BANKING/FINANCE: Oriental Bank Q4 net rises to Rs 196 cr.

from BUSINESS LINE, April 28, 2009 New Delhi, April 27 - Aided by a surge in core operating income, increased treasury related gains and a Rs 147-crore write-back in income tax provision, Oriental Bank of Commerce (OBC) on Monday reported a net profit of Rs 905 crore for the financial year ended March 31, 2009.

For the fourth quarter ended March 2009, OBC reported a net profit of Rs 195.82 crore as against net loss of Rs 99.44 crore in the same quarter in the previous year.

The bottom line performance for FY 08-09, however, is not strictly comparable with the net profit of Rs 353 crore recorded in 2007-08 in view of the Rs 487 crore write-off made by the bank …