New Delhi: Public sector Oriental Bank of Commerce (OBC) today reported 16 percent growth in net profit at Rs 291.42 crore for the second quarter ended September 30.
The bank had a net profit of Rs 251.41 crore in the July-September quarter of previous fiscal.
The bank's provisioning during the quarter increased to Rs 641 crore from Rs 551 crore in the September quarter of 2013-14 fiscal.
Interest income of the bank grew 5.56 percent to Rs 4,936 crore in the September quarter.
Net NPA as a percentage of total advances stood at 3.29 percent as against 2.69 percent in the year-ago period.
Total income of the bank increased to Rs 5,328.58 crore for the quarter ended September 30 from Rs 4,987.71 crore in the same period last fiscal.
OBC shares were trading 4.68 percent down at Rs 265.80 per scrip during afternoon trade on the BSE.
