Which plan was launched to improve the performance of public sector banks?
Performance of PSB on EASE 2.0 Index A common reform agenda for PSBs, EASE Agenda is aimed at institutionalizing clean and smart banking. It was launched in January 2018, and the subsequent edition of the program ― EASE 2.0 built on the foundation laid in EASE 1.0 and furthered the progress on reforms.
Are public sector bank employees government servants?
Section 46A of the Banking Regulation Act, 1949, provides that : “Every chairman, director, auditor, liquidator, manager and any other employee of a banking company shall be deemed to be a public servant for the purposes of Chapter IX of the Indian Penal Code.”
What is PLI salary?
A performance-linked incentive (PLI) is a form of incentive from one entity to another, such as from the government to industries or from an employer to an employee, which is directly related to the performance or output of the recipient and which may be specified in a government scheme or a contract.
How can the efficiency of public sector banks be improved?
- Improving employee productivity:
- Improving customer service:
- Improving trust and confidence of the public in banking institutions.
- Improving NPA management:
- Improving the norms of priority sector lending:
- Improving corporate governance:
- Placing inspection rating of banks by RBI in public domain:
Is reform an index?
State Bank of India is the Overall winner of the EASE Reforms Index Award 2021 (EASE 3.0 Awards)….EASE Reforms Index Award 2021 announced.
| S.No | Theme | Winner |
|---|---|---|
| 1. | Smart Lending for Aspiring India | Bank of Baroda |
| 2. | Tech-enabled ease of Banking | SBI |
| 3. | Institutionalised Prudent Banking | Bank of Baroda |
| 4. | Governance and Outcome centric HR | Union Bank of India |
Can govt employee do share trading?
35(1) No Government servant shall speculate in any stock, share or other investment: Provided that nothing in this sub-rule shall apply to occasional investments made through stockbrokers or other persons duly authorized and licensed or who have obtained a certificate of registration under the relevant law.
Is PNB employee a government employee?
No. The bank employees are not governed by central or state government rules. The government employees are those who are working in Central and State offices.
Can PLI be part of CTC?
Over the years, the Company increased the proportion of PLI in CTC. Though at the time of joining, I had negotiated on the total CTC, the Company puts a small clause in the appointment letter / subsequent annual appraisal letters that CTC will depend on employee performance as well as Company performance.
Is IOB a government bank?
Loans, credit cards, savings, investment vehicles etc. Indian Overseas Bank (IOB) is a major Indian nationalised bank. It is under the ownership of Ministry of Finance, Government of India based in Tamilnadu, India, with about 3,400 domestic branches, about 6 foreign branches and representative office.