All unbanked villages with population of more than 2000 persons, numbering around 74,000 are now connected with banks. iii. Number of BCs increased to 120,098 from 34,532.  iv. More than 70 million basic banking accounts have been opened to take the total number of such accounts to 147 million. v.  About 36 million people/families have been credit-linked.
In my remarks, I would like to focus on the increased importance of macroprudential policy for central banks, and elaborate on some of Pentti’s main insights. I want to raise three main points. My first point is that financial crises have always happened and will always happen. And they do not result from some exogenous, extreme event.