Forum Views - August 2023
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BOMBAY STOCK EXCHANGE BROKERS' FORUM (BBF) | MUMBAI, INDIA
AUGUST 2023 | VOLUME: 12 • ISSUE NO. 5 •
BHARAT
MELAG
JOTI
BALANI
NAUSHEEN
I. CHEN
DAWN
METCALFE
MEHROO
(MISTRY)
TUREL
NEHA
SINGH
PAYAL
GUPTA
MALAY
DAMANIA
PREETI
AHUJA
FROM TRADITIONAL TO
TECH-DRIVEN: AI'S
DISRUPTION OF PAYMENTS
HOPE AND FEAR AT THE
INTERSECTION OF AI, MONEY
AND ESG: IMPACT IN INDIA
5 HABITS THAT DESTROY
CREDIBILITY WHEN YOU
SPEAK AT WORK
HOW TO HANDLE DIFFICULT
CONVERSATIONS
SELF-AWARENESS IS THE
FOUNDATION OF A POWERFUL
PERSONAL BRAND
EVERY WOMAN'S 5-STEP GUIDE
TO FINANCIAL FREEDOM
DEMYSTIFYING EMPLOYEE
STOCK OPTION PLANS IN INDIA:
A COMPREHENSIVE GUIDE FOR
LISTED COMPANIES
GET YOUR ACCOUNTABILITY
PARTNER AND BOOST
YOUR PRODUCTIVITY!
DIVERSITY EQUITY AND
INCLUSION (DEI) IS A
BUSINESS IMPERATIVE
SEBI'S WEBSITE MANDATE: A COMPREHENSIVE
GUIDE TO STOCKBROKER WEBSITES FOR
ENHANCED INVESTOR TRANSPARENCY
SEBI STRENTHENS AND INTRODUCES
OBJECTIVITY TO THE DISCLOUSRE REGIME
MANAGING HEART BURN,
ACID REFLUX AND GERD
THE MESMERIZING WORLD
OF RESIN ART
E-VOTING – CAST YOUR VOTE ON CORPORATE RESOLUTIONS
HOW TO CREATE A CULTURE
OF ACKNOWLEDGMENT
FORUM VIEWS - AUGUST 2023
FORUM VIEWS - AUGUST 2023
EXECUTIVE COMMITTEE
GOVERNING BOARD MEMBERS
BOMBAY STOCK EXCHANGE BROKERS’ FORUM (BBF)
GOVERNING BOARD 2022 - 23
Anup Gupta
Sykes & Ray
Equities India Ltd.
Cyrus Khambata
Paytm
Money Ltd.
Madhavi Vora
ULJK Securities
Pvt. Ltd.
Naresh Rana
Vishwas Fincap
Services Pvt. Ltd.
Neeraj Choksi
NJ India
Invest Pvt. Ltd.
Nirav Gandhi
JM Financial
Services Ltd.
Nithin Kamath
Zerodha
Securities Pvt. Ltd.
Ajit Sanghvi
MSS Securities
Pvt. Ltd.
Parth Nyati
Swastika
Investmart Ltd.
S. P. Toshniwal
Sunlight
Broking LLP
HEMANT MAJETHIA
Vice Chairman | BBF
Ventura
Securities Ltd.
LALIT MUNDRA
Chairman | BBF
Suresh Rathi
Securities Pvt. Ltd.
HARIN MEHTA
Treasurer | BBF
M/S. V. C.
Mehta
KUSHAL A. SHAH
Jt. Secretary | BBF
Ratnakar
Securities Pvt. Ltd.
KISHOR KANSAGRA
Secretary | BBF
Pragya
Securities Pvt. Ltd.
Anurag Bansal
SMC Global
Securities Ltd.
Ashish Rathi
HDFC
Securities Ltd.
Dr. Pravin Bathe
Angel One Ltd.
Purav Fozdar
Axiom Share
Broking Pvt. Ltd.
Vivek Gupta
GEPL Capital
Pvt. Ltd.
Virender Mansukhani
Mansukh Securities
and Finance Ltd.
Uttam Bagri
BCB Brokerage
Pvt. Ltd.
Tejas Khoday
Fyers Securities
Pvt. Ltd.
Saurabh Jain
SSJ Finance &
Securities Pvt. Ltd.
Roopkishor Bhootra
Anand Rathi Shares &
Stock Brokers Ltd.
Santosh Jayaram
GROWW
FORUM VIEWS - AUGUST 2023
FORUM VIEWS - AUGUST 2023
Dr. Vispi Rusi Bhathena, PhD (h.c.)
Chief Executive Officer
Dr. V. Aditya Srinivas
Chief Operating Officer
and Chief Economist
FORUM VIEWS, AUGUST 2023 edition
The Indian stock markets scaled to all time high on the back of strong foreign institutional buying,
and the strong economic data supporting the market sentiments. The FIIs have invested more than
INR 32,000 crores in the month of June 2023 and in the month of July till the 11th they invested INR
22,000 crores; this has made the market to touch at all-time high. Even the domestic investors
seem to be taking part in the rally as the SIP amount has been consistent to INR 14,700 crores
which shows the confidence of retail investors in the India growth story.
F R O M
THE
BBF SECRETARIAT
The total AUM of the
the retail investors in the long-term growth story of India is quite visible from the fact the way SIP
flows are coming into the markets.
The lowering of inflation and sentiments that rate cut could start at the end of this year has send
positive vibes for the global stock markets. The GST collection for the month of June had again
been robust with more than INR 1.5 lac crores.
Consumer Price Index (CPI) data has slightly increased to 4.81% from 4.25% but which is still less
than the target zone of 6% of RBI. The Index of Industrial Production (IIP) data has improved from
4.2% to 5.2% which shows that the manufacturing activity is rising, and economy is gaining further
momentum.
At the global level also, the Indian economy is the silver line with GDP growth of 6.1% while the
world average is around 2.2% GDP and the US economy growing at 1.3% GDP. This indicates that
the world will witness the growth story of India with the economy gaining close to $ 3.75 Trillion.
Indian Mutual Fund industry has touched INR 44 lac crores. The confidence of
From
to You...
BBF
FORUM VIEWS - AUGUST 2023
On the BBF front:
Day/ Date
Interactive webinar(s) on
Upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members
(CMs) to Clearing Corporations (CCs)
Monday, 3rd July 2023
BBF conducted OVER 30 SEMINARS towards investor
education and awareness initiatives which were attended
by MORE THAN 1600 participants.
FORUM VIEWS - AUGUST 2023
Disclaimer: This magazine is meant for information purposes only and does not constitute any opinion or guidelines or recommendation on any course of action to be followed by the reader(s). It is not intended to be used as trading or
investment advice by anybody and should not in any way be treated as a recommendation. The information contained in this magazine does not constitute or form part of and should not be construed as, any offer for purchase or sale of
any product or service. While the information in the magazine has been compiled from sources believed to be reliable and in good faith, readers may note that the contents thereof including text, graphics, links or other items are
provided without warranties of any kind. Bombay Stock Exchange Brokers' Forum (BBF) expressly disclaims any warranty as to the accuracy, correctness, reliability, timeliness, merchantability or fitness for any particular purpose, of
this magazine. Bombay Stock Exchange Brokers' Forum (BBF) shall also not be liable for any damage or loss of any kind, howsoever caused as a result (direct or indirect) of the use of the information or data contained in this magazine.
Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of this magazine or any part thereof without prior consent of Bombay Stock Exchange Brokers' Forum (BBF) is prohibited.
Concept, production and editorial: Dr. VISPI RUSI BHATHENA, PhD (h.c.)
Editor: Dr. V. ADITYA SRINIVAS
Design & Layout: HARSHAD GAJERA
Printer: KSHITIJ PRINTERS, 49, Parsi Panchayat Road, Ashok Ind. Estate, 1st Floor,
Andheri (East), Mumbai - 400 069
Write to us: We would be happy to hear from you! Do send in your suggestions, feedback and comments
via email to team@brokersforumofindia.com | Visit us: www.brokersforumofindia.com
BBF Steering Committee
(Chairman)
(Vice-Chairman)
(Secretary)
(Treasurer)
(Jt. Secretary)
Lalit Mundra
Hemant Majethia
Kishor Kansagra
Harin Mehta
Kushal A. Shah
Follow us on:
@bbfindia
/bbfindia
/Bsebrokersforum
/bbfindia
FORUM VIEWS - AUGUST 2023
10
Global
Insights
FROM TRADITIONAL TO
TECH-DRIVEN: AI'S
DISRUPTION OF PAYMENTS
23
Your
Questions
Answered
e-VOTING - CAST YOUR VOTE
ON CORPORATE RESOLUTIONS
SEBI'S WEBSITE MANDATE:
A COMPREHENSIVE GUIDE TO
STOCKBROKER WEBSITES FOR ENHANCED
INVESTOR TRANSPARENCY
ALTERNATIVE INVESTMENT FUNDS
IN INDIA (RECENT AMENDMENTS)
SEBI STRENGTHENS AND INTRODUCES
OBJECTIVITY TO THE DISCLOSURE REGIME
HOPE AND FEAR AT THE INTERSECTION
OF AI, MONEY AND ESG: IMPACT IN INDIA
5 HABITS THAT DESTROY CREDIBILITY
WHEN YOU SPEAK AT WORK
HOW TO HANDLE DIFFICULT
CONVERSATIONS
SELF-AWARENESS IS THE FOUNDATION
OF A POWERFUL PERSONAL BRAND
HOW TO CREATE A
CULTURE OF ACKNOWLEDGMENT
32 Insights
DEMYSTIFYING EMPLOYEE STOCK OPTION PLANS IN INDIA:
A COMPREHENSIVE GUIDE FOR LISTED COMPANIES
EVERY WOMAN’S 5-STEP GUIDE TO FINANCIAL FREEDOM
37 Feature
GET YOUR ACCOUNTABILITY PARTNER AND BOOST
YOUR PRODUCTIVITY!
DIVERSITY EQUITY AND INCLUSION (DEI) IS
A BUSINESS IMPERATIVE
SYNOPSIS ON FAILURE TO DEDUCT TDS
COMPLIANCE CALENDAR
44
Regulatory
Compliance
THE MESMERIZING WORLD OF RESIN ART
MANAGING HEART BURN, ACID REFLUX AND GERD
WITH AYURVEDIC DIET AND LIFESTYLE
Leadership,
Empowerment & Lifestyle
45
PAEDIATRIC AND ADOLESCENT
ENDOCRINOLOGY -
WHY IT MATTERS
50
Living
Health
Matters
SYNOPSIS ON FAILURE TO DEDUCT TDS
FORUM VIEWS - AUGUST 2023
10
FORUM VIEWS - AUGUST 2023
II.
AI-Powered Fraud Detection and Prevention
One of the most significant advantages of AI in payments is
its ability to detect and prevent fraudulent transactions. By
analyzing patterns, AI algorithms can identify suspicious
activities with a high degree of accuracy, helping
businesses mitigate the risk of financial losses. In the
recent past, I have witnessed the impact of AI in
combating fraud, leveraging sophisticated algorithms to
identify and block fraudulent transactions swiftly. This has
not only saved companies substantial amounts of money
but has also bolstered consumer trust in digital payment
systems.
FROM TRADITIONAL TO TECH-DRIVEN:
AI'S DISRUPTION OF PAYMENTS
Bharat Melag
Senior Director, Token Requestor
Services and Experiences
Visa
III. Personalized Customer Experiences
IV. AI-driven Payment Innovation
AI is revolutionizing the way businesses interact with
customers by enabling personalized payment
experiences. By leveraging customer data, AI algorithms
can tailor offers, recommendations, and rewards to
individual preferences. This level of personalization
enhances customer engagement and loyalty, driving
increased transaction volumes. As a product leader, I have
witnessed firsthand the positive impact of AI-powered
personalization in payments, where customized offers
based on user behavior have significantly boosted
customer satisfaction and spending.
AI technologies are driving remarkable innovation in
payment methods. By harnessing AI’s capabilities, we
In today's rapidly evolving
technological landscape, artificial
intelligence (AI) has emerged as a
p o w e r f u l f o r c e d r i v i n g
transformation across industries.
Among the sectors witnessing
significant disruption is payments.
As digital transactions become the
norm, AI is reshaping the way we
conduct financial exchanges,
offering a wide range of benefits in
terms of efficiency, security, and
customer experience.
(San Francisco Bay Area)
Global Insights
Global Platform Products
Introduction
I. The Rise of AI in the Payments Industry
In today’s rapidly evolving technological landscape,
artificial intelligence (AI) has emerged as a powerful force
driving transformation across industries. Among the
sectors witnessing significant disruption is payments. As
digital transactions become the norm, AI is reshaping the
way we conduct financial exchanges, offering a wide range
of benefits in terms of efficiency, security, and customer
experience. Drawing upon my 20 years of experience in the
payments industry, along with my current role in Visa Token
Services, I will explore in detail the ways in which AI is
revolutionizing the world of payments.
The proliferation of digital payments, coupled with the need
for advanced technologies, has paved the way for the
widespread adoption of AI in the payments industry. AI
algorithms and machine learning models have the
capability to process massive volumes of data in real-time,
empowering businesses to make faster and more informed
decisions. This has resulted in streamlined operations,
reduced costs, and enhanced fraud detection capabilities.
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