Oriental Bank of Commerce posts Q2 net loss at Rs 1,750 cr as provisions increase 4-fold – Banking Finance

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.

Related Stories

spot_img

News

Old Garusoft Games + Download Link | Sakura School...

Old Garusoft Games + Download Link | Sakura School Simulator Dev. Hi guys! Have you tried escape room games before? Well, these games are all escape room games made by our favorite developers from Garusoft company. If you wanna try…

Old Garusoft Games + Download Link | Sakura School...

Old Garusoft Games + Download Link | Sakura School Simulator Dev. Hi guys! Have you tried escape room games before? Well, these games are all escape room games made by our favorite developers from Garusoft company. If you wanna try…

All IN ONE “Free Fire Không Súng Với Cô...

All IN ONE "Free Fire Không Súng Với Cô Vợ Trong Game" Oniichan Review Phim Tóm Tắt Anime Hay Tên phim: Btoom Donate cho mình nha: https://playerduo.com/oniichanreview Link phim mình để bên Fanpage nha: https://www.facebook.com/Oniichanreview1 👉 Link đăng ký kênh…

Upcoming New Update is CONFIRMED 😍 | Sakura School...

Upcoming New Update is CONFIRMED 😍 | Sakura School Simulator So finally, it has been confirmed by the developer himself on their official Twitter account! OMG 😍 I feel so excited now! Waaaaaa Thank you Garusoft company for making the…

New Rumored Leaked Update Photos | Sakura School Simulator

New Rumored Leaked Update Photos | Sakura School Simulator Hi Nyah! This video shows the rumored new update in Sakura School Simulator. Hopefully this is true because it's been a while since Garusoft updated the game. What do you think…