Nine in race to be Sebi board members

......Sebi traditionally appoints at least one of its members from the banking sector. Saran comes from RBI. On a few occasions, Sebi has also had two members from the banking sector. The finance ministry official said besides suitability for the job, aspects to be considered for selecting the candidates would be knowledge of work, experience and understanding of the financial system. “Market-related exposure will play the most crucial role,” the official said. This time, too, some chairmen of public sector banks are understood to have applied for the post. They include Allahabad Bank CMD J P Dua, whose term ends in August; Canara Bank CMD S Raman; Bank of India CMD Alok Kumar Misra; and RBI CGM Chandan Sinha. Sebi’s existing executive director, Usha Narayanan, and even Saran, are said to have been shortlisted for the posts.............. 

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