The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I), Life Insurance Corporation of India (LIC), General Insurance Corporation Ltd., National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United Insurance Company Ltd. UTI-I holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country. The bank changed its name to Axis Bank in April 2007 to avoid confusion with other unrelated entities with similar name. Shikha Sharma was named as the bank's managing director and CEO on 20 April 2009.
when uti bank was converted into axis bank?
UTI stands for Unit Trust of India. UTI Bank has recently been renamed to AXIS bank.
UTI Bank: Drink Your Cranberry Juice.
UTI Bank changed its name to Axis Bank effective 1st August, 2007
cr. mr. sunil to uti 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
UTI Bank.
Uti Bank
UTI stands for Unit Trust of India
UTI
no its a private bank now and earlier it was a public bank known as UTI bank
No ! But HDFC Bank & UTI Bank have