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

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

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

@bbfindia

/bbfindia

/Bsebrokersforum

/bbfindia

FORUM VIEWS - AUGUST 2023

Global

Insights

FROM TRADITIONAL TO

TECH-DRIVEN: AI'S

DISRUPTION OF PAYMENTS

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

Regulatory

Compliance

THE MESMERIZING WORLD OF RESIN ART

MANAGING HEART BURN, ACID REFLUX AND GERD

WITH AYURVEDIC DIET AND LIFESTYLE

Leadership,

Empowerment & Lifestyle

PAEDIATRIC AND ADOLESCENT

ENDOCRINOLOGY -

WHY IT MATTERS

Living

Health

Matters

SYNOPSIS ON FAILURE TO DEDUCT TDS

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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