Public sector lender Oriental Bank of Commerce (OBC) is expected to report profit at Rs 119.4 crore in Q2, down 60.4 percent compared with Rs 301 crore in year-ago period.
Net interest income, the difference between interest earned and interest expended, may fall 9.5 percent year-on-year to Rs 1,251.8 crore in the quarter ended September 2016.
Key things to watch out for would be treasury gains (which may remain strong for the bank), slippages and gross non-performing assets.
Analysts say if slippages fall below Rs 3,000 crore (Rs 3,464 crore in Q1) and gross non-performing assets slip below 12 percent (11.45 percent in Q1) then that will be positive. They don't expect big sale of non-performing assets to asset reconstruction companies in Q2.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
