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Union Bank of India ranks 3rd in EASE reforms
Posted on December 29, 2021
- The adoption of sound lending practices and a credit monitoring and recovery mechanism was the highlight of the Bank’s performance in the second quarter of FY21-22.
Calcutta : Union Bank of India ranked 3rd in the index released for the second quarter of fiscal year 2021-22 according to the EASE Reform Index report released by the Association of Indian Banks (IBA). Union Bank has made steady progress to earn this honor for four consecutive quarters.
The Union Bank of India has always been successful in areas related to governance and human resources. With the adoption of sound lending practices and a credit monitoring and recovery mechanism, the Bank set the benchmark under the theme “Institutionalize Prudent Banking”. Union Bank continued its first quarter momentum with exceptional achievements in the areas of “Collaboration for Synergistic Results”, “New Era of 24 × 7 Banking” and “Ease of Banking Through Technology”.
Improving Access and Service Excellence (EASE) is a DFS initiative as part of the PSB reform agenda and is currently in its fourth iteration which focuses on collaborative banking and digital transformation of PSBs.