Public sector Oriental Bank of Commerce (OBC) today reported 16 per cent growth in net profit at Rs 291.42 crore for the second quarter ended September 30, 2014.
The bank had posted a net profit of Rs 251.41 crore in the July-September quarter of the previous fiscal.
The bank’s provisioning during the quarter increased to Rs 641 crore from Rs 551 crore in the September quarter of 2013-14 fiscal.
Interest income of the bank grew 5.56 per cent to Rs 4,936 crore.
Net NPA as a percentage of total advances stood at 3.29 per cent against 2.69 per cent in the year-ago period.
Total income of the bank increased to Rs 5,328.58 crore for the quarter ended September 30, 2014 from Rs 4,987.71 crore in the same period last fiscal.
OBC shares were trading 4.68 per cent down at Rs 265.80 per scrip during the afternoon trade on the BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.