Leading public sector lender of the country, Oriental Bank of Commerce has announced its first quarter financial results for the fiscal year 2010-11.

According to the report, it has registered a significant rise in its net profit figure in the quarter under review.

Oriental Bank of Commerce has posted a net profit of Rs 363.31 crore for the quarter that ended in 30th June, 2010. The bank has registered a net profit of Rs 257.41 crore in the similar quarter in the previous year. Oriental Bank of Commerce said this in a filing at the Bombay Stock Exchange.

The total income of the bank has gone up by 8.92% and has touched Rs 3,045.54 crore during the April-June quarter of fiscal year 2010-11.

It was reported to be Rs 2,796.10 crore for the same quarter in the preceding year.

The revenue of the company is found out to be Rs 1,805.78 crore from its corporate banking segment in Q1 of the current fiscal year against Rs 1,540.79 crore for its like period a year ago.