Public sector lender Oriental Bank of Commerce has decided that it will focus primarily on recovering non performing assets (NPAs) which it incurred in the last fiscal. The bank has also chalked out the plan to move forward in this regard, said a top official of the bank.

"Last year, we declared NPAs of about Rs 1,200 crore, and also made hefty provisioning. NPAs are profit centres; so earlier the declaration, earlier will be the recoveries. And this year we want to focus on recovery," Mr Nagesh Pydah, Chairman and Managing Director, Oriental Bank of Commerce said.

The gross NPAs of the bank figured to Rs 1,920.58 crore as on last fiscal end.

The bank has set a NPA scanner on all advances upto Rs 10 lakh.

The CMD informed that the bank has sufficient capital to meet credit needs for the upcoming two years.

"We have headroom to raise Rs 6,800 crore by way of tier-II capital. But with tier-I capital of 11.21 per cent now, we feel adequately capitalised to take care of 20 per cent year-on-year growth in the next two years," he added.