Current Affairs on Banking Sector - 2011

Hope this information will be helpful to update your knowledge in Current affairs of Banking sector in the month April-May 2011. The high inflation has further made the RBI to keep changing the interest rates.


As the banking sector is one of the booming and having a great scope for business sector.  As the fresh new licences for the new player has not been given the old player are trying to capture by penetrating the market and retaining the customers with possible aggressive marketing and customer relationship management(CRM).  As the new player entering having a huge financial support and more importantly the reputation in other industries they currently into (Tata, Reliance Group, etc).


Here are the few recent news of banks, their achievement in recent past, new associations, Awards and Recognition, Growth and figures, and more importantly what new they can offer their customers. List of Indian Banks are



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BANKING SECTOR CURRENT AFFAIRS: JUNE - JULY 2011


BANKING SECTOR CURRENT AFFAIRS: AUGUST - SEPTEMBER 2011


A Month wise updates in the Indian banking system is updates here. This is for the month of April - May 2011. Below you could find for the coming month direction.

• Indian Bank Introduces complaint through SMS facility.
• -To strengthen its customer grievance redressal mechanism its has introduced this facility.
• Punjab National Bank wins 6th BML Munjal (Brijmohan Lall) Award for 2010.
• - Awarded for excellence in learning and knowledge development in private sector category. Earlier the recipient of this award were.

Year	Private Sector	Public Sector
2006	Jet Airways	NTPC
2007	Infosys and Satyam	SAIL
2008	Mindtree Consulting	NHPC
2009	HSBC	Indian Oil Ltd.
2010	Tata Steel	ONGC
2011	Punjab National Bank	Tata Power

• United Bank of India opens its New Regional Office at Bangalore.(31st regional office).
• IndusIndBank get into an agreement with Finacle(which provides Core Banking Transformation Solutions and which is a part of Infosys Limited).
• Union Bank launches new facility in handling the New Pension Scheme(NPS) of Pension Fund Regulatory & Development Authority(PFRDA) through its branches.
• Allahabad Bank enters into 147th year (147th foundation day) and launches new services like Mobile Banking service, 100 ATM's, Mobile Van fitted with ATM. 
• Indian Overseas Bank(IOB) celebrated its 75th Anniversary.
• Vijaya Bank, Bank of Baroda, and State Bank of India(SBI) posted its financial results( where all three posted profits, where Vijaya Bank touched 1.22Lakh crore business and SBI posted 33% increase in its Net profit).
• Corporation Bank, Abhyudaya Bank, Dhanalakshmi and South India Bank are in spree of increasing its branches as soon as possible.
• Dena Bank takes the Swabhiman Card program(Financial inclusion program of Central government).

Update:
Indian Bank has received the Government of India approval to raise an additional equity capital of Rs.61.40 crore through Follow on Public Offer(FPO)(comprising 6.14crore equity share of Rs.10each) where the premium is not yet decided.

IDBI Bank and Indian Army signs a Memorandum of Understanding(MoU) for Banking services where the banks offers a wide range of banking services and products and customized salary accounts for the army personnel.

Bank-CSR Activities:
SBI Bank donated Rs.18.50lakhs rupees cheque to The Leprosy Mission trust India(TLM) for the reconstructuve surgery of clawed hands and legs of the affected leprosy patients.

United Bank of India opened Arsenic treatment plant in Gaighata Block, West Bengal.  The plant will provide arsenic free safe drinking water to around 3000 families in the locality.  

Next Update Available Here: 


Current Affairs in the Month - April 2012
BANKING SECTOR CURRENT AFFAIRS: JUNE - JULY 2011


BANKING SECTOR CURRENT AFFAIRS: AUGUST - SEPTEMBER 2011