Oriental Bank of Commerce (OBC) has declared its third quarter results. Its Q3 net profit was up at Rs 408.3 crore versus Rs 289.4 crore, YoY.
Its NII was up at Rs 1,029.9 crore versus Rs 872.9 crore, YoY.
The company's provisions were at Rs 191.8 crore versus Rs 192.1 crore.
Its gross NPAs was at 1.94% versus 1.64% on YoY basis and at 1.94% versus 1.67% on QoQ basis.
Its net NPAs was at 0.91% versus 0.75% on YoY basis and at 0.91% versus 0.7% on QoQ basis.
The bank has provided Rs 356.8 crore for 2nd pension liability.
Its provision coverage ratio was at 77.42%.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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