SSC MTS 2 Aug 2019 Shift 1 Paper

Question : 77 of 100

Marks: +1, -0

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

Solution:

Option 4 is correct, i.e. Axis bank.

The name of UTI Bank was changed to Axis bank ltd on $30^\th$ July 2007.
It was the third-largest private sector lender bank in India at that time.
The change in name was considered for avoiding confusion between the other UTI brand, so executive director R Ashok Kumar gave this statement in 2007.
The UTI bank is owned by a UTI Management company.

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