Ease Banking Reforms Index

  • IASbaba
  • September 12, 2020
  • 0
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Ease Banking Reforms Index

Part of: GS Prelims and GS-III – Banking; Economy

In news

  • Union Minister of Finance recently inaugurated Doorstep Banking Services by Public Sector Banks (PSBs).
  • Best performing banks on EASE Banking Reforms Index were also facilitated.

Key takeaways

  • Doorstep Banking Services are part of EASE Reforms.
  • It is envisaged to provide convenience of banking services to the customers at their doorstep through the universal touch points of Call Centre, Web Portal or Mobile App.
  • Customers can also track their service request through these channels. 
  • The services shall be rendered by the Doorstep Banking Agents deployed by the selected Service Providers at 100 centres across the country.
  • The services can be availed by customers of Public Sector Banks at nominal charges.

Important value additions

EASE 2.0 Banking Reforms Index

  • It is a common reform agenda for PSBs.
  • Aim: Institutionalizing clean and smart banking. 
  • Launched in: January 2018. 
  • PSBs have shown a healthy trajectory in their performance over four quarters since the launch of EASE 2.0 Reforms Agenda.
  • Top Performing Banks: (1) Bank of Baroda, (2) State Bank of India, (3) Oriental Bank of Commerce 
  • Top Improvers: (1) Bank of Maharashtra, (2) Central Bank of India, (3) Corporation Bank.

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