OBC net down 58% at Rs 168 cr

State-owned Oriental Bank of Commerce (OBC) today posted 58% decline in net profit to Rs 167.7 crore for second quarter ended September 30, 2011.

The bank had a net profit of Rs 397.65 crore in the same quarter last fiscal.

The total income of the lender, however, increased to Rs 4,078.48 crore during the July-September quarter, from Rs 3,206.04 crore over the same period last year, OBC said in a filing to the BSE.

During the first half of 2011-12, the bank registered 31% 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.