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UTI Bank Q3 profits up

January 14th, 2007

Thanks to the growing money needs of the growing Indian economy and the way banks are using this opportunity. As excepted by many watchers, UTI Bank has announced its Q3 results for 2006-07.

The Net Profit for the third quarter was Rs. 184.61 crores, up by 40.16% over the Net Profit of Rs. 131.71 crores for the third quarter of last year. The Net Profit of the Bank for the nine months ended December 2006 was Rs. 447.14 crores, up by 34.14% over the Net Profit of Rs. 333.35 crores during the first nine months of the previous year.

Entry Filed under: Equity Markets, Banks & NBFC