Oriental Bank of Commerce posts Q2 net loss at Rs 1,750 cr as provisions...

Other income (non-interest income) spiked 81.55 percent to Rs 1,059.24 crore and operating profit jumped 62.3 percent to Rs 1,551.4 crore compared with same quarter last fiscal. The bank had reported profit at Rs 153.3 crore year-ago quarter. Net interest income during the quarter fell 4.9 percent to Rs 1,251.7 crore year-on-year, with loan growth of 4.8 percent at Rs 1.49 lakh crore. NPAs were lower at 9.44 percent from 9.56 percent QoQ.