Oriental Bank of Commerce Q1 net up 10% at Rs 391 cr
New Delhi: Oriental Bank of Commerce (OBC) on Monday reported 10.3 percent rise in net profit to Rs 391.4 crore for the first quarter ended June 30.
The public sector bank had posted a net profit of Rs 354.7 crore for the first quarter (April-June) of the previous fiscal, OBC said in a BSE filing.
The total income of the bank increased by 54 percent to Rs 4,695.5 3,920.3 crore during the first quarter of 2012-13 from Rs 3,045.5 crore in the corresponding year-ago period.
Interest income of the bank rose to Rs 4,287.16 crore during the period under review from Rs 3,596.5 crore in the same quarter of the previous fiscal.
OBC's gross non-performing assets (NPAs) increased to 2.97 percent during the quarter ended June 30 from 2.07 percent in the same quarter a year ago, it said.