New Delhi, July 27: Oriental Bank of Commerce (OBC) on Sunday reported a rise of 38 per cent in net profits at Rs 142 crore in the first quarter ending June 30, 2003 as against Rs 102 crore in corresponding period last year. The public sector bank's total business rose to Rs 46,223 crore from Rs 43,123 in the first quarter of 2002-03, an OBC release said here.
Bank's non-performing assets came down by 2.5 per cent during the first quarter of the current fiscal as against 1.1 per cent in the corresponding period last year. Bureau Report