Newsletter December 2022



MESSAGE FROM THE BOARD

From the Virtual to the Phygital: Emerging from the Pandemic induced Lockdown

Society Updates
Rajendra Kalur, CFA

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If I am asked as to what could be an apt leit-motif for the year, I will describe it as “Re-connect, Re-engage & Re-build”.  This is not to say that the years during lockdown were lost...

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COVER STORY 1

Green Shoots in Municipal Bonds Market

Fixed Income
K. Subalakshmi

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Indore municipal corporation has just announced a Rs. 244 crore green bond to part fund a solar power project in the city. Further, the bond will invite retail participation, bringing green bonds into the retail discourse...

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COVER STORY 2

International Trade: Connected Yet Fragmented

International Trade
Mihir Shirgaonkar, CFA

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The Global Financial Crisis of 2008 was a turning point for international trade. The extreme stress on global financial markets and banking systems caused by the subprime meltdown dealt a massive blow to the...

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EXPRESS

“Person of the Year 2022”

Perspective

Navneet Munot, CFA

I thought of Vinice Mabansag, the baby from Manila, the symbolic 8th billion human born this year. Our race has doubled in the last 50 years while the wildlife population has nearly halved in this same period! As we expand...


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Manufacturing – Theme for the Next Decade- Opportunities and Challenges

Manufacturing

Vaibhav Agarwal, CFA

Manufacturing has been the Achilles Heel for India for the last many decades. The percentage share of manufacturing in overall GDP has always remained in the mid-teens. Countries like China and South Korea...


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The Global ‘INTEREST’ in Inflation

Inflation

Nishit Vyas, CFA

The most striking feature of economic policy-making in 2022 had been the volte-face by central banks globally. The broad tonality has changed sharply from accomodative to ‘sufficiently restrictive’ and fueling growth...


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How Disclosure Can Help You Get the Most Out of Your Health Insurance

Health Insurance

Sreyansh Banthia, CFA, FRM

Did you know that only 3% of people read their insurance policy documents? When was the last time you sat with your parents and reviewed their health insurance policy?...


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IN CONVERSATION WITH

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Dr. Monika Chopra, CFA

Women-in-finance

Interviewed by Srividhya Venkatesan, CFA

Globally, women in the financial services sector are said to hold only 21% of board seats, 19% of C-suite roles, and 5% held CEO positions. Organizations globally recognize this disparity and are initiating actions to increase...

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Sandeep Gupta, CFA, CIPM

Career

Interviewed by Parvez Abbas, CFA

I am immensely grateful to the CFA community for the trust evinced and the opportunity to volunteer as a Director for CFA Society India. Being a volunteer is a very important part of the overall value I derive from my CFA Charter...

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SELECTED READINGS BY MANISH GVALANI, CFA

Rare Skills - Three rare and powerful skills

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The Depths She’ll Reach - She Dove to Escape Grief - And Became One.....

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Envy Is the Cancer of the Soul

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BOOK RECOMMENDATIONS BY PARIJAT GARG, CFA

My all-time favorite books And books that have shaped my life

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INSIGHTS FROM SOCIETY EVENTS

Meet the Market Masters – Govind Parikh

Contributed By

Vijayanand Venkataraman, CFA

Read summary here... 

Library of Mistakes : Case Studies & Antidotes with Puneet Khurana, CFA

Contributed By

Ajay Minocha, CFA

Read summary here... 

Technical Analysis for Investors with Nooresh Merani

Contributed By

Ajay Minocha, CFA

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#6th VIPS – In Pursuit of Alpha by Roshi Jain

Contributed by

Swetha Rakhecha, CFA

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#6th VIPS 2022 – In conversation with Mr. Vallabh Bhanshali

Contribution by

Ajay Minocha, CFA

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#5th FINTECH – Navigating the New Digital Lending Rules: Impact on BNPL by Nitin Gupta

Contribution by

Nilesh Saha, CFA

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#5th FINTECH – Neobanking in the Indian Context: Pushing Global Frontiers in Innovation by Raghunandan G

Contributed by

Pranav Bhavsar

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#4th IFIS 2022 – India Macro Outlook – A reality check by Prasanna Ananthasubramanian

Contributed by

Vijayanand Venkataraman, CFA

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#4th IFIS – Geopolitics and Interest Rates by Zoltan Pozsar

Contributed by

Senthil ManiKandan K

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#4th IFIS – Performing Credit – A New Alternative Asset Class?

Contributed by

Madhusudan Chandarasekaran, CFA

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#4th IFIS – Indian Bond Markets – Travel through time by Mahalingam Gurumoorthy

Contributed by

Sreemant Dudhoria, CFA

Read summary here...