The Securities and Exchange Board of India has promoted 62 of its assistant general managers (AGMs) as deputy general managers (DGMs) in the latest drive. The market regulator embarked on a major promotion initiative this year, following a protest by its staff on its promotion policy. This week the regulator promoted grade ‘C’ AGMs from general stream, research, legal, information technology and engineering as DGMs. SEBI, which recently purchased a new property worth ₹1,000 crore, is also boosting its staff strength with new recruitments.