Debasish Panda named as Chairman of IRDAI
Highlights:
- Debasish Panda has been appointed as the chairman of the Insurance Regulatory and Development Authority of India (IRDAI).
- He is a former financial services secretary.
- The post of Chairman of IRDAI was lying vacant since May 2021 when Subhash Chandra Khuntia completed his term.
- Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, retired as financial services secretary in January this year after a two-year stint.
- The Appointments Committee of the Cabinet has approved Panda’s appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of charge.
- The appointment of IRDAI chairman comes nearly 9 months after the vacancy was created following Subhash Chandra Khuntia completing his term in May last year.
- IRDAI Founded in the year 1999.
- It's Headquarters is located at Hyderabad.
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