Menu Close

How was Axis Bank formed?

How was Axis Bank formed?

December 3, 1993, Ahmedabad, India
Axis Bank/Founded

What is Axis Bank old name?

UTI Bank Ltd
The Bank changed their name from UTI Bank Ltd to Axis Bank Ltd with effect from July 30 2007 to avoid confusion with other unrelated entities with similar name.

What is Axis bank known for?

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994.

Who established axis?

The first branch was inaugurated on 2 April 1994 in Ahmedabad by Manmohan Singh, then finance minister of India. In 2001 UTI Bank agreed to merge with Global Trust Bank, but the Reserve Bank of India (RBI) withheld approval and the merger did not take place.

What is the full form of Axis?

Basically, AXIS Bank does not have a full form. However, the bank was earlier known as the UTI Bank that was established as a Bank in 1994. However, the bank later changed the name to AXIS that has no full form and is simply a name.

Which is better HDFC or Axis?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of HDFC Bank Loan is 10.25%, which is lower than the lowest interest rate of Axis Bank at 10.49%. Therefore, HDFC Bank can be a better option if you are looking for a high value amount.

Is Axis Bank a Nationalised bank?

Axis Bank is the first private sector bank authorized by the Reserve Bank of India (RBI) and Government of India to collect taxes on behalf of the State Governments. Since 1 October 2003, Axis Bank has been able to handle all Central Government Business and State Government Business.

What is the full form of Axis Bank?

Full form of Axis Bank Full form of UTI Bank: United Trust of India. Axis bank origin was in 1993 at Ahmedabad, as UTI Bank (UTI bank full form: United Trust of India). The United Trust of India (UTI) was considered as one of the largest private banks in India. On 30 July 2007, UTI Bank changed its name to Axis Bank.

Is Axis 2020 Safe?

Axis Bank is the third-largest bank in the private banking sector in India and hence it is very safe to invest. Also, it provides securable services for Retail banking, corporate banking and international banking operations.

Where is the headquarter of Axis Bank?

Mumbai, India
Axis Bank/Headquarters

What is Axis Bank full form?

What is the logo of Axis Bank?

The logo uses the alphabet ‘A’ from the word Axis. The logo depicts a strong growth path for the bank supported by a strong base, indicating that the bank is moving on from a position of strength. Earlier, the bank’s logo used the letters U, T and I. “Our central message is that nothing has changed except the name.