OBC Q4 net profit up 5% at Rs 333.6 cr

New Delhi: Public sector lender Oriental Bank of Commerce (OBC) announced a 5 per cent increase in net profit to Rs 333.6 crore for the fourth quarter ended 31 March, 2011.

The bank had posted a net profit of Rs 317 crore for the same quarter of the previous fiscal.

Total income of the bank increased to Rs 3,532.1 crore during the quarter from Rs 2,950.9 crore in the same period a year ago.

For the fiscal ended March 31, 2011, the net profit of the bank rose by 32 per cent to Rs 1,502.8 crore from Rs 1,134.6 crore recorded in the previous fiscal.

At the same time, total income improved to Rs 13,047.8 crore from from Rs 11,457.1 crore in FY 2009-10.

Source: Financial Express