ICC has a very strong focus upon Banking, Capital Market & Financial Sector, and the Chamber regularly organizes Summits and Conferences on the Capital Market, which have today emerged as one of the largest platforms in the country for meaningful deliberations and exchange of ideas. The Indian Chamber works very closely with Regulating Bodies and premier Institutions like the SEBI, RBI, Bombay Stock Exchange, IRDA, AMFI, and all the big Corporates in the Banking, Insurance and Mutual Fund industries, and provides necessary policy recommendations aimed at further progress of these strategic sectors. The ICC Insurance Summit, the ICC Banking Summit and the ICC Mutual Fund Summit are annual flagship events which act as effective voices for these industries, and witness the coming together of key Policy Makers, Captains of Industry & International Consultants, who share their viewpoints regarding important policy interventions and reforms required in these sectors, and the prospects and challenges of the Indian Financial Markets. Important Dignitaries who have graced the Chambers various Conferences on the Capital Market in the recent past include the Chairman, IRDA; Chairman, Bombay Stock Exchange ; Deputy Governor, RBI , Senior Ministry of Finance Officials ; Chairman, AMFI , MD s & CEO s of all big Indian Corporate Houses, among others.
Being a progressive, pro-growth Chamber, ICC is a strong proponent of financial sector reforms, and also believes that financial inclusion should be of utmost priority, if the country has to sustain an equitable and inclusive growth. The Indian economy has been one of the least hit by the global financial downturn, and this has largely been possible due to the countrys strong and robust Banking & Financial Sector. Prudent Monetary Policy measures have been able to keep inflation under control, and have boosted business optimism. ICC has successfully partnered the Govt. and the Industry in this period of downturn, and has been able to project the strengths and growth prospects of the Indian Capital & Financial Markets to relevant stakeholders, through meaningful and significant initiatives.
The Indian Capital & Financial Markets experienced rapid progress and reform in the late 1980s. However, ICC feels there is still a long way to go. The Chamber thus intends to take up concrete initiatives that could address critical issues related to Financial Sector Reforms, and contribute to the orderly development of the markets. Also, it is extremely important to track and communicate the policy changes and modifications in the dynamic Indian Capital Market brought about by the Regulating Bodies like SEBI to the Corporate Finance Managers and other relevant stakeholders, because these regulatory changes have direct impact upon an individual organisations operations and growth path. Thus, the Chamber strives to spread awareness, and acts as a bridge between the Govt. and the Financial Institutions for facilitating dialogues, which can be transformed into real-time policy implementations.
Today, the Indian Chamber of Commerce has emerged as the most respected and prominent Institution in the Finance & Capital Market space, which tirelessly tries to cater to the needs and demands of the Indian Financial Markets.