Union Minister of Finance and Corporate Affairs Nirmala Sitharaman unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda \u2018EASE 4.0\u2019 for 2021-22 – tech-enabled, simplified, and collaborative banking.<\/p>\n\n\n\n
She also unveiled the annual report for the PSB Reforms Agenda EASE 3.0 for 2020-21.<\/p>\n\n\n\n
Public Sector Banks have reported healthy profits and have accelerated on technology-driven reforms. These banks have reported a profit of Rs. 31,817 crore in FY21 as compared to a loss of Rs. 26,016 crore in FY20. This is the first year when PSBs have reported profit after five years of losses.<\/p>\n\n\n\n
Total gross non-performing assets stood at Rs. 6.16 lakh crore as of March 2021 – a reduction of Rs. 62,000 crore from March 2020 levels.<\/p>\n\n\n\n
Credit@click was a flagship initiative under EASE 3.0. Nearly 4.4 lakh customers have been benefitted through such instantaneous and simplified credit access.<\/p>\n\n\n\n
Nearly 72% of financial transactions happening at PSBs is now happening through digital channels.<\/p>\n\n\n\n
The next edition of EASE reforms i.e. EASE 4.0 aims to further the agenda of customer-centric digital transformation and deeply embed digital and data into PSBs’ ways of working.<\/p>\n","protected":false},"excerpt":{"rendered":"
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda \u2018EASE 4.0\u2019 for 2021-22 – tech-enabled, simplified, and collaborative banking. Daily Current Affairs Quiz 2021 She also unveiled the annual report for the PSB Reforms Agenda EASE 3.0 for 2020-21. Public Sector Banks have […]<\/p>\n","protected":false},"author":404,"featured_media":50820,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1415],"tags":[865],"offerexpiration":[],"class_list":["post-50819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-august-2021","tag-ministry-of-finance"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/50819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=50819"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/50819\/revisions"}],"predecessor-version":[{"id":50821,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/50819\/revisions\/50821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/50820"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=50819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=50819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=50819"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=50819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}