Axis Bank Regs Regulatory News (AXB)

18 Apr 2007 07:00

UTI Bank Limited18 April 2007 UTI BANK The business of the bank has been divided into two segments as follows :- SEGMENT PRINCIPAL ACTIVITIES Treasury Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers and central funding. Other Other Banking Operations inlcude corporate relationships, corporate Banking advisory services, placements and syndication, management of publicOperations issue, project appraisals, depository and capital market related services, cash management services, retail assets and liability products, card services, internet banking, ATM services, financial advisory services and NRI services. Segmental Results (Rs in crores) UTI Bank UTI Bank (Consolidated) For the For the For the For the For the quarter quarter year year year ended ended ended ended ended 31-3-2007 31-3-2006 31-3-2007 31-03-06 31-03-07 1 Segment Revenue a Treasury 2,664.38 1,638.26 8,875.38 5,628.19 8,875.38 b Other Banking Operations 1,688.19 942.88 5,314.56 3,122.17 5,314.35 c Others (1.44) 0.43 (2.43) 1.19 (2.43) Total 4,351.13 2,581.57 14,187.51 8,751.55 14,187.30 Less Inter segment revenue 2,683.26 1,520.85 8,617.00 5,133.13 8,617.00 Income from Operations 1,667.87 1,060.72 5,570.51 3,618.42 5,570.30 2 Segment Results After Provisions & BeforeTax a Treasury 1.52 102.58 226.46 415.54 226.46 b Other Banking Operations 315.71 127.02 772.21 314.70 767.38 c Others (1.44) 0.29 (2.43) 1.05 (2.43) Total Profit Before Tax 315.79 229.89 996.24 731.29 991.41 3 Capital Employed a Treasury (2,734.81) 2,266.20 (2,734.81) 2,266.20 (2,744.80) b Other Banking Operations 5,261.93 749.84 5,261.93 749.84 5,262.49 c Others 866.11 (143.85) 866.11 (143.85) 870.76 Total 3,393.23 2,872.19 3,393.23 2,872.19 3,388.45 Notes:1. The operational results of UTI Bank's subsidiaries have been classified under Other BankingOperations for the purposes of consolidated segment results for the year ended 31.3.2007 2. Previous period figures have been regrouped and reclassified, where necessary, to make themcomparable with current quarter figures. This information is provided by RNS The company news service from the London Stock Exchange