Market regulator Securities and Exchange Board of India on Monday announced the appointment of Prashant Saran as its whole time member.
"Prashant Saran took charge as whole time Sebi member in Mumbai today," Sebi said.
Prior to this assignment, Saran held the position of chief general manager in Reserve Bank of India and was heading the department of banking operations and development.
During his stint in the RBI, he has had a wide experience in regulatory and other functions.
Saran has held membership of a number of committees like International Liaison Group and International Liaison Group on Capital of Basel Committee on Banking Supervision, National Advisory Committee on Accounting Standards and Empowered Committee on External Commercial Borrowings.
He possesses a Master's degree in Physics from Punjab University, Chandigarh.