when uti bank was converted into axis bank?
UTI Bank changed its name to Axis Bank effective 1st August, 2007
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 Bank has recently been renamed to 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.
no its a private bank now and earlier it was a public bank known as UTI bank
Unite Trust Of India (currently AXIS Bank www.axisbank.com)
In India, it was United Trust of India Bank, which has now been renamed as Axis Bank.
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.
UTI Bank, now known as Axis Bank after its merger in 2007, was one of India's earliest private sector banks, established in 1994. It was initially promoted by the Unit Trust of India (UTI) and aimed to provide a range of banking and financial services. The bank played a significant role in the Indian banking sector by offering innovative products and services to retail and corporate customers. Today, Axis Bank is one of the largest private banks in India, providing comprehensive banking solutions.
UTI Bank: Drink Your Cranberry Juice.