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UTI Bank Limited (UTI)

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Tuesday 20 February, 2007

UTI Bank Limited

Issue of Debt

UTI Bank Limited
20 February 2007





             RAISING OF TIER II CAPITAL ON PRIVATE PLACEMENT BASIS


We inform that the Board of Directors of the Bank has at its meeting held today
approved borrowing an amount of upto Rs. 970 crores in one or more tranches, by
issuance of Upper Tier II Debentures and/or Subordinated Tier II Debentures,
subject to the proviso that the latter would not exceed Rs. 303 crores. These
Debentures will be issued on terms and conditions to be approved by the Chairman
and Managing Director and subject to guidelines issued by SEBI, RBI and any
other Regulatory Authority.





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