What Was Axis Bank Old Name?

Who is the CEO of Axis Bank?

Amitabh Chaudhry (Jan 1, 2019–)Axis Bank/CEO.

Is Axis Bank scheduled bank?

1 State Bank of India 1 Axis Bank Ltd. 2 Bank of Baroda (Including Vijaya Bank and Dena Bank) 2 Catholic Syrian Bank Ltd. 3 Bank of India 3 City Union Bank Ltd. … 10 Punjab & Sind Bank 10 Jammu & Kashmir Bank Ltd.

Is Axis a good bank?

Axis Bank has achieved consistent growth and stable asset quality with a 5 year CAGR (2009-13) 37% in Net Profit with a balance sheet size of Rs. … The Bank has a network of 2225 branches and extension counters and 11796 ATMs and 7 International countries.

Is UTI and Axis bank same?

The name of the country’s third largest private sector lender UTI Bank has been officially changed to the Axis Bank with effect from Monday. The Registrar of Companies has issued a fresh certificate of incorporation, the bank informed BSE, adding that “with this, the name of UTI Bank has been changed to Axis Bank”.

Is Axis Bank A private bank?

Axis Bank is the third largest private sector bank in India. … The international offices focus on corporate lending, trade finance, syndication, investment banking and liability businesses. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994.

Who is the No 1 bank in India?

HDFC BankHDFC Bank emerged as India’s No. 1 bank.

Is Axis Bank a government bank?

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.

Who is owner of HDFC Bank?

Housing Development Finance CorporationHDFC Bank/Parent organizations

When was Axis Bank formed?

1993, Ahmedabad, IndiaAxis Bank/Founded

What is the full form of Axis?

Axis old name UTI. Full form is. UNITED TRUST OF INDIA. INCORPORATION DATE: 1994. There IS A LARGEST AND 1ST NO.

Is HDFC better or Axis Bank?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of Axis Bank Personal Loan is 10.49%, which is lower than the lowest interest rate of HDFC Bank at 10.50%. … HDFC Bank can be a better option if you are looking for a high value amount.

Which bank is best in India?

Top Commercial Banks in IndiaTop 10 Commercial Banks in India are:State Bank of India (SBI) … ICICI Bank (Industrial Credit and Investment Corporation of India) … HDFC Bank. … Axis Bank. … Kotak Mahindra Bank. … IndusInd Bank. … Bank of Baroda.More items…

What is the future of Axis Bank?

The outlook for the stock of Axis Bank (Rs 752.25) is positive. It finds an immediate support at Rs 715 and a crucial one at Rs 660. If the current trend sustains and if the stock rules above Rs 732, it has the potential to reach Rs 1,020. We expect the stock to maintain the current bullish trend.

Who started Axis Bank?

Amitabh ChaudhryAxis BankTypePublicFounded1993HeadquartersMumbai, Maharashtra, IndiaNumber of locations4800+ branches (December 2019)Key peopleAmitabh Chaudhry (MD & CEO) Shri Rakesh Makhija (Chairman)14 more rows

Is Axis 2020 Safe?

Axis Bank is the third-largest bank in the private banking sector in India and hence it is very safe to invest. … The bank offers different loans and fee-based products and services to large and mid-corporate customers.