0
Axis Bank was formed as UTI when it was incorporated in 1994 when Government of India allowed private players in the banking sector. The bank was sponsored together by the administrator of the specified undertaking of the Unit Trust of India, Life Insurance Corporation of India (LIC) and General Insurance Corporation ltd. and its subsidiaries namely National insurance company ltd., the New India Assurance Company, the Oriental Insurance Corporation and United Insurance Company Ltd. However, the name of UTI was changed because of the disagreement on terms and conditions of the bank authority over certain stipulations including royalty charged over the name from UTI AMC. The bank also wanted to have a new name from its pan-Indian as well as international business perspective. So from July 30, 2007 onwards the UTI bank was named as Axis Bank.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Brief history about axis bank?
Axis Bank opened in 1994, shortly after private banks were allowed in India. It is now the third-largest private bank in India.
Is axis bank semi government?
yes axis is the semi - government bank
Axis bank chairman is?
Chairman of Axis bank is Dr Adarsh Kishore.
Is Axis Bank a schedule bank?
Yes. Axis Bank is a scheduled bank in India under Private Sector Banks category.
Who is the current MD of axis bank?
Shri.sk.chakrabarti is the managing director(md) of axis bank and ceo of axis bank.dr.r.h.patil is the deputy managing director (dmd)
Brief history about axis bank?
Axis Bank opened in 1994, shortly after private banks were allowed in India. It is now the third-largest private bank in India.
Is axis bank is a nationalised bank?
Axis Bank is not a nationalized bank.
When UTI bank converted into Axis bank?
when uti bank was converted into axis bank?
Axis bank abbreviation?
FULL FORM OF AXIS BANK
What is Axis Bank's population?
Axis Bank's population is 21,640.
When was Axis Bank created?
Axis Bank was created in 1994.
How many years start axis bank?
when was axis bank started
What is the sort code of axis bank?
What is the Sort Code for Axis Bank in UK
Axis bank chairman is?
Chairman of Axis bank is Dr Adarsh Kishore.
Is axis bank semi government?
yes axis is the semi - government bank
What is sort code of axis bank?
What is the Sort Code for Axis Bank in UK
Axis bank full form?
AXIS
