Saran appointed Sebi's whole time member

Market regulator Sebi today announced the appointment of Prashant Saran as its whole time member.

“Prashant Saran took charge as Whole Time Member, Securities and Exchange Board of India in Mumbai today,” Sebi said in a release. Prior to this assignment, he held the position of Chief General Manager (CGM) in Reserve Bank of India and was heading the Department of Banking Operations and Development (DBOD).

During his stint at the RBI, he has had expertise in regulatory and other functions. He was member of committees like International Liaison Group (ILG), International Liaison Group on Capital (ILGC) of Basel Committee on Banking Supervision (BCBS) and National Advisory Committee on Accounting Standards and Empowered Committee on External Commercial Borrowings.