Shares of Oriental Bank of Commerce (OBC) on Wednesday rose by over 2 per cent after the company reported a 23.5 per cent rise in net profit for the September quarter.
The scrip closed 2.39 per cent higher at Rs 51.45 apiece on the BSE. During the day, it jumped 4.97 per cent to Rs 52.75 apiece.
On the NSE, it rose 2.18 per cent to settle at Rs 51.40 apiece.
OBC on Tuesday reported a 23.5 per cent rise in net profit at Rs 126 crore for the September quarter.
The state-owned bank had posted a net profit of Rs 102 crore in the corresponding July-September period last fiscal.
The bank's total income rose 15 per cent to Rs 5,702 crore in July-September as compared with Rs 4,967 crore in the year-ago period.
OBC's gross non-performing assets or bad loans came down to 12.53 per cent of the gross advances as on September 30, 2019 from 17.24 per cent at the end of September 2018.