Annual Results FY15 22nd May 2015

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Wendy Shelton
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1 Annual Results FY15 22 nd May 2015

2 Safe Harbor Certain statements in these slides are forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. All financial and other information in these slides, other than financial and other information for specific subsidiaries where specifically mentioned, is on an unconsolidated basis for SBI only unless specifically stated to be on a consolidated basis for SBI Group. Please also refer to the statement of unconsolidated, consolidated and segmental results required by Indian regulations that has, along with these slides, been filed with the stock exchanges in India 2

3 Performance Highlights Net Profit FY15 SOLO Rs crores (Rs crores) 20.30% GROUP Rs crores (Rs crores) 19.90% Q4FY15 SOLO Rs.3742crores (Rs. 3041crores) 23.06% GROUP Rs.4694crores (Rs crores) 18.42% Figures in bracket indicate Q4FY14/FY14 YOY (%) Q4FY15 over Q4FY14 SOLO GROUP Net Profit Operating Profit Non Interest Income Expense Ratio bps - 58bps Gross NPA Ratio - 70 bps - 68bps Net NPA Ratio - 45 bps - 43 bps 3

4 NII and Operating Profit Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Interest Income 40,101 35, ,52,397 1,36, Other Income 8,515 6, ,576 18, Total Income 48,616 42, ,74,973 1,54, Interest Expenses 25,389 22, ,382 87, Net Interest Income 14,712 12, ,015 49, Operating Expenses 10,818 8, ,678 35, Operating Profit 12,409 10, ,914 32,

5 Net Profit - a Snapshot Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Operating Profit Total Provisions Loan Loss 6,061 6, ,086 15, Standard Assets (Incl. Unhedged Foreign Currency Exp) Investment Depreciation Other Provisions Income Tax Net Profit

6 Movement in Income Parameters Q4 Rs. In crores 8,058 11,591 11,078 12,903 14,712 Net Int. Income Q3FY 11 Q3FY 12 Q3FY 13 Q3FY 14 Q3FY 15 12,409 10,628 9,597 7,761 6,080 Operating Profit Q3FY 11 Q3FY 12 Q3FY 13 Q3FY 14 Q3FY 15 4,050 3,299 3,742 3,041 Net Profit- Solo 21 Q4FY 11 Q4FY 12 Q4FY 13 Q4FY 14 Q4FY 15 6

7 Components of Interest Income/Expenses Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Interest on Loans 28,268 26, ,12,344 1,02, Interest on Resources 10,142 8, ,593 32, Other Sundry Interest 1, ,460 1, Total Interest Income 40,101 35, ,397 1,36, Interest on Deposits 23,185 20, ,149 78, Interest on Borrowings 836 1, ,972 5, Other Sundry Interest 1,368 1, ,261 3, Total Interest Expenses 25,389 22, ,382 87,

8 Components of Other Income Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Fee Income 4,901 4, ,139 12, Profit/loss on Sale of Investments 1, ,618 2, Forex Income ,936 1, Dividend Income Misc. Income ,206 1, Total Other Income 8,515 6, ,576 18,

9 Components of Fee Income Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Loan Processing Charges 1, ,728 2, Commission on Govt. Business ,968 1, Commission on LC/BG ,011 2, Transaction Fees 1,636 1, ,892 3, Commission on Collection Misc Fee Income ,184 1, Total Fee Income 4,901 4, ,139 12,

10 Components of Operating Expenses Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Salary 4,418 3, ,987 15, Provision for wage revision Total Payment to Employees Normal Pension/Gratuity Contribution One time Provision for Pension Change in Mortality Table Payment for Pension & Gratuity due to Wage Revision Total Provision for superannuation benefits ,401 1, ,144 5, Total Staff Expenses 6,567 5, ,537 22, Overhead Expenses 4,251 3, ,141 13, Total Operating Expenses 10,818 8, ,678 35,

11 Components of Operating Expenses Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Payment to and Provisions for Employees Rent, Taxes and Lighting Printing and Stationery Advt. & Publicity Depreciation on Bank's Property Auditors Fee and Expenses Law Charges Postage, Telegrams, Telephone Repairs and Maintenance to Bk's Property Insurance Other Expenditure OVERHEADS OPERATING EXPENSES

12 Movement in Net Interest Margin Domestic NIM ( in % ) Cumulative Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 NIM-Cumulative Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 FOs Whole Bank

13 Domestic : Costs & Yields Cost of Deposits Yield on Advances Yield on Advances /Yield on Assets Cost of Deposits Mar13 Mar14 Jun14 Sep 14 Dec 14 Mar ( in % ) Cost of Funds Yield on Investments Mar13 Mar14 Jun14 Sep 14 Dec 14 Mar 15 13

14 Retail Deposits drive Growth Rs. In Crores Level YOY Growth Mar 15 Mar 15 Mar 14 Amt. % Whole Bank Deposits 15,76,793 13,94,409 1,82, Domestic Deposits 14,87,236 13,05,984 1,81, Deposits at FOs 89,557 88,425 1, Term Deposits 8,49,476 7,25,787 1,23, Of which: Retail TD 7,29,688 5,93,792 (%) ,35, Current Account 1,23,855 1,10,935 (%) , Savings Bank 5,13,905 4,69,262 (%) , CASA 6,37,760 5,80,197 57, CASA Ratio- Domestic (%)

15 Diversified Exposure across Sectors Rs. In Crores ,133 (% YOY growth) Misc 22,024 2,34,532 FOs (9) 2,14,302 Retail (15) 2,72,429 2,37,667 1,21,324 Direct ( 1) 1,20,253 Agri SME ( 19) 1,81,473 (1) 1,79,773 2,27,755 MCG ( 0) 2,28,384 2,71,778 CAG (12) 2,42,719 Share % Mar 15 Mar 14 Total 13,35,424 YOY Gr 7.25 % 12,45,122 15

16 Key Exposures: Domestic Rs. In crores Product / Segment Mar 15 Mar 14 Mar 13 Mar 15 Level % Share Level % Share Level % Share YOY Gr % Infrastructure 1,77, ,46, ,14, Iron & Steel 80, , , Textiles 42, , , Petroleum & Petrochemicals 35, , , Engineering 27, , , Other Industries 1,83, ,83, ,72, Services 76, , , Trade 66, , , Comm. Real Estate 17, , , Home Loans 1,59, ,40, ,19, Auto Loans 32, , , Other Retail Loans 81, , , Direct Agriculture 1,21, ,20, ,08, Total Domestic Advances 11,00, ,30, ,09,

17 Retail Advances Rs. In crores Distribution of Retail Loans(%) Other Per Education Auto 58.5 Home 59.2 Distribution of Home Loans(%) Above Rs.30 lacs 72 Upto Rs lacs Mar 15 Mar 14 Total Total Mar 15 Mar Level Home Auto Education Other Per. Total Mar 14 1,40,738 27,925 14,740 54,264 2,37,667 Mar 15 1,59,237 32,149 15,464 65,579 2,72,429 YOY Growth Abs. 18,499 4, ,315 34,762 YOY Growth %

18 Agri Advances Rs. In crores Mar 15 Mar ,651 88, ,093 18, ,466 5,520 1,447 2,137 4,6675, Crop Production Farm Mech Irrig. & Land Devp. SHGs Other Term Loan Level Crop / Production Investment/ Allied Credit Out of which: collateralized by Gold Agri Priority Amt. Share % Direct Indirect Total Mar 14 88,723 31,530 37, ,20,253 34,462 1,54,715 Mar 15 95,651 25,673 40, ,21,324 36,724 1,58,048 YOY Abs. 6,928-5,857 2,795 1,071 2,262 3,333 YOY %

19 CD Ratio & Market Share ( in % ) CD RATIO SBI ASCB Mar 12 Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar1 5 Market Share Series 1 DEPOSITS ADVANCES Series Mar 12 Mar 13 Mar 14 Mar 15 Mar 12 Mar 13 Mar 14 Mar 15 19

20 Capital Adequacy Rs. In crores Basel III CAR% 12.51% 12.44% 12.33% 12.33% 12.03% 12.00% Tier II 3.19% 2.72% 2.70% 2.71% 2.65% 2.40% 9.32% 9.72% 9.63% 9.62% 9.38% 9.60% # Tier I Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 RWA 10,05,640 11,26,863 11,28,605 11,26,967 11,53,231 12,20,552 # CET1 =9.31% 20

21 Asset Quality Rs. In crores Gross NPAs YOY, Gross and Net NPAs are down by 70 and 45 bps respectively 51,189 61,605 60,434 60,712 61,991 (4.75%) (4.95%) (4.90%) (4.89%) (4.90%) 56,725 (4.25%) Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Net NPAs 21,956 (2.10%) 31,096 31,884 32,997 (2.66%) (2.57%) (2.73%) 34,469 (2.80%) 27,591 (2.12%) Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 *PCR % * Provision Coverage Ratio 21

22 Gross NPAs by Sector Rs. In Crores Break-up of Gross NPAs Sector-wise Gross NPAs to Total Gross NPAs % Sector NPA Mar 15 Mar 14 Ratio % NPA Ratio % Large Corporate 1, , Mid Corporate 23, , SME 16, , Large Corp Intl. Retail Agri. SME Agri 10, , Retail 2, , Mid-Corp International 2, , Total 56, , Mar 15 Mar 14 22

23 Movement of NPAs Rs. In Crores Q4FY15 Q3FY15 Q2FY15 Q1FY15 Q4FY14 Opening Level of Gross NPAs 61,991 60,712 60,434 61,605 67,799 Less :Recovery 4, ,185 3,389 Less: Up gradation ,670 1,362 5,054 Less :Transferred to AUCA 4,874 5,096 4,787 6,556 5,698 Add: Fresh Slippages ,043 7,700 9,932 7,947 Net Increase -5,266 1, ,171-6,194 Closing Level of Gross NPAs 56,725 61,991 60,712 60,434 61,605 Recovery in W/o Accounts

24 Details of Restructured Assets Rs. In crores FY15 Particulars Standard NPA Total 1 Restructured Accounts as on Fresh Restructuring Up gradation to restructured standard category Restructured Standard Advances upgraded to full standard advances Down gradations of restructured accounts Transferred to AUCA + Decrease in O/S + Closures Total Restructured Accounts as on March 31,

25 Movement of Impaired Assets Rs. In Crores Mar 15 Dec 14 Sep 14 June14 Mar Gross Advances 13,35,424 12,65,483 12,42,638 12,32,288 12,45, Gross NPAs 56,725 61,991 60,712 60,434 61, Net NPAs 27,591 34,469 32,997 31,884 31, Restructured Standard (as per Revised RBI norms) 5. Total Gross NPAs plus Restructured Std. ( 2+4 ) 6. Total Net NPAs plus Restructured Std. ( 3+4 ) 7. Gross NPA + Restructured Standard to Gross Adv. % ( 5 1 ) 8. Net NPA + Restructured Standard to Gross Adv. % ( 6 1 ) 55,843 46,542 43,962 42,236 43,051 1,12,568 1,08,533 1,04,674 1,02,670 1,04,656 83,434 80,999 76,959 74,120 74,

26 Head Count Staff Strength as on Mar 15 Mar 14 Mar 13 Officers 78,540 80,531 81,651 Assistants 94,455 1,01,648 1,09,686 Sub-staff (Others ) 23,404 24,799 26,000 Watch & ward 16,839 15,831 11,814 Total 2,13,238 2,22,809 2,29,151 26

27 Branch Expansion Mar 15 Mar 14 Mar 13 Metro Urban Semi-Urban Rural Total 2,573 2,524 2,341 (15.8) (15.9) (15.8) 3,006 2,890 2,624 (18.4) (18.2) (17.7) 4,497 4,399 4,165 (27.5) (27.7) (28.1) 6,257 6,056 5,686 (38.3) (38.2) (38.4) 16,333 15,869 14,816 (100.0) (100.0) (100.0) Figures in brackets indicate percentage share in total branches 27

28 Expanding Footprint & Multiple Delivery Channels CAGR : Mar Branches 14,816 14,097 5% 15,869 16,333 Group ATMs 26% 32,752 27,286 51,491 54,560 Mar 12 Mar 13 Mar 14 Mar 15 Mar 12 Mar 13 Mar 14 Mar 15 Internet Banking Users * 35% Mobile Banking Users* % Mar 12 Mar 13 Mar 14 Mar 15 Mar 12 Mar 13 Mar 14 Mar 15 * In lacs 28

29 Expanding Footprint Total no. of POS Terminals Market Share 2% 10,673 8% 65,514 13% 1,35,853 17%* 2,00,878 Amt of POS txns during the Year(Rs. in Cr) No. of txns during the year (in lacs) , , ,383 Mar 12 Mar 13 Mar 14 Mar 15 *As on Dec 14 YOY Growth % Mar 12 Mar 13 Mar 14 Mar 15 Debit Card Spends : Point of sale & e-commerce Rs. In Crores 45% 30,785 Market Share for FY (upto Dec 14) 37% Others SBI 29% 22% 39% 45% 15,443 11,073 22,407 Mar 12 Mar 13 Mar 14 Mar 15 SBI ABs 3% D 5% A 17% C 15% B 9% Market leader in Debit Card spends over Point of Sale & e-commerce Source: RBI Website 29

30 Financial Inclusion CAGR : Mar Rural Branches 6,257 6,056 5% 5,686 Unbanked Villages Covered 87% 52,206 84,036 BC Channel transactions # 93% 22,525 38,973 5,382 12,931 20,531 5,392 13,033 Mar 12 Mar 13 Mar 14 Mar 15 No. of A/c s through BC Channel* 92% Mar 12 Mar 13 Mar 14 Mar 15 RSETIs No. of Candidates Trained 34% 1,60,378 2,07,419 2,65,688 Mar 12 Mar 13 Mar 14 Mar 15 FLCs- No. of outdoor activities undertaken 273% 28, ,11, ,723 7,913 Mar 12 Mar 13 Mar 14 Mar 15 Mar 12 Mar 13 Mar 14 Mar 15 Mar 12 Mar 13 Mar 14 Mar 15 * In lacs # Amount in crores (during the year) 30

31 SBI Solo Financials FY15 Rs. In crores /% Solo Mar 15 Mar 14 YOY % / bps ROA (%) bps ROE (%) bps Earning Per Share (Rs.) % Other Income to Operating Income (%) bps Expenses Ratio (%) bps 31

32 Performance Highlights of Associate Banks Rs. In crores Name FY15 FY14 PAT ROE % PAT ROE % SBBJ SBH 1, , SBM SBP SBT Total ABs 3, , SBI 13, ,

33 Performance Highlights of Non-Banking Subsidiaries Rs. In crores Name FY15 FY14 PAT ROE % PAT ROE % SBI Life Insurance Company P Ltd SBI Capital Markets Ltd SBI Funds Management P Ltd SBI Cards & Payment Services P Ltd SBI DFHI Ltd SBI Group 16, ,

34 Performance Highlights of Non-Banking Subsidiaries SBI Life Ranked 1 st in New Business Premium Net profit Rs. 820 crsup by 11% 20% growth in Gross Written Premium Rs crsassets Under Management up by 22% at Market Share increased to 4.9% from 4.2% SBI General Rs crs Gross Written Premium up by 33% (Earliest to achieve this in 5 years) Rs crsassets Under Management up by 61% Ranked 8 th among Private players up from 12 th last year 4.1% market share amongst Private players Motor manufacturer tie-ups with Toyota and Hyundai SBIMF Ranked 6 th in the industry and market share 6.30% Rs. 163 crsnet profit up by 5% Rs crs Assets Under Management up by11.36% 66% of Equity Fund and 88% Fixed Fund (Direct Plan) under Top Two quartiles in 1 year category (Equity -4 in Top and 9 in Top two quartiles) 34

35 Performance Highlights of Non-Banking Subsidiaries lacscards in Force (CIF) up by 10.49% SBI Card 3 rd in the industry in CIF with market share of 15% 32% growth in Spends 31% growth in Receivables Rs. 267 crsnet profit Dividend declared after eight years. Co-branded card launched: FBB Style up Card, Mumbai Metro Card and Contact less Signature card (last week) Rs.338 crsnet profit up by 27% Rs.667 crsfee income up by 18% SBI Capital Markets No. 1 Ranking Book Runner Asia Pacific Ex-Japan Bloomberg & Thomson Reuters No. 1 Ranking Mandated loans arranger by Bloomberg & Dealogic 35

36 Non-Banking Subsidiaries : Awards Received during FY: SBI Card SBI Capital Market SBICAP Securities Ltd SBIMF SBI Life SBI General SBI SG Global Securities Won Gold at Reader s Digest Trusted Brand Awards. Wining for the 6 th time IFR Asia Regional Awards High Yield Bond Tata Steel s USD 1.5 Bndual-tranche senior notes Asiamoney- Regional Capital Markets Awards- Best High Yield Bond Appreciation certificate from NSE for being Top Performing Members in 2014 under New client enrolment and Gold ETF Mobilization Most Trusted Brand 2014-Gold in the category of investment Banking & Mutual Funds by Readers Digest SBI Life has received 15 awards during the period under review, few of them are: Inspiring Work Place Award 2014 in BFSI The Most Admired Life Insurance Company and the Best Life Insurance Company in the Private Sector, in the BFSI 2014 Awards. Most Trusted Private Life Insurance Brand by The Economic Times, Brand Equity and Nielsen Survey for four consecutive years. Winner -icmg(inter Company Marketing Group) Excellence Award for Enterprise Architecture in 2014 Runner-up IAIDQ Data Quality Asia Pacific Award rd in unweightedand 4 th in weighted category in Global Investor ISF Sub-Custody Survey. 36

37 Balance Sheet (Solo) Rs. In crores LIABILITIES Mar 15 Mar 14 YOY Growth (%) Capital Reserves and Surpluses 1,27,692 1,17, Deposits 15,76,793 13,94, Borrowings 2,05,150 1,83, Other Liabilities & Provisions 1,37,698 96, Total Liabilities 20,48,080 17,92, ASSETS Mar 15 Mar 14 YOY Growth (%) Cash & balances with RBI 1,15,884 84, Balance with banks & money at call and short notice 58,977 47, Investments 4,95,027 3,98, Net Advances 13,00,026 12,09, Fixed Assets 9,329 8, Other Assets 68,836 43, Total Assets 20,48,080 17,92,

38 Rs. In crores Balance Sheet (Consolidated) LIABILITIES Mar 15 Mar 14 YOY Growth (%) Capital Reserves and Surpluses 1,60,641 1,46, Minority Interest 5,497 4, Deposits 20,52,961 18,38, Borrowings 2,44,663 2,23, Other Liabilities & Provisions 2,35,601 1,81, Total Liabilities 27,00,110 23,96, ASSETS Mar 15 Mar 14 YOY Growth (%) Cash & balances with RBI 1,44,288 1,14, Balance with banks & money at call and short notice 64,299 53, Investments 6,95,692 5,79, Net Advances 16,92,211 15,78, Fixed Assets 12,379 10, Other Assets 91,241 61, Total Assets 27,00,110 23,96,

39 Recent Some Recent Recognition Awards.. & (1/2) Brand of the Year 2015 by the World Branding Forum Socially Responsible Bank - Magna Awards 15 by Business world Magazine Excellence & Leadership in CSR -Golden Globe Tigers Awards by World CSR Day Innovations in CSR Practices-Golden Globe Tigers Awards by World CSR Day Golden Peacock Award for CSR by Institute of Directors, New Delhi Most Valuable Indian Brands 2014 by Brandz Top 50 Environmental Sustainability Award 2014 by BFSI Magazine Asia Sustainability Excellence Award 2014 by World CSR Congress Best in class Corporate Social Responsibility Practices Awards 2014 by CMO Asia Best Bank-Public Sector by BFSI 39

40 5/22/2015 8:22 PM 40

Quarterly Results Q3FY15

Quarterly Results Q3FY15 13 th February 2015 Safe Harbor Certain statements in these slides are forward-looking statements. These statements are based on management's current expectations and are subject