Canara Bank today posted a 2% increase in net profit at Rs 190.93 crore for the first quarter ended June 30, 2006 when compared with Rs 186.90 crore in Q1FY06.According to a release issued by the bank to the BSE today, total income increased to Rs 2,770.95 crore from Rs 2,238.58 crore in Q1FY06.