Axis bank history?

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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.
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Why UTI bank converted into Axis bank?

Answer . 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 w

Brief history about axis bank?

Axis Bank opened in 1994, shortly after private banks were allowedin India. It is now the third-largest private bank in India.

Is Axis Bank a schedule bank?

Yes. Axis Bank is a scheduled bank in India under Private Sector Banks category.

What are hr policies in axis bank?

The HR policies in the Axis Bank are not available to the public.You can contact the bank and ask for a copy of the policies.

Who is the owner of axis bank?

Axis bank is a private sector bank that is not owned by the government of India. A number of Insurance companies in India together own this bank. They are: . Unit Trust of I

Is axis bank is nationalised bank of India?

Axis bank is a private sector bank that is not owned by the government of India. A number of Insurance companies in India together own this bank. They are: . Unit Trust of I