Axis Bank Regs Regulatory News (AXB)

16 Jan 2006 07:00

UTI Bank Limited14 January 2006 UTI Bank Regd. Office : 'Trishul', 3rd floor, Opp. Samartheshwar Temple, Law Garden, Ellisbridge, Ahmedabad - 380 006. UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2005 Rs. In crores PARTICULARS FOR THE QUARTER FOR THE QUARTER FOR THE FOR THE FOR THE YEAR ENDED ENDED NINE MONTHS NINE MONTHS ENDED 31.12.2005 31.12.2004 ENDED 31.12.2005 ENDED 31.12.2004 31.03.2005 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1. Interest earned 746.70 491.25 2,056.14 1,368.11 1,924.16 (a)+(b)+(c)+(d) (a) Interest/discount 393.19 244.80 1,068.40 692.11 978.77 on advances/bills (b) Income on 335.84 233.44 941.24 614.27 867.60 Investments (c) Interest on 11.10 6.53 28.19 24.47 32.04 balances with Reserve Bank of India and other inter-bank funds (d) Others 6.57 6.48 18.31 37.26 45.75 2. Other Income 173.42 142.96 501.56 249.45 415.82 A. TOTAL INCOME (1+2) 920.12 634.21 2,557.70 1,617.56 2,339.98 3. Interest Expended 459.26 304.22 1,290.77 833.22 1,192.98 4. Operating expenses 204.66 150.54 571.17 418.67 581.38 (e)+(f) (e) Payments to and 62.23 49.93 177.73 130.10 176.85 provisions for employees (f) Other operating 142.43 100.61 393.44 288.57 404.53 expenses B. TOTAL EXPENDITURE 663.92 454.76 1,861.94 1,251.89 1,774.36 (3)+(4) (Excluding Provisions and Contingencies) C. OPERATING PROFIT 256.20 179.45 695.76 365.67 565.62 (A-B) (Profit before Provisions and Contingencies) D. Other Provisions 59.20 31.73 194.36 37.66 61.92 and Contingencies (Net) - of which provisions 9.22 2.64 105.70 5.13 3.04 for Non-performing assets E. Provision for 65.29 46.57 168.05 109.97 169.12 Taxes F. Net Profit (C-D-E) 131.71 101.15 333.35 218.04 334.58 5. Paid-up equity 278.57 232.82 278.57 232.82 273.80 share capital 6. Reserves excluding 2,134.39 revaluation reserves (as per balance sheet of previous accounting year) 7. Analytical Ratios (i) Percentage of NIL NIL NIL NIL NIL Shares held by Government of India (ii) Capital Adequacy 11.58% 9.38% 11.58% 9.38% 12.66% Ratio (iii) Earnings per Share for the period / year * Basic 4.74 4.35 12.00 9.38 14.32 * Diluted 4.65 4.30 11.78 9.26 14.06 (iv) (a) Amount of 431.84 377.79 431.84 377.79 324.77 Gross Non -performing assets (b) Amount of Net 248.46 216.28 248.46 216.28 226.08 Non-performing assets (c) % of Gross NPAs 1.63 2.26 1.63 2.26 1.53 (d) % of Net NPAs 0.95 1.30 0.95 1.30 1.07 (e) Return on Assets 1.24 1.40 1.13 1.13 1.21 (annualized) 8. Aggregate Non-promoter shareholding - Number of shares 201,325,930 155,574,430 201,325,930 155,574,430 196,551,374 - Percentage of shareholding 72.27% 66.82% 72.27% 66.82% 71.79% Notes : 1. The results above have been taken on record by the Board of Directors of the Bank at its meeting held at Mumbai today. 2. 'Other income' includes gains from securities' transactions, commission earned from guarantees/letters of credit, fees earned from providing services to customers, selling of third party products and ATM sharing fees. 3. With effect from 1st April, 2005, the Bank has recognized all fee income on accrual basis as against the earlier practice of accounting such income on receipt basis where it is less than 1% of the total income of the Bank. As a result of this change other income for the nine months ended 31st December, 2005 is higher by Rs. 5.46 crores. 4. Pursuant to the change in provisioning requirement for standard assets from 0.25% to 0.40% as notified by RBI through its circular dated 4th November 2005, the Bank has made an additional provision of Rs. 25.20 crores during the quarter ended 31st December, 2005. 5. Disclosure about investor complaints: Complaints at the Received during Disposed off Unresolved as beginning the quarter during the on of the quarter quarter 31.12.2005 8 140 143 5* * Resolved in the first week of January 2006 6. These results for the nine months ended 31st December, 2005, have been subjected to a "Limited Review" by the Statutory Auditors of the Bank. 7. Previous period figures have been regrouped and reclassified, where necessary, to make them comparable with current quarter figures. Place : Mumbai P.J. NAYAK Date : 13.01.2006 CHAIRMAN & MANAGING DIRECTOR www.utibank.com This information is provided by RNS The company news service from the London Stock Exchange