SEBI Chief Shifts Focus: Quality, Governance, Risk Crucial for India's Capital Markets

• SEBI Chairman Tuhin Kanta Pandey marked Sensex's 40 years, emphasizing a shift in focus for India's capital markets from scale to quality, governance, and technological resilience.
• Pandey highlighted the Sensex's evolution from manual trading to a technology-driven ecosystem, mirroring India's economic transformation and the importance of long-term value creation.
• He stressed that market growth relies on trust, built through appropriate regulation, transparency, and effective enforcement, alongside institutional reforms.
• SEBI has strengthened market infrastructure institutions (MIIs) governance with independent evaluations, tighter board norms, and clearer reporting structures for tech/security officers.
• Future priorities include stronger corporate governance, sustainable finance, innovation with investor protection, and using AI for supervision like SEBI Sudarshan to anticipate risks.

Why It Matters: India's capital markets prioritize quality, governance, and tech resilience over mere scale, says SEBI chief.