State Bank Of India · NSE:SBIN
State Bank Of India — Q2 FY2016 Earnings Presentation
35 slides from State Bank Of India's earnings presentation, November 2015
Slide 1: Quarterly Results Q2FY16
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Slide 2: Safe Harbor
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
Slide 3: Performance Highlights
Performance Highlights SOLO Net Profit Q2FY16 SOLO YOY (%) over Q2FY15 Rs. 3879 crores Net Profit 25.12 (Rs. 3100 crores) Operating Profit 20.60 25.12% Non Interest Income 35.58 GROUP Rs. 4992 crores Cost to Income Ratio -37 bps (Rs. 4024 crores) Gross NPA Ratio -74 bps 24.05% Net NPA Ratio -59 bps
Slide 4: NII and Operating Profit
NII and Operating Profit Rs in Crores Q2FY16 Q2FY15 YOY % H1FY16 H1FY15 YOY % Interest Income 40658 37263 9.11 80300 73750 8.88 Other Income 6197 4571 35.58 11285 8823 27.91 Total Income 46855 41833 12.00 91586 82573 10.92 Interest Expenses 26405 23988 10.08 52316 47223 10.78 Net Interest Income 142
Slide 5: Net Profit – a Snapshot
Net Profit – a Snapshot Rs in Crores Q2FY16 Q2FY15 YOY % H1FY16 H1FY15 YOY % Operating Profit 10266 8512 20.60 19468 17390 11.95 Total Provisions 6387 5412 18.01 11897 10941 8.73 Loan Loss 3842 4118 -6.72 7200 8112 -11.24 Standard Assets 591 159 987 236 Investment -51 -1 129 -553 Depreciation Other
Slide 6: Components of Interest Income/Expenses
Components of Interest Income/Expenses Rs in Crores Q2FY16 Q2FY15 YOY % H1FY16 H1FY15 YOY % Interest on Loans 28982 27869 3.99 57563 55429 3.85 Interest on Resources 10745 8788 22.26 20998 17054 23.13 Other Interest income 931 605 53.86 1739 1267 37.30 Total Interest Income 40658 37263 9.11 80300 73
Slide 7: Components of Other Income
Components of Other Income Rs in Crores Q2FY16 Q2FY15 YOY % H1FY16 H1FY15 YOY % Fee Income 3153 3111 1.37 6355 5948 6.85 Profit/Loss on Sale of 1494 453 229.93 2366 1040 127.62 Investments Forex Income 474 466 1.60 962 899 7.02 Dividend Income 47 41 16.13 80 61 31.64 Misc Income 1029 500 105.76 1521
Slide 8: Components of Fee Income
Components of Fee Income Rs in Crores Q2FY16 Q2FY15 YOY % H1FY16 H1FY15 YOY % Fee Income 3153 3111 1.37 6355 5948 6.85 of which : 592 469 26.15 973 824 18.02 Loan Processing Charges Commission on Govt. 466 473 -1.57 1037 1001 3.57 Business Commission on LC/BG 727 744 -2.40 1495 1419 5.35 Transaction
Slide 9: Components of Operating Expenses
Components of Operating Expenses Rs in Crores Q2FY16 Q2FY15 YOY % H1FY16 H1FY15 YOY % Staff Expenses 6142 5564 10.39 12048 11129 8.27 of which : Salary 4614 4656 -0.91 9370 9317 0.57 Contribution for Employees 1528 908 68.35 2679 1811 47.88 Overheads 4042 3769 7.24 7753 6831 13.51 of which: 946 876
Slide 10: Key Performance Indicators: Performance Ratios
Key Performance Indicators: Performance Ratios Earning Per Share (Rs) Book Value per Share(Rs) 175.95 19.52 19.95 158.98 160.84 162.54 17.28 17.55 Sep 14 Mar 15 Jun 15 Sep 15 Sep 14 Mar 15 Jun 15 Sep 15 ROA (%) ROE(%) 0.72 0.73 12.30 12.61 0.70 0.68 11.49 11.17 Sep 14 Mar 15 Jun 15 Sep 15 Sep 14 Mar
Slide 11: Key Performance Indicators: Performance Ratios
Key Performance Indicators: Performance Ratios Yield on Advances (%) Cost of Deposits (%) 10.51 10.55 6.36 6.39 6.35 10.33 10.32 6.30 Sep 14 Mar 15 Jun 15 Sep 15 Sep 14 Mar 15 Jun 15 Sep 15 Domestic NIM (%) Whole Bank NIM (%) 3.49 3.54 3.11 3.16 3.29 3.32 2.99 3.01 Sep 14 Mar 15 Jun 15 Sep 15 Sep 14
Slide 12: Retail Deposits Drive Growth
Retail Deposits Drive Growth Market Rs in Crores 17.21% 16.88% Share (% YOY growth) 91,923 90,859 FOs (1) 890,762 TD (13) 791,125 101,033 CA (11) 90,939 550,397 SB (10) 500,861 Sep 15 YOY Gr 10.88% Sep 14 Total 16,34,115 1473785 Sep 15 Jun 15 Sep 14 CASA CASA CASA 42.24% 41.70% 42.79% State Bank of
Slide 13: Diversified Exposure Across Sectors
Diversified Exposure Across Sectors Rs in Crores Share % (% YOY growth) Share % 2 30,552 Misc (9) 2 28,110 19 265,817 FOs (17) 18 227,246 21 Retail (17) 20 291,043 249,259 9 Agri (-2) 10 118,419 121,120 13 176,572 14 SME (5) 168,011 15 204,749 MCG (-5) 215,880 17 21 283,549 CAG (22) 233,012 19 Sep 1
Slide 14: Diversified Exposure Across Industry
Diversified Exposure Across Industry Rs in Crores Sep 15 Mar 15 Sep 14 Sep15 Product / Segment YOY Gr YTD Gr Level % Share Level % Share Level % Share % % Infrastructure 188674 17.08 177253 16.10 163721 16.12 15.24 6.44 Iron & Steel 77817 7.04 80610 7.32 70162 6.91 10.91 -3.46 Textiles 39984 3.62 42
Slide 15: Retail Advances
Retail Advances Rs in Crores Distribution of Retail Loans(%) Distribution of Home Loans(%) Above Other Per. 30 25 24.2 22.7 Rs.30 lacs 5.4 Education 6.2 11.7 11.6 Auto 70 Upto Rs.30 75 58.6 Home 59.6 lacs Sep 15 Sep 14 Sep 15 Sep 14 Total 291043 249259 Total 170899 148502 Level Home Auto Education O
Slide 16: SME Advances
SME Advances Rs in Crores Sep-15 Sep-14 29773 26809 10862 11969 10754 10105 8836 5562 5486 1943 ABL Bills SCFU CGTMSE OD Level ABL Bills SCFU CGTMSE OD B/S Fin Total Sep14 1,943 26,809 8,836 10,105 5,486 1,14,832 1,68,011 Mar 15 7,408 30,914 10,745 10,482 4,886 1,17,038 1,81,473 Sep 15 10,862 29,773
Slide 17: Agri Advances
Agri Advances Rs. in Crores Agri Segmental Advances Sep 15 Sep 14 96353 95881 16320 18999 5031 3772 1974 1209 Crop production Farm Mechanization Horticulture Other Agri Term Loan Investment/ Allied Crop / Production Collateralized by Gold out of A & B Agri Level Credit (A) (B) Amt. Share % Total Sep
Slide 18: Capital Adequacy
Capital Adequacy Rs. In crores Basel III CAR% 12.51% 12.44% 12.33% 12.00% 12.00% 12.17% 3.19% 2.72% 2.71% 2.40% 2.38% 2.26% Tier II # 9.32% 9.72% 9.62% 9.60% 9.62% 9.91% Tier I Mar 13 Mar 14 Sep 14 Mar 15 Jun 15 Sep 15 RWA 10,05,640 11,26,863 1126967 12,20,552 12,44,708 12,95,656 # CET1 = 9.87 % Sta
Slide 19: Non Performing Assets
Non Performing Assets Rs in Crores 4.95% 4.89% 4.25% 4.29% 4.15% 4.75% Gross NPA 51,189 61,605 60,712 56,725 56,421 56,834 Mar 13 Mar 14 Sep 14 Mar 15 Jun 15 Sep 15 2.57% 2.73% 2.24% 2.14% 2.12% 2.10% Net NPA 31,096 32,997 21,956 27,591 28,669 28,592 Mar 13 Mar 14 Sep 14 Mar 15 Jun 15 Sep 15 * PCR %
Slide 20: Gross NPAs by Sector
Gross NPAs by Sector Rs in Crores Break-up of Gross NPAs Sector-wise Gross NPAs to Total Gross NPAs % Sep15 Mar 15 Sep 14 Sector NPA Ratio % NPA Ratio % NPA Ratio% Large Corp 1.6 2.6 2.0 Intl. 4.7 4.6 4.7 Retail 5.3 4.5 5.6 Large 982 0.35 1,510 0.54 1,174 0.50 Corporate 18.0 18.8 Agri. 20.6 Mid 22,6
Slide 21: Movement of NPAs
Movement of NPAs Rs in Crores Q2FY16 Q1FY16 Q2FY15 Opening Level of Gross 56421 56,725 60,434 NPAs Less :Recovery 892 1,209 965 Less: Upgradation 629 1,494 1,670 Less :Write-off 3941 4,919 4,787 Add: Fresh Slippages 5875 7,318 7,700 Net Increase 413 -304 278 Closing Level of Gross NPAs 56834 56,421
Slide 22: Details of Restructured Assets
Details of Restructured Assets Rs in Crores Q2FY16 Q1FY16 H1FY16 Particulars Std. NPA Total Std. NPA Total Std. NPA Total Restructured Accounts as 1 55954 15366 71320 55,843 15,386 71,229 55843 15386 71229 on 01.04.2015 Fresh Restructuring + 2 2500 685 3185 3,936 2,076 6,012 6436 2761 9197 Increase
Slide 23: Movement of Impaired Assets
Movement of Impaired Assets Rs in Crores Sep 15 Jun 15 Mar 15 Dec 14 Sep 14 1. Gross Advances 13,70,701 13,13,735 13,35,424 12,65,483 12,42,638 2. Gross NPAs 56,834 56,421 56,725 61,991 60,712 3. Net NPAs 28,592 28,669 27,591 34,469 32,997 4. Restructured Standard 53,452 55,954 55,843 46,542 43,962
Slide 24: We Touch Lives…
We Touch Lives… Touch Points Customer Base Debit Branches card holders 16,415 21.5 crores Fin. Total Touch Group Total CSPs Inclusion/ INB Points ATMs Customers 58,571 Jan Dhan 2.4 crores 3.7 lacs 56,930 29.5 crores 8.5 crores POS Mobile 2.4 lacs 1.9 crores State Bank of India 24
Slide 25: Enormous Physical Footprints
Enormous Physical Footprints Internet Banking POS Transactions Mobile Banking Transactions (in Crores) (in Lacs) Transactions (in Lacs) 377 259 58.50 494 39.95 109 331 28.64 242 Sep 13 Sep 14 Sep 15 Sep 13 Sep 14 Sep 15 Sep 13 Sep 14 Sep 15 Debit Card spends Contact Centres ATM Transactions Avg no o
Slide 26: Financial Inclusion
Financial Inclusion Financial Inclusion Accounts ( in Crores) Financial Inclusion Deposits 8.50 (Rs. in Crores) 7.28 4.45 3.33 4.78 0.84 5931 3.53 3.95 3.94 4.05 4415 2.03 2182 2638 Mar 13 Mar 14 Mar 15 Sep 14 Sep 15 1048 PMJDY Pre-Jan Dhan Mar 13 Mar 14 Mar 15 Sep 14 Sep 15 Transactions through BC
Slide 27: Financial Inclusion in SBI (contd…)
Financial Inclusion in SBI (contd…) Average Balance (Rs.) 69 Zero Bal. A/cs (%) F.I A/cs 698 PMJDY A/cs 656 55 56 618 54 53 53 606 49 46 517 Mar 13 Mar 14 Mar 15 Jun 15 Sep 15 Mar 13 Mar 14 Mar 15 Jun 15 Sep 15 Financial Literacy Social Security Schemes RSETIs ( Total Numbers:117) H1’FY16 Cumulative
Slide 28: SBI on Social Media
SBI on Social Media State Bank of India is one of the Top Most Active Banks in addressing Customer Queries on Social Media - Report by The Economic Times • Total Videos Uploaded – 197 • Current Number of Subscribers – 11,125 • Highest Subscriber base amongst all Indian Banks • Current Number of view
Slide 29: Performance Highlights of Associate Banks- Net Profit
Performance Highlights of Associate Banks- Net Profit Rs in Crores Name Q2FY16 Q2FY15 YOY % H1FY16 H1FY15 YOY % SBBJ 180 119 51.26 451 333 35.44 SBH 375 311 20.58 627 538 16.54 SBM 132 102 29.41 226 177 27.68 SBP 83 81 2.47 223 217 2.76 SBT 103 19 442.11 184 69 166.67 Total ABs 873 632 38.13 1711 13
Slide 30: Performance Highlights of Non-Banking Subsidiaries- Net Profit
Performance Highlights of Non-Banking Subsidiaries- Net Profit Rs in Crores Name Q2FY16 Q2FY15 YOY % H1FY16 H1FY15 YOY % SBI Life Insurance 206 218 -5.50 408 459 -11.11 Company Pvt. Ltd SBI Capital Markets Ltd 57 108 -47.22 101 162 -37.65 SBI Funds Management 43 44 -2.27 88 83 6.02 P Ltd SBI Cards &
Slide 31: Performance Highlights of 'Non-Banking Subsidiaries'
Performance Highlights of ‘Non-Banking Subsidiaries’ 52% growth in New Business Premium while overall industry up by 14%. 33% growth in Gross Written Premium. Market share (MS) in New Business Premium among Private players increased to 15.3% in H1 16 from 12.9% in H1 15. Total MS including L
Slide 32: Balance Sheet (Solo)
Balance Sheet (Solo) Liabilities YOY (Rs in Crores) Sep-15 Mar-15 Sep-14 Growth (%) Capital 776 747 747 3.98 Reserves and Surplus 144,781 127,692 124,480 16.31 Deposits 1,634,115 1,576,793 1,473,785 10.88 Borrowings 225,470 205,150 186,781 20.71 Other Liabilities & Provisions 105,284 137,698 88,980
Slide 33: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) Liabilities YOY (Rs in Crores) Sep-15 Mar-15 Sep-14 Growth (%) Capital 776 747 747 3.98 Reserves and Surplus 179,923 160,641 155,762 15.51 Minority Interest 5,980 5,497 5,263 13.63 Deposits 2,133,521 2,052,961 1,926,216 10.76 Borrowings 255,496 244,663 225,135 13.49 Othe
Slide 34: Awards & Accolades
Awards & Accolades Global Finance Annual Survey-Worlds Best Bank -2015- SBI – No. 1 i) Country Winner- Emerging Markets (Asia-Pacific) ii) World’s Best Trade Finance Providers (Country Winner) iii) World’s Best Sub-Custodians- SBI Subsidiary (Country Winner) Gold Awards : Reader’s Digest Trusted Bra
Slide 35: Thank You
Thank You State Bank of India 35
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