Axis Bank will be the new name for UTI Bank. The bank’s board decided on the new name at a meeting in Mumbai today.Axis Bank is born out of the pressure on UTI Bank to shed its brandname after the split of the erstwhile UTI. Though UTI was a government instutition, its subsidiary UTI Bank has been categorised as a private sector bank, according to RBI guidelines.
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UTI Bank Changes Name as Axis Bank
August 9th, 2007 — Bank News