New Delhi - State-run Oriental Bank of Commerce on Monday reported 3.15 percent increase in net profit to Rs 364.54 crore for the quarter ended June 30.

The bank had reported a net profit of Rs 353.38 crore during the same quarter year-ago, Oriental Bank said in a filing to the BSE.

The bank's total income increased from Rs 5,255.7 crore for the quarter ended June 30, 2013 to Rs 5,576 crore for the quarter ended June 30, 2014.

Other income increased by 9.3 percent to Rs 588.20 crore in the quarter under review from Rs 538.05 crore earlier.

OBC's gross non-performing assets (NPA) increased to 4.33 percent of total advances as against 3.99 percent reported last quarter and 3.36 percent in the same period last fiscal.

The bank's net NPA as a percentage of total advances stood at 3.11 percent as against 2.82 percent sequentially.

In absolute terms, gross NPA shot up 39 percent year-on-year (up 6.5 percent quarter-on-quarter) to Rs 5,982.8 crore and net NPA rose 44 percent y-o-y (up 8.3 percent q-o-q) to Rs 4,228.8 crore in the first quarter of the current financial year.

Operating expenses of OBC during the quarter slipped 8.9 percent year-on-year to Rs 689.23 crore against Rs 756.81 crore in the year-ago period.

Shares of the bank were trading 0.36 percent lower at Rs 280.35 during afternoon trade on the BSE. (PTI)