State Bank GroupState Bank Group

March 2007March 2007March 2007March 2007

22

DisclaimerDisclaimer

This presentation is made purely for information. We have tried to give relevant information which we believe will help in knowing the Bank. The viewers may use their own judgment and are advised to make their own calculations before deciding on any matter based on the information given herein. While every care is taken to verify the accuracy of the information given in this presentation, neither the Bank nor its officials would in any way be liable for any action taken or not taken by the viewers or the users of this presentation or for any claims, losses etc.

33

Group’s VisionGroup’s Vision

Premier Indian Financial Services Group with global perspective, world class standards of efficiency and professionalism and core institutional values.

Retain its position in the country as a pioneer in Development Banking.

Maximize shareholder value through high sustained earnings per share.

An institution with a culture of mutual care and commitment, a satisfying and exciting work environment and continuous learning opportunities.

44

State Bank Group – A presence in every area of theFinancial SectorState Bank Group – A presence in every area of theFinancial Sector

SBI Capital Markets SBI Capital Markets Ltd.Ltd.

Others - RRBs, UTI-Others - RRBs, UTI-AMC, C-EdgeTechAMC, C-EdgeTech

SBI DFHI Ltd.** SBI DFHI Ltd.**

SBI Cards & Payment SBI Cards & Payment Services Pvt Ltd. Services Pvt Ltd. (with GE Capital)(with GE Capital)

SBI Factors & SBI Factors & Commercial Services Commercial Services

P Ltd. P Ltd.

SBI, SBICI & 7 SBI, SBICI & 7 Associate Banks Associate Banks

SBI Life Insurance SBI Life Insurance Co.Ltd Co.Ltd

( with Cardiff SA)( with Cardiff SA)

Foreign Subsidiaries Foreign Subsidiaries & Joint Ventures& Joint Ventures

SBI Funds SBI Funds Management Ltd Management Ltd

(with Society (with Society Generale)Generale)

1992 1998

2001

2004**

1991

1986

** SBI Gilts - 1996 DFHI - 1988

55

HighlightsHighlights

State Bank Group, with 14337 branches as on 31.03.2007, has the largest branch network.

State Bank Group has a market share of 25.13%* in deposits and 24.68%* in advances out of total commercial banks’ business in India.

Four out of seven Associate Banks have achieved Net NPA <1.00%.

* (Source: ASCB data as on March 2006 from Report on Trends and Progress of Banking in India by RBI)

66

Technology InitiativesTechnology Initiatives

All the branches of State Bank of India and its 7 Associate Banks were fully computerized in January 2004.

Core Banking Solution implemented in 10297 branches of the Group by June 2007.

All Associate Banks have fully migrated to CBS Platform by January 2006.

Country wide network of 6921 ATMs spread across the country.

Business Process Reengineering initiative launched (Consultant : Mckinsey).

77

State Bank Group – Consolidated Balance Sheet 31.03.2007State Bank Group – Consolidated Balance Sheet 31.03.2007

Balance Sheet 8151.74 (100%) Balance Sheet 8151.74 (100%)

Capital & LiabilitiesCapital & Liabilities AssetsAssets

Rs in Billion

Share Capital / Reserves : 425.36 (5.2%)

Minority Interest: 16.90 (0.2%)

Deposits : 6362.73 (78.1%)

Saving Deposits : 1726.08 (21.2%)

Term Deposits : 3646.48 (44.7%)

Demand Deposits : 990.17 (12.1%)

Borrowings : 486.62 (6.0%)

Other Liabilities & Provisions : 860.14 (10.6%)

Cash & Balances with RBI/ Bank: 724.77 (8.9%)

Investments: 2165.21 (26.6%)

Loans & advances : 4872.86 (59.8%)

Net Fixed Assets : 39.99 (0.5%)

Other Assets: 348.91 (4.3%)

(Figures in brackets indicate % to Total Assets)

88

SBI Group – Financial Highlights FY 2007SBI Group – Financial Highlights FY 2007

Total Income: 683.77 ( 100%)

Non-Interest Income: 111.39 (16.3%)

Interest Earned: 572.38 (83.7%)

Interest Expended : 339.83 (49.7%) Operating Income :

343.94 (50.3%)

Net Interest Income : 232.55 (34.0%) Operating Expenses :

200.01 (29.3%)

Employee Expenses 105.97 (15.5%)

Other Expenses: 94.04 (13.75%)

Operating Profit:143.92 (21.0%)

Provision for Investment Depreciation: 8.29 (1.21%)

Provision for Loan Losses:17.76 (2.60%)

Provisions for Std Assets:9.45 (1.38%)

Provisions and Contingencies :36.14 (5.3%)

Profit Before Tax : 107.78 (15.8%)

Provision for Tax: 41.57(6.1%)

GroupProfit: 63.64 (9.3%)

Other Provisions :0.64 (0.09%)

Net Profit: 66.21 (9.7%)

Minority Interest: 2.55 (0.4%)

Rs in Billion

(Figures in brackets indicate % to Total Income)

Banking & Non-Banking Subsidiaries of Banking & Non-Banking Subsidiaries of State Bank of IndiaState Bank of India

1010

Domestic Banking SubsidiariesDomestic Banking Subsidiaries

NAMEPaid-up Capital

(March 07)(Rs. in bn)

STAKE OFSBI (%)

STATE BANK OF BIKANER & JAIPUR

0.50 75.00

STATE BANK OF HYDERABAD 0.17 100.00

STATE BANK OF INDORE 0.17 98.05

STATE BANK OF MYSORE 0.36 92.33

STATE BANK OF PATIALA 0.25 100.00

STATE BANK OF SAURASHTRA 3.14 100.00

STATE BANK OF TRAVANCORE 0.50 75.00

SBI COMM. & INT’L BANK LTD. 1.00 100.00

1111

Domestic Non Banking Subsidiaries & Joint VenturesDomestic Non Banking Subsidiaries & Joint Ventures

NAME OF SUBSIDIRIES/ JOINT VENTURES

Paid-up Capital(Marc

h 07)(Rs. in bn)

Stake ofSBI (%)

SBI Capital Markets Ltd. 0.58 86.16

SBI Life Insurance Co. Ltd. 5.00 74.00

SBI Funds Management Pvt. Ltd. 0.50 63.00

SBI Cards & Payment Services Pvt. Ltd.

2.50 60.00

SBI DFHI Ltd. 2.91 56.96

SBI Factors & Commercial Services Pvt. Ltd.

0.45 54.00

C-Edge Technologies Ltd. 0.0005 49.00

1212

Foreign Subsidiaries / Joint VenturesForeign Subsidiaries / Joint Ventures

NAME Paid-up Capital(March 07)

(In US $ mio)

STAKE OFSBI (%)

SBI (Canada) 14.12 100%

SBI (California) 24.50 100%

SBI Intl (Mauritius) Ltd 10.00 98%

Indian Ocean Intl. Bank Ltd 5.24 56.84%

PT Bank Indo Monex 2.20 76%

Bank of Bhutan 2.30 20%

Nepal SBI Bank Ltd 9.21 50%

Commercial Bank of India LLC, Moscow

20.00 60%

Profile of Associate Banks ofProfile of Associate Banks ofState Bank of IndiaState Bank of India

1414

Net Worth Net Worth

107.1

98.82

86.92

0

20

40

60

80

100

120

FY 05 FY 06 FY 07

NET WORTH

FY05 FY06 FY07

SBBJ 12.98 14.06 16.54

SBH 17.66 21.14 24.88

SBIr 9.04 10.18 11.77

SBM 7.56 9.27 11.41

SBP 20.44 22.35 24.88

SBS 7.94 8.50 9.22

SBT 11.30 13.32 15.99

TOTAL ABs

86.92 98.82 114.69

Rs in Billion

1515

Branch Network – Associate Banks as on 31.03.2007Branch Network – Associate Banks as on 31.03.2007

SBH965

SBS452

SBIr.445

SBM644

SBT704

SBP766

SBBJ844

TOTAL NUMBER OF BRANCHES : 4,820

1616

Operating Profit Operating Profit

44.34

40.31

42.7

38

39

40

41

42

43

44

45

FY 05 FY 06 FY 07

Rs in Billion

OPERATING PROFIT

FY05 FY06 FY07

SBBJ 7.30 5.92 6.79

SBH 7.13 8.68 10.04

SBIr. 3.52 4.20 3.89

SBM 4.52 4.38 4.72

SBP 8.53 7.32 7.89

SBS 3.68 3.06 2.49

SBT 8.02 6.74 8.52

TOTAL ABs 42.70 40.31 44.34

1717

Net ProfitNet Profit

20.31

15.50

13.71

0

5

10

15

20

25

FY 05 FY 06 FY 07

Robust performance by all Associate BanksRobust performance by all Associate Banks

NET PROFIT

FY05 FY06 FY07

SBBJ 2.06 1.45 3.06

SBH 2.51 4.27 5.06

SBIr. 1.33 1.39 1.90

SBM 2.06 2.17 2.49

SBP 2.87 3.03 3.67

SBS 0.41 0.60 0.87

SBT 2.47 2.59 3.26

TOTAL ABs

13.71 15.50 20.31

Rs in Billion

1818

Balance Sheet SizeBalance Sheet Size

2,083.31

1,671.93

1,980.01

0

500

1,000

1,500

2,000

2,500

FY 05 FY 06 FY 07

B.SHEET SIZE FY 05 FY 06 FY 07

SBBJ 234 275 345

SBH 349 406 491

SBIr. 169 207 245

SBM 166 193 268

SBP 315 414 475

SBS 150 165 188

SBT 289 319 380

TOTAL ABs 1672 1980 2392

Rs in Billion

1919

Return On Equity (%)Return On Equity (%)

17.70

15.7315.78

14.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

FY 05 FY 06 FY 07

ROE FY 05 FY06 FY 07

SBBJ 15.85 10.32 18.49

SBH 14.21 20.20 20.31

SBIr. 14.74 13.67 16.14

SBM 27.27 23.37 21.84

SBP 14.04 13.74 14.73

SBS 5.18 7.07 9.48

SBT 21.87 19.43 20.40

ALL ABs 15.78 15.73 17.70

2020

Return On Average Assets (%)Return On Average Assets (%)

0.97

0.82

0.88

0.7

0.8

0.8

0.9

0.9

1.0

1.0

FY 05 FY 06 FY 07

ROA FY 05 FY06 FY 07

SBBJ 0.88 0.59 1.04

SBH 0.72 1.13 1.15

SBIr. 0.79 0.76 0.87

SBM 1.25 1.26 1.13

SBP 0.91 0.90 0.92

SBS 0.27 0.40 0.49

SBT 0.86 0.86 0.95

ALL ABs 0.82 0.88 0.97

2121

Capital Adequacy Ratio (%)Capital Adequacy Ratio (%)

12.22

12.18

12.06

11.95

12.00

12.05

12.10

12.15

12.20

12.25

FY 05 FY 06 FY 07

CAR FY 05 FY 06 FY 07

SBBJ 12.60 12.08 12.89

SBH 11.74 12.08 12.51

SBIr. 11.61 11.40 11.77

SBM 12.08 11.37 11.47

SBP 14.21 13.55 12.38

SBS 11.45 12.03 12.78

SBT 11.05 11.15 11.68

ALL ABs 12.18 12.06 12.22

2222

Net Interest Margin (%)Net Interest Margin (%)

3.26

3.39

3.72

3

3.1

3.2

3.3

3.4

3.5

3.6

3.7

3.8

FY 05 FY 06 FY 07

N.I.M. FY 05 FY06 FY 07

SBBJ 4.20 4.18 3.64

SBH 3.45 3.25 3.44

SBIr. 3.63 3.18 2.79

SBM 3.81 3.59 3.28

SBP 3.53 3.08 3.04

SBS 3.80 3.32 2.91

SBT 3.61 3.27 3.39

ALL ABs 3.72 3.39 3.26

2323

Yields , Costs & Spread (%)Yields , Costs & Spread (%)

ABs

YOA COD SPREAD YOI

FY05 FY06 FY07 FY05 FY06 FY07 FY05 FY06 FY07

FY05FY06 FY07

SBBJ 8.60 8.70 9.46 4.84 4.53 5.30 3.76 4.17 4.16 8.73 8.54 7.84

SBH 8.32 8.21 9.16 5.20 4.89 5.43 3.12 3.32 3.73 8.00 8.02 7.98

SBIr. 8.21 8.24 9.02 5.05 4.95 5.62 3.16 3.29 3.40 8.49 8.34 8.20

SBM 8.64 8.39 8.92 4.96 4.65 5.30 3.68 3.74 3.62 8.46 7.93 7.77

SBP 7.95 8.06 8.90 4.73 4.90 5.52 3.22 3.16 3.38 8.07 7.84 7.76

SBS 7.81 7.87 8.50 5.09 5.03 5.52 2.72 2.84 2.98 8.56 8.28 7.88

SBT 7.94 7.92 8.74 4.87 4.96 5.27 3.07 2.96 3.47 8.51 8.47 8.71

2424

Asset Quality (%)Asset Quality (%)

0.76

1.23

1.05

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

FY 05 FY 06 FY 07

NET NPA FY05 FY 06 FY07

SBBJ 1.61 1.18 1.09

SBH 0.61 0.36 0.22

SBIr. 1.00 1.83 1.04

SBM 0.92 0.74 0.45

SBP 1.23 0.99 0.83

SBS 1.40 1.16 0.70

SBT 1.81 1.47 1.08

ALL ABs 1.23 1.05 0.76

2525

Cost-Income Ratio (%) Cost-Income Ratio (%)

COST-INCOME RATIO

FY 05 FY06 FY 07

SBBJ 46.03 56.19 52.57

SBH 48.47 48.46 48.24

SBIr 48.26 48.60 51.31

SBM 51.47 54.31 54.38

SBP 35.96 45.51 45.49

SBS 44.84 45.72 52.09

SBT 38.53 48.41 43.09

ALL ABs 44.20 49.73 48.89

49.73%

44.20%

49.73%

41%

42%

43%

44%

45%

46%

47%

48%

49%

50%

51%

FY 05 FY 06 FY 07

2626

TRANSACTION COST (%) TRANSACTION COST (%)

1.44%

1.51%

1.47%

1.40%

1.42%

1.44%

1.46%

1.48%

1.50%

1.52%

H1 FY 06 FY 06 H1 FY 07

FY05 FY06 FY 07

SBBJ 1.99 2.01 1.53

SBH 1.47 1.44 1.13

SBIr 1.42 1.38 1.16

SBM 2.11 1.83 1.45

SBP 1.13 1.09 0.97

SBS 1.54 1.37 1.21

SBT 1.28 1.40 1.15

AVERAGE ABs

1.51 1.47 1.20

Performance ofPerformance ofNon Banking Subsidiaries & Joint VenturesNon Banking Subsidiaries & Joint Ventures

2828

Performance of Domestic Non-bkg. SubsidiariesPerformance of Domestic Non-bkg. Subsidiaries

AS ON 31/03/2007 Rs. in Billion

NAME GROSSINCOME

NET PROFIT

SBI'S INVEST-

MENT

SBI CAPITAL MARKETS LTD. 1.49 0.6 0.5

SBI CARDS 9.30 0.6 1.5

SBI DFHI LTD. 0.88 0.5 3.0

SBI FUNDS MANAGEMENT (P) LTD.

1.10 0.3 0.2

SBI FACTORS & COMMER- CIAL SERVICES (P) LTD.

0.95 0.1 0.3

SBI LIFE 29.28 38.2 mio 3.7

2929

Performance of Domestic Non-bkg. Subsidiaries Performance of Domestic Non-bkg. Subsidiaries

AS ON 31/03/2007 Rs. in Billion

NAMENET

WORTHROE (%)

TOTAL ASSETS

B.V. PER

SHARE (Rs)

SBI DFHI LTD 10.09 5.28 15.97 346.98

SBI CAPITAL MARKETS LTD. 3.78 17.02 4.29 65.16

SBI LIFE 4.7 0.81 49.45 9.41

SBI FACTORS & COMMER- CIAL SERVICES (P) LTD.

0.93 14.16 13.13 20.67

SBI FUNDS MANAGEMENT (P) LTD.

0.92 32.43 1.24 183.58

SBI CARDS 3.62 16.25 27.61 14.46

3030

Performance of Foreign Subsidiaries / Joint VenturesPerformance of Foreign Subsidiaries / Joint Ventures

AS ON 31/03/2007 ( In US $ mio)

NAME  OPERATING PROFIT

NET PROFIT

ASSET SIZE

SBI (Canada) 3.32 2.05 395.82

SBI (California) 5.34 3.31 353.76

SBI Intl (Mauritius) Ltd 3.39 2.98 259.97

Indian Ocean Intl. Bank Ltd 2.02 1.40 172.75

PT Bank Indo Monex 0.01 -0.12 39.80

Bank of Bhutan 7.01 4.57 394.32

Nepal SBI Bank Ltd 4.53 1.68 187.57

Commercial Bank of India LLC, Moscow

1.71 1.02 42.79

3131

Highlights of Group CompaniesHighlights of Group Companies

Only Pvt Sector Insurance company to declare profit of Rs.38.3 mio in FY07 (Rs.20.2 mio in FY06).

Gross Premium in FY 07: Rs.29.28 bn ( Growth : 172%) ( FY 06 : Rs 10.75bn)

First Year Premium grown by 275% to Rs.17.18 bn.

12% Market Share among Private players.

Third position in terms of New Business Income among private players.

Number of Lives insured : 6.49 million ( March 06 : 4.32 million)

SBI LifeSBI Life

SBI MF currently ranked 7th in the industry; AUM at Rs 16.8 bn

PAT Rs. 297.8 mio ( YOY growth 59.76%) for FY07.

SBI MF won the prestigious CNBC TV 18 CRISIL Mutual Fund of the Year Award 2007 in February 2007.

Also won 5 CNBC TV 18 CRISIL Awards and 3 Lipper India Fund Awards

SBI Funds SBI Funds Mgmt (P) Ltd.Mgmt (P) Ltd.

2nd largest card issuer in India with 3.36 million cards.

Cards spends amounted to Rs.48.38 bn in March 2007 an increase of 54%.

PAT of Rs. 587.7 mio a growth of 62% in FY07 (Rs. 362.0 mio in FY06)

SBI CardsSBI Cards

Mandated Lead Arranger in Project Finance 9th Globally and 1st in Asia Pacific and India. Project Finance Advisor 3rd Globally and 1st in Asia Pacific.

Gross Income increased to Rs.1.93 bn in FY 07.

SBI CapsSBI Caps

3232

Way Forward – Other Business InitiativesWay Forward – Other Business Initiatives

Introduction of multicity cheques and relationship managers for HNIs

Centralized Pension Processing & Payments

Customer Customer ServiceService

Bouquet of products offerings being enhanced by inviting expertise from market leadersTreasury Treasury ProductsProducts

Centralised Processing Cells

Initiatives for improved customer service

Currency Administration Cells

Sales Forces

Relationship Management

Alternate Delivery Channels

Branch Redesign

BusinessBusinessprocess process

Re-engineeringRe-engineering

3333

New OpportunitiesNew Opportunities

General InsuranceGeneral Insurance General InsuranceGeneral Insurance

Pension Fund ManagementPension Fund ManagementPension Fund ManagementPension Fund Management

Venture CapitalVenture CapitalVenture CapitalVenture Capital

Private EquityPrivate EquityPrivate EquityPrivate Equity

Infrastructure FundInfrastructure FundInfrastructure FundInfrastructure Fund

Thank YouThank YouVisit us at: www.statebankofindia.com

Click on “Investor Relation” Page for detailed financial information on the Group

You may also contact Mr. S.S.Ranjan, Chief General Manager (Financial Control), the designated official for Investor Relations, at cgm.fc@sbi.co.in or

on Telephone No: +91 22 2202 0389 for any queries on Bank’s Financial Performance