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What does UTI stand for in banking?
A Unique Transaction Identifier (Acronym: UTI), alternatively called Unique Swap Identifier (Acronym: USI) is a globally unique identifier for individual transactions in financial markets.
Which bank is UTI?
Axis Bank
Mumbai: The name of the country’s third largest private sector lender UTI Bank has been officially changed to the Axis Bank Ltd with effect from 30 July. The company’s board had approved the proposal to change its name on 30 April.
Is UTI a commercial bank?
Unit Trust of India was first Set up in 1st February 1964 under the Unit Trust of India Act, 1963. It is a statutory public sector investment institution having the main objective to encourage and mobilize the savings of the community and canalize them into productive corporate investment.
Is UTI and Axis bank same?
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.
What is UTI stand for?
Urinary tract infections (UTI)
What is UTI no?
A urinary tract infection (UTI) is an infection of the urinary system. This type of infection can involve your urethra (a condition called urethritis), kidneys (a condition called pyelonephritis) or bladder, (a condition called cystitis). Your urine typically doesn’t contain bacteria (germs).
When did UTI Bank start?
December 3, 1993, Ahmedabad, India
Axis Bank/Founded
Who owned HDFC?
Housing Development Finance Corporation
HDFC Bank/Parent organizations
Is UTI a government company?
The government holds 74% stake in the company through four public sector institutions—Life Insurance Corp. of India (LIC), State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB)—but it is not a government entity.
What is the full name of UTI?
A urinary tract infection (UTI) is an infection of the urinary system. This type of infection can involve your urethra (a condition called urethritis), kidneys (a condition called pyelonephritis) or bladder, (a condition called cystitis).
Who is Axis Bank owner?
Amitabh Chaudhry (Jan 1, 2019–)
Axis Bank/CEO
Is Axis Bank is govt or private?
Axis Bank is the first private sector bank authorized by the Reserve Bank of India (RBI) and Government of India to collect taxes on behalf of the State Governments. Since 1 October 2003, Axis Bank has been able to handle all Central Government Business and State Government Business.
What does UTI stand for in medical terms?
The meaning of the UTI is also explained earlier. Till now you might have got some idea about the acronym, abbreviation or meaning of UTI . What does UTI mean? is explained earlier. You might also like some similar terms related to UTI to know more about it.
Which is the first bank of UTI Bank?
So from July 30, 2007 onwards the UTI bank was named as Axis Bank. Set up with a capital of Rs. 115 crore- with UTI contributing Rs. 100 crore, LIC contributing Rs. 7.5 crore and GIC and its four subsidiaries contributing Rs. 1.5 crores, the bank came in operation with its first registered office at Ahmedabad .
Which is the unit trust of UTI in India?
The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation Ltd., National Insurance Company Ltd.,
Who is the sponsor of UTI Bank India?
UTI Bank. Axis Bank was formed as UTI when it was incorporated in 1994 when Government of India allowed private players in the banking sector. The bank was sponsored together by the administrator of the specified undertaking of the Unit Trust of India, Life Insurance Corporation of India (LIC) and General Insurance Corporation ltd.