UTI Bank FY05 net up 20%

UTI Bank today reported a 20% increase in net profit at Rs 334.58 crore for the year ended March 31, 2005 as against Rs 278.31 crore in FY04.

According to a release issued by the bank to the BSE today, total income as increased to Rs 2,339.98 crore for the year ended March 31, 2005 from Rs 2,138.69 crore in FY04.

The board has recommended a dividend of 28% i.e Rs 2.80 per share for the year ended March 31, 2005 (as against Rs 2.50 per share in FY04), the release added.