State run Oriental Bank of Commerce (OBC) on Friday reported a 41 per cent growth in net profit at Rs 408.25 crore for the third quarter ended December 31, 2010.
The bank had a net profit of Rs 289.43 crore in the corresponding quarter last year, OBC said in a filing to the Bombay Stock Exchange.
During the quarter, the bank’s interest income rose to Rs 3,032.76 crore, from Rs 2,671.59 crore, up by 13.52 per cent.
Total income of OBC increased to Rs 3,264.17 crore at the end of December 2010, from Rs 2,909.27 crore in the third quarter of last fiscal.
Shares of OBC were trading at Rs 318.90, down 7.38 per cent over previous close in a weak afternoon trade on the BSE.