In a bid to get growth of more than 20% during 2011-12, Oriental Bank of Commerce (OBC) is planning to open over 150 branches during the current fiscal.
At present the bank has more than 1500 branches all over the India and it offers wide range of products and services such as saving accounts, deposits, loans, mutual funds, insurance, internet banking, debit card, credit card.
OBC reported a rise of 5.24% in its net profit of Rs 333.66 crore for the quarter ended March 31, 2011 as compared to Rs 317.04 crore for the quarter ended March 31, 2010. Total income surged by 19.70% to Rs 3532.14 crore for the quarter ended March 31, 2011 where as the same was at Rs 2950.90 crore for the quarter ended March 31, 2010.
