CURRENT AFFAIRS JULY 2011 RELATED to BANK PO EXAMS

Bank po related questions answers, Current Bank event related questions answers


The Government of India has appointed Mr Ashok Kumar Gupta, General Manager of Punjab National Bank, as the Executive Director of Canara Bank. He succeeds Mr Jagdish Pai K.L., who retired on June 30.



David Cameron’s Big Society Bank was launched on Friday with £600m to invest in charities and social enterprises.
Big Society Bank :-The Big Society Bank (BSB) is a bank planned by the UK Government to help finance projects under the banner of the Big Society. Launched by Prime Minister David Cameron in July 2010 the BSB is expected to begin operations in Q3 2011.


ICICI Bank Ltd has informed BSE that Mr. Arvind Kumar, Joint Secretary, Department of Financial Services, Ministry of Finance, has been nominated as Government Nominee Director of the Board of ICICI Bank Ltd. in place of Dr. Anup K. Pujari, Director General of Foreign Trade, Ministry of Commerce and Industry, with effect from July 22, 2011, as per the communication received from the Department of Financial Services, Ministry of Finance, on July 27, 2011.


Allahabad Bank has said it would raise its base rate and the benchmark prime lending rate (BPLR) by 50 basis points (bps) from August 1. The rate increase would increase the bank’s base rate to 10.75 per cent and the BPLR to 15 per cent. The bank had last raised the two rates by 25 bps on July 15.


Burgan Bank announced an exclusive tie up for its debit and credit cardholders which offers a wide range of discounts on cosmetic, fragrances, kitchen and household wares from Fayasel. This new partnership is valid until the 6th September 2011.


Qatar National Bank 'QNB' has launched its Ramadan Loans Festival featuring the lowest advertised full term interest rate in the country of 2.63% flat on vehicle loans, and 5.55% on personal loans. The festival will last from July 28, 2011 through last day of Eid El Fitr.


Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, announced the launch of its Gold Priority Banking service that is designed to meet the needs of affluent customers. Gold Priority Banking is a strategic initiative for ADIB's retail business in 2011.


Emirates NBD, a leading bank in the region, has announced the launch of the new Emirates NBD Titanium Credit Card in partnership with MasterCard. The new Emirates NBD MasterCard Titanium Credit Card targets the fast growing emerging affluent segment with guaranteed lifestyle benefits, including airport lounge access and golf privileges, in addition to superior rewards on all retail purchases.