The State Bank of India (SBI) has announced its Q2 FY16 results. Ms. Arundhati Bhattacharya, Chairman, SBI along with the Bank’s top management announces Q2 FY16 results during a press conference in Mumbai, highlights: Net Profit increased by 25.12% from Rs.3,100 Crores in Q2FY15 to Rs.3,879 Crores; Operating Profit increased by 20.60% from Rs.8, 512 Crores in Q2FY15 to Rs. 10,266 Crores; Non Interest Income increased by 35.58% from Rs. 4,571 Crores in Q2FY15 to Rs. 6,197 Crores;. 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; 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.Profitability: Total Interest Income increased from Rs. 37,263 Crores in Q2FY15 to Rs.40, 658 Crores in Q2FY16 (9.11%YOY growth); Interest Income on Advances increased from Rs. 27,869 Crores in Q2FY15 to Rs. 28,982 Crores in Q2FY16 (3.99%YOY growth). The lower growth is due to reduction in base rate twice by 15 bps each in April andJune 15; Interest Income on Resources Operations increased from Rs.8, 788 Crores in Q2FY15 to Rs.10,745 Crores in Q2FY16 (22.26%YOY growth); Total Interest Expenses increased from Rs.23, 988 Crores in Q2FY15 to Rs. 26,405 Crores in Q2FY16 (10.08%YOY growth); Interest Expenses on Deposits increased from Rs.22, 072 Crores in Q2FY15 to Rs. 24,746 Crores in 2FY16 (12.12 %YOY growth) Operating Expenses increased from Rs. 9,333 Crores in Q2FY15 to Rs.10, 184 Crores in Q2FY16 (9.12 %YOY growth).