k c chakrabarty : financial inclusion in india – journey so far and way forward keynote address by dr k c chakrabarty, deputy governor of the reserve bank of india, at the finance inclusion conclave, organised by cnbc tv 18, new delhi, 6 september 2013. * * * assistance provided by ms. sushma vij and ms. mruga paranjape, is gratefully acknowledged. 1. mr. m narendra, chairman, indian overseas bank ; mr. y m deosthalee, cmd, l & t finance ; mr. arun tiwari, ed, allahabad bank, ms. shereen bhan, managing editor, cnbc - tv18, delegates to the conclave ; friends from the media fraternity ; ladies and gentlemen! it is a pleasure for me to be present here today at the conclave organized by cnbc tv 18 on the very topical subject of financial inclusion. i am particularly happy that a business news channel which has built up a credible reputation for its reportage and analysis of the financial markets is taking this initiative to lend its voice to the needs and expectations of the unbanked and excluded, yet silent mass of our population. considering the power of the media and its unique ability to influence public opinion and generate awareness, there is immense potential for initiatives such as this to galvanize financial inclusion efforts in india. i heartily congratulate cnbc tv 18 for this creditable endeavor and hope that this is the first in a series of many such initiatives in the days to come. introduction 2. poverty and exclusion continue to dominate socio - economic and political discourse in india as they have done over the last six decades in the post - independence period. poverty reduction has been an important goal of development policy since the inception of planning in india. various anti - poverty, employment generation and basic services programmes have been in operation for decades in india. the ongoing reforms attach great importance to removal of poverty and to addressing the wide variations across states and the rural - urban divide. though the indian economy recorded impressive growth rates until recently, its impact has sadly not fully percolated to the lowest deciles. despite being one of the ten fastest growing economies of the world, india is still home to one - third of the world ’ s poor. further analysis shows that poverty is getting concentrated continuously in the poorer states. 3. in developing economies like ours, the banks, as mobilisers of

bostjan vasle : how can green finance and insurance secure a greener future? speech by mr bostjan vasle, governor of bank of slovenia, at the conference " how can green finance and insurance secure a greener future? ", organised by the britishslovenian chamber of commerce, ljubljana, 22 march 2024. * * * good morning, ladies and gentlemen, the topic we will discuss today is of an utmost importance, one that goes beyond traditional economic considerations, and delves into our collective responsibility for future generations. the atmosphere is gradually warming, and the economic damage from extreme weather events is increasing. over the past three years, europe has been hit particularly hard. in slovenia, the most recent experience are large - scale floods of last year. of additional concern is the fact that the vast majority of the damage is uninsured. which amplifies the problems. to mitigate climate change and its adverse impact, it is crucial, that we move forward globally in coordinated manner, as any delay will only intensify the magnitude of the challenges ahead. while designing appropriate policies lies primarily within the domain of governments, central banks and other institutions must also do our part, each within the framework of our mandates. the eu's objectives and framework, which guide and support our actions, are among the most comprehensive in the world and continue to evolve. let me now centre the attention to the role of central banks. climate change and related events affect the fulfilment of our key mandates of price and financial stability. firstly and related to our price stability mandate, green transition policies will put pressure on prices and could make it more challenging to maintain price stability. moreover, climate related shocks and disorderly green transition could hit financial institutions and reduce the flow of credit to the real economy, impairing the effectiveness of monetary policy measures. in the eurosystem and at banka slovenija we are incorporating these issues into our analyses of macroeconomic developments and the transmission of monetary policy. regarding the implementation of monetary policy, we have started de - carbonizing our corporate bond holdings and we are planning to limit the share of assets issued by entities with high emissions that can be used by banks as collateral in our credit operations. 1 / 3 bis - central bankers'speeches in terms of our own financial portfolio that is assets beyond the scope of monetary policy, we are systematically greening our portfolio, aiming for zero net emissions in the long term. secondly and related