Original name of Axis Bank?

Q.  Among the following banks, which bank has been renamed as Axis Bank Ltd?
- Published on 07 Feb 17

a. HDFC Bank
b. Centurion Bank
c. Lord Krishna Bank
d. UTI Bank

ANSWER: UTI Bank
 
UTI Bank has been officially changed to Axis Bank Ltd.

Axis Bank is the third largest of the private-sector banks in India offering a comprehensive suite of financial products. The bank has its headquarters in Ahmedabad, Gujarat.

It offers the entire spectrum of financial services large and mid-size corporates, SME, and retail businesses.

As of 30 Jun. 2016, 30.81% shares are owned by promoters & promoter group (United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, National Assurance Company Ltd, GIC, LIC & UTI).

Remaining 69.19% shares are owned by Mutual Funds Institutions, FIIs, Financial Institutions (Banks), Insurance companies, corporate bodies & individual investors.

Axis Bank

Founded - 1993 (as UTI Bank)
Headquarters - Ahmedabad, Gujarat
Current Head - Shikha Sharma (MD & CEO)
  • Winner in the 'Best Payment Initiatives' category amongst Private Sector Banks, IBA Banking Technology Awards 2015.
  • Axis Bank has been featured in Limca Book of Records 2015 for creating a National Record for its campaign - 'Plant a Sapling'.

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