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SEBI employees' group protests Garg's appointment as executive director

Appointment is a deviation from established practice followed in organisations like the Reserve Bank of India, says association

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3 min read Last Updated : Aug 22 2020 | 4:24 PM IST

SEBI’s decision to appoint GP Garg as executive director (ED) has sparked a "strong protest" from the market regulator’s employee association, which has objected to the practice of appointing outside persons or those from non-core streams.

In a letter dated August 21 to Sebi chairman Ajay Tyagi, the Sebi’s Employee Association (SEA) said: "we strongly protest the decision to ignore and sideline general stream officers in ED level promotion."

The appointment is a deviation from established practice followed in organisations like the Reserve Bank of India, it says.

SEA said employees feel "betrayed, shocked and devalued" on the side-lining of

Topics : Reserve Bank of India Sebi Ajay Tyagi

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