SBI Q2FY16 Net Profit increased by 25.12%

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HIGHLIGHTS

• Net Profit increased by 25.12% from Rs.3,100 Crores in Q2FY15 to Rs.3,879 Crores in Q2FY16

• Operating Profit increased by 20.60% from Rs.8, 512 Crores in Q2FY15 to Rs. 10,266 Crores in Q2FY16.

• Non Interest Income increased by 35.58% from Rs. 4,571 Crores in Q2FY15 to Rs. 6,197 Crores in Q2FY16. The major contributors were growth in Profit on sale of investments and recovery in w/o accounts.

• Net Interest Income increased by 7.37% from Rs. 13,275 Crores in Q2FY15 to Rs.14,253 Crores in Q2FY16.

• Operating Income increased by 14.59% from Rs. 17,845 Crores in Q2FY15 to Rs. 20,450 Crores in Q2FY16.

• Gross NPA ratio is down by 74 bps to 4.15% in Q2FY16 as against 4.89% in Q2FY15.

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