Provisions fell to Rs 2,246 crore from Rs 2,770 crore in the year-ago period.
During the quarter, the company produced 1,00,695 tonnes of aluminium, which is 6.6 per cent more than 94,496 tonnes produced in the 1st quarter of previous financial year. The bank's deposits increased by 9% to Rs 30,468 crore, while its advances grew 13% to Rs 24,058 crore.
Gross advances grew 0.90 per cent to Rs 3,91,062 crore.
CUB has given a growth guidance of 15-18 per cent for this fiscal and Kamakodi said the bank was entering into a falling interest-rate regime.
In the current financial year, the bank is planning to seek Rs 2,500 crore capital from the government, Mohapatra said.
Shares of the company closed 0.72 per cent up at Rs 70.35 on the BSE.
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