Oriental Bank of Commerce rose 0.73% to Rs 283.40 at 15:23 IST on BSE after net profit rose 3.15% to Rs 364.54 crore on 6.09% growth in total income to Rs 5576.02 crore in Q1 June 2014 over Q1 June 2013.
The Q1 result was announced during market hours today, 4 August 2014.
Meanwhile, the S&P BSE Sensex was up 265.01 points or 1.04% at 25,745.85.
On BSE, so far 2.80 lakh shares were traded in the counter as against average daily volume of 1.43 lakh shares in the past two weeks.
The stock was volatile. The stock rose as much as 2.54% at the day's high of Rs 288.50 so far during the day. The stock lost as much as 1.79% at the day's low of Rs 276.30 so far during the day.
Oriental Bank of Commerce (OBC)'s ratio of gross non-performing assets (NPAs) to gross advances stood at 4.33% as on 30 June 2014 as against 3.99% as on 31 March 2014 and 3.36% as on 30 June 2013. The ratio of net NPAs to net advances stood at 3.11% as on 30 June 2014 as against 2.82% as on 31 March 2014 and 2.34% as on 30 June 2013.
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The bank's provisions and contingencies rose 1.65% to Rs 541.58 crore in Q1 June 2014 over Q1 June 2013.
OBC's provision coverage ratio stood at 59.11% as on 30 June 2014.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 10.91% as on 30 June 2014 as against 11.01% as on 31 March 2014 and 10.97% as on 30 June 2012.
The Government of India holds 59.13% stake in OBC (as per the shareholding patterns as on 30 June 2014).
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