Stock Focus

In Focus: New Account

Constant growth and network expansion may keep the counter busy

UTI Bank (Idirect Code: UTIban) posted robust results for the third quarter of 2006-07, growing at 40 per cent y-o-y. The bank has managed to grow consistently at more than 30 per cent in 26 of the last 28 quarters. While expenses increased by 67 per cent, these were attributed to branch expansions. Profits were boosted by 61 per cent growth in other income, concurrently the net in

This article was originally published on February 01, 2007.


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