Union Minister of Finance & Corporate Affairs has felicitated best performing banks on EASE Banking Reforms Index.
EASE Banking Reforms Index
- EASE stands for ‘Enhanced Access and Service Excellence’. The index is prepared by the Indian Banking Association (IBA) and Boston Consulting Group.
- It is commissioned by the Finance Ministry.
- It is a framework that was adopted last year to strengthen public sector banks and rank them on metrics such as responsible banking, financial inclusion, credit offtake and digitization.
- EASE Banking Reforms Index 2.0, Bank of Baroda has been placed at the first spot. State Bank of India and Oriental Bank of Commerce (OBC) got the 2nd and 3rd place respectively.