UTI Bank Q1 net up 45% at Rs 175cr

UTI Bank today reported a 45% increase in net profit at Rs 174.98 crore for the first quarter ended June 30, 2007 when compared with Rs 120.55 crore in Q1FY07.

According to a release issued by the bank to the BSE today, total income increased to Rs 1,879.29 crore in Q1FY08 from Rs 1,154.40 crore in the quarter ended June 30, 2006.