Correct Answer: Tuhin Kanta Pandey
Subject: 2025
Explanation: <p><strong>Key Fact:</strong> Senior civil servant Tuhin Kanta Pandey (Secretary of DIPAM / Department of Investment and Public Asset Management) was entrusted with leading capital markets oversight.</p><p><strong>Additional Info:</strong> SEBI was established as a non-statutory body in 1988 and given statutory powers under the SEBI Act, 1992. It regulates stock exchanges, mutual funds, listed corporations, and protects investor interests in India.</p><p><strong>Why the other options are wrong:</strong> Madhabi Puri Buch and Ajay Tyagi are former Chairpersons of SEBI; Rajnish Kumar is the former Chairman of the State Bank of India.</p><p><strong>Exam Trick:</strong> Capital market regulator leadership appointments are regular exam highlights.</p><p><strong>Final Answer:</strong> Tuhin Kanta Pandey</p>