Axis bank was founded on 3 December 1993 as UTI Bank, opening its registered office in Ahmedabad and a corporate office in Mumbai. The bank was promoted jointly by the Administrator of the Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance Company, The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company.
Owner of the bank is AMITABH CHAUDHRY. The managing director and CEO of Axis bank.
Headquarters – Mumbai.
The first branch was inaugurated on 2 April 1994 in Ahmedabad by Manmohan Singh, then finance minister of india.
Axis bank has crossed the milestone of over one million customers on its WhatsApp banking channel with a total request count of 6 million till now.
● Axis Bank had launched banking services on WhatsApp in January 2021 and has since witnessed robust organic growth in its customer base for WhatsApp banking.
● After signing up for the service, customers can inquire and get details of products across savings account, credit and debit cards, deposits and personal loans.
● Non-financial service requests can also be initiated, such as locating ATMs or getting updates on third-party deals available on credit and debit card.
The United Trust of India (UTI) was considered as one of the largest private banks in India. On 30 July 2007, UTI Bank changed its name to Axis Bank. So Axis bank old name is UTI bank.