Question
Download Solution PDFThe name of UTI Bank was changed to _______ in 2007.
This question was previously asked in
SSC MTS Previous Paper 1 (Held On: 2 August 2019 Shift 1)
Answer (Detailed Solution Below)
Option 4 : Axis Bank
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Detailed Solution
Download Solution PDFOption 4 is correct, i.e. Axis bank.
- The name of UTI Bank was changed to Axis bank ltd on 30th July 2007.
- It was the third-largest private sector lender bank in India at that time.
- The change in name was considered for avoiding confusion between the other UTI brand, so executive director R Ashok Kumar gave this statement in 2007.
- The UTI bank is owned by a UTI Management company.
- UTI stands for Unit Trust of India.
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