New Delhi: State-run lender Canara Bank on Monday reported 52.1 per cent decline in net profit at Rs 228.9 crore in the first quarter ended June as it parked a higher share towards contingencies for bad loans.

The Bengaluru-headquartered bank's net profit in same quarter of the previous fiscal stood at Rs 478.84 crore, Canara Bank said in a regulatory filing to BSE.