Consolidated Financial

Yeejleere ms yeQke > Jeeef<e&ke efjHees& 2012-13 (mecesefkele)
State Bank of India > Annual Report 2012-13 (Consolidated)
ms yeQke mecetn kes

31ceee& 2013 kees meceeHle Je<e& kes efueS
mecesefkele efJelleere efJeJejCe
Consolidated Financial Statements

of State Bank Group
for the year ended 31st March 2013
Yeejleere ms yeQke kee 31 ceee& 2013 keer eqmLeefle kes Devegmeej (mecesefkele) legueve-he$e
State Bank of India (Consolidated) Balance Sheet as on 31st March 2013

(000 kees es[ efoee ieee nw)
(000s omitted)
Devegmeteer
meb.
Sch. No.
hetbpeer Deewj oseleeSB / CAPITAL AND LIABILITIES

hetbpeer
Capital
Deejef#ele efveefOeeeB Deewj DeefOeMes<e

Reserves & Surplus
As on 31st March 2012

(Previous Year)
`
684,03,40
671,04,48
124348,98,77
105558,96,85
4253,86,10
3725,66,87
1627402,61,19
1414689,40,11
203723,19,69
157991,35,95
172745,64,53
147319,72,65
2133158,33,68
1829956,16,91
89574,03,11
79199,20,61
55653,69,49
48391,62,24
519393,19,04
460949,13,77
1392608,03,33
1163670,20,54
10
9369,92,56
7407,96,51
11
66559,46,15
70338,03,24
TOTAL
2133158,33,68
1829956,16,91
12
1056488,59,99
937155,49,74
80201,66,95
80410,04,83
Minority Interest
Deposits
GOeej
Borrowings
Deve oseleeSB Deewj heeJeOeeve
Other Liabilities and Provisions
eesie
TOTAL
DeeefmleeeB / ASSETS
vekeoer Deewj Yeejleere efj]peJe& yeQke ceW peceejeefMeeeB
Cash and Balances with Reserve Bank of India
yeQkeeW ceW peceejeefMeeeB Deewj ceeBie leLee Deuhe metevee hej heehe Oeve
Balance with banks and money at call & short notice
efveJesMe
Investments
Deefiece
Advances
Deeue DeeeqmleeeB
Fixed Assets
Deve DeeeqmleeeB
Other Assets
eesie
Deekeeqmceke oseleeSB Contingent Liabilities

mebienCe kes efueS efyeue Bills for Collection
cenlJehetCe& uesKee veerefleeeB Significant Accounting Policies
uesKee -efhheefCeeeB Notes on Accounts
17
18
31.03.2012 keer efmLeefle

kes Devegmeej (efHeuee Je<e&)

(Current Year)
`
DeuHeebMe efnle
peceejeefMeeeB

kes Devegmeej (eeuet Je<e&)
DevegmetefeeeB
SCHEDULES
Devegmeteer 1 - hetbpeer

(000s omitted)
SCHEDULE 1 - CAPITAL


(Current Year)
`

(Previous Year)
`
5000,00,00
5000,00,00
684,11,70
671,12,83
684,03,40
671,04,48
684,03,40
671,04,48
heeefOeke=le hetbpeer
` 10 heefle Mesej oj Jeeues 500,00,00,000 Mesej (efheues Je<e&
500,00,00,000)
Authorised Capital
500,00,00,000 (Previous Year 500,00,00,000) equity shares of ` 10/- each
efveie&efcele hetbpeer :
` 10 heefle Mesej oj Jeeues 68,41,17,046 F&efkeJeer Mesej (efheues Je<e&
67,11,28,349)
Issued Capital
68,41,17,046 (Previous Year 67,11,28,349) equity shares of ` 10/- each
DeefYeolle Deewj mebole Hetbpeer:

` 10 heefle Mesej oj Jeeues 68,40,33,971 F&efkeJeer Mesej (efheues Je<e& 67,10,44,838)
[GHeeg&kele ceW 1,65,21,526 (efHeues Je<e& 1,69,77,498) F&efkeJeer Mesej meefcceefuele nQ,
pees 82,60,763 (efHeues Je<e& 84,88,749) JewefMJeke efve#esHeeieej jmeeroeW kes He ceW nQ.]
Subscribed and Paid up Capital

68,40,33,971 (Previous Year 67,10,44,838) equity shares of ` 10/-each
The above includes 1,65,21,526 (Previous Year 1,69,77,498) equity shares
represented by 82,60,763 (Previous Year 84,88,749) Global Depository Receipts
eesie
TOTAL
Devegmeteer 2 - Deejef#ele efveefOeeeB Deewj DeefOeMes<e
SCHEDULE 2 - RESERVES & SURPLUS
(000s omitted)
31.03.2013 keer
efmLeefle

(Current Year)
`
I.

meebefJeefOeke Deejef#ele efveefOeeeB
DeLeMes<e
Je<e& kes oewjeve heefjJeOe&ve
Je<e& kes oewjeve keewefleeeB
31.03.2012 keer
efmLeefle

(Previous Year)
`
Statutory Reserves
Opening Balance
Additions during the year

Deductions during the year
43449,97,27
38996,30,40
5371,47,28
4453,66,87
48821,44,55
43449,97,27
II. hetbpeer Deejef#ele efveefOeeeB #

Capital Reserves #

DeLeMes<e
Opening Balance
2125,44,35
2092,59,31
87,62,49
32,85,04
2213,06,84
2125,44,35
Devegmeteer 2 - Deejef#ele efveefOeeeB Deewj DeefOeMes<e
SCHEDULE 2 - RESERVES & SURPLUS
(000s omitted)


(Current Year)
`


(Previous Year)
`
III. Mesej heerefceece

Share Premium

DeLeMes<e
Opening Balance
28513,84,58
20658,58,29
2991,08,00
7864,05,01
3,72,77
31501,19,81
8,78,72
28513,84,58
IV. efJeosMeer cege heeblejCe Deejef#ele efveefOeeeb

Foreign Currency Translation Reserves

DeLeMes<e
Opening Balance
2845,50,56
749,92,64
1168,82,55
2095,57,92
4014,33,11
2845,50,56
V. jepemJe SJeb Deve Deej#eefleeeb

Revenue and Other Reserves

DeLeMes<e
Opening Balance
Additions during the year ##
27731,45,92
19815,92,40
8682,21,22
7935,25,66
37,26,62
VI. ueeYe Deewj neefve Keeles keer Mes<e jeefMe

Balance in Profit and Loss Account
eesie
Total
36376,40,52
27731,45,92
1422,53,94
892,74,17
124348,98,77
105558,96,85
# FmeceW meceskeve Hej Hetbpeeriele Deejef#ele efveefOe `139,23,28 npeej (efHeues Je<e& ` 1,39,23,28 npeej) Meeefceue nw
## meceskeve meceeeespeveeW kees Ieekej
# includes Capital Reserve on consolidation ` 139,23,28 thousand (Previous Year ` 139,23,28 thousand)
## net of consolidation adjustments
19,72,14
Devegmeteer 3 - peceejeefMeeeB

(000s omitted)
SCHEDULE 3 - DEPOSITS


(Current Year)
`

(Previous Year)
`
8201,96,41
7598,17,42

(ii) DeveeW mes

From Others
127793,49,18
111357,83,08
yeele yeQke peceejeefMeeeB

II.

Savings Bank Deposits
527129,94,19
456632,72,25

(i) yeQkeeW mes

From Banks
29356,76,95
18580,69,73

(ii) DeveeW mes

From Others
934920,44,46
820519,97,63
1627402,61,19
1414689,40,11
1540656,01,05
1341224,25,26
86746,60,14
73465,14,85
1627402,61,19
1414689,40,11
ke. I. ceeBie peceejeefMeeeB

A. I.
Demand Deposits

(i) yeQkeeW mes

From Banks
meeJeefOe peceejeefMeeeB
III.
Term Deposits
eesie
Total
Ke.
(i) Yeejle ceW efmLele MeeKeeDeeW keer peceejeefMeeeB

B.
Deposits of Branches in India

(ii) Yeejle kes yeenj eqmLele MeeKeeDeeW keer peceejeefMeeeB

Deposits of Branches outside India
eesie
Total
Devegmeteer 4 - GOeej-jeefMeeeB

(000s omitted)
SCHEDULE 4 - BORROWINGS
I.



(Current Year)
`

(Previous Year)
`
16415,66,00
1522,00,00
8434,78,11
6693,68,11
17642,03,89
14357,75,23
3890,00,00
3890,00,00
45009,61,20
45004,57,10
91392,09,20
71468,00,44
108875,45,24
83305,85,87
3392,81,25
3179,76,24
62,84,00
37,73,40
Total
112331,10,49
86523,35,51
kegue eesie (I Je II)

Grand Total (I & II)
203723,19,69
157991,35,95
12570,33,58
5991,39,23
Yeejle ceW GOeej-jeefMeeeB

Borrowings in India

(i) Yeejleere efj]peJe& yeQke

Reserve Bank of India

(ii) Deve yeQke

Other Banks

(iii) Deve mebmLeeSB Deewj DeefYekejCe

Other Institutions and Agencies

(iv) veJeesvces<eer yesceereeoer $eCe efueKele (DeeF&Heer[erDeeF&)

Innovative Perpetual Debt Instruments (IPDI)

(v) ieewCe $eCe SJeb yeeb[

Subordinated Debts & Bonds
eesie
Total
II. Yeejle kes yeenj mes GOeej-jeefMeeeB

Borrowings outside India

(i) Yeejle kes yeenj mes GOeej jeefMeeeB Deewj hegvee|Jele

Borrowing and Refinance outside India

(ii) veJeesvces<eer yesceereeoer $eCe efueKele (DeeF&Heer[erDeeF&)

Innovative Perpetual Debt Instruments (IPDI)

(iii) ieewCe $eCe SJeb yeeb[

Subordinated Debts & Bonds
eesie
THej I Deewj II ceW meefcceefuele HeefleYetle GOeej
Secured Borrowings included in I & II above
Devegmeteer 5 - Deve oseleeSB Deewj HeeJeOeeve

(000s omitted)
SCHEDULE 5 - OTHER LIABILITIES & PROVISIONS



(Current Year)
`

(Previous Year)
`
24393,64,28
25164,68,38
167,13,54
229,12,23
III. Deblej-keeee&uee meceeeespeve (efveJeue)

Inter Office adjustments (net)
16384,11,49
IV. heesle yeepe

Interest accrued
17778,02,18
15050,35,95
719,09,59
325,36,91
VI. yeercee JeJemeee kes Hee@efuemeerOeejkeeW mes mebyebefOele oseleeSb

Liabilities relating to Policyholders in Insurance Business
50216,61,30
44920,85,73
VII. Deve (FmeceW heeJeOeeve meeqcceefuele nQ)

Others (including provisions)
63087,02,15
61629,33,45
172745,64,53
147319,72,65
I.

mebose efyeue
II.

Deblej-yeQke meceeeespeve (efveJeue)
V.

Bills payable
Inter Bank Adjustments (net)
DeemLeefiele kej oseleeSB (efveJeue)
Deferred Tax Liabilities (net)
eesie
Total
Devegmeteer 6 - vekeoer Deewj Yeejleere efjpeJe& yeQke ceW peceejeefMeeeB

(000s omitted)
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA

I.

neLe ceW vekeoer (FmeceW efJeosMeer kejWmeer vees leLee mJeCe& meeqcceefuele nQ)
II.

Yeejleere efj]peJe& yeQke ceW peceejeefMeeeB
Cash in hand (including foreign currency notes and gold)


(Current Year)
`

(Previous Year)
`
13569,34,83
13082,01,93
76004,68,28
66114,64,44
2,54,24
89574,03,11
79199,20,61
Balances with Reserve Bank of India

(i) eeuet Keeles ceW

In Current Account

(ii) Deve KeeleeW ceW

In Other Accounts
eesie
Total
Devegmeteer 7 - yeQkeeW ceW peceejeefMeeeB Deewj ceeBie leLee Deuhe metevee hej heehe OevejeefMe

(000s omitted)
SCHEDULE 7 - BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE


(Current Year)
`

(Previous Year)
`
700,22,10
866,16,03
6059,57,08
6765,69,55
7211,71,57
5805,48,81
700,00,00
331,69,00
14671,50,75
13769,03,39
27157,14,31
24580,04,34

(ii) Deve pecee KeeleeW ceW

In Other Deposit Accounts
5345,93,68
1843,99,10

(iii) ceeBie Deewj Deuhe metevee hej heehe OevejeefMe

Money at call & short notice
8479,10,75
8198,55,41
TOTAL
40982,18,74
34622,58,85
kegue eesie (I Je II)

GRAND TOTAL (I and II)
55653,69,49
48391,62,24
I.

Yeejle ceW
In India

(i) yeQkeeW ceW peceejeefMeeeB

Balances with banks
(ke) eeuet Keeles ceW

(a) In Current Account
(Ke) Deve pecee KeeleeW ceW

(b) In Other Deposit Accounts

(ii) ceeBie Deewj Deuhe metevee hej heehe OevejeefMe

Money at call & short notice
(ke) yeQkeeW ceW

(a) With banks
(Ke) Deve mebmLeeDeeW ceW

(b) With Other Institutions
eesie
TOTAL
II. Yeejle kes yeenj

Outside India

(i) eeuet Keeles ceW

In Current Account
eesie
Devegmeteer 8 - efveJesMe
SCHEDULE 8 - INVESTMENTS
(000s omitted)

I. Yeejle ceW efveJesMe :

Investments in India in

(i) mejkeejer heefleYetefleeeB

Government Securities

(ii) Deve Devegceesefole heefleYetefleeeB

Other Approved Securities

(iii) Mesej

Shares

(iv) ef[yeWej Deewj yeeb[

Debentures and Bonds

(v) meneesieer

Associates

(vi) Deve (cetegDeue Heb[ keer etefveW,


(Current Year)
`

(Previous Year)
`
391862,07,81
360054,56,37
2871,56,85
2089,18,54
24444,08,86
24834,64,64
40324,26,62
23517,79,87
1572,37,89
1265,46,97
46995,29,59
37449,90,11
508069,67,62
449211,56,50
4569,61,80
3531,20,41
70,69,84
62,13,60
6683,19,78
8144,23,26
11323,51,42
11737,57,27
519393,19,04
460949,13,77
509328,18,84
451425,98,03
1258,51,22
2214,41,53
508069,67,62
449211,56,50
11463,00,51
12012,89,05
139,49,09
275,31,78
11323,51,42
11737,57,27
519393,19,04
460949,13,77
JeeefCeefpekeHe$e hesj leLee

heeLeefcekelee HeeHle #es$e keer peceejeefMeeeB Deeefo)
Others (Units of Mutual Funds, Commercial Papers,

Priority Sector Deposits etc.)
eesie
TOTAL
II. Yeejle kes yeenj efveJesMe

Investments outside India in

(i) mejkeejer heefleYetefleeeW ceW (FmeceW mLeeveere heeefOekejCe meeqcceefuele nQ)

Government Securities (including local authorities)

(ii) meneesieer

Associates

(iii) Deve efveJesMe (Mesej, ef[yeWej Deeefo)

Other Investments (Shares, Debentures, etc.)
eesie
TOTAL
kegue eesie (I SJeb II)
GRAND TOTAL (I and II)
III. Yeejle ceW efveJesMe

Investments in India in

(i) efveJesMeeW kee mekeue cetue

Gross Value of Investments

(ii) IeeSB : kegue heeJeOeeve / cetueeme

Less: Aggregate of Provisions / Depreciation

(iii) efveJeue efveJesMe (Thej I mes)

Net Investments (vide I above)
IV. Yeejle kes yeenj efveJesMe

Investments outside India in

(i) efveJesMeeW kee mekeue cetue

Gross Value of Investments

(ii) IeeSB: kegue heeJeOeeve / cetueeme

Less: Aggregate of Provisions / Depreciation

(iii) efveJeue efveJesMe (Thej II mes)

Net Investments (vide II above)
kegue eesie (III SJeb IV)
GRAND TOTAL (III and IV)

9
Devegmeteer 9 - Deefece
SCHEDULE 9 - ADVANCES
(000s omitted)
31.03.2013 keer
efmLeefle
31.03.2012 keer
efmLeefle

(Current Year)
`

(Previous Year)
`
(i) ee efkeS ieS Deewj yeeke=le efyeue

A.
Bills purchased and discounted
102044,39,37
90893,63,64

(ii) kewMe esef[, DeesJej[êHe Deewj ceeBie hej heeflemebose $eCe

Cash Credits,Overdrafts and Loans Repayable on demand
615349,13,44
498481,20,77

(iii) meeJeefOe $eCe

Term Loans
675214,50,52
574295,36,13
1392608,03,33
1163670,20,54
1071886,44,08
875465,18,10

(ii) yeQke / mejkeejer heleeYetefleeeW eje mebjef#ele

Covered by Bank / Government Guarantees
100582,82,89
86332,96,33

(iii) DeheefleYetle

Unsecured
220138,76,36
201872,06,11
1392608,03,33
1163670,20,54
375962,79,00
345780,06,73
73636,90,26
72039,51,04
892,64,87
339,58,80
765498,22,60
602723,48,35
1215990,56,73
1020882,64,92
32972,34,89
17171,70,50
21229,56,72
21623,37,73
58531,61,40
49339,16,18
63883,93,59
54653,31,21
TOTAL
176617,46,60
142787,55,62
kegue eesie [ie (I) SJeb ie (II)]

GRAND TOTAL [C (I) and C (II)]
1392608,03,33
1163670,20,54
ke.
eesie
TOTAL
Ke.
(i) cetle& DeeeqmleeeW eje heefleYetle

(FmeceW yener $eCeeW hej Deefiece meeqcceefuele nQ)
B.
Secured by tangible assets

(includes advances against Book Debts)
eesie
TOTAL
ie.
(I) Yeejle ceW Deefiece

C.
Advances in India

(i) heeLeefcekelee heehle #es$e

Priority Sector

(ii) meeJe&peefveke #es$e

Public Sector

(iii) yeQke

Banks

(iv) Deve

Others
eesie
TOTAL

(II) Yeejle kes yeenj Deefiece

Advances outside India

(i) yeQkeeW mes heehe

Due from banks

(ii) DeveeW mes heehe

Due from others

(ke) ee efkeS ieS Deewj yeeke=le efyeue

(a) Bills purchased and discounted
(Ke) eEme[erkesef[ $eCe

(b) Syndicated loans

(ie) Deve
(c) Others
eesie
10
Devegmeteer 10 - Deeue DeeeqmleeeB

(000s omitted)
SCHEDULE 10 - FIXED ASSETS


(Current Year)
`


(Previous Year)
`
I. heefjmej
Premises

hetJe&Jeleea Je<e& keer 31 ceee& keer eqmLeefle kes Devegmeej ueeiele hej
Deeleve cetueeme
At cost as on 31st March of the preceding year

Depreciation to date
hetJe&Jeleea Je<e& kes 31 ceee& keer eqmLeefle kes Devegmeej ueeiele hej
Deeleve cetueeme
2606,31,69
743,84,48
454,98,31
3,35,64
5,92,31
1177,73,85
II. Deve Deeue DeeeqmleeeB (FmeceW Heveeaej Deewj efHekemeej meeqcceefuele

Other Fixed Assets (including furniture and fixtures)

3055,37,69
2618,12,68
1051,76,21
2003,61,48
nQ)

Depreciation to date
15646,57,73
14029,96,46
3064,44,93
2346,63,13
839,14,39
730,01,86
11819,45,62
6052,42,65
10639,67,34
5006,90,39
III. heeke=le DeeeqmleeeB

Leased Assets

hetJe&Jeleea Je<e& kes 31 ceee& keer eqmLeefle kes Devegmeej ueeiele hej
heeJeOeeve meefnle Deeleve cetueeme

Depreciation to date (including provisions)
IeeSB : hee meceeeespeve Keelee
Less : Lease Adjustment Account
917,80,50
906,97,74
12,30,01
11,02,75
20,03,83
19,99
882,62,21
897,15,52
27,44,47
20,64,98
4,50,18
IV. efvecee&CeeOeerve DeeeqmleeeB

Assets under Construction
eesie
TOTAL
11
22,94,29
4,50,18
16,14,80
676,42,94
381,29,84
9369,92,56
7407,96,51
Devegmeteer 11 - Deve DeeeqmleeeB
SCHEDULE 11 - OTHER ASSETS
(000s omitted)
31.03.2013 keer
efmLeefle
31.03.2012 keer
efmLeefle

(Current Year)
`

(Previous Year)
`
1335,13,92
3110,81,70
16750,54,58
15121,66,38
7246,74,38
9931,41,36
125,23,07
128,70,95
29,58,53
33,81,06
594,29,46
534,45,70
40477,92,21
41477,16,09
66559,46,15
70338,03,24
(i) Deblej-keeee&uee meceeeespeve (efveJeue)

Inter Office adjustments (net)
(ii) heesle yeepe

Interest accrued
(iii) Deefiece he mes heole kej / eesle hej keee ieee kej

Tax paid in advance / tax deducted at source
(iv) uesKeve meeceieer Deewj mebhe

Stationery and Stamps
(v) oeJeeW kes efveheeve mes heehle keer ieF iewj-yeQeEkeie DeeeqmleeeB

Non-banking assets acquired in satisfaction of claims
(vi) DeemLeefiele kej DeefmleeeB (efveJeue)

Deferred tax assets (net)
(vii) Deve #

Others #
eesie
TOTAL
# meceskeve DeeOeej Hej meeKe ` 728,55,26 npeej Meeefceue nw (efHeues Je<e& ` 728,64,93 npeej)
# Includes Goodwill on consolidation ` 728,55,26 thousand (P.Y. ` 728,64,93 thousand)
Devegmeteer 12 - Deekeeqmceke oseleeSB
SCHEDULE 12 - CONTINGENT LIABILITIES
(000s omitted)



(Current Year)
`

(Previous Year)
`
1571,76,13
1344,28,80
6,13,51
10,69,90
548862,16,67
460108,59,30
117565,83,83
105767,34,48
81047,16,27
85203,17,43
Acceptances, endorsements and other obligations
149889,00,38
160401,48,34
VI. Deve ceoW, efpevekes efueS yeQke Deekeeqmceke he mes Gejoeeer nw

Other items for which the group are contingently liable
157546,53,20
124319,91,49
1056488,59,99
937155,49,74
80201,66,95
80410,04,83
I.

yeQke kes efJe oeJes efpevnW $eCeeW kes he ceW mJeerkeej veneR efkeee ieee nw
II.

DebMele: heoe efveJesMeeW kes efueS oselee
Claims against the group not acknowledged as debts

Liability for partly paid investments
III. yekeeee Jeeeoe efJeefvecee mebefJeoeDeeW keer yeeyele oselee

Liability on account of outstanding forward exchange contracts
IV. ieenkeeW keer Deesj mes oer ieF& ieejbefeeB

Guarantees given on behalf of constituents

(ke) Yeejle ceW
(Ke) Yeejle kes yeenj
V.

(a) In India
(b) Outside India
heefleienCe, he=ebkeve Deewj Deve oeefelJe
eesie
TOTAL
mebienCe kes efueS efyeue

Bills for collection
12
31 ceee& 2013 kees meceehle Je<e& kes efueS ueeYe Deewj neefve Keelee
Profit and Loss Account for the year ended 31st March 2013
31.03.2013 kees meceeHle Je<e&
(000s omitted)
31.03.2012 kees meceeHle Je<e&
Year ended 31st March 2013

(Current Year)
`

(Previous Year)
`
13
167978,13,78
147197,38,72
14
32581,69,88
200559,83,66
29691,58,30
176888,97,02
15
106817,91,29
89319,55,28
16
52819,79,73
46856,03,30
22599,13,28
182236,84,30
24883,93,33
161059,51,91
18322,99,36
15829,45,11
231,67,78
143,85,41
638,44,03
630,20,56
17916,23,11
15343,09,96
892,74,17
522,92,29
18808,97,28
15866,02,25
5371,44,24
4454,61,65
8695,52,63
7781,54,57
2838,74,09
2348,65,69
480,72,38
388,46,17
1422,53,94
18808,97,28
` 266.82
` 266.82
892,74,17
15866,02,25
` 241.55
` 241.55
Devegmeteer
meb.
(eeuet Je<e&)
Sch.No
I. Deee
INCOME
Deefpe&le yeepe

Interest earned
Deve Deee

Other Income
II. Jee
EXPENDITURE
efoee ieee yeepe

Interest expended
heefjeeueve Jee

Operating expenses
heeJeOeeve Deewj Deekeeqmceke Jee

Provisions and contingencies
III. ueeYe
PROFIT
Je<e& kes efueS

eesie TOTAL
eesie TOTAL
efveJeue ueeYe (meneesefieeeW Deewj DeuHeebMe efnle ceW

efnmmesoejer kes efueS meceeeespeve kejves kes HetJe&)
Net Profit for the year (before adjustment for Share in

Profit of Associates and Minority Interest)
pees[W : meneesefieeeW kes ueeYe ceW efnmmesoejer

Add: Share in Profit of Associates
IeeSb : DeuHeebMe efnle

Less: Minority Interest
mecetn kes efueS efveJeue ueeYe

Net Profit for the Group
Deeies ueeee ieee Mes<e

Balance Brought forward
efJeefveeespeve kes efueS GHeueyOe jeefMe

Amount available for Appropriation
efJeefveeespeve

APPROPRIATIONS
keevetveer Deejef#eefleeeW kees DeblejCe

Transfer to Statutory Reserves
Deve Deejef#eefleeeW kees DeblejCe

Transfer to Other Reserves
HemleeefJele ueeYeebMe

Proposed Dividend
ueeYeebMe Hej kej

Tax on Dividend
DeefleMes<e pees legueveHe$e ceW Deeies ues peeee ieee nw

Balance carried over to Balance Sheet

(efHeuee Je<e&)
eesie TOTAL
Heefle Mesej cetue Deee / Basic Earnings per Share

Heefle Mesej vetveerke=le Deee / Diluted Earnings per Share
cenlJeHetCe& uesKee veerefleeeB / Significant Accounting Policies
uesKee-efHHeefCeeeB / Notes on Accounts
17
18
13
Devegmeteer 13 - Deefpe&le yeepe

(000s omitted)
SCHEDULE 13 - INTEREST EARNED

31.03.2013 kees
I.

DeefieceeW / efyeueeW hej yeepe / yee
II.

efveJesMeeW hej Deee
III.
Yeejleere efjpeJe& yeQke ceW peceejeefMeeeW Deewj

Deve Deblej-yeQke efveefOeeeW hej yeepe
Interest / discount on advances/ bills

Income on Investments
Interest on balances with Reserve Bank of India

and other inter-bank funds
IV. Deve

Others
eesie TOTAL
meceeHle Je<e&
(eeuet Je<e&)

(Previous Year)
`
126442,17,69
111341,45,56
38703,23,15
33705,20,92
1338,70,42
776,25,90
1494,02,52
1374,46,34
167978,13,78
147197,38,72

(000s omitted)
SCHEDULE 14 - OTHER INCOME

31.03.2013 kees
keceerMeve, efJeefvecee Deewj oueeueer
II.

efveJesMeeW kes efJeee hej ueeYe/ (neefve ) (efveJeue)
Commission, exchange and brokerage

Profit /(Loss) on sale of investments (Net)
III. efveJesMeeW kes hegvecet&ueebkeve hej ueeYe / (neefve) (efveJeue)

Profit /(Loss) on revaluation of investments (Net)
IV.
V.

meceeHle Je<e&
(eeuet Je<e&)
31.03.2012 kees
meceeHle Je<e&
(efHeuee Je<e&)
Year Ended 31st March 2013

(Current Year)
`

(Previous Year)
`
13861,89,39
14532,36,72
2861,82,55
(583,26,05)
594,91,28
(1369,65,79)
(40, 53,82)
(47,01,40)
2011,12,49
1688,26,70
12,86,75
2,28,75
61,25
15,10
400,66,84
268,98,68
10415,77,26
12985,11,49
2462,55,89
2214,34,10
32581,69,88
29691,58,30
Heeke=le DeeefmleeeW meefnle Yetefce, YeJeveeW Deewj Deve DeeeqmleeeW kes

efJeee hej ueeYe / (neefve) (efveJeue)
Profit /(Loss) on sale of land, building and other
assets including leased assets (net)
efJeefvecee uesve-osve hej ueeYe / (neefve) (efveJeue)
Profit /(Loss) on exchange transactions (Net)
VI. Yeejle/efJeosMe efmLele meneesefieeeW mes HeeHle ueeYeebMe

Dividends from Associates in India/ abroad
VII. efJeeere heds mes Deee

Income from Financial Lease
VIII. kesef[ kee[& meomelee/mesJee Meguke

Credit Card membership/ service fees
IX. yeercee Heerefceece Deee (efveJeue)

Insurance Premium Income (net)
X.

meceeHle Je<e&
(efHeuee Je<e&)

(Current Year)
`
Devegmeteer 14 - Deve Deee
I.

31.03.2012 kees
efJeefJeOe Deee
Miscellaneous Income
eesie TOTAL
14
Devegmeteer 15 - efoee ieee yeepe
SCHEDULE 15 - INTEREST EXPENDED
(000s omitted)
31.03.2013 kees
I. peceejeefMeeeW hej yeepe

Interest on Deposits
II. Yeejleere efj]peJe& yeQke /Deblej yeQke GOeej-jeefMeeeW hej yeepe

Interest on Reserve Bank of India/ Inter-bank borrowings
III. Deve

Others
eesie TOTAL
meceeHle Je<e&
(eeuet Je<e&)

(Previous Year)
`
96302,48,84
79345,57,40
4736,59,97
4427,60,44
5778,82,48
106817,91,29
5546,37,44
89319,55,28
SCHEDULE 16 - OPERATING EXPENSES
(000s omitted)
31.03.2013 kees
meceeHle Je<e&
(efHeuee Je<e&)

(Current Year)
`
Devegmeteer 16 - heefjeeueve Jee
I.

II.

III.

IV.

V.

VI.

VII.
31.03.2012 kees
kece&eeefjeeW kees Yegieleeve Deewj Gvekes efueS heeJeOeeve
Payments to and provisions for employees
Yee[e, kej Deewj efyepeueer Kee&

Rent, taxes and lighting
cegCe Deewj uesKeve-meeceieer

Printing & Stationery
efJe%eeheve Deewj heeej
Advertisement and publicity

(ke) heeke=le DeeeqmleeeW hej cetueeme
(a) Depreciation on Leased Assets
(Ke) Deeue DeeefmleeeW hej cetueeme (heeke=le DeeeqmleeeW kes Deefleefje)
(b) Depreciation on Fixed Assets (other than Leased Assets)
efveosMekeeW kes Meguke, Yees Deewj Jee
Directors fees, allowances and expenses
meceeHle Je<e&
(eeuet Je<e&)
31.03.2012 kees
meceeHle Je<e&
(efHeuee Je<e&)

(Current Year)
`

(Previous Year)
`
24401,09,07
22084,02,73
3252,70,34
2822,38,95
419,33,83
380,08,52
643,67,08
342,66,27
4,66,19
1,84,61
1572,83,04
1369,76,13
7,55,97
5,86,33
186,76,13
197,98,41
248,83,62
211,69,70
682,63,85
539,09,80
530,12,53
489,96,18
1596,69,48
1271,89,18
78,86,98
12,85,34
319,08,12
333,44,65
13450,63,98
12444,91,93
5424,29,52
52819,79,73
4347,54,57
46856,03,30
uesKeehejer#ekeeW keer Heerme Deewj Jee

(MeeKee uesKeehejer#ekeeW keer Heerme SJeb Jee meefnle)

Auditors fees and expenses

(including branch auditors fees and expenses)
VIII. efJeefOe heYeej

Law charges
IX. [eke Jee, leej Deewj sueerHeesve Deeefo.

Postages, Telegrams, Telephones, etc.
X. cejccele Deewj Devegj#eCe

Repairs and maintenance
XI. yeercee

Insurance
XII. DeemLeefiele Deee Jee kee HeefjMeesOeve

Amortization of deferred revenue expenditure
XIII. Deve Heefjeeueve Jee-kesef[ kee[& Heeeueve mes mebyebefOele

Other Operating Expenses relating to Credit Card Operations
XIV. Deve Heefjeeueve Jee-yeercee JeJemeee mes mebyebefOele

Other Operating Expenses relating to Insurance Business
XV. Deve Jee

Other Expenditure
eesie TOTAL
15

SCHEDULE 17
Devegmeteer 17
cenJehetCe& uesKeekejCe veerefleeeB
ke. leweej kejves kee DeeOeej

mebueive efJeeere efJeJejCe, peye leke efke DeveLee GuuesKe veneR efkeee ieee
nes, DeJeefOeiele ueeiele DeeOeej kes Devegmeej uesKee kes heesJeve DeeOeej hej
leweej efkeS ieS nQ Deewj Yeejle ceW meeceevele ceeve uesKeekejCe efmeebleeW
(peerSSheer) kes meYeer cenJehetCe& henuegDeeW kes Deveghe nQ ~ Fve efmeebleeW ceW
heeespe meebefJeefOeke heeJeOeeve, Yeejleere efj]peJe& yeQke, yeercee efJeefveeeceke SJeb
efJekeeme heeefOekejCe, HeWMeve efveefOe efJeefveeeceke Deewj efJekeeme HeeefOekejCe
(HeerSHeDeej[erS) kebheveer DeefOeefveece, 1956 eje efveOee&efjle efJeefveeeceke
ceeveoC[/efoMeeefveoxMe, Yeejleere meveoer uesKeekeej mebmLeeve (DeeF&meerSDeeF&)
eje peejer uesKee ceeveke, Deewj Yeejle ceW heeefuele uesKee heLeeSb Meeefceue nQ~
efJeosMeer FkeeFeeW kes ceeceues AceW efJeosMeer kebHeefveeeW Hej ueeiet meeceevele: ceeve
uesKeekejCe efmeebleeW kee DevegHeeueve efkeee ieee nw~
Ke. heekekeueveeW kee heeesie

efJeeere efJeJejCeeW kees leweej kejves ceW heyebOeve kees, efJeeere efJeJejCeeW keer efleefLe
kees - DeeeqmleeeW Deewj oseleeDeeW (FmeceW Deekeeqmceke oseleeSB meeqcceefuele nQ)
keer metefele jeefMeeeB leLee metevee DeJeefOe kes oewjeve metefele Deee SJeb Jee
ceW heefleHeefuele heekekeueve Deewj hetJee&vegceeve kejves keer DeeJeMekelee nesleer nw~
heyebOeve kee en ceevevee nw efke efJeeere efJeJejCeeW kees leweej kejves ceW heege
heekekeueve efJeJeskehetCe& Deewj eLeesefele nQ~ YeeJeer heefjCeece Fve heekekeueveeW mes
Deueie nes mekeles nQ~
ie. meceskeve kee DeeOeej
1. mecetn (efpemeceW 28 Deveg<ebefieeeB, 8 mebege Gece Deewj 25 meneesieer
Meeefceue nQ) kes mecesefkele efJeeere efJeJejCe efvecveefueefKele kes DeeOeej hej
leweej efkeS ieS nQ

ke. Yeejleere ms yeQke (cetue kebheveer) kes uesKee hejeref#ele Keeles~

Ke. Yeejleere meveoer uesKeekeej mebmLeeve kes eje ``mecesefkele efJeeere
efJeJejCeeW'' kes efueS peejer uesKee ceeveke 21 kes Devegmeej meYeer
Deble mecetn Yeewefleke yekeeee/uesveosve, iewj-Jemetueerke=le ueeYe/neefve
kees Deueie kejkes leLee Demecehe uesKee veerefleeeW kes efueS peneb
DeeJeMeke ngDee nw Jeneb DeeJeMeke meceeeespeve kejves kes Ghejeble
Deveg<ebefieeeW keer Deeeqmle/oselee/Deee/Jee kee (cetue kebheveer keer
FvneR ceoeW mes) eceMe De#ejMe meceskeve efkeee ieee nw~

ie. mebege GeceeW kee meceskeve Yeejleere meveoer uesKeekeej mebmLeeve
kes `mebege GeceeW ceW efnleeW hej efJeeere metevee mes mebyebefOele uesKee
ceeveke-27 kes Devegmeej `meceevegheeefleke meceskeve' efkeee ieee nw~

Ie. `meneesefieeeW' ceW efkeS ieS efveJesMe kee uesKeekejCe `F&eqkeJeer-heefle'
kes Debleie&le Yeejleere meveoer uesKeekeej mebmLeeve kes ``mecesefkele
efJeeere efJeJejCeeW ceW meneesefieeeW ceW efveJesMe nsleg uesKeekejCe mes
mebyebefOele uesKee ceeveke 23 kes Devegmeej efkeee ieee nw~
2. Deveg<ebieer kebheefveeeW ceW mecetn kes efveJesMe keer ueeiele leLee Deveg<ebefieeeW keer
F&eqkeJeer ceW mecetn kes DebMe kes yeere kes Deblej kees efJeeere efJeJejCeeW ceW meeKe/
hetbpeer Deejef#eleer kes he ceW efoKeeee ieee nw~
3.
mecesefkele Deveg<ebefieeeW keer efveJeue DeeeqmleeeW ceW DeuheebMe efnle efvecveJele nw
SIGNIFICANT ACCOUNTING POLICIES:
16
A.
Basis of Preparation:
The accompanying financial statements have been prepared

under the historical cost convention, on the accrual basis
of accounting, unless otherwise stated and conform in all
material aspect to Generally Accepted Accounting Principles
(GAAP) in India, which comprise applicable statutory
provisions, regulatory norms/guidelines prescribed by
Reserve Bank of India (RBI), Insurance Regulatory and
Development Authority (IRDA), Pension Fund Regulatory
and Development Authority (PFRDA), Companies Act, 1956,
Accounting Standards issued by the Institute of Chartered
Accountants of India (ICAI), and the prevalent accounting
practices in India. In case of foreign entities, Generally
Accepted Accounting Principles as applicable to the foreign
entities are followed.
B.
Use of Estimates
The preparation of financial statements requires the

management to make estimates and assumptions
considered in the reported amounts of assets and
liabilities (including contingent liabilities) as of the date
of the financial statements and the reported income
and expenses during the reporting period. Management
believes that the estimates used in the preparation of the
financial statements are prudent and reasonable. Future
results could differ from these estimates.
C.
Basis of Consolidation:
1.
Consolidated financial statements of the Group (comprising

of 28 subsidiaries, 8 Joint Ventures and 25 Associates)
have been prepared on the basis of:
a.
Audited accounts of State Bank of India (Parent).
b.
Line by line aggregation of each item of asset/

liability/income/expense of the subsidiaries with the
respective item of the Parent, and after eliminating
all material intra-group balances/transactions,
unrealised profit/loss, and making necessary
adjustments wherever required for non-uniform
accounting policies as per AS 21 Consolidated
Financial Statements issued by the ICAI.
c.
Consolidation of Joint Ventures Proportionate

Consolidation as per AS 27 Financial Reporting of
Interests in Joint Ventures of the ICAI.
d.
Accounting for investment in Associates under

the Equity Method as per AS 23 Accounting for
Investments in Associates in Consolidated Financial
Statements of the ICAI.
2.
The difference between cost to the group of its investment

in the subsidiary entities and the groups portion of the
equity of the subsidiaries is recognised in the financial
statements as goodwill / capital reserve.
3.
Minority interest in the net assets of the consolidated

subsidiaries consists of:
ke. efpeme efleefLe kees efkemeer Deveg<ebieer ceW efveJesMe efkeee ieee nw, Gme efleefLe
kees DeuheebMe efnle keer F&eqkeJeer-jeefMe, Deewj

Ke. cetue kebheveer Deewj Deveg<ebieer kes mebyebOe mLeeefhele nesves keer efleefLe mes
Deee Deejef#eefleeeW/neefve (F&eqkeJeer) ceW DeuheebMe-Mesej kee Gleeje{eJe~
Ie. cenJehetCe& uesKee veerefleeeB
1.
Deee efveOee&jCe

1.1 Fmemes DeveLee efkeS ieS GuuesKe kees es[kej Deee Deewj Jee

kees heesJeve DeeOeej hej uesKes ceW efueee ieee nw~ efJeosMe eqmLele
keeee&ueeeW/FkeeFeeW kes mebyebOe ceW Deee kee DeefYe%eeve Gme osMe
kes mLeeveere keevetve kes Devegmeej efkeee ieee nw, efpeme osMe ceW Jes
keeee&uee/ FkeeFeeB eqmLele nQ ~
1.2 efvecveefueefKele kees es[kej ueeYe Deewj neefve Keeles ceW efveOee&jCe

heesJeve DeeOeej hej efkeee peelee nw (i) DeefieceeW, heeW Deewj efveJesMeeW
mes meceeefJe< Devepe&ke DeeeqmleeeW mes Deee, efpemekee efveOee&jCe
Yeejleere efjpeJe& yeQke / efJeosMe eqmLele keeee&ueeeW / FkeeFeeW kes
ceeceues ceW mebyebefOele osMe kes efJeefveeecekeeW (Fmekes heeele meecetefnke
he mes efJeefveeeceke heeefOekejCe kenueeSbies) eje efveOee&efjle
efJeJeskehetCe& ceeveob[eW kes Devegmeej Jemetueer DeeOeej hej efkeee peelee
nw, (ii) efveJesMeeW leLee yeeke=le efyeueeW hej Deefleose yeepe (iii)
heee [sjerJesefJme hej Deee ``^seE[ie'' kes he ceW veeefcele~
1.3 efveJesMeeW keer efyeeer hej nesves Jeeues ueeYe ee neefve kees ueeYe SJeb neefve

Keeles ceW efueee ieee nw, leLeeefhe, `heefjhekeJelee leke jKes ieS' esCeer
kes efveJesMeeWveeW keer efyeeer hej nesvesJeeues ueeYe kees heeespe kejeW Deewj
`hetbpeer Deejef#ele Keeles' ceW meebefJeefOeke Deejef#ele efveefOe nsleg Debleefjle
keer peeves Jeeueer DeeJeMeke jeefMe kees Ieeves kes yeeo meceeeesefpele
efkeee ieee nw~
1.4 efJee heeW mes ngF& Deee kee heefjkeueve heeLeefceke hee DeJeefOe kes

efueS hes keer yekeeee efveJeue efJeefveOeeve keer jeefMe hej hes keer
yeepe oj kee Gheeesie kejkes efkeee ieee nw~ 01 Dehewue, 2001
mes heYeeJeer heeW kees hes ceW efveJeue efJeefveOeeve kes meceeve jeefMe kes
Deefiece kes he ceW uesKes ceW efueee ieee nw~ hee efkejeeeW kee cetue
jeefMe Deewj efJee Deee ceW heYeepeve efJee heeW mes mecyeodIe yekeeee
efveJeue heeJeOeeveeW kes efveele DeeJeefOeke heefleHeue kes hejeJeleea mJehe
kes DeeOeej hej efkeee ieee nw~ cetue jeefMe kee Gheeesie hes ceW efveJeue
efveJesMe jeefMe kees Ieeves kes efueS efkeee ieee nw Deewj efJee Deee kees
yeepe Deee kes he ceW efjhees& efkeee ieee nw~
1.5 ``heefjhekeJelee leke jKes ieS'' esCeer ceW efJeefveOeeve hej Deee (yeepe

kees es[kej) kee Debefkele cetue keer leguevee ceW yeeke=le cetue hej
efvecveevegmeej efveOee&jCe efkeee ieee nw
i. yeepe-heehle kejves Jeeueer heefleYetefleeeW kes meboYe& ceW Fmes
efyeeer / MeesOeve kes mecee efveOee&jCe efkeee ieee nw~
ii. Metve-ketheve heefleYetefleeeW hej, Fmes heefleYetefle keer Mes<e
DeJeefOe kes efueS efveele Deee DeeOeej hej uesKes ceW efueee
ieee nw~
1.6 peneB ueeYeebMe heehle kejves kee DeefOekeej efmeodIe neslee nw JeneB

ueeYeebMe kees heesJeve DeeOeej hej uesKes ceW efueee ieee nw~
1.7 (i) DeemLeefiele Yegieleeve ieejbefeeW hej ieejber keceerMeve kee

Deekeueve ieejber keer hetjer DeJeefOe kes efueS efkeee ieee nw Deewj (ii)
mejkeejer JeJemeee hej keceerMeve kee efveOee&jCe heesJeve DeeOeej
17
a.
The amount of equity attributable to the minority at

the date on which investment in a subsidiary is made,
and
b.
The minority share of movements in revenue

reserves/loss (equity) since the date the parentsubsidiary relationship came into existence.
D.
Significant Accounting Policies
1.
Revenue recognition
1.1
Income and expenditure are accounted on accrual

basis, except otherwise stated. In respect of foreign
offices/entities, income is recognised as per the local
laws of the country in which the respective foreign
offices/entities are located.
1.2
Interest income is recognised in the Profit and Loss

Account as it accrues except (i) income from nonperforming assets (NPAs), comprising of advances,
leases and investments, which is recognised upon
realisation, as per the prudential norms prescribed
by the RBI/ respective country regulators in case of
foreign offices/entities (hereafter collectively referred
to as Regulatory Authorities), (ii) overdue interest
on investments and bills discounted, (iii) Income on
Rupee Derivatives designated as Trading.
1.3
Profit or Loss on sale of investments is recognised in

the Profit and Loss Account, however the profit on
sale of investments in the Held to Maturity category
is appropriated net of applicable taxes and amount
required to be transferred to statutory reserve to
Capital Reserve Account.
1.4
Income from finance leases is calculated by applying

the interest rate implicit in the lease to the net
investment outstanding in the lease, over the primary
lease period. Leases effective from April 1, 2001 are
accounted as advances at an amount equal to the
net investment in the lease. The lease rentals are
apportioned between principal and finance income
based on a pattern reflecting a constant periodic
return on the net investment outstanding in respect
of finance leases. The principal amount is utilized for
reduction in balance of net investment in lease and
finance income is reported as interest income.
1.5
Income (other than interest) on investments in Held

to Maturity (HTM) category acquired at a discount
to the face value, is recognised as follows:
i.
On Interest bearing securities, it is recognised

only at the time of sale/ redemption.
ii.
On zero-coupon securities, it is accounted for

over the balance tenor of the security on a
constant yield basis.
1.6
Dividend is accounted on an accrual basis where the

right to receive the dividend is established.
1.7
All other commission and fee incomes are recognised

on their realisation except for (i) Guarantee
commission on deferred payment guarantees, which

is spread over the period of the guarantee and (ii)
Commission on Government Business, which is
recognised as it accrues.
hej efkeee ieee nw~ Fve oesveeW kees es[kej Deve meYeer keceerMeve
Deewj Meguke - Deee kee efveOee&jCe Jemetueer kes yeeo efkeee ieee nw~
1.8 efJeMes<e ie=n $eCe eespevee (efomebyej 2008 mes petve 2009) kes

Debleie&le Yegieleeve efkeee ieee Ske yeejieer yeercee heerefceece $eCe keer
15 Je<eeX keer Deewmele $eCe DeJeefOe ceW heefjMeesefOele efkeee ieee nw~
1.9 iewj-yeQeEkeie FkeeFeeB

ceeX yeQeEkeie

ke. ieenke kes meeLe ngS kejej kes Devegmeej efveie&ce-heyebOeve Deewj
hejeceMe& Meguke HeYeeJe DeblejCe kees Ieekej Meeefceue efkeee
ieee nw~

Ke. meghego& efveele-keee& kes hetje nesves kes yeeo efvepeer efveeespeve
Meguke kees Meeefceue efkeee ieee nw~

ie. Mesej oueeueer keee&keueehe mes mebyebefOele oueeueer Deee kees
uesveosve kejves keer efleefLe hej Meeefceue efkeee ieee nw Deewj
GmeceW meche Meguke SJeb uesveosve mebyebOeer Jee Meeefceue nQ
leLee eespevee kes efueS oer ieF& Heeslmeenve jeefMeeeB Meeefceue
veneR nw~

Ie. meeJe&peefveke efveie&ceeW mes mebyebefOele keceerMeve kees meeJe&peefveke
efveie&ce kes Deeyebve keer heefeee kes hetCe& nesves kes heeele
efyeeewefueeeW mes metevee HeeHle nesves Hej uesKes ceW efueee
ieee nw~

[. meeJe&peefveke efveie&ce/cetegDeue Heb[/Deve heefleYetefleeeW mes
mebyebefOele oueeueer Deee kees ieenkeeW/efyeeewefueeeW mes jeefMe
Deewj metevee heehle nesves kes yeeo uesKes ceW efueee ieee nw~

e. efve#esHeeieej Deee - Jeeef<e&ke Devegj#eCe HeYeej HeesodYeJeve
DeeOeej Hej Meeefceue efkeS ieS nQ Deewj uesveosve HeYeej uesve
osve keer mebJeJenej efleefLe kees Meeefceue efkeS ieS nQ~
Deeeqmle heyebOeve

ke. mebyebefOele eespeveeDeeW ceW mencele efJeefMe ojeW hej heyebOeve
Meguke kees Deee ceW Meeefceue efkeee ieee nw~ Fve ojeW kees
heleske eespevee keer efveJeue Deeeqmle kes owefveke Deewmele
DeeOeej hej ueieeee ieee nw (FmeceW peneB ueeiet nes Deblejeespevee efJeefveOeeve Deewj mebyebefOele eespeveeDeeW ceW kebheveer eje
efkeS ieS efJeefveOeeveeW kees veneR Meeefceue efkeee ieee nw)
Deewj en mesyeer (cetegDeue-Heb[) efJeefveece 1996 eje
efveOee&efjle meerceeDeeW kes Deveghe nw~

Ke. mebefJeoe Meleex kes Devegmeej, mebefJeYeeie meueenkeejer mesJee
Deewj mebefJeYeeie HeyebOeve mesJee mes heehle Deee kees heesJeve
DeeOeej hej Meeefceue efkeee ieee nw~

ie. heeflemLeeheve DeefOekeej kes Debleie&le kebheveer eje DeefYeie=nerle
eespeveeDeeW kes Debleefjle efveJesMeeW keer Jemetueer heeeqhle DeeOeej
hej uesKes ceW ueer ieF& nw~

Ie. efveefOeke ieejbefle eespeveeDeeW mes nesves Jeeueer Jemetueer kees
heeeqhle kes Je<e& ceW Deee kes he ceW ceevee ieee nw~

[. eespevee Jee efveOee&efjle ojeW mes DeefOeke eespevee JeeeW
Deewj veF& Heb[ HesMekeMe mes mebyebefOele JeeeW kees ueeYe Deewj
neefve Keeles ceW Gmeer Je<e& ceW Meeefceue efkeee ieee nw efpemeceW Jes
Jenve efkeS ieS~
1.8
One time Insurance Premium paid under Special

Home Loan Scheme (December 2008 to June 2009)
is amortised over average loan period of 15 years.
1.9
Non-banking entities
Merchant Banking:

a.
Issue management and advisory fees are

recognised as per the terms of the agreement
with the client, net of pass-through.
b.
Fees for private placement are recognised on

completion of assignment.
c.
Brokerage income in relation to stock broking

activity is recognised on the trade date of
transactions and includes stamp duty and
transaction charges and is net of scheme
incentives paid.
d.
Commission relating to public issues is

accounted for on finalisation of allotment of
the public issue/receipt of information from
intermediary.
e.
Brokerage income relating to public issues/

mutual fund/other securities is accounted for
based on mobilisation and intimation received
from clients/intermediaries.
f.
Depository income Annual Maintenance

Charges are recognised on accrual basis and
transaction charges are recognised on trade
date of transaction.
Asset Management:
18
a.
Management fee is recognised at specific

rates agreed with the relevant schemes,
applied on the average daily net assets of each
scheme (excluding inter-scheme investments,
wherever applicable, and investments made
by the company in the respective scheme)
and are in conformity with the limits specified
under SEBI (Mutual Funds) Regulations, 1996.
b.
Portfolio Advisory Service and Portfolio

Management Service income is recognised on
accrual basis as per the terms of the contract.
c.
Recovery, if any, on realisation of devolved

investments of schemes acquired by the
company, in terms of right of subrogation, is
accounted on the basis of receipts.
d.
Recovery from funded guarantee schemes is

recognised as income in the year of receipt.
e.
Scheme Expenses: Expenses of schemes in

excess of the stipulated rates and expenses
relating to new fund offer are charged to the
Profit and Loss Account in the year in which
they are incurred.

Credit Card Operations:
esef[ kee[& heefjeeueve

ke. meomelee ienCe Meguke leLee heLece Jeee|<eke Meguke kees Ske
Je<e& keer DeJeefOe kes efueS efveOee&efjle efkeee ieee nw keeeWefke
en peeoe meerke {bie mes Gme DeJeefOe kees oMee&leer nw,
efpememes Meguke mebyebefOele nw~

Ke. efJeefvecee Deee kees heesJeve DeeOeej hej efnmeeye ceW efueee
ieee nw~

ie. yeepe Deewj yeepe meneelee Deee $eCe - DeJeefOe kes efueS
uesKes ceW Meeefceue keer ieF& nw~

Ie. meYeer Deve Deee/mesJee Meguke mebyebefOele uesveosve kes mecee
ope& efkeS ieS nQ~
HewkeeEjie

Hewkeefjbie HeYeej kebHeveer eje efveOee&efjle ueeiet ojeW Hej $eCeeW keer
Hewkeefjbie Hej GHeefele ngS nQ~ Heefkeee HeYeejeW kees leYeer Deee kes
He ceW Meeefceue efkeee ieee nw peye HeuesKeeW kes efve<Heeove kes HeMeele
Fmekes HeeHle nesves keer Heee&Hle efveefMelelee nes~
peerJeve yeercee
ke. hee@efuemeer OeejkeeW mes ose nesves hej, Demebye JeJemeee
heerefceece (mesJeekej kees Ieeves kes yeeo) kees Deee kes
he ceW efueee peelee nw~ mebye JeJemeee kes ceeceues ceW
SmeesefmeSs[ FkeeFeeW kes Deeyebve kes mecee heerefceece
Deee kee efveOee&jCe efkeee peelee nw~ keeueeleerle hee@efueefmeeeW
kees peye leke hegveheJee|lele veneR efkeee peelee, leye leke
Ssmeer hee@efueefmeeeW kes Jemetue ve efkeS ieS heerefceece kees
efnmeeye ceW veneR efueee peelee nw~

Ke. mebye efveefOeeeW mes Deee; efpemeceW efveefOe HeyebOeve HeYeej,
Hee@efuemeer HeyebOeve HeYeej, ce=leg HeYeej Deeefo Meeefceue nw;
Hee@efuemeer kes efveyebOeveeW SJeb MeleeX kes Devegmeej mebye efveefOe mes
Jemetue efkeS ieS nQ Deewj Jemetueer nesves Hej Meeefceue efkeS nQ~

ie. hegveyeeacee hej heehle heerefceece kees hegveyeeaceekelee& kes meeLe ngF&
mebefOe DeLeJee mewodIeebefleke JeJemLee keer MeleeX kes Devegmeej
efnmeeye ceW efueee peelee nw~

Ie. efoS ieS ueeYe
peneB eeespe nes, oeJee-Jee ceW Hee@efuemeer ueeYe SJeb
oeJee efveHeeve Jee Meeefceue nesles nQ~
ce=leg Deewj DevegJe=ef mes mebyebefOele oeJeeW keer metevee
eeHle nesves Hej GvnW efnmeeye ceW efueee peelee nw~
DeJeefOe kes Deble keer meteveeDeeW Hej Ssmes oeJeeW keer
ieCevee kes efueS efJeeej efkeee peelee nw~
HeefjHekeJelee mes mebyebefOele oeJeeW kees Hee@efuemeer keer
HeefjHekeJelee efleefLe kees efnmeeye ceW efueee peelee nw~
GejpeerefJelee Deewj Jeeef<e&ke ueeYeeW keer ieCevee Gme
mecee keer peeleer nw, peye Jes ose nesles nQ~
DeYeHe&CeeW kees metefele efkeS peeves Hej efnmeeye ceW
efueee peelee nw~ DeYeHe&CeeW ceW JeHeiele Hee@efueefmeeeW
Hej ose jeefMe meefcceefuele nesleer nw Deewj Fmes ose
nesves Hej efnmeeye ceW efueee peelee nw~ DeYeHe&CeeW Deewj
Hee@efuemeer JeHeiele nesves kee ekeerkejCe Jemetueer
eesie eYeejeW kees Ieekej efkeee peelee nw~
a.
Joining membership fee and first annual fee is

recognised over a period of one year as this
more closely reflects the period to which the
fee relates to.
b.
Interchange income is recognised on accrual

basis.
c.
Interest & Subvention Income are recognised

over the tenure of loans.
d.
All other service income/fees are recorded

at the time of occurrence of the respective
events.
Factoring:

Factoring charges are accrued on factoring of debts

at the applicable rates, decided by the company.
Processing charges are recognised as income only
when there is reasonable certainty of its receipt after
execution of documents.
Life Insurance:
19
a.
Premium of non-linked business is recognised

as income (net of service tax) when due from
policyholders. In respect of linked business,
premium income is recognised when the
associated units are allotted. Uncollected
premium from lapsed policies is not recognised
as income until such policies are revived.
b.
Income from linked funds which includes fund

management charges, policy administration
charges, mortality charges, etc. are recovered
from linked fund in accordance with terms
and conditions of policy and recognised when
recovered.
c.
Premium ceded on reinsurance is accounted in

accordance with the terms of the treaty or inprinciple arrangement with the Re-Insurer.
d.
Benefits paid:
Claims cost consist of the policy benefit

amounts and claims settlement costs,
where applicable.
Claims by death and rider are accounted

when intimated. Intimations up to the
end of the period are considered for
accounting of such claims.
Claims by maturity are accounted on

the policy maturity date.
Survival and Annuity benefits claims are

accounted when due.
Surrenders are accounted as and when

intimated. Surrender includes amount
payable on lapsed policies which
are accounted for as and when due.
Surrenders and lapsation are disclosed
at net of charges recoverable.
veeefeke eeefOekeeefjeeW kes mece#e emlegle efJeJeeefole

oeJeeW kee Gvekes eje efvejekejCe nesves Hej eyebOeve
kes efJeJeskeevegmeej Fve oeJeeW kes mebyebOe ceW GHeueyOe
leLeeW Deewj mee#eeW Hej efJeeej kejkes efveHeeve
kejves kes efueS eeJeOeeve efkeee ieee nw~
Hegveyeeaceekelee&DeeW mes Jemetue keer peeves Jeeueer jeefMeeeW
kees mebyebefOele oeJeeW keer DeJeefOe kes efueS efnmeeye ceW
efueee peelee nw Deewj GvnW oeJeeW mes Ieeee peelee nw~

[. keceerMeve pewmes DeefYeienCe Kee&, efeefkelmee Meguke Deeefo
Ssmes Kee& nQ pees cegKe he mes veS SJeb veJeerke=le yeercee
mebefJeoeDeeW kes DeefYeienCe mes mebyebefOele nesles nQ Deewj Fvekee
Yegieleeve Jee kes mecee ner kej efoee peelee nw~

e. yeercee heeefueefmeeeW kes efueS oselee meYeer peerJeve yeercee
heeefueefmeeeW keer yeerceebefkeke oselee keer ieCevee - yeercee
DeefOeefveece 1938 Deewj DeeF&Deej[erS eje peejer efveeceeW
Je efJeefveeceeW Deewj HeefjHe$eeW kes Devegmeej leLee Fbmeret
Dee@HeSkeetDejer]pe Dee@He Fbef[ee eje peejer mebyebefOele
ceeie&oMeea veeseW kes Devegmeej - efveege efkeS ieS
yeerceebkevekelee& eje keer peeleer nw~

iewj-mebye JeJemeee kes mebyebOe ceW oselee keer ieCevee YeeJeer
mekeue eerefceece cetueve Heefle kee GHeeesie kejkes keer
peeleer nw~ mebye JeJemeee mes mebyebefOele FkeeF& oselee kees
cetueve efleefLe kees ueeiet efveJeue Deeefmle cetue (SveSJeer)
kee GHeeesie kejkes Hee@efuemeer OeejkeeW kes veece ceW efJeeceeve
FkeeFeeW kes cetue kes DevegHe efueee peelee nw~

meeOeejCe yeercee

ke. hele#e JeJemeee Deewj mJeerke=le hegveyeeacee hej heehle heerefceece
(hegvee|veeespeve heerefceece meefnle) kees mesJee kej Ieeves kes yeeo
1/365 heefle kes Devegmeej mekeue DeeOeej hej mebefJeoe DeJeefOe ee
peesefKece DeJeefOe, pees Yeer Gheege nes, ceW Deee kes he ceW efoKeeee
ieee nw~ heerefceece ceW nesves Jeeues Deve DevegJeleea mebMeesOeve kees Mes<e
peesefKece DeJeefOe ee mebefJeoe DeJeefOe kes heerefceece kes he ceW efoKeeee
ieee nw~ hee@efueefmeeeW kes j nesves mes heerefceece Deee ceW nesvesJeeues
meceeeespeveeW kees Gme DeJeefOe ceW efoKeeee ieee nw efpemeceW Jen j keer
ieF& nw~

Ke. yebo keer ieF& hegveyeeacee hej heehle keceerMeve kees Gme DeJeefOe ceW Deee
kes he ceW efoKeeee ieee nw efpeme DeJeefOe ceW hegveyeeacee peesefKece yebo
keer ieF& nw~ hegveyeeacee mebefOeeeW kes Debleie&le ueeYe keceerMeve, peneb keneR
ueeiet nes, kees ueeYe kes Debeflece efveOee&jCe Jeeues Je<e& ceW Deee kes he
ceW efoKeeee ieee nw, efpeme hekeej hegveyeeaceekelee& eje metefele efkeee
ieee nw Deewj Gmes yebo keer ieF& hegveyeeacee hej heehle keceerMeve kes meeLe
jKee ieee nw~

ie. yebo keer ieF& Deevegheeefleke hegveyeeacee hee@efuemeer kes mebyebOe ceW, yebo keer
ieF& hegveyeeacee hee@efuemeer keer ueeiele peesefKece keer MegDeele nesves kes
DeeOeej hej Gheefele ngF& nw~ iewj-Deevegheeefleke hegveyeeacee ueeiele kees
ose nesves kes mecee efoKeeee ieee nw~ Deve keesF& DevegJeleea mebMeesOeve
nesves hej, heerefceeceeW kees Jeeheme ee efvejmle kejves kees Gme DeJeefOe ceW
efoKeeee ieee nw efpemeceW Jen ose neslee nw~
Repudiated claims disputed before

judicial authorities are provided for
based on management prudence
considering the facts and evidences
available in respect of such claims.
Amounts recoverable from re-insurers

are accounted for in the same period as
the related claims and are reduced from
claims.
e.
Acquisition costs such as commission, medical

fees, etc. are costs that are primarily related to
the acquisition of new and renewal insurance
contracts and are expensed as and when
incurred.
f.
Liability for life policies: The actuarial

liability of all the life insurance policies has
been calculated by the Appointed Actuary in
accordance with the Insurance Act 1938, and
as per the rules and regulations and circulars
issued by the IRDA and the relevant Guidance
Notes issued by the Institute of Actuaries of
India are also compiled with.
The liability in respect of non-linked business

has been calculated by using prospective gross
premium valuation method. The unit liability
in respect of linked business has been taken as
the value of the units standing to the credit of
the policy holders, using the Net Asset Value
(NAV) prevailing at the valuation date.
General Insurance:
20
a.
Premium (net of service tax), including

reinstatement premium, on direct business
and reinsurance accepted, is recognised as
income over the contract period or the period
of risk, whichever is appropriate, on gross basis
under 1/365 method. Any subsequent revision
to premium is recognised over the remaining
period of risk or contract period. Adjustments
to premium income arising on cancellation of
policies are recognised in the period in which
they are cancelled.
b.
Commission received on reinsurance ceded is

recognised as income in the period in which
reinsurance risk is ceded. Profit commission
under re-insurance treaties, wherever
applicable, is recognised as income in the
year of final determination of the profits as
intimated by Reinsurer and combined with
commission on reinsurance ceded.
c.
In respect of proportional reinsurance ceded,

the cost of reinsurance ceded is accrued at
the commencement of risk. Non-proportional
reinsurance cost is recognised when due.
Any subsequent revision to, refunds or
cancellations of premiums is recognised in the
period in which they occur.
Ie.
Hegveyeeacee eeHe mJeerke=efleeeW kees yeerceekelee&DeeW mes JeeHeme eeHle cee$ee

ceW efnmeeye ceW efueee ieee nw~
d.
Reinsurance
inward
acceptances
are
accounted for on the basis of returns, to the
extent received, from the insurers.
DeefOeienCe ueeieleW pewmes keceerMeve, hee@efuemeer efveie&ce Jee Deeefo Ssmeer

ueeieleW nQ pees cegKe he mes veS SJeb veJeerkejCe JeJemeee mebefJeoeDeeW
kes DeefOeienCe mes mebyebefOele nQ Deewj Gme DeJeefOe ceW Jee keer ieF& nQ
efpemeceW Jes GheeqmLele ngF& nQ~
e.
Acquisition costs such as commission, policy

issue expenses etc. are costs that are primarily
related to the acquisition of new and renewal
insurance contracts and are expensed in the
period in which they are incurred.
e. oeJes kees vegkemeeve nesves keer metevee heehle nesves hej efoKeeee ieee
nw~ legueve he$e kees ose yekeeee oeJeeW mes mebyebefOele heeJeOeeve ceW mes
hegveyeeacee, DeJeefMe cetue Deewj heyebOeve eje Devegceeefvele Deve
JemetefueeeW kees Ieeee ieee nw~
f.
Claim is recognised as and when a loss

occurrence is reported. Provision for claims
outstanding payable as on the date of Balance
Sheet is net of reinsurance, salvage value
and other recoveries as estimated by the
management.
g.
Provision in respect of claim liabilities that

may have been incurred during an accounting
period but not reported or claimed (IBNR)
or not enough reported (i.e. reported
with information insufficient for making a
reasonable estimate of likely claim amount)
(IBNER) before the end of the accounting
period, is the amount determined by the
Appointed Actuary/Consulting Actuary based
on actuarial principles in accordance with
the Guidance Notes issued by the Institute of
Actuaries of India with the concurrence of the
IRDA and any directions issued by IRDA in this
respect.
oeJee mebyebOeer oseleeSb pees efkemeer uesKee efpevekes efueS Gheefele nes ieF&
nQ hejbleg efpemes uesKee DeJeefOe keer meceeeqhle mes hetJe& metefele ee oeJee
veneR efkeee ieee nw (DeeF&yeerSveDeej) ee heee&hle he mes metefele
veneR keer ieF& nw (DeLee&le Fme efhheCeer kes meeLe metefele keer ieF& efke
mebYeeefJele oeJee jeefMe kee Ske Gefele Devegceeve ueieeves kes efueS
metevee Deheee&hle kes meeLe metefele keer ieF& nw (DeeF&yeerSveF&Deej) mes
mebyebefOele heeJeOeeve Jen jeefMe nw pees DeeF&Deej[erS keer menceefle mes
Yeejleere yeerceebefkeke meesmeeeer eje peejer ceeie&oMeea efhheefCeeeW Deewj
Fme mebyebOe ceW DeeF&Deej[erS eje peejer Deve efveoxMeeW kes Devegmeej
yeerceebefkeke efmeebleeW kes DeeOeej hej efveege yeerceebkevekelee&/
hejeceMeea yeerceebkevekelee& eje efveOee&efjle keer ieF& nw~
DeefYej#ee SJeb mebyeodIe mesJeeSb

Deee kee efveOee&jCe Gme meercee leke efkeee ieee nw efke kebheveer kees
Deee|Leke ueeYe heehle nesves keer mebYeeJevee nw Deewj Fme Deee kee
efJeeemehetJe&ke ceeheve efkeee pee mekesiee~

heWMeve efveefOe heefjeeueve

heyebOeve Meguke kees kebheveer Deewj SveheerSme veeefmeeeW kes yeere ngS
efveJesMe heyebOeve kejej (DeeFSceS) kes Devegmeej leweej keer ieF&
mebye eespeveeDeeW ceW eleske eespevee keer owefveke efveJeue DeeefmleeeW
kes DeeOeej hej Meeefceue efkeee ieee nw~ en HeWMeve efveefOe efJeefveeeceke
Deewj efJekeeme eeefOekejCe eje peejer efJeefveeeceke efoMeeefveoxMeeW kes
DevegHe nw~ kebHeveer mesJee kej kees Ieekej uesKeeW ceW Deee emlegle
kejleer nw~

cetegDeue HeC[ veemeer heefjeeueve

veemeOeeefjlee MegukeeW/heyebOeve MegukeeW kees eenkeeW kes yeere ngF&
mebefJeoe keer mebyebefOele Meleex kes Devegmeej heesJeve DeeOeej hej
Meeefceue efkeee ieee nw~
2. efveJesMe

mejkeejer heefleYetefle uesveosve `mesueceW [s' kees ope& efkeS ieS nQ~ mejkeejer
heefleYetefleeeW kees es[kej efveJesMe èe-efJeee efleefLe' kees ope& efkeS ieS
nQ~
2.1 JeieeakejCe

efveJesMeeW kees 3 esefCeeeW eLee - `heefjhekeJelee leke jKes ieS', èfJeee
kes efueS GheueyOe' Deewj `JeJemeee kes efueS jKes ieS' ceW Jeieeake=le
efkeee ieee nw~
2.2 JeieeakejCe kee DeeOeej

i. Gve efveJesMeeW kees `heefjhekeJelee leke jKes ieS' esCeer
kes Debleie&le Jeieeake=le efkeee ieee nw, efpevnW yeQke eje
heefjhekeJelee leke jKee peelee nw~
Custodial & related services:

The revenue is recognised to the extent that it is

probable that the economic benefits will flow to the
company and the revenue can be reliably measured.
Pension Fund Operation:

Management fees is recognised at specified rates

agreed with the relevant schemes, applied on daily
net assets of each scheme, and is in conformity with
the regulatory guidelines issued by Pension Fund
Regulatory and Development Authority (PFRDA). The
Company presents revenues net of Service Tax.
Mutual Fund Trustee Operation:
Trusteeship fees / management fees are recognised

on an accrual basis in accordance with the respective
terms of contract entered into with clients.
2. Investments

The transactions in Government Securities are recorded on

Settlement Date. Investments other than Government
Securities are recorded on Trade Date.
2.1
Investments are classified into three categories, viz.

Held to Maturity (HTM), Available for Sale (AFS) and
Held for Trading (HFT)
Basis of classification:
2.2
21
Classification
i.
Investments that the Bank intends to hold till

maturity are classified as Held to Maturity.
ii.
Gve efveJesMeeW kees `JeJemeee kes efueS jKes ieS' esCeer kes
Debleie&le Jeieeake=le efkeee ieee nw, efpevnW ee efleefLe mes 90
efoveeW kes Yeerlej efmeodOeeblele hegvee|Jeee nsleg jKee peelee nw~
iii. efpeve efveJesMeeW kees Gheeg&e oes esefCeeeW ceW Jeieeake=le veneR
efkeee ieee nw, GvnW èfJeee kes efueS GheueyOe' esCeer kes
he ceW Jeieeake=le efkeee ieee nw~
iv. heleske efveJesMe kees Fmekes ee kes mecee `heefjhekeJelee leke
jKes ieS', èfJeee kes efueS GheueyOe' ee `JeJemeee kes
efueS jKes ieS' esefCeeeW ceW Jeieeake=le efkeee ieee nw Deewj
Gmekes heeele esefCeeeW ceW hejmhej heefjJele&ve efJeefveeeceke
efoMeeefveoxMeeW kes Deveghe efkeee ieee nw~
2.3 cetue-efveOee&jCe

ke. yeQeEkeie JeJemeee
i. efkemeer efveJesMe keer DeefYeienCe ueeiele kee efveOee&jCe kejves ceW

ke. DeefYeoeveeW hej heehle oueeueer / keceerMeve kees
ueeiele ceW mes Iee efoee ieee nw~

Ke. efveJesMeeW kes DeefYeienCe kes mebyebOe ceW heoe oueeueer,
keceerMeve, heefleYetefle uesveosve kej Deeefo kee Gmeer
mecee Jee kej efoee ieee nw Deewj FvnW ueeiele ceW
Meeefceue veneR efkeee ieee nw ~

ie. $eCe efueKeleeW hej Kebef[le DeJeefOe kes efueS heoe/
heehle yeepe kees yeepe Jee / Deee ceo kes he
ceW ceevee ieee nw Deewj FvnW ueeiele/efyeeer heefleHeue
ceW Meeefceue veneR efkeee ieee nw~
Ie. SSHeSme Deewj SeSHeer esCeer kes Debleie&le
efveJesMe keer ueeiele kee efveOee&jCe mecetn FkeeFeeW
keer Yeeefjle Deewmele ueeiele heCeeueer kes DeeOeej
hej Deewj SeerSce esCeer kes Debleie&le efveJesMeeW
keer ueeiele kee efveOee&jCe SmeyeerDeeF& eje (henues
DeeS henues peeS) DeeOeej hej Deewj Deve mecetn
FkeeFeeW eje Yeeefjle Deewmele ueeiele heCeeueer kes
DeeOeej hej efkeee ieee nw~
ii. Ghejese leerve esefCeeeW ceW heefleYetefle kes DeblejCe kees DeblejCe
keer efleefLe kees vetvelece DeefYeienCe ueeiele/yener cetue/
yeepeej cetue kes Devegmeej uesKes ceW efueee ieee nw, Deewj
Ssmes DeblejCe hej ngS cetuendjeme, eefo nes lees, kee heeJeOeeve
efkeee ieee nw ~
iii. jepemJe efyeueeW Deewj JeeefCeeqpeke he$eeW kee cetue-efveOee&jCe
jKeeJe-ueeiele DeeOeej hej efkeee ieee nw ~
iv. heefjhekeJelee leke jKes ieS esCeer heefjhekeJelee leke jKes
ieS esCeer kes Debleie&le efveJesMe peye leke Debefkele cetue mes
DeefOeke ve nes, DeefYeienCe ueeiele DeeOeej hej efueS ieS nQ
efpemeceW heerefceece kee heefjMeesOeve mLeeeer ueeiele DeeOeej hej
Mes<e heefjhekeJelee DeJeefOe ceW efkeee ieee nw~ Ssmes heerefceece
kes heefjMeesOeve kees èfveJesMeeW hej yeepe' Meer<e& kes Debleie&le
Deee kes heefle meceeeesefpele efkeee ieee nw~ #es$eere ieeceerCe
yeQkeeW ceW efkeS ieS efJeefveOeeveeW kee cetueve Yeejleere meveoer
uesKeekeej mebmLeeve kes uesKee ceeveke-23 kes Devegmeej
F&eqkeJeer ueeiele hej efkeee ieee nw~ DemLeeeer efveJesMeeW kees
es[kej heleske efveJesMe nsleg he=Leke - he=Leke he mes odIeeme
kes efueS heeJeOeeve efkeee ieee nw~
ii.
Investments that are held principally for resale

within 90 days from the date of purchase are
classified as Held for Trading.
iii.
Investments, which are not classified in

the above two categories, are classified as
Available for Sale.
iv.
An investment is classified as Held to Maturity,

Available for Sale or Held for Trading at the
time of its purchase and subsequent shifting
amongst categories is done in conformity with
regulatory guidelines.
2.3
Valuation:
A.
Banking Business
22
i.
In determining the acquisition cost of an

investment:
a.
Brokerage/commission received on
subscriptions is reduced from the cost.
b.
Brokerage, commission, securities

transaction tax, etc. paid in connection
with acquisition of investments are
expensed upfront and excluded from
cost.
c.
Broken period interest paid / received

on debt instruments is treated as
interest expense/income and is
excluded from cost/sale consideration.
d.
Cost of investment under AFS and

HFT category is determined at the
weighted average cost method by the
group entities and cost of investments
under HTM category is determined on
FIFO basis (first in first out) by SBI and
weighted average cost method by other
group entities.
ii.
The transfer of a security amongst the above

three categories is accounted for at the least
of acquisition cost/book value/market value
on the date of transfer, and the depreciation,
if any, on such transfer is fully provided for.
iii.
Treasury Bills and Commercial Papers are

valued at carrying cost.
iv.
Held to Maturity category: Investments

under Held to Maturity category are carried
at acquisition cost unless it is more than the
face value, in which case the premium is
amortised over the period remaining maturity
on constant yield basis. Such amortisation of
premium is adjusted against income under the
head interest on investments. Investments
in Regional Rural Banks (RRBs) are valued at
equity cost determined in accordance with
AS 23 of the ICAI.A provision is made for
diminution, other than temporary, for each
investment individually.
efJeee kes efueS GheueyOe leLee JeJemeee kes efueS jKeer

ieF& esefCeeeB S SHe Sme Deewj Se SHe er esefCeeeW
ceW jKes ieS efJeefveOeeveeW kee he=Leke-he=Leke he mes yeepeej
cetue ee efJeefveeeceke efoMee-efveoxMeeW kes Devegmeej efveOee&efjle
Gefele cetue kes DeeOeej hej hegvecet&ueve efkeee ieee nw,
Deewj heleske esCeer kes efueS kesJeue efveJeue cetuendjeme nsleg
heeJeOeeve efkeee ieee nw leLee efveJeue cetueJe=ef kees uesKes ceW
veneR efueee ieee nw~ cetuendjeme kes efueS heeJeOeeve nesves hej,
yeepeej kes efueS Deueie kejves kes yeeo heleske heefleYetefle kee
cetue DeheefjJee|lele jne~
vi. efkemeer Deeeqmle hegvee|vecee&Ce kebheveer eje peejer heefleYetefle
jmeeroeW kee cetueve iewj-meebefJeefOeke eueefveefOe Devegheele
(vee@ve-SmeSueDeej) efueKeleeW hej ueeiet efoMee-efveoxMeeW
kes Devegmeej efkeee ieee nw ~ leovegmeej, Gve ceeceueeW ceW
peneB Deeeqmle hegvee|vecee&Ce kebheveer eje peejer heefleYetefle jmeero
lelmecyeodIe eespevee kes efueKeleeW kes efueS Deeyebefle efJeeere
DeeeqmleeeW keer JeemleefJeke Jemetueer leke ner meerefcele nw, JeneB
Deeeqmle hegvee|vecee&Ce kebheveer mes heehle efveJeue Deeeqmle cetue kes
DeeOeej hej Ssmes efJeefveOeeveeW kee cetueve efkeee ieee nw~
vii. osMeer keeee&ueeeW kes mebyebOe ceW Yeejleere efjpeJe& yeQke kes
leLee efJeosMe eqmLele keeee&ueeeW kes mebyebOe ceW Gme osMe kes
efJeefveeecekeeW kes efoMee-efveoxMeeW kes DeeOeej hej efveJesMeeW kees
Depe&ke Deewj Devepe&ke esefCeeeW ceW efJeYeeefpele efkeee ieee
nw~ osMeer keeee&ueeeW kes efveJesMe efvecveefueefKele eqmLeefleeeW ceW
Devepe&ke nes peeles nQ
ke. yeepe/efkemle (heefjhekeJelee jeefMe meefnle) ose nw
Deewj en 90 efoveeW mes DeefOeke DeJeefOe mes yekeeee
nw~

Ke. F&eqkeJeer MesejeW kes mebyebOe ceW, peneB Deeleve
leguevehe$e keer DevegheueyOelee kes keejCe efkemeer
kebheveer kes MesejeW kees e1 heefle kebheveer cetue heoeve
efkeee ieee nw - Ssmes F&eqkeJeer MesejeW kees Devepe&ke
efveJesMe ceevee peeSiee ~

ie. eefo peejerkelee& eje ueer ieF& keesF& $eCe-megefJeOee
yeQke - yener ceW Devepe&ke Deeeqmle nes ieF& nw, lees Ssmeer
eqmLeefle ceW Gmeer peejerkelee& eje peejer efkemeer Yeer
heefleYetefle ceW efJeefveOeeve kees Deewj peejerkelee& eje
efveJesMe kees Devepe&ke efveJesMe ceevee peeSiee ~

Ie. Gheeg&e, Mele& DeeJeMeke heefjJele&veeW kes meeLe
Gve DeefOeceeveer MesejeW hej Yeer ueeiet nesieer, peneB
efveOee&efjle ueeYeebMe kee Yegieleeve veneR efkeee ieee nw~

* Ssmes ef[yeWejeW/yeeb[eW ceW efveJesMe efpevnW Deefiece keer
heke=efle kes efveJesMe ceevee peelee nw, Gve hej Devepe&ke
efveJesMe kes Jener ceeveob[ ueieWies pees efveosMeeW hej
ueeiet nesles nQ ~

e. efJeosMeer keeee&ueeeW kes Devepe&ke efveJesMe kes mebyebOe
ceW heeJeOeeve-mLeeveere efJeefveeceeW DeLeJee Yeejleere
efjpeJe& yeQke kes ceeveob[eW ceW mes pees DeefOeke nes,
Gmekes Devegmeej efkeee ieee nw ~
viii. jshees / efjJeme& jshees uesveosve kes efueS uesKee heCeeueer (Yeejleere
efj]peJe& yeQke keer eueefveefOe meceeeespeve megefJeOee (SueSSHe)
kes Debleie&le Deeves Jeeues uesveosve kees es[kej)

v.
23
v.
Available for Sale and Held for Trading

categories: Investments held under AFS and
HFT categories are individually revalued at
the market price or fair value determined as
per Regulatory guidelines, and only the net
depreciation of each group for each category is
provided for and net appreciation, is ignored.
On provision for depreciation, the book value
of the individual securities remains unchanged
after marking to market.
vi.
Security receipts issued by an asset

reconstruction company (ARC) are valued in
accordance with the guidelines applicable to
non-SLR instruments. Accordingly, in cases
where the security receipts issued by the ARC
are limited to the actual realisation of the
financial assets assigned to the instruments
in the concerned scheme, the Net Asset
Value, obtained from the ARC, is reckoned for
valuation of such investments.
vii.
Investments are classified as performing and

non-performing, based on the guidelines
issued by the RBI in case of domestic offices/
entities and respective regulators in case
of foreign offices/entities. Investments of
domestic offices become non-performing
where:
a.
Interest/instalment (including maturity

proceeds) is due and remains unpaid for
more than 90 days.
b.
In the case of equity shares, in the event

the investment in the shares of any
company is valued at Re. 1 per company
on account of the non availability of
the latest balance sheet, those equity
shares would be reckoned as NPI.
c.
If any credit facility availed by the

issuer is NPA in the books of the bank,
investment in any of the securities
issued by the same issuer would also be
treated as NPI and vice versa.
d.
The above would apply mutatismutandis to preference shares where

the fixed dividend is not paid.
e.
The investments in debentures/bonds,

which are deemed to be in the nature
of advance, are also subjected to NPI
norms as applicable to investments.
f.
In respect of foreign offices, provisions

for non performing investments are
made as per the local regulations or
as per the norms of RBI, whichever is
higher.
Accounting for Repo/ reverse repo transactions

(other than transactions under the Liquidity
Adjustment Facility (LAF) with the RBI)
viii.
(ke) jshees/efjJeme& jshees kes Debleie&le yeseer/Kejeroer ieF& heefleYetefleeeW

kees mebheee|eke $eCeevJeeve Deewj GOeej osves mebyebOeer uesveosve
kes he ceW uesKes ceW efueee ieee nw~ leLeeefhe, heefleYetefleeeW
kee DeblejCe meeceeve SkecegMle efJeee/ee uesveosve keer
lejn efkeee ieee nw Deewj heefleYetefleeeW kes cetue kes Ssmes
Ie-ye{ kees jshees/efjJeme& jshees KeeleeW Deewj heefle-heefJeeq
kee Gheeesie kejles ngS oMee&ee ieee nw~ Gheeg&e heefJeeqeeW
kees heefjhekeJelee keer efleefLe kees heefleJee|lele efkeee ieee nw
Deewj Deee kees yeepe Jee/Deee kes he ceW pewmeer Yeer
eqmLeefle nes, uesKes ceW efueee ieee nw~ jshees Keeles kes Mes<e kees
Devegmeteer-4 (GOeeefjeeB) Deewj efjJeme& jshees Keeles kes Mes<e
kees Devegmeteer-7 (yeQkeW ceW pecee Deewj ceebie SJeb Deuhe metevee
hej heehe jeefMe) kes Debleie&le Jeieeake=le efkeee ieee nw~

(Ke) Yeejleere efjpeJe& yeQke kes meeLe eueefveefOe meceeeespeve
megefJeOee (SueSSHe) kes DeOeerve ee / efJeee keer ieF&
heefleYetefleeeW kees efveJesMe Keeles ceW veeces/pecee efkeee ieee
nw Deewj Gvekees uesveosve keer heefjhekeJelee keer efleefLe hej
heefleJee|lele efkeee ieee nw ~ Gve hej Jee / Dee|pele yeepe
kees Jee/Deee kes he ceW uesKes ceW efueee ieee nw ~

Ke. yeercee JeJemeee

peerJeve Deewj meeOeejCe yeercee Deveg<ebefieeeW kes ceeceues ceW efveJesMe yeercee
DeefOeefveece, 1938, yeercee efJeefveeeceke Deewj efJekeeme heeefOekejCe
(efveJesMe) efJeefveece, 2000 Deewj yeercee efJeefveeeceke Deewj efJekeeme
heeefOekejCe eje mecee mecee hej peejer efJeefYeVe Deve heefjhe$eeW ee
DeefOemeteveeDeeW kes Devegmeej efkeS ieS nQ~
(i) iewj-mebyeodIe yeercee JeJemeee Deewj meeOeejCe yeercee
JeJemeee mes mebyebefOele efveJesMe kee cetueebkeve mejkeejer heefleYetefleeeW meefnle meYeer $eCe heefleYetefleeeW
kee DeJeefOeiele ueeiele kes DeeOeej hej heefjMeesOeve
kes DeOeOeerve GuuesKe efkeee ieee nw~
meteeryeodIe F&eqkeJeer MesejeW kee legueve he$e keer
leejerKe kees Gefele cetue hej Deekeueve efkeee
ieee nw~ Gefele cetue kee efveOee&jCe kejves kes
efueS vesMeveue meke SkemeeWpe DeeHe Fbef[ee
efueefces[ (`SveSmeF&') ee yee@cyes me@ke SkemeeWpe
efueefces[, cegbyeF& (`yeerSmeF&') hej yeepeej yebo nesves
kes mecee GodIe=le DeeefKejer cetue ceW mes efveeues
cetue kees Meeefceue efkeee peelee nw~ iewj-meteeryeodIe
F&eqkeJeer heefleYetefleeeW kee DeJeefOeiele ueeiele DeeOeej
hej Deekeueve efkeee peelee nw~
cetegDeue Heb[ etefveeW ceW efveJesMe kee peerJeve yeercee
ceW efheues efove kes efveJeue Deeeqmle cetue (SveSJeer)
hej Deewj meeOeejCe yeercee ceW legueve he$e keer leejerKe
kees cetueebkeve efkeee peelee nw~
MesejOeejkeeW kes efveJesMeeW Deewj iewj-mebyeodIe
hee@efuemeerOeejkeeW kes efveJesMeeW kes mebyebOe ceW meteeryeodIe
F&eqkeJeer MesejeW Deewj cetegDeue Heb[ etefveeW kes
Gefele cetue ceW heefjJele&ve kes keejCe nesves Jeeues
DeJemetue ueeYe ee neefveeeB ``Deee Deewj Deve
a.
The securities sold and purchased under

Repo/ Reverse repo are accounted as
Collateralized lending and borrowing
transactions. However securities are
transferred as in case of normal
outright sale/ purchase transactions
and such movement of securities is
reflected using the Repo/Reverse
Repo Accounts and Contra entries.
The above entries are reversed on the
date of maturity. Costs and revenues
are accounted as interest expenditure/
income, as the case may be. Balance in
Repo A/c is classified under schedule
4 (Borrowings) and balance in Reverse
Repo A/c is classified under schedule 7
(Balance with Banks and Money at Call
& Short Notice).
b.
Securities purchased / sold under

LAF with RBI are debited / credited
to Investment Account and reversed
on maturity of the transaction.
Interest expended / earned thereon is
accounted for as expenditure / revenue.
B.
Insurance Business
In case of life and general insurance subsidiaries,

investments are made in accordance with the
Insurance Act, 1938, the IRDA
(Investment)
Regulations, 2000, and various other circulars or
notifications issued by IRDA in this context from time
to time.
(i)
Valuation of investment pertaining to nonlinked life business and general insurance

business: -
All
debt
securities,
including
government securities are stated at
historical cost, subject to amoritsation.
Listed equity shares are measured at

fair value on the Balance Sheet date. For
the purpose of determining fair value,
the lower of the last quoted closing
price at the National Stock Exchange of
India Limited (NSE) or Bombay Stock
Exchange Limited, Mumbai (BSE) is
considered. Unlisted equity securities
are measured at historical cost.
Investments in mutual fund units are

valued at the Net Asset Value (NAV)
of previous day in life insurance and of
balance sheet date in general insurance.
24
Unrealized gains or losses arising due to

changes in the fair value of listed equity
shares and mutual fund units pertaining
to shareholders investments and nonlinked policyholders investments are
taken to Revenue & Other Reserves
(Schedule 2) and Liabilities relating

to Policyholders in Insurance Business
(Schedule 5) respectively, in the
balance sheet.
Deejef#eefleeeB (Devegmeteer 2)'' ceW Deewj ``yeercee

JeJemeee ceW hee@efuemeerOeejkeeW mes mebyebefOele oseleeSB
(Devegmeteer 5)'' eceMe legueve he$e ceW efueS peeles nQ~
(ii) mebyeodIe JeJemeee mes mebyebefOele efveJesMe kee cetueebkeve Ske Je<e& mes DeefOeke keer Mes<e heefjhekeJelee DeJeefOe
Jeeueer mejkeejer heefleYetefleeeW kee cetueebkeve esef[
jseEie FvHee@cexMeve mee|Jemespe Dee@He Fbef[ee efueefces[
(èfeefmeue') mes heehle cetueeW hej efkeee peelee nw
efmeJee Yeejle mejkeej kes eqmeheeW kes efpevekee
cetueebkeve efveOee&efjle Deee cege yeepeej Deewj
JeglheVe ([sefjJesefJpe) mebIe (SHeDeeF&SceSce[erS)
mes heehle cetueeW hej efkeee peelee nw~ Ske Je<e& mes
DeefOeke keer Mes<e heefjhekeJelee DeJeefOe Jeeueer mejkeejer
heefleYetefleeeW kees es[kej Deve $eCe heefleYetefleeeW
kee cetueebkeve efeefmeue yeeb[ JewuegDej kes DeeOeej
hej efkeee peelee nw~ Ske Je<e& ee Gmemes kece keer
Mes<e heefjhekeJelee DeJeefOe Jeeueer mejkeejer Deewj Deve
$eCe heefleYetefleeeW keer DeheefjMeesefOele Deewj Deewmele
ueeiele kees heefleYetefleeeW keer Mes<e DeJeefOe kes efueS
heefjMeesefOele efkeee peelee nw~ Ssmes cetueebkeve mes nesves
Jeeues DeJemetue ueeYe ee neefveeeW kees ueeYe Deewj neefve
Keeles ceW Meeefceue efkeee peelee nw~
meteeryeodIe F&eqkeJeer MesejeW kee legueve he$e keer leejerKe
kees Gefele cetue hej Deekeueve efkeee peelee nw~ Gefele
cetue kee efveOee&jCe kejves kes efueS vesMeveue me@ke
SkemeeWpe Dee@He Fbef[ee efueefces[ (`SveSmeF&') kes
yeepeej yebo nesves kes mecee kes DeeefKejer GodIe=le cetue
kee Gheeesie efkeee peelee nw~ SveSmeF& ceW meteeryeodIe
ve efkeS ieS F&eqkeJeer MesejeW kee cetueebkeve yeerSmeF&
kes yeepeej yebo nesves kes mecee kes DeeefKejer GodIe=le
cetue hej efkeee peelee nw~
cetegDeue Heb[ etefveeW ceW efkeS ieS efveJesMeeW kee
cetueebkeve efheues efove kes efveJeue Deeeqmle cetue
(SveSJeer) hej efkeee peelee nw~
F&eqkeJeer MesejeW Deewj cetegDeue Heb[ etefveeW kes
Gefele cetue ceW heefjJele&veeW kes keejCe nesves Jeeues
DeJemetue ueeYeeW ee neefveeeW kees ueeYe Deewj neefve
Keeles ceW efoKeeee peelee nw~
3. $eCe/Deefiece Deewj Gve hej heeJeOeeve

3.1 $eCeeW Deewj DeefieceeW kee JeieeakejCe Yeejleere efjpeJe& yeQke eje peejer
efoMeeefveoxMeeW kes DeeOeej hej Depe&ke Deewj Devepe&ke $eCeeW Deewj
DeefieceeW kes he ceW efkeee ieee nw ~ $eCe DeeeqmleeeB Gve ceeceueeW ceW
Devepe&ke yeve peeleer nQ, peneB
i. meeJeefOe $eCeeW kes mebyebOe ceW, yeepe Deewj/DeLeJee cetueOeve
keer efkemle 90 efoveeW mes DeefOeke DeJeefOe kes efueS Deefleose
jnleer nw;
ii. DeesJej[êHe ee vekeoer-$eCe Deefiece kes mebyebOe ceW Keelee
``Demebele'' (``DeeG Dee@He Dee[&j'') jnlee nw, DeLee&led
eefo yekeeee Mes<e jeefMe ueieeleej 90 efoveeW keer DeJeefOe kes
efueS mebmJeerke=le meercee /DeenjCe DeefOekeej mes DeefOeke nes
peeleer nw, ee keesF& jeefMe leguevehe$e keer efleefLe kees ueieeleej
90 efoveeW kes efueS pecee veneR nw DeLeJee es peceejeefMeeeB Gmeer
DeJeefOe kes oewjeve ose yeepe kee Yegieleeve kejves kes efueS
Deheee&hle nQ;
25
(ii)
Valuation of investment pertaining to linked

business: -
Government securities with remaining

maturity of more than one year are
valued at prices obtained from Credit
Rating Information Services of India
Limited (CRISIL) except Government of
India scrips which are valued at prices
obtained from FIMMDA. Debt securities
other than Government securities with
remaining maturity of more than one
year are valued on the basis of CRISIL
Bond Valuer. The amortised or average
cost of Government and other debt
securities with remaining maturity of
one year or less are amortised over
the remaining life of the securities.
Unrealised gains or losses arising on
such valuation are recognised in the
Profit & Loss Account.
Listed equity shares are measured at

fair value on the Balance Sheet date.
For the purpose of determining fair
value, the last quoted closing price at
the National Stock Exchange of India
Limited (NSE) is considered. In case
the equity shares are not listed on NSE,
then they are valued at last quoted
closing price on BSE.
Investments in mutual fund units are

valued at the previous days Net Asset
Value (NAV).
Unrealized gains or losses arising due

to changes in the fair value of equity
shares and mutual fund units are
recognised in the Profit & Loss Account.
3.
Loans /Advances and Provisions thereon
3.1
Loans and Advances are classified as performing

and non-performing, based on the guidelines issued
by RBI. Loan assets become non-performing assets
(NPAs) where:
i.
In respect of term loans, interest and/or

instalment of principal remains overdue for a
period of more than 90 days;
ii.
In respect of Overdraft or Cash Credit

advances, the account remains out of order,
i.e. if the outstanding balance exceeds the
sanctioned limit/drawing power continuously
for a period of 90 days, or if there are no
credits continuously for 90 days as on the
date of balance-sheet, or if the credits are not
adequate to cover the interest due during the
same period;

iii. ee efkeS ieS/yeeke=le efyeueeW kes mebyebOe ceW, efyeue
efoveeW keer DeJeefOe mes DeefOeke Deefleose jnles nQ;

90
iv.
ke=ef<e DeefieceeW kes mebyebOe ceW, DeuheeJeefOe HemeueeW kes efueS

peneB cetueOeve keer efkemle ee yeepe oes Hemeue-$elegDeeW kes
efueS Deefleose jnles nQ;
v.
ke=ef<e DeefieceeW kes mebyebOe ceW, DeuHeeJeefOe HemeueeW kes efueS

peneB cetueOeve ee yeepe Ske Hemeue-$eleg kes efueS Deefleose
jnles nQ~
3.2
Devepe&ke DeeeqmleeeW kees Yeejleere efjpeJe& yeQke eje efveOee&efjle

efvecveefueefKele ceeveob[eW kes DeeOeej hej DeJe-ceeveke, mebefoiOe Deewj
neefveheo DeeeqmleeeW ceW Jeieeake=le efkeee ieee nw
iv.
In respect of agricultural advances for short

duration crops, where the instalment of
principal or interest remains overdue for two
crop seasons;
v.
In respect of agricultural advances for long

duration crops, where the principal or interest
remains overdue for one crop season.
NPAs are classified into sub-standard, doubtful and

loss assets, based on the following criteria stipulated
by RBI:
3.2
mebefoiOe Ssmeer keesF& $eCe Deeeqmle, pees 12 cenerveeW keer

DeJeefOe kes efueS DeJe-ceeveke esCeer ceW jner nw ~
ii.
neefveheo Ssmeer keesF& $eCe Deeeqmle, efpemeceW neefve kee helee

eue ieee nw eEkeleg Gme jeefMe kees hetCe&leee yes Keeles ceW veneR
[euee ieee nw ~
Doubtful: A loan asset that has remained in

the sub-standard category for a period of 12
months.
iii.
Loss: A loan asset where loss has been

identified but the amount has not been fully
written off.
Provisions are made for NPAs as per the extant

guidelines prescribed by the regulatory authorities,
subject to minimum provisions as prescribed below:
iii.
Devepe&ke DeeeqmleeeW kes efueS heeJeOeeve efJeefveeeceke heeefOekejCeeW

eje efveOee&efjle Jele&ceeve efoMee-efveoxMeeW kes Devegmeej efkeS ieS nQ, hej
FmeceW efvecveefueefKele efveOee&efjle vetvelece heeJeOeeve ceeveob[eW kees Oeeve
ceW jKee ieee nw
DeJe-ceeveke DeeeqmleeeB
mebefoiOe DeeeqmleeeB
- heefleYetle Yeeie
- DeheefleYetle Yeeie
neefveheo DeeeqmleeeB
3.4
Sub-standard: A loan asset that has remained

non-performing for a period less than or equal
to 12 months.
ii.
In respect of bills purchased/discounted, the

bill remains overdue for a period of more than
90 days;
i.
DeJe-ceeveke Ssmeer keesF& $eCe Deeeqmle, pees 12 cenerveeW ee

Gmemes kece DeJeefOe kes efueS Devepe&ke jner nw ~
3.3
iii.
i.
3.3
Substandard Assets: i. A general provision of

15%
15% kee meeceeve heeJeOeeve

ii. Gve $eCe peesefKeceeW kes efueS,
pees heejbYe mes ner DeheefleYetle nQ,
10% kee Deefleefje heeJeOeeve
(peneB heefleYetefle kee Jemetueer
- cetue Meg mes ner 10% mes
DeefOeke veneR nw)
iii. FvHeem^keej $eCe KeeleeW
ceW DeheefleYetle jeefMe efpemeceW
keeflehee j#eesheee pewmes Smees
Keeles GheueyOe nQ - 20%
i.
ii. Additional provision of

10% for exposures which
are unsecured ab-initio
(i.e. where realisable
value of security is not
more than 10 percent abinitio)
iii. Unsecured Exposure in
respect of infrastructure
loan accounts where
certain safeguards such
as escrow accounts are
available 20%
Doubtful Assets:
Ske Je<e& leke - 25%

ii. Ske mes leerve Je<e& leke - 40%
iii. leerve Je<e& mes DeefOeke - 100%
i.
-Secured portion:
i. Upto one year 25%

ii. One to three years 40%
iii. More than three years
100%
100%
100%
efJeosMe eqmLele keeee&ueeW kes $eCe Deewj Deefiece KeeleeW kee JeieeakejCe
leLee Devepe&ke DeefieceeW kes mebyebOe ceW heeJeOeeve mLeeveere efJeefveeceeW
DeLeJee Yeejleere efjpeJe& yeQke kes ceeveob[eW ceW mes pees DeefOeke keesj
Lee, kes Devegmeej efkeS ieS nQ~
26
3.4
-Unsecured portion
100%
Loss Assets:
100%
In respect of foreign offices, classification of loans

and advances and provisions for non performing
advances are made as per the local regulations or as
per the norms of RBI, whichever is more stringent.

4.
5.
3.5
Devepe&ke DeeeqmleeeW kes efJeee kees Yeejleere efjpeJe& yeQke eje

efveOee&efjle efoMee-efveoxMeeW kes Devegmeej uesKes ceW efueee ieee nw~ eefo
efyeeer efveJeue yener cetue mes kece cetue hej keer peeleer nw, lees kece
heehle ngF& jeefMe kees ueeYe SJeb neefve Keeles ceW veeces efkeee peelee nw
Deewj eefo efyeeer efveJeue yener cetue mes DeefOeke cetue hej keer peeleer
nw, lees Deefleefje heeJeOeeve keer jeefMe kees jeskekej jKee peelee nw
Deewj Gmemes Deve efJeeere DeeeqmleeeW keer efyeeer hej ngF& keceer/
vegkemeeve kees hetje efkeee peelee nw~ efveJeue yener cetue jKes ieS
efJeefMe< heeJeOeeve leLee F&meerpeermeer kes heehle oeJeeW ceW mes Ieeves hej
yekeeee nw~
3.6 Deefiece keeflehee $eCe neefve heeJeOeeveeW, Deheehle yeepe, Yeejleere
efveee&le $eCe ieejber efveiece (F&meerpeermeer) kes heehle oeJeeW Deewj
yeeke=le efyeueeW kees Ieekej oMee&S ieS nQ~
3.7 hegvemejefele/hegvee|veOee&efjle DeeeqmleeeW kes efueS heeJeOeeve Yeejleere
efjpeJe& yeQke eje peejer efoMee -efveoxMeeW kes Devegmeej efkeS ieS nQ,
efpemekes Devegmeej Devepe&ke DeeeqmleeeW kes efueS heeJeOeeve kejves kes
DeueeJee, hegvemejevee mes hetJe& Deewj kes yeeo $eCe kes Gefele cetue keer
Deblej jeefMe kes efueS heeJeOeeve efkeee ieee nw~ Gheeg&e kes keejCe,
Gefele cetue ceW ngF& keceer Deewj leeie efkeS ieS yeepe kes heeJeOeeve
kees DeefieceeW ceW mes Ieeee ieee nw~
3.8 Devepe&ke DeeeqmleeeW kes he ceW Jeieeake=le $eCe KeeleeW kes ceeceues ceW,
efJeefveeecekeeW eje efveOee&efjle efoMee-efveoxMeeW kes Deveghe nesves hej ner
efkemeer Keeles kees Depe&ke Deeeqmle kes he ceW hegveJe&ieeake=le efkeee pee
mekelee nw ~
3.9 hetJe&Jeleea Je<eex ceW yes Keeles ceW [eues ieS $eCeeW keer Jemetueer ieF& jeefMe
kees Deee kes he ceW efkeee efoKeeee nw~
3.10 Devepe&ke DeeeqmleeeW hej keeflehee heeJeOeeve kes Deefleefje, ceeveke
DeeeqmleeeW kes efueS meeceeve heeJeOeeve Yeer efkeS ieS nQ~ es heeJeOeeve
leguevehe$e keer Devegmeteer-5 kes `Deve oseleeSb SJeb heeJeOeeve - Deve'
Meer<e& kes Debleie&le oMee&S ieS nQ Deewj efveJeue Devepe&ke Deeeqmleeeb
efvekeeueves kes efueS Fve hej efJeeej veneR efkeee ieee nw~
DemLeeeer heeJeOeeve
yeQke ceW DeefieceeW, efJeefveOeeveeW Deewj meeceeve heeespeve kes efueS Deueie-Deueie
DemLeeeer heeJeOeeve kejves Deewj Gvekee Gheeesie kejves keer Devegceesefole veerefle
ueeiet nw~ me=efpele efkeS peevesJeeues DemLeeeer heeJeOeeveeW keer jeefMe kee heleske
efJee Je<e& kes Deble ceW Deekeueve efkeee peelee nw~ DemLeeeer heeJeOeeveeW kee
Gheeesie Yeejleere efj]peJe& yeQke keer hetJe& Devegceefle mes Fme veerefle ceW efvee|o keer
ieF& DemeeOeejCe heefjeqmLeefleeeW kes Debleie&le Deeves Jeeueer DeekeeqmcekeleeDeeW kes
efueS ner efkeee ieee nw~
yeQeEkeie FkeeFeeW kes efueS osMeJeej $eCe-peesefKece mebyebOeer heeJeOeeve
Deeeqmle JeieeakejCe keer eqmLeefle kes Deveghe efkeS ieS keeflehee heeJeOeeveeW
kes Deefleefje he=Leke osMeJeej $eCe peesefKece (efvepeer osMe kes DeueeJee) kes
efueS heeJeOeeve efkeS ieS nQ~ Fve osMeeW kee JeieeakejCe meele peesefKece esefCeeeW
eLee veieCe, kece, meeceeve, DeefOeke, DeleefOeke, heefleyebefOele SJeb $eCe ceW
Meeefceue ve nesves Jeeues JeieeX ceW efkeee ieee nw, leLee en heeJeOeeve Yeejleere
efjpeJe& yeQke kes Jele&ceeve efoMee-efveoxMeeW kes Devegmeej efkeee ieee nw~ eefo
heleske osMe mes mebyebefOele yeQke kee osMeJeej $eCe peesefKece (efveJeue) kegue
efveefOeke DeeeqmleeeW kes 1% mes DeefOeke veneR nw, lees Ssmes osMeJeej $eCe peesefKece
hej keesF& heeJeOeeve veneR jKee ieee nw~ en heeJeOeeve leguevehe$e keer Devegmeteer
5 ceW ``Deve oseleeSb SJeb heeJeOeeve-Deve'' kes Debleie&le oMee&ee ieee nw~
27
3.5
The sale of NPAs is accounted as per guidelines

prescribed by RBI. If the sale is at a price below net
book value, the shortfall is debited to the profit and
loss account, and in case of sale for a value higher
than net book value, the excess provision is retained
and utilised to meet the shortfall / loss on sale of
other financial assets. Net book value is outstanding
as reduced by specific provisions held and ECGC
claims received.
3.6
Advances are net of specific loan loss provisions,

unrealised interest, ECGC claims received and bills
rediscounted.
3.7
For restructured/rescheduled assets, provisions are

made in accordance with the guidelines issued by
RBI, which require that the difference between the
fair value of the loan before and after restructuring
is provided for, in addition to provision for NPAs. The
provision for diminution in fair value and interest
sacrifice, arising out of the above, is reduced from
advances.
3.8
In the case of loan accounts classified as NPAs, an

account may be reclassified as a performing asset
if it conforms to the guidelines prescribed by the
regulators.
3.9
Amounts recovered against debts written off in

earlier years are recognised as revenue.
3.10 In addition to the specific provision on NPAs, general

provisions are also made for standard assets. These
provisions are reflected in Schedule 5 of the balance
sheet under the head Other Liabilities & Provisions
Others and are not considered for arriving at Net
NPAs.
4.
Floating Provision
The bank has a policy for creation and utilisation of floating

provisions separately for advances, investments and general
purpose. The quantum of floating provisions to be created
is assessed at the end of each financial year. The floating
provisions are utilised only for contingencies under extra
ordinary circumstances specified in the policy with prior
permission of Reserve Bank of India.
5.
Provision for Country Exposure for Banking Entities
In addition to the specific provisions held according to the

asset classification status, provisions are held for individual
country exposures (other than the home country).
Countries are categorised into seven risk categories, namely,
insignificant, low, moderate, high, very high, restricted
and off-credit and provisioning made as per extant RBI
guidelines. If the country exposure (net) of the bank in
respect of each country does not exceed 1% of the total
funded assets, no provision is maintained on such country
exposures. The provision is reflected in schedule 5 of the
balance sheet under the Other Liabilities & Provisions
Others.

6.
7.
[sjerJesefJme
6.1 yeQke leguevehe$e kes/leguevehe$e kes yeenj keer DeeeqmleeeW Deewj oseleeDeeW
keer heeflej#ee kes efueS DeLeJee Jeeheej heeespeveeW nsleg efJeosMeer cege
efJekeuhe, yeepe oj efJeefvecee, cege efJeefvecee Deewj hejmhej cege
yeepe oj efJeefvecee leLee Jeeeoe oj kejej pewmeer [sjerJesefJme
mebefJeoeSb kejlee nw~ leguevehe$e keer DeeeqmleeeW SJeb oseleeDeeW keer
heeflej#ee kes efueS keer ieF& efJeefvecee mebefJeoeDeeW keer hejsKee Fme
{bie mes leweej keer peeleer nw efke Jes leguevehe$e keer Deblee|veefnle ceoeW
kes meeLe heefleketue SJeb #eeflehete|le heYeeJe kees menve kej mekeW~ Ssmes
[sjerJesefJme efueKeleeW kee heYeeJe Deblee|veefnle DeeeqmleeeW kes cetue
ceW Gleej-e{eJe kes meeLe peg[e ngDee nw Deewj Fmes heeflej#ee uesKee
efmeebleeW kes Devegmeej uesKeeW ceW efueee ieee nw~
6.2 heeflej#ee kes he ceW Jeieeake=le [sjerJesefJme mebefJeoeSb heesle DeeOeej
hej ope& keer ieF& nQ~ peye leke Deblee|veefnle DeeeqmleeeW/oseleeDeeW kees
Yeer yeepeej cetue hej yener ceW Meeefceue veneR kej efoee peelee, leye
leke heeflej#ee mebefJeoeDeeW kees yeepeej cetue hej yener ceW Meeefceue veneR
efkeee peelee nw~
6.3 Gheeg&e kees es[kej, Deve meYeer [sjerJesefJme mebefJeoeSb Geesie ceW
heeefuele meeceevele mJeerke=le heLeeDeeW kes Devegmeej yeepeej cetue
hej yener ceW Meeefceue keer ieF& nQ~ yeepeej cetue hej yener ceW Meeefceue
efkeS ieS [sjerJesefJme mebefJeoeDeeW kes mebyebOe ceW, yeepeej cetue ceW
ngS heefjJele&veeW kees heefjJele&ve keer DeJeefOe mes ueeYe Deewj neefve Keeles
ceW oMee&ee ieee nw~ [sjerJesefJme mebefJeoeDeeW kes DeOeerve heehle nesves
Jeeueer keesF& Yeer jeefMe 90 efoveeW mes DeefOeke DeJeefOe kes efueS Deefleose
nesleer nw, lees Gmes ueeYe Deewj neefve Keeles kes peefjS ``Geble heefjCele
heehe jeefMe Keeles'' ceW heefleJee|lele efkeee peelee nw~ eefo [sjerJesefJe
mebefJeoeDeeW ceW YeefJe<e ceW Deewj DeefOeke efveheejs kee heeJeOeeve nw Deewj
eefo [sjerJesefJe mebefJeoe Deefleose heehe jeefMe kee 90 efove leke
Yegieleeve heehle ve nesves hej meceehle veneR keer peeleer nw lees YeefJe<e ceW
heehle jeefMeeeW keer yeepeej cetue hej yeefneeW ceW Debefkele Ieveelceke
jeefMe kees ueeYe Deewj neefve Keeles mes ``Geble yeepeej cetue Ieveelceke
jeefMe Keeles'' ceW heefleJee|lele efkeee peelee nw~
6.4 heoe ee heehle efJekeuhe heerefceece kees efJekeuhe keer meceeeqhle hej
ueeYe Deewj neefve Keeles ceW ope& efkeee ieee nw~ yeses ieS efJekeuheeW
hej heehle heerefceece Deewj Kejeros ieS efJekeuheeW hej heoe heerefceece
kes Mes<e kees Hee@jskeme DeesJej efo keeGbj efJekeuheeW kes yeepeej cetue
efvekeeueves nsleg Meeefceue efkeee ieee nw~
6.5 SkemeeWpe ceW ee-efJeee efkeS ieS [sefjJesefJpe leLee Jeeheej kes
GsMe mes efkeS ieS yeepe oj Jeeeoe meewoeW kees SkemeeWpe eje oer
ieF& ojeW kes DeeOeej hej heeefuele yeepeej ojeW hej cetueebefkele efkeee
ieee nw Deewj heefjCeeceer ueeYe leLee neefve kees ueeYe Deewj neefve Keeles
ceW Meeefceue efkeee ieee nw~
Deeue DeeeqmleeeB Deewj cetuendjeme
7.1 Deeue DeeeqmleeeW kee mebefele cetuendjeme mes kece ueeiele hej Debkeve
efkeee ieee nw~
7.2 ueeiele ceW ee ueeiele leLee mecemle Jee, pewmes efke mLeeve keer
leweejer, mebmLeeheve ueeiele Deewj JeeJemeeefeke Meguke leLee Deeeqmle
hej Gmekee Gheeesie kejves mes hetJe& Jenve keer ieF& Heerme Meeefceue nQ~
Gheeesie keer ieF& DeeeqmleeeW hej Jenve efkeS ieS DevegJeleea Jee kees
kesJeue leYeer hetbpeerke=le efkeee ieee nw, peye es Jee Fve DeeeqmleeeW mes
nesves Jeeues YeeJeer ueeYe kees/Fve DeeeqmleeeW keer JeeJeneefjke #ecelee
kees ye{eles nQ~
28
6.
Derivatives:
6.1
The Bank enters into derivative contracts, such

as foreign currency options, interest rate swaps,
currency swaps, and cross currency interest rate
swaps and forward rate agreements in order to
hedge on-balance sheet/off-balance sheet assets
and liabilities or for trading purposes. The swap
contracts entered to hedge on-balance sheet assets
and liabilities are structured in such a way that they
bear an opposite and offsetting impact with the
underlying on-balance sheet items. The impact of
such derivative instruments is correlated with the
movement of the underlying assets and accounted in
accordance with the principles of hedge accounting.
6.2
Derivative contracts classified as hedge are recorded

on accrual basis. Hedge contracts are not marked to
market unless the underlying Assets / Liabilities are
also marked to market.
6.3
Except as mentioned above, all other derivative

contracts are marked to market as per the generally
accepted practices prevalent in the industry. In
respect of derivative contracts that are marked to
market, changes in the market value are recognised
in the profit and loss account in the period of change.
Any receivable under derivatives contracts, which
remain overdue for more than 90 days, are reversed
through profit and loss account to Suspense A/c
- Crystallised Receivables. In cases where the
derivative contracts provide for more settlement in
future and if the derivative contract is not terminated
on the overdue receivables remaining unpaid for
90 days, the positive MTM pertaining to future
receivables is also reversed from Profit and Loss
Account to Suspense A/c - Positive MTM.
6.4
Option premium paid or received is recorded in

profit and loss account at the expiry of the option.
The balance in the premium received on options
sold and premium paid on options bought have been
considered to arrive at Mark to Market value for
forex Over the Counter options.
6.5
Exchange Traded Derivatives entered into for trading

purposes are valued at prevailing market rates based
on rates given by the Exchange and the resultant
gains and losses are recognised in the Profit and Loss
Account.
7.
Fixed Assets and Depreciation
7.1
Fixed assets are carried at cost less accumulated

depreciation.
7.2
Cost includes cost of purchase and all expenditure

such as site preparation, installation costs and
professional fees incurred on the asset before it is put
to use. Subsequent expenditure incurred on assets
put to use is capitalised only when it increases the
future benefits from such assets or their functioning
capability.

7.3
7.4
7.5
7.6
7.7
7.8
Fme osMeer heefjeeueve kes mebyebOe ceW cetuendjeme keer ojW Deewj
cetuendjeme oMee&ves keer heefle kee efJeJejCe efvecveevegmeej nw
ece Deeue DeeeqmleeeW kee cetuendjeme
meb efJeJejCe
oMee&ves keer
heefle
1
kebhetj Deewj SerSce meerOeer keewleer
heCeeueer
2
ne[&Jesej kes DeefYeVe ndjeefmele cetue
Debie kes he ceW
heodOeefle
Meeefceue kebhetj
mee@HeJesej
3
ne[&Jesej kes DeefYeVe
Debie kes he ceW ve
Meeefceue kebhetj
mee@HeJesej
4
31 ceee& 2001 leke meerOeer keewleer
efJeeere hes hej oer ieF& heCeeueer
DeeeqmleeeB
5
Deve Deeue DeeeqmleeeB ndjeefmele cetue
heodOeefle
9.
The rates of depreciation and method of charging

depreciation in respect of domestic operations are as
under:
cetuendjeme/
heefjMeesOeve oj
Sr. Description of fixed

No. assets
Depreciation/
amortisation rate
33.33% heefle Je<e&
Method of
charging
depreciation
Computers & ATM
60%
Straight Line
Method
33.33% every
year
Computer software
forming an integral
part of hardware
Written Down 60%

Value Method
Computer Software
which does not form
an integral part of
hardware
DeefYeienCe Je<e& ceW

100% cetuendjeme
kebheveer DeefOeefveece
1956 kes DeOeerve
efveOee&efjle oj hej
Deeekej efveece
1962 kes DeOeerve
efveOee&efjle oj hej
Je<e& kes oewjeve osMeer heefjeeueveeW mes heehle DeeeqmleeeW kes mebyebOe ceW
cetuendjeme 180 efoveeW leke heege DeeeqmleeeW hej DeOe&Je<e& kes efueS
leLee 180 efoveeW mes DeefOeke heege DeeeqmleeeW hej hetjs Je<e& kes efueS
oMee&ee ieee nw, peyeefke kebhetjeW Deewj meeHeJesej hej cetuendjeme
- Fme Deeeqmle kee Gheeesie kejves keer DeJeefOe eens keg Yeer jner nes
hetjs Je<e& kes efueS oMee&ee ieee nw~
Ssmeer ceoW efpeveceW mes heleske kee cetue `1,000 mes kece nes GvnW
ee Je<e& ceW ner yes Keeles ceW [eue efoee ieee nw~
heeke=le heefjmejeW mes mecyeodIe hee heerefceece, eefo nes lees, kees hee
DeJeefOe hej heefjMeesefOele efkeee ieee nw Deewj hee efkejeee Gmeer Je<e&
kes Kee& kes he ceW oMee&ee ieee nw~
yeQke eje 31 ceee& 2001, kees ee Gmemes hetJe& hes hej oer ieF&
DeeeqmleeeW kes mebyebOe ceW hes hej oer ieF& DeeeqmleeeW kes cetue kees
heeke=le DeeeqmleeeW kes he ceW Deeue DeeeqmleeeW kes Debleie&le
oMee&ee ieee nw Deewj Jeee|<eke hee Meguke (hetbpeer-Jemetueer) SJeb
cetuendjeme kes Deblej kees hee meceeveerkejCe uesKes ceW efueee ieee nw~
efJeosMeer keeee&ueeeW/FkeeFeeW eje Oeeefjle Deeue DeeeqmleeeW hej
cetuendjeme kee heeJeOeeve mebyebefOele osMeeW kes efJeefveeceeW/ceeveob[eW kes
Devegmeej efkeee ieee nw~
8. hes
7.3
100% depreciated
in the year of
acquisition
Assets given on
financial lease upto
31st March 2001
Straight Line
Method
At the rate
prescribed under
the Companies
Act 1956
Other fixed assets
Written down At the rate

value method prescribed under
the Income-tax
Rules 1962
7.4
In respect of assets acquired during the year for

domestic operations, depreciation is charged for half
a year in respect of assets used for upto 180 days and
for the full year in respect of assets used for more
than 180 days, except depreciation on computers
and software, which is charged for the full year
irrespective of the period for which the asset was put
to use.
7.5
Items costing less than ` 1,000 each are charged off

in the year of purchase.
7.6
In respect of leasehold premises, the lease premium,

if any, is amortised over the period of lease and the
lease rent is charged in the respective year.
7.7
In respect of assets given on lease by the Bank on

or before 31st March 2001, the value of the assets
given on lease is disclosed as Leased Assets under
fixed assets, and the difference between the annual
lease charge (capital recovery) and the depreciation
is taken to Lease Equalisation Account.
7.8
In respect of fixed assets held at foreign offices/

entities, depreciation is provided as per the
regulations /norms of the respective countries.
8. Leases
Deeeqmle JeieeakejCe Deewj DeefieceeW kes efueS ueeiet heeJeOeeveerkejCe ceeveob[eW kee
Gheeg&e Devegso 3 ceW efoS ieS efoMee-efveoxMeeW kes Devegmeej Fve efJeeere
hedeW ceW Yeer heeesie efkeee ieee nw~
DeeeqmleeeW keer Dehemeeceevelee
peye keYeer IeveeSB DeLeJee eqmLeefleeeW ceW heefjJele&ve en mebkesle osles nQ efke
efkemeer Deeeqmle keer Deieeveerle jeefMe keer Jemetueer mebefoiOe nw lees Ssmeer eqmLeefle
ceW Deeue DeeeqmleeeW keer Dehemeeceevelee nsleg meceer#ee keer peeleer nw~ Oeeefjle
Deewj heeesie keer peeves Jeeueer Deeeqmle keer Jemetueer nes heeSieer ee veneR Fmes
ceeheves kes efueS Deeeqmle kes Deieeveerle cetue keer leguevee Deeeqmle eje Dehesef#ele
29
The asset classification and provisioning norms applicable

to advances, as laid down in Para 3 above, are applied to
financial leases also.
9.
Impairment of Assets
Fixed Assets are reviewed for impairment whenever events

or changes in circumstances warrant that the carrying
amount of an asset may not be recoverable. Recoverability
of assets to be held and used is measured by a comparison

of the carrying amount of an asset to future net discounted
cash flows expected to be generated by the asset. If such
assets are considered to be impaired, the impairment to
be recognised is measured by the amount by which the
carrying amount of the asset exceeds the fair value of the
asset.
YeefJe<eiele efveJeue yeeke=le vekeoer heJeen mes leguevee kejkes %eele keer peeleer
nw~ eefo Ssmeer DeeeqmleeeW kees Dehemeeceevelee kes eesie heeee peelee nw lees
uesKes ceW oMee&F& peevesJeeueer Dehemeeceevelee kee ceehe Gme DeefOeke jeefMe kes
DeeOeej hej efkeee peelee nw pees Deeeqmle kes Deieeveerle cetue Deewj Gmekes
Gefele cetue kes yeere kee Deblej nw~
10. efJeosMeer cege efJeefvecee oj ceW Gleej-e{eJe kee heYeeJe

10.1 efJeosMeer cege uesveosve
i. efJeosMeer cege uesveosve kees uesveosve keer efleefLe kees metefele cege
SJeb efJeosMeer cege kes yeere efJeefvecee oj keer efJeosMeer cege
jeefMe kes heeesie eje metefele cege ceW heejbefYeke efveOee&jCe hej
ope& efkeee ieee nw ~
ii. efJeosMeer cege ceewefke ceoeW keer metevee Yeejleere efJeosMeer
cege Jeeheejer mebIe (Hes[F&) keer Debeflece lelkeeue ojeW kes
heeesie mes oer ieF& nw ~
iii. efJeosMeer cege iewj-ceewefke ceoeW, pees DeJeefOeiele ueeiele kes
DeeOeej hej ueer ieF& nQ, keer metevee uesveosve keer efleefLe kees
heeefuele cege efJeefvecee oj kes heeesie mes oer ieF& nw ~
iv. efJeosMeer cege ceW cetueebefkele Deekeeqmceke oseleeDeeW keer
metevee Hes[F& keer Debeflece lelkeeue oj kes heeesie mes keer ieF&
nw ~
v. JeJemeee kes efueS jKeer ieF& yekeeee lelkeeue efJeosMeer
cege efJeefvecee leLee Jeeeoe mebefJeoeDeeW kees Fvekeer efveOee&efjle
heefjhekeJeleeDeeW kes efueS Hes[F& eje DeefOemetefele cege
efJeefvecee ojeW hej hegvecet&ueebefkele efkeee ieee nw Deewj
heefjCeeceer ueeYe ee neefve kees ueeYe Deewj neefve Keeles ceW
vi. efJeosMeer cege Jeeeoe mebefJeoeDeeW, pees JeJemeee kes efueS
Dehesef#ele veneR nQ Deewj leguevehe$e keer efleefLe kees yekeeee nQ,
kee Debeflece lelkeeue oj hej cetueebkeve efkeee ieee nw~
Ssmeer Jeeeoe efJeefvecee mebefJeoe kes heejbYe mes Gle heerefceece
ee yes kees mebefJeoe keer heefjhekeJelee DeJeefOe kes Jee ee
Deee kes he ceW heefjMeesefOele efkeee ieee nw~
vii. ceewefke ceoeW kes efveOee&jCe mes Gle efJeefvecee Deblej jeefMeeeW
kees Gve ojeW, pees ojW DeejbYe mes ope& keer ieF& LeeR, mes efYeVe
ojeW hej Gme DeJeefOe, efpemeceW es ojW Gle ngF& nQ, kes Deee
ee Jee kes he ceW efoKeeee ieee nw~
viii. Kegues efJekeuhe Jeeues cege Jeeeoe uesveosve ceW efJeefvecee
ojeW ceW heefjJele&ve kes keejCe nesves Jeeues ueeYe / neefve kees
SkemeeWpe eqkeueDeeEjie neGme kes meeLe owefveke DeeOeej hej
efveheeve efkeee ieee nw Deewj Ssmes ueeYe / neefve kees ueeYe
Deewj neefve Keeles ceW oMee&ee ieee nw~

10.2 efJeosMeer heefjeeueve

10.
Effect of changes in the foreign exchange rate
10.1 Foreign Currency Transactions
i.
Foreign currency transactions are recorded on

initial recognition in the reporting currency
by applying to the foreign currency amount
the exchange rate between the reporting
currency and the foreign currency on the date
of transaction.
ii.
Foreign currency monetary items are reported

using the Foreign Exchange Dealers Association
of India (FEDAI) closing spot/forward rates.
iii.
Foreign currency non-monetary items, which

are carried in terms at historical cost, are
reported using the exchange rate at the date
of the transaction.
iv.
Contingent liabilities denominated in foreign

currency are reported using the FEDAI closing
spot rates.
v.
Outstanding foreign exchange spot and

forward contracts held for trading are revalued
at the exchange rates notified by FEDAI for
specified maturities, and the resulting profit
or loss is recognised in the Profit and Loss
account.
vi.
Foreign exchange forward contracts which are

not intended for trading and are outstanding
at the balance sheet date, are valued at the
closing spot rate. The premium or discount
arising at the inception of such a forward
exchange contract is amortised as expense or
income over the life of the contract.
vii.
Exchange differences arising on the settlement

of monetary items at rates different from
those at which they were initially recorded
are recognised as income or as expense in the
period in which they arise.
viii.
Gains / Losses on account of changes in

exchange rates of open position in currency
futures trades are settled with the exchange
clearing house on daily basis and such gains/
losses are recognised in the profit and loss
account.
yeQke keer efJeosMe eqmLele MeeKeeDeeW/FkeeFeeW Deewj mecegheejere

yeQeEkeie FkeeFeeW kees Demeceekeefuele heefjeeueveeW kes he ceW
Jeieeake=le efkeee ieee nw Deewj heefleefveefOe keeee&ueeeW kees meceekeefuele
heefjeeueveeW kes he ceW Jeieeake=le efkeee ieee nw~
10.2 Foreign Operations
30
Foreign branches/subsidiaries/joint ventures of the

Bank and Offshore Banking Units have been classified
as Non-integral Operations and Representative
Offices have been classified as Integral Operations.

ke. Demeceekeefuele heefjeeueve
i. Demeceekeefuele efJeosMeer heefjeeueveeW keer oesveeW
ceewefke Deewj iewj-ceewefke efJeosMeer cege DeeeqmleeeW
SJeb oseleeDeeW leLee Deekeeqmceke oseleeDeeW kees
leguevehe$e efleefLe kees Hes[F& eje DeefOemetefele
Debeflece efJeefvecee ojeW hej efJeefvecee efkeee ieee nw~
ii. Demeceekeefuele efJeosMeer heefjeeueveeW keer Deee SJeb
Jee kee efleceener Deewmele keer Debeflece oj hej
efJeefvecee efkeee ieee nw~
iii. efveJeue efJeefveOeeve kes efveheeve nesves leke
Demeceekeefuele efJeosMeer heefjeeueveeW mes Gle
efJeefvecee Deblej-jeefMeeeW kee mebeeve efJeosMeer cege
heeblejCe Deejef#eleer ceW efkeee ieee nw ~
iv. efJeosMeer keeee&ueeeW/Deveg<ebefieeeW/mebege GeceeW
keer efJeosMeer cege ceW oMee&F& ieF& DeeeqmleeeW SJeb
oseleeDeeW kee efJeosMeer keeee&ueeeW/Deveg<ebefieeeW/
mebege GeceeW keer mLeeveere cege kes DeueeJee Gme
osMe kes efueS ueeiet neefpej ojeW kee heeesie kejles
ngS mLeeveere cege ceW efJeefvecee efkeee ieee nw~
Ke. meceekeefuele heefjeeueve
i.
efJeosMeer cege uesveosve kees uesveosve keer efleefLe kees

metefele cege Deewj efJeosMeer cege ceW efJeefvecee oj hej
efJeosMeer cege jeefMe kes heeesie eje metefele cege ceW
DeejbefYeke DeefYe%eeve hej ope& efkeee ieee nw~
ii. meceekeefuele efJeosMeer heefjeeueveeW keer ceewefke

efJeosMeer cege DeeeqmleeeW Deewj oseleeDeeW kees
leguevehe$e keer efleefLe kees Hes[F& eje DeefOemetefele
Debeflece efJeefvecee ojeW hej heebleefjle efkeee ieee
nw Deewj heefjCeeceer ueeYe/neefve kees ueeYe Deewj neefve
Keeles ceW Meeefceue efkeee ieee nw ~
iii. DeJeefOeiele ueeiele kes Deveghe Deieeveerle efJeosMeer
cege iewj-ceewefke ceoeW keer metevee uesveosve keer
efleefLe kees heeefuele efJeefvecee oj kes heeesie mes keer
ieF& nw~
a.
Non-integral Operations:
i.
Both monetary and non-monetary

foreign currency assets and liabilities
including contingent liabilities of
non-integral foreign operations are
translated at closing exchange rates
notified by FEDAI at the balance sheet
date.
ii.
Income and expenditure of non-integral

foreign operations are translated at
quarterly average closing rates.
iii.
Exchange differences arising on net

investment in non-integral foreign
operations are accumulated in Foreign
Currency Translation Reserve until the
disposal of the net investment.
iv.
The Assets and Liabilities of foreign

offices / subsidiaries / joint ventures
in foreign currency (other than local
currency of the foreign offices /
subsidiaries / joint ventures) are
translated into local currency using spot
rates applicable to that country.
b.
Integral Operations:
i.
Foreign currency transactions are

recorded on initial recognition in the
reporting currency by applying to the
foreign currency amount the exchange
rate between the reporting currency
and the foreign currency on the date of
transaction.
ii.
Monetary foreign currency assets and

liabilities of integral foreign operations
are translated at closing exchange rates
notified by FEDAI at the balance sheet
date and the resulting profit/loss is
included in the profit and loss account.
iii.
Foreign currency non-monetary items

which are carried in terms of historical
cost are reported using the exchange
rate at the date of the transaction.
11.
kece&eejer efnleueeYe
11.
Employee Benefits:
11.1
11.1 Short Term Employee Benefits:
DeuheeJeefOe kece&eejer efnleueeYe

DeuheeJeefOe kece&eejer efnleueeYe eLee efeefkelmee efnleueeYe,
Deekeeqmceke DeJekeeMe Deeefo keer yeejefnle jeefMe kees, efpemekees
kece&eeefjeeW eje heoe mesJee kes efJeefvecee ceW heoeve efkeee peevee
Dehesef#ele nw, kece&eeefjeeW eje heoe mesJee DeJeefOe kes oewjeve
The undiscounted amount of short-term employee

benefits, such as medical benefits, casual leave etc.
which are expected to be paid in exchange for the
services rendered by employees are recognised
during the period when the employee renders the
service.
11.2
veewkejer Ghejeble efnleueeYe
11.2 Post Employment Benefits:
i.
efveele efnleueeYe eespevee
ke. mecetn keer kebheefveeeW ceW Deueie Deueie YeefJe<e

efveefOe eespeveeSB ueeiet nQ, YeefJe<e efveefOe eespevee
31
i.
Defined Benefit Plan

a.
The bank operates Provident Fund

scheme. All eligible employees are

entitled to receive benefits under the
Provident Fund scheme. The bank
contributes monthly at a determined
rate. These contributions are remitted
to a trust established for this purpose
and are charged to Profit and Loss
Account. The bank is liable for annual
contributions and interests, which is
payable at minimum specified rate
of interest. The bank recognises such
annual contributions and interest as
an expense in the year to which they
relate.
kes Debleie&le meYeer hee$e kece&eejer en efnleueeYe heehle

kejves kes nkeoej nQ~ mecetn keer kebheefveeeB efveOee&efjle
oj hej ceeefmeke DebMeoeve kejleer nQ~ Fve DebMeoeve
kees, Fme GsMe kes efueS mLeeefhele veeme ceW hesef<ele
kej efoee ieee nw leLee ueeYe Deewj neefve Keeles ceW Kee&
kes he ceW efoKeeee ieee nw~ mecetn keer kebheefveeeB,
Jeee|<eke DebMeoeve Deewj yeepe osves kes efueS Gejoeeer
nQ~ en yeepe oj ose efvee|o< vetvelece yeepe oj kes
yejeyej nesleer nw~ kebheefveeeB Fme hekeej kes Jeee|<eke
DebMeoeveeW Deewj Gme hej yeepe kees mebyebefOele Je<e& kes
meboYe& ceW Jee ceeveleer nQ~

Ke. mecetn keer kebheefveeeB, ieseger, heWMeve pewmeer efveele
efnleueeYe eespeveeSB heefjeeefuele kejleer nQ~
ie. mecetn keer kebheefveeeB, meYeer hee$e kece&eeefjeeW
kees ieseger heoeve kejleer nQ~ en efnleueeYe
kece&eeefjeeW kees Gvekeer mesJeeefveJe=efe, veewkejer kes
oewjeve ce=leg nes peeves DeLeJee veewkejer keer meceeeqhle
hej SkecegMle jeefMe kes Yegieleeve kes he ceW heoeve
efkeee peelee nw ~ en jeefMe mesJee kes heleske hetCe&
Je<e& kes efueS ose 15 efoveeW kes cetue Jesleve kes
mecelegue jeefMe, pees mesJee efveeceeJeueer ceW efveOee&efjle
G lece meercee nw, mes DeefOeke veneR nesveer eeefnS ~ en
efnleueeYe mesJee kes heebe Je<e& hetjs nesves hej ner heehle
neslee nw~ yeQke Fme jeefMe kee Jeee|<eke DebMeoeve
mJeleb$e yeende yeerceebefkeke cetueve kes DeeOeej hej
veeefmeeeW eje efveebef$ele efveefOe ceW kejlee nw~

Ie. mecetn keer keg kebheefveeeB meYeer hee$e kece&eeefjeeW kees
heWMeve heoeve kejleer nQ~ en efnleueeYe efveeceevegmeej
ceeefmeke Yegieleeve kes he ceW heoeve efkeee peelee nw
Deewj heWMeve kee en efveeefcele Yegieleeve kece&eeefjeeW
kees Gvekeer mesJeeefveJe=efe, veewkejer kes oewjeve ce=leg
nesves ee veewkejer keer meceeeqhle hej efkeee peelee nw~
en efnleueeYe efveeceevegmeej efJeefYeVe ejCeeW ceW heehle
neslee nw~ kebheefveeeB Fme jeefMe kee Jeee|<eke DebMeoeve
mJeleb$e yeende JeemleefJeke cetueve kes DeeOeej hej
veeefmeeeW eje efveebef$ele efveefOe ceW kejleer nQ~

* efveele efnleueeYe heeJeOeeve ueeiele kees heleske
leguevehe$e keer efleefLe hej JeemleefJeke cetueve kes
DeeOeej hej Devegceeefvele etefve $eCe heodOeefle kes
heeesie mes efveOee&efjle efkeee ieee nw~ JeemleefJeke
ueeYe/neefve kees ueeYe Deewj neefve efJeJejCe ceW legjvle
Meeefceue kej efoee ieee nw Deewj GvnW mLeefiele veneR
efkeee ieee nw~

ii.
efveeqele DebMeoeve eespeveeSb
yeQke 1 Deiemle, 2010 kees ee Gmekes yeeo yeQke keer mesJee
ceW Meeefceue ngS meYeer DeefOekeeefjeeW/kece&eeefjeeW kes efueS
Ske veF& heWMeve eespevee (SveheerSme) heefjeeefuele kejlee nw,
pees Ske efveeqele DebMeoeve eespevee nw, Deewj yeQke keer mesJee
b.
The group entities operate separate

gratuity and pension schemes, which
are defined benefit plans.
c.
The group entities provide for gratuity

to all eligible employees. The benefit
is in the form of lump sum payments
to vested employees on retirement,
on death while in employment, or on
termination of employment, for an
amount equivalent to 15 days basic
salary payable for each completed year
of service, subject to a ceiling in terms
of service rules. Vesting occurs upon
completion of five years of service. The
Bank makes annual contributions to a
fund administered by trustees based
on an independent external actuarial
valuation carried out annually.
d.
Some group entities provide for pension

to all eligible employees. The benefit
is in the form of monthly payments
as per rules and regular payments to
vested employees on retirement, on
death while in employment, or on
termination of employment. Vesting
occurs at different stages as per rules.
The entities make annual contributions
to funds administered by trustees based
on an independent external actuarial
valuation carried out annually.
e.
The cost of providing defined benefits

is determined using the projected
unit credit method, with actuarial
valuations being carried out at each
balance sheet date. Actuarial gains/
losses are immediately recognised in
the statement of profit and loss and are
not deferred.
Defined Contribution Plans
ii.
32
The bank operates a new pension scheme (NPS)

for all officers/employees joining the Bank on
or after 1st August, 2010, which is a defined

contribution plan, such new joinees not being
entitled to become members of the existing
SBI Pension Scheme. Pending finalisation of
the detailed scheme, the employees covered
under the scheme contribute 10% of their basic
pay plus dearness allowance to the scheme
together with a matching contribution from
the Bank. These contributions are retained as
deposits in the bank and earn interest at the
same rate as that of the current account of
Provident Fund balance. The bank recognises
such annual contributions and interest as an
expense in the year to which they relate.
ceW DeevesJeeues Ssmes veS DeefOekeejer/kece&eejer kees efJeeceeve

SmeyeerDeeF& heWMeve eespevee kes meome yeveves kes efueS hee$e
veneR yeveeee pee jne nw~ Fme efJemle=le eespevee kees Debeflece
he efoS peeves leke, Fme eespevee kes Debleie&le kece&eejer
Deheves cetue Jesleve Deewj cenbieeF& Yees kee 10 heefleMele
Fme eespevee ceW DebMeoeve kejles nQ Deewj meeLe ceW Glevee
ner DebMeoeve yeQke eje efkeee peelee nw~ es DebMeoeve yeQke
ceW pecee kes he ceW jKes ieS nQ Deewj Gmeer oj mes yeepe
Dee|pele kejles nQ pees YeefJe<e efveefOe Mes<e kes eeuet Keeles
kes efueS ueeiet nQ~ yeQke Ssmes Jeee|<eke DebMeoeveeW SJeb yeepe
kee efveOee&jCe Gmeer Je<e& ceW Ske Jee kes he ceW kejlee nw
efpememes Jes mebyebefOele nesles nQ~
iii. kece&eeefjeeW kes Deve oerIee&JeefOe efnleueeYe
ke. mecetn kee heleske kece&eejer heeflehetefjle
DevegheeqmLeefleeeW, jpele peebleer mecceeve Deewj
DeJekeeMe ee$ee efjeeele mesJeeefveJe=efe ueeYe Deewj
hegveJee&meve Yees kee hee$e neslee nw ~ Fme hekeej keer
oerIee&JeefOe kece&eejer efnleueeYe keer ueeiele kee
efJeehees<eCe mecetn FkeeFeeW eje Deebleefjke mlej
hej efkeee ieee nw~

Ke. Deve oerIee&JeefOe efnleueeYe kes heeJeOeeve keer ueeiele
kee efveOee&jCe heleske leguevehe$e keer efleefLe kees
yeerceebefkeke cetueve keer Devegceeefvele etefve $eCe
heodOeefle kes heeesie mes efkeee ieee nw~ hetJe&Jeleea mesJee
ueeiele kees ueeYe Deewj neefve efJeJejCe ceW legjvle
Meeefceue kej efoee ieee nw Deewj GvnW mLeefiele veneR
efkeee ieee nw~

11.3 efJeosMe eqmLele keeee&ueeeW/FkeeFeeW ceW efveeesefpele kece&eeefjeeW mes
mebyebefOele kece&eejer ueeYe kee cetueebkeve efkeee ieee nw Deewj Gmes
mebyebefOele mLeeveere keevetveeW/efJeefveeceeW kes Devegmeej uesKes ceW efueee
ieee nw~
12. Deee hej kej

12.1 Jele&ceeve kej, DeemLeefiele kej leLee Deveg<ebieer ueeYe-kej Jee keer
kegue jeefMe Deee kej Jee nw~ eeuet Je<e& kes kejeW kee efveOee&jCe
uesKee ceeveke 22 Deewj Yeejle ceW heeefuele kej efveeceeW kes Devegmeej
efJeosMe eqmLele keeee&ueeeW/Deveg<ebefieeeW kes mebyebefOele osMeeW kes kej
efveeceeW kes Devegmeej efkeee ieee nw~ DeemLeefiele kej DeeeqmleeeW ee
oseleeDeeW ceW Gme DeJeefOe kes oewjeve ngS Gleej-e{eJe DeemLeefiele
kej meceeeespeve ceW meceeefJe< nQ~

12.2 DeemLeefiele kej DeeeqmleeeW Deewj oseleeDeeW kee Deekeueve
DeefOeefveeefcele kej ojeW Deewj kej keevetveeW DeLeJee leguevehe$e efleefLe
kes keeHeer hetJe& DeefOeefveeefcele ojeW Deewj keevetve kes DeeOeej hej efkeee
ieee nw~ DeemLeefiele kej DeeeqmleeeW Deewj oseleeDeeW kee meceeJesMe
efJeJeskehetCe& DeeOeej hej DeeeqmleeeW Deewj oseleeDeeW kes Deieeveerle
cetue Deewj Gvekes eceMe kej DeeOeej Deewj Deieeveerle neefveeeW
kes yeere DeJeefOeiele Deblej kees Oeeve ceW jKekej efkeee ieee nw~
DeemLeefiele kej DeeeqmleeeW Deewj oseleeDeeW ceW ngS heefjJele&ve kee
heYeeJe ueeYe Deewj neefve Keeles ceW heke efkeee ieee nw~
33
iii.
Other Long Term Employee benefits:
a.
All eligible employees of the group are

eligible for compensated absences,
silver jubilee award, leave travel
concession, retirement award and
resettlement allowance. The costs of
such long term employee benefits are
internally funded by the group entities.
b.
The cost of providing other long term

benefits is determined using the
projected unit credit method with
actuarial valuations being carried out
at each balance sheet date. Past service
cost is immediately recognised in the
statement of profit and loss and is not
deferred.
11.3 Employee benefits relating to employees employed

at foreign offices/ entities are valued and accounted
for as per the respective local laws/regulations.
12.
Taxes on income
12.1 Income tax expense is the aggregate amount of

current tax, deferred tax and fringe benefit tax
charge. Current taxes are determined in accordance
with the provisions of Accounting Standard 22 and
tax laws prevailing in India after taking into account
taxes of foreign offices/entities, which are based on
the tax laws of respective jurisdiction. Deferred tax
adjustments comprise of changes in the deferred tax
assets or liabilities during the period.
12.2 Deferred tax assets and liabilities are measured using

tax rates and tax laws that have been enacted or
substantially enacted prior to the balance sheet date.
Deferred tax assets and liabilities are recognised
on a prudent basis for the future tax consequences
of timing differences arising between the carrying
values of assets and liabilities and their respective
tax bases, and carry forward losses. The impact of
changes in the deferred tax assets and liabilities is
recognised in the profit and loss account.
12.3 DeemLeefiele
kej DeeeqmleeeW kees, Jemetueer keer efveeqelelee nesves kes

heyebOeve kes efveCe&e kes DeeOeej hej, heleske metefele efleefLe kees
jsKeebefkele Deewj hegvee|veOee&efjle efkeee ieee nw~ peye en hetCe& he
mes megefveeqele nes ieee nw efke Ssmeer DeemLeefiele kej DeeeqmleeeW keer
Jemetueer YeeJeer ueeYe mes keer pee mekeleer nw, leye DeemLeefiele kej
DeeeqmleeeW kee meceeJesMe DeveJeMeesef<ele cetuendjeme Deewj kej neefveeeW
kes Deies<eCe hej efkeee ieee nw~
12.3 Deferred tax assets are recognised and reassessed

at each reporting date, based upon managements
judgement as to whether realisation is considered
reasonably certain. Deferred tax assets are recognised
on carry forward of unabsorbed depreciation and
tax losses only if there is virtual certainty that such
deferred tax assets can be realised against future
profits.
12.4
Deee kej Jee Gvekeer ueeiet efJeefOeeeW kes Devegmeej cetue kebheveer
Deewj Gmekeer Deveg<ebefieeeW/mebege GeceeW kes Deueie-Deueie efJeeere
efJeJejCeeW ceW oMee&S ieS kej Jee keer kegue jeefMe nw~
12.4 Income tax expenses are the aggregate of the amounts

of tax expense appearing in the separate financial
statements of the parent and its subsidiaries/joint
ventures, as per their applicable laws.
13.
heefle Mesej Deee
13.
Earning per Share
13.1
yeQke DeeF&meerSDeeF& eje peejer uesKee ceeveke 20 - `heefle Mesej

Deee' kes Devegmeej heefle Mesej cetue Deewj kece ngF& Deee efjhees&
kejlee nw~ heefle Mesej cetue Deee keer ieCevee kejeshejeble efveJeue ueeYe
(DeuheebMe kees es[kej) kees Gme Je<e& kes efueS Mes<e F&eqkeJeer MesejeW
keer Yeeefjle Deewmele mebKee mes efJeYeeefpele kejkes keer peeleer nw~
13.1 The Bank reports basic and diluted earnings per

share in accordance with AS 20 -Earnings per Share
issued by the ICAI. Basic earnings per share are
computed by dividing the net profit after tax (other
than minority) by the weighted average number of
equity shares outstanding for the year.
13.2
kece keer ngF& heefle Mesej Deee en heoe|Mele kejleer nw efke eefo
heefleYetefleeeW DeLeJee Deve mebefJeoeDeeW kees Je<e& kes oewjeve peejer kejves
ee mebheefjJee|lele kejves kee efJekeuhe efueee ieee lees Mesej cetueeW ceW
efkeleveer keceer DeeSieer~ kece keer ngF& heefle Mesej Deee keer ieCevee
Je<e& kes Deble ceW yekeeee F&eqkeJeer MesejeW keer Yeeefjle Deewmele mebKee
Deewj kece mebYeeJevee Jeeues F&eqkeJeer MesejeW kes yeere leguevee kejkes
keer peeleer nw~
13.2 Diluted earnings per share reflect the potential

dilution that could occur if securities or other
contracts to issue equity shares were exercised or
converted during the year. Diluted earnings per share
are computed using the weighted average number
of equity shares and dilutive potential equity shares
outstanding at year end.
14.
heeJeOeeve, Deekeeqmceke oseleeSb Deewj Deekeeqmceke DeeeqmleeeB
14.
Provisions, Contingent Liabilities and Contingent Assets
14.1
14.1 In conformity with AS 29, Provisions, Contingent

Liabilities and Contingent Assets, issued by the
Institute of Chartered Accountants of India, the Bank
recognises provisions only when it has a present
obligation as a result of a past event, it is probable
that an outflow of resources embodying economic
benefits will be required to settle the obligation,
and when a reliable estimate of the amount of the
obligation can be made.
14.2 efvecveefueefKele
14.2 No provision is recognised for:
Yeejleere meveoer uesKeekeej mebmLeeve kes uesKee ceeveke 29 ``heeJeOeeve,

Deekeeqmceke oseleeSB Deewj Deekeeqmceke DeeeqmleeeB'' kes Devegmeej
peejer efheues heefjCeece mes Gle Jele&ceeve oeefelJe nesves hej ner yeQke
heeJeOeeveeW kee meceeJesMe kejlee nw, en mebYeJe nw efke oeefelJe keer
egkeewleer ceW Deee|Leke ueeYe kees meceeefJe< kejves Jeeues mebmeeOeveeW kes
yeefnie&ceve keer DeeJeMekelee he[sieer Deewj leYeer Fme oeefelJe jeefMe
kee efJeemle heekekeueve efkeee pee mekelee nw~
ieee nw
kes efueS efkemeer heeJeOeeve kee meceeJesMe veneR efkeee
i.
efheues heefjCeece mes Gle efkemeer mecYeeefJele oeefelJe kes

efueS Deewj yeQke kes efveeb$eCe mes yeenj nesves Jeeues Ske ee
DeefOeke Deefveeqele YeeJeer heefjCeeceeW keer heeeqhle ee Deheeeqhle
mes efpemekeer Hegef<keer pee mekesieer; DeLeJee
ii.
efkemeer Jele&ceeve oeefelJe kes efueS, pees efheues heefjCeeceeW

mes Gle nw, efkevleg Gmekee meceeJesMe veneR efkeee ieee nw,
keeeWefke
ke. en mebYeJe veneR nw efke oeefelJe kes efveOee&jCe ceW

Deee|Leke ueeYeeW kees meceeefJe< kejves Jeeues
mebmeeOeveeW kee yeefnie&ceve DeeJeMeke nesiee; DeLeJee
Ke. oeefelJe jeefMe kee efJeemle heekekeueve veneR efkeee

pee mekelee~
34
i.
any possible obligation that arises from past

events and the existence of which will be
confirmed only by the occurrence or nonoccurrence of one or more uncertain future
events not wholly within the control of the
group entities ; or
ii.
any present obligation that arises from past

events but is not recognised because
a.
it is not probable that an outflow

of resources embodying economic
benefits will be required to settle the
obligation; or
b.
a reliable estimate of the amount of

obligation cannot be made.

Ssmes oeefelJeeW kees Deekeeqmceke oseleeDeeW kes

he ceW ope& efkeee ieee nw. Fve oeefelJeeW kee
efveeefcele DeblejeueeW hej cetueebkeve efkeee peelee
nw Deewj Ssmes oeefelJe kes kesJeue Gme DebMe kee,
efpemekes Deee|Leke ueeYeeW kees meceeefJe< kejves Jeeues
mebmeeOeveeW kes yeefnie&ceve keer mebYeeJevee nw, efveleevle
efJejueer heefjeqmLeefleeeW, efpeveceW keesF& efJeemle
heekekeueve veneR efkeee pee mekelee nw, kees es[kej
heeJeOeeve efkeee ieee nw~

14.3 Deekeeqmceke DeeeqmleeeW kees efJeeere efJeJejCeeW ceW Meeefceue veneR efkeee
ieee nw~
15. Mesej peejer kejves kes Jee

Mesej peejer kejves kes Jee Mesej heerefceece Keeles ceW Kee& kes he ceW efoKeeS
ieS nQ~
35
Such obligations are recorded as

Contingent Liabilities. These are
assessed at regular intervals and only
that part of the obligation for which
an outflow of resources embodying
economic benefits is probable, is
provided for, except in the extremely
rare circumstances where no reliable
estimate can be made.
14.3 Contingent Assets are not recognised in the financial

statements.
15.
Share Issue Expenses
Share issue expenses are charged to the Share Premium

Account.
SCHEDULE 18
Devegmeteer 18
NOTES TO ACCOUNTS:
uesKee-efhheefCeeeB:
(Amount in Rupees in Crores)
(jeefMe kejes[ Hees ceW)

1. Gve Deveg<ebefieeeW/mebege GeceeW/meneesefieeeW keer meteer efpevnW Meeefceue kejkes
mecesefkele efJeeere efJeJejCe leweej efkeS ieS nQ:
1.1 mecee efvecveebefkele 28 Deveg<ebefieeeW, 8 mebege GeceeW Deewj 25 meneesefieeeW
(cetue mebmLee Yeejleere ms yeQke kes meeLe mecetn ceW meeqcceefuele) kees Meeefceue
efkeee ieee nw~ mecesefkele efJeeere efJeJejCe leweej kejles mecee efpemeceW 22
#es$eere eeceerCe yeQke Je<e& kes oewjeve Gvekes efJepee / yeefnie&ceve keer mebyebefOele
leejerKe mes leke meefcceefuele nw~
1. List of Subsidiaries/Joint Ventures/Associates considered for

preparation of consolidated financial statements:

A) Subsidiaries:
ke) Deveg<ebefieeeb
e
meb.
Deveg<ebieer kee veece
efveieceveosMe
mecetn kee efnmmee (%)

eeuet Je<e&
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
21)
22)
23)
24)
25)
26)
27)
28)
ms yeQke DeeHe yeerkeevesj SC[ peehegj

ms yeQke DeeHe nwojeyeeo
ms yeQke DeeHe cewmetj
ms yeQke DeeHe heefeeuee
ms yeQke DeeHe $eeJeCekeesj
SmeyeerDeeF& kewefheue ceekexdme efueefces[
SmeyeerDeeF& kewhe efmekeegefjerpe efueefces[
SmeyeerDeeF& kewhe ^mer kebheveer efueefces[
SmeyeerDeeF& kewhme JeWeme& efueefces[
SmeyeerDeeF& [erSHeSeDeeF& efueefces[
SmeyeerDeeF& cetegDeue Heb[ ^mer kebheveer
heeFJes efueefces[
SmeyeerDeeF& iueesyeue Hewkeme& efueefces[
SmeyeerDeeF& heWMeve HeC[dme hee. efueefces[
SmeyeerDeeF& Smepeer iueesyeue efmekeegefjerpe
meefJe&mesme hee. efueefces[@
SmeyeerDeeF& pevejue FbMeesjWme kebheveer efue.@
SmeyeerDeeF& hesceW mee|Jemespe hee. efue.
ms yeQke DeeHe Fbef[ee (kevee[e)
ms yeQke DeeHe Fbef[ee (kewuesHeesefve&ee)
SmeyeerDeeF& (cee@jerMeme) efue.
heerer yeQke SmeyeerDeeF& Fb[esvesefMeee
SmeyeerDeeF& kewhe (etkes) efue.
SmeyeerDeeF& kee[dme& SC[ hesceW meefJe&mespe
heeFJes efueefces[
SmeyeerDeeF& Heb[dme cewvespeceW hee. efue.@
SmeyeerDeeF& ueeFHe FbMeesjWme keb. efue.@
kecee|Meeue yeQke DeeHe Fbef[ee SueSuemeer
cee@mkees@
vesheeue SmeyeerDeeF& yeQke efue.
SmeyeerDeeF& Heb[dme cewvespeceW (FbjvesMeveue)
hee. efue.@
SmeyeerDeeF& kewhe (eEmeieehegj) efue.
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
kevee[e
etSmeS
cee@jerMeme
Fb[esvesefMeee
etkes
Yeejle
Yeejle
Yeejle
me
vesheeue
cee@jerMeme
eEmeieehegj
1.1 The 28 Subsidiaries, 8 Joint Ventures and 25 Associates including

22 Regional Rural Banks from/upto respective dates of merger/
exit during the year (which along with State Bank of India, the
parent, constitute the Group), considered in the preparation of
the consolidated financial statements, are
S.
Name of the Subsidiary
No.
Country of
Incorporation
efheuee Je<e&
Groups Stake (%)

Current
Year
Previous
Year
75.07
75.07
1)
State Bank of Bikaner & Jaipur
India
75.07
75.07
100.00
100.00
2)
State Bank of Hyderabad
India
100.00
100.00
92.33
92.33
3)
State Bank of Mysore
India
92.33
92.33
100.00
100.00
4)
State Bank of Patiala
India
100.00
100.00
75.01
75.01
5)
State Bank of Travancore
India
75.01
75.01
100.00
100.00
100.00
100.00
6)
SBI Capital Markets Ltd.
India
100.00
100.00
100.00
100.00
7)
SBICAP Securities Ltd.
India
100.00
100.00
8)
SBICAP Trustee Company Ltd.
India
100.00
100.00
9)
SBICAPS Ventures Ltd.
India
100.00
100.00
10)
SBI DFHI Ltd.
India
71.56
71.56
100.00
100.00
71.56
71.56
100.00
100.00
11)
SBI Mutual Fund Trustee Company Pvt Ltd.
India
100.00
100.00
86.18
86.18
12)
SBI Global Factors Ltd.
India
86.18
86.18
92.60
98.15
13)
SBI Pension Funds Pvt Ltd.
India
92.60
98.15
65.00
65.00
14)
SBI SG Global Securities Services Pvt. Ltd. @
India
65.00
65.00
15)
SBI General Insurance Company Ltd. @
India
74.00
74.00
74.00
74.00
100.00
100.00
16)
SBI Payment Services Pvt. Ltd.
India
100.00
100.00
100.00
100.00
17)
State Bank of India (Canada)
Canada
100.00
100.00
100.00
100.00
18)
State Bank of India (California)
USA
100.00
100.00
93.40
93.40
19)
SBI (Mauritius) Ltd.
Mauritius
93.40
93.40
76.00
76.00
20)
PT Bank SBI Indonesia
Indonesia
76.00
76.00
100.00
100.00
21)
SBICAP (UK) Ltd.
U.K.
100.00
100.00
60.00
60.00
22)
SBI Cards and Payment Services Pvt. Ltd. @
India
60.00
60.00
SBI Funds Management Pvt. Ltd. @
India
63.00
63.00
63.00
63.00
23)
74.00
74.00
24)
SBI Life Insurance Company Ltd. @
India
74.00
74.00
25)
Commercial Bank of India Llc. , Moscow @
Russia
60.00
60.00
60.00
60.00
26)
Nepal SBI Bank Ltd.
Nepal
55.28
55.05
55.28
55.05
27)
SBI Funds Management (International) Private

Ltd. @
Mauritius
63.00
63.00
63.00
63.00
100.00
100.00
SBICAP (Singapore) Ltd.
Singapore
100.00
100.00
28)
@ Represents companies which are jointly controlled entities in terms

of the shareholders agreement. However, the same are consolidated as
subsidiaries in accordance with AS 21 Consolidated Financial Statements
as SBI is holding in these companies in excess of 50%.
Ssmeer kebheefveeeB pees MesejOeejke kejej kes Devegmeej mebege efveeb$eCe Jeeueer FkeeFeeb nQ~
efHej Yeer es èfJeeere efJeJejCeeW kee meceskeve' mes mebyebefOele SSme 21 kes Devegmeej mecesefkele
keer ieF& nQ keeeWefke Yeejleere ms yeQke keer Fve kebheefveeeW ceW 50% mes DeefOeke efnmmesoejer nw~
36

B)
Ke) mebege Gece

e. mebege Gece kee veece
meb.
efveieceveosMe
1)
Yeejle
Yeejle
2)
3)
4)
5)
6)
6)
7)
8)
meer-Spe skeveesuee@peerme efueefces[

peerF& kewefheue efyepevesme heesmesme cewvespeceW
mee|Jemespe heeFJes efueefces[
SmeyeerDeeF& cewkeJesjer FbHeem^keej cewvespeceW
hee.efue.
SmeyeerDeeF& cewkeJesjer FbHeem^keej ^mer hee.efue.
cewkeJesjer SmeyeerDeeF& FbHeem^keej
cewvespeceW hee.efue.
cewkeJesjer SmeyeerDeeF& FbHeem^keej ^mer efue.
Deesceeve Fbef[ee peeFb FvJesmceW Heb[-^mer
kecheveer hee. efue.
Deesceeve Fbef[ee peeFb FvJesmceW Heb[-cewvespeceW
kecheveer hee. efue.
ie) meneesieer
e. meneesieer kee veece
meb.
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
21)
22)
23)
24)
25)
DeebOe heosMe ieeceerCe efJekeeme yeQke

DeCeeeue heosMe jue yeQke
eermeie{ ieeceerCe yeQke
FueekeeF& osneleer yeQke
cesIeeuee jue yeQke
ke=<Cee ieeceerCe yeQke
ueebieheer osnebieer jue yeQke
ceOeebeue ieeceerCe yeQke
efcepeesjce jue yeQke
veeieeueQ[ jue yeQke
heJe&leere ieeceerCe yeQke (14.02.2013 leke)
hetJeeeue #es$eere ieeceerCe yeQke
mecemleerhegj #es$eere ieeceerCe yeQke (14.02.2013 leke)
Glkeue ieeceerCe yeQke
GejebeueKeb[ ieeceerCe yeQke
Jeveebeue ieeceerCe yeQke
meewje<^ ieeceerCe yeQke (07.10.2012 leke)
ceOeje ieeceerCe yeQke
efJeefoMee Yeesheeue #es$eere ieeceerCe yeQke
[skekeve ieeceerCee yeQke
keeJesjer keuhele ieeceerCee yeQke
ceeueJee ieeceerCe yeQke
efo eqkeueeeEjie keeheexjsMeve DeeHe Fbef[ee
efueefces[
yeQke DeeHe Yeteve efue.
SmeyeerDeeF& nesce HeeFveQme efueefces[

eeuet Je<e&
49.00
40.00
efheuee Je<e&
49.00
eEmeieehegj
yesjcegoe
Yeejle
Yeejle
Country of
Incorporation
Groups Stake (%)

Current
Year
Previous
Year
1)
C - Edge Technologies Ltd.
India
49.00
49.00
2)
GE Capital Business Process Management

Services Pvt Ltd.
India
40.00
40.00
3)
SBI Macquarie Infrastructure Management

Pvt. Ltd.
India
45.00
45.00
India
45.00
45.00
40.00
Yeejle
Yeejle
Joint Ventures:
S.
Name of the Joint Venture
No.
45.00
45.00
45.00
45.00
4)
SBI Macquarie Infrastructure Trustee Pvt. Ltd.
45.00
45.00
5)
45.00
45.00
Macquarie SBI Infrastructure Management

Pte. Ltd.
Singapore
45.00
45.00
50.00
50.00
6)
Macquarie SBI Infrastructure Trustee Ltd.
Bermuda
45.00
45.00
7)
Oman India Joint Investment Fund

Management Company Pvt. Ltd.
India
50.00
50.00
8)
Oman India Joint Investment Fund Trustee

Company Pvt. Ltd.
India
50.00
50.00
50.00
50.00
50.00
50.00
C) Associates:
efveieceveosMe
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeejle
Yeteve
Yeejle

eeuet Je<e&
S.
Name of the Associate
No.
efheuee Je<e&
Country of
Incorporation
Groups Stake (%)

Current
Year
Previous
Year
35.00
1)
Andhra Pradesh Grameena Vikas Bank
India
35.00
35.00
35.00
35.00
2)
Arunachal Pradesh Rural Bank
India
35.00
35.00
35.00
35.00
3)
Chhattisgarh Gramin Bank
India
35.00
35.00
35.00
35.00
4)
Ellaquai Dehati Bank
India
35.00
35.00
35.00
35.00
5)
Meghalaya Rural Bank
India
35.00
35.00
35.00
35.00
6)
Krishna Grameena Bank
India
35.00
35.00
35.00
35.00
7)
Langpi Dehangi Rural Bank
India
35.00
35.00
35.00
35.00
8)
Madhyanchal Gramin Bank
India
35.00
35.00
35.00
35.00
9)
Mizoram Rural Bank
India
35.00
35.00
35.00
35.00
10)
Nagaland Rural Bank
India
35.00
35.00
35.00
35.00
11)
Parvatiya Gramin Bank (upto 14.02.2013)
India
35.00
35.00
35.00
35.00
12)
Purvanchal Gramin Bank
India
35.00
35.00
35.00
35.00
13)
India
35.00
35.00
35.00
35.00
Samastipur Kshetriya Gramin Bank (upto

14.10.2012)
35.00
35.00
14)
Utkal Grameen Bank
India
35.00
35.00
35.00
35.00
15)
Uttarakhand Gramin Bank
India
35.00
35.00
35.00
35.00
16)
Vananchal Gramin Bank
India
35.00
35.00
35.00
35.00
17)
Saurashtra Gramin Bank
India
35.00
35.00
26.27
26.27
18)
India
35.00
35.00
35.00
35.00
Vidisha Bhopal Kshetriya Gramin Bank (upto

07.10.2012)
32.32
32.32
19)
Marudhara Gramin Bank
India
26.27
26.27
35.00
35.00
20)
Deccan Grameena Bank
India
35.00
35.00
29.22
29.22
21)
Kaveri Grameena Bank
India
32.32
32.32
22)
Malwa Gramin Bank
India
35.00
35.00
29.22
35.00
20.00
20.00
23)
The Clearing Corporation of India Ltd.
25.05
25.05
24)
Bank of Bhutan Ltd.
25)
SBI Home Finance Ltd.
a.
SBI Capital Markets Ltd., a wholly owned subsidiary of SBI, has

infused additional equity capital in SBICAP Securities Ltd. and SBICAP
(Singapore) Ltd., step-down subsidiaries of SBI, of ` 25.00 crore and
` 7.51 crore respectively.
b.
SBI Capital Markets Ltd. and SBI Funds Management Pvt. Ltd.,
subsidiaries of SBI, have invested an additional amount of ` 5 crore
each in SBI Pension Funds Pvt. Ltd. and no further investment is made
by SBI. Hence, the Groups stake in SBI Pension Funds Pvt. Ltd. has
reduced from 98.15% to 92.60%.
ke. SmeyeerDeeF& kewefHeue ceekexdme efue., pees Yeejleere ms yeQke keer Ske HetCe& mJeeefcelJe
Jeeueer Deveg<ebieer nw, ves Smeyeer DeeF& keer GHe-Deveg<ebieer mebmLeeDeeW SmeyeerDeeF& kewHe
efmekeegefjerpe efue. Deewj SmeyeerDeeF& kewHe (efmebieeHegj) efue. ceW eceMe ` 25.00
kejes[ Deewj ` 7.51 kejes[ keer Deefleefjkele F&efkeJeer Hetbpeer ueieeF&~
Ke. SmeyeerDeeF& keer Deveg<ebefieeeW SmeyeerDeeF& kewefHeue ceekexdme efue. Deewj SmeyeerDeeF&
Heb[dme cewvespeceW ee.efue. ceW mes eleske ves SmeyeerDeeF& HeWMeve Heb[dme ee. efue. ceW ` 5
kejes[ keer Deefleefjkele jeefMe kee efveJesMe efkeee Deewj SmeyeerDeeF& ves FmeceW Deewj efveJesMe
venerb efkeee~ FmeefueS mecetn keer SmeyeerDeeF& HeWMeve Heb[dme ee. efue. ceW efnmmesoejer
98.15% mes Iekej 92.60% jn ieF&~
37
India
29.22
Bhutan
20.00
20.00
India
25.05
25.05
ie. peerF& kewefHeue efyepevesme eesmesme cewvespeceW meefJe&mespe ee. efue., pees Yeejleere ms yeQke
kee Ske mebegkele Gece nw, ves Yeejleere ms yeQke kees SmeyeerDeeF& keer MesejOeeefjlee
(40%) kes DevegHeele ceW ` 141/- eefle Mesej keer oj mes 13,59,598 F&efkeJeer
MesejeW kes efueS JeeHemeer Kejero kee emleeJe efkeee nw~
Ie. Je<e& kes oewjeve, SmeyeerDeeF& ves Deewj osMe ceW efmLele yeQefkebie Deveg<ebefieeeW ves Gvekes eje
eeeesefpele efvecveefueefKele #es$eere ieeceerCe yeQkeeW ceW Deefleefje hetbpeer efveefJe keer
` kejes[ ceW
#es$eere ieeceerCe yeQke
jeefMe
1.17
efce]peesjce jue yeQke
9.14
ceOeebeue ieeceerCe yeQke
16.50
Glkeue ieeceerCe yeQke
4.95
GejKeb[ ieeceerCe yeQke
23.45
ceOeeje ieeceerCe yeQke
8.50
keeJesjer ieeceerCe yeQke
63.71
eesie
* Je<e& kes oewjeve Sve yeer DeeF& ves efvecveevegmeej leerve #es$eere ieeceerCe yeQkeeW ceW DeHevee efnmmee
efJekece kej efoee
` kejes[ ceW
#es$eere eeceerCe yeQke
yener cetue efJeee cetue
24.08
24.08
mecemleerHegj eeceerCe yeQke #es$eere
2.19
2.19
efJeefoMee YeesHeeue #es$eere eeceerCe yeQke
1.32
1.32*
HeJe&leere eeceerCe yeQke
27.59
27.59
eesie

* jeefMe 31 ceee& 2013 keer efmLeefle kes Devegmeej Deye leke HeeHle vener ngF& nw.
c.
GE Capital Business Process Management Services Pvt. Ltd., a joint

venture of SBI, has given a buyback offer for 13,59,598 equity shares
to SBI at the rate of ` 141/- per share in proportion of SBIs holding
(40%) .
d.
During the year, SBI and domestic banking subsidiaries has infused
the following additional capital in the Regional Rural Bank (RRBs)
sponsored by them :` In crores
Regional Rural Banks
Mizoram Rural Bank
Utkal Grameen Bank
Total
e.
Amount
1.17
9.14
16.50
4.95
23.45
8.50
63.71
During the year, SBI has off-loaded its stake in three RRBs as per
details given below:` In crores
Samastipur Kshetriya Gramin Bank
Vidisha Bhopal Kshetriya Gramin Bank
Parvatiya Gramin Bank
Total
Book Value
24.08
2.19
1.32
27.59
Sales Value
24.08
2.19
1.32*
27.59
*Amount yet to be received as on March 31, 2013.
e. Yeejle mejkeej eje peejer DeefOemeteveeDeeW kes Devegmeej SmeyeerDeeF& Deewj Fmekeer osMe ceW efmLele yeQefkebie Deveg<ebefieeeW eje Heeeesefpele #es$eere ieeceerCe yeQkeeW Deewj Deve yeQkeeW eje Heeeesefpele
#es$eere ieeceerCe yeQkeeW kes yeere efvecveefueefKele meceecesueve ngS:f.
In accordance with notifications issued by Govt. of India, the following amalgamations have taken place in between the Regional Rural Banks (RRBs)
sponsored by SBI & its domestic banking subsidiaries, and RRBs sponsored by other banks :-
Gve #es$eere eeceerCe yeQkeeW kes meceecesueve kee yeesj efvecveevegmeej nw efpeveceW Debleefjleer #es$eere eeceerCe yeQke SmeyeerDeeF& Deewj osMe ceW efmLele Gmekeer yeQefkebie Deveg<ebefieeeW eje eeeesefpele nQ-
The details of amalgamation of RRBs, where the transferee RRBs are sponsored by SBI and its domestic banking subsidiaries, are as below:-
e. DeblejCekelee& #es$eere eeceerCe yeQkee kee veece

meb. Name of transferor RRBs
Sr.
No.
1
ceOe Yeejle eeceerCe yeQke
Madhya Bharat Gramin Bank
Meejoe eeceerCe yeQke
etefveeve yeQke Dee@He Fbef[ee

Yeejleere ms yeQke
yeQke Dee@He ye[ewoe
Bank of Baroda
Yeejleere ms yeQke
Utkal Gramya Bank
State Bank of India
$eef<ekeguee eeceerCe yeQke
Deeb yeQke
Rushikulya Gramya Bank
Andhra Bank
keeJesjer keuHele eeceerCe yeQke
cewmetj ms yeQke
Chikmagalur Kodagu Grameena Bank
efJeMJesMJeee& eeceerCe yeQke
Visveshvaraya Grameena Bank
Scepeeryeer eeceerCe yeQke
MGB Gramin Bank
peeHegj Leej eeceerCe yeQke
Jaipur Thar Gramin Bank
Madhyanchal Gramin
Bank
GejeKeb[ eeceerCe yeQke
State Bank of India
Glkeue eeceerCe yeQke
efekecebieuetj kees[iet eeceerCe yeQke
meceescesueve keer eYeeJeer efleefLe
Yeejleere ms yeQke
1 veJebyej 2012
1 November 2012
Yeejleere ms yeQke
1 veJebyej 2012
1 November 2012
Yeejleere ms yeQke
1 veJebyej 2012
1 November 2012
ms yeQke Dee@He cewmetj
1 veJebyej 2012
1 November 2012
Sponsor Bank of
transferee RRBs
Effective Date of
Amalgamation
State Bank of India
Union Bank of India
Nainital Almora Kshetriya Gramin Bank
Cauvery Kalpatharu Grameena Bank
ceOeebeue eeceerCe yeQke
Fueeneyeeo yeQke
jsJee efmeer eeceerCe yeQke

Gejeeue eeceerCe yeQke
Debleefjleer#es yeQkeeW kes

eeeesspeke yeQke
Yeejleere ms yeQke
State Bank of India

Allahabad Bank
vewveerleeue Deuecees[e #es$eere eeceerCe yeQke
New Name after

Amalgamation of RRBs
Sharda Gramin Bank
Uttaranchal Gramin Bank
DeblejCekelee& #es$eere ieeceerCe yeQke kee Heeeespeke yeQke kes meceecesueve

Sponsor Bank of transferor RRBs
kes yeeo veee veece
Glkeue eeceerCe yeQke
Utkal Grameen Bank
State Bank of India
State Bank of India
kee@HeexjsMeve yeQke
keeJesjer eeceerCee yeQke
Corporation Bank
ceOeje eeceerCe yeQke
yeerkeevesj Deewj peeHegj ms

yeQke Dee@He
efJepeee yeQke
Vijaya Bank
yeerkeevesj Deewj peeHetj ms yeQke Dee@He
State Bank of Bikaner and Jaipur
etkees yeQke
UCO Bank
38
State Bank of Bikaner and

Jaipur
25 HejJejer 2013
25 February 2013

Gve #es$eere eeceerCe yeQkeeW kes meceecesueve kee yeesje efvecveevegmeej nw efpeveces Debleefjleer #es$eere eeceerCe yeQke SmeyeerDeeF& Deewj osMe ceW efmLele Gmekeer yeQefkebie Deveg<ebefieeeW eje eeeesefpele nQ
The details of amalgamation of RRBs where the transferee RRBs are not sponsored by SBI and its domestic banking subsidiaries, are as below:-
e. DeblejCekelee& #es$eere eeceerCe yeQkee kee veece

meb. Name of transferor RRBs
Sr.
No.
1
efJeefoMee YeesHeeue #es$eere eeceerCe yeQke
Vidisha Bhopal Kshetriya Gramin Bank
meleHeg[e vece&oe #es$eere eeceerCe yeQke
Satpura Narmada Kshetriya Gramin Bank
cenekeewMeue #es$eere eeceerCe yeQke
Mahakaushal Kshetriya Gramin Bank

2
mecemleerHegj #es$eere eeceerCe yeQke
Samastipur Kshetriya Gramin Bank
efyenej #es$eere eeceerCe yeQke
Bihar Kshetriya Gramin Bank

3
HeJe&leere eeceerCe yeQke
DeblejCekelee& #es$eere ieeceerCe yeQke kee Heeeespeke yeQke kes meceecesueve

Sponsor Bank of transferor RRBs
kes yeeo veee veece
New Name after
Amalgamation of RRBs
Yeejleere ms yeQke
State Bank of India

Central Bank of India
Central Madhya Pradesh

Gramin Bank
etkees yeQke
Central Bank of India
meceescesueve keer eYeeJeer efleefLe

Effective Date of
Amalgamation
8 Dekeletyej 2012
8 October 2012
UCO Bank
Yeejleere ms yeQke
State Bank of India
yeernej eeceerCe yeQke
etkees yeQke
Bihar Gramin Bank
Yeejleere ms yeQke
efnceeeue eosMe eeceerCe

yeQke
etkees yeQke
15 Dekeletyej 2012
15 October 2012
Hebpeeye vesMeveue yeQke
15 HejJejer 2013
15 February 2013
UCO Bank
UCO Bank
State Bank of India
efnceeeue eeceerCe yeQke
Hebpeeye vesMeveue yeQke
Himachal Pradesh Gramin

Bank
Punjab National Bank
1.2
SmeyeerDeeF& nesce HeeFveQme efue., pees SmeyeerDeeF& keer Ske meneesieer nw, keer
meceeheve eeefekee efoveebke 23 efmelebyej 2008 kees keesuekeelee Ge veeeeuee
ceW oeej keer ieF& Leer~ ceeveveere veeeeuee ves kebheveer kes meceeheve nsleg efveoxMe
osles ngS 31 ceee& 2009 kees Ske DeeosMe heeefjle efkeee nw~
1.3
yeQke Dee@He Yeteve efue., pees SmeyeerDeeF& kee meneesieer nw, hewjW yeQke mes efYeVe
uesKee Je<e& (iesiesefjeve kewueW[j Je<e&) kee Devegheeueve kejlee nw~ leovegmeej, Fme
meneesieer kes efJeeere efJeJejCe 31 efomebyej 2012 keer eqmLeefle kes Devegmeej leweej
efkeS ieS nQ~
2.
Mesej hetbpeer
2.1
Je<e& kes oewjeve, Yeejleere ms yeQke ves heefle Mesej ` 10/- cetue kes
1,29,88,697 Mesej, ` 2,302.78 heefle F&eqkeJeer Mesej kes vekeo heerefceece
hej kegue ` 3,004/- kejes[ ceW Yeejle mejkeej kees DeefOeceeveer Deeyebve kes
Debleie&le Deeyebefle efkeS~ Yeejle mejkeej mes heehle kegue ` 3,004/- kejes[ ceW
mes ` 12.99 kejes[ keer jeefMe Mesej kewefheue Keeles ceW leLee Mes<e ` 2,991.01
kejes[ keer Mesej heerefceece Keeles ceW Debleefjle keer ieF&~
2.2
2.3
2.4 ` 3.73
3.
kece&eejer - efnleueeYe
3.1.1
Punjab National Bank
1.2 The winding up petition of SBI Home Finance Ltd., an associate

of SBI, was filed with the Kolkata High Court on September 23,
2008. The Honble Court has passed an order on March 31,
2009 giving direction for winding up of the company.
1.3 Bank of Bhutan Ltd., an associate of SBI follows accounting year
(Gregorian Calendar Year) different from that of the parent.
Accordingly, the financial statements of the associate are made
as of December 31, 2012.
2.
Share capital:
2.1 During the year, SBI has allotted 1,29,88,697 shares of ` 10/each for cash at a premium of ` 2,302.78 per equity share
aggregating to ` 3,004/- crore under Preferential Allotment to
GOI. Out of the total subscription of ` 3,004/- crore received
from GOI, an amount of ` 12.99 crore was transferred to
Share Capital Account and ` 2,991.01 crore to Share Premium
Account.
SmeyeerDeeF& ves SmeyeerDeeF& jeFdme FMet 2008 kes Debleie&le jeskekej jKes ieS
MesejeW ceW mes kegue ` 6,93,240/- kes F&eqkeJeer Mesej ` 1,580/- heefle F&eqkeJeer
Mesej kes vekeo heerefceece kes meeLe ` 10/- heefle Mesej Jeeues 436 F&eqkeJeer
Mesej Deeyebefle efkeS~ heehle ngS `6,93,240/- kes kegue DebMeoeve ceW mes
`4,360/- Mesej hetbpeer Keeles ceW Deewj `6,88,880/- Mesej heerefceece Keeles
ceW Debleefjle efkeS~
2.2 SBI has allotted 436 equity shares of ` 10/- each for cash at
a premium of ` 1,580/- per equity share aggregating to
`6,93,240/- out of shares kept in abeyance under Right Issue
2008. Out of the total subscription of ` 6,93,240/- received,
` 4,360/- was transferred to Share Capital Account and
`6,88,880/- to Share Premium Account.
SmeyeerDeeF& ves jeFdme FMet kes Ske Yeeie kes he ceW peejer heefle ` 10/-kes
(efheues Je<e& 83,511) F&eqkeJeer MesejeW kee Deeyebve jeskekej jKee
nw, keeeWefke Fvekes nke efJeJeeo ee veeefeke heefeeeSB eue jner nQ~
2.3 SBI has kept in abeyance the allotment of 83,075 (Previous Year
83,511) Equity Shares of ` 10/- each issued as a part of Rights
issue, since they are subject to title disputes or are subjudice.
2.4 Expenses in relation to the issue of shares of ` 3.73 crore

debited to Share Premium Account.
3.
Employee Benefits
efveele efnleueeYe eespeveeSB
3.1.1
efvecveleeefuekee ceW uesKee ceeveke-15 (mebMeesefOele 2005) keer Dehes#eevegmeej

efveele efnleueeYe heWMeve eespevee Deewj ieseger eespevee keer eqmLeefle heoefMe&le keer
ieF& nw
3.1.1.1 The following table sets out the status of the Defined Benefit
Pension Plan and Gratuity Plan as required under AS 15
(Revised 2005):-
83,075
efkeS~
Sponsor Bank of
transferee RRBs
meWûe ceOe eosMe eeceerCe

meWûe yeQke Dee@He Fbef[ee
yeQke
meWûe yeQke Dee@He Fbef[ee
Parvatiya Gramin Bank

Himachal Gramin Bank
Debleefjleer#es yeQkeeW kes

eeeesspeke yeQke
kejes[ kes Mesej efveie&ce mebyebOeer Kee& Mesej heerefceece Keeles kes veeces
39
Defined Benefit Plans

`
efJeJejCe
efveele efnleueeYe - oeefelJe kes
Jele&ceeve cetue ceW heefjJele&ve
1 Dehewue 2012 kees heejbefYeke efveele
efnleueeYe oeefelJe
efJeuee Deewj DeefOeienCe hej oselee
Jele&ceeve mesJee ueeiele
yeepe ueeiele
efheueer mesJee ueeiele (efveefnle ueeYe)
yeerceebefkeke neefveeeb / (ueeYe)
heoe efnleueeYe
SmeyeerDeeF& yeQke eje hele#e Yegieleeve
31 ceee& 2013 kees Debeflece efveele
efnleueeYe oeefelJe
eespevee DeeeqmleeeW ceW heefjJele&ve
1 Dehewue 2012 kees eespevee DeeeqmleeeW
kee DeejbefYeke Gefele cetue
efJeuee Deewj DeefOeienCe DeeeqmleeeW kee
nmleeblejCe
eespevee DeeeqmleeeW hej heleeefMele
heefleueeYe
efveeeskeleeDees eje DebMeoeve
heoe efnleueeYe
eespevee yeerceebefkeke ueeYe / (neefveeeB)
31 ceee& 2013 kees eespevee DeeeqmleeeW
kes Gefele cetue kee FefleMes<e
oeefelJe kes Jele&ceeve cetue leLee
eespevee DeeeqmleeeW kes Gefele cetue
kee meceeOeeve
31 ceee& 2013 kees efveefOeke oeefelJe
kee Jele&ceeve cetue
31 ceee& 2013 kees eespevee DeeeqmleeeW
kee Gefele cetue
keceer/ (DeefOeMes<e )
uesKes ces veneR ueer ieF& efJeiele mesJee
ueeiele (efveefnle) FefleMes<e
efveJeue oselee / (Deeeqmle)
leguevehe$e ceW ueer ieF& jeefMe
oseleeSB
DeeeqmleeeB
leguevehe$e ceW Meeefceue efveJeue oselee /
(Deeeqmle)
Meeefceue veneR keer ieF& efheueer mesJee
ueeiele (efveefnle) Debeflece Mes<e
efveJeue oselee / (Deeeqmle)
ueeYe Deewj neefve Keeles ceW Meeefceue
efveJeue ueeiele
yeepe ueeiele
eespevee - DeeeqmleeeW hej heleeefMele
heefleueeYe
Meeefceue keer ieF& efheueer mesJee ueeiele
(HeefjMeesefOele)
heWMeve eespeveeSB
eeuet Je<e& efheuee Je<e&
kejes[ ceW
` in crores
ieseger
Particulars
Pension Plans
Gratuity Plan
Current Year
Previous Year
Current Year
Previous Year
45,956.37
41,829.01
8,514.31
7,657.28
Change in the present value of the

defined benefit obligation
45,956.37
41,829.01
8,514.31
7,657.28
Nil
25.03
Nil
131.09
1,501.20
1,372.84
322.54
323.20
4,002.80
3,589.99
722.16
655.56
Nil
82.00
Nil
Nil
1,438.89
1,545.71
524.97
421.85
(556.85)
(1,556.33)
(796.75)
(674.67)
(2232.47)
(931.88)
Nil
Nil
50,109.94
45,956.37
9,287.23
Opening defined benefit obligation

at 1st April 2012
Nil
25.03
Nil
131.09
Current Service Cost
Liability on merger and acquisition
1,501.20
1,372.84
322.54
323.20
Interest Cost
4,002.80
3,589.99
722.16
655.56
Past Service Cost (Vested Benefit)

Actuarial losses / (gains)
Benefits paid
8,514.31
Nil
82.00
Nil
Nil
1,438.89
1,545.71
524.97
421.85
(556.85)
(1,556.33)
(796.75)
(674.67)
Direct Payment by SBI
(2232.47)
(931.88)
Nil
Nil
Closing defined benefit obligation at

31st March 2013
50,109.94
45,956.37
9,287.23
8,514.31
35,877.71
22,890.06
7,153.07
5,427.96
Change in Plan Assets

35,877.71
22,890.06
7,153.07
5,427.96
Nil
25.03
Nil
2.16
Nil
25.03
Nil
2.16
3,082.04
1,947.08
608.73
462.84
Contributions by employer
5,737.17
11,797.59
1,547.54
1,770.95
Benefits Paid
(556.85)
(1,556.33)
(796.75)
(674.67)
163.83
Actuarial Gains / (Losses) on plan

assets
575.26
774.28
82.66
163.83
7,153.07
Closing fair value of plan assets at

31st March 2013
44,715.33
35,877.71
8,595.25
7,153.07
1,947.08
608.73
462.84
5,737.17
11,797.59
1,547.54
1,770.95
575.26
44,715.33
(1,556.33)
774.28
35,877.71
(796.75)
82.66
8,595.25
Assets transferred on merger and

acquisition
Expected Return on Plan assets
3,082.04
(556.85)
Opening fair value of plan assets at

1st April 2012
(674.67)
Reconciliation of present value of

the obligation and fair value of the
plan assets
50,109.94
45,956.37
9,287.23
8,514.31
Present Value of Funded obligation

at 31st March 2013
50,109.94
45,956.37
9,287.23
8,514.31
44,715.33
35,877.71
8,595.25
7,153.07
5,394.61
10,078.66
691.98
1,361.24
374.19
424.49
303.18
442.42
5,020.42
9,654.17
388.80
918.82
Liabilities
50,109.94
45,956.37
9,287.23
8,514.31
Assets
44,715.33
35,877.71
8,595.25
7,153.07
5,394.61
10,078.66
691.98
1,361.24
44,715.33
35,877.71
8,595.25
7,153.07
Fair Value of Plan assets at 31st

March 2013
5,394.61
10,078.66
691.98
1,361.24
Deficit/(Surplus)
374.19
424.49
303.18
442.42
Unrecognised Past Service Cost

(Vested) Closing Balance
5,020.42
9,654.17
388.80
918.82
Net Liability/(Asset )
50,109.94
45,956.37
9,287.23
8,514.31
44,715.33
35,877.71
8,595.25
7,153.07
5,394.61
10,078.66
691.98
1,361.24
374.19
424.49
303.18
442.42
5,020.42
9,654.17
388.80
918.82
1,501.20
1,372.84
322.54
323.20
4,002.80
3,589.99
722.16
655.56
Amount Recognised in the Balance

Sheet
Net Liability / (Asset) recognised in

Balance Sheet
Unrecognised Past Service Cost
(Vested) Closing Balance
Net Liability/ (Asset)
374.19
424.49
303.18
442.42
5,020.42
9,654.17
388.80
918.82
1,501.20
1,372.84
322.54
323.20
Net Cost recognised in the profit

and loss account
Interest Cost
(3,082.04)
(1,947.08)
(608.73)
(462.84)
Expected return on plan assets
187.10
151.91
151.59
136.53
Past Service Cost (Amortised)

Recognised
40
4,002.80
3,589.99
722.16
655.56
(3,082.04)
(1,947.08)
(608.73)
(462.84)
187.10
151.91
151.59
136.53

`
efJeJejCe
Meeefceue keer ieF& efheueer mesJee ueeiele
(efveefnle efnleueeYe)
hetJe&Jeleea Je<eeX kes Deefleefje heeJeOeeve
keer heefleJee|lele jeefMe
Je<e& kes oewjeve Meeefceue efveJeue
yeerceebefkeke DeefmLeeeB (ueeYe)
efveele efnleueeYe eespeveeDeeW keer kegue
ueeiele Devegmeteer 16 `kece&eeefjeeW kees
Yegieleeve Deewj Gvekes efueS heeJeOeeve'
ceW Meeefceue keer ieF& nw.
heefleueeYe Deewj JeemleefJeke
heefleueeYe kee meceeOeeve
heefleueeYe
eespevee DeeeqmleeeW hej yeerceebefkeke
ueeYe / (neefve)
eespevee DeeeqmleeeW hej JeemleefJeke
heefleueeYe
leguevehe$e ceW Meeefceue efveJeue oselee
/ (Deeeqmle) kes heejbefYeke Deewj
Debeflece Mes<e kee meceeOeeve
1 Dehewue 2012 keer eqmLeefle kes Devegmeej
efveJeue heejbefYeke oselee
ueeYe Deewj neefve Keeles ceW Meeefceue
Jee
efJeuee Deewj DeefOeienCe Hej efveJeue
oselee
SmeyeerDeeF& eje meerOes Yegieleeve efkeee
ieee
efveeeseeDeeW kee DebMeoeve
efheueer mesJee ueeiele
leguevehe$e ceW Meeefceue efveJeue oselee/
(Deeeqmle)
heWMeve eespeveeSB
kejes[ ceW
` in crores
ieseger
Particulars
Previous Year
Current Year
Previous Year
Nil
Nil
Past Service Cost (Vested Benefits)

Recognised
Nil
82.00
Nil
Nil
Nil
(32.71)
Nil
Nil
Excess Provision of Earlier Years

reversed
Nil
(32.71)
Nil
Nil
863.63
771.43
442.31
258.02
863.63
771.43
442.31
258.02
3,472.69
3,988.38
1,029.87
910.47
3,082.04
1,947.08
608.73
462.84
575.26
774.28
82.66
163.83
3,657.30
2,721.36
691.39
626.67
Opening Net Liability as at 1st

April 2012
9,233.55
17,953.63
854.05
1,600.54
Expenses as recognised in profit and

loss account
3,472.69
3,988.38
1,029.87
910.47
Nil
Nil
Nil
128.93
3,472.69
3,988.38
1,029.87
Net Actuarial Losses / (Gains)

recognised during the year
Total costs of defined benefit plans
included in Schedule 16 Payments
to and provisions for employees
910.47
Reconciliation of expected return

and actual return on Plan Assets
Expected Return on Plan Assets
3,082.04
1,947.08
608.73
462.84
Actuarial Gains/ (Losses) on Plan

Assets
575.26
774.28
82.66
163.83
Actual Return on Plan Assets
626.67
Reconciliation of opening and

closing net liability/ (asset)
recognised in Balance Sheet
3,657.30
9,233.55
2,721.36
17,953.63
691.39
854.05
1,600.54
3,472.69
3,988.38
1,029.87
910.47
Net Liability on merger and

acquisition
Nil
Nil
Nil
128.93
Paid by SBI Directly
(2,232.47)
(931.88)
Nil
Nil
Employers Contribution
(5,737.17)
(11,797.59)
(1,547.54)
(1,770.95)
283.82
21.01
52.42
(14.94)
5,020.42
9,233.55
388.80
854.05
(2,232.47)
(931.88)
Nil
Nil
(5,737.17)
(11,797.59)
(1,547.54)
(1,770.95)
283.82
21.01
52.42
(14.94)
5,020.42
9,233.55
388.80
854.05
DeeeqmleeeW keer esCeer

keW mejkeej keer heefleYetefleeeB
jepe mejkeej keer heefleYetefleeeB
$eCe HeefleYetefleeeB, cege yeepeej HeefleYetefleeeB
Deewj yeQke peceejeefMeeeB
yeerceekelee& heyebOe DeOeerve efveefOeeeB
Deve
eesie
hecegKe yeerceebefkeke heekekeueve
eespevee Deeeqmle hej heefleueeYe

keer heleeefMele oj
Jesleve Je=ef
Current Year
82.00
Past Service Cost

Net liability/(Asset) recognised in
Balance Sheet
Investments under Plan Assets of Gratuity Fund & Pension Fund as on

March 31, 2013 are as follows:
ceee& 2013 keer eqmLeefle kes Devegmeej ieseger efveefOe Deewj heWMeve efveefOe keer eespevee DeeeqmleeeW kes DeOeerve efkeS ieS efveJesMe efvecveevegmeej nQ:
yee oj
Gratuity Plan
Nil
31
efJeJejCe
Pension Plans
heWMeve efveefOe
ieseger efveefOe
eespevee DeeeqmleeeW eespevee DeeeqmleeeW
kee %
kee %
Category of Assets
Central Govt. Securities
31.78 %
23.93 %
22.10 %
15.50 %
41.49 %
35.95 %
Debt Securities, Money Market Securities

and Bank Deposits
Insurer Managed Funds
0.32 %
18.35 %
4.31 %
6.27 %
Others
100.00 %
State Govt. Securities
Total
100.00 %
Pension
Fund
% of Plan
Assets
Gratuity
Fund
% of Plan
Assets
31.78 %
23.93 %
22.10 %
15.50 %
41.49 %
35.95 %
0.32 %
18.35 %
4.31 %
6.27 %
100.00 %
100.00 %
Principal actuarial assumptions:

Pension Plans
heWMeve eespeveeSB
ieseger
eeuet Je<e& efheuee Je<e& eeuet Je<e& efheuee Je<e&
Particulars
Current
year
Gratuity Plans
Previous
year
Current
year
Previous
year
8.06% to 8.25% to 9%
8.50%
7.50% to
7.50% to
9.00%
8.60%
8.24% to
8.50%
7.50% to
8.75%
8.25% to
8.75%
7.50% to
8.60%
Discount Rate
8.06% to 8.25% to 9%
8.50%
8.24% to
8.50%
8.25% to
8.75%
Expected Rate of return on

Plan Asset
7.50% to
9.00%
7.50% to
8.60%
7.50% to
8.75%
7.50% to
8.60%
3.50% to
5.60%
3.50% to
5.60%
3% to 6%
Salary Escalation
3.50% to
5.60%
3% to 6%
3.50% to
5.60%
3% to 6%
3% to 6%
41

YeeJeer Jesleve Je=ef kee hetJee&vegceeve, efpemekee yeerceebefkeke cetueebkeve IekeeW ceW
efkeee ieee nw, cegemHeerefle Jeefjlee, heoesVeefle leLee Deve mecye keejCeeW eLee
efveeespeve - yeepeej ceW Deehete|le Deewj ceebie keer eqmLeefle kees Oeeve ceW jKee ieee nw~
Fme hekeej kes Devegceeve Deleble oerIe& DeJeefOe kes efueS nQ Deewj Deleerle kes meerefcele
DevegYeJe /meefVeke YeefJe<e keer Dehes#eeDeeW hej DeeOeeefjle veneR nQ~ DevegYeJepeve
mee#e Yeer ener mebkesle kejles nQ efke Deleble oerIe& DeJeefOe kes oewjeve - meleled Ge
JesleveJe=ef kejles jnvee mebYeJe veneR nw efpeme hej uesKee-hejer#ekeeW ves Yejesmee efkeee
nw~
3.1.1.2 kece&eejer YeefJe<e efveefOe

Yeejleere ms yeQke YeefJe<e efveefOeveeme ceW yeepe keceer kes mebyebOe ceW yeerceebefkele
cetueve efkeee ieee nw~ efveOee&jke Heefle kes Devegmeej Metve oselee nw, FmeefueS
efJelle Je<e& 2012-13 ceW keesF& HeeJeOeeve veneR efkeee ieee nw~

SmeyeerDeeF& eje efveegkele mJeleb$e yeerkeebkeke eje efkeS ieS yeerceebefkele cetueve
kes Devegmeej YeefJe<e efveefOe keer efmLeefle veeres leeefuekee ceW oer ieF& nQ:` kejes[ ceW
Particulars
efveele efnleueeYe - oeefelJe kes Jele&ceeve cetue ceW heefjJele&ve

1 Dehewue 2012 kees heejbefYeke efveele efnleueeYe oeefelJe
yeepe ueeiele
The estimates of future salary growth, factored in actuarial

valuation, take account of inflation, seniority, promotion and other
relevant factors such as supply and demand in the employment
market. Such estimates are very long term and are not based on
limited past experience / immediate future. Empirical evidence
also suggests that in the very long term, consistent high salary
growth rates are not possible, which has been relied upon by the
auditors.
3.1.1.2 Employees Provident Fund

Actuarial valuation carried out in respect of interest shortfall in

the Provident Fund Trust of SBI. As per Deterministic Approach,
there is Nil liability, hence no provision is made in F.Y. 2012-13.
The following table sets out the status of Provident Fund as per
the actuarial valuation by the independent Actuary appointed by
SBI:` in crores
heWMeve eespeveeSB
eeuet Je<e&
efheuee Je<e&
Particulars
18151.73
Change in the present value of the defined benefit

obligation
529.97
531.83
Opening defined benefit obligation at 1st April 2012
1593.27
1492.66
Employee Contribution (including VPF)
654.91
654.49
yeerceebefkeke neefveeeb / (ueeYe)

heoe efnleueeYe
31 ceee& 2013 kees Debeflece efveele efnleueeYe oeefelJe
eespevee DeeeqmleeeW ceW heefjJele&ve
1 Dehewue 2012 kees eespevee DeeeqmleeeW kee DeejbefYeke Gefele cetue
eespevee DeeeqmleeeW hej heleeefMele heefleueeYe
DebMeoeve
heoe efnleueeYe
eespevee yeerceebefkeke ueeYe / (neefveeeB)
31 ceee& 2013 kees eespevee DeeeqmleeeW kes Gefele cetue kee FefleMes<e
oeefelJe kes Jele&ceeve cetue leLee eespevee DeeeqmleeeW kes Gefele cetue
kee meceeOeeve
31 ceee& 2013 kees efveefOeke oeefelJe kee Jele&ceeve cetue
31 ceee& 2013 kees eespevee DeeeqmleeeW kee Gefele cetue
keceer/ (DeefOeMes<e )
uesKes ces veneR ueer ieF& efJeiele mesJee ueeiele (efveefnle) FefleMes<e
leguevehe$e ceW ueer ieF& jeefMe
yeepe ueeiele
eespevee - DeeeqmleeeW hej heleeefMele heefleueeYe
Meeefceue keer ieF& efheueer mesJee ueeiele (HeefjMeesefOele)
784.39
649.98
19482.46
(2302.17)
(1998.23)
20742.83
19482.46
Previous Year
19482.46
18151.73
529.97
531.83
1593.27
1492.66
Employee Contribution (including VPF)
654.91
654.49
Actuarial losses/(gains)
784.39
649.98
Benefits paid
(2302.17)
(1998.23)
Closing defined benefit obligation at 31st March 2013
20742.83
19482.46
Interest Cost
Change in Plan Assets

19729.16
18260.73
1593.27
1492.66
Opening fair value of Plan Assets as at

1st April 2012
19729.16
18260.73
1186.32
Expected Return on Plan Assets
1593.27
1492.66
Contributions
1184.88
1186.32
Benefits Paid
(2302.17)
(1998.23)
1184.88
(2302.17)
(1998.23)
1018.27
787.68
21223.41
19729.16
Actuarial Gains / (Loss) on plan Assets

Closing fair value of plan assets as at 31st March 2013
1018.27
787.68
21223.41
19729.16
Reconciliation of present value of the obligation and fair

value of the plan assets
20742.83
19482.46
Present Value of Funded obligation at 31st March 2013
20742.83
19482.46
21223.41
19729.16
Fair Value of Plan assets at 31st March 2013
21223.41
19729.16
(480.58)
(246.70)
(480.58)
(246.70)
480.58
246.70
480.58
246.70
Deficit/(Surplus)
Net Asset not recognised in Balance Sheet
Net Cost recognised in the profit and loss account
529.97
531.83
1593.27
1492.66
(1593.27)
(1492.66)
529.97
531.83
Total costs of defined benefit plans included in Schedule 16

Interest Cost
Expected return on plan assets
Interest shortfall reversed
Total costs of defined benefit plans included in Schedule 16
Opening Net Liability as at 1st April 2012

Expense as above
529.97
531.83
(529.97)
(531.83)
Net Liability/(Asset) Recognised in the Balance Sheet
529.97
531.83
1593.27
1492.66
(1593.27)
(1492.66)
529.97
531.83
Reconciliation of opening and closing net liability/ (asset)

Reconciliation of opening and closing net liability/ (asset)

Provident Fund
Current Year
Opening Net Liability as at 1st April 2012

Expense as above
Net Liability/(Asset) Recognised in the Balance Sheet
efHeues Je<e& kes Deebke[s kesJeue efjHes]pessMeve kes efueS efoS ieS nQ~
529.97
531.83
(529.97)
(531.83)
Previous year figures are given for representation purpose only.
42

Investments under Plan Assets of Provident Fund as on March 31, 2013
are as follows:
31 ceee& 2013 keer
efmLeefle kes Devegmeej iesegef efveefOe Deewj HeWMeve efveefOe keer eespevee DeefmleeeW kes DeOeerve efkeS ieS efJeefveOeeve efvevceevegmeej nQ:
Provident Fund
HeWMeve efveefOe
eespevee DeeefmleeeW
kee %
DeeefmleeeW keer esCeer
Category of Assets
% of Plan
Assets
Central Govt. Securities
38.48%
keW mejkeej keer HeefleYetefleeeB
38.48%
State Govt. Securities
16.37%
jepe mejkeej keer HeefleYetefleeeB
16.37%
Debt Securities, Money Market Securities and Bank Deposits
40.67%
meeJe&peefveke #es$e Deewj keejHeesjs yeeb[
40.67%
Insurer Managed Funds

Others
yeerceekelee& HeyebOe DeOeerve efveefOeeeB

Deve
4.48%
eesie
100.00%
Principal actuarial assumptions;
8.50%
8.50%
Guaranteed Return
8.25%
8.25%
Attrition Rate
2.00%
2.00%
kece&eejer YeefJe<e efveefOe
mecetn eje (SmeeryeerDeeF& kees es[kej) YeefJe<e efveefOe eespevee kes Kee&
kes He ceW 26.88 kejes[ (efHeues Je<e& 27.22 kejes[) keer
jeefMe oMee&F& ieF& nw Deewj Fmes ueeYe SJeb neefve Keeles ceW `kece&eeefjeeW kees
Yegieleeve SJeb Gvekes efueS HeeJeOeeve' Meer<e& kes Debleie&le Meeefceue efkeee
ieee nw.
oerIe&keeueerve kece&eejer efnleueeYeeW kes mebyebOe ceW ` 885.98 kejes[ (efheues Je<e&
`644.60 kejes[) kee heeJeOeeve efkeee ieee nw Deewj Gmes ueeYe SJeb neefve Keeles ceW
`kece&eeefjeeW kees Yegieleeve Deewj Gvekes efueS heeJeOeeve' Meer<e& ceW Meeefceue efkeee ieee
nw~
Je<e& kes oewjeve, efJeefYeVe oerIee&JeefOe kece&eejer-efnleueeYeeW kes efueS efkeS ieS heeJeOeeveeW
kee efJeJejCe ;
8.50%
Guaranteed Return
8.25%
8.25%
Attrition Rate
2.00%
2.00%
3.1.2.1 Employees Provident Fund

An amount of ` 26.68 crore (Previous Year ` 27.22 crore)
is recognised as an expense towards the Provident Fund
Scheme by the group (excluding SBI) and is included under
the head Payments to and provisions for employees in
Profit and Loss Account.
3.1.2.2 Defined Contribution Pension Scheme
Yeejleere ms yeQke kes efoveebke 1 Deiemle 2010 kees ee Smekes yeeo

yeQke keer mesJee ceW Meeefceue nesves Jeeues meYeer esefCeeeW kes DeefOekeeefjeeW/
kece&eeefjeeW kes efueS Deewj osMeere yeQefkebie Deveg<ebefieeeW (FveceW ms
yeQke Dee@He yeerkeevesj SC[ peeHegj, ms yeQke Dee@He nwojeyeeo, ms
yeQke Dee@He cewmetj, ms yeQke Dee@He Heefeeuee Deewj ms yeQke Dee@He
$eeJeCekeesj Meeefceue nw) kes efoveebke 1 DeHewue 2010 kees ee Gmekes
yeeo mesJee ceW Meeefceue nesves Jeeues kes meYeer esefCeeeW kes DeefOekeeefjeeW
kece&eeefjeeW kes efueS efveele DebMeoeeer HeWMeve eespevee ueeiet nw~
Deve oerIe&keeueerve kece&eejer efnleueeYe
8.50%
DebMeoeeer HeWMeve eespevee
3.1.3
Discount Rate
3.1.2 Defined Contribution Plans
efveele DebMeoeve eespeveeSB
3.1.2.1
Provident Fund
Current year Previous year
HeWMeve eespeveeSB
eeuet Je<e&
efHeuee Je<e&
3.1.2.2
efveele
100.00%
Particulars
yede oj
3.1.2
4.48%
Total
HecegKe yeerceebefkeke Heekekeueve :

efJeJejCe
The Defined Contribution Pension Scheme (DCPS) is

applicable to all categories of officers and employees
joining the SBI on or after August 01, 2010 and for
Domestic Banking Subsidiaries (comprising State Bank
of Bikaner & Jaipur, State Bank of Hyderabad, State
Bank of Mysore, State Bank of Patiala and State Bank of
Travancore) the scheme is applicable to all categories
of officers and employees who join on or after April 01,
2010. The Scheme is managed by NPS Trust under the
aegis of the Pension Fund Regulatory and Development
Authority. National Securities Depository Limited has
been appointed as the Central Record Keeping Agency
for the NPS. During the year, an amount of ` 98.97 crore
(Previous Year ` 60.86 crore) has been contributed in the
scheme.
3.1.3 Other Long term Employee Benefits
43
Amount of ` 885.98 crore (Previous Year ` 644.60 crore) is provided

towards Long Term Employee Benefits and is included under the
head Payments to and provisions for employees in Profit and Loss
Account.
Details of Provisions made for various Long Term Employees

Benefits during the year;

`

` in crores
kejes[ ceW
ece oerIee&JeefOe kece&eejer - efnleueeYe

meb
1
Deefpe&le DeJekeeMe (vekeoerkejCe)-mesJeeefveJe=efe
kes mecee DeJekeeMe vekeoerkejCe Yeer FmeceW
704.49
455.89
Meeefceue nw
2
DeJekeeMe ee$ee Deewj ie=n ee$ee efjeeele
79.03
54.90
(vekeoerkejCe/GHeeesie)
3
iCe DeJekeeMe
14.64
92.93
4
jpele pebeleer DeJee[&
43.79
6.41
5
DeefOeJeef<e&lee hej hegveJee&me Jee
5.51
13.92
6
Deekeeqmceke DeJekeeMe
17.89
15.19
7
mesJeeefveJe=efe DeJee[&
20.63
5.36
eesie
885.98
644.60
3.1.4 Thej meteer ceW efoS ieS kece&eejer efnleueeYe Yeejle ceW eqmLele mecetn kes kece&eeefjeeW
kes nQ~ efJeosMe eqmLele keejesyeej mes peg[s kece&eeefjeeW kees Gheeg&e eespevee ceW
Meeefceue veneR efkeee ieee nw~
3.1.5
DeheefjMeesefOele heWMeve SJeb ieseger
3.1.5.1
3.1.5.2
Sl.
No.
Long Term Employees Benefits
Current Year
Previous Year
Privilege Leave (Encashment) incl. leave

encashment at the time of retirement
704.49
455.89
Leave Travel and Home Travel Concession

(Encashment/Availment)
79.03
54.90
Sick Leave
14.64
92.93
Silver Jubilee Award
43.79
6.41
Resettlement Expenses on Superannuation
5.51
13.92
Casual Leave
17.89
15.19
Retirement Award
20.63
5.36
885.98
644.60
Total
3.1.4 The employee benefits listed above are in respect of the employees
of the Group based in India. The employees of the foreign
operations are not covered in the above schemes.
3.1.5 Unamortised Pension & Gratuity Liabilities

ieseger
3.1.5.1 Gratuity
Yeejleere efj]peJe& yeQke kes efoveebke 9 HejJejer 2011 kes heefjhe$e meb.
[eryeerDees[er.yeerheer.yeermeer. 80/21.04.018/2010-11 kes Devegmeej,
Yeejleere ms yeQke Deewj Gmekeer osMeere yeQeEkeie Deveg<ebefieeeW ves 31
ceee& 2011 kees meceehle efJee Je<e& mes Meg kejkes 5 Je<e& keer DeJeefOe
kes efueS ieseger keer meercee ceW Je=ef efkeS peeves kes keejCe Deefleefje
oselee kees heefjMeesefOele kejves kee efJekeuhe egvee nw~ leodvegmeej, mecetn
eje ` 212.23 kejes[ keer jeefMe 31 ceee& 2013 kees meceehle Je<e& keer
meceevegheeefleke jeefMe kes he ceW ueeYe SJeb neefve Keeles ceW efoKeeeer ieeer
nw~ 31 ceee& 2013 kees ` 422.43 kejes[ keer DeheefjMeesefOele oselee
Gheeg&e heefjhe$e kes Devegmeej meceevegheele ceW heefjMeesefOele keer peeSieer~
heWMeve
osMeere yeQeEkeie Deveg<ebefieeeW ves 31 ceee& 2011 kees meceehle efJee Je<e& ceW
efoS ieS heWMeve efJekeuhe kes mebyebOe ceW efJee 31 ceee& 2013 kees
meceeHle Je<e& kes efueS ueeYe Deewj neefve Keeles ceW ` 360.47 kejes[ keer
jeefMe efoKeeF& nw~ en heWMeve efJekeuhe Gve kece&eeefjeeW kees efoee ieee
nw efpevneWves hetJe&Jeleea heWMeve eespevee kes efueS efJekeuhe veneR efoee Lee Deewj
Fmekeer jeefMe 31 ceee& 2011 kees meceeHle Je<e& mes Meg kejkes 5 Je<eeX
ceW HeefjMeesefOele keer pee jner nw~ `720.40 kejes[ keer Mes<e jeefMe Ge
heefjhe$e ceW efoS ieS efveosMeeW kes Devegmeej meceevegheele ceW efoKeeF& peeSieer~
3.1.5.2 Pension
3.2
Keb[ metevee
3.2.1 Keb[ DeefYeefveOee&jCe

ke) heeLeefceke (JeJemeee Keb[)
efvecveebefkele Keb[eW kee DeefYeefveOee&jCe/hegveJe&ieeakejCe heeLeefceke
Keb[eW kes he ceW efkeee ieee~
- kees<e
- keejheesjs / Leeske yeQeEkeie
- Kegoje yeQeEkeie
- yeercee JeJemeee
- Deve yeQeEkeie JeJemeee
44
In accordance with RBI circular No.

DBOD.
BP.BC.80/21.04.018/2010-11 dated February 9, 2011,
SBI and its domestic banking subsidiaries have opted
to amortise the additional liability on account of
enhancement in Gratuity limit over a period of 5 years
beginning with the financial year ended March 31, 2011.
Accordingly, a sum of ` 212.23 crore has been charged to
Profit & Loss Account, being the proportionate amount
for the year ended March 31, 2013. The unamortized
liability of ` 422.43 crore as on March 31, 2013 will be
amortized proportionately in accordance with the above
circular.
The domestic banking subsidiaries have charged an

amount of ` 360.47 crore to Profit & Loss Account for
the year ended March 31, 2013 towards the pension
option given in financial year ended March 31, 2011 to
employees who had not opted for the pension scheme
earlier, being amortized over 5 years beginning from
the year ended March 31, 2011. The balance amount of
`720.40 crore will be charged proportionately as per the
directions contained in the said circular.
3.2
Segment Reporting
3.2.1
Segment identification
A) Primary (Business Segment)
The following are the Primary Segments of the Group:
- Treasury
- Corporate / Wholesale Banking
- Retail Banking
- Insurance Business
- Other Banking Business

yeQke keer Jele&ceeve uesKee-efveOee&jCe Deewj metevee heefle ceW Ghejese Keb[eW mes mecye
Deebke[e mebienCe Deewj efve<ke<e&Ce keer he=Leke heefeee meeqcceefuele veneR nw~ leLeeefhe,
efjhees& kejves keer Jele&ceeve mebieveelceke Deewj heyebOekeere mebjevee, GveceW meefVeefnle
peesefKece Deewj heefleueeYe kes DeeOeej hej Jele&ceeve cetue - Keb[eW kes Deebke[eW keer
efvecveJele ieCevee keer ieF& nw:
ke) kees<e kees<e Keb[ ceW mecemle efJeefveOeeve hees&Heesefueees Deewj efJeosMeer
efJeefvecee Deewj [sjerJesefJme mebefJeoeSbb Meeefceue nQ~ kees<e Keb[ keer Deee
cetuele Jeeheej - heefjeeueveeW kes Meguke Deewj Fmemes nesves Jeeues ueeYe /
neefve leLee efJeefveOeeve hees&Heesefueees keer yeepe Deee hej DeeOeeefjle nw~
Ke) keejheesjs / Leeske yeQeEkeie keejheesjs / Leeske yeQeEkeie Keb[ kes Debleie&le
keejheesjs uesKee mecetn, ceOe keejheesjs uesKee mecetn Deewj leveeJeiemle
Deeeqmle heyebOeve mecetn keer $eCe ieefleefJeefOeeeB meeqcceefuele nQ~ Fvekes eje
keejheesjs Deewj mebmLeeiele ieenkeeW kees $eCe Deewj uesveosve mesJeeSB heoeve
keer peeleer nQ~ Fvekes Debleie&le efJeosMe eqmLele keeee&ueeeW/FkeeFeeW kes iewj
- kees<e heefjeeueve Yeer Meeefceue nQ~
ie)
Kegoje yeQeEkeie Kegoje yeQeEkeie Keb[ kes Debleie&le jeêre yeQeEkeie mecetn keer
MeeKeeSB Deeleer nQ~ Fve MeeKeeDeeW kes keee&keueehe ceW jeêre yeQeEkeie mecetn
mes mecye keejheesjs ieenkeeW kees $eCe GheueyOe kejeves meefnle Jeweefeke
yeQeEkeie ieefleefJeefOeeeB Meeefceue nQ~ SpeWmeer JeJemeee Deewj SerSce Yeer Fmeer
mecetn ceW Deeles nQ~
Ie)
yeercee JeJemeee yeercee JeJemeee KeC[ ceW SmeyeerDeeF& ueeFHe FbMeesjWme

kecheveer efueefces[ Deewj SmeyeerDeeF& pevejue FbMeesjWme kecheveer efue. kes
heefjCeece Meeefceue nw~
*)
Deve yeQeEkeie JeJemeee Ssmes KeC[ pees Gheeg&e (ke) mes (Ie) kes
Debleie&le heeLeefceke KeC[ kes he ceW Jeieeake=le veneR efkeS ieS nQ, GvnW
Fme heeLeefceke KeC[ kes Debleie&le Jeieeake=le efkeee ieee nw~ Fme KeC[ ceW
mecetn keer SmeyeerDeeF& ueeFHe FbMeesjWme keb. efue. Deewj SmeyeerDeeF& pevejue
FbMeesjWme keb. efue. kees es[kej meYeer iewj-yeQeEkeie Deveg<ebefieeeW/mebege
GeceeW kes heefjeeueve Meeefceue nQ~
The present accounting and information system of the Bank does

not support capturing and extraction of the data in respect of
the above segments separately. However, based on the present
internal, organisational and management reporting structure
and the nature of their risk and returns, the data on the Primary
Segments have been computed as under:
a) Treasury: The Treasury Segment includes the entire

investment portfolio and trading in foreign exchange
contracts and derivative contracts. The revenue of the
treasury segment primarily consists of fees and gains or
losses from trading operations and interest income on the
investment portfolio.
b)
Corporate / Wholesale Banking: The Corporate / Wholesale

Banking segment comprises the lending activities of
Corporate Accounts Group, Mid Corporate Accounts Group
and Stressed Assets Management Group. These include
providing loans and transaction services to corporate
and institutional clients and further include non treasury
operations of foreign offices/entities.
c)
Retail Banking: The Retail Banking Segment comprises

of branches in National Banking Group, which primarily
includes personal Banking activities including lending
activities to corporate customers having Banking relations
with branches in the National Banking Group. This segment
also includes agency business and ATMs.
d)
Insurance Business The Insurance Business Segment

comprises of the results of SBI Life Insurance Co. Ltd. and
SBI General Insurance Co. Ltd.
e)
Other Banking business Segments not classified under (a)

to (d) above are classified under this primary segment. This
segment also includes the operations of all the Non-Banking
Subsidiaries/Joint Ventures other than SBI Life Insurance
Co. Ltd. and SBI General Insurance Co. Ltd. of the group.
B)
Secondary (Geographical Segment):
a)
Domestic operations - Branches, Subsidiaries and Joint

Ventures having operations in India.
b)
Foreign operations - Branches, Subsidiaries and Joint

Ventures having operations outside India and offshore
banking units having operations in India.
C)
Pricing of Inter-segmental Transfers
The Retail Banking segment is the primary resource mobilising

unit. The Corporate/Wholesale Banking and Treasury segments
are recipient of funds from Retail Banking. Market related Funds
Transfer Pricing (MRFTP) is followed under which a separate unit
called Funding Centre has been created. The Funding Centre
notionally buys funds that the business units raise in the form of
deposits or borrowings and notionally sell funds to business units
engaged in creating assets.
D)
Allocation of Revenue, Expenses, Assets and Liabilities
Expenses of parent incurred at Corporate Centre establishments

directly attributable either to Corporate / Wholesale and Retail
Banking Operations or to Treasury Operations segment, are
Ke) ieewCe (Yeewieesefueke Keb[)

ke)
osMeer heefjeeueve kes Debleie&le - Yeejle ceW heefjeeefuele MeeKeeSB, Deveg<ebefieeeB

Deewj mebege Gece keeee&uee Deeles nQ~
Ke) efJeosMeer heefjeeueve kes Debleie&le - Yeejle mes yeenj heefjeeefuele MeeKeeSB,
Deveg<ebefieeeB Deewj mebege Gece leLee Yeejle ceW heefjeeefuele mecegheejere
yeQeEkeie FkeeFeeB Deeleer nQ~
ie)
Deblej-Keb[ere DeblejCeeW kee keercele-efveOee&jCe
Kegoje yeQefkebie Keb[ eeLeefceke mebmeeOeve mebenCe FkeeF& nw~ keejHeesjs/Leeske yeQefkebie
Deewj kees<e Keb[ kees Kegoje yeQefkebie Keb[ mes efveefOeeeB eeHle nesleer nQ~ yeepeej mes
mebyebefOele efveefOe DeblejCe keercele efveOee&jCe (SceDeejSHeerHeer) DeHeveeee peelee nw,
efpemekes Debleie&le efveOeereve keW veece mes Ske Deueie FkeeF& me=efpele keer ieF& nw~
efveOeereve keW FkeeF& Gve efveefOeeeW keer Devegceeefveke Kejeroejer kejleer nw pees JeJemeee
FkeeFeeW eje peceejeefMeeeW ee GOeejeW kes He ceW pegeF& peeleer nQ Deewj en Deeefmleme=peve ceW mebueive JeJemeee FkeeFeeW kees efveefOeeeW keer Deevegceeefveke efyeeer Yeer
kejleer nw~
Ie)
Jee, DeeeqmleeeW Deewj oseleeDeeW kee Deeyebve
keejheesjs keW keer mebmLeeheveeDeeW ceW efkeS ieS Jee pees meerOes keejheesjs/ Leeske
Deewj efjsue yeQeEkeie heefjeeueve Keb[ DeLeJee kees<e heefjeeueve Keb[ mes mebyebefOele nQ,
45
leovegmeej Deeyebefle efkeS ieS nQ~ meerOes mebyebOe ve jKeves Jeeues Jee heleske Keb[ kes
kece&eeefjeeW keer mebKee/meerOes mebyebOe jKeves Jeeues Jee kes Devegheele kes DeeOeej hej
Deebyeefle efkeS ieS nQ~
allocated accordingly. Expenses not directly attributable are

allocated on the basis of the ratio of number of employees in each
segment/ratio of directly attributable expenses.

meceie Gece mes mebyebefOele Ssmeer Deee Deewj Jee efpevnW efkemeer Keb[ kees Deeyebefle
kejves kee leee|keke DeeOeej veneR nw, GvnW ``Deveeyebefle Jee'' kes Debleie&le Meeefceue
kej efoee ieee nw~
Revenue, expenses, assets and liabilities which relate to the

enterprise as a whole and are not allocable to any segment on a
reasonable basis, have been reported as Unallocated.
3.2.2 Keb[Jeej metevee

SEGMENT INFORMATION
Yeeie e eeLeefceke (JeJemeee) Keb[
PART A: PRIMARY (BUSINESS) SEGMENTS:
kejes[ ceW / ` in crores

Heefjleeie
eesie
`
JeJemeee KeC[
Business Segment
Deee
Revenue
kees<e Heefjeeueve keejHeesjs/Leeske Kegoje yeQefkebie yeercee JeJemeee

yewefkebie
Treasury
Retail Banking
Insurance
33,722.31
(31,780.04)
Corporate /
Wholesale
Banking
65,688.06
(56,017.05)
82,613.11
(72,593.56)
Deve yeQefkebie
Heefjeeueve
Business
Other Banking
Operations
15,264.65
(13,932.27)
2,798.89
(2,350.39)
Unallocated Revenue
2,00,087.02
(1,76,673.31)
2,00,559.83
(1,76,888.97)
kegue Deee
Total Revenue
Result
TOTAL
472.81
(215.66)
Deveeyebefle Deee
HeefjCeece
Elimination
3,909.10
(-622.73)
10,440.31
(9,336.06)
14,161.86
(18,598.40)
560.15
(528.14)
900.09
(814.59)
29,971.51
(28,654.46)
Deveeyebefle Deee (+) / Jee () efveJeue
-4,089.70
(-4,185.51)
Heefjeeueve ueeYe (Heeryeerer)
25,881.81
(24,468.95)
Unallocated Income(+)/Expenses()
net
Operating Profit (PBT)
7,558.82
(8,639.50)
kej
Taxes
(-)
DemeeOeejCe ueeYe/neefve
Extraordinary Profit/Loss
18,322.99
(15,829.45)
efveJeue ueeYe - meneesefieeeW Deewj DeuHeebMe efnle

ceW ueeYe ceW efnmmesoejer kes HetJe&
Net Profit before share in profit in
Associates and Minority Interest
pees[s : meneesefieeeW ces ueeYe ceW efnmmesoejer
231.68
(143.85)
IeeSB : DeuHeebMe efnle
638.44
(630.20)
Add: Share in Profit in Associates

Less: Minority Interest
17,916.23
(15,343.10)
efveJeue ueeYe mecetn kes efueS
Net Profit for the Group
Deve metevee :
Other Information:
Keb[ oseleeSB
Segment Assets
4,78,747.98
(4,55,509.50)
8,16,405.69
(6,45,797.28)
7,52,700.48
(6,53,360.45)
54,933.15
(48,967.47)
10,473.87
(9,058.01)
19,897.17
(17,263.46)
Deveeyebefle DeeefmleeeB
Unallocated Assets
21,33,158.34
(18,29,956.17)
kegue oseleeSB
Total Assets
Keb[ oseleeSB
Segment Liabilities
21,13,261.17
(18,12,692.71)
2,72,060.80
(2,56,921.38)
6,69,288.50
(5,06,927.45)
9,45,349.61
(8,49,091.39)
51,845.39
(46,312.21)
7,158.38
(6,157.75)
19,45,702.68
(16,65,410.18)
62,422.64
(58,315.98)
Deveeyebefle oseleeSB
Unallocated Liabilities
20,08,125.32
(17,23,726.16)
kegue oseleeSB
Total Liabilities
46
Yeeie Ke efleereke (Yeewieesefueke) KeC[

PART B:
SECONDARY (GEOGRAPHIC) SEGMENTS

`
osMeer Heefjeeueve
kejes[ ceW /` in crores
efJeosMeer Heefjeeueve
eesie
Domestic Operations
Foreign Operations
TOTAL
1,91,233.82
(1,69,182.00)
9,326.01
(7,706.97)
2,00,559.83
(1,76,888.97)
26,485.50
(25,570.72)
3,486.01
(3,083.74)
29,971.51
(28,654.46)
DeeefmleeeB
18,86,124.68
(16,31,595.81)
2,47,033.66
(1,98,360.36)
21,33,158.34
(18,29,956.17)
oseleeSB
17,63,888.25
(15,27,911.77)
2,44,237.07
(1,95,814.39)
20,08,125.32
(17,23,726.16)
Deee
Revenue
HeefjCeece
Results
Assets
Liabilities
i)

Deee/Jee Hetjs Je<e& nsleg nw~ DeeefmleeeW /oseleeDeeW kee efJeJejCe efoveebke 31 ceee& 2013 kee nw~
ii)

kees<keeW ceW efoS ieS Deebke[s efHeues Je<e& kes nQ~
3.3
mebyebefOele he#e hekeerkejCe
3.3 Related Party Disclosures:
3.3.1
mecetn mes mebyebefOele he#e
3.3.1 Related Parties to the Group:
ke) mebege Gece
Income/Expenses are for the whole year. Assets/Liabilities are as at March 31, 2013.
Figures within brackets are for previous year
A)
JOINT VENTURES:
1. C - Edge Technologies Ltd.
2. GE Capital Business Process Management Services Private

Ltd.
3. SmeyeerDeeF cewkeJesjer FbHeem^keej cewvespeceW hee.efue.
3. SBI Macquarie Infrastructure Management Pvt. Ltd.
4. SmeyeerDeeF cewkeJesjer FbHeem^keej ^mer hee.efue.
4. SBI Macquarie Infrastructure Trustee Pvt. Ltd.
5. cewkeJesjer SmeyeerDeeF& FbHeem^keej cewvespeceW hee.efue.
5. Macquarie SBI Infrastructure Management Pte. Ltd.
6. cewkeJesjer SmeyeerDeeF& FbHeem^keej ^mer efue.
6. Macquarie SBI Infrastructure Trustee Ltd.
7. Deesceeve Fbef[ee peeFb FvJesmcev Heb[ - heyebOeve kecheveer hee. efue.
7. Oman India Joint Investment Fund Management Company

Pvt. Ltd.
8. Oman India Joint Investment Fund Trustee Company Pvt.

Ltd.
1. meer Spe skeveesuee@peerme efueefces[.

2. peerF& kewefheue efyepevesme heesmesme cewvespeceW mee|Jemesme hee. efue.
8. Deesceeve Fbef[ee peeFb FvJesmcesv Heb[ - ^mer kecheveer hee. efue.

Ke) meneesieer
i)
#es$eere ieeceerCe yeQke
1. DeebOe heosMe ieeceerCe efJekeeme yeQke
B) ASSOCIATES:
i)
1.
Andhra Pradesh Grameena Vikas Bank
2.
Arunachal Pradesh Rural Bank
3.
Chhattisgarh Gramin Bank
4.
Deccan Grameena Bank
5. FueekeeF& osneleer yeQke
5.
Ellaquai Dehati Bank
6. keeJesjer ieeceerCe yeQke
6.
2. DeCeeeue heosMe jue yeQke

3. lleermeie{ ieeceerCe yeQke
4. [skekeve ieeceerCee yeQke
47
7. ke=<Cee ieeceerCee yeQke
7.
Krishna Grameena Bank
8. uebieheer osnebieer jue yeQke
8.
Langpi Dehangi Rural Bank
9. ceOeebeue ieeceerCe yeQke
9.
10. ceeueJee ieeceerCe yeQke
10. Malwa Gramin Bank
11. Marudhara Gramin Bank
12. Meghalaya Rural Bank
13. Mizoram Rural Bank
14. Nagaland Rural Bank
15. Parvatiya Gramin Bank (upto 14.02.2013)
16. Purvanchal Gramin Bank
17. Samastipur Kshetriya Gramin Bank (upto 14.10.2012)
11. ceOeje ieeceerCe yeQke

12. cesIeeuee jue yeQke
13. efcepeesjce jue yeQke
14. veeieeueQ[ jue yeQke
15. heJe&leere ieeceerCe yeQke (14.02.2013 leke)
16. hetJeeeue #es$eere ieeceerCe yeQke
17. mecemleerhegj #es$eere ieeceerCe yeQke (14.10.2012 leke)
18. Saurashtra Gramin Bank
18. meewje^ ieeceerCe yeQke
19. Utkal Grameen Bank
19. Glkeue ieece yeQke
20. Uttarakhand Gramin Bank
20. Gejebeue ieeceerCe yeQke
21. Vananchal Gramin Bank
21. Jeveebeue ieeceerCe yeQke
22. Vidisha Bhopal Kshetriya Gramin Bank (upto 07.10.2012)
22. efJeefoMee Yeesheeue #es$eere ieeceerCe yeQke (07.10.2012 leke)
ii)
Deve
ii) Others
23. The Clearing Corporation of India Ltd.
23. efo eqkeueDeeEjie keeheexjsMeve DeeHe Fbef[ee efueefces[
24. Bank of Bhutan Ltd.
24. yeQke DeeHe Yeteve efue.
25. SBI Home Finance Ltd.
25. Sme yeer DeeF& nesce HeeFveQme efue.
1.
Shri Pratip Chaudhuri, Chairman
2.
Shri Hemant G. Contractor, Managing Director & Group

Executive (International Banking)
2. eer nsceble peer. keeb^skej, heyebOe efveosMeke SJeb mecetn

keee&heeueke (Debleje&êre yeQeEkeie)
3.
Shri A. Krishna Kumar, Managing Director & Group

Executive (National Banking)
3. eer S. ke=<Ce kegceej, heyebOe efveosMeke SJeb mecetn keee&heeueke

(jeêre yeQeEkeie)
4.
Shri Diwakar Gupta, Managing Director & Chief Financial

Officer
5.
Shri S. Vishvanathan, Managing Director & Group

Executive (Associates & Subsidiaries) (from October 09,
2012)
ie) yeQke kes hecegKe heyebOeve keee|ceke
1. eer heleerhe eewOejer, DeOe#e
4. eer efoJeekej ieghlee, heyebOe efveosMeke SJeb cegKe efJee

DeefOekeejer
5. eer Sme. efJeeveeLeve, eyebOe efveosMeke SJeb mecetn keee&Heeueke
(meneesieer SJe Deveg<ebefieeeB) (09 Dekeletyej 2012 mes)
3.3.2
Je<e& kes oewjeve efpeve he#eeW mes uesveosve efkeS ieS
uesKee ceeveke (SSme) 18 kes Devegso 9 kes Devegmeej `mejkeej eje efveebef$ele
Gece' kes he ceW mebyebefOele he#eeW kes mebyebOe ceW keesF& hekeerkejCe Dehesef#ele veneR nw~
uesKee ceeveke 18 kes Devegso 5 kes Devegmeej hecegKe heyebOeve keee|ceke leLee Gvekes
mebyebefOeeeW kes yeejs ceW yeQkej-ieenke mebyebOe keer heke=efle Jeeues uesveosve kee hekeerkejCe
Dehesef#ele veneR nw~
C) Key Management Personnel of the Bank:
3.3.2 Related Parties with whom transactions were entered into during
the year:

48
No disclosure is required in respect of related parties, which are

state controlled enterprises as per paragraph 9 of Accounting
Standard (AS) 18. Further, in terms of paragraph 5 of AS 18,
transactions in the nature of banker-customer relationship are not
required to be disclosed in respect of Key Management Personnel
and relatives of Key Management Personnel.

3.3.3

3.3.3 Transactions and Balances:
uesveosve Deewj Mes<e jeefMeeeB
` in crores
kejes[ ceW
eesie
efJeJejCe
Je<e& 2012-13 kes oewjeve uesveosve
eeHle yeepe $
eoe yeepe $
ueeYeebMe kes He ceW Deefpe&le
Deee $
Deve Deee $
Deve Jee $
eyebOeve mebefJeoe $
meneesieer/ ecegKe eyebOeve

mebegkele Gece keeefce&ke Deewj
Gvekes mebyebOeer
(0.04)
1.06
(1.29)
15.22
(-)
(-)
(-)
(-)
(0.04)
1.06
(1.29)
15.22
(-)
21.24
(12.15)
231.22
(177.87)
227.98
(156.04)
(-)
(-)
0.95
(0.68)
21.24
(12.15)
231.22
(177.87)
228.93
(156.72)
150.03
(126.54)
13.16
(5.58)
(-)
(-)
150.03
(126.54)
13.16
(5.58)
41.55
(42.91)
(-)
0.18
(14.70)
(-)
(-)
(-)
41.55
(42.91)
(-)
0.18
(14.70)
Particulars
pecee oseleeSb #
eeHe jeefMeeeB
efveJesMe #
Deefece #
Deve Deeefmleeeb #
Key
Management
Personnel &
their relatives
Total
(0.04)
1.06
(1.29)
15.22
(-)
21.24
(12.15)
231.22
(177.87)
227.98
(156.04)
(-)
(-)
(-)
(-)
(-)
0.95
(0.68)
(0.04)
1.06
(1.29)
15.22
(-)
21.24
(12.15)
231.22
(177.87)
228.93
(156.72)
150.03
(126.54)
13.16
(5.58)
(-)
(-)
150.03
(126.54)
13.16
(5.58)
41.55
(42.91)
(-)
0.18
(14.70)
(-)
(-)
(-)
41.55
(42.91)
(-)
0.18
(14.70)
Transactions during the year 2012-13

Interest received $
Interest paid $
Income earned by way of Dividend
$
Other Income $
Other Expenditure $
Management Contract $
Outstanding as on 31st March 2013
Payables
Deposit#
31 ceee& kees 2013 yekeeee
ose jeefMeeeB
pecee #
Associates/
Joint Ventures
Other Liabilities#
Receivables
Investments#
Advances #
Other Assets #
(Figures in brackets pertain to previous year)
(keeskeeW ceW efoS ieS Deebke[s efheues Je<e& kes nQ)

# 31 ceee& keer eqmLeefle kes Devegmeej Mes<e
$ Je<e& kes uesveosve
es Je<e& kes oewjeve mebyebefOele he#eeW kes meeLe efkeS ieS Deebke[eW keer eq mes hekeve eesie
uesveosve veneR nQ ~
3.4 hes
efJeeere hes
01 Dehewue 2001 kees ee Gmekes heeeled efJeeere heeW hej oer ieF& DeeeqmleeeB : Fve
efJeeere heeW kee yeesje veeres efoee ieee nw
` kejes[ ceW
efJeJejCe
eeuet Je<e& efHeuee Je<e&
kegue vetvelece Hede Yegieleeve yekeeee
4.69
2.58
1 Je<e& mes kece
12.73
7.19
1 mes 5 Je<e& leke
5 Je<e& Deewj Gmemes DeefOeke
17.42
9.77
eesie
ose yeepe ueeiele
1.51
0.22
1 Je<e& mes kece
2.16
0.16
1 mes 5 Je<e& leke
3.67
0.38
eesie
ose vetvelece Hede YegieleeveeW keer Jele&ceeve jeefMe
3.18
1.82
1 Je<e& mes kece
10.57
6.08
1 mes 5 Je<e& leke
13.75
7.90
eesie
Balances as at 31st March
Transactions for the year
These are no material significant related party transactions during the year.
3.4 Leases:

Finance Leases
Assets taken on Finance Leases on or after April 01, 2001: The

details of finance leases are given below:
` in crores
Particulars
Total Minimum lease payments
outstanding
Less than 1 year
1 to 5 years
5 years and above
Total
Interest Cost payable
Less than 1 year
1 to 5 years
5 years and above
Total
Present value of minimum lease
payments payable
Less than 1 year
1 to 5 years
5 years and above
Total
49
Current
Year
Previous
Year
4.69
12.73
17.42
2.58
7.19
9.77
1.51
2.16
3.67
0.22
0.16
0.38
3.18
10.57
13.75
1.82
6.08
7.90
Heefjeeueve Hede*
Operating Lease*
Heefjeeueve Heds Hej efueS ieS HeefjmejeW kes efJeJejCe veeres emlegle efkeS ieS nQ
Premises taken on operating lease are given below:
efJeJejCe
kejes[ ceW
eeuet Je<e&
efHeuee Je<e&
` in crores
Particulars
Current
Year
Previous
Year
1 Je<e&
leke
192.38
137.94
Not later than 1 year
192.38
137.94
1 Je<e&
mes DeefOeke Deewj 5 Je<e& leke
575.01
412.14
Later than 1 year and not later than 5

years
575.01
412.14
5 Je<e&
mes DeefOeke
171.25
104.01
Later than 5 years
171.25
104.01
kegue
938.64
654.09
Total
938.64
654.09
Fme Je<e& kes ueeYe SJeb neefve Keeles ceW ueer ieF& Hede
YegieleeveeW keer jeefMe
211.24
139.16
Amount of lease payments recognised in

the P&L Account for the year.
211.24
139.16
heefjeeueve heeW ceW cegKe he mes keeee&uee heefjmej Deewj meHe DeeJeeme Meeefceue nQ
pees mecetn FkeeFeeW kes efJekeuhe kes Devegmeej veJeerkejCe eesie nQ~
3.5
heefle Mesej Gheepe&ve
yeQke ves uesKee ceeveke 20 - `heefle Mesej Gheepe&ve' kes Devegmeej heleske F&eqkeJeer Mesej
hej cetue Deewj kece keer ieF& Deee keer metevee oer nw~ Je<e& kes oewjeve, kej heeeled efveJeue
ueeYe DeuheebMe kees es[kej yekeeee F&eqkeJeer MesejeW keer Yeeefjle Deewmele mebKee mes
Deueie kejkes heefle Mesej `cetue Deee' keer ieCevee keer ieF& nw~
kesJeue j veneR nesvesJeeues heeW kes mebyebOe ceW
efJeJejCe
Operating leases primarily comprise office premises and staff

residences, which are renewable at the option of the group entities.
* In respect of Non-Cancellable leases only.
3.5 Earnings per Share:
eeuet Je<e&
Particulars
efheuee Je<e&
Current Year
Previous Year
67,10,44,838
63,49,98,991
1,29,89,133
3,60,45,847
Basic and diluted
cetue Deewj kece efkeS ieS

Je<e& kes oewjeve peejer F&eqkeJeer MesejeW keer meb.
The Bank reports basic and diluted earnings per equity share in
accordance with Accounting Standard 20 - Earnings per Share.
Basic earnings per share is computed by dividing consolidated
net profit after tax (other than minority) by the weighted average
number of equity shares outstanding during the year.
Number of Equity Shares outstanding at the

beginning of the year
67,10,44,838
63,49,98,991
1,29,89,133
3,60,45,847
cetue heefle Mesej Deee keer ieCevee kes efueS
68,40,33,971
67,10,44,838
Number of Equity Shares outstanding at the end of

the year
68,40,33,971
67,10,44,838
heege Yeeefjle Deewmele F&eqkeJeer MesejeW keer meb.
67,14,72,052
63,51,96,258
Weighted average number of equity shares used in

computing basic earning per share
67,14,72,052
63,51,96,258
Weighted average number of shares used in

computing diluted earning per share
67,14,72,052
63,51,96,258
Net profit (Other than minority) (` in crore)
17,916.23
15,343.10
Basic earnings per share (`)
266.82
241.55
Diluted earnings per share (`)
266.82
241.55
10.00
10.00
Je<e& kes Deble ceW yekeeee F&eqkeJeer MesejeW keer meb.
kece keer ieF& heefle Mesej Deee keer ieCevee kes efueS
heege Yeeefjle Deewmele MesejeW keer mebKee
67,14,72,052
63,51,96,258
17,916.23
15,343.10
cetue Deee Heefle Mesej (`)
266.82
241.55
kece keer ieF& heefle Mesej Deee (`)
266.82
241.55
10.00
10.00
efveJeue ueeYe (DeuHeebMe kes DeueeJee ) (` kejes[ ceW)
heefle Mesej veececee$e cetue (`)
Number of Equity Shares issued during the year
Nominal value per share (`)
3.6
Deee hej kejeW kee uesKeekejCe
3.6 Accounting for taxes on Income
i)
Je<e& kes oewjeve, DeemLeefiele kej meceeeespeve kes eje ` 701.09 kejes[ efheues
Je<e& ` 691.65 kejes[ pecee efkeS ieS Les, ueeYe Deewj neefve Keeles ceW veeces efkeS
ieS~
50
i)
During the year, ` 701.09 crore has been credited [Previous Year
` 691.65 crore has been debited] to Profit and Loss Account by
way of adjustment of deferred tax.


hecegKe ceoeW ceW DeemLeefiele kej Deeeqmle Deewj oselee kee ceoJeej efJeJejCe efvecve
leeefuekee ceW efoee ieee nw:
` kejes[ ceW
efJeJejCe
31 ceee& 2013 31 ceee& 2012
keer eqmLeefle
keer eqmLeefle
kes Devegmeej kes Devegmeej
DeemLeefiele kej DeeeqmleeeB
Jesleve mebMeesOeve kes keejCe oerIe&keeueerve kece&eejer
128.03
efnleueeYeeW kes efueS heeJeOeeve
oerIe&keeueerve kece&eejer efnleueeYeeW kes efueS HeeJeOeeve #
2474.34
2187.55
Deeue DeeefmleeeW Hej cetuendjeme
16.31
36.35
Devepe&ke DeeefmleeeW kes efueS HeeJeOeeve
362.78
128.01
Deve
588.12
618.87
eesie
3569.58
2970.78
DeemLeefiele kej oseleeSB
14.01
16.12
Deeue DeeeqmleeeW hej cetueneme
heefleYetefleeeW hej yeepe
3257.14
2008.95
Deve
423.23
736.62
eesie
3694.38
2761.69
(124.80)
209.09
efveJeue DeemLeefiele kej DeeeqmleeeB/ (oseleeSB)
# FmeceW Yeejleere ms yeQke kes kece&eeefjeeW kes DeJekeeMe vekeoerkejCe kes efueS eeJeOeeve
jeefMe ceW mes ` 922.15 kejes[ keer DeemLeefiele kej pecee Meeefceue nw pees SmeyeerDeeF& ves eeuet
Je<e& ceW yegke keer nw (FmeceW 31 ceee& 2012 leke keer DeJeefOe mes mebyebefOele ` 783.62kejes[
keer jeefMe Meeefceue nw~
3.7 DeeeqmleeeW keer Dehemeeceevelee
yeQke heyebOeve keer eq ceW, Je<e& kes oewjeve, DeeeqmleeeW keer Dehemeeceevelee kee keesF& Ssmee
ceeceuee veneR nw efpeme hej uesKee ceeveke 28 - `DeeeqmleeeW keer Dehemeeceevelee' ueeiet
nes~
3.8
ii)
ii)
The break up of deferred tax assets and liabilities into major

items is given below:
` in crores
Particulars
Deferred Tax Assets
Provision for Defined Benefit Schemes on account of
Wage Revision
Provision for long term employee Benefits #
Depreciation on Fixed Assets
Provision for non performing assets
Others
Total
Deferred Tax Liabilities
Depreciation on Fixed Assets
Interest on securities
Others
Total
Net Deferred Tax Assets/(Liabilities)
As at
31-Mar-2013
As at
31-Mar-2012
128.03
2474.34
16.31
362.78
588.12
3569.58
2187.55
36.35
128.01
618.87
2970.78
14.01
3257.14
423.23
3694.38
(124.80)
16.12
2008.95
736.62
2761.69
209.09
# This includes ` 922.15 crore being deferred tax credit arising out
of provision for leave encashment for employees of SBI (Including
` 783.62 crore relating to period upto March 31, 2012) which SBI has
booked in the current year.
3.7 Impairment of assets:

In the opinion of the Management, there is no impairment to

the assets during the year to which Accounting Standard 28
Impairment of Assets applies.
3.8 Provisions, Contingent Liabilities & Contingent Assets

a)
Break up of provisions
heeJeOeeve, Deekeeqmceke oseleeSB Deewj Deekeeqmceke DeeeqmleeeB
` in crores
ke) heeJeOeeveeW kee Deueie-Deueie efJeJejCe

`
efJeJejCe
ke) kejeOeeve kes efueS heeJeOeeve
- Jele&ceeve kej
- DeemLeefiele kej
- Deveg<ebieer ueeYe kej
- Deve kej
Ke) Devepe&ke DeeeqmleeeW kes efueS heeJeOeeve
ie) hegvemejefele DeeeqmleeeW kes efueS heeJeOeeve
Ie) ceeveke DeeeqmleeeW hej heeJeOeeve
*) efJeefveOeeveeW ceW cetueeme kes efueS eeJeOeeve
e) Deve DeeefmleeeW kes efueS eeJeOeeve
kegue
(kees<ke kes Deebke[s esef[ oMee&les nQ~)
eeuet Je<e&
8,258.02
(701.09)
(34.06)
35.96
13,443.45
1,463.11
1,090.71
(950.12)
(6.85)
22,599.13
a)
efheuee Je<e&
7,959.87
691.65
(20.41)
8.39
14,040.08
169.90
1,304.76
875.18
(145.48)
24,883.94
Current Year
Previous Year
- Current Tax
8,258.02
7,959.87
- Deferred Tax
(701.09)
691.65
(34.06)
(20.41)
35.96
8.39
Provision for Taxation
- Fringe Benefit Tax

- Other Taxes
b)
Provision on Non-Performing Assets
13,443.45
14,040.08
c)
Provision on Restructured Assets
1,463.11
169.90
d)
Provision on Standard Assets
1,090.71
1,304.76
e)
Provision for Depreciation on Investments
(950.12)
875.18
f)
Other Provisions
Total
(6.85)
(145.48)
22,599.13
24,883.94
(Figures in brackets indicate credit)
Ke) DeeefmLej eeJeOeeve

`
efJeJejCe
ke) DeLeMes<e
Ke) Je<e& kes oewjeve HeefjJeOe&ve
ie) Je<e& kes oewjeve DeenjCe eje keceer
Ie) Debeflece Mes<e
Particulars
kejes[ ceW
eeuet Je<e&
efheuee Je<e&
479.22
479.21
b)
kejes[ ceW
` in crores
a)
b)
c)
d)
0.01
479.22
479.22
Floating provisions:
51
Particulars
Opening Balance
Addition during the year
Draw down during the year
Closing balance
Current Year
479.22
479.22
Previous Year
479.21
0.01
479.22
ie) Deekeeqmceke oseleeDeeW Deewj Deekeeqmceke DeeeqmleeeW kee efJeJejCe
c)
Description of contingent liabilities and contingent assets:
ece efJeJejCe
meb.
1
mecetn kes efJe
Ssmes oeJes pees
$eCe kes he ceW
DeefYemJeerke=le
veneR nQ.
mebef#ehle efJeJejCe
Sr.
No
Particulars
Brief Description
JeJemeee keer meeceeve heefeee ceW cetue kebheveer Deewj Gmekes Ieke
efJeefYeVe keee&JeeefneeW ceW Ske he#e nQ~ mecetn kees Ssmeer Gcceero veneR
nw efke Fve keee&JeeefneeW kes heefjCeece kee leeeqlJeke heefleketue heYeeJe
mecetn keer efJeeere eqmLeefleeeW, heefjeeueve heefjCeeceeW ee vekeoer heJeeneW
hej he[siee~
Claims against
the Group not
acknowledged as
debts
The parent and its constituents are parties to various proceedings

in the normal course of business. It does not expect the outcome
of these proceedings to have a material adverse effect on the
Groups financial conditions, results of operations or cash flows.
Liability on
account of
outstanding
forward
exchange
contracts
The Group enters into foreign exchange contracts, currency

options, forward rate agreements, currency swaps and interest
rate swaps with inter-bank participants on its own account and
for customers. Forward exchange contracts are commitments
to buy or sell foreign currency at a future date at the contracted
rate. Currency swaps are commitments to exchange cash flows by
way of interest/principal in one currency against another, based
on predetermined rates. Interest rate swaps are commitments to
exchange fixed and floating interest rate cash flows. The notional
amounts that are recorded as contingent liabilities, are typically
amounts used as a benchmark for the calculation of the interest
component of the contracts.
Guarantees
given on behalf
of constituents,
acceptances,
endorsements
and other
obligations
As a part of its commercial banking activities, the Group

issues documentary credits and guarantees on behalf of its
customers. Documentary credits enhance the credit standing
of the customers of the Group. Guarantees generally represent
irrevocable assurances that the Bank will make payment in the
event of the customer failing to fulfil its financial or performance
obligations.
Other items for

which the Group
is contingently
liable
The Group is a party to various taxation matters in respect of which

appeals are pending. These are being contested by the Group and
not provided for. Further the Group has made commitments to
subscribe to shares in the normal course of business.
d)
The contingent liabilities mentioned above are dependent upon the

outcome of court/arbitration/out of court settlements, disposal of
appeals, the amount being called up, terms of contractual obligations,
devolvement and raising of demand by concerned parties, as the
case may be.
yekeeee Jeeeoe
mecetn Deheves efvepeer Keeles Deewj ieenkeeW keer Deblej-yeQke menYeeefielee
efJeefvecee mebefJeoeDeeW mes efJeosMeer efJeefvecee mebefJeoe, cege efJekeuhe, Jeeeoe oj kejej,
kes keejCe oseleeSB cege efJeefvecee leLee yeepe oj efJeefvecee kejlee nw~ Jeeeoe efJeefvecee
mebefJeoeDeeW keer heefleyelee efJeosMeer cege kees YeefJe<e ceW mebefJeoeiele oj
hej Kejeroves ee yeseves kes efueS nw~ cege efJeefveceeeW keer heefleyeleeSB
hetJe& efveOee&efjle ojeW kes DeeOeej hej Ske cege kes efJehejerle otmejer cege
keer yeepe / cetue jeefMe kes he ceW efJeefvecee vekeoer heJeen kes efueS
nQ~ yeepe oj efJeefvecee keer heefleyeleeSB eqmLej efJeefvecee SJeb DeeqmLej
yeepe oj vekeoer heJeen kes efueS nQ~ Deevegceeefveke jeefMeeeB, efpevnW
Deekeeqmceke oseleeDeeW kes he ceW ope& efkeee ieee nw, mebefJeoeDeeW kes
yeepe DebMe kes heefjkeueve nsleg vetvelece ceeheob[ kes he ceW heege
efJeefMe jeefMeeeB nw~
ieenkeeW, efyeueeW SJeb Deheves JeeefCeeqpeke yeQeEkeie keee&keueehe kes Debleie&le mecetn Deheves
ngbef[eeW, hejebkeveeW ieenkeeW keer Deesj mes heuesKeer $eCe Deewj ieejber heoeve kejlee nw~
leLee Deve oeefelJeeW heuesKeer $eCe mes mecetn kes ieenkeeW keer $eCe DeJeeqmLeefle ye{leer nw~
keer Deesj mes oer ieF& ieejbefeeB meeceevele yeQke keer Deewj mes Deue DeeMJeemeve nesleer nQ efke
ieejbefeeB
eefo eenke DeHeves efJeeere ee efve<Heeove oeefelJeeW kees HetCe& kejves ceW
DemeHeue neslee nw, lees yeQke Ssmeer efmLeefle ceW Gvekee Yegieleeve kejsiee~
Deve ceoW efpevekes mecetn efJeefYeVe kej efveOee&jCe ceeceueeW, efpevemes mecye DeheerueW
efueS mecetn
efJeeejeOeerve nQ, kee Ske he#e nw~ mecetn keer Deesj mes Fve hej heefleJeeo
Deekeeqmceke he mes efkeee pee jne nw Deewj Fvekes efueS keesF& heeJeOeeve veneR efkeee ieee nw~
efpeccesoej nw~
hegve mecetn ves JeJemeee keer meeceeve heefeee ceW MesejeW kee DeefYeoeve
kejves kes Jeeeos efkeS nQ~
Ie) Gheeg&e Deekeeqmceke oseleeSB eLeeeqmLeefle, veeeeuee/hebee kes efveCe&e / veeeeuee

kes yeenj mecePeewleeW, DeheerueeW kes efveheeve, jeefMe kes ceeBies peeves, mebefJeoeiele yeeOeleeSB,
mebyebefOele he#eeW eje ceeBie hemleeJe kes DeblejCe Deewj Gmes Gle kejves pewmeer Yeer eqmLeefle
nes, kes oeefelJe hej DeeOeeefjle nQ~
*) Deekeeqmceke oseleeDeeW kes heefle heeJeOeeveeW kee Gleej-e{eJe
eeuet Je<e&
kejes[ ceW
efheuee Je<e&
92.81
99.24
79.83
78.06
490.21
477.23
e)
Movement of provisions against contingent liabilities

` in crores
ke)
Ke)
ie)
Ie)
DeLeMes<e
Je<e& kes oewjeve DeenjCe ceW keceer
Debeflece Mes<e
477.23
456.05
a)
mes peerJeve yeercee Deewj meeOeejCe yeercee Deveg<ebefieeeW kes efJeefveOeeve yeQkeeW eje Devegheeueve
keer pee jner uesKeekejCe veerefle kes Devegmeej efHej mes Meeefceue ve kejkes yeercee
efJeefveeeceke Deewj efJekeeme heeefOekejCe (efJeefveOeeve efJeefveece) 2000 kes Devegmeej
uesKeeW ceW efoKeeS ieS nQ~ yeercee Deveg<ebefieeeW kes efJeefveOeeve 31 ceee& 2013 kees kegue
efJeefveOeeve kee ueieYeie 9.33% efHeues Je<e& 9.42%) jns~
5 Yeejleere efjpeJe& yeQke kes heefjhe$e [eryeerDees[er eceebke yeerheer.yeermeer.
42/21.01.02/2007-08 kes efveosMeevegmeej efj[ercesyeue efheHejWme MesejeW (eefo keesF&
neW) kees oselee ceevee ieee nw Deewj Gve hej Yegieleeve efkeS peeves Jeeues ketheve kees yeepe
ceevee ieee nw~
6 DeeF&meerSDeeF& eje peejer meeceeve mheerkejCeeW kees Oeeve ceW jKeles ngS - mecesefkele
efJeeere efJeJejCe keer eLeeleLelee Deewj Gheegelee hej keesF& heYeeJe ve nesves kes keejCe
GmeceW cetue kebheveer Deewj Deveg<ebefieeeW kes Deueie efJeeere efJeJejCeeW ceW GequueefKele Ssmeer
meebefJeefOeke meteveeDeeW kee pees cenlJehetCe& veneR nQ, eneb mecesefkele efJeeere efJeJejCeeW ceW
hekeerkejCe veneR efkeee ieee nw~
52
Opening Balance
Current Year
Previous Year
477.23
456.05
b)
92.81
99.24
c)
Reductions during the year
79.83
78.06
d)
Closing balance
490.21
477.23
The investments of life and general insurance subsidiaries have been

accounted in accordance with the IRDA (Investment Regulations)
2000 instead of restating the same in accordance the accounting
policy followed by the banks. The investments of insurance
subsidiaries constitute approximate 9.33% (Previous Year 9.42%) of
the total investments as on March 31, 2013.
In accordance with RBI circular DBOD NO.BP.BC.42/21.01.02/200708, redeemable preference shares (if any) are treated as liabilities
and the coupon payable thereon is treated as interest.
Additional statutory information disclosed in separate financial

statements of the parent and the subsidiaries having no bearing on
the true and fair view of the consolidated financial statements and
also the information pertaining to the items which are not material
have not been disclosed in the consolidated financial statements in
view of the general clarifications issued by ICAI.
Jesleve kejej nesves leke
Pending Wage Agreement
Yeejleere yeQke mebIe eje meome yeQkeeW keer Deesj mes DeefKeue Yeejleere keeceieej mebIeeW
kes meeLe efkeee ieee veewJeeb efHe#eere mecePeewlee 31 Dekeletyej 2012 kees meceeHle nes
ieee~ 01 veJebyej 2012 mes ueeiet nesves Jeeues Jesleve mebMeesOeve kejej kee efve<Heeove nesves
leke Yeejleere ms yeQke Deewj Gmekeer osMe ceW efmLele Deveg<ebefieeeW ves Je<e& kes oewjeve
`960.53 kejes[ kee eeJeOeeve efkeee nw~
The Ninth Bipartite Settlement entered into by the Indian Banks

Association on behalf of the member Banks with the All India Unions
of Workmen expired on October 31, 2012. Pending execution of
agreement for wage revision, to be effective from November 01,
2012, SBI and its domestic banking subsidiaries have made a provision
of ` 960.53 crore during the year.
peneb Yeer DeeJeMeke Lee efJeiele Je<e& kes Deebke[eW kees eeuet Je<e& kes Deebke[eW mes legue
yeveeves kes efueS hegveme&cetefnle Deewj hegveJe&ieeake=le efkeee ieee nw~ Ssmes ceeceueeW ceW peneb
Yeejleere efj]peJe& yeQke kes efoMee-efveoxMeeW kes Devegmeej hekeerkejCe henueer yeej efkeS
ieS nQ - efheues Je<e& kes Deebke[eW kee GuuesKe veneR efkeee ieee nw~
Further, SBI has made an adhoc additional provision of ` 225 crore

towards Superannuation Schemes and other long term employee
benefits, over and above the actuarial valuations.
Previous years figures have been regrouped/reclassified, wherever

necessary, to conform to current period classification. In cases
where disclosures have been made for first time in terms of RBI
guidelines/Accounting Standards, previous year figures have not
been mentioned.
(Sme. efJeMJeveeLeve)
Fmeer efleefLe keer nceejer efjHees& kes Devegmeej
(S. Vishvanathan)
In terms of our Report of even date)
ke=les lees[er legueefmeeeve Sb[ keb.
eyebOe efveosMeke SJeb mecetn keee&Heeueke (meneesieer SJeb Deveg<ebefieeeB)
For Todi Tulsyan & Co.
Managing Director & Group Executive (A&S)
meveoer uesKeekeej
(S. ke=<Ce kegceej)
Chartered Accountants
eyebOe efveosMeke Deewj mecetn keee&Heeueke (je<êre yeQefkebie)
(Sushil Kumar Tulsyan)
megMeerue kegceej legueefmeeeve
(A. Krishna Kumar)
Yeeieeroej
Managing Director & Group Executive (NB)
(efoJeekej iegHlee)
Hece& HebpeerkejCe meb.
(Diwakar Gupta)
eyebOe efveosMeke Deewj cegKe efJee DeefOekeejer
Managing Director & Chief Financial Officer
(nsceble peer. keev^skej)
(Hemant G. Contractor)
eyebOe efveosMeke Deewj mecetn keee&Heeueke (Deblejje<êre yeQefkebie)

Managing Director & Group Executive (IB)
(eleerHe eewOejer)
(Pratip Chaudhuri)
DeOe#e
Chairman
53
Partner
meomelee eceebke / M. No. 075899
/ Firm Registration No. 002180 C
keesuekeelee, 23 ceF&, 2013
Place : Kolkata,
Date : 23rd May, 2013
Yeejleere ms yeQke (mecesefkele) State Bank of India (Consolidated)

31 ceee& 2013 kees meceeHle Je<e& kes efueS vekeoer eJeen efJeJejCe
Cash flow statement for the year ended 31st March 2013
(000 kees es[ efoee ieee nw) (000s omitted)

31.03.2013 kees
31.03.2012 kees
meceeHle Je<e&
meceeHle Je<e&
efJeJejCe / PARTICULARS
Year ended
31.03.2013
`
Year ended
31.03.2012
`
25475,05,21
23982,59,19
1577,49,23
1371,60,74
40,53,82
47,01,40
Heefjeeueve keee&keueeHe mes vekeoer eJeen
Cash flow from operating activities
kej HetJe& efveJeue ueeYe Net Profit before taxes

meceeeespeve Adjustments for :
Deeue DeeefmleeeW Hej cetueeme Depreciation on Fixed Assets
Deeue DeeefmleeeW kes efJeee Hej (ueeYe) /neefve (efveJeue) (Profit)/Loss on sale of Fixed Assets (Net)
efJeefveOeeveeW kes efJeee Hej (ueeYe)/neefve (efveJeue) (Profit)/Loss on sale of Investments (Net)
efJeefveOeeveeW kes Hegvecet&ueebkeve Hej (ueeYe/neefve (efveJeue) (Profit)/Loss on revaluation of Investments (Net)
DeueeYekeejer DeeefmleeeW kes efueS eeJeOeeve Provision on Non Performing Assets
ceeveke DeeefmleeeW kes efueS eeJeOeeve Provision on Standard Assets
Yeejle ceW efJeefveOeeveeW Hej cetueeme Provision for Depreciation on Investments
Deve eeJeOeeve Other Provisions
meneesefieeeW mes eeHle ueeYeebMe / Deefpe&le Deee (efJeefveOeeve keee&keueeHe) Dividend/Earnings from Associates
(Investing Activity)
Hetbpeer efueKeleeW Hej meboe yeepe (efJeeere keee&keueeHe)
Interest on Capital Instruments (Financing Activity)
Je<e& kes oewjeve DeHeefueefKele DeemLeefiele Deee Kee&
Deferred Revenue Expenditure written off during the year
GHe eesie / SUB TOTAL

meceeeespeve Adjustments for :
peceejeefMeeeW ceW Je=ef / (keceer) Increase/(Decrease) in Deposits
GOeejjeefMeeeW ceW Je=ef /keceer Increase/(Decrease) in Borrowings
efJeefveOeeveeW ceW (Je=ef) / keceer (Increase)/Decrease in Investments
DeefeceeW ceW (Je=ef) / keceer (Increase)/Decrease in Advances
Deve oseleeDeeW Deewj eeJeOeeveeW ceW Je=ef / (keceer) Increase/(Decrease) in Other Liabilities & Provisions
Deve DeeefmleeeW ceW (Je=ef) / keceer (Increase)/Decrease in Other Assets
GHe eesie / SUB TOTAL
eoe kej Taxes Paid
Heefjeeueve keee&keueeHe eje GHeueyOe efveJeue vekeoer (eJeen)
Net cash flow from operating activities
(ke)
efJeefveOeeve keee&keueeHe mes vekeoer eJeen
(A)
(2861,82,55)
583,26,05
(594,91,28)
1369,65,79
14906,55,70
14209,97,61
1090,70,76
1304,75,75
(950,11,72)
875,18,08
(6,83,56)
(145,47,34)
(244,54,53)
(146,14,16)
4706,74,29
4584,94,51
78,86,98
12,85,34
43217,72,35
48050,22,96
212713,21,08
159126,91,68
45485,85,12
13953,09,73
(53953,40,34)
(44585,14,78)
(243844,38,49)
(171478,63,02)
24278,85,49
(16803,43,81)
642,31,59
(7659,12,12)
28540,16,80
(19396,09,36)
(4442,36,90)
(10718,04,52)
24097,79,90
(30114,13,88)
(83,79,38)
(125,64,00)
244,54,53
146,14,16
(3579,99,11)
(2339,75,41)
(3419,23,96)
(2319,25,25)
Cash flow from investing activities
meneesefieeeW kes efJeefveOeeveeW ceW (Je=ef) / keceer
(Increase)/Decrease in Investments in Associates
Ssmes efJeefveOeeveeW Hej Deefpe&le Deee
Income earned on such investments
Deeue DeeefmleeeW ceW (Je=ef) / keceer
(Increase)/Decrease in Fixed Assets
efJeefveOeeve keee&keueeHe eje GHeueyOe kejeF& ieF& efveJeue vekeoer
(Ke)
Net Cash generated from investing activities
54
(B)
(000 kees es[ efoee ieee nw) (000s omitted)

31.03.2013 kees
31.03.2012 kees
meceeHle Je<e&
meceeHle Je<e&
efJeJejCe / PARTICULARS
Year ended
31.03.2013
`
Year ended
31.03.2012
`
3000,34,14
7891,30,87
75,13,60
1175,15,60
(42,20,00)
(4706,74,29)
(4584,94,51)
(2645,16,40)
(2151,43,88)
(104,90,81)
(121,23,54)
efJeeHees<eCe keee&keueeHe mes vekeoer eJeen

Cashflow from financing activities
F&efkeJeer Mesej Hetbpeer efveie&ce mes eeHle jeefMe
Proceeds from issue of equity share capital
Hetbpeer efueKeleeW kee efJeefYevve
Issue of Capital Instruments
Hetbpeer efueKele eeflemeboee
Repayment of Capital Instruments
Hetbpeer efueKeleeW Hej meboe yeepe
Interest paid on Capital Instruments
meboe ueeYeebMe Gme Hej kej meefnle
Dividends paid including tax thereon
Deveg<ebefieeeW eje meboe ueeYeebMe kej
Dividends tax paid by subsidiaries
efJeeere keee&keueeHe mes / efveJeue vekeoer
Net Cash generated from financing activities
HeeblejCe Deejef#ele Hej efJeefvecee Gleej-e{eJe kee eYeeJe
Effect of exchange fluctuation on translation reserve
vekeoer Deewj vekeoer mecelegue ceW efveJeue Je=ef / (keceer) (ke)+(Ke)+(ie)+(Ie)
"Net increase / (decrease) in cash and cash equivalents (A)+(B)+(C)+(D)
Je<e& kes eejbYe ceW vekeoer Deewj vekeoer mecelegue
Cash and Cash equivalents at the beginning of the year
Je<e& kes Deble ceW vekeoer Deewj vekeoer mecelegue
Cash and Cash equivalents at the end of the year
(Sme. efJeMJeveeLeve)
(ie)
(C)
(4423, 53,76)
2208,84,54
(Ie)
(D)
1381,87,57
2487,91,96
17636,89,75
(27736,62,63)
127590,82,85
155327,45,48
145227,72,60
127590,82,85
Fmeer efleefLe keer nceejer efjHees& kes Devegmeej
(S. Vishvanathan)
In terms of our Report of even date)
ke=les lees[er legueefmeeeve Sb[ keb.
eyebOe efveosMeke SJeb mecetn keee&Heeueke (meneesieer SJeb Deveg<ebefieeeB)
For Todi Tulsyan & Co.
Managing Director & Group Executive (A&S)
meveoer uesKeekeej
(S. ke=<Ce kegceej)
eyebOe efveosMeke Deewj mecetn keee&Heeueke (je<êre yeQefkebie)
megMeerue kegceej legueefmeeeve
(A. Krishna Kumar)
Yeeieeroej
Managing Director & Group Executive (NB)
(efoJeekej iegHlee)
Hece& HebpeerkejCe meb.
(Diwakar Gupta)
eyebOe efveosMeke Deewj cegKe efJee DeefOekeejer
Managing Director & Chief Financial Officer
(nsceble peer. keev^skej)
(Hemant G. Contractor)
eyebOe efveosMeke Deewj mecetn keee&Heeueke (Deblejje<êre yeQefkebie)

Managing Director & Group Executive (IB)
(eleerHe eewOejer)
(Pratip Chaudhuri)
DeOe#e
Chairman
55
Partner
meomelee eceebke / M. No. 075899
/ Firm Registration No. 002180 C
keesuekeelee, 23 ceF&, 2013
Place : Kolkata,
Date : 23rd May, 2013
mJeleb$e uesKee-Hejer#eke keer efjHees&
INDEPENDENT AUDITORS REPORT
esef<eleer
efveosMeke yees[&,
Yeejleere ms yeQke
1. nceves Yeejleere ms yeQke (Fme yeQke), Fmekeer Deveg<ebefieeeW, meneesefieeeW Deewj
mebegkele GeceeW (Fme mecetn) keer 31 ceee& 2013 keer efmLeefle kes Devegmeej
mebueive mecesefkele legueve-He$e Deewj Gmeer leejerKe kees meceeHle Je<e& kes mecesefkele
ueeYe SJeb neefve Keelee leLee mecesefkele vekeoer eJeen efJeJejCe Deewj cenlJeHetCe&
uesKee veerefleeeW kes meejebMe Deewj Fve mecesefkele efJeeere efJeJejCeeW ceW meefcceefuele
Deve efJeJejCeelceke metevee keer uesKee Hejer#ee keer nw Gkele eqJeeere efJeJejCeeW ceW
efvecveefueefKele kes uesKes Meeefceue nw :
i. nceejs meefnle 14 (eewon) mebegkele uesKee-Hejer#ekeeW eje uesKeeHejeref#ele yeQke kes Keeles,
ii. Deve uesKee-Hejer#ekeeW eje uesKee Hejeref#ele 27 (meeeF&me) Deveg<ebefieeeW,
24 (eewyeerme) meneesefieeeW Deewj 8 (Dee) mebegkele GeceeW kes
uesKeeHejeref#ele Keeles,
iii. 1 (Ske) Deveg<ebieer, Deewj 1 (Ske) meneesieer kes DeuesKeeHejeref#ele
Keeles~
2. nceves 13 Deve mebegkele uesKee Hejer#ekeeW kes meeLe yeQke kes efJeeere efJeJejCe
keer uesKee-Hejer#ee keer nw, efpevekes efJeeere efJeJejCeeW ceW 31 ceee& 2013 kees
`15,66,261 kejes[ keer kegue DeeefmleeeB Deewj ` 1,35,692 kejes[ keer kegue
Deee Deewj Fmeer leejerKe kees meceeHle Je<e& kes efueS `17,657 kejes[ keer jeefMe
kes efveJeue vekeoer eJeen efoKeeS ieS nQ~
3. nceves Fvekeer Deveg<ebefieeeW, meneesefieeeW Deewj mebegkele GeceeW kes efJeeere efJeJejCeeW
keer uesKee Hejer#ee veneR keer, efpeveceW 31 ceee& 2013 kees ` 5,81,754 kejes[ keer
kegue DeeefmleeeB Deewj ` 67,029 kejes[ keer kegue Deee Deewj Gmeer leejerKe kees
meceeHle Je<e& kes efueS `2,480 kejes[ kes efveJeue vekeoer yeefnie&ceve efoKeeS ieS
nQ~ es efJeeere efJeJejCe nceW emlegle efkeS ieS nQ Deewj peneb leke Deve FkeeFeeW
kes mebyebOe ceW Meeefceue jeefMeeeW kee meJeeue nw, Gvekes yeejs ceW nceeje DeefYecele
HetCe& He mes Deve uesKee-Hejer#ekeeW eje emlegle efjHees& Hej DeeOeeefjle nw~
4. 1 (Ske) Deveg<ebieer, Deewj 1 (Ske) meneesieer kes DeuesKeeHejeref#ele efJeeere
efJeJejCeeW, efpeveceW 31 ceee& 2013 kees `3,427 kejes[ keer kegue DeeefmleeeB,
`157 kejes[ keer kegue Deee Deewj Gmeer leejerKe kees meceeHle Je<e& kes ` 47
kejes[ kes efveJeue vekeoer yeefnie&ceve eoefMe&le efkeS ieS nQ, HeyebOeve HeceeefCele
efJeeere efJeJejCeeW kes DeeOeej Hej mecesefkele efkeS ieS nQ~
efJeeere efJeJejCeeW kes efueS eyebOeve keer efpeccesoejer
5. Fve efJeeere efJeJejCeeW keer leweejer kes efueS eyebOeve efpeccesoej nw pees Yeejleere
meveoer uesKeekeej mebmLeeve eje efveOee&efjle uesKee ceeveke-21-``mecesefkele efJeeere
efJeJejCe'', uesKee ceeveke-23 ``mecesefkele efJeeere efJeJejCe ceW meneesefieeeW ceW
efveJesMe kee uesKee'' Deewj uesKee ceeveke-27- ``mebegkele GeceeW ceW efnle keer
efJeeere efjHees&'' Deewj Yeejleere efj]peJe& yeQke keer DeHes#eDeeW kes Devegmeej nQ Deewj
yeQke keer efJeeere efmLeefle, efJeeere efve<Heeove Deewj vekeoer eJeen kee mener SJeb
mHe< efe$e emlegle kejles nQ~ Fme efpeccesoejer ceW efJeeere efJeJejCeeW keer leweejer
Deewj emlegefle mes mebyebefOele Deebleefjke efveeb$eCe keer DeefYekeuHevee, keeee&vJeeve
Deewj DevegHeeueve Meeefceue nw pees mener Deewj mHe< efe$e emlegle kejles nQ Deewj
efJe<eeJemleg mebyebOeer ieuele efJeJejCeeW mes cegkele nQ pees eens IeesKeeOe[er ee ieueleer
kes keejCe Dee ieS neW~
6. uesKee Hejer#eke keer efpeccesoejer
nceejer efpeccesoejer, DeHeves uesKee-Hejer#ee keee& kes DeeOeej Hej Fve efJeeere
efJeJejCeeW Hej DeHevee DeefYecele emlegle kejvee nw~ nceves DeHevee uesKee-Hejer#ee-
To
The Board of Directors,
State Bank of India
1.
We have audited the accompanying consolidated financial

statements of State Bank of India (the Bank) and its subsidiaries,
associates and joint ventures (the Group) which comprise
the consolidated Balance Sheet as at March 31, 2013, and the
consolidated Profit and Loss Account and the consolidated Cash
Flow Statement for the year then ended, and a summary of
significant accounting policies and other explanatory information.
Incorporated in these consolidated financial statements are the:
i.
Audited accounts of the Bank audited by 14 (fourteen) Joint

Auditors including us,
ii.
Audited accounts of 27 (twenty seven) subsidiaries, 24

(twenty four) Associates and 8 (Eight) joint ventures audited
by other auditors,
iii. Unaudited accounts of 1 (one) subsidiary and 1 (one)

associate.
2.
We have jointly audited the financial statement of the Bank along

with 13 other joint auditors, whose financial statements reflect
total assets of ` 15,66,261 crore as at March 31, 2013, and total
revenue of ` 1,35,692 crore and net cash inflows amounting to
`17,657 crore for the year then ended.
3.
We did not audit the financial statements of its Subsidiaries,

Associates and Joint Ventures whose financial statements reflects
total assets of ` 5,81,754 crore as at March 31, 2013, and total
revenue of ` 67,029 crore and net cash outflows amounting to
`2,480 crore for the year then ended. These financial statements
have been furnished to us, and our opinion, insofar as it relates to
the amounts included in respect of other entities, is based solely
on the report of the other auditors.
4.
The unaudited financial statements of 1 (one) subsidiary and 1

(one) associate, whose financial statements reflect total assets
of `3,427 crore as at March 31, 2013, total revenue of ` 157
crore and net cash outflows amounting to ` 47 crore for the year
then ended have been consolidated on the basis of management
certified financial statements.
Managements Responsibility for the Financial Statements

5.
Management is responsible for the preparation of these

financial statements that give a true and fair view of the financial
position, financial performance and cash flows of the Bank in
accordance with the requirement of the Accounting Standard 21
Consolidated Financial Statements, Accounting Standard 23
Accounting for Investment in Associates in Consolidated Financial
Statements and Accounting Standard 27 Financial Reporting of
Interest in Joint Ventures prescribed by the Institute of Chartered
Accountants of India and the requirements of Reserve Bank of
India.This responsibility includes the design, implementation and
maintenance of internal control relevant to the preparation and
presentation of the financial statements that give a true and fair
view and are free from material misstatement, whether due to
fraud or error.
Auditors Responsibility
6.
56
Our responsibility is to express an opinion on these financial

statements based on our audit. We conducted our audit in

accordance with the Standards on Auditing issued by the Institute
of Chartered Accountants of India. Those Standards require that
we comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance about whether the financial
statements are free from material misstatement.
keee& Yeejleere meveoer uesKeekeej mebmLeeve eje peejer uesKee-Hejer#ee ceevekeeW

kes DeeOeej Hej efkeee nw~ Fve ceevekeeW kes Debleie&le en DeHes#ee keer peeleer nw efke
nce DeHeveer uesKee-Hejer#ee keer eespevee Fme ekeej yeveeSb Deewj Gmes Fme ekeej
efve<Heeefole kejW, efpememes nce mecegefele He mes Fme yeejs ceW DeeMJemle nes peeSb efke
efJeeere efJeJejCeeW ceW efJe<ee-Jemleg mebyebOeer keesF& ieuele efJeJejCe veneR efoS ieS nQ~
7. uesKee-Hejer#ee kes Debleie&le efJeeere efJeJejCeeW ceW emlegle jeefMeeeW Deewj
ekeerkejCeeW kes meceLe&ve ceW efoS ieS mee#e keer Hejer#eCe DeeOeej Hej peebe
keer peeleer nw~ peeBe kes efueS egveer ieF& HeefleeeB uesKeeHejer#eke kes efJeJeske,
efJeeere efJeJejefCeeeW ceW OeesKeeOe[er ee $egef kes keejCe nesves Jeeueer efkemeer Yeer
Jemlegiele ieuele yeeeveer kes peesefKece kes cetueebkeve Hej DeeOeeefjle nesleer nw~ Gve
peesefKece cetueebkeveeW kee efveOee&jCe kejles mecee uesKeeHejer#eke yeQke kes efJeeere
efJeJejefCeeeW kees leweej kejves SJeb Gvekes Gefele emlegefle kes mebyebefOele Deebleefjke
efveeb$eCeeW kees meb%eeve ceW ueslee nw leeefke Fve HeefjefmLeefleeeW kes efueS mecegefele
uesKee Heefle kees ef[peeFve efkeee pee mekes~ uesKee Hejer#ee kes Debleie&le eyebOeve
eje eegkele uesKee-veerefleeeW leLee uesKee DeekeueveeW kes Deewefele leLee mecee
efJeeere efJeJejCeeW keer emlegefle kee cetueebkeve Yeer efkeee peelee nw~
8. nceW efJeMJeeme nw efke nceejs eje HeeHle uesKee Hejer#ee mee#e Heee&Hle nw Deewj
nceejs uesKee Hejer#ee DeefYecele kes efueS Ske mecegefele DeeOeej eoeve kejlee nQ~
DeefYecele
9. DeHeveer uesKee Hejer#ee Deewj efYeVe-efYeVe efJeeere efJeJejCeeW Hej Deve uesKee
Hejer#ekeeW keer efjHees&; DeuesKeeHejeref#ele efJeeere efJeJejCeeW Deewj Gmekes IekeeW
keer Deve efJeeere peevekeejer Hej efJeeej kejves Hej leLee nceW eoeve keer ieF&
metevee SJeb mHe<erkejCeeW kes DeeOeej Hej nceeje efJeeej nw efke mebueive mecesefkele
efJeeere efJeJejCe - Yeejle ceW meeceeveleee mJeerke=le uesKee efmeebleeW kes DevegHe
mener SJeb mHe< efe$e emlegle kejlee nw
31 ceee& 2013 keer efmLeefle kes Devegmeej mecetn keer efmLeefle kes mebyebOe ceW
(ke)
mecesefkele legueve He$e;
(Ke) Fmeer efleefLe kees meceeHle Je<e& kes efueS mecetn kes mecesefkele ueeYe Deewj neefve
Keeles ceW mecesefkele ueeYe kes mebyebOe ceW; Deewj
(ie) Fmeer efleefLe kees meceeHle Je<e& kes efueS mecetn kes vekeoer eJeen kes mecesefkele
vekeoer eJeen efJeJejCe kes mebyebOe ceW~
Oeeveeke<e&Ce
10. DeHeves DeefYecele kees HeefjJeefle&le efkeS efyevee, nce DeeHekee Oeeve efvecveefueefKele
keer Deesj Deekeef<e&le kejles nQ
yeQke Deewj Gmekeer osMeere Deveg<ebefieeeW keer eseger Deewj HeWMeve oeleeDeeW keer DeemLeefiele
jeefMe eceMe 422.43 kejes[ Deewj ` 720.40 kejes[ mes mebyebefOele efHHeCeer 3.1.5.2
Deewj 3.1.5.1 pees uesKee ceeveke (SSme) 15, kece&eejer efnleueeYe kes eeJeOeeveeW keer
eeespelee mes Yeejleere efj]peJe& yeQke eje DeHeves HeefjHe$e meb. [eryeerDees[er.yeer.Heer.yeer.
meer./80/21.04.018/2010-11 kes Devegmeej mejkeejer #es$e kes yeQkeeW kees oer ieF& t
kes keejCe keer ieF& nw~
7.
An audit involves performing procedures to obtain audit evidence

about the amounts and disclosures in the financial statements.
The procedures selected depend on the auditors judgment,
including the assessment of the risks of material misstatement
of the financial statements, whether due to fraud or error. In
making those risk assessments, the auditor considers internal
control relevant to the banks preparation and fair presentation
of the financial statements in order to design audit procedures
that are appropriate in the circumstances. An audit also includes
evaluating the appropriateness of accounting policies used
and the reasonableness of the accounting estimates made by
management, as well as evaluating the overall presentation of the
financial statements.
8.
We believe that the audit evidence we have obtained is sufficient

and appropriate to provide a basis for our audit opinion.
Opinion
9.
Based on our audit and on consideration of the reports of other

auditors on separate financial statements, the unaudited financial
statements and the other financial information of the components,
in our opinion and to the best of our information and according to
the explanations given to us, the attached consolidated financial
statements give a true and fair view in conformity with the
accounting principles generally accepted in India :
(a) in the case of the consolidated Balance Sheet, of the state of

affairs of the Group as at March 31, 2013;
(b) in the case of the consolidated Profit and Loss Account, of the
consolidated profit of the Group for the year ended on that
date; and
(c) in the case of the consolidated Cash Flow Statement, of the

cash flows of the Group for the year ended on that date.
Matter of Emphasis
10. Without qualifying our opinion, we draw attention to :
Notes 3.1.5.1 and 3.1.5.2 regarding deferment of gratuity and pension
liabilities of the Bank and its domestic subsidiaries to the extent of
` 422.43 crore and ` 720.40 crore respectively pursuant to the exemption
granted by the Reserve Bank of India to the public sector banks from of
application of the provisions of Accounting Standard (AS) 15, Employee
Benefits vide its circular no. DBOD. BP.BC/80/21.04.018/2010-11.
ke=les leesoer legueefmeeeve Sb[ keb.

meveoer uesKeekeej
Hece& HebpeerkejCe meb. 002180C
mLeeve keesuekeelee
efoveebke 23 ceF& 2013
For TODI TULSYAN & CO.

Firm Regn. No. 002180C
(megMeerue kegceej legueefmeeeve)

Yeeieeroej
meomelee meb. 075899

Partner
M. No. 075899
Place : Kolkata
Dated: 23rd May, 2013
57

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Yeejleere ms yeQke > Jeeef<e&ke efjHees& 2012-13 (mecesefkele)

State Bank of India > Annual Report 2012-13 (Consolidated)

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