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    Bhave is new chairman of SEBI

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    CB Bhave, who is currently the chairman of National Securities Depository Ltd (NSDL), will take charge as the chairman of (SEBI) from February 18.

    Bhave will replace the present chairman, M Damodaran, whose three-year term ends today.

    Sources said that the Appointments Committee of the Cabinet has approved Bhave’s name as the next SEBI chief, based on the recommendations of a selection committee headed by the cabinet secretary, KM Chandrasekhar.