Mumbai, July 28 -- Public sector lender Canara Bank on Tuesday reported net profit of Rs 1,177 crore for the June quarter, a 190 per cent rise over Rs 406 crore last year, helped by higher non-interest income and a fall in provisions for bad loans.

The Bengaluru-based lender's stock ended 1.47 per cent higher on the BSE at Rs 148.8 a piece.

The bank said in a statement that its net interest income rose just 0.84 per cent year-on-year (YoY) in Q1FY22 to Rs 6,147 crore versus Rs 6,096 crore. The net interest margin fell to 2.71 per cent for Q1 against 2.84 per cent in the year-ago period.

But it made more of this fall from big 67.47 per cent jump in non-interest earnings in the April-June quarter. The non-interest income rose to Rs 4,438...