Madhabi Puri-Buch has her task cut out at SEBI

The former ICICI Bank executive comes in at a time when the regulator has a lot of cleaning up to do and needs a decisive hand at the helm.

Exactly 11 years back, when Madhabi Puri-Buch quit the ICICI Group after a 15-year stint, it created ripples in Indian banking circles. Many called it the “end of an era”. 

Puri-Buch was part of the so-called “fab six”—a group of six top women executives groomed by veteran banker K.V. Kamath. The other members of this group included Chanda Kochhar, Kalpana Morparia, Shikha Sharma, Lalita Gupte and Renuka Ramnath. In 2008, Kochhar was anointed as Kamath’s successor at ICICI Bank.  Executives who worked at ICICI Bank back then say that Kochhar clearly saw Puri-Buch as competition and wanted her …


Advait Palepu

Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.




Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

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