Quarterly Results Q1FY16

Quarterly Results Q1FY16

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. State Bank of India 2

Agenda Our 6 Key Objectives Our Approach to Achieving Objectives Our Q1 Performance State Bank of India 3

Our 6 Key Objectives: A Quick View 1 Improving Asset Quality Improving end-to-end credit process for sustained improvement in Asset Quality 2 Cost Rationalization Focus on Operating Expenses 3 Risk Management Risk as an integral part of decision making Risk based budgeting 4 5 6 Unleashing the power of Digital Improving Customer Delivery Repositioning HR Offering innovative, cutting edge digital products and payment services Building strategic partnerships Simplifying and digitising sales and delivery processes Improving customer service standards Improving performance and motivating work force for efficient resource planning Revamping the career development system State Bank of India 4

Agenda Our 6 Key Objectives Our Approach to Achieving Objectives Our Q1 Performance State Bank of India 5

1 Improving Asset Quality: Reactive to Proactive Three Pronged Strategy Sourcing Monitoring Resolution 5.11 Initiatives Maintain high entry level standards for new customer acquisition Cash Flow based financing Encourage growth of risk-mitigated products Project Vijay for enhanced SME customer engagement Financing Agri supply chain, from Farm to Fork Agri loans through Corporate tie-ups Early Warning System software identifying incipient stress Digitisation of inspection process Introduction of Dynamic Rating SMS alerts for timely EMI payments Tele-calling as a means of follow-up Streamlining post-stress legal & recovery processes Tele-calling small value stressed and written off accounts E-auction of properties Standardising process for sale to ARCs Slippage Ratio (%) Credit Cost (%) 3.19 2.19 0.84 1.25 1.01 302 Recovery in w/o accounts 421 430 Q1FY14 Q1FY15 Q1FY16 Jun 13 Jun 14 Jun 15 State Bank of India 6

2 Cost Rationalisation Optimizing Expenses Rent Initiatives Space Audit Network Optimization Roll out of 250 sbi INTOUCH Branches Centralisation of lease rentals and renewals Migration to Tech Channels 72% through all tech channels, of which 41% through digital Stationery Insurance Efficiency in cash management Centralised Back Office Web based outsourced solution for stationery procurement Centralised Outsourced Cheque printing Centralized insurance for cost rationalisation and expeditious claim settlement Optimizing number of Currency Chests High tech, end-to-end cash handling machines Cash in ATMs through predictive modelling Back office centralisation in India for Foreign Offices Operating Expenses YOY% Overheads Staff Expenses 22.00 13222 15141 8.26 10904 18381 22504 23537 FY13 FY14 FY15 10.34 3152 3712 5565 5906 Q1FY15 Q1FY16 State Bank of India 7

3 Risk Management Key Initiatives Risk Based Budgeting introduced RAROC Dynamic Internal rating review of borrowal accounts Impact Risk based budgeting of business units Two key parameters : Return on Credit RWA & Credit RWA to TLAs Reference point for optimum allocation of capital to increase returns (ROE/ROA) Ongoing review/ assessment of Risk to facilitate early corrective actions Risk Mitigated Portfolio of SME (% of Total) 30.9 25.3 20.5 Jun 13 Jun 14 Jun 15 State Bank of India 8

4 Unleashing the Power of Digital Key initiatives Cutting edge digital products Strategic partnerships Payments Services Online Loan against Shares & FDs SBI e forex Contact less Debit Cards Amazon PayPal Snapdeal Ola cabs Others in Process SBI M- cash Xpress Collect Card Fx Out SBI Buddy e-wallet (Launch forthcoming) INTOUCH 250 branches to be opened this year Alternate Channels 385 Tech Learning Centres for customers Cash recyclers for efficient cash handling Swayam barcoded passbook printing and M Passbook No. 1 in volume in Mobile Banking State Bank of India 9

5 Improving Customer Delivery Key Initiatives Simplifying Bricks to Clicks Jun 14 Total 61.60% KIOSK, 3.1 INB, 16.2 Delivery POS, 3.2 Services OCAS (Online Customer Acquisition Solution) CEEP (Customer Experience Excellence Programme) TATkal for expeditious home loan processing Revamping Corporate Salary Package Remote RM concept for servicing high value customers e- KYC Services More services through ATMs, INB, Mobile and Contact Centres 8850 talking ATMs and 2600 wheel chair friendly ramps Wealth Management services on the anvil Online registration for Net Banking, Nomination, INB password reset, Linking of Adhaar/LPG customer ID, generation of Form 15G/H, Interest Certificates etc. SBI Quick, M- pass book SBI Rewardz : Enterprise wide programme to enhance Customer engagement MBS, 1.6 Share of Alternate Channels(%) ATM/CDM, 3 7.5 Jun 15 Total 71.60% POS, 4.4 MBS, 2.3 KIOSK, 5.3 INB, 17.0 ATM/CDM, 4 2.6 State Bank of India 10

6 Repositioning Human Resources Key Initiatives New Career Development System (CDS) Manpower Planning Talent Management & Capability Building Improving Standards Service Technology to enhance staff productivity Impact Aligning Performance Evaluation and incentives with Business Objectives and Employee Aspirations Efficient allocation of human resources towards customer facing roles Matching skills with roles Training to upgrade skills extensive use of e-learning Senior Executives mentoring branch staff CBS Roopantar for business process optimization Using analytics for Lead Generation and Cross Sell/ Up sell State of the -Art HRMS Business Per Employee (Rs. in crores) Profit Per Employee (Rs. in lacs) 12.34 13.41 10.64 9.44 6.45 4.85 6.02 6.89 FY13 FY14 FY15 Q1FY16 250000 200000 150000 100000 50000 0 Training Gap No. of Employees No. of Employees Trained Training Gap(%) 229151 222809 55.45 213238208019 213701 41.71 129878 102097 52585 2.45 FY13 FY14 FY15 Q1FY16 60.00 50.00 40.00 30.00 20.00 25% 10.00 0.00 Trained in Q 1 State Bank of India 11

SBI well positioned across the entire GDP value chain Consumption Pan India (K2K) positioning with an universal appeal 3.5 lakh+ Touch Points 28.6 crore+ Active Customer Base #1 in all retail loans Financial Inclusion/PMJDY accounts 7.81 crores Investment Leading term loan (35% of total credit) lender for large and mid corporates Strong Investment Banking Arm Major Player in Project Finance Government Maximum dividends paid to Government 68% market share in receipts and payments in Government Business Largest tax collector on behalf of Government of India Trade International Banking Network of 191 Offices in 36 Countries Largest provider of export credit 976 Trade finance branches in India Trade and Capex facilitation lines with multilateral institutions JBIC,K Exim,EIB,KFW Germany State Bank of India 12

Agenda Our 6 Key Objectives Our Approach to Achieving Objectives Our Q1 Performance State Bank of India 13

Performance Highlights Net Profit SOLO Rs. 3,692 crores (Rs.3,349 crores) 10.25% GROUP Rs.4,714 crores YOY (%) SOLO Q1FY16 over Q1FY15 Net Profit 10.25 Operating Profit 4.72 Non Interest Income 19.66 Fee Income 12.86 (Rs.4,448 crores) 5.97% Gross NPA Ratio Net NPA Ratio -61 bps - 42 bps Figures in bracket indicate Q1FY15 State Bank of India 14

NII and Operating Profit Rs in Crores Q1FY16 Q4FY15 Q1FY15 Q1FY16 Over Q1FY15 (%) Interest Income 39,643 40,101 36,487 8.65 Other Income 5,088 8,515 4,252 19.66 Total Income 44,731 48,616 40,739 9.80 Interest Expenses 25,911 25,389 23,235 11.52 Net Interest Income 13,732 14,712 13,252 3.62 Operating Expenses 9,618 10,818 8,717 10.34 Operating Profit 9,202 12,409 8,788 4.72 Cost to Income ratio 51.10 49.85 49.80 State Bank of India 15

Net Profit - a Snapshot Rs in Crores Q1FY16 Q4FY15 Q1FY15 Q1FY16 over Q1FY15(%) Operating Profit 9,202 12,409 8,788 4.72 Total Provisions 5,510 8,667 5,439 1.31 Loan Loss 3,359 4,635 3,903-13.96 Standard Assets 396 1,829 77 415.70 Investment Depreciation 180-84 -552 132.62 Other Provisions 65 212 68-5.02 Income Tax 1,510 2,074 1,942-22.25 Net Profit 3,692 3,742 3,349 10.25 State Bank of India 16

Components of Interest Income/Expenses Rs in Crores Q1FY16 Q4FY15 Q1FY15 Q1FY16 over Q1FY15(%) Interest on Loans 28,582 28,269 27,560 3.71 Interest on Resources 10,254 9,635 8,266 24.04 Other Interest income 808 2,198 661 22.14 Total Interest Income 39,643 40,101 36,487 8.65 Interest on Deposits 24,097 23,185 21,076 14.34 Interest on Borrowings 854 836 1,202-29.00 Other Interest paid 960 1,368 957 0.31 Total Interest Expenses 25,911 25,389 23,235 11.52 State Bank of India 17

Components of Other Income Rs in Crores Q1FY16 Q4FY15 Q1FY15 Q1FY16 over Q1FY15(%) Fee Income 3,202 4,901 2,837 12.86 Profit/Loss on Sale of Investments 872 1,659 587 48.67 Forex Income 489 535 433 12.86 Dividend Income 32 616 20 63.46 Misc Income 492 804 375 31.20 of which: Recovery in w/o accounts 430 870 421 2.11 Total Other Income 5,088 8,515 4,252 19.66 State Bank of India 18

Components of Fee Income Rs in Crores Q1FY16 Q4FY15 Q1FY15 Q1FY16 over Q1FY15(%) Fee Income 3,202 4,901 2,837 12.86 of which : Loan Processing Charges 381 1,027 355 7.27 Commission on Govt. Business 571 476 528 8.17 Commission on LC/BG 768 842 675 13.90 Transaction Fees 801 1,636 707 13.36 Cross Selling 76 184 73 3.93 Others 605 736 500 21.00 State Bank of India 19

Components of Operating Expenses Rs in Crores Q1FY16 Q4FY15 Q1FY15 Q1FY16 over Q1FY15(%) Staff Expenses 5,906 6,567 5,565 6.14 of which : Salary 4,756 5,166 4,661 2.04 Contribution for Employees 1,151 1,401 904 27.32 Overheads 3,712 4,251 3,152 17.75 of which: Rent, Taxes and Lighting 854 911 758 12.75 Depreciation 392 41 302 29.61 Printing and Stationery 77 155 66 16.23 Postage& Telecommunications 151 190 107 40.72 Repairs and Maintenance to Bank's Property 136 142 130 4.70 Travelling & Halting 170 196 172-0.71 Insurance 417 462 374 11.63 Other Expenditure 1,514 2,154 1,243 21.76 Operating Expenses 9,618 10,818 8,717 10.34 State Bank of India 20

Key Performance Indicators: Performance Ratios Earning Per Share (Rs) Book Value(Rs) 17.94 17.55 19.52 150.30 160.84 162.54 Jun 14 Mar 15 Jun 15 ROA (%) Jun 14 Mar 15 Jun 15 ROE(%) 0.74 0.68 0.72 11.94 11.17 12.30 Jun 14 Mar 15 Jun 15 Jun 14 Mar 15 Jun 15 State Bank of India 21

Key Performance Indicators: Performance Ratios Yield on Advances (%) Cost of Deposits (%) 10.50 10.55 10.33 6.34 6.39 6.35 Jun 14 Mar 15 Jun 15 Domestic NIM (%) Jun 14 Mar 15 Jun 15 Whole Bank NIM (%) 3.54 3.54 3.29 3.13 3.16 2.99 Jun 14 Mar 15 Jun 15 Jun 14 Mar 15 Jun 15 State Bank of India 22

Retail Deposits Drive Growth Rs in Crores 88,618 8,89,032 (% YOY growth) FOs TD (1) (18) 87,754 7,52,029 CASA 41.70% 96,845 CA (8 ) 89,710 SB ( 10) 5,39,050 4,89,422 CASA 43.51% Jun 15 Jun 14 Total 16,13,545 YOY Gr 13.72% 14,18,915 Market Share 17.16% 16.54% State Bank of India 23

Diversified Exposure Across Sectors Share % 3 19 36,268 2,50,950 (% YOY growth) (12) Misc FOs (12 ) 32,312 2,23,758 Rs in Crores Share % 2 18 21 9 13 15 20 2,80,114 Retail (16) 2,42,480 1,15,813 Agri (-2) 1,18,380 1,74,591 SME (1) 1,73,010 2,00,035 MCG 2,16,087 ( -7) 2,55,964 CAG 2,26,261 (13) 20 10 14 18 18 Jun 15 Jun14 Total 13,13,735 YOY Gr 6.61% 12,32,288 Market Share 15.74% 16.49% State Bank of India 24

Diversified Exposure Across Industry Product / Segment Rs in Crores Jun 15 Mar 15 Jun 14 Jun 15 Level % Share Level % Share Level % Share YOY Gr % YTD Gr % Infrastructure 1,71,914 16.18 1,77,253 16.10 1,53,136 15.18 12.26-3.01 Iron & Steel 75,761 7.13 80,610 7.32 67,266 6.67 12.63-6.02 Textiles 40,545 3.81 42,533 3.86 43,099 4.27-5.93-4.67 Petroleum & 27,035 2.54 35,440 3.22 30,347 3.01-10.91-23.72 Petrochemicals Engineering 27,796 2.62 27,696 2.52 25,925 2.57 7.22 0.36 Other Industries 1,71,543 16.14 1,84,844 16.79 1,82,428 18.09-5.97-7.20 Services 71,481 6.73 76,305 6.93 73,091 7.25-2.20-6.32 Trade 62,156 5.85 66,460 6.04 58,317 5.78 6.58-6.48 Comm. Real Estate 18,627 1.75 17,540 1.59 14,061 1.39 32.48 6.20 Home Loans 1,63,678 15.40 1,59,237 14.46 1,44,210 14.30 13.50 2.79 Auto Loans 33,229 3.13 32,149 2.92 28,202 2.80 17.82 3.36 Other Retail Loans 83,207 7.83 81,043 7.36 70,067 6.95 18.75 2.67 Agriculture 115,813 10.90 119,782 10.88 118,380 11.74-2.17-3.31 Total Domestic Advances 10,62,785 100.00 11,00,892 100.00 10,08,530 100.00 5.38-3.46 State Bank of India 25

Retail Advances Distribution of Retail Loans(%) Distribution of Home Loans(%) Rs in Crores Other Per. 24.2 22.7 5.5 6.2 Education 11.9 11.6 Auto 58.4 Home 59.5 Above 28 25 Rs.30 lacs 72 Upto Rs.30 75 lacs Jun 15 Jun 14 Total 2,80,114 2,42,480 Total Jun 15 Jun 14 1,63,678 1,44,210 Level Home Auto Education Other Per. Total Jun 14 1,44,210 28,202 14,945 55,122 2,42,480 Mar 15 1,59,237 32,149 15,464 65,579 2,72,429 Jun 15 1,63,678 33,229 15,449 67,758 2,80,114 YOY Growth Abs. 19,468 5,027 504 12,636 37,634 YOY Growth % 13.50 17.82 3.37 22.92 15.52 State Bank of India 26

SME Advances 29,404 29,533 Rs in Crores Jun 15 Jun 14 8,931 1,042 10,886 10,631 9,933 8,072 4,695 5,088 ABL Bills Dealer Finance CGTMSE OD Level ABL Bills Dealer Finance CGTMSE OD B/S Fin Total Jun 14 1,042 29,533 8,072 9,933 5,088 1,19,342 1,73,010 Mar 15 7,408 30,914 10,745 10,482 4,886 1,17,038 1,81,473 Jun 15 8,931 29,404 10,886 10,631 4,695 1,10,044 1,74,591 YOY Growth Abs. 7,889-129 2,814 698-393 -9,298 1,581 YOY Growth % 757.1-0.4 34.9 7.0-7.7-7.8 0.91 State Bank of India 27

Agri Advances AgriSegmental Advances Jun 15 Jun 14 Rs. in Crores 94,765 92,351 4,117 5,306 1,336 1,265 15,595 19,458 Crop production Farm Mechanization Horticulture Other Agri Term Loan Level Investment/ Collateralized by Gold Crop / Production Agri Allied Credit out of A & B (A) (B) Amt. Share % Total Jun 14 92,351 26,029 40,281 34.03 1,18,380 Mar 15 95,651 24,131 40,546 33.85 1,19,782 Jun 15 94,765 21,048 38,805 33.51 1,15,813 YOY Abs. 2,414-4,981-1476 -2,567 YOY % 2.61-19.14-2.17 State Bank of India 28

Capital Adequacy Rs in Crores Basel III CAR% 12.51% 12.44% 12.33% 12.00% 12.00% Tier II 3.19% 2.72% 2.70% 2.40% 2.38% 9.32% 9.72% 9.63% 9.60% 9.62% # Tier I Mar 13 Mar 14 Jun 14 Mar 15 Jun 15 RWA 10,05,640 11,26,863 11,28,605 12,20,552 12,44,708 # CET1 = 9.59 % State Bank of India 29

Non Performing Assets 4.75% 4.95% 4.90% 4.25% 4.29% Rs in Crores Gross NPA 51,189 61,605 60,434 56,725 56,421 Mar 13 Mar 14 Jun 14 Mar 15 Jun 15 2.57% 2.66% 2.12% 2.24% 2.10% Net NPA 21,956 31,096 31,884 27,591 28,669 Mar 13 Mar 14 Jun 14 Mar 15 Jun 15 * PCR % 66.58 62.86 62.68 69.13 69.49 * Provision Coverage Ratio State Bank of India 30

Gross NPAs by Sector Break-up of Gross NPAs Jun 15 Mar 15 Jun 14 Sector-wise Gross NPAs to Total Gross NPAs % Rs in Crores Sector Large Corporate Mid Corporate NPA Ratio % NPA Ratio % NPA Ratio% 1,026 0.40 1,510 0.54 1,441 0.64 21,468 10.30 23,029 9.76 24,632 10.98 SME 17,260 8.55 16,387 7.78 15,373 7.78 Large Corp Intl. Retail Agri. SME 1.8 2.6 2.4 4.5 4.6 6.0 5.8 4.5 5.8 19.2 18.8 19.7 30.6 28.9 25.4 Agri 10,856 9.36 10,652 8.90 11,884 10.04 Retail 3,272 1.17 2,528 0.93 3,499 1.45 Mid-Corp 38.1 40.6 40.7 International 2,540 1.01 2,619 1.17 3,605 1.61 Total 56,421 4.29 56,725 4.25 60,434 4.90 Jun 15 Mar 15 Jun 14 State Bank of India 31

Movement of NPAs Rs in Crores Q1FY16 Q4FY15 Q1FY15 Opening Level of Gross NPAs 56,725 61,991 61,605 Less :Recovery 1,209 4,485 3,185 Less: Upgradation 1,494 676 1,362 Less :Write-off 4,919 4,874 6,556 Add: Fresh Slippages 7,318 4,769 9,932 Net Increase -304-5,266-1,171 Closing Level of Gross NPAs 56,421 56,725 60,434 Recovery in W/o Accounts 430 870 421 State Bank of India 32

Details of Restructured Assets Rs in Crores Q1FY16 Particulars Std. NPA Total 1 Restructured Accounts as on 01.04.2015 55,843 15,386 71,229 2 Fresh Restructuring + Increase in O/S 3,936 2,076 6,012 3 Upgradation to Restructured Standard category 193-193 0 4 Restructured Standard Advances upgraded to full Standard advances -1,014 0-1,014 5 Downgradations of Restructured accounts -1,182 1,182 0 6 Write-off + Decrease in O/S + Closures 1,822 3,085 4,907 7 Total Restructured Accounts as on Jun 30, 2015 55,954 15,366 71,320 State Bank of India 33

Movement of Impaired Assets Rs in Crores Jun 15 Mar 15 Dec 14 Sep 14 Jun 14 1. Gross Advances 13,13,735 13,35,424 12,65,483 12,42,638 12,32,288 2. Gross NPAs 56,421 56,725 61,991 60,712 60,434 3. Net NPAs 28,669 27,591 34,469 32,997 31,884 4. Restructured Standard 55,954 55,843 46,542 43,962 42,236 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 ) 1,12,375 1,12,568 1,08,533 1,04,674 1,02,670 84,623 83,434 80,999 76,959 74,120 8.55 8.43 8.58 8.42 8.33 6.44 6.25 6.40 6.19 6.01 State Bank of India 34

We Touch Lives Touch Points Customer Base Branches 16,377 Debit card holders 20.8 crores CSPs 59,516 Total Touch Points 3.5 lacs Group ATMs 55,768 Fin. Inclusion/ Jan Dhan 7.8 crores Total Customers 28.6 crores INB 2.3 crores POS Mobile 2.2 lacs 1.6 crores State Bank of India 35

Enormous Physical Footprints 49 POS Transactions (in Lacs) 118 174 Mobile Banking Transactions (in Lacs) 130 154 238 Internet Banking Transactions (in Crores) 13.31 18.82 28.22 Jun 13 Jun 14 Jun 15 Jun 13 Jun 14 Jun 15 Jun 13 Jun 14 Jun 15 56.99 ATM Transactions (in Crores) 68.77 81.52 Debit Card spends (Rs. in Crores) 5,220 6,826 7,520 Contact Centres Avg no of Calls handled per Day (in Lacs) 2.67 4.08 4.53 Jun 13 Jun 14 Jun 15 Jun 13 Jun 14 Jun 15 Jun 13 Jun 14 Jun 15 State Bank of India 36

Financial Inclusion Financial Inclusion Accounts ( in Crores) 7.28 7.81 Financial Inclusion Deposits (Rs. in Crores) 3.33 3.86 2.03 3.53 3.95 3.76 3.95 Mar '13 Mar '14 Mar '15 Jun '14 Jun '15 PMJDY Pre-Jan Dhan Transactions through BC Channel (No. in Crores) 14.16 1048 2182 4415 2234 5125 Mar '13 Mar '14 Mar '15 Jun '14 Jun '15 Transactions (Amt. Rs. in Crores) 3.89 7.07 2.70 (3 Months) 5.44 13032 22525 38972 8252 (3 Months) 13911 Mar '13 Mar '14 Mar '15 Jun '14 Jun '15 Mar '13 Mar '14 Mar '15 Jun '14 Jun '15 State Bank of India 37

Financial Inclusion in SBI (contd ) Average Balance (Rs.) 656 Zero Bal. A/cs(%) 69 F.I A/cs PMJDY A/cs 618 606 55 54 53 56 49 517 Mar '13 Mar '14 Mar '15 Jun '15 Mar '13 Mar '14 Mar '15 Jun '15 Financial Literacy 117 RSETIs of our Bank conducted 10,536 training programmes. 2.79 lac Youth trained, of which 49% got settled. 214 Financial Literacy Centres (FLCs) conducted 30,892 outdoor activities, wherein 19.61 lac persons participated. Social Security Schemes (Enrolment up to 09.08.2015) Pradhan Mantri Suraksha Bima Yojana: 131.40 lac Pradhan Mantri Jeevan Jyoti Bima Yojana: 33.15 lac Atal Pension Yojana: 1.45 lac State Bank of India 38

SBI on Social Media State Bank of India among the Top 10 Banks world-wide in the list of Power 100 Banks Using Social Media - Report by The Financial Brand Total Videos Uploaded 161 Current Number of Subscribers - 8,621 Current Number of views - 20,05,091 Total No of Followers at present 2,50,008 Average Rise in Followers 1300 per day Expected to surpass 3.00 Lakh followers by end of this month Current Fanbase 32,83,580 Fanbase increased by over 12.31% over the last month i.e. a total of 3.50 lac fans were added during the month Recently joined LinkedIn. Launching soon on Pinterest and Instagram. State Bank of India 39

Performance Highlights of Associate Banks- Net Profit Rs in Crores Name Q1FY16 Q4FY15 Q1FY15 Q1FY16 Over Q1FY15(%) SBBJ 271 280 215 26.11 SBH 251 446 227 10.66 SBM 94 136 75 25.81 SBP 140 126 136 3.52 SBT 81 192 50 62.54 Total ABs 838 1,180 702 19.31 SBI 3,692 3,742 3,349 10.25 State Bank of India 40

Performance Highlights of Non-Banking Subsidiaries- Net Profit Rs in Crores Name Q1FY16 Q4FY15 Q1FY15 Q1FY16 over Q1FY15(%) SBI Life Insurance Company Pvt. Ltd 202 205 241-16.16 SBI Capital Markets Ltd 44 122 55-17.76 SBI Funds Management P Ltd 46 48 39 17.54 SBI Cards & Payment Services P Ltd 62 15 114-45.72 SBI Group 4,714 4,694 4,448 5.97 State Bank of India 41

Performance Highlights of Non-Banking Subsidiaries SBI Life registered 42% growth in New Business Premium. Gross Written Premium grew by 32%. Market share of New Business Premium (private) grew to 14.6% from 12.9%. Assets Under Management grew by 18% to Rs. 72,785 crs. Focus on Retail. Average AUM grew by 25.25% to Rs. 86,693 crs in Q1 FY16 against Rs.69,213 crs in Q1 FY15 - YoY. (In Q1 FY 16 Average AUM grew by 11.7% in comparison to Q4 of FY15 (Industry grew by 3.4%). Market share improved by 52 bps to 6.82% during the Q1 FY16 as against 6.30% in Q4 of FY15 which is highest in the industry. 87% of Equity assets are in top two quartiles and 86% of Debt assets (Direct Plan) are in top two quartiles. SBI Card is the 3rd largest issuer of credit cards with 15 % market share. Cards In Force improved by 12% to 32.7 lacs in June 15 against 29.2 lacs in June 14. Improved rank in Spends to 4 th position from 5 th with 12% of market share. State Bank of India 42

Balance Sheet (Solo) Liabilities (Rs in Crores) Jun-15 Mar-15 Jun-14 YOY Growth (%) Capital 757 747 747 1.35 Reserves and Surplus 1,35,208 1,27,692 1,21,052 11.69 Deposits 16,13,545 15,76,793 14,18,915 13.72 Borrowings 2,06,661 2,05,150 1,87,328 10.32 Other Liabilities & Provisions 94,934 1,37,698 86,359 9.93 Total Liabilities 20,51,104 20,48,080 18,14,401 13.05 Assets Cash & balances with RBI 77,227 1,15,884 73,449 5.14 Balance with Banks & Money at Call and Short Notice 37,009 38,872 30,229 22.43 Investments 5,62,879 4,81,759 4,36,101 29.07 Net Advances 12,80,127 13,00,026 11,98,903 6.77 Fixed Assets 9,428 9,329 8,143 15.78 Other Assets 84,434 1,02,210 67,577 24.95 Total Assets 20,51,104 20,48,080 18,14,401 13.05 State Bank of India 43

Balance Sheet (Consolidated) Liabilities (Rs in Crores) Jun 15 Mar-15 Jun-14 YOY Growth (%) Capital 757 747 747 1.35 Reserves and Surplus 1,69,253 1,60,641 1,51,371 11.81 Minority Interest 5,794 5,497 5,020 15.41 Deposits 21,03,799 20,52,961 18,72,302 12.36 Borrowings 2,42,393 2,44,663 2,25,775 7.36 Other Liabilities & Provisions 1,90,618 2,35,601 1,68,478 13.14 Total Liabilities 27,12,615 27,00,110 24,23,692 11.92 Assets Cash & balances with RBI 1,00,401 144,288 95,143 5.53 Balance with Banks & Money at Call and Short Notice 47,584 44,194 42,742 11.33 Investments 7,71,536 673,507 6,19,487 24.54 Net Advances 16,67,769 1,692,211 15,64,199 6.62 Fixed Assets 12,515 12,379 10,821 15.65 Other Assets 1,12,810 133,531 91,300 23.56 Total Assets 27,12,615 2,700,110 24,23,692 11.92 State Bank of India 44

Awards & Accolades Brand of the Year 2015 Socially Responsible Bank Magna Awards 15 Excellence & Leadership in CSR & Innovations in CSR Practices Golden Peacock Award for CSR Ranking Improved to 59 from 64 Best Bank (Public Sector) Excellence in Emerging Technologies for Large Enterprises Category State Bank of India 45

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