Oriental Bank Q2 net up 35% at Rs 236.89 cr

State-run Oriental Bank of Commerce today said it has posted a net profit of Rs 236.89 crore for the second quarter ended September 30, a 35.37 per cent growth over the corresponding period a year ago.     

The bank had a net profit of Rs 175 crore in the same quarter last fiscal, OBC said in a release.     

The total income rose 32 per cent to Rs 2,361 crore for the quarter under review, from Rs 1,788.21 crore in the year-ago period.     

For the half year ended September 30, the bank reported a net profit of Rs 457.41 crore, a 45.58 per cent growth over the year-ago period.     

 

OBC had a net profit of Rs 314.18 crore in the six-month ended September 30, 2007.     

The half yearly total income rose to Rs 4,520.21 crore, from Rs 3,468.55 crore in the same period last year.     

At the end of the September quarter, the bank had a capital adequacy ratio of 12.03 per cent, it said.     

Shares of OBC were trading at Rs 157.50, down 2.14 per cent in the late afternoon trade on the Bombay Stock Exchange.