Oriental Bank Q3 Net At Rs 144.96 Crore

Aided by tax write back of Rs 2,862.44 crore, Oriental Bank of Commerce (OBC) on Tuesday reported net profit of Rs 144.96 crore for the third quarter ended December 31,2019.

This public sector bank had reported a net loss of Rs 1,985.42 crore in the same quarter in the previous year. In the September quarter this fiscal, OBC had recorded a net profit of Rs 101.74 crore.

Total income for the quarter under review stood at Rs 5127.98 crore (Rs 4756 crore). Operating profit for the three months period ended December 31,2018 stood at Rs 1002.33 crore (Rs 742.82 crore).

Provisions for non performing assets for the quarter under review increased to Rs 4082.13 crore (Rs 2340.21 crore).

For the nine months ended December 31,2018, OBC has reported a net loss of Rs 146.51 crore as compared to a net loss of Rs 4221.52 crore.

RECENT NEWS

Military Community Shows Financial Resilience, Growing Savings By 19% And Cutting Credit Card Balances By 23% Over Last Five Years, New USAA Bank Data Shows

USAA’s Military Financial Wellbeing Index highlights the impact of pandemic-era trends and inflation on service member... Read more

USAA Announces Scholarship For Military Spouses With Valero Alamo Bowl

San Antonio-area military spouses qualify to apply for a $7,500 scholarship. Read more

USAA Ranked #1 In Customer Satisfaction And Most Trusted On 2024 J.D. Power Individual Annuity Study

Nov 01 2024 SAN ANTONIO – USAA, a leading provider of insurance, banking, and retirement... Read more

USAA Calls For National Moment Of Veteran Connection On Veterans Day

On Nov. 11, “Connect with a Veteran” calls for all Americans to “Go Beyond Thanks” to show appreciation for thei... Read more

Two Way Street: New Survey From USAA Shows Driving Apps Help Connect Parents And Young Drivers On Importance Of Safe Driving, Leading To Safer Roads

Data Reveals 87% of App-Using Parents Feel Their Child’s Driving Improved, Citing Increased Awareness and Feedback Read more

USAA Named UTSA Athletics Official Military Appreciation Partner

Exciting new initiatives planned as part of partnership Read more