Core Financial Performance - State Bank of India (SBI) reported a 10% year-on-year increase in net profit for the quarter ended September, amounting to ₹20,160 crore, primarily driven by a one-time gain of ₹4,593 crore from the stake sale in YES Bank [1] - SBI's net interest income (NII) rose by 3% year-on-year to ₹42,984 crore, while other income surged by 30% to ₹19,919 crore, significantly influenced by the YES Bank stake sale [4] - The net interest margin (NIM) increased by 7 basis points sequentially to 2.97% in Q2 [4] Stake Sale and Current Holdings - In September, SBI divested its 13% stake in YES Bank to Sumitomo Mitsui Banking Corp for ₹8,889 crore, retaining approximately 11% stake in YES Bank [2] - Management has not considered further stake sales in YES Bank at this time [2] Growth and Asset Quality - SBI's advances grew by 13% year-on-year to ₹44.19 lakh crore, while deposits increased by 9% to ₹55.91 lakh crore, allowing the bank's balance sheet to exceed ₹100 lakh crore [7] - The bank revised its credit growth guidance for the current fiscal year to 12-14% from the previous 11% due to regulatory changes and fiscal stimulus [7] - The gross non-performing asset (NPA) ratio improved to 1.73% and the net NPA ratio to 0.42% in Q2, down from 1.83% and 0.47% respectively in the previous quarter [9] - The slippage ratio decreased by 15 basis points sequentially to 0.60%, while credit cost fell by 4 basis points to 0.43% [9]