Oriental Bank of Commerce (OBC) has reported a net profit of Rs 168 crore in the second quarter of FY12, a fall of 58% as compared to Rs 398 crore in the corresponding quarter of last fiscal.
Net interest income too fell 8% to Rs 990 crore from Rs 1,077 crore year-on-year.
Provisions were doubled to Rs 485 crore in the July-September quarter of FY12 as against Rs 226 crore in same quarter the previous year.
Gross non-performing assets (NPAs) increased at 2.95% versus 1.67% and net NPAs stood at 1.9% as against 0.7% during the same period.
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Net interest income too fell 8% to Rs 990 crore from Rs 1,077 crore year-on-year.
Provisions were doubled to Rs 485 crore in the July-September quarter of FY12 as against Rs 226 crore in same quarter the previous year.
Gross non-performing assets (NPAs) increased at 2.95% versus 1.67% and net NPAs stood at 1.9% as against 0.7% during the same period.
....more info