BIS central bankers’ speeches  5  potential business model because of the huge untapped market that it seeks to bring into the fold of banking services. In India almost halh the country is unbanked. Of the 6 lakh villages in India, the total number of villages with banking services stands at less than 1 lakh villages as at end March 2011.
2/5  BIS - Central bankers' speeches  To scale up transition finance, there is a need for greater clarity and harmonisation across transition-plan frameworks. To allow informed investment decisions, transition plans ought to be broadly comparable around the globe. In this respect, the work of the International Sustainability Standards Board (ISSB) is crucial.