What is the old name of Axis Bank?
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.
Who founded Axis Bank?
Amitabh Chaudhry
Amitabh Chaudhry, Managing Director and CEO – Axis Bank.
How was Axis Bank formed?
December 3, 1993, Ahmedabad, India
Axis Bank/Founded
Who was the first CEO of Axis Bank?
Axis Bank
| Type | Public |
|---|---|
| Founded | 3 December 1993 |
| Headquarters | Mumbai, Maharashtra, India |
| Number of locations | 4594 (2021) |
| Key people | Amitabh Chaudhary (MD & CEO) Shri Rakesh Makhija (Chairperson) |
Which is best bank Axis or HDFC?
Some of the key results of the comparison between the two banks are: Lowest Interest rate of HDFC Bank Personal Loan is 10.25%, which is lower than the lowest interest rate of Axis Bank at 10.49%. HDFC Bank offers Personal Loan upto an amount of ₹ 75 Lakh while Axis Bank offer Personal Loan upto an amount of ₹ 25 Lakh.
Is it OK to buy Yes Bank shares now?
Yes Bank’s share price has nearly halved in the past one year, but analysts don’t recommend investors to ‘buy. ‘ Even at ₹13.55 per share, there’s a chance that the stock is overvalued….
| Bank | Change in share price from 6 March 2020 to 6 May 2021 |
|---|---|
| Kotak Bank | 9.6% |
| IndusInd Bank | -8.9% |
Who is the founder of Axis Bank?
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.
When did Axis Bank become a public company?
The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India),Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd.,
When did Axis Bank buy Enam Securities?
Axis Bank entered a deal in November 2010 to buy the investment banking and equities units of Enam Securities for $456 million.
Which is the best bank in Axis Bank?
According to Global Banking 500 rankings, Axis bank is the bank that every other bank should feel cautious about, mainly because of its popularity and the scheme and advantages it provides to its customer.
How many Axis Bank branches are there in India?
– Axis Bank opened the new branch at Irinjalakuda while it has a network of 892 branches, 8 extension counters and 3,806 ATMs across the country. – Axis Bank Limited has informed that at the meeting of the Board of Directors held on January 15, 2010, the following decisions were taken: (1) To appoint Dr. Adarsh Kishore]