Oriental Bank of Commerce (OBC) posted a net profitof Rs 112.7 crore. The company had posted a loss of Rs 393.2 crore in the year ago period. Bank has posted a profit due to the better asset quality and less provisions.
Gross NPA of bank stood at 12.56 percent as against 12.66 percent. Net NPA stood at 5.91 percent versus 5.93 percent QoQ.
Net interest income(NII) was up 2.6 percent at Rs 1,371.6 crore.
Provisions for the quarter under review stood at Rs 842.4 crore versus Rs 1,051.5 crore QoQ and Rs 1,539.5 crore YoY.
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