Chandrasekhar Bhaskar Bhave is an Indian financial regulator. He was appointed as Chairman of the

Securities and Exchange Board of India The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance within the Government of India. It was established on 12 April 1988 as an executive ...

(SEBI) in February 2008 for a period of three years. He was succeeded by Upendra Kumar Sinha as the chairman of SEBI after his tenure. He was SEBI's senior executive director from 1992 - 1996. After that he became Chairman and Managing Director of the then newly created

National Securities Depository Limited National Securities Depository Limited (NSDL) is an Indian central securities depository, based in Mumbai. It was established in August 1996 as the first electronic securities depository in India with national coverage. It was established base ...

(NSDL). He is also member of the governments technology advisory group, TAGUP. He is the chairperson of the Indian Institute for Human Settlements (IIHS). Many prominent personalities including

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(Former

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(Former

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(Chairman,

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( Rural Development Minister) have described Bhave as an "outstanding, honest and upright" officer.

Early life

C. B. Bhave was born in

Nagpur Nagpur (pronunciation: Help:IPA/Marathi, aːɡpuːɾ is the third largest city and the winter capital of the Indian state of Maharashtra. It is the 13th largest city in India by population and according to an Oxford's Economics report, Nag ...

Maharashtra Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...

. He is an electrical engineer from

Jabalpur Engineering College Jabalpur Engineering College (JEC) is an institute located in Jabalpur, Madhya Pradesh, India. It is the oldest technical institution in central India and the 15th-oldest in India. It is the first institute of India to have started the Electron ...

IAS IAS may refer to: Science * Institute for Advanced Study, in Princeton, New Jersey, United States * Image Analysis & Stereology, the official journal of the International Society for Stereology & Image Analysis. * Iowa Archeological Society, Uni ...

officer.

Career

C. B. Bhave started out an IAS officer in Maharashtra. He was additional Industries Commissioner of Maharashtra for three years. He moved up to the Centre with a position as undersecretary in the Ministry of Finance and deputy secretary in the Ministry of Petroleum. When G. V. Ramakrishna became chairman of

SEBI The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance within the Government of India. It was established on 12 April 1988 as an executive ...

, he invited Bhave to join SEBI. This gave a highly successful first stint at SEBI, which ushered in the revolution of the Indian equity market. Bhave had irreconcilable differences with D. R. Mehta, the SEBI Chairman, and strong views about the direction of reforms of the equity market. He left SEBI to lead what was then a startup, the National Securities Depository Ltd. (NSDL). NSDL had been incubated inside NSE but for all practical purposes, it was a startup when Bhave took over as managing director. This was also a highly successful period, where India made the transition into dematerialised settlement at the depository. After this, Bhave came back to

as chairman for three years.

References

{{DEFAULTSORT:Bhave, Chandrasekhar Bhaskar Businesspeople from Nagpur Securities and Exchange Board of India Indian Administrative Service officers Living people Year of birth missing (living people)