Axis Bank has changed its creative partner. From Ogilvy's sister concern, Meridian, the creative duties have moved to Lowe Lintas. Allegedly, no pitch process was involved.
According to informed sources, the annual ad spends of the bank is approximately Rs 40 crore. The media mix will be led by television.
Two years ago, UTI Bank was officially re-named Axis Bank. A major re-branding activity was carried out pan India by its then agency, Meridian (which has been handling the brand till now).
The new avatar was conveyed with a campaign about twins: images of twins (or identical looking objects) emphasised that 'Nothing has changed except the name' for the brand. Sumanto Chattopadhyay, executive creative director, Ogilvy India, had created the TV commercials for the campaign. Outdoor and television were heavily used.
The media duties remain unchanged: Madison Media continues to handle the media duties for the bank, affirms Sam Balsara, chairperson and managing director, Madison World.