Oriental Bank of Commerce (OBC) has issued 9.48% Unsecured Non-Convertible Fully Paid-up Basel III Compliant Perpetual Debt Instruments of Rs 10,00,000/- each for cash at par aggregating Rs 500.00 crore has been made on February 10, 2015 as per the terms of the Disclosure Document.
The bank has registered a fall of 91.28% in its net profit at Rs 19.56 crore for third quarter ended December 31, 2014 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%.