Oriental Bank of Commerce Q4 net profit rises over 16% to Rs 308 cr

The state-owned bank's net profit stood at Rs 264.9 crore in the year-ago period.

Written by PTI | Mumbai | Published:May 2, 2013 1:46 pm

Oriental Bank of Commerce (OBC) today reported an increase of 16.24 per cent in net profit at Rs 307.94 crore for the fourth quarter ended March 31,2013.

The state-owned bank’s net profit stood at Rs 264.9 crore in the year-ago period.

Total income of the bank increased from Rs 4,564.53 crore for the quarter ended March 31,2012 to Rs 4,996 crore for the quarter ended March 31,2013,OBC said in a BSE filing.

For the full-year ended March 31,2013,the bank’s net profit rose by 16.33 per cent to Rs 1,327.95 crore from Rs 1,141.56 crore in 2011-12.

Total income increased to Rs 19,359.49 crore for the entire year ended March 31,2013,from Rs 17,055.13 crore in 2011-12.

The board of directors of the bank have proposed a dividend of Rs 9.20 per share for the year ended March 31,2013,the statement said.

Shares of OBC were trading at Rs 264.65,down 1.27 per cent from their previous close,in the afternoon trade on the BSE.

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