Sh. T.Y Prabhu, Chairman and Managing Director, Oriental Bank of Commerce, announced the financial results of the Bank for the Q1 for the Financial Year 2010-11, after the Board of Directors of the Bank adopted the Balance Sheet and Profit & Loss Statement in the Board Meeting held at New Delhi on 29.07.2010.
RESULTS AT A GLANCE FOR QUARTER ENDING JUNE 2010(Q1)
Operating Profit of the Bank for Q1 reaches Rs. 822.31 crore showing a growth of 59.08% (Y-O-Y).
Net Profit of the Bank for Q1 reaches Rs.363.01 crore showing a growth of 41.02% (Y-O-Y).
Return on Assets (ROA) of the Bank increases to to 1.03% as on 30th June, 2010 from 0.89% as on 30th June, 2009.
Bank?s Net Interest Income (NII) for Q1 reaches Rs. 1057.24 crore recording a Y-O-Y growth of 118.36%.
Net Interest Margin (NIM) of the Bank for Q1 increased to 3.34% as against 1.83% as on 30th June, 2009.