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UTI Bank changed its name to Axis Bank effective 1st August, 2007
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∙ 13y ago
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When UTI bank converted into Axis bank?
when uti bank was converted into axis bank?
Why UTI bank converted into Axis bank?
uti is an international bank ,suddenly it chaned that is why iam asking. The change in name was considered for avoiding confusion as several unrelated entities were using the UTI brand
What is previous name of axis bank?
UTI Bank.
What is the old name of axis bank?
Uti Bank
Full form of UTI bank?
UTI stands for Unit Trust of India. UTI Bank has recently been renamed to AXIS bank.
When uti converted as Axis Bank?
UTI Bank was renamed as Axis Bank in April 2007 to avoid confusion with other entities of similar name. It is one of Indias largest private banks. It has over 1200 branches and 6000 ATMs across India. The bank has been in existence since 1994 making it one of India's oldest private banks as well.
Is AXIS BANK nationalised bank or not?
no its a private bank now and earlier it was a public bank known as UTI bank
Abbreviation of UTI bank?
Unite Trust Of India (currently AXIS Bank www.axisbank.com)
What is full form of UTI bank?
In India, it was United Trust of India Bank, which has now been renamed as Axis Bank.
What is the full form of uti?
UTI stands for Unit Trust of India. It was created in 1963 and for more than two decades it remained the sole vehicle for investment in the capital market for Indian citizens. UTI Bank was recently renamed as Axis Bank and continues its operations even today.
What is the tag line of UTI bank?
UTI Bank: Drink Your Cranberry Juice.
Axis bank history?
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.
