State Bank of India

PRESS RELEASE
FY 2011-12
SBI STAND ALONE RESULTS
HIGHLIGHTS

Net Profit increased from Rs.8,265 crores in FY11 to Rs.11,707 crores in FY12
(41.66% YOY growth)

Operating Profit increased from Rs.25,336 crores in FY11 to Rs.31,574 crores

in FY12 (24.62%YOY growth).

Capital Adequacy Ratio of the Bank increased from 11.98% (Tier I: 7.77%) in
Mar 11 to 13.86% (Tier I: 9.79%) in Mar 2012 (188 bps YOY growth).

Net Interest Income increased from Rs.32,526 crores in FY11 to Rs.43,291

crores in FY12 (33.10%YOY growth).

Net Interest Margin (Whole Bank) increased from 3.32% in FY11 to 3.85% in
FY12 (53 bps YOY growth). Domestic NIM increased from 3.63% in FY11 to
4.17% in FY12.

Dividend of Rs.35 per share (350%) proposed for the year ended 31st March 12.
PROFITABILITY
Q4FY12 OVER Q4FY11

Total Interest Income increased from Rs.21,721 crores in Q4FY11 to

Rs.28,583 crores in Q4FY12 (31.59%YOY growth) with a sequential growth of
3.13%.

Interest Income on Advances increased from Rs.16,257 crores in Q4FY11 to

Rs. 22,141 crores in Q4FY12 (36.20%YOY growth).

Interest Income on Resource Operations increased from Rs.5,305 crores in

Q4FY11 to Rs.6,307 crores in Q4FY12 (18.88%YOY growth).

Total Interest Expenses increased from Rs.13,663 crores in Q4FY11 to

Rs. 16,992 crores in Q4FY12 (24.36%YOY growth) with a sequential growth of
4.92%.

Interest Expenses on Deposits increased from Rs.11,943 crores in Q4FY11 to

Rs. 14,822 crores in Q4FY12 (24.10%YOY growth).

Net Interest Income increased from Rs.8,058 crores in Q4FY11 to Rs. 11,591
crores in Q4FY12 (43.84%YOY growth) with a sequential growth of 0.63%.

Net Interest Margin increased from 3.07% in Q4FY11 to 3.89% in Q4FY12, (

YOY growth of 82 bps).

Non Interest Income increased from Rs.4,815 crores in Q4FY11 to Rs. 5,376
crores in Q4FY12 (11.66%YOY growth).

Operating Expenses increased from Rs.6,794 crores in Q4FY11 to Rs. 7,371

crores in Q4FY12 (8.50%YOY growth).

Staff Expenses increased from Rs.4,461 crores in Q4FY11 to Rs.4,749 crores

in Q4FY12 (6.45%YOY growth).

Loan Loss Provisions is Rs.2,837 in Q4FY12 against Rs.3,264 crores in

Q4FY11 (13.08%YOY decline).
FY12 OVER FY11

Interest Income on Advances increased from Rs.59,976 crores in FY11 to

Rs.81,078 crores in FY12 (35.18%YOY growth).

Interest Income on Resources Operations increased from Rs.20,062 crores

in FY11 to Rs.24,300 crores in FY12 (21.12%YOY growth).

Interest paid on deposits increased from Rs.43,235 crores in FY11 to

Rs.55,644 crores in FY12 (28.70%YOY growth).

Non Interest Income decreased from Rs.15,825 crores in FY11 to Rs.14,351

crores in FY12 (9.31%YOY decline).

Staff Expenses increased from Rs.15,213 crores in FY11 to Rs.16,974 crores

in FY12 (11.59%YOY growth).

Total provisions increased from Rs.17,071 crores in FY11 to Rs.19,866 crores

in FY12 (16.37%YOY growth). Major heads as follows:
Loan loss provisions increased from Rs.8,792 crores, in FY11 to
Rs.11,546 crores (31.32% YOY growth).

Provisions on Investment depreciation increased from Rs.647 crores in

FY11 to Rs.664 crores in FY12 (2.62%)
DEPOSITS

Deposits of the Bank increased from Rs.9,33,933 crores in FY11 to

Rs.10,43,647 crores in FY12 a growth of 11.75%.

Savings Bank deposits increased from Rs.3,23,394 crores in Mar 11 to

Rs.3,59,847 crores in Mar 12 (11.27% YOY growth) .

ADVANCES

Gross Advances increased from Rs.7,71,802 crores in Mar 11 to Rs.8,93,613

crores in Mar 12 (15.78% YOY growth).

Credit Deposit Ratio (Domestic) increased from 76.3% in Mar 11 to 78.5% in

Mar 12, an increase of 220 bps.

Large Corporate advances increased from Rs.1,08,741 crores in Mar 11 to

Rs.1,25,023 crores in Mar 12 (14.97%. YOY growth).

Mid-Corporate Advances increased from Rs.1,57,566 crores in Mar 11 to

Rs.1,67,639 crores in Mar 12 (6.39% YOY growth).

Retail advances increased from Rs.1,64,576 crores in Mar 11 to Rs.1,82,427

crores in Mar 12 (10.85% YOY growth).

Home loans increased from Rs.89,913 crores in Mar 11 to Rs.1,02,739

crores in Mar 12 (14.26% YOY growth).

Auto Loans increased by 20.94% YOY and Education Loans increased by

13.20% YOY

SME Advances increased from Rs. 1,19,676 crores in Mar 11 to Rs.1,39,175

crores in Mar 11(16.29%YOY growth).

Agri advances increased from Rs.94,826 crores in Mar 11 to Rs.1,16,910 crores

in Mar 11 (23.29% YOY growth).

International advances increased from Rs.1,09,358 crores in Mar 11 to

Rs.1,35,724 crores in Mar 12 (24.11% YOY growth).

4
ASSET QUALITY:
(%)

Mar 11
June 11
Sep 11
Dec 11
Mar 12

Gross NPA
3.28
3.52
4.19
4.61
4.44

Net NPA
1.63
1.61
2.04
2.22
1.82

PCR

64.95
67.25
63.50
62.52
68.10

KEY FINANCIAL RATIOS:

Return on Assets (ROA) has increased to 0.88% in Mar 12 as against 0.71% in

Mar 11.

Cost to income ratio improved to 45.23% in Mar 12 from 47.60% in Mar 11.

Average Cost of Deposits increased from 5.26% in Mar 11 to 5.95% in Mar 12 (69
bps YOY growth).

Yield on Advances increased from 9.56% in Mar 11 to 11.05% in Mar 12 (149 bps
YOY growth).

Interest spreads have increased by 80 bps in Mar 12.

Performance of Associates and Subsidiaries:

Operating Profit of Associate Banks increased from Rs.7,569 crores in FY11 to

Rs.8,214 crores in FY12 (8.53% YOY growth).

The SBI Life Insurance Company Ltd has posted a profit after tax of Rs. 556 crores
a YOY growth of 52%.

SBI Cards & Payment Services Pvt. Ltds Profit after tax increased to Rs.38 crores
a YOY growth of 434%.

=========================================================

ANNEXURE
Details of Profit and Loss account for stand alone are as follows:
2010-11
Q4

2011-12

FY

Q4

Growth (%)
FY

Q4FY12
Over
Q4FY11

FY12
Over
FY11

Total Interest income

21721

81,394

28,583

106,521

31.59

30.87

Interest Expenses

13663

48,868

16,992

63,230

24.36

29.39

Net Interest Income

8058

32,526

11,591

43,291

43.84

33.10

Non-Interest Income

4815

15,825

5,377

14,351

11.66

-9.31

12874

48,351

16,968

57,643

31.80

19.22

Staff Expenses

4461

15,212

4,749

16,974

6.45

11.59

of which : Payment to Employees

3561

11,182

3,696

13,503

3.79

20.76

901

4,030

1,053

3,471

16.97

-13.88

Overhead Expenses

2333

7,804

2,622

9,095

12.40

16.54

Operating Expenses

6794

23,015

7,371

26,069

8.50

13.27

Operating Profit

6080

25,336

9,597

31,574

57.85

24.62

Total Provisions

6059

17,071

5,547

19,866

-8.46

16.37

Income Tax

1902

6,690

2,406

6,776

26.51

1.29

Loan Loss

3264

8,792

2,837

11,546

-13.08

31.32

Operating Income

Contribution for Employees

Investment Depreciation

304

647

27

664

-91.01

2.62

Standard Assets

631

977

375

979

-40.60

0.23

Other Provisions

-43

-34

-99

-98

20.88

8,265

4,050

11,707

Net Profit

41.66