Public sector lender Oriental Bank of Commerce today reported a 41.14 per cent jump in net profit to Rs 363.31 crore for the quarter ended June 30. It had posted a net profit of Rs 257.41 crore for the first quarter of the previous fiscal, Oriental Bank of Commerce said in filing to the Bombay Stock Exchange.
The bank also reported an increase of 8.92 per cent in total income to Rs 3,045.54 crore for the first quarter, as against Rs 2,796.10 crore in the year-ago period.
Oriental Bank of Commerce reported a revenue of Rs 1,805.78 crore from its corporate banking segment during the first quarter of this fiscal, up 17.20 per cent over the figure of Rs 1,540.79 crore for the same period of 2009-10, the filing said.
Its revenue from the retail banking segment went up by 35.55 per cent during the quarter ended June 30 to Rs 939.90 crore, as against Rs 693.42 crore in the year-ago period.
Source http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/OBC-Q1-net-profit-up-41-pc-to-Rs-363-cr/articleshow/6232469.cms
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