Oriental Bank of Commerce reports net loss of Rs 130.01 crore in Q3

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

06 Feb 2017 Evaluate

Oriental Bank of Commerce has reported results for third quarter ended December 31, 2016.

The Bank has posted a net loss of Rs 130.01 crore for the quarter as compared to a net loss of Rs 424.69 crore for the quarter ended December 31, 2015. Total income of the Bank increased by 1.22% at Rs 5415.97 crore for Q3FY17 as compared Rs 5350.48 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 13.80%, as compared to 7.75% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 9.68% in Q3FY17.

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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