Union Bank of India gets 3rd rank in PSB reforms
Union Bank of India has been ranked 3rd amongst 12 PSBs in Enhanced Access & Service Excellence (EASE) 4.0 Reforms Index for Q1FY22, as per the rank list released by Indian Banks’ Association (IBA)
image for illustrative purpose
Hyderabad Union Bank of India has been ranked 3rd amongst 12 PSBs in Enhanced Access & Service Excellence (EASE) 4.0 Reforms Index for Q1FY22, as per the rank list released by Indian Banks' Association (IBA). The bank has been actively adopting the reforms initiatives recommended under the EASE Agenda enabling it to retain the overall position of second Runner-up for three quarters since December 2020.
The bank also recorded stellar performance under four out of six themes in the agenda. It has been adjudged winner in the themes 'collaborating for synergistic outcomes' and 'Governance and outcome-centric HR' and bagged Runner-up positions in 'New age 24x7 Banking' and 'Tech-enabled ease of Banking' themes.
EASE is an initiative by the Department of Financial Services (DFS) as part of the PSB Reforms Agenda and is currently under its fourth iteration which focuses on collaborative banking and the digital transformation of the PSBs.
