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

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.