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Live Blog: Finance Minister Nirmala Sitharaman to launch EASE 4.0

Aug 25, 2021, 03:08 pm
Live Blog: Finance Minister Nirmala Sitharaman to launch EASE 4.0
Live
Aug 25, 2021, 03:08 pm

Request to banks

Banks have been requested to interact with export promotion agencies, chambers of commerce, and industry to understand and address the requirement of exporters in a timely manner: Sitharaman

Aug 25, 2021, 02:55 pm

PSBs fundraising

PSBs are now raising their own resources after gaining investor confidence. Over Rs. 12,000 crore of fundraising is in the process: DFS Secretary.

Aug 25, 2021, 02:54 pm

Inflation

We have cut duties on edible oils and pulses to increase supply. Our estimation is that inflation will be in the 4-6% band: Revenue Secretary.

Aug 25, 2021, 02:52 pm

State-run insurance companies

Employees of state-run insurance companies need not fear; government understands their concerns: Sitharaman

Aug 25, 2021, 02:44 pm

Fintech sector

From inputs given by officers from Tax administration, it emerged that Banks need to understand the special requirements of Sunrise sector. e.g. Fintech, one such sector can provide technological help to banks as well as can benefit from help from the banking sector: Nirmala Sitharaman

Aug 25, 2021, 02:27 pm

Details of EASE 4.0

Finance Secretary Debashish Panda talked about the details and benefits of EASE 4.0.

Aug 25, 2021, 02:27 pm

Interaction with Federation of Indian Exporters Organization

Banks have been directed to interact regularly with the Federation of Indian Exporters Organization. This way, the exporters won't have to shuttle between various bankers, said Finance Minister.

Aug 25, 2021, 02:25 pm

Fintech requires assistance: Sitharaman

Fintech as a sector requires a lot of assistance, from the banks: Finance Minister Nirmala Sitharaman

Aug 25, 2021, 02:24 pm

Nirmala Sitharaman addresses press conference

Aug 25, 2021, 02:01 pm

Here are the winners

Canara Bank, Punjab National Bank, Indian Bank, Union Bank of India, Bank of Baroda, and State Bank of India win for clean and smart banking.

Aug 25, 2021, 02:00 pm

EASE 3.0 awards being given out

Aug 25, 2021, 01:46 pm

PSB Manthan

EASE 4.0 is part of the reforms agenda devised on the recommendations made at the PSB Manthan in November 2017. Senior management of PSBs and representatives from the government were involved in it.

Aug 25, 2021, 12:23 pm

EASE 3.0

EASE 3.0 was launched in February 2020 and sought to enhance ease of banking in all customer experiences, using technology, alternate data, and analytics.

Aug 25, 2021, 11:49 am

EASE focuses on six themes

EASE focuses on six themes of customer responsiveness, responsible banking, credit off take, PSBs as Udyami Mitra, deepening financial inclusion and digitalization, and developing personnel for brand PSB.

Aug 25, 2021, 11:02 am

EASE 1.0

The first edition of EASE 1.0 was launched in January 2018.

Aug 25, 2021, 10:35 am

What is EASE?

EASE is a common reform agenda for Public Sector Banks. Its purpose is to institutionalize clean and smart banking.

Aug 25, 2021, 10:32 am

EASE 4.0 launch today

Union Finance Minister Nirmala Sitharaman will launch EASE 4.0 today. She will also undertake an annual performance review of public sector banks.

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