OBC Q4 net loss at Rs 99 cr
OBC, which had to provide for Rs 305 crore towards losses of GTB till March 2009, decided to write off the losses in one go in the quarter under review.
Total income of the bank during January-March rose 31 per cent to Rs 2,071 crore compared to Rs 1,577 crore in the corresponding quarter a year ago.
Meanwhile, the bank today said it has a headroom to raise Rs 2,285 crore in 2008-09 through debt to support growth in credit.