Union Bank of India secures 2nd Rank in EASE reforms

Union Bank of India is ranked 2nd as per the report on EASE Reforms Index for Q1 FY 2022-23 by Indian Banks' Association (IBA). Union Bank of India is the 2nd Best Bank in adopting reforms prescribed for Public Sector Banks.

Union Bank of India has been doing well in areas related to enabling various digital journeys for customer convenience, upgrading analytics & big data capabilities for personalized offerings & proactive reach out to customers, adopting modern technology capabilities for integrated banking experience, collaborative banking for higher efficiency, employee development and better governance measures resulted in Bank improving its rank up by two notches.

The performance of PSBs is measured on five themes under EASE 5.0, in which, Union Bank of India has set the benchmark under the two themes i.e., 'Modern Technology Capabilities' and 'Employee Development and Governance'. Bank has also achieved 1st runner-up position in theme "Digitally - enabled customer offerings".

Enhanced Access & Service Excellence (EASE) is an initiative by the DFS (GOI) as part of the PSB Reforms Agenda and is currently under its fifth iteration which focuses on Enhanced Digital experience, Integrated and Inclusive Banking.

Shares of Union Bank of India was last trading in BSE at Rs. 66.80 as compared to the previous close of Rs. 66.85. The total number of shares traded during the day was 4232804 in over 12387 trades.

The stock hit an intraday high of Rs. 69.20 and intraday low of 65.75. The net turnover during the day was Rs. 285596737.00.

Source : Equity Bulls

Keywords

UnionBankofIndia INE692A01016 2ndRank EASEreforms IBA