Oriental Bank Q3 net dips 13% to Rs 354 cr
|
Last Updated: Mon, Jan 30, 2012 13:46 hrs
Oriental Bank of Commerce (OBC) has posted a drop of 13% in net profit for the third quarter ended December, 2011 at Rs 354 crore as compared to Rs 408 crore in the corresponding quarter last year.
During the period, net interest income (NII) was at Rs 1,139 crore.
As cool as it gets
Gross NPAs grew by 2.92% as compared to 2.95% q-o-q.
Provisions rose by almost double to Rs 381 crore from Rs 192 crore in the same quarter last fiscal, while dipped 21% from previous quarter of Rs 485 crore.
In Images: A 'billion-euro home' made of shredded notes
At 1230 hours, shares down 2.94% 252.75 per share on the Bombay Stock Exchange.
most popular on facebook
talking point on sify finance
today's most read on sify finance
- Petrol carmakers announce up to Rs 50000 in discounts Read 360 Times
- A Chennai restaurant's unique Saturday night dinner Read 249 Times
- Nude maid service raising eyebrows in Texas city Read 221 Times
- Congress slams Trinamool over petrol price hike protest Read 130 Times
- Air India flies out stranded British Airways passengers Read 109 Times
