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Oriental Bank of Commerce reports 91% fall in Q3 net profit

29 Jan 2015 Evaluate

Oriental Bank of Commerce has reported results for third quarter ended December 31, 2014.

The bank has registered a fall of 91.28% in its net profit at Rs 19.56 crore for the quarter under review as compared to Rs 224.3 crore for the same quarter in the previous year. However, total income of the bank has increased 7.80% at Rs 5458.79 crore for Q3FY15 as compared Rs 5063.98 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 5.43% in the October- December quarter as against 3.87% in the same quarter previous year, while net NPAs stood at 3.68%.

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
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