CURRENT AFFAIRS

Detailed explanation-1: -According to the Indian Banks’ Association (IBA )’s report titled “EASE Reforms Index for the first quarter of FY23″(released on 10th November 2022), the State Bank of India(SBI) was adjudged as the Best Bank in adopting reforms prescribed for Public Sector Banks (PSB ).

Detailed explanation-2: -Mumbai – January 7, 2023: Union Bank of India retains its 2nd rank as per the report on EASE Reforms Index for Q2 FY 2022-23 published by Indian Banks’ Association (IBA).

Detailed explanation-3: -Mumbai, September 19, 2022: Bank of Baroda (Bank), one of India’s leading public sector banks, has been named the “Overall Top Performing Bank” in the EASE 4.0 Reforms Index for FY2021-22.

Detailed explanation-4: -State Bank of India, Bank of Baroda and Union Bank of India have won the awards for best performing banks for PSB Reforms EASE 3.0 based on the EASE index. Indian Bank won the award for the best improvement from the baseline performance.

Detailed explanation-5: -By : Neha Dhyani. Updated : Jun 9, 2022, 23:04. The EASE (Enhanced Access and Service Excellence) is a significant reform agenda for public sector banks that intends to improve banking.