JPMorgan CEO Dimon Meets Sitharaman At Investor Conference

MUMBAI-Finance Minister Nirmala Sitharaman on September 21 met Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., during the 11th edition of the JPMorgan India Investor Conference in Mumbai.

According to the Finance Ministry, Dimon interacted with Sitharaman on the sidelines of the conference, which brought together investors, policymakers and corporate leaders to discuss India’s economic outlook and investment opportunities.

Sitharaman also addressed participants at the event and took part in a fireside chat with Sajjid Chinoy, Head of Asia Economics at JPMorgan.

The meeting comes as JPMorgan has highlighted the growing role of domestic investors in India’s equity markets. In a recent report, the financial services firm said tax reforms and regulatory measures had enhanced the relative attractiveness of equities for domestic investors, helping sustain inflows despite relatively muted market returns over the past two years.

JPMorgan said changes in the taxation framework, along with rising participation through systematic investment plans, were supporting a continued shift of household savings toward financial assets. The report also said domestic investors had increasingly emerged as a stabilizing force for Indian markets, offsetting periods of volatility triggered by foreign portfolio investor outflows and global uncertainties. (IANS)