Oriental Bank Reports Audited Financial Results for the Fourth Quarter and Year Ended March 31, 2017
Oriental Bank reported audited financial results for the fourth quarter and year ended March 31, 2017. For the quarter, interest earned was INR 45,028.6 million against INR 49,950.2 million a year ago. Total income was INR 50,938.4 million against INR 54,882.7 million a year ago. Operating profit was INR 10,171.3 million against INR 8,787.3 million a year ago. Net loss from ordinary activities before tax was INR 18,241.6 million against INR 1,473.8 million a year ago. Net loss from ordinary activities after tax was INR 12,180.1 million against profit of INR 216.2 million a year ago. Net loss was INR 12,180.1 million against profit of INR 216.2 million a year ago. Loss per share on basic and diluted was INR 35.19 against earnings per share of INR 0.72 a year ago. Return on equity was negative 36.73% against 0.65% a year ago. Return on assets was negative 1.97% against 0.04% a year ago.
For the year, the company reported interest earned of INR 184,223.3 million against INR 201,685.0 million a year ago. Total income was INR 211,878.5 million against INR 219,347.8 million a year ago. Operating profit was INR 41,701.3 million against INR 36,820.7 million a year ago. Net loss from ordinary activities before tax was INR 15,231.8 million against profit of INR 3,258.4 million a year ago. Net loss from ordinary activities after tax was INR 10,940.7 million against profit of INR 1,560.8 million a year ago. Net loss was INR 10,940.7 million against profit of INR 1,560.8 million a year ago. Loss per share on basic and diluted was INR 31.82 against earnings per share of INR 5.20 a year ago. Return on equity was negative 8.40% against 1.18% a year ago. Return on assets was negative 0.46% against 0.07% a year ago.