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The year 1994 saw the UTI Bank commencing its operations when private banks were allowed to establish in India. UTI, LIC, General Insurance Corporation Ltd. and four other PSU companies jointly administered the bank. At present, the bank has a market capitalization of Rs. 281.46 crores with the public holding at 56.86%. The Registered office of the bank is situated at Ahmedabad and Central Office is located at Mumbai. It has a network of more than 510 branch offices and Extension counters. It has 2200 ATMs, which is one of the largest networks in the country providing 24 hours service. The bank adopts the best industry practices internationally and has strong holding in both retail and corporate banking.
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