Page 29 - Banking Finance October 017

PRESS RELEASE

Oriental Bank of Commerce Highlights of Financial Results for

Quarter ended 30th June, 2016

X Net Profit for the quarter sequentially increased to Rs.
100.69 Crore compared to Rs. 21.62 Crore during Q4
of FY 2015-16.

X Net Interest Margin (NIM) for the quarter stood at
2.36%.
X Gross NPA stood at 11.45% & Net NPA at 8.11%

X Cash Recovery including upgradation during the quarter
was Rs. 691.69 Crore compared to Rs. 546.07 Crore
during Q1 of FY 2015-16 and Rs. 478.61 Crore during
Q4 of FY 2015-16.
X Provision Coverage Ratio stood at 49.33%.
Shri Animesh Chauhan, MD & CEO, Oriental Bank of Commerce X Retail Advances as percentage to Total Advances
(second from left) announcing the Q1 Financial Results of FY 2016- increased to 12.19% from 11.31% as on 30th June,
17 along with EDs Shri Rajkiran Rai G. & Shri Himanshu Joshi at 2015.
Bank’s Corporate Office in Gurgaon. Also seen in the picture (on
the right) is Shri CH. S. S. Mallikarjuna Rao, CFO of the Bank. X The quarterly average Liquidity Coverage Ratio (LCR)
of the Bank for the quarter was 95.47% as against
(Rs. in Crore) 88.82% for Q4 of FY 2015-16. The quarterly average
June, June, % Growth LCR for Q1 (2016-17) is above the regulatory
2016 2015 (YoY) requirement of 70%.
Business Mix 3,54,809 3,42,507 3.59% X The Leverage Ratio of the Bank as on 30.06.2016 was
Total Deposits 2,04,508 1,95,958 4.36% 6.02% vis-à-vis 5.86% as on 31.03.2016 against the
minimum requirement of 4.50% as per draft guidelines
Total Advances 1,50,301 1,46,549 2.56%
of RBI.
Retail Term Deposits 87,706 78,410 11.86%
(less than Rs. 1 Crore) X Total Delivery Channels of the Bank (as on 30.06.2016)
stood at 4936 (2351 Branches and 2585 ATMs).
Retail Advances 18,328 16,575 10.58%
Housing Loan 12,512 10,683 17.12% New Initiatives
X Capital Adequacy of the Bank under BASEL III: 12.40% X Bank has launched Oriental Merchant Current Account
(Tier I: 9.16%, Tier II: 3.24%). - a special Current Account with POS facility to target
Merchants like Shopping Centres, Petrol Pumps,
X Average CASA Deposit increased by 13.34% (YoY).
Hospitals, Educational Institutes, Mobile Shops & other
X CASA Deposit as percentage to Total Deposit increased Commercial establishments etc.
to 25.91% from 24.21% as on 30th June, 2015.
X The following new services/facilities were launched by
X Cost of Deposits reduced to 6.71% compared to 7.50% the Bank during the quarter:
as on 30th June, 2015. O Launch of Online Share Trading Platform in tie-up
X Non Interest Income increased by 35.21% (YoY) to Rs. with ‘Kotak Securities Ltd’ in addition to the
613.77 Crore from Rs. 453.93 Crore during Q1 of FY- existing tie-up with ‘Geojit BNP Paribas Financial
2015-16. Services Ltd’, ‘IDBI Capital’ & ‘Karvy Stock Broking
Ltd’.
X Operating Profit for the quarter sequentially increased
to Rs. 917.09 Crore compared to Rs. 878.73 Crore O Facility for Registration for Mobile Banking Services
during Q4 of FY 2015-16. through Internet Banking.

28 | 2017 | OCTOBER | BANKING FINANCE

Sashi Publications Pvt Ltd Call 8443808873/ 8232083010