The total income for the third quarter rose by 104 per cent toRs 265.85 crore from Rs 130.33 crore in the third quarter of the last fiscal.

For the nine months ended December 31, 2000, the bank has reported a 146 per cent growth in its net profit to Rs 58.20 crore from Rs 23.65 crore recorded in the first nine months of the previous fiscal. For the nine-month period, the bank's total income rose by 83 per cent to Rs 703.89 crore from Rs 385.69 crore.

The bank's unaudited results were announced after the bank's board meeting held here on Tuesday.

The deposits of the bank increased by 129 per cent to Rs 8,232 crore as on December 31, 2000, as against Rs 3,599 crore as on December 31, 1999. The low-cost savings deposits have recorded a growth of 99 per cent to Rs 459 crore from Rs 231 crore as on December 31, 1999. The advances have grown by 70 per cent to Rs 4,292 crore from Rs 2,525 crore.

The branch network has grown to 79 branches and 11 extention counters from 43 branches and one extention counter. The ATM network has grown up to 225 ATMs from 57 ATMs and is expected to increase to 300 ATMs by the current financial year.

UTI Bank is the clearing bank for NSE and BSE. It is also a clearing member with the derivatives segment of the NSE. The bank today provides comprehensive facilities to broker clients banking with it. It has also built up expertise in offering cash management services by managing the transfer of over Rs 20,000 crore of funds during the nine months of the current fiscal.