Mangaluru: Corporation Bank has registered a growth of Rs 206 crore net profit in the second quarter of 2016 which ended in September.

Speaking to the media personnel at Bank’s head office in Pandeshwar on Monday, MD and CEO of the Bank Jai Kumar Garg said that the profit registered in June was Rs 36 crore and in just three months of gap the bank has registered significant growth the banking sector.

“Total banking transaction was oncreaed to Rs 797 crore to Rs 1267 crore. The total business of the bank stood at Rs 3,54,431 crore which means the business has increased nearly 8,000 crore than the last year. The growth is 2.20 percent,” he said.

He further said that total income of the bank has been grown to 5.81 percent. Last year it was Rs 5,435 crore and this year is registered Rs Rs 5,751 crore.

“Demonetisation of the currency note will not hinder the growth of the bank. In fact it will help the in the growth of banking sector. Due to demonetisation the deposits in the bank accounts has been increased in a noticing manner,” he added.