Oriental Bank of Commerce rose 6.07% to Rs 205.40 at 13:15 IST on BSE as the bank's ratio of gross non-performing assets to gross advances declined to 5.18% as on 31 March 2015 compared with 5.43% as on 31 December 2014.
The Q4 result was announced during market hours today, 14 May 2015.
Meanwhile, the S&P BSE Sensex was down 234.68 points or 0.86% at 27,016.42.
On BSE, so far 15.04 lakh shares were traded in the counter as against average daily volume of 2.50 lakh shares in the past two weeks.
The stock hit a high of Rs 206 and a low of Rs 190.55 so far during the day.
Oriental Bank of Commerce's (OBC) ratio of gross non-performing assets (NPAs) to gross advances stood at 5.18% as on 31 March 2015 as against 5.43% as on 31 December 2014 and 3.99% as on 31 March 2014. The ratio of net NPAs to net advances stood at 3.34% as on 31 March 2015 as against 3.68% as on 31 December 2014 and 2.82% as on 31 March 2014.
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OBC reported a net loss of Rs 178.44 crore in Q4 March 2015 compared with net profit of Rs 310.32 crore in Q4 March 2014. Total income rose 1.13% to Rs 5719.39 crore in Q4 March 2015 over Q4 March 2014.
The bank's provisions and contingencies rose 18.89% to Rs 1106.57 crore in Q4 March 2015 over Q4 March 2014. Provision coverage ratio stood at 60.59% as on 31 March 2015.
OBC's Capital Adequacy Ratio (CAR) as per Basel III stood at 11.41% as on 31 March 2015 as against 11.26% as on 31 December 2014 and 11.01% as on 31 March 2014.
The Government of India (GoI) held 59.13% stake in OBC (as per the shareholding pattern as on 31 March 2015).
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