business
What is EASE 4.0?
Sep 19, 04:09
Enhanced Access and Service Excellence (EASE) 4.0 is a government reform for public sector banks (PSBs) to facilitate smart banking. The reforms under EASE 4.0 pertain to co-lending with non-banking finance companies, digital, agriculture financing, and technological resilience for 24 X 7 banking. A huge focus is also given to data analytics, automation, and digitisation. Based on the adherence to norms, the EASE index measures the performance of each state-run bank on more than 135 objective metrics across five themes. It provides all PSBs with a comparative evaluation showing where banks stand on the basis of the benchmarks and among their peers on the reforms agenda.
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