Thursday, 14 May 2015

Oriental Bank of Commerce net profit at Rs. 497 cr in FY15

OBC has recommended a dividend at Rs. 3.30 per share for year ended March 31, 2015 

Oriental Bank of Commerce, OBC
Oriental Bank of Commerce reported a net loss of Rs. 1784.40 million for the quarter ended March 31, 2015 as compared to net profit of Rs. 3103.20 million for the quarter ended March 31, 2014.

Total Income has increased from Rs. 56553.60 million for the quarter ended March 31, 2014 to Rs. 57193.90 million for the quarter ended March 31, 2015.

The Bank has posted a net profit of Rs. 4970.80 million for the year ended March 31, 2015 as compared to Rs. 11394.10 million for the year ended March 31, 2014.

Total Income has increased from Rs. 209627.50 million for the year ended March 31, 2014 to Rs. 220827.80 million for the year ended March 31, 2015.

OBC has recommended a dividend at Rs. 3.30 per share for year ended March 31, 2015.
The dividend declaration is subject to shareholders’ approval at the Annual General Meeting of the Bank.

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