Oriental Bank of Commerce (OBC) has reported a fall of 20.61% in its fourth quarter net profit at Rs 264.90 crore as compared to Rs 333.66 crore during the same quarter previous year. Though, the bank’s total income rose 29.23% to Rs 4564.53 crore from Rs 3532.13 crore for the corresponding quarter last fiscal.
For the full year ended March 31, 2012, the bank has posted a drop of 24.04% in its net profit at Rs 1141.56 crore for the year ended March 31, 2012 as compared to Rs 1502.87 crore for the same period in the previous year. However, total income of the bank has jumped 30.71% at Rs 17055.13 crore for year under review as compared to Rs 13047.89 crore for the period ended March 31, 2011.
