Oriental Bank Q2 net dips; stock falls

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Oriental Bank has posted a net profit of Rs. 251.41 crores for the quarter ended September 30, 2013 as compared to Rs 302.19 crores for the quarter ended September 30, 2012.

Total Income has increased from Rs. 4821.37 crores for the quarter ended September 30, 2012 to Rs. 4987 crores for the quarter ended September 30, 2013.

Gross non performing assets of the bank have gone up sharply to 3.37% from 3.36% in the previous quarter. Net non performing assets on the other hand have risen 2.69% from 2.34%.

The stock of Oriental Bank was down 3% on the National Stock Exchange.

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