SMOOTH FLOW OF CAPITAL
Over the years, India's capital market has undergone massive reforms and transformations in terms of standards, systems, operations, regulations and control mechanisms. The market has grown faster, become transparent, developed the investors' faith, and won their trust. Amongst the markets of the world, the maturity and competence level of India's capital market is one of the spot lights for the domestic as well as international capital inflow.
Further, the growth future, sustenance, prod uctivi ty, liquidity, and efficiencyofcapital market depends on innovations, policies, preparedness & promptness of the market economy to respond to the demands as well as logistic supports which are required for channelizing the surplus savings from savers to the safe and rewarding avenues on time. Hence, a high level of market integrity, approaches, and timeliness are required for smooth flow of modern capital. Therefore, with a viewto discuss and deliberate upon different perspectives ' of capital market, ASSOCHAMorganized the 11th Annual Capital Market Summit on December 22, 2017 in New Delhi.
The welcome address was delivered by Mr. Narinder Wadhwa, Co-chairman, ASSOCHAM National Council on Capital Market & Managing Director, SKI Capital Services Ltd.
The topic of first technical session was Investment Opportunities In Various Asset
Class - The Way Forward 2018 and the same was moderated by Mr. Mrityunjoy Kumar [ha, Zee Business Network. The key panelists of the session were Mr. Arun Thukral, MD & CEO, Axis Securities Limited, Mr. Kishore Udiaver, Senior Vice-President, Wealth Advisors (India) Private Limited, Mr. Sachin Gupta, Senior Director -Large Corporate Ratings, CRISIL RatingsandMr. Ashish Agarwal, Executive Director, A. K. Capital Services Ltd.
The topic of second technical session was Financial Inclusion for Sustainable Development Goals- The Role of Ca pi tal Market, which was moderated by Dr. Ashok Haldia, Co- chairman, ASSOCHAM National Council for Factoring and MD & CEO, PTC India Financial Services Ltd. The key panelists were Mr. Ajit Kumar, CEO, BanayanTree Ltd and Head-ETMoney, Wealth, Mr. Dhiraj Relli, MD & CEO, HDFC Securities Limited, Mr. Vikash Khandelwal, Founding Team Member& CEO, SREICBL Guarantee JV.
The valedictory session saw the opening address by Dr. Ashok Haldia, Co-chairman, ASSOCHAM National Council for Factoring, keynote address by Mr. Narinder Wadhwa, Co-chairman, ASSOCHAM National Council on Capital Market.
During the session, Chief Guest Mr. P. Radhakrishnan, Hon'ble MoS for Finance and Shipping conferred the ASSOC HAM Capital Market Intermediaries Excellence Awards 2017 to the following winners: Credit Rating AgencyCrisil Ratings Ltd., Mutual Funds-UTI Asset Management Company Ltd., Stock BrokerHDFC Securities Ltd., Research Analyst- Edelweiss Financial Services Ltd., Merchant BankerAmbit Capital Ltd., Merchant Banker (Debt Segment)-A K Capital Ltd ., Venture FundsICICI Venture Funds Ltd ., RTAKarvy Computer Share Services Ltd., Portfolio Manager- Motilal Oswal Asset Management Company Ltd., Depository Participant - Sharekhan Ltd.
Jury's special recognitions were also conferred upon: BSE Ltd.-For Establishment of India's First International Exchange, NSE Ltd.-For Largest Exchange with highest turnover, MCXLtd.- ForLeading Commodity Exchange, Quant Capital-For Performance Led Advisory Model.
After the award presentations, the vote of thanks was proposed by Mr. S. C. Aggarwal, Chairman & MD, SMC Global Securities Ltd.
ASSOCHAM hosted the lunch and high-tea for all the guests and participants. The summit was well attended by around 150 participants including representatives from financial Institutions, stock exchanges, stock brokers, advisory firms, merchant bankers, credit rating agencies, mutual fund organizations, portfolio m~nagers, research analysts, depository participants, debenture trustees and electronic & print media.
o. Mr. S. Rawat, Secretary General, ASSOCHAM welcoming Mr. P.Radhakrishnan, Hon 'ble Minister of State for Finance and Shipping Government of India.
(L-R) Mr. Vikash Khandelwal, Founding Team Member & CEO, SREICBL Guarantee Jv, Dr. Ashok Haldia, Co-chairman, ASSOCHAM National Council for Factoring, Mr. Dhiraj Rel/i, MD & CEO, HDFC Securities Ltd., Mr. Ajit Kumar, CEO, Banayan Tree Ltd.