President's Message
National President Message – March 2026
Dear Members,
As we come to the closure of March 2026 and conclusion
of the financial year 2025–26, it is a fitting time to reflect on the
resilience and progress of India’s capital markets and the valuable role played
by the broking and intermediary community.
Despite evolving global and domestic challenges, the
Indian securities market has continued to demonstrate strength, supported by
growing investor participation, technological advancement, and a strong
regulatory framework. For intermediaries, the year has reaffirmed the
importance of compliance, operational excellence, and adaptability in an
ever-changing market environment.
The close of March 2026 and the financial year 2025–26
comes against a backdrop of heightened global uncertainty, with geopolitical
tensions in West Asia triggering a sharp rise in crude oil prices, renewed
volatility across global markets, and pressure on emerging market currencies.
For India, as a major energy importer, the surge in crude prices poses
immediate macroeconomic challenges through inflation, a wider import bill, and
potential pressure on the current account deficit. Indian equities, which had
already been facing some pressure, witnessed a sharper correction during the
month, while global risk sentiment turned cautious. Despite these external
headwinds, domestic institutional participation, strong SIP inflows, and
resilient bond market conditions have continued to provide important stability
to the Indian financial system.
At the same time, India’s domestic economic
fundamentals remain robust, with strong GDP growth, healthy GST collections,
continued credit expansion, resilient consumption, and sustained momentum in
both manufacturing and services. Corporate earnings continue to reflect
broad-based growth, even as margin pressures have begun to emerge, while the
revised GDP series provides a more contemporary and credible representation of
the economy’s underlying strength. India’s capital markets have also continued
to deepen, supported by strong primary market activity, expanding investor
participation, and growing market breadth. As we conclude the fiscal year,
these developments reaffirm that while external shocks may create short-term
volatility, India’s growth story and the long-term strength of its capital
market ecosystem remain firmly intact.
In the month of March 2026 ANMI Conducted Various
events including:
17th
March 2026 ANMI in association with Nasdaq, Investec, and NuSummit,
co-hosted the Nasdaq India Surveillance Summit at Jio World
Convention Centre, Mumbai. myself along with Shri. Aliasgar, ED, SEBI and
Mr. Piyush Chaurasiya, NSE participated in a panel discussion. ANMI is proud to
have been associated with this significant knowledge initiative that aligns
with its ongoing mission and the latest developments in market surveillance,
regulatory trends, and technology-driven solutions.
18th
March 2026 on behalf of ANMI, Mr. Kamlesh Shroff, Alternate President, ANMI,
along with fellow ANMI members, attended the Dinner Meet of the Russian Indian
Forum titled “From the Volga to the Ganges”, at Sahara Star, Vile Parle,
Mumbai. The gathering facilitated insightful discussions on fostering deeper
India-Russia engagement, with a special focus on civilizational dialogue and
the integration of capital markets.
20th
March 2026 ANMI organised ANMI All India Members Meet at ITC Maratha,
Mumbai. The event was graced by Shri. Ashishkumar Chauhan, MD & CEO, NSE;
Ms. Praveena Rai, MD & CEO, MCX; Shri. Nehal Vora, MD & CEO, CDSL;
Shri. V. Bala Subramaniam, MD & CEO, NSE IX; Shri. Vikram Kothari, MD &
CEO, NSE Clearing; Shri Vijay Kedia, Private Investor; Ms. Devina Mehra,
Founder, Chairperson & MD, First Global and other dignitaries. ANMI
Founders, National Council Members, and ANMI Members also attended the event.
The All-India Members Meet provided a valuable
platform for meaningful dialogue, stronger industry connects, and reaffirming
ANMI’s commitment to the growth, integrity, and development of India’s capital
markets. The event reflected ANMI’s enduring role in bringing together key
stakeholders for constructive engagement and collaboration.
16th March 2026
ANMI Organized webinar on “SEBI Circular - Disability Related Compliances
for Websites of Regulated Entities”. Myself delivered the Introductory remarks and
session was addressed by Mr. Prakash Kovvali, Apelogix Solutions LLP, and
concluded with a vote of thanks by Mr. Mahesh Desai, Director, NC, ANMI.
25th March 2026 ANMI NS organised webinar on “On
Boarding Algo Providers & Purview of PaRRVA Implementation”. Myself
delivered the Introductory remarks and session was addressed by Ms. Sonali
Karnik, MD & CEO, NSE Administration and Supervision Ltd, Mr. Bireshwar
Chatterjee, SVP – Surveillance and Investigation, NSE, Mr. Manish Deo,
Associate Vice President, NSE, and Mr. Pankaj D Prasade, Director & Head –
PaRRVA, CareEdge.
Throughout the year, ANMI has remained committed to
supporting its members through meaningful engagement, knowledge-sharing
initiatives, and continuous dialogue with regulators, exchanges, and market
institutions. These efforts have helped strengthen our fraternity and reinforce
ANMI’s role as a credible voice of the capital market intermediary community.
As we step into the new financial year, let us move
forward with renewed confidence, collective purpose, and a shared commitment to
contributing to a stronger, more transparent, and future-ready capital market
ecosystem.
President’s Bid Adieu – A journey of
purpose and progress
As I pen my final note as President of the Association
of NSE Members of India (ANMI), I do so with a deep sense of gratitude, pride,
and fulfilment. Serving this esteemed association has been both an honour and a
responsibility that I have cherished every single day.
The year gone by has been one of dynamic change and
meaningful progress for our capital markets. Amid evolving regulations,
technological advancements, and global uncertainties, ANMI has stood firm as a
voice of strength, stability, and constructive engagement. Together, we have
reinforced our role as a vital bridge between market participants and
regulators.
During my tenure, our focus remained clear —
strengthening member engagement, enhancing knowledge dissemination, and
advocating for a progressive and inclusive market ecosystem. We have conducted
impactful knowledge sessions, policy discussions, and regional outreach
programs, ensuring that ANMI remains connected to its members across the
country.
One of our key priorities has been to adapt to the
changing landscape of financial markets, particularly with the increasing role
of technology, algo trading, and regulatory transformations. We have actively
engaged with stakeholders to represent members’ concerns while aligning with
the broader vision of market integrity and investor protection.
I am particularly proud of the spirit of unity and
collaboration that defines ANMI. The strength of this association lies in its
members — their resilience, adaptability, and commitment to excellence continue
to inspire confidence in the future of our markets.
I take this opportunity to sincerely thank our
National Council, Past Presidents, Regional heads, National & Regional Secretariats,
and every member who has contributed to this journey. Your support, guidance,
and trust have been invaluable.
As I hand over the baton, I am confident that ANMI
will continue to scale new heights under able leadership. The foundation we
have strengthened together will serve as a platform for even greater
achievements in the years ahead.
While my tenure as President concludes, my commitment
to ANMI and to the growth of our capital markets remains unwavering.
Let us continue to work together with integrity,
innovation, and purpose.
Wishing you and your families good health, happiness,
and continued success in the year ahead.
"Thinking
is the capital, Enterprise is the way, Hard Work is the solution"
-
Dr. A.P.J. Abdul Kalam
With warm regards,
CA K. Suresh
National President, ANMI