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OBC
Q1 net rises 27 Per cent
Our Banking
Bureau
29 July 2004
 New
Delhi: Oriental
Bank of Commerce has recorded a net profit of Rs 181 crore
for the quarter ended June 30, 2004, a 27 per cent rise
over the net of Rs 142 crore in the corresponding period
in the previous year.
 The
total business of the bank has risen to Rs 57,066 crore
on June 30, from Rs 46,223 crore in the first three months
of the previous fiscal.
The
bank has maintained net non-performing assets (NPAs) of
 zero
per cent with NPA coverage of 102.8 per cent. The return
on assets has gone up from 1.6 per cent to 1.7 per cent
during the quarter ended June 2004.
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