Thus, credit risk, market risk and operations risk can be measured, simulated and controlled using these systems. Alternate Channel (TV Banking): Today, it is imperative to reach Banking services to the maximum number of households and television is an ubiquitous medium in today’s households. TV Banking empowers TV viewers to access banking product/service information at the touch of a button.
The idea was, broadly speaking, twofold: to trigger a repricing of the expected future path of short-term interest rates by “breaking through” the zero lower bound and to encourage banks to provide more credit to the economy. Empirical evidence suggests that negative rates ultimately delivered on both objectives.