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New Delhi, Jan 30

Oriental Bank of Commerce (OBC) on Wednesday reported 24 per cent decline in net profit for the quarter ended December 31, 2007 at Rs 138.48 crore compared with Rs 182.42 crore in the same period in the previous year. Total income of the bank for the period under review increased 32.4 per cent at Rs 1,915.28 crore as against Rs 1,446.72 crore in the same period in the previous year, according to a statement issued today. In absolute terms, the bank’s gross NPA stood at Rs 1,399.93 crore as on December 31, 2007 as against Rs 1,752.25 crore as on December 31, 2006.—

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