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UTI Bank Limited (UTI)

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Thursday 29 June, 2006

UTI Bank Limited

Issue of Debt

UTI Bank Limited
29 June 2006


UTB/AHD/PJO/288/2006-07

June 28, 2006

Ahmedabad Stock Exchange Limited

First Floor, Kamdhenu Complex,

Nr. Panjara Pole,

Ahmedabad - 380 015

Dear Sir,      Kind Attn : Shri K. K. Mishra - Sr. General Manager (CS)

 SUB : ALLOTMENT OF UNSECURED NON-CONVERTIBLE DEBENTURES - SR XI -TRANCHE -II-
                                    UTI BANK

We are pleased to inform that the Board of Directors of the Bank has today
approved the allotment of 1,384 Unsecured Non-Convertible Redeemable Debentures
of Rs. 10,00,000/- each aggregating to Rs. 138.40 crores (including green shoe
option of Rs. 38.40 crores) to various investors on the private placement basis
as the Bank's Tier-II capital. The Debentures are issued for a period of 87/120
months.

You are requested to take the above on record.

Yours faithfully,

P. J. Oza

Company Secretary &

Vice President (Human Resources)

C.C. to : Shri S. Miranda, Asst. General Manager, Bombay Stock Exchange Limited, Mumbai

Shri Hari K, Asst. Vice President, National Stock Exchange of India, Mumbai

Shri S. Gopalan, Vice President, National Securities Depository Ltd., Mumbai

Shri Ram Kumar , Operations, Central Depository Services (India) Limited, Mumbai

The London Stock Exchange, UK

                      This information is provided by RNS
            The company news service from the London Stock Exchange