 "Oriental Bank of Commerce Q1 net up by 10% to Rs 391 cr")
Oriental Bank of Commerce (OBC) reported 10.3 percent rise in net profit to Rs 391.4 crore for the first quarter ended 30 June.
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.
[caption id=“attachment_396503” align=“alignleft” width=“380”]  Reuters[/caption]
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 30 June from 2.07 percent in the same quarter a year ago, it said.
PTI
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