October 30, 2013 04:10 pm | Updated 04:10 pm IST - New Delhi
State-owned Oriental Bank of Commerce (OBC) on Wednesday posted 16.80 per cent decline in its net profit at Rs 251.41 crore for the second quarter ended September on account of rise in provisioning for bad loans.
The bank had a net profit of Rs 302.19 crore in the same quarter last fiscal.
The net profit of bank has declined on account of rise in provision against bad debts, less recovery and loss in treasury operation, OBC Chairman and Managing Director S L Bansal told reporters here.
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