OBC reports a profit in Q1

Oriental Bank of Commerce (OBC) has turned profitable in the quarter ended June 2019 (Q1FY20) as the company posted a net profit of Rs 112.7 crore on the back of better asset quality and fewer provisions.

The company had posted a loss of Rs 393.2 crore in a year-ago period.

Its gross NPA stood at 12.56% against 12.66%, while net NPA was at 5.91% versus 5.93%, QoQ.

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