Among the following banks, which bank has been renamed as Axis Bank Ltd?

a. HDFC Bank

b. Centurion Bank

c. Lord Krishna Bank

d. UTI Bank

ANSWER: UTI Bank

Explanation:

UTI Bank has been officially changed to Axis Bank Ltd.

Axis Bank is the third largest of the private-sector banks in India offering a comprehensive suite of financial products. The bank has its headquarters in Ahmedabad, Gujarat.

It offers the entire spectrum of financial services large and mid-size corporates, SME, and retail businesses.

As of 30 Jun. 2016, 30.81% shares are owned by promoters & promoter group (United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, National Assurance Company Ltd, GIC, LIC & UTI).

Remaining 69.19% shares are owned by Mutual Funds Institutions, FIIs, Financial Institutions (Banks), Insurance companies, corporate bodies & individual investors.

Axis Bank

Founded - 1993 (as UTI Bank)

Headquarters - Ahmedabad, Gujarat

Current Head - Shikha Sharma (MD & CEO)

Winner in the 'Best Payment Initiatives' category amongst Private Sector Banks, IBA Banking Technology Awards 2015.

Axis Bank has been featured in Limca Book of Records 2015 for creating a National Record for its campaign - 'Plant a Sapling'.