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Public sector Oriental Bank of Commerce (OBC) 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.
Source : The Hindu
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.
Source : The Hindu
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