Publication: NDTV Profit

Social enterprises will have to conform to much higher standards of reporting than they are conventionally used to.

Read more at: https://www.bqprime.com/opinion/a-social-stock-exchange-for-india
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he current approach is making NBFCs safer but requiring banks to become riskier, write Nachiket Mor and Dwijaraj Bhattacharya.

Read more at: https://www.ndtvprofit.com/bq-blue-exclusive/expanding-access-to-bank-credit-by-building-the-nbfc-periphery
Copyright © NDTV Profit

The best banks are boring banks, whose strength is in the maturity of their processes for managing capital, writes Nachiket Mor.

Banks in India will need to work hard to build a well-functioning ‘internal market’, which at the moment is quite broken.

Reforms to PSL can have tremendous impact both on regional/sectoral development as well as improving the quality of bank assets.

In this series of columns, members of a drafting team on the Working Group report on Social Stock Exchange detail important recommendations.

The Social Stock Exchange is envisioned as the venue that will originate pertinent funding structures for NPOs. One of the main hurdles that non-profit organisations (NPOs) face in securing financing from a wide variety of sources is the lack of robust information about their activities. To mitigate this problem, the establishment of a Social Stock Exchange (SSE) will prompt all NPOs that access capital through it, to submit to a minimum reporting standard.

A common minimum reporting standard has been recommended for all fundraising activity through the proposed Social Stock Exchange.

The goal cannot be eliminating all MSME failure as we simply don’t have the resources to provide that magnitude of a backstop.

Our society operates on the basis of trust. We use this trust every day. To build friendships, to buy and sell things, to vote, to claim protection and benefits from the State when they are due.