Voice Of Capital Market

Association of NSE Members of India (ANMI)

Formerly known as Association of National Exchanges Members of India

President's Message

National President’s Message – July 2026

"Progress is achieved when institutions, industry, and innovation move forward together."

Dear Members,

As we conclude another dynamic month, I extend my warm greetings to all ANMI members, market participants and stakeholders.

July has reinforced the resilience and maturity of **India's capital markets**. While global economies continue to navigate geopolitical developments, evolving trade dynamics and monetary policy uncertainties, India has continued to demonstrate remarkable stability. Supported by strong domestic participation, improving macroeconomic indicators and sustained investor confidence, our markets remain well positioned to support the country's long-term growth aspirations.

The latest NSE Market Pulse reflects this optimism. India's economic fundamentals remain robust, supported by healthy corporate earnings, resilient domestic consumption, prudent fiscal management and continued infrastructure investment. While external factors such as global developments and the monsoon continue to require careful monitoring, India's long-term growth story remains firmly intact.

In this evolving environment, the role of market intermediaries has never been more important. As the largest association representing stock brokers and market intermediaries in India, ANMI remains committed to working closely with regulators, exchanges, depositories and policymakers to build markets that are transparent, efficient, innovative and globally competitive.

During July, ANMI continued its proactive engagement by strengthening dialogue with regulators, exchanges and market infrastructure institutions while deepening member engagement across the country. Through sustained policy advocacy, committee deliberations, industry interactions and knowledge initiatives, we remained focused on creating meaningful value for our members and contributing to the continued development of India's securities market ecosystem.

Our ANMI Board Committees remained actively engaged throughout the month, deliberating on product innovation, legal and compliance matters, regulatory developments, exchange-related issues, GIFT City opportunities, membership welfare, CSR initiatives and policy advocacy. These discussions reflect our commitment to proactive governance and to ensuring that ANMI remains a **member-driven, responsive and future-ready** association.

Knowledge sharing continues to be one of ANMI's defining strengths. During the month, members participated in a series of well-received webinars covering the proposed Securities Markets Code, Artificial Intelligence, cyber security, SEBI compliance readiness, accessibility audits and developments in commodity derivatives. Continuous learning has become indispensable in today's rapidly evolving marketplace, and ANMI will continue investing in initiatives that equip members to navigate change with confidence.

Technology is redefining every aspect of the financial services industry. Artificial Intelligence, cyber resilience, digital infrastructure and data-driven compliance are transforming the way intermediaries operate. Through our active participation in the Industry Standards Forum, Global Fintech Fest Committee, FICCI Capital Markets Committee and SEBI TechSprint initiatives, ANMI continues to contribute to important discussions that will shape the future of our markets.

Our regional chapters also remained highly active by organising member conclaves, webinars and awareness programmes across the country. These initiatives not only enhance professional knowledge but also strengthen networking, collaboration, and the exchange of ideas among members. A vibrant regional ecosystem remains fundamental to building a stronger national association.

A significant milestone during the month was the ANMI Board Meeting held in Kolkata, where the Board reviewed the Association's strategic priorities, governance framework and progress across various committees. Product innovation, digital transformation, member services, regional development, ANMI Voice, and upcoming national initiatives were among the key areas deliberated upon. The meeting reaffirmed our collective commitment to building a stronger, more responsive and member-centric ANMI.

As we move forward, our focus remains unwavering. We shall continue to advocate constructively for our members, promote innovation, strengthen investor confidence and contribute meaningfully towards the continued growth of India's capital markets. Our success will not be measured merely by the number of meetings we conduct, but by the positive impact we create for our members, our institutions and the markets we proudly serve.

I sincerely thank our Board Members, Regional Chairmen, Committee Chairmen, Directors, Secretariat, regulators, exchanges, depositories, industry partners and every ANMI member for their continued trust, support and active participation. Together, through collaboration, innovation and shared purpose, we will continue strengthening ANMI's position as the premier representative body of India's securities market intermediaries.

President's Thought

"Leadership is measured not by the challenges we face, but by the value we create together."

Stronger Members. Stronger Markets. A Stronger India.

Warm Regards,

Kamlesh Shroff
National President, ANMI