Oriental Bank of Commerce’s Q3 net profit drops by 13%

Oriental Bank of Commerce (OBC) has reported results for its third quarter ended December 31, 2011.

The bank has reported a fall of 13.23% in its net profit of Rs 354 crore for the quarter ended December 31, 2011 as compared to Rs 408 crore for the same quarter in the previous year. Total income has increased by 37.61% from Rs 3264.17 crore for Q3FY11 to Rs 4491.76 crore in the quarter under review.

The banks’ gross NPA stood at 2.92% for the quarter ended December 31, 2011 as compared to 2.95% in the quarter ended December 31, 2010.