Oriental Bank of Commerce (OBC) on Thursday reported a fall of 91.28% in its net profit for the quarter ended Dec. 31, 2014. The bank earned a profit of Rs 195.60 million for the quarter ended Dec. 31, 2014.
The bank's quarterly income totaled at Rs 54.58 billion, an increase of 6.84% over Rs 50.64 billion in the same period a year ago.
Net NPA was at Rs 50.80 billion for the quarter ended Dec. 31, 2014, as compared to Rs 38.33 billion in the same period last year, representing an increase of 32.53%.
In percentage term, net NPAs were at 3.68% at the end of the quarter, Dec. 31, 2014, higher by 2.91% from last year period.
Capital adequacy ratio (CAR) under Basel III of the bank was at 11.26% as on Dec. 31, 2014.
Shares of the bank declined Rs 20.1, or 6.42%, to trade at Rs 292.90. The total volume of shares traded was 381,251 at the BSE (12.03 p.m., Thursday).