sbi q1fy12 analyst ppt
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THE BANKER TO EVERY INDIAN
uarter yResults
Q1 FY 2012
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Parameter Q1 FY 11 Q4 FY 11 Q1 FY 12 YOY Growth%
Interest Income 18452 21721 24197 31.14
Interest Expenses 11148 13663 14498 30.04
Rs. In Crores
NII growth drives Profitability
Net Interest Income 7304 8058 9699 32.80
NIM (%)of which 3.18 3.07 3.62 44 bps
NIM for Domestic Offices 3.44 3.33 3.89 45 bps
NIM for Foreign Offices1.43 1.31 1.66 23 bps
2NIM for FY 2011: Whole Bank 3.32, Domestic 3.39, Foreign Offices 1.49
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Parameter Q1 FY 11 Q4 FY 11 Q1 FY 12 YOYGrowth %
Fee Income 2410 3731 2633 9.27
Profit on sale of 173 335 169 -2.61
Rs. In Crores
Healthy growth in Fee Income
n
ves men s
Forex Income 503 244 331 -34.09
Dividend Income 377 163 228 -39.62
Misc Income 227 342 173 -23.67
Total Other Income 3690 4815 3534 -4.22
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Parameter Q1 FY 11 Q4 FY 11 Q1 FY 12 YOYGrowth %
Salary 1451* 3318 2964 104.33Contribution for Employees 1623 901 753 -53.60
Of which: 1092 25 150 -86.26
Rs. In Crores
Operating Expenses
Pension 531 876 603 13.56
Total Staff Expenses 3074 4219 3717 20.93
Overhead Expenses 1785 2575 2274 27.36
Total Operating Expenses 4859 6794 5991 23.30
4* Write back of Rs.845 crores of wage provision
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Parameter Q1 FY 11 Q4 FY 11 Q1 FY 12 YOY Growth%
Operating Profit 6134 6080 7242 18.06
Total Provisions 3220 6059 5659 75.73
Rs. In Crores
Operating Profit up by 18% sequentially
Of which:Income Tax
Loan Loss
InvestmentDepreciation
Std Assets
1669 1902 1502 -10.00
1733 3264 2782 60.48
-298 304 1048 451.29
105 631 288 172.13
Net Profit 2914 21 1584 -45.665
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ParameterJune-10 Mar-11 June-11
ROA 1.07 0.71 0.50
Parameter June-10 Mar-11 June-11
Gross NPA 3.14 3.28 3.52
Efficiency RatiosIn percentage
ROE 17.09 12.84 9.60
EPS 183.61 130.16 99.75
Book Valueper Share 1029 1014 1039
C/I 44.20 47.60 45.27
Net NPA 1.70 1.63 1.61
Tier I 9.37 7.77 7.60
Tier II 3.75 4.21 4.00
CAR 13.12 11.98 11.60
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Distribution of Sources - % Share
Capital &Reserves
7%
Tier IICapital
3%
Other Borr.& Liab.
12%
June-10 June-11
Capital andReserves
5%
Tier IICapital3%
Other Borr.& Liab.
13%
Deposits78% Deposits
79%
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Savings Bank drives Deposit Growth
(Rs. In crores) Jun-10 Mar-11 Jun-11 YOY Growth%
Term Deposits 407027 456699 469527 15.36
CA 78427 107059 85971 9.62
SB 283959 323394 344387 21.28
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CASA 362386 430453 430358 18.76Domestic Deposits 769413 887152 899885 16.96
FOs Deposits 45884 46781 50187 9.38
Whole Bank Deposits 815297 933933 950072 16.53
CASA Ratio (%) 47.51 48.66 47.89 38 bps
Savings Bank up by Rs.20,993 crores in Q1FY12
Retail TD up by Rs.15,383 crores in Q1FY12
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Saving Bank (In lacs) Current Account (In 000’s)
Customer Acquisition Continues
20.18
14.77
June 10 March 11 June 11
1135
13201364
June 10 March 11 June 11
2,160
2,3842,479
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Across IndustriesAcross Sectors
CAG15%
AGL12%
RETAIL
Misc3%
Food Proc.7%
Textiles10%
Petroleum8%Other
Indus.28%
In Percentages
Diversified Exposure across Sectors and Industries
MCG20%
SME
15%
INTL.
14%
21%
Chemicals4%
Iron&Steel11%
Engineering7%
Gems&Jewel.3%
Constr.2%
Infra20%
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Engineering
Gems & Jewellery
Infrastructure
Other Metals
20.98
40.61
40.55
90.52
Growth in Key IndustriesIn percentage
Petroleum
Real Estate
Total Advances
Food Processing
Textiles
Iron & Steel
-11.32
-23.60
18.73
17.62
39.75
28.93
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95,603
108,741114,122
Large Corporate
Composition of Advances Growth (1/2)Mid Corporate
19.37% 21.67%
Rs. In Crores
131160157566 159586
June 10 March 11 June 11
SME
June 10 March 11 June 11
99317119676 120327
International5.27%
21.15%
June 10 March 11 June 11
12June 10 March 11 June 11
105,168109,358
110,712
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Retail
Composition of Advances Growth (2/2)
Agri17.69% 25.67%
Rs. In Crores
140,315
164,576165,131
7595394826 95452
Whole BankDomestic21.26% 18.73%
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June 10 March 11 June 11
June 10 March 11 June 11
558,660662,444 677,440
June 10 March 11 June 11
June 10 March 11 June 11
663828
771802 788153
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Across IndustriesAcross Sectors
SME15%
INTL.14% AGL12%
RETAIL21%
HomeLoans54%Edu
OtherPer26%
In Percentages
Market Leader in Retail Advances
15%20%Misc3%
AutoLoans13%
oans7%
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Level Home Auto Edu Other Per TotalJune-10 74669 15397 9364 40885 140315June-11 89881 21545 11359 42346 165131
Growth Abs. 15212 6148 1995 1461 24816Growth % 20.37 39.93 21.30 3.57 17.69
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& &Yield on Advances & Cost of Deposits Cost of Deposits (%)
Interest Spread up by 74 bps
9.669.30 9.50 9.58 9.56
10.43
Interest SpreadIn percentage
3.86 4.034.25 4.38 4.30
4.77
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CD ratio (%)
5.80 5.27 5.25 5.20 5.26 5.66
Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
YOA COD
Cost of Funds
5.89
5.40 5.39 5.36 5.41
5.85
Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
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SBI16.12%
Deposits
Growth in Market Share & CD Ratio11 bps In percentage
SBI16.23%
Advances3 bps
16
June-10 June-11
SBI16.55%SBI
16.52%
CD Ratio 74.85% CD Ratio 76.68%
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Int. on Advances
Int. on Res. Ops
Other Sundry Int. Inc.
Fee Income
Forex Income
Profit on Sale ofInvestments
65.8
1.3
9.5
1.2
0.1
20.1
Revenue & Expenditure
RUPEE EARNEDIn percentage
Misc Other Inc.
Interest Expense
Staff Expenses
Overheads
Income Tax
Other Provisions
Transfer to Reserves
1.5
52.3
8.2
5.4
14.99
5.7
13.4
RUPEE SPENT
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Interest on Advances
Total Interest Income
18,452
16,257
21,721
18256
24197
Components of Interest Income
31
36
Rs. In CroresYOY % Growth
Other Sundry interest
Interest on Resource operations
420
4,610
,
160
5,305
361
5580
Q1 FY 12
Q4 FY 11
Q1 FY 11
-14
21
18
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Components of Interest Expenses
Rs. In Crores
Interest on Deposits
Total Interst Expenses
11,148
11,943
13,663
12756
14498
27
30
YOY % Growth
19
Other Sundry interest
Interest on borrowings
711
357
10,080
814
907
896
846
Q1 FY 12
Q4 FY 12
Q1 FY 11
137
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Capital Adequacy
3.94 3.754.21 4.00
Tier II
Tier I11.98*13.12
11.60
13.39
In Percentage
Mar-10 Jun-10 Mar-11 Jun-11
9.45 9.377.77 7.60
* Rs.7,927 crores of pension liability for the period upto Mar-10 on account of wagerevision taken through Capital Account.
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Gross NPA Net NPARs. In crores / (%)
Asset Quality
19,535 20,82523,205
23,438 25,32627,768
(3.05)(3.14)
(3.35) (3.17)
(3.28)(3.52)
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Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
10,870 11,074 , , , ,
(1.72) (1.70) (1.70) (1.61) (1.63) (1.61)
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Rs In Crores
Movement of NPAs
Break-up of NPAs -30.06.11 (%)Q1FY11 Q4FY11 FY11 Q1FY12
OpeningLevel ofNPAs
19535 23438 19535 25326
CashRecovery
Corp37%
Intl.SME
Agri19%
Retail15%
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Sector Rs. in croresCorp 10167Intl. 2284SME 5802Agri 5255Retail 4260
Total 27768
+Upgradation
Write off 627 1091 4007 662
Fresh
Slippages4081 5645 18145 6180
Net Increase 1290 1888 5791 2442
ClosingLevel ofNPAs
20825 25326 25326 27768
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Rs In Crores
NPA POSITION IN CORPORATE AND SME – Major Industries
IndustryFresh slipagges in
Q1FY12NPAs as on
30.06.11Iron and Steel+ Metal+mining 412 2,134Govt Sponsored 107 1,750Infrastructure 650 1,550Textiles 411 1,459
23
,
Paper/ Plastics etc 79 676Gems & Jewellery 117 614Trading 407 544Hospitality 91 472
Retail 56 436Engineering 89 359Education 63 337IT 7 328Others 1,043 4,096Grand Total 3,677 15,968
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Rs In Crores
Sector-wise movement of NPAs in Q1FY 12
Particulars Corp. Intl. SME Agri Retail Total
CashRecovery+ Upgrad.
656 55 934 621 810 3076
Sector-wise % of NPAs
Sector Jun-10 Mar-11 Jun-11
Corporate 2.95 3.16 3.38
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Write off 0 55 309 90 208 662
GrossReduction 656 110 1243 711 1018 3738
FreshSlippages 1716 141 1961 1442 920 6180
NetIncrease 1060 31 718 731 -98 2442
International 1.57 2.06 2.06
SME 4.24 3.66 4.19
Agri 4.55 6.37 7.17
Retail 3.11 2.65 2.58
Total 3.14 3.28 3.52
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Rs. In crores
Details of Standard Assets Restructured (1/2)
AccountsRestructured FY 2009 FY 2010 FY 2011 Q1FY 12 Total
Under RBI'sScheme 10,777 6,019 1,599 0 18,395
Under Bank’sScheme 2,015 10,838 3,101 564 16,518
Total 12,792 16,857 4,700 564 34,913
Slippages Upto Mar-10 DuringFY11
DuringQ1FY12
UptoJune 11
%slippages
Under RBI'sScheme 1,616 1,518 594 3728 20.27
Under Bank’sScheme 1,059 946 256 2261 13.69
Total 2,675 2,464 850 5989 17.16 25
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Rs In Crores
Sector-wise break up
Sectors
RBI'sScheme
Bank'sScheme
Total
Corporate 13209 12090 25299
Details of Standard Assets Restructured (2/2)
Slippages during Q1FY12
Industries
RBI's
Scheme
Bank's
SchemeTotal
Electricals 45 45
SME 3948 1585 5533
Retail 1238 502 1740
International -- 2341 2341
Total 18395 16518 34913
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Engineering 5 5Com. Real Estate 23 23
Textiles 47 37 84
Iron & Steel 102 36 138
Power 410 410Health Care 21 21
Trading & Retail 40 40
Plastic 29 29
Total 594 253 847
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Jun-10 Mar-11 Jun-11
Branches
No. of Group Branches 18,049 18,266 18,324
No. of SBI Domestic Branches 12,567 13,542 13,577
No. of Overseas Branches 150 156 157
ATMs
No. of ATMs for the Group 21,751 25,005 25,444
No. of ATMs for SBI 16,584 20,084 20,450
Expanding Footprint
Hits per day 271 285 279
Debit Cards (in lacs) No. of Debit Cards 590 728 770
Internet Banking (inlacs)
No. of customers 47.29 62.57 67.31
No. of transactions 260.39 457.74 523.16
Mobile Banking (in lacs)Registered mobile users 3.17 10.13 14.32
No. of transactions 6.76 51.85 28.06
% of total transactions onalternate channels 23.43 27.66 31.40
2767% (9073) of SBI branches are in rural & semi-urban areas
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Q1FY11 Q4FY11 Q1FY12 YOY Growth%
Interest Earned 26313 30072 33417 27.00Interest Paid 15962 18638 20293 27.13
Net Int. Income 10351 11434 13124 26.79Other Income 6495 10071 5709 -12.10
Rs. In Crores
Consolidated Financials – Q1 FY 2012
Operating Income 16846 21505 18833 11.80Staff Exp. 4181 5393 4931 17.94
Overheads 4506 7664 4656 3.33
Operating Expenses 8687 13057 9587 10.36Operating Profit 8159 8448 9246 13.32
Provisions 4692 6979 6476 38.02
Net Profit 3365 1245 2513 -25.3428
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SBI Life
SBI Cards & Payment Services Pvt. Ltd.
Highlights of Non-Banking Subsidiaries(1/2)
AUM of the company as on 30.06.2011 stood at Rs.40,070 Crs.SBI Life has recorded a profit of Rs.144 Crs. as against a Rs.114 Crs. as on June 10.
YoY growth of 26.8%.
The company stands at No. 1 position with a market share of 19.8% in privateinsurance business as on May-11.
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SBI Funds Management Pvt Ltd
• ecor e a ne pro o s. . crs as aga ns a ne pro o s. . crs. as on une2010.•Spends per account have increased from Rs.39,163 crs. in June. 10 to Rs.47,323 ason June 2011.•SBI Card won the ‘Reader’s Digest Most Trusted Brand’ for the third time in a row.•Provision / Write offs have come down by over 21% as compared to June.2010.
Average AUM for Q1FY12 is Rs.47,874 crs up from Rs.41,672 crs, a growth of over15% (Industry grew by 6%).SBIMF market share improved from 5.95% to 6.44%.
SBI MF was awarded gold in the Fund Management Category for trusted brands 2011by Readers Digest.
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SBI DFHI
Highlights of Non-Banking Subsidiaries(2/2)
•Posted a PAT of Rs.5.43 crs.•The success ratio at T-Bill auctions for the quarter was 62.37% as against RBIrequirement of 40%.
The company has posted a Net Profit of Rs.84 Crs.Ranked No 1 for India Loans Mandated Lead Arrangers by Thomson Reuters, with
SBI Capital Markets Ltd
30
SBI Pension Fund Pvt Ltd
•Posted a profit of Rs.10 lacs as against a net loss of Rs.9 lacs as on June 2010.•AUM of Rs. 4210 Crs. as on 30.06.2011 as against Rs. 2744 Crs. as on 30.06.2010.•15 State Govts. and 2 Union Territories have handed over the corpus under NPS.
. mar e s are.
Ranked No. 1 for Initial Mandated Lead Arranger – Global PF Loans with 10.5%market share (improved from 2 nd Rank ).Ranked 1 st in QIP with 22.2 % market share by Bloomberg (last year it was 27 th with
0.4% market share).Mandated for 3 divestment issues namely SAIL, IOC & Hindustan Copper FPOs,
which may fructify in the current year.
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