UTI's Q1 net profit increases by 45 pc

Mumbai, July 12 (UNI) UTI bank has posted a net profit increase of 45.15 percent for the first quarter of the current financial year, at Rs 174.98 crore against Rs 120.55 crore in the corresponding quarter of the previous fiscal.

The net interest income increased by 39 per cent at Rs 446.83 crore for the same period over Rs 321.84 crore in the corresponding quarter of previous year, the bank said in a statement here today.

The Bank generated Rs 70.79 crore of trading profits in Q1, as compared to Rs 15.93 crore in Q1 of the preceding year, a growth of 344 per cent. The share of trading profits to operating revenue increased from 3 per cent in Q1 of the preceding year to 9 per cent in Q1 of the current fiscal, the statement added.

UNI