India's 8 Best Banks
By siliconindia   |   Tuesday, 22 November 2011, 01:35 IST   |    6 Comments
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3. Axis bank:
Axis bank
The total deposits in the bank is 189,238 Crore and the operating profits generated by the bank is 6,416 Crore. Axis bank, previously known as UTI bank is a financial service firm was started in the year 1994 after RBI gave permit for the privatization of banks. Unit trust of the India promoted the bank initially. Life insurance of corporation was also was also into the administration of the bank. The bank has 1,095 branches throughout the country and over 4,846 ATMs spread all over. The registered office in located at Ahmadabad and the head office are situated at Mumbai. The name of bank was changed to Axis bank in the year 2007 as the collaboration of LIC and UTI created great confusions among the consumers. The CEO of this presitigious organization is Shikha Sharma.

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