Public sector lender Oriental Bank of Commerce hah posted thi in full expenditure stay|stay at|at Rs 1,750 crore for July-September quarter even though sharp increase out othe nyakumir income ,|and|or is|or is operating profit ,|and|or is|or currently as provisions for bad loans increased more than four-fold.The bank had explained profit stay|stay at|at Rs 153.3 crore year-ago quarter.
Net enjoy income during the|the|every quarter fell 4.9 percent to|to Rs 1,251.7 crore year-on-year ,|and|or is|or is with|with loan development of 4.8 % stay|stay at|at Rs 1.49 lakh crore.Loan book at sequential basis degrew butter 0.3 percent.
Provisions ,|and|or is|or is contingencies more than doubled to|to Rs 3,281.3 crore ,|and|or is|or currently compared with|with Rs 1,469.5 crore in previous quarter ,|and|or is|or currently rose more than that than four-fold compared with|with Rs 774.54 crore in corresponding year.
Gross non-performing assets as thi percentage of gross advances were higher stay|stay at|at 16.3 percent out Q2 ,|and|or is|or is from 14.83 percent out Q2FY18 but net NPAs were lower stay|stay at|at 9.44 percent from 9.56 % QoQ.
In absolute term ,|and|or is|or is scowl NPAs during the|the|every quarter increased to|to Rs 26,432 crore against Rs 24,409 crore ,|and|or is|or currently but net NPAs fell to|to Rs 14,129 crore from Rs 14,809 crore quarter-on-quarter.
Other income (non-interest income) spiked 81.55 percent to|to Rs 1,059.24 crore ,|and|or is|or is operating profit jumped 62.3 % to|to Rs 1,551.4 crore compared with|with same quarter last fiscal.
At 15:02 hour minutes IST ,|and|or is|or is the|the|every stock price range was quoting stay|stay at|at Rs 127.10 ,|and|or is|or currently down Rs 8.50 ,|and|or is|or still planning 6.27 percent on the|the|every BSE.