UTI Bank has reported a 44.01 per cent jump in net profit for the third quarter ended December 31, 2002, to Rs 51.50 crore from Rs 35.76 crore in the corresponding period of the previous year.
The net profit for the nine-month period ended December 31, 2002, was up by 42.47 per cent to Rs 131.65 crore against Rs 92.08 crore the previous year.
Total income for the quarter ended December 31, 2002, increased by 24.20 per cent to Rs 489.43 crore from Rs 394.04 crore. The interest income of the bank rose by 30.08 per cent to Rs 376.90 crore, while other income rose by 7.89 per cent to Rs 112.53 crore. For the nine-month period, net interest income rose by 89 per cent to Rs 222.79 crore from Rs 118.08 crore.
Fee incomes for the period rose by 48 per cent to Rs 102.28 crore, while trading income fell by 18 per cent to Rs 184.52 crore.
UTI Bank chairman and managing director P J Nayak said,
