State Bank of India PRESS RELEASE Q1FY Operating Profit recorded a YOY growth of 18.06% Q1FY11, while sequentially it is up by 19.12%.

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SBI STAND ALONE RESULTS HIGHLIGHTS State Bank of India PRESS RELEASE Q1FY 2011-12 Operating Profit recorded a YOY growth of 18.06% Q1FY11, while sequentially it is up by 19.12%.

1 SBI STAND ALONE RESULTS HIGHLIGHTS State Bank of India PRESS RELEASE Q1FY Operating Profit recorded a YOY growth of 18.06% Q1FY11, while sequentially it is up by 19.12%. in Q1FY12 over Net Profit is lower by 45.66% at Rs.1584 crores against Rs.2914 crores in Q1FY11 due to higher investment depreciation and loan loss provisions. Sequentially net profit is up by Rs.1563 crores. Net Interest Margin up to 3.62% from 3.18% in June 10 and 3.07% in Q4FY11. Domestic NIM at 3.89% is higher than 3.44% for Q1FY11 and 3.33% for Q4FY11. PROFITABILITY Interest income up by 31.14% YOY driven by growth in Interest Income on Advances of 36.02% (8.62% in Q1 last year) due to 18.73% growth in advances and average PLR going up by 185 bps from June 10. Sequentially, interest income on advances is up by 12.30%, due to 2.12% growth in advances during the quarter and average PLR and Base rate being higher by 73 bps and 72 bps respectively. Interest expenses up by 30.04% YOY, contributed by increase in interest expenses on deposits by 26.55%. Sequentially, interest expenses on deposits are up by 6.81% due to increase of Rs.12,828 crores in Term Deposits and Rs.20,993 crores in saving bank deposits during the quarter as also increase in interest rates of both. NII increased by 32.80% in Q1FY12 over Q1FY11, while sequentially it is up by 20.37%. Fee Income is up by 9.27% YOY. Operating Expenses increased by 23.30% in Q1FY12: Staff expenses are up by 20.93% YOY due to: Write back of wage revision provision of Rs.845 crores in Q1FY11.

2 2 Increasee in DA from 39.60% in June 10 to 52.80% in June 11. Recruitment of 20,605 employees. Overheads of the Bank have increased by 27.36%. Total provisionss increased by Rs.2439 crores (75.73%) YOY: Higher loan loss provision of Rs.2782 crores against Rs.1733 crores in Q1FY11, of which Rs.2232 crores is specific provision and Rs.550 crs is counter cyclical provision. Of the Rs.2232 crores specific loan loss provision made in Q1FY12, Rs.995 crores is on account of increase in provisioning norms. Higher provision on investment depreciation of Rs.1048 crores against a write-back of Rs.298 croress in Q1FY11. Higher standard asset provision of Rs.288 crores against Rs.106 crores in Q1FY11, of which Rs.278 crores is on account of increase in provisioning norms for standard restructured accounts. TOTAL BUSINESS GROWTH OF Rs. 2,59,100 CRORES (YOY) Business Growth of Rs.2,59,100 crores at the end of June 11 (Deposits Rs. 1,34,775 crores & advances Rs.1,24,325 crores). DEPOSITS Deposits of the Bank went up from Rs.8,15,297 crores in June 10 to Rs. 9,50,072 crores in June 11 recording a YOY growth of 16.53%, driven by CASA growth of 18.76%, while term deposits are up by 15.36%. Retail Term Deposits grew by Rs.41,203 crores (13.36%) YOY, while there was an increase of Rs.15,383 crores during Q1FY12. Savings Bank deposits grew by Rs.60,428 crores (21.28%) YOY, while during the quarter there is an increase of Rs.20,993 crore. CASA ratio has improved from 47.51% as on June to 47.89% as on June 2011, an increase of 38 bps. Market share in deposits as on June 11 at 16.23% (16.12% as on June 10), increased by 111 bps YOY.

3 3 ADVANCES Gross Advances up by Rs.1,24,325 crores, a YOY growth of 18.73% from Rs.6,63,828 crores in June 10 to Rs.7,88,153 crores in June 11. Credit Deposit Ratio (Domestic) is up at 76.68% as at the end of June 11 from 74.85% at the end of June 10, an increase of 183 bps, while sequentially it is up from 76.32% at the end of Mar 11. Large Corporate advances have grown from Rs.95,603 crores in June 10 to Rs.1,14,122 crores in June 11 registering a growth of 19.37%. Mid-Corporate Advances up from Rs.1,31,160 crores to Rs.1,59,586 thereby registering a growth of 21.67% YOY. Retail advances have increased from Rs.1,40,315 crores in June 10 to Rs.1,65,131 crores in June 11, a growth of 17.69%. The main contributors are: Home loans grew by 20.37% YOY from a level of Rs.74,669 crores in June 10 to Rs.89,881 crores in June 11. Auto Loans up by 39.93% YOY and Education Loans grew by 21.30% from June 10 to June 11. SME Advances of the Bank are up by 21.15% from a level of Rs. 99,317 crores in June 10 to Rs.1,20,327 crores as at the end of June 11. Agri advances up from Rs.75,953 crores to 95,452 crores thereby registering a growth of 25.67% YOY. International advances went up by 5.27% from Rs.1,05,168 crores in June 10 to Rs.1,10,712 crores in June 11.

4 4 Details of Profit and Loss account are as follows: Rs. In Crores Growth (%) Interest on Advances Int. on Resources Operations Other Interest Income Total Interest income Interest Expenses Net Interest Income Non-Interest Income Operating Income Staff Expenses of which : Payment to Employees Contribution for Employees Overhead Expenses Operating Expenses Operating Profit Total Provisions Of which: loan Loss Net Profit Standard Assets Investment Depreciation Q1 Q1 Q1FY12 Over Q1FY June 10 Mar 11 June 11 ASSET QUALITY: There has been a net increase of Rs.2442 crores in NPAs during the quarter due to continued Rs.1060 crores increase in corporate sector NPAs, as much as Rs. 796 crores has come from the standard restructured portfolio. KEY FINANCIAL RATIOS: Net Interest Margin improved to 3.62% at the end of June 11 from 3.18% as on June 10 and 3.07% in Q4FY11. Gross NPA Net NPA 3.14% 1.70% 3.28% 1.63% 3.52% 1.61% stress in Mid Corporate, SME and Agri PCR 60.70% 64.95% 67.25% segments. Of the

5 5 Return on Assets (ROA) is lower at 0.50% in June 11 as compared to 1.07% in June 10 and 0.71% in March 11. Cost to income ratio is higher at 45.27% as compared to 44.20% for June 10 but improved from 47.60% in March 11. Average Cost of Deposits is up by 39 bps to 5.66% as on June 11 from 5.27% as on June 10 and by 40 bps from 5.26% as on March 11. Yield on Advances up by 113 bps to 10.43% as on June 11 from 9.30% as on June 10 and by 87 bps from 9.56% as on March 11. Consequently, interest spreads have increased by 74 and 47 bps respectively from 4.03% in June 10 and 4.30% in March 11 to 4.77% in June 11. As per Basel II, CRAR of the Bank is at 11.60% (Tier I: 7.60% %) as at the end of June 2011, compared to 13.12% (Tier I: 9.37%) at the end of June 10 and 11.98% (Tier I: 7.77%) at the end of March 11. Performance of Associates and Subsidiaries (Q1FY12): Net Profit of Associate Banks increased by Rs crores (10.67%) to reach a level of Rs crore as on June 11 as against Rs crore in June 2010, while operating profit is up by 2.05%. SBI Life has recorded a profit of Rs.144 crs as against Rs.114 crs as on June 10, a growth of % YOY. SBI Cards & Payment Services Pvt. Ltd recorded a Net Profit of Rs crores in Q1FY12 as compared to Rs.3.30 crores in June 10 and Rs.7.10 crore in FY11 after incurring continuous losses for the preceding three years. SBI GROUP PROFIT SBI Group Operating Profit for Q1FY12 at Rs.9246 crores is up by 13.32% from Rs.8159 crores in Q1FY11, while Net Profit is at Rs.2513 crores as compared to Rs.3365 crores in Q1FY11. ============ ================================== =============

State Bank of India PRESS RELEASE H1FY

SBI STAND ALONE RESULTS HIGHLIGHTS State Bank of India PRESS RELEASE H1FY 2011-12 Net Profit of the Bank is up by 12.36% YOY from Rs.2501 crores in Q2 FY11 to Rs.2810 crores in Q2FY12. Sequentially it