Axis Bank

1993
 
 - The Bank was incorporated on 3rd December and Certificate of
 business
 on 14th December.  The Bank transacts banking business of all
 description.  UTI Bank Ltd. was promoted by Unit Trust of India,
 Life
 Insurance Corporation of India, General Insurance Corporation of
 India
 and its four subsidiaries.
 
 - The bank was the first private sector bank to get a license under
 the
 new guidelines issued by the RBI.
 
 1997
 
 - The Bank obtained license to act as Depository Participant with
 NSDL
 and applied for registration with SEBI to act as `Trustee to
 Debenture
 Holders'.
 
 - Rupees 100 crores was contributed by UTI, the rest from LIC Rs 7.5
 crores, GIC and its four subsidiaries Rs 1.5 crores each.
 
 1998
 
 - The Bank has 28 branches in urban and semi urban areas as on 31st
 July.  All the branches are fully computerised and networked through
 VSAT.  ATM services are available in 27 branches.
 
 - The Bank came out with a public issue of 1,50,00,000 No. of equity
 shares of Rs 10 each at a premium of Rs 11 per share aggregating to
 Rs
 31.50 crores and Offer for sale of 2,00,00,000 No. of equity shares
 for
 cash at a price of Rs 21 per share.  Out of the public issue
 2,20,000
 shares were reserved for allotment on preferencial basis to
 employees
 of UTI Bank.  Balance of 3,47,80,000 shares were offered to the
 public.
 
 - The company offers ATM cards, using which account-holders can
 withdraw money from any of the bank's ATMs across the country which
 are
 inter-connected by VSAT.
 
 - UTI Bank has launched a new retail product with operational
 flexibility for its customers.
 
 - UTI Bank will sign a co-brand agreement with the market, leader,
 Citibank NA for entering into the highly promising credit card
 business.
 
 - UTI Bank promoted by India's pioneer mutual fund Unit Trust of
 India
 along with LIC, GIC and its four subsidiaries.
 
 1999
 
 - UTI Bank and Citibank have launched an international co-branded
 credit card.
 
 - UTI Bank and Citibank have come together to launch an
 international
 co-branded credit card under the MasterCard umbrella.
 
 - UTI Bank Ltd has inaugurated an off site ATM at Ashok Nagar here,
 taking the total number of its off site ATMs to 13.m
 
 2000
 
 - The Bank has announced the launch of Tele-Depository Services for
 its
 depository clients.
 
 - UTI Bank has launch of `iConnect', its Internet banking Product.
 
 - UTI Bank has signed a memorandum of understanding with
 equitymaster.com for e-broking activities of the site.
 
 - Infinity.com financial Securities Ltd., an e-broking outfit is
 typing
 up with UTI Bank for a banking interface.
 
 - Geojit Securities Ltd, the first company to start online trading
 services, has signed a MoU with UTI Bank to enable investors to
 buy\sell demat stocks through the company's website.
 
 - Indiabulls has signed a memorandum of understanding with UTI Bank.
 
 - UTI Bank has entered into an agreement with Stock Holding
 Corporation
 of India for providing loans against shares to SCHCIL's customers
 and
 funding investors in public and rights issues.
 
 - ICRA has upgraded the rating og UTI Bank's Rs 500-crore
 certificate
 of deposit programme to A1+.
 
 - UTI Bank has tied up with L&T Trade.com for providing customised
 online trading solution for brokers.
 
 2001
 
 - UTI Bank launched a private placement of non-convertible
 debentures
 to raise up to Rs 75 crore.
           
 - UTI Bank has opened two offsite ATMs and one extension counter
 with
 an ATM in Mangalore, taking its total number of ATMs across the
 country
 to 355.
 
 - UTI Bank has recorded a 62 per cent rise in net profit for the
 quarter ended September 30, 2001, at Rs 30.95 crore. For the second
 quarter ended September 30, 2000, the net profit was Rs 19.08 crore.
 The total income of the bank during the quarter was up 53 per cent
 at
 Rs 366.25 crore.
 
 2002
 
 - UTI Bank Ltd has informed BSE that Shri B R Barwale has resigned as
 a
 Director of the Bank w.e.f. January 02, 2002. A C Shah, former
 chairman
 of Bank of Baroda, also retired from the bank’s board in the third
 quarter of last year. His place continues to be vacant. M Damodaran
 took over as the director of the board after taking in the reins of
 UTI.  B S Pandit has also joined the bank’s board subsequent to the
 retirement of K G Vassal.
 
 - UTI Bank Ltd has informed that Shri Paul Fletcher has been
 appointed
 as an Additional Director Nominee of CDC Financial Service
 (Mauritius)
 Ltd of the Bank.And Shri Donald Peck has been appointed as an
 Additional Director (nominee of South Asia Regional Fund) of the
 Bank.
 
 - UTI Bank Ltd has informed that on laying down the office of
 Chairman
 of LIC on being appointed as Chairman of SEBI, Shri G N Bajpai,
 Nominee
 Director of LIC has resigned as a Director of the Bank.
 
 2002 
 
 - B Paranjpe & Abid Hussain cease to be the Directors of UTI Bank.
 
 - UTI Bank Ltd has informed that in the meeting of the Board of
 Directors  following decisions were taken: Mr Yash Mahajan, Vice
 Chairman and Managing Director of Punjab Tractors Ltd was appointed
 as an Additional Director with immediate effect. Mr N C Singhal
 former Vice Chairman and Managing Director of SCICI was appointed as
 an Additional Director with immediate effect.
 
 -ABN Amro, UTI Bank in pact to share ATMs.
 
 -UTI Bank Ltd has informed BSE that a meeting of the Board of
 Directors of the Bank is scheduled to be held on October 24, 2002 to
 consider and take on record the unaudited half yearly/quarterly
 financial results of the Bank for the half year/Quarter ended
 September 30, 2002.
 
 -UTI Bank Ltd has informed that Shri J M Trivedi has been appointed
 as an alternate director to Shri Donald Peck with effect from
 November 2, 2002.
 
 2003
 
 -UTI Bank Ltd has informed BSE that at the meeting of the Board of
 Directors of the company held on January 16, 2003, Shri R N
 Bharadwaj, Managing Director of LIC has been appointed as an
 Additional Director of the Bank with immediate effect.
 
 - UTI Bank, the private sector bank has opeaned a branch at Nellore.
 The bank's Chairman and Managing Director, Dr P.J. Nayak,
 inaugurating the bank branch at GT Road on May 26. Speaking on the
 occasion, Dr Nayak said, This marks another step towards the
 extensive customer banking focus that we are providing across the
 country and reinforces our commitment to bring superior banking
 services, marked by convenience and closeness to customers.
 
 -UTI Bank Ltd. has informed the Exchange that at its meeting held on
 June 25, 2003 the BOD have decided the following: 1) To appoint Mr. A
 T Pannir Selvam, former CMD of Union Bank of India and Prof. Jayanth
 Varma of the Indian Institute of Management, Ahmedabad as additional
 directors of the Bank with immediate effect. Further, Mr. Pannir
 Selvam will be the nominee director of the Administrator of the
 specified undertaking of the Unit Trust of India (UTI-I) and Mr.
 Jayanth Varma will be an Independent Director. 2) To issue
 Non-Convertible Unsecured Redeemable Debentures upto Rs.100 crs, in
 one or more tranches as the Bank's Tier - II capital.
 
 -UTI has been authorised to launch 16 ATMs on the Western Railway
 Stations of 
 Mumbai Division.
 
 -UTI filed suit against financial institutions IFCI Ltd in the debt
 recovery tribunal at Mumbai
 to recover Rs.85cr in dues.
 
 -UTI bank made an entry to the Food Credit Programme, it has made an
 entry into the
 59 cluster which includes private sector, public sector, old private
 sector and co-operative
 banks.
 
 -Shri Ajeet Prasad, Nminee of UTI has resigned as the director of the
 bank.
 
 -Banks Chairman and MD Dr.P.J.Nayak inaugurated a new branch at
 Nellore.
 
 -UTI bank allots shares under Employee Stock Option Scheme to its
 employees.
 
 -Unveils pre-paid travel card 'Visa Electron Travel Currency Card'
 
 -Allotment of 58923 equity shares of Rs 10 each under ESOP.
 
 -UTI Bank ties up with UK govt fund for contract farming
 
 -Shri B S Pandit, nominee of the Administrator of the Specified
 Undertaking of the Unit Trust of India (UTI-I) has resigned as a
 director from the Bank wef November 12, 2003.
 
 -UTI Bank unveils new ATM in Sikkim
 
 2004
 
 -Comes out with Rs. 500 mn Unsecured Redeemable Non-Convertible
 Debenture Issue, issue fully subscribed
 
 -UTI Bank Ltd has informed that Shri Ajeet Prasad, Nominee of the
 Administrator of the Specified Undertaking of the Unit Trust of India
 (UTI - I) has been appointed as an Additional Director of the Bank
 w.e.f. January 20, 2004.
 
 -UTI Bank opens new branch in Udupi
 
 -UTI Bank, Geojit in pact for trading platform in Qatar
 
 -UTI Bank ties up with Shriram Group Cos
 
 -Unveils premium payment facility through ATMs applicable to LIC &
 UTI Bank customers
 
 -Metaljunction (MJ)- the online trading and procurement joint venture
 of Tata Steel and Steel Authority of India (SAIL)- has roped in UTI
 Bank to start off own equipment for Tata Steel.
 
 -DIEBOLD Systems Private Ltd, a wholly owned subsidiary of Diebold
 Incorporated, has secured a major contract for the supply of ATMs and
 services to UTI Bank
 
 -HSBC completes acquisition of 14.6% stake in UTI Bank for .6 m
 
 -UTI Bank installs ATM in Thiruvananthapuram
 
 -Launches `Remittance Card' in association with Remit2India, a Web
 site offering money-transfer services
 
 2005
 
 - UTI Bank enters into a bancassurance partnership with Bajaj Allianz
 General for selling general insurance products through its branch
 network.
 
 -UTI Bank launches its first Satellite Retail Assets Centre (SRAC) in
 Karnataka at Mangalore.
 
 2006
 
 -UBL sets up branch in Jaipur
 -UTI Bank unveils priority banking lounge