 "Oriental Bank of Commerce dips after increase in NPAs")
Gross non-performing assets in the September quarter increased to 4.74% compared with 3.77% in the same quarter last fiscal. Net non-performing assets were also higher at 3.29% during the second quarter compared with 2.69% in the corresponding quarter ended September 30, 2013.
Net interest income for the second quarter declined to Rs 1,246 crore from Rs 1,281 crore in the same quarter last fiscal.
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Net profitfor the second quarter ended September increased 16% to Rs 291 crore from Rs 251 crore in the same quarter last fiscal.
The stock opened at Rs 281 and touched a low of Rs 264. At 12:50PM, over 5.8 million shares were traded on the BSE and NSE.
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