EASE Reform Flashcards
Which reform aims to foster new-age reforms in PSBs to improve profitability, asset quality, customer service and digital capabilities?
Enhanced Access & Service Excellence (EASE)
Enhanced Access & Service Excellence (EASE) was launched in
January 2018
* was commissioned through Indian Banks’ Association
* authored by Boston Consulting Group
Various Stages under EASE Reforms Agenda:
- EASE 1.0
- EASE 2.0
- EASE 3.0
- EASE 4.0
- EASE 5.0
SIDBI portal for credit management of MSMEs:
UdyamiMitra
____ are financial institutions which ensure adequate credit for agriculture and other rural sectors.
Regional Rural Banks
Regional Rural Banks were set up on the basis of the recommendations of the
Narasimham Working Group (1975)
The first Regional Rural Bank ____ was set up on (?)
“Prathama Grameen Bank” , 2nd October, 1975
he equity of a regional rural bank is held by the Central Government, concerned State Government and the Sponsor Bank in the proportion of
50:15:35
____ was to promote sustainable and impartial agriculture and enhance rural prosperity through effective credit support, related services, institution development, and other innovative initiatives.
National Bank for Agriculture and Rural Development (NABARD)
* is a statutory body established in 1982
* under parliamentary Act-National Bank for Agriculture and Rural Development Act, 1981
____ is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account.
Core Banking Solution (CBS)
____ is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account.
Core Banking Solution (CBS)
Which committee resulted in formation of NABARD?
Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) in 1979
under the Chairmanship of Shri B. Sivaraman
Amendment in NABARD Act enabled Union Government to increase the authorized capital of NABARD from (?) to (?)
Rs. 5,000 crore , Rs. 30,000 crore
Under the 1981 Act, the central government and the RBI together must hold at least ____ of the share capital of NABARD
51%
Who provides recommendations to Reserve Bank of India on issue of licenses to Cooperative Banks, opening of new branches by State Cooperative Banks and Regional Rural Banks (RRBs)?
NABARD
The (?) started in ____, works at enhancing investments in rural areas, creating business opportunities and enabling rural communities to sustainably utilise their natural resources.
Umbrella Programme on Natural Resource Management (UPNRM) , in 2007
NABARD has been at the forefront of technology revolution by helping rural financial institutions in providing ____ to all their farmer clients.
RuPayKisan Cards (RKCs)
The ____ scheme was designed by NABARD in association with the RBI in (?) for providing crop loans
Kisan Credit Card (KCC) , August 1998
____ is a basic unit and smallest co-operative credit institution in India. It works on the grassroots level (gram panchayat and village level). It provides credit to farmers in the form of term loans and recovers the amount after harvesting of crop from the cultivator.
Primary Agricultural Credit Society (PACS)
It was set up with NABARD in (?) by the RBI out of the shortfall in lending to priority sector by scheduled commercial banks for supporting rural infrastructure projects. Name it
Rural Infrastructure Development Fund (RIDF) , 1995-96
