Oriental Bank of Commerce (OBC) has posted a 3% increase in net profit at Rs 237.7 crore for the quarter ended March 31, 2005 as compared to Rs 228.68 crore for the same quarter last year. According to a release issued to the BSE today, total income has increased from Rs 1018.11 crore in Q4-04 to Rs 1117.77 crore for the quarter ended March 31, 2005.OBC has reported a net profit of Rs 760.81 crore for the year ended March 31, 2005 as compared to Rs 686.07 crore the previous fiscal. Total income for the year has increased from Rs 4022.25 crore to Rs 4077.1 crore for the year ended March 31, 2005.The board of OBC has declared 30% dividend.As per the release Global Trust Bank (GTB) has been amalgamated with Oriental Bank of Commerce (OBC) and the above results include the figures of erstwhile GTB for the period ended March 31, 2005.
