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OBC net profit at Rs 204.5 crore

Published on Sat, Apr 26 at 12:37 , Updated at Sat, Apr 26 at 16:47
Source : CNBC-TV18

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Oriental Bank of Commerce, OBC has announced its results for the quarter ended March 2008. It has posted Q4 net loss of Rs 99.44 crore (inclusive exceptional item) versus profit of Rs 54.86 crore.

Exceptional item was worth Rs 304.5 crore on account of amalgamation write off. Excluding that item, the company reported net profit of Rs 204.5 crore as against Rs 117.14 crore.

Net interest income declined at Rs 437 crore from Rs 446.2 crore YoY.

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