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Oriental Bank of Commerce reports 24% rise in Q2 net profit

Oriental Bank of Commerce has reported results for second quarter ended September 30, 2019.

The Bank has reported 23.75% rise in its net profit at Rs 125.90 crore for the quarter under review as compared to Rs 101.74 crore for the same quarter in the previous year. Total income of the Bank increased by 14.80% at Rs 5702.34 crore for Q2FY20 as compared Rs 4967.29 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 12.53%, as compared to 17.24% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 5.94% in Q2FY20.