"Indian capital markets are far better regulated now. It is a continuous process. Let me see, what part I can play in taking it forward," Damodaran said here, shortly before his departure to Mumbai to take up his new assignment.
Damodaran was appointed SEBI chairman on Thursday night in place of G N Bajpai, who is retiring on Friday after a 5-year stint.
Asked whether the outlook of the market was bullish, Damodaran said "My outlook in life is positive. And life means everything including the market."
Damodaran, who steered UTI out of a imbroglio, said he will be able to get a clear picture on the challenges faced by the Indian capital market after he assumes office.
"I will give the best shot in dealing with the challenge," he said.
Damodaran parried a question on whether FII inflows needed to be regulated, saying he has "no view" at this point of time as was yet to take charge of SEBI and study the scenario.
On a SEBI report on the involvement of brokers in manipulating the market, he said "it is too premature to say anything as I am yet to assume office."
Damodaran was chairman of IDBI, which transformed itself from a financial institution to a commercial bank. Damodaran had pulled up the two institutions UTI and IDBI from financial crisis two-three years ago.
Before his appointment on Thursday, Damodaran had a meeting with Finance Minister P Chidambaram.
