Oriental Bank of Commerce (OBC) on Monday posted 58 per cent decline in net profit to Rs 167.7 crore for the second quarter ended September 30, 2011, as against Rs 397.65 cr posted in the same period of last year.
The total income however, increased to Rs 4,078.48 crore during the July-September quarter, compared with Rs 3,206.04 crore over the same period of last fiscal, OBC said in a filing to the BSE.
During the first half of 2011-12, the bank registered 31 per cent fall in net profit to Rs 522.44 crore, compared to Rs 760.96 crore in the same period a year ago.
The bank reported a total income of Rs 7,998.84 crore in the first six months, compared to Rs 6,251.58 crore in the previous financial year.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.