Topics Covered:
- Important aspects of governance, transparency and accountability, e-governance- applications, models, successes, limitations, and potential; citizens charters, transparency & accountability and institutional and other measures.
EASE (Enhanced Access and Service Excellence) reform index
What to study?
- For Prelims: EASE reform index- key indicators and related facts.
- For Mains: Significance and challenges highlighted by the report.
Context: Government’s EASE (Enhanced Access and Service Excellence) reform index has been released.
Key facts:
- EASE 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 digitisation.
Findings of the report:
- Punjab National Bank has topped the list. It is followed by Bank of Baroda, State Bank of India (SBI), and Oriental Bank of Commerce.
- The EASE Index report also noted PSU banks’ strengthening of the bad-loan recovery process, pointing to the success of the Insolvency and Bankruptcy Code (IBC) in fast-tracking the resolution process.
Sources: toi.
