OBC Q2 net up 35% at Rs236.89 cr

OBC Q2 net up 35% at Rs236.89 cr


New Delhi: State-run Oriental Bank of Commerce today said it has posted a net profit of Rs236.89 crore for the second quarter ended 30 September, a 35.37% growth over the corresponding period a year ago.

The bank had a net profit of Rs175 crore in the same quarter last fiscal, OBC said in a release.

The total income rose 32% to Rs2,361 crore for the quarter under review, from Rs1,788.21 crore in the year-ago period.

For the half year ended 30 September, the bank reported a net profit of Rs457.41 crore, a 45.58% growth over the year-ago period.

OBC had a net profit of Rs314.18 crore in the six-month ended 30 September 30.

The half yearly total income rose to Rs4,520.21 crore, from Rs3,468.55 crore in the same period last year.

At the end of the September quarter, the bank had a capital adequacy ratio of 12.03%, it said.

Shares of OBC were trading at Rs157.50, down 2.14% in the late afternoon trade on the Bombay Stock Exchange.