Axis Bank ATM

UTI Bank opened its registered office in Ahmedabad and corporate office in Mumbaiin December 1993. The first branch was inaugurated on 2 April 1994 in Ahmedabad by Dr. Manmohan Singh, the Finance Minister of India. UTI Bank began its operations in 1993, after the Government of India allowed new private banks to be established. The Bank was promoted in 1993 jointly by the Administrator of the Unit Trust of India (UTI-I),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.nnIn 2001 UTI Bank agreed to merge with and amalgamate Global Trust Bank, but the Reserve Bank of India (RBI) withheld approval and nothing came of this. In 2004 the RBI put Global Trust into moratorium and supervised its merger into Oriental Bank of Commerce.nnIn 2003 UTI Bank became the first Indian bank to launch the travel currency card.nIn 2005, UTI bank got listed on London Stock Exchange.nnUTI Bank opened its first overseas branch in 2006 Singapore. That same year it opened a representative office in Shanghai, China. UTI Bank opened a branch in the Dubai International Financial Centre in 2007. That same year it began branch operations in Hong Kong. In 2008 it opened a representative office in Dubai.nnWith effect from July 30, 2007, UTI Bank changed its name to Axis Bank.nnAxis Bank opened a branch in Colombo in October 2011, as a Licensed Commercial Bank supervised by the Central Bank of Sri Lanka. Also in 2011, Axis Bank opened a representative offices in Abu Dhabi.In 2011, Axis bank inaugurated Axis House, its new corporate office in Worli, Mumbai.nnIn 2013, Axis Bank's subsidiary, Axis Bank UK commenced banking operations. Axis Bank UK has a branch in London.nnDeepika Padukone, a Mumbai Film Industry (a.k.a. Bollywood ) actress is the brand ambassador of Axis Bank.nnIn 2015, Axis Bank opens its representative office in Dhaka.nnThe bank has over 50,000 employees (as of 31 March 2016). The bank incurred ₹26.7 billion (US$410 million) on employee benefits during the FY 2012–13. The average age of an Axis Bank employee is 29 years. The attrition rate in Axis Bank is approx. 9% per year.

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