The retired IAS officer and the former financial services secretary Debasish Panda was appointed by the Government as chairman of the Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of Cabinet (ACC) approved his appointment initially for a period of three years.
In January this year after a two-year stint, a 1987-batch IAS officer of the Uttar Pradesh cadre Mr Panda had retired as financial services secretary. Following Subhash Chandra Khuntia completing his term in May 202, the appointment comes nearly 9 months after the vacancy was created.
Mr. Panda’s name was suggested by the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by Prime Minister of India Narendra Modi for its final approval.
The former executive vice president and group head (Debt Capital Markets) of State Bank of India Capital Markets Rakesh Joshi was appointed by the Government as the Whole Time Member (Finance and Investment) of IRDAI.
