<h1>Seasoned Bureaucrat Appointed as 11th SEBI Chairman Amid Market Challenges, Including Foreign Investor Withdrawals</h1> The government has appointed a senior bureaucrat as the 11th chairman of the Securities and Exchange Board of India (SEBI), succeeding the outgoing chairperson. The newly appointed chairman, a seasoned Indian Administrative Service officer, has previously served as Finance Secretary and Secretary of the Department of Revenue. His tenure will initially last three years. He takes over amid market challenges, including significant withdrawals by foreign investors. He has a notable background in financial management, having played key roles in budget formulation, tax reforms, and the privatization of public enterprises, including Air India and IDBI Bank.