OBC bottomline up 27% at Rs 181 cr

BS 200 SCORECARD

Oriental Bank of Commerce has registered a 27 per cent increase in net profit at Rs 181 crore for the quarter-ended June 2004 compared with Rs 142 crore in April-June 2003.

Total business rose 23 per cent to Rs 57,066 crore. The bank maintained its net non-performing asset level at zero per cent with a NPA coverage of 102.8 per cent.

The bank's return on assets increased to 1.7 per cent (1.6 per cent). OBC has also made an ad hoc provision of Rs 40 crore towards the proposed wage hike.