Government appoints S Raman as new chairman of pension fund regulator PFRDA; Know who is he

S Raman, Deputy Comptroller and Auditor General has been appointed as chairman of pension fund regulator PFRDA by the government. Raman would replace incumbent Deepak Mohanty, whose term ends in May 2025.

Appointments Committee of the Cabinet (ACC), according to an April 1 government notification, cleared the appointment of Deputy Comptroller and Auditor General Sivasubramanian Raman as chairman of the Pension Fund Regulatory and Development Authority (PFRDA).

The statement said that the ACC has approved his appointment for a term of five years or till he attains the age of 65 years. Raman, who is currently serving as Deputy CAG, is a 1991 batch officer of the Indian Audit & Accounts Service (IA&AS).

He has served as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI) for three years between 2021 and 2024. Before joining SIDBI, he was MD and CEO of National e-Governance Services Limited (NESL).

Before joining NESL, Raman served as Principal Accountant General (Audit) in Ranchi, Jharkhand during 2015-2016. He also served as Chief General Manager and later as Executive Director in SEBI between 2007 and 2013.