UTI Bank

History

UTI Bank was the first of the new private banks to have begun
operations in 1994, after the Government of India allowed new private
banks to be established. Unit Trust of India, the largest mutual fund in
India, Life Insurance Corporation of India (LIC) and General
Insurance Corporation Ltd. and its four subsidiaries viz. promoted the
Bank jointly National Insurance Company Ltd., The New India
Assurance Company, The Oriental Insurance Corporation and United
Insurance Company Ltd.

The Bank today is capitalized to the extent of Rs. 191.81 Crore with
the public holding (other than promoters) at 58.29%.

Infrastructure

Branch Network:
The branch network of the bank has grown from 49 branches and 7
extension counters as on 30th June 2000 to 88 branches and 18
extension counters as on 30th June 2001. Taking advantage of the
centralized database underpinned by the banking software, ‘Finacle’,
the Bank now offers anywhere banking across its branches.

ATM Network:
The ATM network of the bank has grown from 93 ATMs as on 30th
June 2000 to 344 ATMs as on 30th June 2001 and the Bank now has
the second largest ATM network in the country. The Bank’s ATM
network has a common ‘Base 24’ switch which ensures anywhere and
anytime access through the ATM network for the customers of UTI
Bank. The ATM network of the Bank is currently ‘MasterCard’ enabled
and is soon going to be ‘VISA’ enabled as well. The Bank has also tied
up with the shared ATM payment network ‘Swadhan’. In June 2001,
89.6% of the cash withdrawals from Saving Bank Accounts were done
through the ATM network.

Products and Services

 Consumer Banking
 Retail Loans
 Corporate Banking
 Treasury
 Capital Markets
 Financial Advisory Services
Milestones

 April 1994 First branch of UTI Bank inaugurated at Ahmedabad

by Dr. Manmohan Singh, Hon'ble Finance Minister, Government
of India.
 March 1995 Completes first profitable year in operation
 September 1998 UTI Bank goes public with a Rs. 71 crore
public issue; Issue over-subscribed 1.2 times, over 1 lakh retail
invesrors UTI holding reduces to 60.85%
 March 1999 Deposit crosses Rs.3000 crores
 February 2000 Retail and institutional marketing department
set-up Bank adopts Finacle software from Infosys for core
banking
 April 2000 Bank launches its Internet banking module,
iConnect Retail loans introduced for the first time by the Bank
 July 2000 E-commerce intiatives announced Financial Advisory
Services offered beginning with marketing of US 64
 October 2000 Bank becomes fully networked
 December 2000 Bank opens its 200th ATM. It becomes the
2nd largest ATM network in the country
 November 2001 The deposit base for the Bank crosses Rs.
10,000 Crore
 December 2001 Total Advances cross Rs 5,000 Crore
 April 2002 The Bank opens its 500th ATM

Mission

 Customer Service and Product Innovation tuned to diverse

needs of individual and corporate clientele.
 Continuous technology up gradation while maintaining human
values.
 Progressive globalization and achieving international standards.
 Efficiency and effectiveness built on ethical practices.

Values

 Customer Satisfaction through

 Providing quality service effectively and efficiently
 Smile, it enhances your face value" is a service quality stressed
on Periodic Customer Service Audits
 Maximization of Stakeholder value
 Success through Teamwork, Integrity and People