THE BANKER TO EVERY INDIAN

Quarterly Results Q1 FY 2012

1

NII growth drives Profitability

Rs. In Crores

Parameter Interest Income Interest Expenses Net Interest Income NIM (%) of which
NIM for Domestic Offices NIM for Foreign Offices

Q1 FY 11 18452 11148 7304 3.18 3.44 1.43

Q4 FY 11 21721 13663 8058 3.07 3.33 1.31

Q1 FY 12 24197 14498 9699 3.62 3.89 1.66

YOY Growth % 31.14 30.04 32.80 44 bps 45 bps 23 bps

NIM for FY 2011: Whole Bank 3.32, Domestic 3.39, Foreign Offices 1.49
2

Healthy growth in Fee Income

Rs. In Crores

Parameter
Fee Income Profit on sale of Investments Forex Income Dividend Income Misc Income Total Other Income

Q1 FY 11

Q4 FY 11

Q1 FY 12

YOY Growth %

2410 173 503 377 227 3690

3731 335 244 163 342 4815

2633 169 331 228 173 3534

9.27 -2.61 -34.09 -39.62 -23.67 -4.22

3

Operating Expenses
Rs. In Crores

Parameter
Salary Contribution for Employees Of which: Gratuity & Bonus Pension Total Staff Expenses Overhead Expenses Total Operating Expenses

Q1 FY 11

Q4 FY 11

Q1 FY 12

YOY Growth %

1451* 1623 1092 531 3074 1785 4859

3318 901 25 876 4219 2575 6794

2964 753 150 603 3717 2274 5991

104.33 -53.60 -86.26 13.56 20.93 27.36 23.30

4

* Write back of Rs.845 crores of wage provision

Operating Profit up by 18% sequentially

Rs. In Crores

Parameter
Operating Profit Total Provisions Of which: Income Tax Loan Loss Investment Depreciation Std Assets Net Profit

Q1 FY 11

Q4 FY 11

Q1 FY 12

YOY Growth %

6134 3220 1669 1733 -298 105 2914

6080 6059 1902 3264 304 631 21

7242 5659 1502 2782 1048 288 1584

18.06 75.73 -10.00 60.48 451.29 172.13 -45.66

5

Efficiency Ratios
In percentage

Parameter June-10 Mar-11 June-11

ROA

Parameter June-10 Mar-11 June-11

1.07 17.09

0.71 12.84

0.50 9.60 99.75 1039 45.27

Gross NPA

3.14 1.70 9.37 3.75 13.12

3.28 1.63 7.77 4.21 11.98

3.52 1.61 7.60 4.00 11.60

6

ROE EPS Book Value per Share C/I

Net NPA

183.61 130.16 1029 44.20 1014 47.60

Tier I Tier II

CAR

Distribution of Sources - % Share

June-10
Tier II Capital 3% Other Borr. & Liab. 12% Capital & Reserves 7%

June-11

Tier II Capital 3%

Other Borr. & Liab. 13%

Capital and Reserves 5%

Deposits 78%

Deposits 79%

Savings Bank drives Deposit Growth

(Rs. In crores) Term Deposits CA SB CASA Domestic Deposits FOs Deposits Whole Bank Deposits CASA Ratio (%) Jun-10 407027 78427 283959 362386 769413 45884 815297 47.51 Mar-11 456699 107059 323394 430453 887152 46781 933933 48.66 Jun-11 469527 85971 344387 430358 899885 50187 950072 47.89 YOY Growth % 15.36 9.62 21.28 18.76 16.96 9.38 16.53 38 bps

Savings Bank up by Rs.20,993 crores in Q1FY12 Retail TD up by Rs.15,383 crores in Q1FY12

8

Customer Acquisition Continues

Saving Bank (In lacs)
20.18 14.77

Current Account (In 000s)

2,479 1364 1320 2,384

1135

2,160

June 10

March 11

June 11

June 10

March 11

June 11
9

Diversified Exposure across Sectors and Industries

In Percentages

Across Sectors

Across Industries
Textiles 10% Petroleum 8%

Food Proc. 7%

AGL 12%

Misc 3% RETAIL 21%

CAG 15% MCG 20% SME 15%

Other Indus. 28%

Infra 20%

Iron&Steel 11%

INTL. 14%

Constr. 2%

Gems&Jew el. 3%

Chemicals 4% Engineering 7%

10

Growth in Key Industries

In percentage
Other Metals Infrastructure Gems & Jewellery Engineering Iron & Steel Textiles Food Processing Total Advances Real Estate Petroleum -23.60 -11.32 17.62 18.73 20.98 28.93 39.75 40.55 40.61 90.52

11

Composition of Advances Growth (1/2)

Large Corporate
19.37%

Mid Corporate
21.67%

Rs. In Crores

108,741 95,603

114,122 131160

157566

159586

June 10 International

March 11

June 11

June 10 SME

March 11
21.15%

June 11

5.27%

110,712 109,358 105,168

99317

119676

120327

June 10

March 11

June 11

June 10

March 11

June 11 12

Composition of Advances Growth (2/2)

Retail
17.69%

Agri

Rs. In Crores
25.67%

165,131 164,576 140,315 75953 94826 95452

June 10 Domestic

March 11
21.26%

June 11

June 10 Whole Bank

March 11
18.73%

June 11

558,660

662,444

677,440 663828

771802

788153

June 10

March 11

June 11

June 10

March 11

13 June 11

Market Leader in Retail Advances

Across Sectors Across Industries
In Percentages

INTL. 14% SME 15% MCG CAG 20% 15%

AGL 12% RETAIL 21%

Other Per 26% Edu Loans 7% Auto Loans 13% Home Loans 54%

Misc 3%

Level June-10 June-11 Growth Abs. Growth %

Home 74669 89881 15212 20.37

Auto 15397 21545 6148 39.93

Edu 9364 11359 1995 21.30

Other Per 40885 42346 1461 3.57

Total 140315 165131 24816 17.6914

Interest Spread up by 74 bps

In percentage
& Yield &

on Advances & Cost of Deposits

Interest Spread Cost of Deposits (%)

4.77 9.66 9.30 10.43 9.50 9.58 9.56 3.86 4.03 4.25 4.38 4.30

CD ratio (%)

Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

Cost of Funds

5.89 5.80 5.27 5.25 5.20 5.26 YOA 5.66 5.40 5.39 5.36 5.41 COD

5.85

Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
15

Growth in Market Share & CD Ratio

Deposits
SBI 16.12% 11 bps SBI 16.23%

In percentage

June-10 Advances
3 bps SBI 16.52% SBI 16.55%

June-11

CD Ratio 74.85%

CD Ratio 76.68%

16

Revenue & Expenditure

In percentage
Int. on Advances Int. on Res. Ops Other Sundry Int. Inc. Fee Income Forex Income Profit on Sale of Investments Misc Other Inc. Interest Expense Staff Expenses Overheads Income Tax Other Provisions Transfer to Reserves

RUPEE EARNED

65.8 20.1 1.3 9.5 1.2 0.1 1.5 52.3 13.4 8.2 5.4 14.99 5.7
17

RUPEE SPENT

Components of Interest Income

Rs. In Crores
YOY % Growth
Total Interest Income

24197
21,721 18,452 31

18256
Interest on Advances

16,257 13,422

36

5580
Interest on Resource operations

5,305 4,610

21

361
Other Sundry interest

160 420

-14

Q1 FY 12 Q4 FY 11 Q1 FY 11

18

Components of Interest Expenses

Rs. In Crores
YOY % Growth

14498
Total Interst Expenses

13,663 11,148

30

12756
Interest on Deposits

11,943 10,080

27

846
Interest on borrowings

907 357

137

896
Other Sundry interest

Q1 FY 12

814 711

26

Q4 FY 12 Q1 FY 11

19

Capital Adequacy
In Percentage Tier II 11.98* Tier I 11.60

13.39

13.12

3.94

3.75 4.21 4.00

9.45

9.37

7.77

7.60

Mar-10 Jun-10 Mar-11 Jun-11 * Rs.7,927 crores of pension liability for the period upto Mar-10 on account of wage revision taken through Capital Account.

20

Asset Quality
Rs. In crores / (%) 23,438
(3.17)
Gross NPA Net NPA

25,326
(3.28)

27,768
(3.52)

23,205 19,535
(3.05) 10,870 (1.72)

20,825
(3.14)

(3.35)

11,074 (1.70)

11,601 (1.70)

11,695 (1.61)

12,347 (1.63)

12,435 (1.61)

Mar-10

Jun-10

Sep-10

Dec-10

Mar-11

Jun-11

21

Movement of NPAs
Rs In Crores Q1FY11 Q4FY11 FY11 Q1FY12
Opening Level of NPAs Cash Recovery + Upgradation Write off Fresh Slippages Net Increase Closing Level of NPAs Break-up of NPAs -30.06.11 (%) Retail 15% Agri 19% SME 21%

19535

23438 19535

25326

Corp 37% Intl. 8%

2164

2666

8347

3076

627 4081 1290 20825

1091 5645 1888

4007 18145 5791

662 6180 2442 27768

Sector Corp Intl. SME Agri Retail Total Rs. in crores 10167 2284 5802 5255 4260 27768
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25326 25326

NPA POSITION IN CORPORATE AND SME Major Industries

Rs In Crores

Industry Iron and Steel+ Metal+mining Govt Sponsored Infrastructure Textiles Agro Based Paper/ Plastics etc Gems & Jewellery Trading Hospitality Retail Engineering
Education IT Others Grand Total

Fresh slipagges in Q1FY12 412 107 650 411 145 79 117 407 91 56 89
63 7 1,043 3,677

NPAs as on 30.06.11 2,134 1,750 1,550 1,459 1,213 676 614 544 472 436 359
337 328 4,096 15,968

23

Sector-wise movement of NPAs in Q1FY 12

Rs In Crores
Particulars Corp.

Intl. SME

Agri

Retail Total

Sector-wise % of NPAs
Sector Jun-10 Mar-11 Jun-11

Cash Recovery + Upgrad.

656

55

934

621

810

3076
Corporate

2.95 1.57 4.24 4.55 3.11 3.14

3.16 2.06 3.66 6.37 2.65 3.28

3.38 2.06 4.19 7.17 2.58 3.52

24

Write off

55

309

90

208

662

Internatio nal SME

Gross Reduction Fresh Slippages Net Increase

656

110

1243

711

1018

3738
Agri

1716

141

1961 1442

920

6180

Retail Total

1060

31

718

731

-98

2442

Details of Standard Assets Restructured (1/2)

Rs. In crores Accounts Restructured Under RBI's Scheme Under Banks Scheme Total FY 2009 10,777 2,015 12,792 FY 2010 6,019 10,838 16,857 FY 2011 1,599 3,101 4,700 Q1FY 12 0 564 564 Total 18,395 16,518 34,913

Slippages Under RBI's Scheme Under Banks Scheme Total

Upto Mar-10 1,616 1,059 2,675

During FY11 1,518 946 2,464

During Q1FY12 594 256 850

Upto June 11 3728 2261 5989

% slippages 20.27 13.69 17.16

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Details of Standard Assets Restructured (2/2)

Rs In Crores

Sector-wise break up
Sectors
Corporate

Slippages during Q1FY12

Total
Industries

RBI's Bank's Scheme Scheme

13209 12090

RBI's Scheme

Bank's Scheme
45

Total
45 5

25299

Electricals Engineering

5 23 47 102 410 21 40 29 594 253 37 36

SME

3948 1238 --

1585 502 2341

5533 1740 2341

Com. Real Estate Textiles

23 84 138 410 21 40 29 847

26

Retail

Iron & Steel Power

International

Health Care Trading & Retail

Total

18395

16518

34913

Plastic Total

Expanding Footprint
Jun-10 No. of Group Branches 18,049 12,567 150 21,751 16,584 271 590 47.29 260.39 3.17 6.76 23.43 Mar-11 18,266 13,542 156 25,005 20,084 285 728 62.57 457.74 10.13 51.85 27.66 Jun-11 18,324 13,577 157 25,444 20,450 279 770 67.31 523.16 14.32 28.06 31.40

Branches

No. of SBI Domestic Branches No. of Overseas Branches No. of ATMs for the Group

ATMs Debit Cards (in lacs)

Internet Banking (in lacs)
Mobile Banking (in lacs)

No. of ATMs for SBI Hits per day No. of Debit Cards No. of customers No. of transactions Registered mobile users No. of transactions

% of total transactions on alternate channels

67% (9073) of SBI branches are in rural & semi-urban areas

27

Consolidated Financials Q1 FY 2012

Rs. In Crores Q1FY11 Interest Earned Interest Paid Net Int. Income Other Income Operating Income Staff Exp. Overheads Operating Expenses Operating Profit Provisions Net Profit Q4FY11 Q1FY12 YOY Growth %

26313 15962 10351 6495 16846 4181 4506 8687 8159 4692 3365

30072 18638 11434 10071 21505 5393 7664 13057 8448 6979 1245

33417 20293 13124 5709 18833 4931 4656 9587 9246 6476 2513

27.00 27.13 26.79 -12.10 11.80 17.94 3.33 10.36 13.32 38.02 -25.34
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Highlights of Non-Banking Subsidiaries(1/2)

SBI Life AUM of the company as on 30.06.2011 stood at Rs.40,070 Crs. SBI Life has recorded a profit of Rs.144 Crs. as against a Rs.114 Crs. as on June 10. YoY growth of 26.8%. The company stands at No. 1 position with a market share of 19.8% in private insurance business as on May-11. SBI Cards & Payment Services Pvt. Ltd. Recorded a net profit of Rs.13.10 crs as against a net profit of Rs.3.30 crs. as on June 2010. Spends per account have increased from Rs.39,163 crs. in June. 10 to Rs.47,323 as on June 2011. SBI Card won the Readers Digest Most Trusted Brand for the third time in a row. Provision / Write offs have come down by over 21% as compared to June.2010. SBI Funds Management Pvt Ltd Average AUM for Q1FY12 is Rs.47,874 crs up from Rs.41,672 crs, a growth of over 15% (Industry grew by 6%). SBIMF market share improved from 5.95% to 6.44%. SBI MF was awarded gold in the Fund Management Category for trusted brands 2011 by Readers Digest. 29

Highlights of Non-Banking Subsidiaries(2/2)

SBI DFHI Posted a PAT of Rs.5.43 crs. The success ratio at T-Bill auctions for the quarter was 62.37% as against RBI requirement of 40%. SBI Capital Markets Ltd The company has posted a Net Profit of Rs.84 Crs. Ranked No 1 for India Loans Mandated Lead Arrangers by Thomson Reuters, with 40.80% market share. Ranked No. 1 for Initial Mandated Lead Arranger Global PF Loans with 10.5% market share (improved from 2nd Rank ). Ranked 1st in QIP with 22.2 % market share by Bloomberg (last year it was 27th with 0.4% market share). Mandated for 3 divestment issues namely SAIL, IOC & Hindustan Copper FPOs, which may fructify in the current year. SBI Pension Fund Pvt Ltd Posted a profit of Rs.10 lacs as against a net loss of Rs.9 lacs as on June 2010. AUM of Rs. 4210 Crs. as on 30.06.2011 as against Rs. 2744 Crs. as on 30.06.2010. 15 State Govts. and 2 Union Territories have handed over the corpus under NPS.
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THANK YOU
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