Quarterly Results Q3FY15

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Kathleen Paul
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1 Quarterly Results Q3FY15 13 th February 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 YOY Q3FY15 over Q3FY14 Q3FY15 Net Profit SOLO GROUP SOLO Rs crores (Rs crores) GROUP Rs.3828 crores (Rs crores) Net Profit 30.24% 34.86% Operating Profit 22.00% 21.61% Non Interest Income 24.27% 18.25% Expense Ratio bps -105 bps Gross NPA Ratio - 83 bps -59 bps Capital Adequacy Ratio* (Basel III) Tier I % Overall 12.66% * with retained profit Figures in bracket indicate Q3FY14 3

4 NII and Operating Profit Rs. In Crores Q3FY15 Q3FY14 YOY % 9MFY15 9MFY14 YOY % Interest Income Other Income Total Income Interest Expenses Net Interest Income Operating Expenses Operating Profit

5 Net Profit - a Snapshot Rs. In Crores Q3FY15 Q3FY14 YOY % 9MFY15 9MFY14 YOY % Operating Profit Total Provisions Loan Loss Standard Assets Investment Depreciation Other Provisions Income Tax Net Profit

6 Movement in Income Parameters Q3 Rs. In crores Net Int. Income Q3FY 11 Q3FY 12 Q3FY 13 Q3FY 14 Q3FY Operating Profit Q3FY 11 Q3FY 12 Q3FY 13 Q3FY 14 Q3FY Net Profit- Solo Q3FY 11 Q3FY 12 Q3FY 13 Q3FY 14 Q3FY 15 6

7 Components of Interest Income/Expenses Rs. In Crores Q3FY15 Q3FY14 YOY % 9MFY15 9MFY14 YOY % Interest on Loans Interest on Resources Other Sundry Interest Total Interest Income Interest on Deposits Interest on Borrowings Other Sundry Interest Total Interest Expenses

8 Components of Other Income Rs. In Crores Q3FY15 Q3FY14 YOY % 9MFY15 9MFY14 YOY % Fee Income Profit/loss on Sale of Investments Forex Income Dividend Income Misc. Income Total Other Income

9 Components of Fee Income Rs. In Crores Q3FY15 Q3FY14 YOY % 9MFY15 9MFY14 YOY % Loan Processing Charges Commission on Govt. Busi Commission on LC/BG Transaction Fees Commission on Collection Misc Fee Income Total Fee Income

10 Components of Operating Expenses Rs. In Crores Q3FY15 Q3FY14 YOY % 9MFY15 9MFY14 YOY % Payment to and Provisions for Employees Rent, Taxes and Lighting ATM Expenses Depreciation on Bank's Property Insurance Postage, Telegrams, Telephone Travelling Expenses Repairs and Maintenance to Bk's Property Printing and Stationery Advt. & Publicity Law Charges Auditors Fee and Expenses Other Expenses OPERATING EXPENSES

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

12 Domestic : Costs & Yields Cost of Deposits Yield on Advances Yield on Advances /Yield on Assets Cost of Deposits Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep 14 Dec ( in % ) Cost of Funds Yield on Investments Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep 14 Dec 14 12

13 Retail Deposits drive Growth Rs. In Crores Level YOY Growth Dec-14 Dec-14 Mar-14 Dec-13 Amt. % Whole Bank Deposits Domestic Deposits Deposits at FOs Term Deposits Of which: Retail TD (%) Current Account (%) Savings Bank (%) CASA CASA Ratio- Domestic (%)

14 Diversified Exposure across Sectors Rs. In Crores (% YOY growth) Misc FOs (-3) (3) Share % Retail (13) Direct Agri SME (7) (-0.1) MCG (-0.3) (20) CAG Dec 14 Dec 13 Total YOY Gr 6.91%

15 Retail Advances Rs. In crores Distribution of Retail Loans(%) 23.6 Other Per Education 12.0 Auto 58.8 Home 58.5 Distribution of Home Loans(%) Above Rs.30 lacs 74 Upto Rs lacs Dec 14 Dec 13 Total Total Dec 14 Dec Level Home Auto Edu Other Per. Total Dec Mar Dec YOY Growth Abs YOY Growth % year CAGR(%)

16 Agri Advances Rs. In crores Dec 14 Dec Crop/Prod. Farm Mech Irrig. & Land Devp. SHGs Other Term Loan Crop / Production Investment/ Allied Credit Out of which: collateralized by Gold Agri Priority Level Amt. Share % Direct Indirect Total Dec Mar * Dec * YOY Abs * YOY % * Includes RIDF deposits 16

17 CD Ratio & Market Share ( in % ) CD RATIO SBI ASCB Mar 12 Jun 12 Sep 12 Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Market Share DEPOSITS ADVANCES Mar 12 Mar 13 Dec 13 Mar 14 Dec 14 Mar 12 Mar 13 Dec 13 Mar 14 Dec 14 17

18 Capital Adequacy Rs. In crores Basel III With retained profit CAR% 12.51% 11.59% 12.44% 12.33% 12.33% 12.03% 12.66% Tier II 3.19% 2.91% 2.72% 2.70% 2.71% 2.65% 2.65% 9.32% 8.68% 9.72% 9.63% 9.62% $ 9.38% 10.01% # Tier I Mar 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Dec 14 RWA $ CET 1 = 9.29% # CET1 = 9.92% 18

19 Asset Quality Rs. In crores YOY, Gross and Net NPAs are down by 83 and 44 bps respectively Gross NPAs (4.75%) (5.56%) (5.64%) (5.73%) (4.95%) (4.90%) (4.89%) (4.90%) Mar 13 Jun 13 Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Net NPAs (2.10%) (2.83%) (2.91%) (3.24%) (2.57%) (2.66%) (2.73%) (2.80%) Mar 13 Jun 13 Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 * PCR % * Provision Coverage Ratio 19

20 Gross NPAs by Sector Rs. In Crores Break-up of Gross NPAs Sector-wise Gross NPAs to Total Gross NPAs % Sector Large Corporate Mid Corporate NPA Dec 14 Mar 14 Dec 13 Ratio % NPA Ratio % NPA Ratio % SME Large Corp Intl. Retail Agri. SME Agri Retail Mid-Corp International Total Dec 14 Mar 14 Dec 13 20

21 Movement of NPAs Rs. In Crores Q3FY15 Q2FY15 Q1FY15 Q4FY14 Q3FY14 Q2FY14 Opening Level of Gross NPAs Recovery +Up gradation Write off Fresh Slippages Net Increase Closing Level of Gross NPAs Recovery in W/o Accounts

22 Details of Restructured Assets Rs. In Crores Particulars 9MFY15 Std NPA Total 1 Restructured Accounts as on Fresh Restructuring Increase in Outstanding Up gradation to restructured standard category Restructured Standard Advances upgraded to full standard advances Down gradations of restructured accounts Write-offs + Closures + Decrease in Outstanding Total Restructured Accounts as on December 31,

23 Movement of Impaired Assets Rs. In Crores Dec 14 Sep 14 June14 Mar 14 Dec 13 Mar Gross Advances Gross NPAs Net NPAs 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 )

24 Head Count Staff Strength as on Dec 14 Mar 14 Dec 13 Officers Assistants Sub-staff (Others ) Watch & ward Total

25 Branch Expansion Dec 14 Mar 14 Dec 13 Mar 13 Branches opened during 9MFY15 Metro Urban Semi-Urban Rural Total (15.8) (15.9) (16.0) (15.8) (11.3) (18.4) (18.2) (18.2) (17.7) (27.0) (27.6) (27.7) (27.9) (28.1) (23.1) (38.2) (38.2) (37.9) (38.4) (38.6) (100.0) (100.0) (100) (100.0) (100.0) Figures in brackets indicate percentage share in total branches 25

26 Expanding Footprint & Multiple Delivery Channels CAGR : Dec Branches % No of Branches added during last one year : Group ATMs 27% Dec 11 Dec 12 Dec 13 Dec 14 Dec 11 Dec 12 Dec 13 Dec 14 Internet Banking Users * Mobile Banking Users* 83 36% % Dec 11 Dec 12 Dec 13 Dec 14 Dec 11 Dec 12 Dec 13 Dec 14 * In lacs 26

27 Expanding Footprint Total no. of POS Terminals Market Share 1% % % %* Amt of POS txns during the 9 Months(Rs. in Cr) No. of txns during 9 months (in lacs) Dec 11 Dec 12 Dec 13 Dec 14 *As on YOY Growth % 42% % Dec 11 Dec 12 Dec 13 Dec 14 Debit Card Spends : Point of sale & e-commerce Rs. In Crores % % Dec 11 Dec 12 Dec 13 Dec 14 Market Share for FY (upto Oct 14) Others 29% SBI 22% 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 27

28 Financial Inclusion CAGR : Dec Rural Branches % Unbanked Villages Covered 87% BC Channel transactions # 97% Dec 11 Dec 12 Dec 13 Dec 14 No. of A/c s through BC Channel* 88% Dec 11 Dec 12 Dec 13 Dec 14 RSETIs No. of Candidates Trained 35% Dec 11 Dec 12 Dec 13 Dec 14 FLCs- No. of outdoor activities undertaken 226% Dec 11 Dec 12 Dec 13 Dec 14 Dec 11 Dec 12 Dec 13 Dec 14 Dec 11 Dec 12 Dec 13 Dec 14 * In lacs # Amount in crores (during the year) 28

29 SBI Solo Financials 9MFY15 Rs. In crores /% Solo Dec 14 Dec 13 YOY % / bps ROA (%) bps ROE (%) bps Earning Per Share (Rs.) % Other Income to Operating Income (%) bps Expenses Ratio (%) bps 29

30 Performance Highlights of Associate Banks Rs. In crores Name 9MFY15 9MFY14 PAT ROE % PAT ROE % SBBJ SBH SBM SBP SBT Total ABs SBI

31 Performance Highlights of Non-Banking Subsidiaries Rs. In crores Name 9MFY15 9MFY14 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 Group

32 SBI Cards & Payments Services Pvt Ltd: Performance highlights for 9M FY 15 Performance 232 PAT FY Apr-Dec FY Apr-Dec Rs. In Crs. YoY% 9% YoY Growth % New Accounts ( 000) % AIF ( 000) 2,259 2,493 10% Total Spends 13,042 17,006 30% Receivables 4,319 5,526 28% Robust business performance New accounts acquisition now on fast track... opened 70K accounts in Dec 14 (highest in 8 years). Net Revenue growth in line with receivables SBI cards ranked No.3 in terms of Cards In Force (CIF) with Market Share of 15% Technology & Investments Online reward redemptions live in Oct 14 Mobile servicing app launched for Android Net Revenue 848 1,084 28% 32

SBI General Insurance Co Ltd : Performance highlights for 9M FY 15 Leading General Insurance Company 2 nd position in Fire among Private Insurers 2 nd position in Personal Accident in the Industry 12

33 SBI General Insurance Co Ltd : Performance highlights for 9M FY 15 Leading General Insurance Company 2 nd position in Fire among Private Insurers 2 nd position in Personal Accident in the Industry 12 th rank among private players (out of 24 players) Market share moved upwards to 1.67% (industry) and 4% (private) respectively New Initiatives : *25% YOY growth against Industry growth of 9.32% Motor manufacturer tie ups Tie ups with RRBs and NBFCs New Health products launched through Bancassurance channel Accolades : Data Quality Asia Pacific Award 2014 icmg (inter Company Marketing Group) Excellence Award for Enterprise Architecture in 2014 *Company is expected to break even in FY GWP: Gross Written Premium 33

34 SBI Life Insurance Co Ltd : Performance highlights for 9M FY15 Top line growth 11% growth in New Business Premium (NBP) Ranked 3 rd in NBP among Pvt players 33% growth in Renewal Premium 22% growth in Gross Written Premium (GWP) Total market share increased from 3.6% to 4.6% & 15.20% among Pvt players. Financial hi ighlights Net profit grew by 14% to Rs. 615 crs 14% decrease in Opex to GWP ratio Persistency ratio of 71.6% Strong balan nce sheet Assets Under Management up by 22% at Rs. 67,323 crs Solvency ratio of 2.27 as mandate of 1.5 Accumulated profits of Rs. 2,921 crs 34

35 SBI Funds Management Pvt Ltd : Performance highlights Rs in Crores Financials In INR Crs Networth Revenue PAT April to Dec 2014 April to Dec 2013 Performance: 62% of AUM in Equity Funds and 92% of the AUM in Fixed Income Funds are in top two quartiles Awards : Voted as Most Trusted Brand 2014 Gold in the category of Investment Banking & Mutual Funds by Readers Digest. Products : PAN INDIA 42 New Funds launched - 1 open ended, 9 close ended funds & 32 Fixed Maturity Plans (FMP) till Dec Received SEBI approvals for 17 new Equity/Hybrid funds and 15 FMP s New Branches: Opened 52 branches since December 2013 taking the total number of branches to 161 Online Investing & Investor Education: To strengthen online digital strategy, launched a dedicated Online Investment Platform for Institutional Investors in addition to existing online platform for retail investors. Currently have 210,000 investors who have invested through this platform. Conducted 655 Investor Education meets till December

36 SBI Capital Markets Limited : Performance highlights for 9M FY 15 Awards & Rankings Maintained leadership position in the Project Finance space globally. Ranked as No. 1 Global Mandated Lead Arrangers & Financial Advisor for Project Finance Loans by Dealogic for the fifth consecutive year. No.1 Asia ex Japan Mandated Lead Arrangers by Bloomberg for the sixth year running. "Deal of the Year" Award for 2014 from M&A International Business World-Grant Thornton's 'Top INR Bonds & Loan deal-maker of the year' award. Tata Steel listed in the top Asia Syndicated Loans deals (ex Japan, ex Australia) Rs in Crores Gross Income PBT PAT Dec 14 Dec 13 36

37 Balance Sheet (Solo) Rs. In crores YOY Growth LIABILITIES Dec 14 Mar 14 Dec 13 (%) Capital Reserves and Surpluses Deposits Borrowings Other Liabilities & Provisions Total Liabilities ASSETS Dec 14 Mar 14 Dec 13 YOY Growth (%) Cash & balances with RBI Balance with banks & money at call and short notice Investments Net Advances Fixed Assets Other Assets Total Assets

38 Rs. In crores Balance Sheet (Consolidated) LIABILITIES Dec 14 Mar 14 Dec 13 YOY Growth (%) Capital Reserves and Surpluses Minority Interest Deposits Borrowings Other Liabilities & Provisions Total Liabilities ASSETS Dec 14 Mar 14 Dec 13 YOY Growth (%) Cash & balances with RBI Balance with banks & money at call and short notice Investments Net Advances Fixed Assets Other Assets Total Assets

39 Recent Recognition & Awards Some Recent Awards.. (1/2) 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 Asia Sustainability Excellence Award 2014 by World CSR Congress Best Trade Finance Provider-India 2015 by Global Finance Magazine Best Trade Finance Bank in India by the Asian Banker Magazine 39

40 2/13/2015 3:37 PM 40

Annual Results FY15 22nd May 2015

Annual Results FY15 22nd May 2015 Annual Results FY15 22 nd May 2015 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