Public sector lender Oriental Bank of Commerce anticipates loans to rise by 23% in 2010/11, a statement released by the bank said.
The OBC is aiming at a 30% increase in low-cost deposits in FY11 and has plans to start 175 branches in the present fiscal, it said.
Also, OBChad posted a 62.5% increase in net profit to Rs 3.17 billion for the quarter ending March 31, 2010. This had exceeded the analysts’ expectations.
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