Oriental Bank of commerce has reported a drop down in its net profit. The bank has reported a drop down of 91.28 %. Last year the profit of the bank stood at Rs 224.30 crore and this year it went down to Rs 19.58 crore.
Further restructured assets went up by Rs 2,050 crore and non-performing assets or bad loans slippage was Rs 1,340 crore. Total income for the quarter ncreased by 7.8 per cent to Rs 5,458.79 crore.
MD and Ceo of the bank stated that bank is making efforts to do better and make better utilization of the capital. He also ensured that the economy would bounce back in the coming quarters.