SBI's Q4FY15 results were above estimates as the earnings grew by 23% YoY (28.6% QoQ) to Rs 37.4 bn whereas asset quality improved sharply as GNPA and NNPA reduced by 65 bps and 68 bps respectively to 4.25% and 2.12%. NII grew by 14% YoY (6.8% QoQ) led by stable NIMs however advances grew at a slower pace.