DFS has launched EASE₹ISE 9.0 to reform Public Sector Banks. Shri M. Nagaraju, Secretary, Department of Financial Services has unveiled the EASE₹ISE 9.0 Reforms Agenda focusing on “Globally Competitive Public Sector Banks for Viksit Bharat@2047”.
RISE stands for: R for Risk and Resilience, I for Innovation, S for Socio-economic Impact (for Viksit Bharat), E for Excellence. EASE 9.0 will focus on making public sector banks compete with global banks.
EASE Rise 9.0 will focus on Financial/Credit Risk Resilience, Operational Resilience, Technology Modernization and Renewal, Data Quality & Management, Artificial Intelligence (e.g., incl. Agentic AI, Gen AI), New-age Channels, Re-imagined Business Models, Business Process re-engineering, Inclusive Banking, Sustainability, Empowering Emerging Segments, Excellence, Advances & Deposits Growth Transformation, Cost Optimization and Income Growth, Customer Experience (CX) Transformation, Talent and Leadership, Capital Efficiency and Global Competitiveness.
EASE Rise 9.0 Overview
EASE Rise will focus on several aspects to improve public sector banks. The consolidated list of reforms that will be undertaken under EASE RISE 9.0 is given below.
Download EASE RISE 9.0 PDF
