UTI Bank Q4 net up 30%; declares 35% dividend

The bank's total income grew 46% to Rs 1060.72 crore for the fourth quarter in 2005-06 from Rs 722.42 crore in the year-ago period.

UTI Bank Ltd has posted an increase of 30 per cent in net profit at Rs 151.73 crore for quarter ended March 31, 2006 as compared to Rs 116.54 crore for the corresponding period in 2004-05.

HT Image

The bank's total income grew 46 per cent to Rs 1060.72 crore for the fourth quarter in 2005-06 from Rs 722.42 crore in the year-ago period, the bank informed the Bombay Stock Exchange.

The board of directors have recommended a dividend at 35 per cent that is, Rs 3.50 per equity share subject to the shareholders approval.

For the year ended March 31, 2006, the net profit stood at Rs 485.08 crore as compared to Rs 334.58 crore for the same period in 2004-05.

Its total income has increased to Rs 3618.42 crore in 2005-06 from Rs 2339.98 crore in 2004-05.