India's leading bank Oriental Bank of Commerce (OBC) has announced it's fourth quarter financial results. The bank has managed to produce a remarkable rise in net profit in the current quarter. As per the report the net profit of the company has increased by 61.9%. It has touched Rs 317.04 crore for the January-March quarter of 2009-10. The bank had earned Rs 195.82 crore for the same quarter in the preceding year.

However, the total income of the company has been increased to Rs 2,950 crore in this quarter. But last year it was around Rs 2,689.38 crore in the fourth quarter.

Moreover, the operating profit has also jumped up to Rs 776.92 crore which a 44.33% hike from the previous year. The net interest income has also touched to Rs 989.37 crore.

Net interest income of the company has seen a rise of 114.94%. The net interest margin also increased to 3.27% as compared to 1.87% in the last year.

Apart from that OBC has registered a mammoth 30% growth in deposits and 23% hike in advances in this financial year.