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
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UTI stands for Unit Trust of India. UTI Bank has recently been renamed to AXIS bank.
unit trust india
Unit trust of india
when uti bank was converted into axis bank?
UTI stands for Unit Trust of India
Yes. Axis Bank is a scheduled bank in India under Private Sector Banks category.
Unite Trust Of India (currently AXIS Bank www.axis bank .com )
\nUTI Bank: Drink Your Cranberry Juice.
You opened an ac with UTI bank which is now AXIS bank at zero balance but axis bank has sent you statement of 2400 lien amount what to do?
Bank's Lien . The Bank shall have the right of set-off and lien, irrespective of any other lien or charge, present as well as future on the deposits held in the User's accoun…ts whether in single name or joint name(s), to the extent of all outstanding dues, whatsoever, arising as a result of the iConnect service extended to and/or used by the User
UTI Bank changed its name to Axis Bank effective 1st August, 2007
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 Insuranc…e 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 .
In India, it was United Trust of India Bank, which has now been renamed as Axis Bank.
where satalites aren't used to predict the waether, study earthqake, broadcast news or entertain the world, they are used to take care of your investments. Welcome to the new… UTI
no its a private bank now and earlier it was a public bank known as UTI 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 an…d 6000 ATMs across India. The bank has been in existence since 1994 making it one of India's oldest private banks as well.