State Bank of India reported lower-than-expected fiscal second quarter profits after the lender set aside more money to cover the risk of defaults on nonperforming assets. State Bank of India on standalone basis for merged entity has recorded Net Profit of Rs 1581.55 crore for the quarter ended September 2017 (Q2FY2018), compared with Rs 2005.53 crore in Q1FY2018. As per the figures shared by the bank in its presentation on quarterly results for merged standalone bank, the bank has exhibited 3% increase in net interest income with sequential improvement in net interest margin (NIM) to 2.36% in Q2FY2018 from 2.36% in Q1FY2018. The non-interest income jumped 94% driven by gains of Rs 5436.17 crore from sale...