Categories: Economy

Nirmala Sitharaman unveils Public Sector Bank Reforms Agenda (EASE 4.0)

Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman has unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22. The major theme for EASE 4.0 is “Technology-enabled, simplified, and collaborative banking.” EASE stands for Enhanced Access & Service Excellence (EASE).

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

What is the aim of EASE 4.0?

EASE 4.0 aims to further the agenda of customer-centric digital transformation and deeply embed digital and data into PSBs’ ways of working. EASE 4.0 sets the agenda and roadmap to transform all PSBs into digital-attacker banks working hand-in-hand with key constituents of the financial services ecosystem to offer industry-best customer experience.

Important Initiatives under EASE 4.0:

  • Smart Lending for Aspiring India
  • New Age 24×7 banking with resilient technology
  • Collaborative banking for synergistic outcomes
  • Tech-enabled Ease of Banking
  • Institutionalizing Prudent Banking
  • Governance and Outcome Centric HR

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Weekly Current Affairs One Liners 08th to 14th December 2025

Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in the competitive…

8 hours ago

Which Indian City is Known as the Footwear City?

India has many cities that are famous for their unique industries, and some of them…

1 day ago

Which Desert is known as the Cold Desert?

Some deserts are extremely hot, but some remain cold throughout the year. These cold deserts…

1 day ago

Top-10 News Media Companies in the World, Check the List

In today’s world, news media plays a very important role in sharing information quickly and…

1 day ago

PNB Housing Finance Appoints Ajai Kumar Shukla as New MD & CEO

PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…

1 day ago

Department of Posts and BSE Sign MoU to Expand Mutual Fund Access Across India

In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…

1 day ago