Current Affairs for BANK, IBPS Exams - 02 July 2021

Bank Exam Current Affairs

Current Affairs for BANK, IBPS Exams - 02 July 2021


Air Marshal Vivek Ram Choudhary takes over as Vice Chief of Air Staff

  • The Indian Air Force will see a number of changes at the top as Air Marshal Vivek Ram Chaudharihas been appointed as the next Vice Chief of Air Staff in the Air headquarters.
  • Two new commander-in-chiefs would also be moving for their new assignments as Director General Air Operations. Air Marshal BallabhaRadha Krishna would be succeeding Chaudhari at the Western Command in Delhi while Air Marshal RJ Duckworth would be taking charge of the Central Air Command in Prayagraj.
  • Chaudhari will replace incumbent Air Marshal HS Arora who will superannuate on June 30. Chaudhari has presently commanding the Western Air Command which is also known as the sword arm of the force as it handles the sensitive borders with both Pakistan and China in sensitive areas.
  • Chaudhari is taking over as vice chief when the IAF has been deployed for over a year in the eastern Ladakh region.
  • An alumnus of the National Defence Academy, Air Marshal Chaudhari was commissioned into the fighter stream of the IAF on December 29, 1982.
  • In a distinguished career spanning nearly 38 years, Chaudhari has flown a wide variety of fighter and trainer aircraft in the inventory of IAF. 

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Generation Equality Forum in Paris from 30 June to 2 July by the United Nations, France and Mexico

  • The Generation Equality Forum is a  global gathering for gender equality convened by UN Women and co-hosted by the governments of Mexico and France, in partnership with youth and civil society. The Forum kicked off in Mexico City in March and will culminate in Paris from 30 June to 2 July 2021, launching a series of concrete, ambitious and transformative actions to achieve immediate and irreversible progress towards gender equality.
  • The Forum responds to the fact that—despite the commitments made in Beijing in 1995 to take strategic, bold action on gender equality—progress and implementation has been slow. Not a single country today can claim to have achieved gender equality. With women’s rights at risk of rolling back further as a result of the COVID-19 crisis—due to heightened poverty and risks of gender-based violence—the Forum is a rallying point to finally achieve the human rights of all women and girls.
  • The Generation Equality Forum will also fuel a powerful and enduring coalition for gender equality, bringing together governments, activists, corporations, feminist organizations, youth and allies to achieve transformative change.


SBI will levy service charges on cash withdrawals after for free transactions at its branches and ATMs

  • India’s largest state-run lender State Bank of India (SBI) has revised service charges for cash withdrawals from automated teller machines (ATMs) and bank branches. "Charges will be recovered beyond four free cash withdrawal transaction (including ATM and branch)," SBI says.
  • According to the bank website, these new charges would apply to the cheque book, transfer, and other non-financial transactions. The new service charges will come into effect from 1 July 2021 and will be applicable for basic savings bank deposit (BSBD) account holders
  • The bank’s website mentions there will be four free cash withdrawals available — including ATMs and bank branches every month for BSBD account holders. The bank will apply a fee of Rs15 plus GST for every transaction beyond the free limit. The charges on cash withdrawal will be applicable at the home branch and ATMs and non-SBI ATMs.
  • The bank will recover charges beyond four free cash withdrawal transactions. This includes the transactions done at a branch as well as a bank ATM. The new charge is Rs15 plus GST per cash withdrawal transaction at branch channel or ATM.
  • Non-financial transactions and transfer transactions will be free of cost at branches, ATM, CDM (cash dispensing machines) for the BSBD account holders.


Abhimanyu Mishra of America became the youngest chess grandmaster at 12 years four months and 25 days

  • At 12 years, four months and 25 days, he obliterated the long-standing record held by Sergey Karjakin, who was 12 years and seven months old when he attained the title. Three years ago, India’s R Praggnanandhaa had almost surpassed him, but missed the opportunity by a whisker. As did many assaults on the 19-year-old record until Abhimanyu’s moment.
  • Abhimanyu has been in the Hungarian capital since April, in pursuit of the record. He had attained the first and second GM norms in April and May, but the third had seemed elusive with time catching up and fewer tournaments in the horizon. He had to wait till mid-July for another shot at the record, but for this tournament.

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Current Affairs is Part of Online Course of IBPS Exams.

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