Canara Bank is reported to have experienced a major fall in its first quarter FY12 net profit, though at that period, the net profit of the bank dropped to Rs 726 crore from Rs 1,013.4 crore, a year ago.

Also, the net interest income surged almost by 4% to Rs 1,793 crore from Rs 1,728 crore yearly, as the gross non-performing asset of the bank increased to 1.67% in the April to June quarter over 1.46% in the corresponding quarter last fiscal year.

However, the State-owned Bank of Baroda, on Wednesday according to reports posted a 20% increase in net profit to Rs 1,032.8 crore for the first quarter which ended on the 30th of June, 2011. The bank stated: “The lender had posted a net profit of Rs 859.1 crore for the corresponding quarter last fiscal”.

Moreover, the total income of the bank surged by 36% during that period to Rs 7,272.6 crore from Rs 5,344.2 crore in the year ago, as the interest income of the bank increased to Rs 6,631.7 crore during the report quarter, from Rs
4,726.9 crore in the first quarter of the previous fiscal year.