Oriental Bank of Commerce has reported results for fourth quarter and year ended March 31, 2018.
The Bank has reported a net loss of Rs 1650.22 crore for the quarter ended March 31, 2018 as compared to a net loss of Rs 1218.01 crore for the same quarter in the previous year. Total income of the Bank decreased by 7.95% at Rs 4689.12 crore for quarter under review as compared to Rs 5093.84 crore for the quarter ended March 31, 2017.
For the year ended March 31, 2018, the Bank has posted a net loss of Rs 5871.74 crore as compared to a net loss of Rs 1094.07 crore for the same period in the previous year. Total income of the Bank decreased by 4.75% at Rs 20181.25 crore for year under review as compared to Rs 21187.85 crore for the period ended March 31, 2017.
