Tuhin Kanta Pandey, the newly appointed chairman of the Securities and Exchange Board of India (SEBI), has pledged to enhance transparency within the organization by disclosing conflicts of interest among board members. This initiative aims to rebuild trust among stakeholders following allegations of conflict of interest involving the previous chairperson, Madhabi Puri Buch, during investigations related to the Adani group—allegations that were denied by both Buch and the Adani group. Pandey’s commitment to transparency is seen as a crucial step in strengthening the credibility of India’s financial regulatory framework.
In addition to promoting transparency, Pandey emphasized SEBI’s dedication to creating an inclusive environment for foreign capital, which is vital for infrastructure development and economic growth. Despite significant foreign investor sell-offs totaling over $27 billion since September 2024, SEBI remains focused on supporting the growth of Indian markets through collaborative efforts involving both domestic and international capital. These measures are expected to bolster investor confidence and contribute to the stability of India’s financial markets.