Ease 3.0 Reform agenda index results for Q4 FY 2021 was declared in the event organized by IBA in Mumbai on 25.08.2021. Hon’ble Union Finance Minister Smt. Nirmala Sitaraman presented awards to top performing banks.
Union Bank of India secured awards under following categories:
Exceptional performance and initiatives:
• Set up of IT-based HR Deployment Decision Support System with best in class features and functionalities for postings and transfers
• Best bank on EASE cyber-security maturity framework
• First Public sector bank to implement end-to-end digitalization of MSME credit limit renewals with approximately ₹ 3,000 crore of MSME loans processed in a straight through manner in FY'21
• >70% long-term agri loans processed via loan management system
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