Forum Views - December 2024
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This festive season, we are delighted to present a wealth of insights from experts across
the globe, aiming to enrich your knowledge and provide fresh perspectives on key
economic trends and industry practices. In this edition, we explore a diverse range of topics,
beginning with global perspectives on the role of Central Banks as Catalysts for Financial
Inclusion in Africa, and Iconic Women: Redefining Their Success and Market Value in the Digital
Age. We also take a closer look at The Next Chapter in India’s Financial Inclusion Journey.
Additionally, we dive into Essential Cybersecurity Practices for Modern Enterprises, the
importance of Strengthening Mobile App Security for Banking and Fintech by Adapting to RBI
DPSC Guidelines, and the core strategies and best practices for Investor Relations.
Additionally, we cover Escaping Debt Traps and Paths to Financial Freedom, The Power of
Personal Branding on LinkedIn for Financial Professionals, and IT Governance for Stock
Brokers, offering guidance on Cybersecurity and Compliance. Lastly, we reflect on The Joys of
Christmas, celebrating the spirit of unity and togetherness. We hope these articles inspire you,
spark new ideas, and add valuable perspectives to your understanding of today's rapidly
evolving financial landscape.
Economic and Market Overview: The global economy is currently navigating significant
volatility, with international events shaping the Indian market’s movements. The recent U.S.
presidential election has drawn to a close with Donald Trump’s victory, which brings a degree of
clarity after a period of uncertainty. The U.S. economy recorded a GDP growth of 2.8%—below
the projected 3.1%. In response, the Federal Reserve has adjusted its interest rates downward
by 25 basis points, bringing the Fed rate range to 4.5%-4.75%, signalling a cautious approach
toward sustaining economic growth.
In India, the economy remains resilient, though stock markets face pressures from global shifts.
October’s GST collection reached `1.87 lakh crore, a six-month high, indicating continued
economic strength. However, the Indian markets saw significant withdrawals by Foreign
Institutional Investors (FIIs), totalling `1,14,000 crore, marking the highest outflow since March
2020. Meanwhile, Foreign Portfolio Investors (FPIs) have invested `1.06 lakh crore in the debt
market this year, showcasing steady foreign interest in India’s debt segment.
Domestic confidence remains strong, with SIP (Systematic Investment Plan) inflows in mutual
funds hitting a record `24,509 crore in October, highlighting sustained retail investor trust.
Inflation is a growing concern, as October’s rate rose to 5.49% from 3.65%. The Reserve Bank of
India continues its cautious approach, closely monitoring inflation trends before making rate
adjustments.
We invite you to explore this edition and gain a comprehensive understanding of today’s
financial landscape.
FROM THE BBF SECRETARIAT
FORUM VIEWS, DECEMBER 2024 edition
From
to You...
BBF
FORUM VIEWS - DECEMBER 2024
Dr. Vispi Rusi Bhathena, PhD (h.c.)
Chief Executive Officer
Dr. V. Aditya Srinivas
Consultant
Wishing you a joyous
Christmas season with
warmth, laughter, and
cheer, and a New
Year of success and
happiness!
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