Photo: Pradeep Gaur/MintNew Delhi: Public sector lender Oriental Bank of Commerce’s (OBC) net loss widened to Rs1,650.22 crore for the quarter ended March of 2017-18. The bank had made a net loss of Rs1,218.01 crore during the corresponding quarter of the preceding fiscal ended March 2017. Bank’s provisioning for bad loans stood at Rs2,419.47 crore in the quarter under review against Rs3,050.60 crore a year ago. For the full financial year, the bank reported a net loss of Rs5,871.74 crore. It had registered a net loss of Rs1,094.07 crore in the preceding 2016-17 fiscal.

Source: Mint May 12, 2018 10:46 UTC