Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

The name of UTI Bank was changed to ______ in 2007.

Options:

HDFC Bank

IDBI Bank

Centurion Bank

Axis Bank

Correct Answer:

Axis Bank

Explanation:

The correct answer is Option (4) - Axis Bank

In 2007, UTI Bank, one of India's prominent private sector banks, rebranded itself and changed its name to Axis Bank. This decision was part of a strategic move to align the bank's image with its expanding operations and broader financial services offerings. The new name, Axis Bank, aimed to reflect the bank's vision of being at the forefront of the financial industry and its commitment to providing innovative and customer-centric banking solutions.