The 24x7 electronic banking through alternate channels has put the spotlight on need for continuous, uninterrupted and reliable services which presuppose existence of a robust BCP/DR mechanism in banks. BCP/DR mechanism typically incorporates impact analysis, recovery and governance framework which includes communication and crisis management. Indian banks have strengthened their BCP/DR mechanism through technology implementation.
On the whole, constant asset holdings, the low key interest rates and enhanced communication will keep monetary policy on a very accommodative track even after the net purchases have ended. It should be noted here that the degree of monetary policy accommodation as measured by the real short-term interest rate has risen again in recent months.