Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

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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

                       QUARTER (Q1) ENDED 30TH JUNE, 2007

Pursuant to the provisions of clause 41 of the Listing Agreement, we enclose
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,
                              Ahmedabad - 380 006.

                (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
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
   (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

          -                        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


    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


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.

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