Oriental Bank of Commerce reports net loss of Rs 393.21 crore in Q1

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

25 Jul 2018 Evaluate

Oriental Bank of Commerce has reported results for first quarter ended June 30, 2018.

The Bank has reported net loss of Rs 393.21 crore for the quarter under review as against net loss of Rs 486.20 crore for the same quarter in the previous year. Total income of the Bank decreased by 9.30% at Rs 4729.58 crore for Q1FY19 as compared Rs 5214.44 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 17.89%, as compared to 14.83% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 10.63% in Q1FY19.

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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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