“We work for trust, we work for transparency, we work for teamwork, and we work for technology. We will continue to create one of the best market institutions in the world,” Pandey told journalists
Mumbai: The new SEBI Chairperson, Tuhin Kata Pandey, has a four-point mantra in mind — trust, transparency, teamwork and technology — for ensuring the continued efficiency of the capital markets regulator.
After taking charge of the SEBI headquarters at the Bandra Kurla Complex here, Pandey said, “SEBI is a very robust market institution. It has been built over the years with successive leadership and will continue with it.”
“We work for trust, we work for transparency, we work for teamwork, and we work for technology. We will continue to create one of the best market institutions in the world,” Pandey told journalists.
Highlighting trust as “the most important thing,” Pandey said SEBI holds the trust of India’s population, the Parliament, the government, the investors and industry stakeholders.
When asked if his leadership style is expected to be different from his predecessor, Madhabi Puri Buch, he declined to comment.
“We are not going to comment on anything, anyone, or any style. We are a team here, and this team will work,” he said.
Pandey, a 1987 batch IAS officer, brings with him a rich experience in handling the country’s economic policy and financial administration.
He has just concluded his tenure as the Finance Secretary and Secretary of the Department of Revenue, which saw him playing a key role in the formation of the Union Budget and the drafting of the new Income Tax Bill, based on global best practices. The new Bill has simplified the language and structure of the Income-tax Act, 1961, reducing the Act’s volume by close to 50 per cent