July 16 (Reuters) - Bank of America's profit fell in the second quarter as its income from interest on loans shrank and it set aside more money to cover potential credit losses.

The second biggest U.S. lender earned $6.9 billion, or 83 cents per share, in the quarter ended June 30, compared with $7.4 billion, or 88 cents per share, a year earlier, it said in a statement on Tuesday. (Reporting by Niket Nishant in Bengaluru and Saeed Azhar in New York; editing by Lananh Nguyen and Shinjini Ganguli)