From UPSC perspective, the following things are important :
Prelims level : EASE Banking Reforms Index
Mains level : Banking sector reforms
Union Minister of Finance & Corporate Affairs has felicitated best performing banks on EASE Banking Reforms Index.
Note the various themes under which the index works.
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.
Various themes and performance by the states