India may well get the first female chief of a financial regulator as two women feature among the top candidates for the post of IRDAI Chairperson.
Former Telecom Secretary Aruna Sundararajan and the Securities and Exchange Board of India’s (SEBI) Whole Time Member, Madhabi Puri Buch, are in the race for the next Chairperson of the Insurance Regulatory and Development Authority of India, highly-placed sources told IANS.
The Centre has shortlisted few former and current bureaucrats and officials for the post of the insurance regulator.
The selection process is gathering momentum as the post has been vacant for around four months now. The post was last held by Subhash Chandra Khuntia, who was appointed in 2018.
Several concerns have been raised by industry participants as the top post at the insurance regulator remained vacant for a considerable period amid the pandemic.
Sundararajan is currently an Independent Director on the Board of Larsen & Toubro Infotech. A 1982 batch Kerala cadre officer of the Indian Administrative Service (IAS), Sundararajan superannuated on July 31, 2019 as Chairman of the Digital Communications Commission, and the Secretary, Telecom.
