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With reference to the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22, consider the following statements:
1. Credit@click was a flagship initiative under EASE 3.0. and nearly 4.4 lakh customers have been benefitted through such instantaneous and simplified credit access.
2. EASE 4.0 aims to further the agenda of customer-centric digital transformation and deeply embed digital and data into PSBs' ways of working.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the Public Sector Bank (PSB) Reforms Agenda ‘E...
Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22 - tech-enabled, simplified, and collaborative banking.
  • She also unveiled the annual report for the PSB Reforms Agenda EASE 3.0 for 2020-21.
  • Public Sector Banks have reported healthy profits and have accelerated on technology-driven reforms. These banks have reported a profit of Rs. 31,817 crore in FY21 as compared to a loss of Rs. 26,016 crore in FY20. This is the first year when PSBs have reported profit after five years of losses.
  • Total gross non-performing assets stood at Rs. 6.16 lakh crore as of March 2021 - a reduction of Rs. 62,000 crore from March 2020 levels.
  • Credit@click was a flagship initiative under EASE 3.0. Nearly 4.4 lakh customers have been benefitted through such instantaneous and simplified credit access.
  • Nearly 72% of financial transactions happening at PSBs is now happening through digital channels.
  • The next edition of EASE reforms i.e. EASE 4.0 aims to further the agenda of customer-centric digital transformation and deeply embed digital and data into PSBs' ways of working.
  • Hence both statements are correct.
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With reference to the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22, consider the following statements:1. Credit@click was a flagship initiative under EASE 3.0. and nearly 4.4 lakh customers have been benefitted through such instantaneous and simplified credit access.2. EASE 4.0 aims to further the agenda of customer-centric digital transformation and deeply embed digital and data into PSBs ways of working.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22, consider the following statements:1. Credit@click was a flagship initiative under EASE 3.0. and nearly 4.4 lakh customers have been benefitted through such instantaneous and simplified credit access.2. EASE 4.0 aims to further the agenda of customer-centric digital transformation and deeply embed digital and data into PSBs ways of working.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22, consider the following statements:1. Credit@click was a flagship initiative under EASE 3.0. and nearly 4.4 lakh customers have been benefitted through such instantaneous and simplified credit access.2. EASE 4.0 aims to further the agenda of customer-centric digital transformation and deeply embed digital and data into PSBs ways of working.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22, consider the following statements:1. Credit@click was a flagship initiative under EASE 3.0. and nearly 4.4 lakh customers have been benefitted through such instantaneous and simplified credit access.2. EASE 4.0 aims to further the agenda of customer-centric digital transformation and deeply embed digital and data into PSBs ways of working.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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