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Oriental Bank of Commerce’s Q2 net declines by 58%

31 Oct 2011 Evaluate

Oriental Bank of Commerce has announced the results for the quarter ended September 30, 2011.

The bank’s net profit for the second quarter declined by 57.82% at Rs 167.74 crore as compared to Rs 397.65 crore for the quarter ended September 30, 2010. The bank’s total income has increased by 27.21% at Rs 4078.48 crore for the quarter under review from Rs 3206.04 crore for the corresponding quarter of the previous year.

Peers
Company Name CMP
State Bank Of India 997.00
PNB 116.65
Bank Of Baroda 237.80
Canara Bank 123.90
Union Bank Of India 178.00
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