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OBC Q2 net dips 24% to Rs236.24 cr

OBC Q2 net dips 24% to Rs236.24 cr
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First Published: Mon, Oct 29 2007. 02 28 PM IST
Updated: Mon, Oct 29 2007. 02 28 PM IST
By PTI
New Delhi: State-run Oriental Bank of Commerce posted 23.97% decline in net profit at Rs236.24 crore for the quarter ended 30 September, as against Rs310.75 crore in the same period last year.
However, total income of the bank rose 28.10% to Rs1,788.21 crore for the second quarter as compared to Rs1395.86 crore in the year-ago period, the company officials said here.
For the half year ended 30 September, the net profit declined 6.29% to Rs 436.66 crore as against Rs466.01 crore in the corresponding period. However, the total income during the first half of the current fiscal shot up 31.93% to Rs3,468.55 crore as compared to Rs2,628.90 crore in the same period last year.
Total business of the bank stood at Rs1,16,042 crore as on 30 September.
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First Published: Mon, Oct 29 2007. 02 28 PM IST