MoneyWorks4Me

Oriental Bank of Commerce reports 16% rise in Q2 net profit

29 Oct 2014 Evaluate

Oriental Bank of Commerce (OBC) has reported results for second quarter ended September 30, 2014.

The bank has posted a rise of 15.91% in its net profit at Rs 291.42 crore for the quarter ended September 30, 2014 as compared to Rs 251.41 crore for the same quarter in the previous year. Total income has increased by 6.83% at Rs 5328.58 crore for quarter under review as compared to Rs 4987.71 crore for the quarter ended September 30, 2013.

Gross non-performing assets (NPAs) increased to 4.74% in the July-September quarter as against 3.77% in the same quarter previous year while net NPAs increased to 3.29%.

Peers
Company Name CMP
State Bank Of India 954.00
PNB 109.90
Bank Of Baroda 231.75
Canara Bank 118.50
Union Bank Of India 168.00
View more..