Mumbai (Maharashtra) [India], October 24 (ANI): As India’s capital markets develop to unprecedented heights, escalating technological threats require quick, proactive defence mechanisms throughout the monetary ecosystem.
Addressing market individuals on the sixteenth ANMI International Capital Market Convention in Mumbai on Saturday, National Stock Exchange (NSE) Managing Director and Chief Executive Officer Ashish Kumar Chauhan cautioned that rising AI-driven cyber dangers and quantum computing challenges current a essential check for market integrity.
Highlighting the worldwide severity of automated cyber threats, Chauhan cited latest worldwide disruptions as a warning for Indian intermediaries.
‘Over the previous few weeks, we now have seen a wave of AI-driven cyber hacking globally. Japan declared a nationwide emergency over cyber hacking, and main American banks confronted subtle AI engine assaults on their infrastructure,’ Chauhan mentioned, noting that NSE is repeatedly reviewing its infrastructure to patch vulnerabilities.
To safeguard market individuals from subtle cyber threats, the trade chief referred to as for an industry-wide collaborative defence framework.
‘I request ANMI to arrange a Special Task Force on Cybersecurity to make sure all members are guided, vulnerability-tested, and shielded towards AI-driven hacking over the subsequent 1 to three years,’ Chauhan urged, including that quantum computing frameworks will quickly problem current SSL cryptographic requirements.
Chauhan recommended regulatory reforms spearheaded by SEBI Chairman Tuhin Kanta Pandey for decreasing operational friction whereas sustaining sturdy market safeguards.
‘Reforms underneath his stewardship have positioned market integrity and investor safety on the centre,’ he remarked, citing single widespread reporting platforms, prolonged reporting home windows, and technical glitch reporting reduction that benefited roughly 60 per cent of buying and selling members.
Beyond equities, Chauhan famous that product innovation continues to deepen home capital markets.
‘Starting from money equities, we launched fairness derivatives, foreign money derivatives, commodity derivatives, and electrical energy,’ Chauhan said, highlighting latest launches like Electronic Gold Receipts (EGRs) and upcoming approvals for Corporate Bond Index Futures.
Underlining the immense scale of the Indian capital ecosystem, Chauhan identified that the listed market capitalisation of Rs 460 lakh crore now exceeds the banking system’s complete credit score base and stability sheet mixed.
‘India’s listed market cap stands at 460 lakh crore, rising at a CAGR of 17% during the last three many years, masking over 99% of India’s PIN codes,’ Chauhan mentioned, including that registered investor accounts have crossed 27 crore, with particular person traders proudly owning 19.3% of listed market worth.
Looking forward, Chauhan harassed that market intermediaries will play a pivotal position as India strikes in direction of a developed financial system.
‘India’s per capita revenue is shifting from $3,000 towards $25,000-$30,000 as we try to grow to be a developed nation by Viksit Bharat 2047. If India is to develop, it’ll develop on the again of NSE and ANMI,’ Chauhan concluded. (ANI)