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Oriental Bank of Commerce reports net loss of Rs 1650.22 crore in Q4

15 May 2018 Evaluate

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.


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