Rajay Kumar Sinha Appointed Member Finance Of IRDAI, By Govt

Rajay Kumar Sinha has been appointed as the Member Finance and Investment of the Insurance Regulatory and Development Authority of India (IRDAI) by the government. The appointment is for a term of three years, effective from the date he assumes the responsibilities of the position. Currently serving as the Managing Director (MD) and Chief Executive Officer (CEO) of SBI Capital Markets, he brings his expertise to the regulatory and developmental aspects of the insurance sector. The position became vacant when the tenure of the current member, Rakesh Joshi, concluded in November 2023. Joshi had previously served as the Executive Vice President and Group Head (Debt Capital Markets) at State Bank of India Capital Markets prior to IRDAI.