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Forum Views - April 2023

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FORUM VIEWS - APRIL 2023

Dear Readers,

Bombay Stock Exchange Brokers’ Forum (BBF)

2022 has been a year of far-reaching significance for the development

of our country. Amid the turmoil of the international financial markets

and slow economic recovery around the world, India has maintained

its rapid economic growth, deepened reforms in various areas and

improved profitability for enterprises. It also led the world in attracting

foreign direct investments, which demonstrated the strong desirability

of India’s economic growth.

The year 2023 for the Indian Capital Markets industry is passing

through a phase that is both challenging and exciting. There are robust

growth opportunities for various business verticals. The regulatory

measures put in place over the last few years have led to a substantial

improvement in compliance parameters and are laying foundation for

new opportunities for the Trading Members fraternity.

We believe that uncertainties can offer much opportunity to propel

forward, and our success today is the result of us becoming much

more agile as an association. We have been leveraging our

understanding of our members towards innovative business offerings

and supporting in strengthening the various compliance policies and

procedures.

Strength and growth come only through continuous effort and

struggle. BBF is known for being stringent, pragmatic, prudent,

trustworthy, and innovative; we are confident that with our clear

strategic focus, enhanced execution, and efficient team, we shall

continue to deliver results for our Members in the future. We at BBF are

optimistic and high-spirited in confronting the new challenges, and we

shall seize the opportunities and work earnestly to compose the

glorious new chapters in the transformation of our Member fraternity in

particular and for the overall growth of the Indian Capital Markets.

I’m inspired by the incredible work showcased in this publication. This

edition pays tribute to the “WOMEN” - a force to be reckoned with and

the glue that holds generations together. This power-packed

compilation is getting circulated across policymakers and the

entrepreneurial ecosystem around the world; it is not a conclusive list -

it is an effort narrative, sharing the perspectives of these Global

Women Entrepreneurs, Founders, and Heads. I extend my sincere

gratitude to all the contributors of this edition.

We would like to take this opportunity to acknowledge the many

contributions, dedication, and commitment of all our members, which

makes BBF so successful. Our sincere appreciation to the regulators,

market infrastructure institutions, and government authorities; many

thanks for all the support that they continue to extend.

Finally, I thank the BBF Governing Board Members for their

wholehearted interest, faith, and encouragement through the years

and look forward to their continued support.

Yours sincerely,

Lalit Mundra

We would like to take

this opportunity to

acknowledge the

many contributions,

dedication, and

commitment of all our

members, which

makes BBF so

successful. Our

sincere appreciation

to the regulators,

market infrastructure

institutions, and

government

authorities; many

thanks for all the

support that they

continue to extend.

Chairman’s

MESSAGE

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