MUMBAI, June 11: UTI Bank Ltd has showed improved performance after completion of the third year of its operations during 1996-97. On an income level of Rs 181.75 crore, which is 23 % higher than last year's, the bank posted a gross profit of Rs 39.54 crore against Rs 32 crore.

After making full provision for tax, loan assets and investments as well as substantial depreciation on fixed assets, writing off the entire preliminary expenses and setting adequate funds for retirement benefits of the staff, the profit available for appropriation came to Rs 15.02 crore which is 34 % higher than last year. Aggregate deposits of the bank touched a level of Rs 1408.66 crore.

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