UTI Bank net profit surges 31 per cent

UTI Bank Ltd has posted a 31.07 per cent rise in its first quarter net profit at Rs 92.63 crore as against Rs 70.67 crore in the first quarter of 2004-05.

The total income for the reporting quarter rose to Rs 771.85 crore from Rs 537.63 crore in April-June 2004.

UTI Bank’s net interest income rose by 33 per cent to Rs 222.48 crore as against Rs 167.14 crore posted in the first quarter of last fiscal while its fee and other income grew by 45 per cent to Rs 114.88 crore (Rs 79.03 crore in the first quarter, FY’05).