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Oriental Bank of Commerce reports marginal rise in Q4 net profit

30 Apr 2014 Evaluate

Oriental Bank of Commerce has reported results for fourth quarter and year ended March 31, 2014.

The bank has reported a marginal rise of 0.77% in its net profit after tax at Rs 310.32 crore for the quarter ended March 31, 2014 as compared to Rs 307.94 crore for the same quarter in the previous year. Total income of the bank has increased by 13.19% at Rs 5655.36 crore for quarter under review as compared to Rs 4996.01 crore for the quarter ended March 31, 2013.

For the year ended March 31, 2014, the bank has posted fall of 14.19% in its net profit after tax at Rs 1139.41 crore as compared to Rs 1327.95 crore for the same period in the previous year. However, total income of bank has increased by 8.28% at Rs 20962.75 crore for year under review as compared to Rs 19359.49 crore for the period ended March 31, 2013.

 

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