In conclusion of this section, let me also add that the Reserve Bank looks forward to more active play in the Saving Bank segment with banks coming out with some customer friendly innovations especially aimed at attracting low income households, presently outside the banking sector. Liberalization of the branch authorization policy 38. The fifth and last issue is Liberalization of the Branch Authorization Policy.
Climate-related events and disasters like these present physical risks to the financial sector. And they are of course extremely costly: Insured losses have risen five-fold in the past three decades due to extreme weather. Heatwaves and other natural disasters have a drastic impact on human health. Life and health insurers face mounting claims.