2019
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Bank of Baroda
|
|
|
Syndicate Bank
|
|
|
Canara Bank
|
|
|
Punjab National Bank
|
Detailed explanation-1: -Bank of Baroda received the first prize among PSBs for the best overall performance on PSB Reforms EASE Agenda 4.0. State Bank of India and Canara Bank were ranked second and third respectively and were also felicitated by the Finance Minister.
Detailed explanation-2: -Though this process took place in 1969 with the president’s approval. In 1991, P. V. Narasimha Rao introduced Liberalisation, Privatisation, and Globalisation Policy. This led to the addition of Global banks in the country.
Detailed explanation-3: -Enhanced Access & Service Excellence (EASE) is an initiative by the DFS as part of the PSB Reforms Agenda and under its fourth iteration, wherein focus remained on transforming PSBs into Digital and Data-driven Banks through Tech-enabled Simplified and Collaborative Banking.
Detailed explanation-4: -The performance of PSBs is measured on five themes under EASE 5.0, in which, Union Bank of India has set the benchmark under the two themes i.e., ‘Modern Technology Capabilities’ and ‘Employee Development and Governance’.