he Union Bank of India bagged three awards for successfully implementing reforms under the following themes in EASE 4.0 during financial year 2021-22. It emerged as the winner in the governance and outcome centric HR category; the second runner up in the new age 24*7 banking with resilient technology category; and as the second runner up in the collaborating for synergistic outcomes category.
The EASE 4.0 award ceremony was chaired by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman and the awards were given by the Union Minister of State for Finance, Bhagwat Kishanrao Karad. The event was organized by IBA in Mumbai.
he Enhanced Access & Service Excellence (EASE) is an initiative by the DFS as part of the PSB Reforms Agenda and under its fourth iteration, wherein focus remained on transforming PSBs into Digital and Data-driven Banks through Tech-enabled Simplified and Collaborative Banking. The Union Bank of India has been consistently ranking among the top three performers under various themes over the years for effectively implementing reform measures.