Three senior officials from the Securities and Exchange Board of India (SEBI) are in the race for the whole-time member position, sources informed CNBC-TV18.

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G Mahalingam, the current whole-time member’s tenure, is set to expire in October this year.

The government had invited applications for the same position.

Nagendraa Parakh, S Ravindran and Sujit Prasad, who are currently serving as executive directors at SEBI, have applied for this position. Also, CNBC-TV18 has learnt that certain people from the exchange industry and the mutual fund industry have also applied for the same position.

(Edited by : Anshul Majumdar)

First Published:Aug 12, 2021 4:32 PM IST