Public sector lender Oriental Bank of Commerce (OBC) reported a benefit of Rs 21.62 crore in March 2016 quarter as against a net loss of Rs 178.44 crore in the comparing time of 2014-15, on the record of duty increase.

Complete wage declined 4.68 percent to Rs 5,451.6 crore amid the quarter from Rs 5,719.39 crore in the same period a year ago.

The bank's provisioning for terrible advances amid the quarter under survey remained at Rs 1,026.11 crore amid the quarter, up from Rs 1,106.57 crore in the March quarter of the past financial.

The bank has reported a duty increase of Rs 169 crore for the quarter. Be that as it may, its gross non-performing resources (NPA) of the bank as a rate to aggregate advances rose to 9.57 percent toward the end of final quarter from 5.18 percent a year back.

Net NPAs amid the quarter were 6.7 percent as against 3.34 percent in the last quarter of 2014-15.

For the full fiscal, the bank's net benefit plunged to Rs 156.08 crore contrasted and Rs 497.08 crore in 2014-15. All out salary additionally diminished possibly to Rs 21,824.99 crore in 2015-16 from Rs 22,082.78 crore a year prior.

Shares of OBC were exchanging 0.23 percent lower at Rs 87.15 in evening exchange on BSE.

Oriental Bank of Commerce has educated BSE that the Board of Directors of the Company at its meeting hung on May 11, 2016, bury alia, have suggested a profit @ Rs.0.70 per offer (face estimation of every offer being Rs. 10/ - just) i.e. 7% of the paid-up capital of the Bank for the money related year finished March 31, 2016.

The profit announcement is liable to shareholders endorsement at the Annual General Meeting of the Bank. In like manner, the date of installment of profit might be insinuated which should however be inside 30 days from the date of assertion of profit according to the rules.

The meeting of the Board of Directors initiated at 10.00 a.m. what's more, finished up at 11:45 p.m.