Why is it in the news?
EASE 9.0 reform agenda launched to modernize Public Sector Banks.
Focus on technology-led transformation and global competitiveness.
Category: Economy
Important Points:
● Launched February 2026 by Department of Financial Services
● Aims to align PSBs with Viksit Bharat @2047 vision
● Based on four pillars: Risk & Resilience, Innovation, Socio-economic Impact, Excellence (R.I.S.E.)
● Promotes AI, GenAI, ML, cloud architectures, microservices
● Encourages Global Capability Centre (GCC) strategy in FY 2026–27
● Plans for active-active data centre models for resilience
● Emphasizes LLM licensing, GPU strategies, private cloud deployment
● Promotes blockchain, advanced risk assessment, fraud detection models
● India hosts 185–190 BFSI GCCs employing ~540,000 professionals
● Sector projected to reach USD 125 billion by 2032