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UTI Bank Limited (UTI)

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Thursday 12 July, 2007

UTI Bank Limited

1st Quarter Results

UTI Bank Limited
12 July 2007


   BOARD MEETING OF UTI BANK TO CONSIDER UNAUDITED QUARTERLY RESULTS FOR THE
                       QUARTER (Q1) ENDED 30TH JUNE, 2007


Pursuant to the provisions of clause 41 of the Listing Agreement, we enclose
herewith a copy of the UNAUDITED QUARTERLY FINANCIAL RESULTS OF UTI BANK FOR THE
QUARTER (Q1) ENDED 30TH JUNE, 2007 in the prescribed format.

The said results are taken on record by the Board of Directors of the Bank at
its meeting held today at Mumbai. We have already made necessary arrangements
for publication of the said results in the Newspapers.


                                   UTI Bank

  Regd. Office : 'Trishul', 3rd floor, Opp. Samartheshwar Temple, Law Garden,
                                  Ellisbridge,
                              Ahmedabad - 380 006.


UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2007
                (Rs. in crores)

                                                       FOR THE QUARTER    FOR THE QUARTER   FOR THE YEAR ENDED
                   PARTICULARS                              ENDED              ENDED            31.03.2007
                                                         30.06.2007          30.06.2006
                                                         (Unaudited)         (Unaudited)            (Audited)

1.        Interest earned (a)+(b)+(c)+(d)                    1,536.97             953.92           4,560.40
(a)    Interest/discount on advances/bills                   1,012.41             550.34           2,702.85
(b)    Income on Investments                                   491.92             375.54           1,731.47
(c)     Interest on balances with Reserve Bank of
India and other inter-bank funds                                19.36              16.44              77.30
(d)    Others                                                   13.28              11.60              48.78
2.        Other Income                                         342.32             200.48             911.36
A.       TOTAL INCOME (1+2)                                  1,879.29           1,154.40           5,471.76
3.        Interest Expended                                  1,090.14             632.08           2,993.32
4.        Operating expenses (e)+(f)                           421.21             239.16           1,214.59
(e)     Payments to and provisions for employees               147.90              79.69             381.35
(f)       Other operating expenses                             273.31             159.47             833.24
B.        TOTAL EXPENDITURE (3)+(4) (Excluding
Provisions and Contingencies)                                1,511.35             871.24           4,207.91
C.      OPERATING PROFIT (A-B) (Profit before
Provisions and Contingencies)                                  367.94             283.16           1,263.85
D.       Other Provisions and Contingencies (Net)              100.91             100.79             267.61
- of which provisions for Non-performing assets                 49.61              13.78              73.73
E.        Provision for Taxes                                   92.05              61.82             337.21
F.        Net Profit (C-D-E)                                   174.98             120.55             659.03
5.        Paid-up equity share capital                         282.65             280.13             281.63
6.        Reserves excluding revaluation reserves                                                  3,111.60
     (as per balance sheet of previous accounting
year)
7.        Analytical Ratios
     (i)        Percentage of Shares held by
Government of India                                               NIL                NIL                NIL
    (ii)        Capital Adequacy Ratio                         11.50%             10.28%             11.57%
   (iii)        Earnings per Share for the period
/ year                                                           6.20               4.31              23.50
-          Basic                                                 6.00               4.22              22.79
-          Diluted
 (iv)    (a) Amount of Gross Non-performing                    483.13             404.38             418.67
assets
   (b) Amount of Net Non-performing assets                     281.21             232.79             266.33
         (c) % of Gross NPAs                                     1.01               1.25               0.95
         (d) % of Net NPAs                                       0.59               0.73               0.61
        (e) Return on Assets (annualized)                        0.94               0.93               1.10
8.         Aggregate public shareholding

-          Number of shares                               151,152,504        143,792,939        148,241,566
-          Percentage of shareholding                          53.48%             51.33%             52.64%



Notes :
     
1.   The results above have been taken on record by the Board of Directors
     of the Bank at its meeting held at Mumbai today.

2.   'Other income' includes gains from securities' transactions (net of premium 
     amortised on HTM securities), commission earned from guarantees/letters of 
     credit, fees earned from providing services to customers, selling of third
     party products and ATM sharing fees.

3.   Pursuant to the approval of the shareholders at the Extra-Ordinary General 
     Meeting on 25th June 2007, the Bank has increased its authorized share
     capital from Rs. 300 crores to Rs. 500 crores.

4.   Disclosure about investor complaints:


  Complaints at the   Received  during the quarter   Disposed off during the      Unresolved as on
  beginning of the                                           quarter                 30.06.2007
       quarter

          -                        98                           98                        -

     
5.   These results for the quarter ended 30th June 2007, have been subjected to 
     a 'Limited Review' by the Statutory Auditors of the Bank.

6.   Previous period figures have been regrouped and reclassified, where
     necessary, to make them comparable with current quarter figures.


    Place : Mumbai                            P.J. NAYAK
    Date : 12.07.2007                         CHAIRMAN & MANAGING DIRECTOR

                         www.utibank.com






UTI BANK
    Segmental Results
                                                                                       (Rs in crores)
                                                    For the           For the        For the  year ended
                                                 quarter ended     quarter ended          31-03-07
                                                    30-06-2007        30-06-2006
         1       Segment Revenue
         a.      Treasury                            2,943.18          1,833.13           8,780.50
         b.      Corporate/Wholesale Banking         1,109.94          1,074.31           5,308.26
         c.      Retail Banking                       797.89
         d.      Other Banking Business                0.16
                 Total                               4,851.17          2,907.44           14,088.76
                 Less Inter segment revenue          2,971.88          1,753.04           8,617.00
                 Income from Operations              1,879.29          1,154.40           5,471.76

         2       Segment Results After Provisions & Before Tax
         a.      Treasury                             (20.90)            9.46              226.46
         b.      Corporate/Wholesale Banking          271.10            172.91             769.78
         c.      Retail Banking                        16.67
         d.      Other Banking Business                0.16
                 Total Profit Before Tax              267.03            182.37             996.24
         3       Capital Employed
         a.      Treasury                           (5,804.88)         1,493.27          (2,734.81)
         b.      Corporate/Wholesale Banking         15,581.83         1,504.58           6,128.04
         c.      Retail Banking                     (7,153.95)
         d.      Other Banking Business               966.45
                 Total                               3,589.45          2,997.85           3,393.23

Notes:       

1.   Effective 1st April 2007, the Bank has adopted RBI's revised guidelines 
     issued in April 2007 on segment reporting in terms of which the reportable 
     segments have been changed to Treasury, Corporate / Wholesale Banking, 
     Retail Banking and Other Banking Business.

2.   Segmental disclosures relating to the corresponding previous-year period 
     and for the year ended 31st March, 2007, have been disclosed based on 
     reportable segments then in force and are hence not comparable with the 
     figures for the current quarter.




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