a disclosure framework on climate - related financial risks in 2024 which envisages climate - related disclosures. the government of india has also been issuing sovereign green bonds. these developments are defining milestones in the dicgc's journey of six decades. under its " paybox plus " mandate, the corporation is authorised to make interim payment of claims within a stipulated timeline to depositors of banks placed under restrictions on deposit withdrawals ( even before liquidation or amalgamation ). as on march 31, 2024 interim payments were made to 376, 661 depositors amounting to 5359 crores ( approximately usd 640 million ). the dicgc's coverage includes 1997 banks comprising 140 commercial banks and 1, 857 cooperative banks – the largest number of deposit - taking institutions covered by deposit insurance in the world, second only to the us. currently, the deposit insurance coverage limit ( 500, 000 or approximately usd 6, 000 ), fully protects 97. 8 per cent of deposit accounts and 43. 1 per cent of deposit value. in the context of the emerging challenges, the dicgc is prioritising risk management, including contingency planning and crisis management frameworks. digital transformation of all operations is underway. public awareness campaigns are being refashioned and stepped up. work on esg policy is being prioritised alongside a strong focus on climate risk. the global financial landscape is changing rapidly. for deposit insurers and other financial safety net participants, it is a race to stay ahead of the curve amidst these tectonic shifts. i am sure that your deliberations over the next two days will enhance our collective understanding of the emerging challenges so that we adapt, prepare and remain relevant and meaningful in inspiring public confidence and preserving financial stability. i wish the conference all success. 5 / 6 bis - central bankers'speeches thank you. valuable comments received from anup kumar, kirtan singh ningwal, dhaval sanghvi, ishan katyal, prithviraj harish, shobhit agarwal, arun vishnu kumar and editorial help from vineet kumar srivastava are gratefully acknowledged. 1 https : / / www. bis. org / about / bisih / topics / fmis / nexus. htm 2 https : / / www. bis. org / publ / work1178. htm 3 https : / / www. bis. org / publ / bisbu

times like these, when a strengthening of its role is absolutely necessary. concluding remarks let me summarize my main messages : europe is setting standards with respect to macroprudential policy. germany is about to implement national macroprudential oversight. macro analysts are entitled to receive all relevant information in order to be able to deliver early warnings and clear recommendations. statistics are the most important means for macrofinancial analysts to meet their information needs. micro and macro data should be happily married. a two - eyed approach is needed : single entity and consolidated data are equally important. enlightening the shadow banking system and the insurance sector requires our special attention. bis central bankers ’ speeches there is no alternative to good partnership, between statistical institutions and systems. politicians should back our work. at the end of the day, there can be no question that macroprudential surveillance is dependent on a solid statistical groundwork. on the basis of the discussed prerequisites, priorities and principles, i am confident that we will master the future of macroprudential statistics. thank you for your attention. bis central bankers ’ speeches