axis bank commenced its journey as uti bank on which date
Answers
Answer:
in 1994. axis bank decided its journey as uti bank
Answer:
Axis Bank, previously known as UTI Bank, commenced its journey on December 21, 1993, after the Government of India allowed the establishment of private sector banks in the country.
Explanation:
Axis Bank, previously known as UTI Bank, commenced its journey on December 21, 1993, after the Government of India allowed the establishment of private sector banks in the country. The bank was jointly promoted by the Administrator of the Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd.
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