UTI Bank rechristened Axis Bank Ltd

New Delhi, July 30 (UNI) UTI Bank Ltd today said its name has been changed to Axis Bank Ltd and the Registrar of Companies has issued a fresh certificate of incorporation to the bank for the new name.

''The change in name was considered for avoiding confusion as several unrelated entities were using the UTI brand,'' the bank's Executive Director (corporate strategy) R Ashok Kumar had said earlier.

The change of name is effective from today.

The UTI brand is owned by UTI Asset Management Company.

The bank would also change logo and colour of logo.

UNI