<h1>New SEBI Head Appointed: Finance Ministry Veteran Takes Over Amid Market Challenges and Foreign Investor Withdrawals</h1> A seasoned bureaucrat has been appointed as the new head of India's Securities and Exchange Board (SEBI), succeeding the outgoing chairperson from the private sector. The new appointee, a top official in the Finance Ministry, has a reputation for adhering to rules and maintaining a clean image. Known for his role in the privatization of Air India and the listing of the Life Insurance Corporation of India, he will lead SEBI amid market challenges, including significant capital withdrawals by foreign investors. His appointment follows a controversial tenure by his predecessor, marked by regulatory changes and allegations of conflict of interest.