State Bank of India PRESS RELEASE FOR THE FISCAL 2009-10 A.

SBI STAND ALONE RESULTS Net Profit for FY10 maintained at Rs. 9166 crores against Rs. 9121 crores in FY09. - Net Interest Income up by 13.41% in FY10 over FY 09. Net Profit for Q4FY10 at Rs. 1867 crores against Rs. 2742 crores in Q4FY09 - Net Interest Income up by 38.82% in Q4FY10 over Q4FY 09. _ FY 10 Vs FY 09 NII increased by 13.41% in FY10 over FY09, while cumulative NIM, which had declined from 2.93% in FY09 to 2.30% in June 09 has improved sequentially to 2.43% in Sep 09, 2.56% in Dec 09 and 2.66% in Mar 10. Interest income on advances has increased by 9.11% YOY, despite a fall in yield by 49 bps from 10.15% as on Mar 09 to 9.66% as on Mar 10 owing to reduction in peak PLR by 200 bps and average PLR by 87 bps during FY 10 over FY 09. Income from resource operations increased by 13.40% as yields were low during FY 10 due to liquidity overhang. Growth in Interest expenses on deposits was contained at 14.23% during FY 10 against 40.13% growth during FY 09, through strategic shedding of high cost bulk deposits, which are down to just 1.79% of total deposits as compared to 10.74% a year ago and growth of 26.76% YOY in CASA deposits. Fee income is up by 26.57% YOY. Total other income is up by 17.94% despite profit on sale of investments coming down by Rs.451 crores. Forex income increased by 34.59%. Other Income (excluding profit on sale of investments) is up by 26.95%. 2 Operating Expenses up by 29.84% in FY10 over FY09, driven by five key costs, as the Bank invested heavily in laying the foundation for future growth: _ During Q4FY09, nearly 27,000 new employees came on board in various categories, the full impact of which on staff expenses was felt during FY10. The Bank has recruited 3,350 employees in FY10. _ Rs. 627 crores arrears for wage revision pertaining to previous years provided during FY10. _ Additional contribution for pension at Rs.1,998 crores against Rs.1,469 crores last year. _ Additional expenses of Rs.59 crores on Financial Inclusion. _ An expenditure of Rs. 347 crores incurred on opening of 1,049 new branches and installing 7,788 new ATMs during the year. Loan loss provision during FY10 at Rs.5147.84 crores against Rs. 2,474.97 crores made during FY09, an increase of 108% YOY. _ Q4FY 10 Vs Q4FY 09 NII increased by 38.82% to Rs.6,721 crores in Q4FY10 against Rs.4,842 crores in Q4FY09. In absolute terms, NII during Q4FY10 is the highest in last 8 quarters. Other Income down by 4.44% mainly due to 72% decline in profit on sale of investments. Other Income (excluding profit on sale of investments) is up by 27.22%. Operating expenses grew at 40.93% mainly due to increase in staff expenses as mentioned above (salary of new employees, increase in DA, provision for wage revision and additional provision for pension); while overheads grew at 26.42% due

2.78%. 6. Market share in Auto loans up by 180 bps from 15% as on Mar 09 to 16.4. 1. driven by robust growth in Home. an increase of 29 bps YOY.80% as on Mar 10.67% as on March 2010.480 crores in Mar 10.41. Home loans grew by 31.28% (15.64%.043 crores driven by CASA growth of 26. Incremental CD ratio during FY10 was 157%.42.71. _ ADVANCES Gross Advances up by Rs.1 in retail lending in 2009 and it continues to be No.31% (17. Almost 95% of our customers (in rural.32 lac new farmers during the year.69% YOY from a level of Rs.49% from Rs.54% from Mar 09 to Mar 10. _ TOTAL BUSINESS GROWTH OF Rs. Large and Mid Corporate advances have grown from Rs.15%. International advances up by 12. 62.04. 8.94% from Rs. resulting in a YOY growth of 8.27%.897 crores per month during FY 10.073 crores in Mar 09 to Rs.983 CRORES (YOY) Business Growth of Rs.51% (17. 4 Agri advances have grown by 16. SBI was No. 1. despite shedding of high cost bulk deposits by 50. Auto Loans up by 45.48.1.071 crores in Mar 10 despite hardening of the rupee.983 crores at the end of Mar 10 (Deposits Rs.892 crores in Mar 10 registering a growth of 14. while market share in low cost demand deposits at 17.22% as on Mar 10.70% as on Mar 09).043 crores & advances Rs.540 crores in Mar 09 to Rs.32% as on Mar 09 to 72.311 crores in Mar 09 to Rs. CASA ratio has improved from 39.76% and retail TD growth of 17.940 crores.21.44% YOY and Education Loans grew by 34. financial inclusion drive and HR initiatives. Auto and Education loans.193 crores in Mar 10. a growth of 16.43% as on Mar 09) is up by 8 bps.29% as on March 2009 to 46. 62.99% as on Mar 09).179 crores during FY 10.063 crores in Mar 09 to Rs.61 % from Mar 09 to Mar 10. 92. total CASA growth during the year being Rs. bucking the industry trend as the credit deposit ratio for ASCB has come down from 72. Market share in total deposits as on Mar 10 at 16. Savings Bank deposits grew at an average of Rs.73. Total disbursements under Agri Advances were Rs.301 crores in Mar 09 to Rs.to higher expenses incurred on opening of new branches and ATMs. a growth of 741 bps. _ DETAILS OF PROFIT AND LOSS ACCOUNT (Rs. Total provisions up by 31. an increase of 693 bps.54.34. 86. Credit Deposit Ratio is up to 73.116 crores in Mar 10.1 in 2010.168 crores. semi urban and urban areas) are first time home buyers. 92.56% as at the end of Mar 10 from 66.54. Market share in advances as on Mar 10 at 16.54. 97.36% in deposits from Rs.93.940 crores). 7. Credit extended to 12.63% at the end of Mar 09. 5. 3 _ DEPOSITS Deposits of the Bank went up by Rs. in crores) 2008-09 2009-10 Growth Q4 FY Q4 FY Q4FY10 Over Q4FY09 . declined by 139 bps YOY.

AUCA) Provision Coverage (Incl.322 -10.867 9.994 3.31% 9.42% 56.230 38.714 Details of increase in NPAs by Rs.00% Total Provisions 2535 8.86% 1.06.873 6. 674 crores during Q4FY10 Fresh Slippages 11.94% Total Operating Income 9.084 46.30% Total Interest Expenses 12.691 4.166 -31.755 52.187 5.283 15.11% Int on Resources Operations 5.44% 17.59% 11.79% 1.031 International -89 Write off 1.088 16.84% Operating Profit 5.19% Mar 10 3.AUCA) ^ March 09 2. 171 410 328 1.640 17.24% 56.79% 38.41% Total Non-Interest Income 4.27% 4.794 3.915 5.27% Net Interest Income 4.671 38.05% 10.966 70.535 Agriculture -74 .968 -4.93% 29.592 12.88% 40.55% 45.16% Sep 09 2.991 SME 107 Closing level of NPAs 19.321 -1.350 9.633 7.FY10 Over FY09 Interest on Advances 12.87% 30.194 18.113 92.12% Total Staff Expenses 2.2009 As on 31.58% 2.036 20.155 31.73% 42.11% 1.560 33.934 5.03.121 1. in crores) FY10 Opening level of Gross NPAs 15.842 20.40% Other Sundry Int.09.244 47.843 Corporate 1.319 40.670 19.10 Gross NPAs 15318 17376 18861 19535 Growth during the quarter -396 2058 1485 674 5 Movement of NPAs (Rs.42% 28.475 2.444 7.14% Dec 09 3.49% Total Interest Income 17.70% 108.82% 13.99% 1.41% 171.23% ^ Provision Coverage Ratio for past reworked in line with RBI guidelines Growth in NPAs contained as a result of which additions to Gross NPAs have come down sequentially during the last few quarters as under: (Rs.721 23.05% 1.248 -8.564 11.148 68.405 12. in crores) As on 30.296 2.967 50.747 3.26% Loan Loss Provisions 1.22% 13.509 14.47% 15.87% 59.974 4.49% _ ASSET QUALITY: Gross NPA Net NPA Provision Coverage (Excl.93% 0.2009 As on 31.12.10% Net Profit 2.36% 59.564 26.327 9.062 Upgradation + Recovery 6.915 11.649 6.17% Total Operating Expenses 4.2009 As on 30.15% 62.277 17.98% June 09 2.85% Total Overhead Expenses 1.718 12.901 2.342 63.742 9.500 42.788 17.72% 44.

75 crores in FY09 (excluding extraordinary income of Rs.30% as on Mar 09. 1. C. 185 crores during FY09. SBI Cards has emerged as the most trusted brand by being the undisputed Gold Award winner in the Reader¶s Digest Trusted Brands Survey 2009 in the Credit Card category. driven by an increase of 73% in Fee income.84% in FY10 from 15. Sequentially.955 crores for FY09. 2010 stood at Rs.82% in Q3FY10 and 2. a YOY growth of 100%. taking the slippage ratio for these to 9. pension contribution and lower profits from sale of investments. As per Basel I the CRAR was 12. PERFORMANCE OF ASSOCIATES AND SUBSIDIARIES Associate Banks¶ net profit increased by 17. SBI DFHI Ltd has recorded a net profit of Rs. SBI GROUP NET PROFIT SBI Group Net Profit for FY10 at Rs. 10. Yield on advances (YOA) at 9.74% from Rs. B.16. 150 crores during FY10 as against Rs. recruitment of new employees.07% last year. Market share of SBI life amongst private insurers increased to 18.66% in FY10 is lower by 49 bps as compared to 10.34% from 16. compared to 14.1.56% as on 31st Dec 09 to 2.11% from Rs. SBI Life has recorded a profit of Rs. NIM for the quarter has improved to 2. SBI Capital Markets Ltd has posted a PAT of Rs.88% in FY10 from 1.2.703 crores. Net loss before tax during FY10 is down by 17% to Rs.00.89 crores during FY 10 which is the highest in last six years.598 crores. _ KEY FINANCIAL RATIOS: Return on Assets (ROA) declined to 0.45%.39 % in Q4FY09.59% as on Mar 10 from 46.80% as on Mar 10 from 6. 11.98 Crs). ========================================================= . cost of deposits has come down by 12 bps from 5.62%. Rs. Return on Equity declined to 14.96% in Q4FY10 from 2. 276 crores in FY10 as against a loss of Rs. 28.495 crores to Rs.62% as on Mar 09 due to higher operating expenses incurred on branch and ATM expansion.04% in FY09.616 crores have slipped into NPA category upto Mar 10. 6 As per Basel II the CRAR of the Bank is at 13. Average Cost of Deposits has been brought down by 50 bps to 5.66% as on 31st March 10.25% last year. 26 crores in FY09. a YOY growth of 94%.5.774 crores to Rs.00% and Tier I was 8.154 crores against a loss of Rs.46% as on Mar 10.734 crores up by 7.6.Growth during the quarter 674 Retail -332 Slippages from Restructured Assets Out of the standard restructured assets of Rs.15% in FY09 driven by an average reduction of 87 bps in PLR during the year and nearly 70% of the growth in advances being sub-PLR during the year. Operating profit of all associate banks increased by 20. SBI Caps has crossed the milestone of Rs. AUM of the company as on March 31. Cost to income ratio has increased to 52. 3.796 crores restructured under RBI dispensation.92% as on Dec 09. Net Interest Margin (cumulative) improved from 2.08% from Rs.000 crores in syndication. 74.39% as at the end of Mar 2010. with Tier 1 at 9.266 crores in FY10.00% as on March 09.

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