State-run Oriental Bank of Commerce today posted a net profit of Rs 196.82 crore in the fourth quarter ended March 31, 2009, while it had a net loss of Rs 99.44 crore in the same period last fiscal.
The total income rose 30% to Rs 2,689.38 crore during the March quarter from Rs 2,071.01 crore in the corresponding period last fiscal, OBC said in a statement.
The board has declared a dividend of 73%, on shares of face value of Rs 10, for the financial year 2008-09.
The total business of the bank at the end of March 31, 2009, stood at Rs 1,67,434 crore.
For the financial year ended March 31, OBC reported over two-fold growth in net profit at Rs 906 crore. It had a net profit of Rs 363 crore in FY'08.
The total income rose to Rs 9,927.79 crore during FY'09, from Rs 7,454.84 crore in the previous fiscal.
During the quarter, the bank's interest income grew 23% at Rs 2,348.11 crore, while the interest expenditure stood at Rs 1,887.81 crore, up 28% over the same period last fiscal.
Shares of OBC were trading at Rs 134.90, down 0.66% in the late afternoon trade on the BSE.
Top Section
Explore Business Standard