The man who passed the Reliance order

Mahalingam had a three-decade stint with the RBI

Three months before he took over as Securities and Exchange Board of India (Sebi) whole-time member, G Mahalingam, then an executive director with the Reserve Bank of India, spoke at an event organised by the National Institute of Securities Market. 

“I am going to take exactly 20 minutes. I am not going to talk for more than 20 minutes. I need to hit the office by 1 o’clock,” he told his audience before starting. He kept his promise. “Today, in the field of financial markets, one cannot live without data. Data crunching is there in every field,” Mahalingam began his