SBI is one of the few PSU banks which has reported an improvement in its asset quality in FY15. In a tough economic scenario, the bank has reported GNPA decline from 5% in Q4FY14 to 4.3% in Q4FY15 led by lower slippages during the year. Advances growth remained on the lower side (7.5% YoY) as the bank focused on cleaning up its books. Going ahead, along with a gradual improvement in the economy, we expect the improved performance of the bank to continue. SBI is also one of the few PSU banks, who are adequately capitalized with a CAR of 12% with a tier I capital of 9.6%.