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Govt faces leadership gaps across key financial regulatory bodies

The applicant should have a minimum of two years of residual service as on the date of vacancy

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The appointment for the posts of chairperson of the PFRDA and IRDAI shall be made by the central government | Illustration: Ajay Mohanty

Ruchika Chitravanshi New Delhi

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The government will soon need to start a headhunting exercise to fill up top positions across key financial regulatory bodies, including those overseeing pension, insurance, banking and financial reporting. This comes as several of these roles are currently vacant or will soon be available.
 
For the chairperson’s post in the Insurance Regulatory and Development Authority of India (Irdai), the department of financial services (DFS) in the Ministry of Finance will be accepting applications till April 6. The selection process will begin thereafter. The term of its last chairperson Debashish Panda ended on March 13. 
 
“The applicant should have a minimum