>Tom.Bot at 18:24, 14 December 2020

2020-12-14T18:24:26Z

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{{short description|Indian financial regulator|bot=PearBOT 5}}
{{Use dmy dates|date=April 2017}}
{{Use Indian English|date=April 2017}}
{{Infobox person
| name = C. B. Bhave
| image =C.B. BHAVE.jpg
| image_size = 200px
| caption =
| birth_date =
| birth_place = [[Nagpur]], [[Maharashtra]], [[India]]
| death_date =
| death_place =
| occupation = [[Public administration|Administrator]]
| alma_mater = [[Jabalpur Engineering College]]
| salary =
| networth =
}}
'''Chandrasekhar Bhaskar Bhave''' is an Indian financial regulator. He was appointed as Chairman of the [[Securities and Exchange Board of India]] (SEBI) in February 2008 for a period of three years.<ref>{{cite news |first=Rajesh |last=Bhayani |title=Newsmaker: C B Bhave |url=http://www.business-standard.com/common/news_article.php?leftnm=0&subLeft=2&chklogin=N&autono=313806&tab=r |work=[[Business Standard]] |date=2008-02-15 |accessdate=2008-02-17 }}</ref> He was succeeded by [[Upendra Kumar Sinha]] as the chairman of SEBI after his tenure. He was SEBI's senior executive director from 1992 - 1996. After that he became Chairman and Managing Director of the then newly created [[National Securities Depository Limited]] (NSDL).<ref>{{cite news |title=Bhave may be new SEBI chairman |url=http://timesofindia.indiatimes.com/Business/India_Business/Bhave_may_be_new_SEBI_chairman/articleshow/2780836.cms |work=[[The Times of India]] |date=2008-02-14 |accessdate=2008-02-17 }}</ref> He is also member of the governments technology advisory group, [[TAGUP]].<ref>{{cite news| url=http://economictimes.indiatimes.com/news/economy/policy/Nilekani-to-code-public-projects/articleshow/6021879.cms | work=The Times Of India | title=Nilekani to code public projects | date=2010-06-08}}</ref> He is the chairperson of the Indian Institute for Human Settlements (IIHS).<ref>{{cite news| url=https://economictimes.indiatimes.com/markets/stocks/announcements/ex-sebi-chief-cb-bhave-to-chair-indian-institute-for-human-settlements/articleshow/13611192.cms
| work=The Economic Times | title= Ex SEBI Chief CB Bhave to chair Indian Institute for human settlements | date=2012-05-28}}</ref>

Many prominent personalities including [[Jaswant Singh]] (Former [[Finance Minister of India|Finance Minister]]), [[Vinod Rai]] (Former [[Comptroller and Auditor General of India|Comptroller and Auditor General]]), [[Deepak Parekh]] (Chairman, [[Housing Development Finance Corporation]]), [[Jairam Ramesh]] ([[Ministry of Rural Development (India)|Rural Development Minister]]) have described Bhave as an "outstanding, honest and upright" officer.<ref name="Jaswant Singh">{{cite news|title=Jaswant Singh|url=http://economictimes.indiatimes.com/news/politics-and-nation/jaswant-singh-criticises-cbi-action-against-c-b-bhave/articleshow/32366577.cms|accessdate=20 March 2014}}</ref><ref name="Jairam Ramesh">{{cite news|title=Jairam Ramesh|url=http://economictimes.indiatimes.com/news/politics-and-nation/jairam-ramesh-slams-cbi-says-larger-forces-at-work-to-fix-ex-sebi-chairman-bhave-and-ex-member-abraham/articleshow/32247039.cms|accessdate=20 March 2014}}</ref><ref name="Vinod Rai">{{cite news|title=Vinod Rai|url=http://articles.economictimes.indiatimes.com/2014-03-15/news/48244367_1_cb-bhave-km-abraham-finance-ministry|accessdate=20 March 2014}}</ref><ref name="Deepak Parekh">{{cite news|title=Deepak Parekh|url=http://articles.economictimes.indiatimes.com/2014-03-19/news/48366094_1_deepak-parekh-c-b-bhave-cbi|accessdate=20 March 2014}}</ref>

==Early life==
C. B. Bhave was born in [[Nagpur]], [[Maharashtra]]. He is an electrical engineer from [[Jabalpur Engineering College]]<ref>[https://docs.google.com/viewer?a=v&q=cache:0VCGzyCTZfMJ:www.ifrs.org/Alerts/PressRelease/Documents/QuigleyBhaveTrusteesFebruary2012.pdf+&hl=en&gl=in&pid=bl&srcid=ADGEESj1xNQ1mCPQE9ErPVCSE6tKZ3l67bRb5XC0KPkcEfLZ8ynlsbZGTCWSEoJ0cOYlc5LsDMCoxBDUQ-92IiSFOvlhXmHgbPLwP1KciyFHlTMRU8LiK1oskZFvHask2WzYcnxazrAb&sig=AHIEtbREM70iLpe0MR4nNx4opJAGqz0kUA Powered by Google Docs]</ref> and 1975 batch IAS officer.

==Career==
C. B. Bhave started out an IAS officer in Maharashtra. He was additional Industries Commissioner of Maharashtra for three years. He moved up to the Centre with a position as undersecretary in the Ministry of Finance and deputy secretary in the Ministry of Petroleum.

When G. V. Ramakrishna became chairman of [[Securities and Exchange Board of India|SEBI]], he invited Bhave to join SEBI. This gave a highly successful first stint at SEBI, which ushered in the revolution of the Indian equity market.

Bhave had irreconcilable differences with D. R. Mehta, the SEBI Chairman, and strong views about the direction of reforms of the equity market. He left SEBI to lead what was then a startup, the National Securities Depository Ltd. (NSDL). NSDL had been incubated inside NSE but for all practical purposes, it was a startup when Bhave took over. This was also a highly successful period, where India made the transition into dematerialised settlement at the depository.

After this, Bhave came back to [[Securities and Exchange Board of India|SEBI]] as chairman for three years.

==References==
{{Reflist}}

{{Authority control}}

{{DEFAULTSORT:Bhave, Chandrasekhar Bhaskar}}
[[Category:Businesspeople from Nagpur]]
[[Category:Securities and Exchange Board of India]]
[[Category:Indian Administrative Service officers]]
[[Category:Living people]]
[[Category:Year of birth missing (living people)]]

C. B. Bhave - Revision history

>Tom.Bot at 18:24, 14 December 2020