Quarterly Results Q1FY 2010-11...disbursed under SBI Advantage car loan scheme. • Total...
Transcript of Quarterly Results Q1FY 2010-11...disbursed under SBI Advantage car loan scheme. • Total...
Quarterly
Results
Q1FY 2010-11
0
1
Highlights – SBI Stand-alone Balance Sheet
June-09 June-10
CASA Ratio is up
by 906 bps
June-09 June-10Mar-10
Advances
growth (YOY)20.74%22.79% 16.94%
Advances
market share 16.55%16.43% 16.28%
Deposits
growth (YOY)6.78%35.99% 8.36%
Demand
deposits
market share
16.24%15.35% 17.51%
Deposits
market share 16.14%17.43% 16.31%
Mar-10
CASA ratio 38.45% 47.51%46.67%
CA growth
(YoY) 18.56% 12.53%18.98%
SB growth
(YoY)23.99% 33.85%29.75%
Growth in
CASA (YOY)22.70% 28.93%26.76%
2
Highlights – Q1FY11 vs Q1FY10
Rs crores, SBI Standalone, except for group net profit
Q1 FY 10 Q1 FY 11 % growth
Net interest income 5025
Other income 3569
Operating income 8594
Operating cost 4920
Fee income 1862
Operating profit 3674
Net profit (standalone) 2330
Net profit (group) 2759
Q1 FY 10 Q1FY 11
Net interest
margin2.30%
57.25%Cost to income
ratio
41.53%Other income to
operating income
ratio
Loan loss provision 1344
17.09%
2410
7304
10994
3690
27.93
29.41
3.40
45.35
4859 -1.23
6134 66.97
44.20%
33.56%
NIM up by 88 bps & C/I down by 1305 bps YOY
1733 28.96
2.66%
38.74%
52.59%
Mar10
ROA
ROE
COD
YOA
0.92% 0.88%
15.88% 14.04%
6.16%
10.01%
5.80% 5.27%
9.30%9.66%
2914 25.05
1.07%
3.18%3365 21.99
3
Advances growth has picked up and market share has increased by 12 bps
�Growth driven by large corporate and retail sector.�Non fund based business (BG & LC) has grown by 27% YOY.�Market share of retail loans has increased to 23.74% in June 10 from 19.95% in June 09.
Advances Rs crore
Market share (domestic) Percent
As on last reporting Friday of the quarter
June 09 June 10
20.74% p.a. YOY
June 09 June 10
12 bpsYOY
Mar 10 Mar 10
4
Loan book is well diversified
Across segments Within corporate segment, advances are spread across many industries1
1 As on last reporting Friday
5
Composition of advances growth (1/7)
Rs crores
June 10 over June 09
Large-corporate
June 09 June10Mar10
• 24% growth in Fee Income (YOY).
• 48% growth in Fee Income from Project Finance.
• Over 84% of the exposure to borrowers has been rated.
• Advances growth during Q1FY11 is Rs.7,220 crores as against Rs.2,098 crores in Q1FY10.
• 54 loans aggregating Rs.14,798 crores (FB+NFB) sanctioned (new + enhancements) during Q1FY11.
• Sanctions under Infrastructure finances increased to Rs.6,235 crores in Q1FY11 as against Rs. 5,979 crores in Q1FY10.
34.72%YOY
6
Composition of advances growth (2/7)
Rs crores
June 09 June 10
14.30%YOY
Mar 10
June 10 over June 09
• Upturn seen in Textiles, Iron & Steel, Auto, Infrastructure, Gems & Jewellery.
• Fee Income grew by 34% YOY.
• Decline in advances during Q1FY11 restricted to Rs.1,594 crores as against a negative growth of Rs.6,912 crores in Q1FY10.
• 112 new loans aggregating Rs. 7,791 crores (FB+NFB) sanctioned during the quarter.
• Robust growth in Precious Metals Business driven by 176% growth in sale of Gold and 62% growth in Metal Gold Loans.
Mid-
Corporate
Composition of advances growth (3/7)
Rs crores
June 10 over June 09
June 09 June 10
22.07%YOY
Mar 10
• USD 1 bn mobilised successfully overseas in July 10, with oversubscription of 4.5 times vide Standalone rule 144A regulations bond issue. Tapped US market for the first time.
• 8 new branches opened during the quarter, taking the total to 150 foreign offices in 32 countries
• Number of ATMs outside India is 89
• 38% growth in Net profit of Foreign Offices
• Growth in remittance business is 61.69% from Rs.8,343 crores in Q1FY10 to Rs. 13,490 crores in Q1FY11.
• Market share in remittance business is 29.68% (March 10).
• Fee income has grown by 21.34% from Rs.177 crores in Q1FY10 to Rs.215 crore in Q1FY11
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Inter-
national
8
Composition of advances growth (4/7)
Rs crores
SME
June 09 June 10
14.72%YOY
Mar 10
June 10 over June 09
• New tie-ups with Volvo
Equipments Ltd. and Escorts
Equipments Ltd. for equipment
finance and Hindustan Motors for
vehicle finance.
• New range of power products
launched
• Relationship concept introduced
for Medium Enterprises
• 21,463 applications amounting to
Rs.289 crores received under SME
– OTS scheme valid till 31/07/10.
9
Composition of advances growth (5/7)
June10 over June 09
Agri loans
15.98%YOY
June 10June 09
Rs crores
Mar 10
• Disbursement of Rs.7,892 crs in Q1FY11 as against Rs.5,630 crs in Q1FY10.
• 2.89 lac new farmers financed during Q1 FY11.
• Produce Marketing Loans (PML) for direct lending to farmers at 8.5% (fixed).
• Financing Floriculture (Pushpa Ulhas) piloted in Bangalore, Hyderabad and Mumbai.
• Organic farming piloted for 5 circles.
• Initiatives taken under Bonding with Farmers:
• Farmers’ Meet, Farmers’ Club, SBI Ka Apna Gaon etc.
Composition of advances growth (6/7)
June 10 over June 09
Home loans
Average ticket
size (Rs lacs)
Market share
(ASCB)
37% 38%
36% 34%
20% 20%
7% 7%
29.83%YOY
June 10June 09
Rs crores
19.82%
SBI continues to be no. 1 in retail lending
in India
24.46%*
Distribution
* As on March 2010
Mar 10
23.8%
38%
34%
20%
7%
• CNBC Award 2010 for Most Preferred Home Loan Provider for the fifth time.
• 66988 loans amounting to Rs.6,915 crores sanctioned in Q1FY11 (Rs. 6,042 crores in Q1FY10).
• Highest absolute growth in Q1 amongst peer level banks / NBFCs (YTD growth Rs. 3,476 crores in Q1FY11 as against Rs. 3,450 crores in Q1FY10).
• 95% of the borrowers are 1st time buyers.
• Disbursed Rs. 4,660 crs in Q1FY11 as against Rs.4,350 crores in Q1FY10.
• Prudent Loan To Value (LTV) ratio of 61%.
8.84 10.3210.01
• Metro
• Urban
• Semi urban
• Rural
10
11
Composition of advances growth (7/7)
June10 over June 09June 10 over June 09
3.26 3.76
2.82 3.21
Auto loans
Eduloans
30.75%YOY
June10June 09
June 09
48.06%YOY
June 10
Average
ticket size (Rs lacs)
Average ticket size (Rs lacs)
Rs crores
15.12% 16.82%Market
share (%)
24.80% 25%Market
share (%)
• Average TAT for sanction of loans is 4 days.
• 13,118 loans sanctioned during Q1FY11.
• Scholar loan institutes increased from 61 to100 during the current academic year. 20NITs included.
• Rs. 5.12 crores sanctioned under SBIscholar scheme in Q1FY11.
• Average TAT for sanction of loans is 2 days.• An average number of 22,000 loans are
sanctioned every month.• 7,049 loans amounting to Rs.429 crores
disbursed under SBI Advantage car loanscheme.
• Total disbursement in Q1FY11 is Rs.1,303crs.
Mar 10
25%
3.76
Mar10
16.8%
3.00
12
Interest Income during
12.25%
Yield on advances
11.75% 11.75% 11.75% 11.75%PLR
�During Q1 FY10, PLR lower by 50 bps impacting interest
income by Rs.426 crores.
�Interest on resource operations lower due to hike in CRR
by 100 bps over June 09 and reduction in surplus liquidity.
�PLR reduced by 50 bps on 29.06.2009
�More than 85% of the incremental lending
during the quarter has been below PLR.
�Base Rate at 7.50% implemented wef 1st July
2010.
Percent
Q4Q3Q2Q1
Mar 10Mar 09 Jun 09 Sep 09 Dec 09
Rs crore Q1FY11 vs. Q1FY10
June10
11.75%
Q1
Interest income on advances
12,96712,63912,66912,357 8.62%13,422
FY 2010 FY2011
Interest Income has risen as loan book growth offset decline in PLR
Interest income on resource operations
4,6704,6744,9174,988 4610 -7.57%
Sundry interestincome
328466190128 420 228.03%
Total interestincome
17,96617,77917,77617,473 18,452 5.61%
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� SB Deposits have grown by 33.85% YOY in Q1FY11 as against 23.99% during Q1FY10.
Absolute growth is Rs. 71806 crs YOY and Rs. 27696 crs in Q1FY10.
� 41.98 lacs SB accounts have been opened in Q1FY11 taking the total number to 11.34 crs.
� CA Deposits have grown by 12.53% YOY in Q1FY11; absolute growth is Rs. 7982crs YOY.
� 1.62 lacs CA opened in Q1FY11 taking the total number to 21.59 lacs.
Deposits
Rs. Crores CASA ratio
Percent
6.78% YOY
815297
Domestic Deposits
Rs. Crores
Foreign deposits
Domestic deposits
763563
769412732428
-51%
YOY
10%
YOY
29%
YOY
47.37%
YOY
5.05%
YOY
5.05% YOY
Domestic deposit growth is lower at 5.05% due to shedding of high cost bulk deposits; CASA up by a robust 29 %
CASA
Retail TD
Bulk TD
45885
769412
732428764717
39399
804116764717
14
�Incremental CD ratio during Q1FY11 was as high as 233%.
Note: Domestic deposits exclude Interbank deposits
CASA ratioPercent
CD ratioPercent
72.32% 69.80% 72.22% 73.28%
ASCB CD ratio
CASA and CD ratios continue to improve
CASA Ratio
RUSU CASA Ratio
Percent
Cost of deposits Interest expense
Rs crore
Q4Q3Q2Q1
Sundry
interest
expense
Interest
expense on
borrowings
Interest paid
on deposits
Total
interest
expense
10,29710,44511,15611,436
288299310330
659719701682
11,24411,46312,16712,448
4.26%
8.16%
-11.85%
• Sequential decline in Cost of deposits
due to shedding of bulk deposits and
increase in CASA.
Q1FY11 interest paid on deposits lower than Q4FY10 despite
switch in calculation method of SB interest to daily product
basis which has added around Rs. 300 crores to the interest
outgo during Q1FY11.
Q1FY11
vs.
Q1FY10
-10.44%
Q1
11,148
FY2011FY 2010
Cost of deposits has fallen
10,080
357
711
15
16
NII and NIM continue to improve
Rs crore
NII
Q1 FY11Q1FY 10
NIMPercent Cumulative NIM
Q4 FY10Q3 FY10Q2 FY10Q1 FY10
2.30% 2.43% 2.56% 2.66%
NII
5,0255,609
6,316 6,7217,304
2.30 2.55 2.82 2.96 3.18
Q1 FY11
3.18%
Q2FY 10 Q3FY 10 Q4FY 10
�NIM up sequentially despite change in SB interest calculation method.
�NII is highest in Q1FY11 since last 12 quarters.
4.30% 2.82% 9.69% 38.81% 45.35%
YOY Growth of NII
Surplus liquidity has declined and so has negative carry
Quarter wise average surplus liquidity (Rs Crore)
Quarter wise Negative Carry (Rs Crore)
-3.28% -3.34% -3.20% -2.80% -2.48%
One year TD rate
6.007.08.10 6.50 6.00
Negative Carry %
6.00
-1.83%
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18
Fee income up by 29.41% YOY, one of the highest
among peers
Rs crores
Q1 FY11 vs. Q1 FY10
� Fee Income continues to record robust growth driven by growth in Loan Processing, NFB business,
Income from Tech products, Cross selling and Govt. business.
� Growth in Misc. Other income driven by 42% growth in recovery from written off accounts.
xx y-o-y growth
29.41%3.40%
3569
1862
709470
358169
3690
2410
173
503377
227
Total Other
Income
Fee Income Profit on Sale of
Investments
Forex Income Dividend Misc. Other
Income
Jun 09
Jun 10
6.83%-75.54%
5.33%34.32%
Excluding Profit on Sale of
Investments, growth in other
income at 23%.
19
96 447 765
1623
2964 28271451
1508
2444
1785
Q1FY09 Q1 FY10 Q4 FY10 Q1 FY11
Overheads
Salary
Contribution
for Employees
Operating Expense YOY
growth Q1FY114920
6036
4859-1.23%
18.36%
-51.06%
263.07%
�Salary for Q1FY10 includes Rs.627 crores of wage revision arrears pertaining to prior period, salary for
Q1FY11 includes Rs.845 crores write-back of excess wage revision provision.
�A provision of Rs.1,100 crs made during Q1FY11 on account of gratuity as against estimated acturial
requirement of Rs.2,200 crs for the whole year.
2035
3259
Lower Operating costs backed by overheads control
x
1128
50.95%
33.70%
45.65%
366.69%
x YOY Growth Q1FY10
20
Operating income growth remains robust at 28% YOY
Other Non-interest incomeNII
Q1FY11 vs. Q1FY10
Operating income
Rs crores
Non interest
income/operating
income
Cost / Income ratio
42% 34%
Q1FY10 Q1FY11Q4FY10Q3FY10Q2FY10
57.25% 52.30%
40%35%39%
44.20%53.75%47.07%
8594 91349682
11230 10994
Fee Income
Alternate channel usage has increased rapidly
• No of ATMs for group
• No of ATMs for SBI
• Hits per day
• No of accounts
• No of transactions
• No of transactions
• Number
• Market share (for SBI) (%)
• Registered mobile users
• No of transaction(Financial)
June 10
16369
286
43.57
554
30.54*
2,18,434
March 10
21485
30.47
June 09
29.24
ATMs
Debit Card (lacs)
Internet Banking (lacs)
POS Transaction (lacs)
Mobile banking
• No of registered customers 4,93,463Contact centre
23.4321.4519.67% of total transactions
on alternate channels
• Market share (for group) (%) 39.39*39.0537.97
21751
16584
271
590
260.39
72.13
3,17,377
6,76,44229,002
39.74
428
13877
10978
336
16,060
118.57
*Estimates based on May 2010 figures of RBI website
**During Q4FY10
47.29
1,66,550 5,86,899
% net of non – eligible
transactions23.98 31.19 35.00
31.94
234.54**
63.32**
4,29,242**
21
22
Asset Quality remains steady
Rs crores
�Out of the Total Standard Assets of Rs. 16,796 crores restructured under RBI dispensation, Rs. 1,774 crores
have slipped into NPA category up to June 2010 (additional Rs.158 crores in Q1FY11) – Slippage ratio is
10.56%.
Asset quality
Mar 10Dec 09Sep 09June 09
Gross NPA Net NPA
2.79% 1.55% 2.99% 1.73% 3.11% 1.88% 3.05% 1.72%
Growth in NPAs during the quarter
2058 1485 674
June 10
1.70%3.14%
1290-396*
*Decrease of Rs.1,651 crores due to upgradation of Ratnagiri Gas & Power (Dabhol)
23
Movement of NPAs during Q1FY11 (1/2)
Opening stock of NPAs
Fresh slippage
Up gradation + recovery
Write off
Closing NPAs
15,714 19,535
11,843 4,081
6,031 2,164
1,991 627
19,535 20,825
Net increase in NPAs by Rs.1290 crores in Q1FY11
Retail 365
SME 183
Agriculture 683
Corporate 102
-43International
Provision Coverage Ratio (PCR) including AUCA to 60.70% as on June 10 as against 59.23% as on March 2010
Q4FY10 Q1FY11
24
Movement of NPAs during Q1FY11 (2/2)
Net increase in NPAs Rs.1,290 crs
in Q1FY11 to reach a total of
Rs.20,825 crs as on June 10
Retail 4,513
SME 4,694
Agriculture 3,004
Corporate 6,958
1,656International
Particulars Corporates IBG SME AGRI Retail
Cash Recovery 286 49 242 145 192
Upgradation 161 16 467 171 435
Write off 0 0 223 284 120
Gross Reduction 447 65 932 600 747
Fresh Slippages 549 22 1,115 1,283 1,112
Net increase 102 -43 183 683 365Total 20,825
Details of Standard Assets Restructured
25
Under RBI Scheme
FY 08-09 10777
Q1FY10 6019
FY 09-10 6019
Total 16796
Slippage during
Q1FY11 158
Slippage upto June 10 1774
% of slippages 10.56
Rs. In crores
Details of asset-wise provisioning
Rs crores
30-06-2009
NPAs Provision % NPAs Provision %
31-03-2010
NPAs Provision %Asset Category
Substandard
Doubtful
Loss
Whole Bank
Advances
under
Collection
8,066
8,672
2,797
19,535
1,251
4,617
2,797
8,665
15.51
53.24
100.00
44.36
30-06-2010
Whole Bank
incl. AUCA
7,127 7,127 100.00
59.2315,79226,662
PCR
20,825
28,179
7,354
9,751
100.00
22,206
6,888
13,804
6,888
6,91615,318 45.15
100.00
62.16
6,989 1,080
1,790
6,539
1,790
4,046 5,759
15.45
61.87
100.00
9,649
8,542 1,358
2,634 26,34
59.68
46.82
15.90
100.00
7,354
17,105 60.70
59.2362.16 60.70
26
27
Percent
12.0%
Capital adequacy ratio – Basel I
Capital adequacy ratio – Basel II
Jun 09 Sep 09 Dec 09 Mar 10
Jun 09 Sep 09 Dec 09 Mar 10
12.5% 12.0%13.1% 12.3%
Tier 2Tier 1
14.1% 13.4%14.1% 13.8%
Tier 2Tier 1
Jun 10
Jun 10
The Bank continues to be remain well capitalized
12.2%
3.4%
8.8%
13.5%
3.7%
9.8%
28
New Business Initiatives (1/2)
• Mobile Banking Services offer multiple features, viz. fund transfer to accounts
within the Bank and outside, account enquiry, mobile top up, bill payment,
payment for goods purchased online, cheque book request, DEMAT account
enquiry and payment of SBI Life premium.
• Payment Services Group formed to bring all payment related activities under
one umbrella, viz. remittances, clearing, eZ-Pay Card, Gift Cards, SBI Vishwa
Yatra Cards, Debit Cards RTGS/NEFT etc. for increasing fee income of the
Bank.
• Under Merchant Acquiring Business, the Bank now has tie-ups with four
Groups- Future Group, Military canteen, Regional Pass Port Seva Kendra, and
Bangalore Metro Project. Bank plans to deploy 1.50 lac POS terminals during
FY2011.
• Financial Planning and Advisory Services launched in FY10, now made
available in 924 branches through Relationship Managers / Customer Relations
Executives. AUM of Rs.104 crs as at the end of June 2010 projected to
increase to Rs.900 crs by the end of the current FY.
29
New Business Initiatives (2/2)
• SBI now has 3,060 branches which are demat enabled. As on 30th June 10,
we have 2.41 lac Demat accounts.
• Commercial operations started in our newly opened subsidiaries, SBI – SG
Global Securities Services Pvt. Ltd. (Custodial services with AUC : Rs.28,901
crs) and SBI General Insurance Ltd.
• Fund raising under SBI Macquarie Infrastructure Fund for the domestic leg is
nearing completion. Commitments aggregating approximately Rs. 1,400
crores received so far.
• The JVA for India – Oman Fund has been signed on 14/7/2010. All approvals
in place for this General Purpose Fund for USD 100 mn.
30
Social Transformation through Financial Inclusion (1/2)
Sl. No Particulars June 09 Mar 10 June 10
1 Coverage of unbanked villages 58,000 1,04,000 1,07,000
2 SBI Tiny Cards 26.34 lacs 38.84 lacs 43.15 lacs
3 Rural & Semi Urban branches :
(a) No of branches 7,834 8,390 8,442
(b) Average business per branch
41.83 crs 45.17 crs 46.20 crs
4 No Frills Accounts (millions) 5.29 6.84 7.16
• Around 19 million households have been covered so far under SLBC project of 100%financial inclusion in identified villages.
• Plan of opening 18 lac new SBI Tiny card accounts through BC/CSPs during the year.
31
Social Transformation through Financial Inclusion (2/2)
• For financial inclusion in metro/urban areas, SBI has set up a specialised
microfinance branch in Dharavi slum area of Mumbai.
• Account with just Re.1 for urban poor - launched the facility in Hyderabad with
installation of 20 Kiosks (CSPs) in association with Geosansar (Bank’s BC).
• 17.59 lac SHGs have been credit-linked with cumulative credit of Rs.11,990 crs
• Cell Phone based Channel for Financial Inclusion launched in Delhi and
Patna Circles
• Internet based Kiosk Channel launched in 9 Circles, and 410 kiosks Outlets
have been set up till June 2010.
• Signed an MoU with UIDAI project as a Registrar, the first bank to have signed
such an MoU.
• Reliance Dairy Food Limited has been appointed as our National BF taking the
total of such BFs to 3. Overall, we have engaged 7,667 BFs as on 30.06.10
Socio-Economic and Environmental Initiatives
� Adopted a Green Banking Policy and several measures undertaken
like switching over to energy efficient lighting system, installation of
energy savers, efficient water management systems, waste disposal
,tree plantation and more. Paperless Banking launched in 51
branches on July 1, 2010.
Clean/Green environment
� Fund cum Authorisation Model for Social Sector Flagship Schemes
like National Literacy Mission of HRD Ministry is at the
implementation stage and SBI has signed an MoU with HRD
Ministry to partner them in 20 States
� Continuing with R & D initiatives, the Bank has set up a ‘SBI Chair
for Public Leadership’ in the Indian School of Business, Hyderabad
in addition to the existing ‘India Observatory and I.G.Patel Chair’ at
the Asia Research Centre of London School of Economics, in
participation with RBI.
Youth
Others
� SBI is participating in a joint field pilot with UIDAI for Financial
Inclusion for deployment of micro ATMs conforming to UID
standards.
32
33
Performance Highlights of Associate Banks (1/2)
OPERATING PROFIT NET PROFIT
Bank UptoYOY
Growth (%)
UptoYOY
Growth (%)Q1FY11 Q1 FY10 Q1FY11 Q1 FY10
SBBJ 290.54 215.34 34.92 103.14 147.30 -29.98
SBH 485.26 315.37 53.87 201.24 110.24 82.55
SBIr 180.78 138.52 30.51 18.09 77.35 -76.61
SBM 269.96 173.96 55.19 111.39 82.19 35.53
SBP 383.75 193.25 98.58 99.30 90.02 10.31
SBT 270.52 239.78 12.82 149.80 179.59 -16.59
Total 1880.81 1276.22 47.37 682.96 686.69 -0.54
Rs in Crores
� Net Interest Income registered a healthy increase of 52.22% YOY to reach a level of
Rs.2565.57 crores in June 2010.
� Net Interest Margin improved by 39 bps over March 2010 (2.81%) and by 81 bps over June 2009
(2.39%) to reach 3.20% in June 2010.
� Net Profit declined marginally by Rs.3.73 crores (from Rs.686.69 crores in June-09 to
Rs.682.96 crores as on June-10) mainly on account of higher provisioning for NPAs.
34
Rs in Crores
DEPOSITS ADVANCES
Bank As atYOY
Growth (%)
UptoYOY
Growth (%)Q1FY11 Q1 FY10 Q1FY11 Q1 FY10
SBBJ 48,173 38,928 23.75 35,720 29,348 21.71
SBH 78,707 63,186 24.57 54,484 42,780 27.36
SBIr 28,798 28,146 2.31 23,215 21,176 9.63
SBM 39,489 33,551 17.70 30,602 26,179 16.89
SBP 64,431 61,257 5.18 47,098 41,902 12.40
SBT 51,777 43,289 19.61 38,946 32,889 18.41
Total 3,11,375 2,68,357 16.03 2,30,064 1,94,274 18.42
� YOY growth of CASA deposits is 26.19%. The ratio of CASA deposits to aggregate deposits
improved to 31.29% in Jun-10 from 28.77% a year ago.
� Gross NPAs increased by Rs.900 crores during Q1FY11 to reach Rs.4898 crores.
� All ABs have formed Core Management Teams headed by senior officers for reviewing account-
wise position at fortnightly intervals. SMAs are being closely monitored by Management Teams
to prevent further slippages. Some of the large accounts which have turned NPAs recently have
been referred to CDR for restructuring.
Performance Highlights of Associate Banks (2/2)
35
Highlights of Some Non – Banking Subsidiaries (1/2)
SBI Life
• SBI Life recorded a profit of Rs.114 Crores as against a profit of Rs.39 Crores as on June 09. YOY growth of 192%.
• AUM of the company as on 30.06.2010 stood at Rs.30082 Crores .YOY growth of 64%
• The company is ranked 2nd amongst the private Insurance companies under New Business Premium, as on June 2010.
SBI Capital Markets Ltd
• The company has posted PAT of Rs. 157.15 Crores in Q1FY11 registering a YOY growth of 93% after excluding provision of Rs.63.99 Crores towards syndication fee sharing payable to SBI.
• Fee Based income increased by 91% YOY.
• Ranked 1st in Rights Issues by Prime Data Base and 2nd in Public Issues for the half year ending 30.06.2010.
• Ranked 1st in Asia ex-Japan Loans Mandated Arranger with 12.90% market share for the half year ending 30.06.2010.
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Highlights of Some Non – Banking Subsidiaries (2/2)
SBI DFHI
• Trading Income as on 30.06.10 was Rs. 16.19 Crores (highest in the last 3
years) compared to Rs.7.54 Crores in the corresponding period last year.
SBI Cards & Payment Services Pvt. Ltd.
• Recorded a net profit of Rs.3.25 Crs as against a net loss of Rs.24.40 Crs. as
on June 2009.
SBI Pension Fund Pvt Ltd
• AUM was Rs.2743.62 Crores as on 30.06.2010, an increase of 134% YOY.
SBI Global Factors Ltd.
• Company continues to maintain 80% plus market share in factoring business of
standalone factoring companies in India.
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Recent Awards & Recognitions …..
• Awarded the strongest Banks in Asia Award 2010 for
the Asia pacific region under The Asian Banker
Excellence in Retail Financial Services Awards 2010.
• SBI awarded Visionaries of Financial Inclusion – Year
2009 by Financial Information Network & Operations
Ltd. (FINO).
• State Bank of India has been awarded the prestigious
international award 'Innovation in Banking Technology
Award - 2010' for the 'Innovation in Eco-IT' category
instituted by The Banker Magazine, London, for its
project on Green ATM Installation.
• Only Indian bank to find a place in the Fortune Global
500 list – Up from 363 last year to 282 this year.
• Rankings BY Banker :Only Indian bank among the top
100 banks in the world.
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Recent Awards & Recognitions …..
• SBI’s ranking has improved to 36 (2010) from 70
(2009) in the Brand Finance Global Banking 500 by
Brand Finance Plc.
• Moved up in rankings from 219th spot last year to
150th spot this year in the Forbes 2000 list of
largest companies in the world
• Ranks 32 in The Indian Express List of The Most
Powerful Indians in 2010.
• “Exemplary Leader Award” at the Global HR
Excellence Awards 2010 by World HRD Congress.
• The QFC Asian Banker Leadership Achievement
Award for the Asia Pacific region for 2010 under
The Asian Banker Excellence in Retail Financial
Services Awards 2010
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