Oriental Bank of Commerce reports 29% fall in Q1 net profit

Oriental Bank Of Commerce - (Amalgamated) | Bank - Public | BFSI | BSE: 500315 | NSE: ORIENTBANK

30 Jul 2015 Evaluate

Oriental Bank of Commerce has reported results for first quarter ended June 30, 2015.

The bank has reported 29.27% fall in its net profit at Rs 257.84 crore for the quarter as compared to Rs 364.54 crore for the same quarter in the previous year. Total income of the bank has decreased by 0.13% at Rs 5568.78 crore for quarter under review as compared to Rs 5576.02 crore for the quarter ended June 30, 2014.

The bank’s gross NPA for the April-June quarter of the current fiscal increased to 5.85% as compared to 4.33% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 3.76% in Q1FY16.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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