State Bank Of India · NSE:SBIN
State Bank Of India — Q1 FY2017 Earnings Presentation
41 slides from State Bank Of India's earnings presentation, Aug 12, 2016
Slide 1: Quarterly Results Q1FY17 Analyst Presentation
Quarterly Results Q1FY17 Analyst Presentation 12.08.2016
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: • Financial Performance • Business • Capital
• Financial Performance • Business • Capital • Asset Quality • Digital • Associates & Subsidiaries • Balance Sheet 3
Slide 4: Sustained Operating Performance
Sustained Operating Performance Rs. In Crores Q1FY17 Q4FY16 Q1FY16 YOY % Interest Income 41,594 42,831 39,643 4.92 Other Income 7,335 10,696 5,088 44.16 Total Income 48,929 53,527 44,731 9.38 Interest Expenses 27,281 27,541 25,911 5.29 Net Interest Income 14,312 15,291 13,732 4.23 Operating Expenses
Slide 5: Provisions and Net Result
Provisions and Net Result Rs. In Crores Q1FY17 Q4FY16 Q1FY16 YOY % Operating Profit 11,054 14,192 9,202 20.12 Total Provisions 8,533 12,928 5,510 54.87 Loan Loss 6,340 12,139 3,359 88.76 Standard Assets 917 996 396 131.58 Investment Depreciation 11 -6 180 -93.74 Other Provisions 145 45 65 122.90 Inc
Slide 6: Interest Income/Expenses
Interest Income/Expenses Rs. In Crores Q1FY17 Q4FY16 Q1FY16 YOY % Interest on Loans 29,884 29,242 28,582 4.56 Interest on Resources 10,887 11,113 10,254 6.18 Other Interest income 823 2,476 808 1.88 Total Interest Income 41,594 42,831 39,643 4.92 Interest on Deposits 25,169 25,103 24,097 4.45 Intere
Slide 7: Robust Growth in Non-Interest Income
Robust Growth in Non-Interest Income Rs. In Crores Q1FY17 Q4FY16 Q1FY16 YOY % Fee Income 3,397 5,794 3,202 6.08 Profit/Loss on Sale of Investments 2,723 1,416 872 212.15 Forex Income 596 596 489 21.93 Dividend Income 158 395 32 388.03 Misc Income 461 2,496 492 -6.39 of which: Recovery in w/o account
Slide 8: Stable Fee Income
Stable Fee Income Rs. In Crores Q1FY17 Q4FY16 Q1FY16 YOY % Fee Income 3,397 5,794 3,202 6.08 of which : 431 1,175 381 13.12 Loan Processing Charges Commission on Govt. Business 577 465 571 1.00 Commission on LC/BG 712 826 768 -7.33 Transaction Fees 779 1,940 801 -2.77 Cross Sell 105 194 76 38.82 Mis
Slide 9: Investing in Our Future Growth
Investing in Our Future Growth Rs. In Crores Q1FY17 Q4FY16 Q1FY16 YOY % Staff Expenses 6,257 6,943 5.93 5,906 Overheads 4,337 4,852 16.85 3,712 Operating Expenses 10,594 11,794 10.14 9,618 Cost to Income Ratio 48.94 49.13 51.10 -216 bps Past 12 Months Branches opened 505 ATMs Installed 4,570 POS Ins
Slide 10: Containing Operating Expenses
Containing Operating Expenses Rs. In Crores Q1FY17 Q4FY16 Q1FY16 YOY % Staff Expenses 6,257 6,943 5,906 5.93 of which : Salary 5,201 4,913 4,756 9.37 Contribution for Employees 1,055 2,030 1,151 -8.30 Overheads 4,337 4,852 3,712 16.85 of which: 922 981 854 7.87 Rent, Taxes and Lighting Depreciation
Slide 11: Key Performance Indicators: Performance Ratios
Key Performance Indicators: Performance Ratios Yield & Costs (%) Net Interest Margin (%) YOA COF COD Domestic Whole Bank Foreign 10.55 10.33 10.32 10.12 10.00 3.54 6.49 3.29 3.32 3.22 3.27 6.44 3.09 6.39 6.34 3.16 6.31 9.55 2.99 3.01 2.93 2.96 6.39 2.83 6.35 6.30 6.26 6.22 6.07 1.30 1.33 1.34 1.29 1
Slide 12: Other Performance Ratios
Other Performance Ratios Earnings Per Share (Rs) Book Value per Share(Rs) 19.95 180.23 19.52 175.95 177.77 176.60 17.55 15.10 162.54 12.98 13.03 160.84 Mar 15 Jun 15 Sep 15 Dec 15 Mar 16 Jun 16 Mar 15 Jun 15 Sep 15 Dec 15 Mar 16 Jun 16 ROA (%) ROE(%) 0.72 0.73 0.68 12.3 12.61 0.55 11.17 0.46 0.44 9.
Slide 13: CASA Driving Deposit Growth (1)
CASA Driving Deposit Growth……(1) Rs. In Crores (% YOY growth) 83,369 88,618 FOs (-6) 972,235 TD (9 ) 889,032 109,828 CA ( 13) 96,845 CASA CASA 42.78% 616,938 SB (14 ) 41.70% 539,050 Jun 16 Jun 15 10.46% 17,82,371 YOY 16,13,545 Market Share 17.26% 17.27% 13
Slide 14: CASA Driving Deposit Growth (2)
CASA Driving Deposit Growth ……(2) Number of Current accounts Number of Saving Bank Accounts Total CASA accounts (in lacs) (in crore) (in crore) 30.73 11.87% 30.37 36.07 11.90% 9.87% 27.47 27.14 32.83 Jun 15 Jun 16 Jun 15 Jun 16 Jun 15 Jun 16 Daily Average CASA Ratio – Jun 16: 42.09 % 14
Slide 15: Retail Advances Driving Growth
Retail Advances Driving Growth Rs. In Crores (% YOY growth) Share % 3 34,209 Misc (-6) 18 270,365 36,268 3 FOs (8) 250,950 19 337,087 Retail (20) 23 280,114 21 9 124,594 Agri (8 ) 115,813 9 12 182,093 SME (4) 174,591 13 14 207,137 MCG (4 ) 200,035 15 21 308,206 CAG (20) 255,964 20 Jun 16 Jun 15 11.4
Slide 16: Home Loans Constitute Nearly 60% of Retail Loans
Home Loans Constitute Nearly 60% of Retail Loans Rs. In Crores Home Loans Auto Loans Other P-Segment Loans 20.71% 19.42% 19.98% 99829 197575 39683 163678 83207 33229 Jun 15 Jun 16 Jun 15 Jun 16 Jun 15 Jun 16 Market 25.05% 25.55% 25.66% 25.38% Share Total P-Segment Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16
Slide 17: Diversified Exposure Across Industries
Diversified Exposure Across Industries – Domestic Fund Based Outstanding Rs. In Crores Jun 16 Mar 16 Jun15 Jun 16 YTD Gr YOY Gr Level % Share Level % Share Level % Share % % Infrastructure 2,01,430 16.88 2,07,522 16.70 1,71,914 16.18 -2.94 17.17 of which: Power 1,34,508 11.27 1,36,455 10.98 1,05,610
Slide 18: Strong Capital Position
Strong Capital Position 14.01% 13.12% 12.00% 3.19% 3.20% Tier II 0.11% 2.38% AT1 Tier 1 0.11% 0.03% CET1 10.71% 10.82% 9.92% 9.62% 9.81% 9.59% Jun 16 Mar 16 Jun 15 $ During Q1FY17 : During FY17 Major Contributions to CET 1 GOI expected infusion Rs. 7,575 Cr - Revaluation of Real estate Assets: Rs. 1
Slide 19: Gross NPAs: Segment wise
Gross NPAs: Segment wise Rs. In Crores Jun 16 Mar 16 Jun 15 Sector NPA Ratio% NPA Ratio% NPA Ratio% Large Corporate 21,870 7.07 20,696 6.27 1,026 0.40 Mid Corporate 42,248 19.59 41,515 17.12 21,468 10.30 SME 17,344 8.40 17,032 7.82 17,168 8.48 Agri 8,764 7.03 8,687 6.93 10,856 9.36 Retail 2,911 0.86
Slide 20: Movement of NPAs
Movement of NPAs Rs. In Crores Q1FY17 Q4FY16 FY16 Q1FY16 Opening Level of Gross NPAs 98,173 72,792 56,725 56,725 Less :Recovery 1,647 1,627 4,389 1,209 Less: Up gradation 1,169 97 2,598 1,494 Less :Write-off 4,613 3,208 15,763 4,919 Add: Increase in O/s 2,007 Add: Fresh Slippages 8,790 * 30,313 64,1
Slide 21: Movement of Impaired Assets
Movement of Impaired Assets Rs. In Crores Jun 16 Mar 16 Jun 15 Gross Advances 14,63,690 15,09,500 13,13,735 Restructured Standard 36,551 39,055 55,954 Total Gross NPAs plus Restructured Std. 1,38,092 1,37,228 1,12,375 Gross NPA + Restructured Standard to Gross Adv. % 9.43 9.09 8.55 Slippage from Res
Slide 22: Digital Updates
Digital Updates Mobile Banking: Retail Internet Banking: Retail Number of Active Customers : 1.38 crore No. of customers : 2.63 crores Transaction Amount during Q1FY17 :Rs.15,648 crore Avg. No. Of Daily Transactions: 27.62 lacs Mobile Banking: Corporate Internet Banking: Corporate Number of Active C
Slide 23: Alternate Channels: Dominant Market Share
Alternate Channels: Dominant Market Share Channel Market Share (%) Market Share (%) Next SBI Largest Player Number of ATMs 24.97 6.91 ATM : Amt of Txns 31.26 8.00 Number of Debit Cards 28.61 6.65 Debit Card Spends 22.70 16.57 Number of PoS Terminals 21.81 20.45 PoS: Value of Txns 22.25 16.47 Mobile
Slide 24: Moving away from Cash to Digital
Moving away from Cash to Digital Share of Transactions (%) JUN 16 JUN 15 Internet Banking 18.45 16.55 POS 6.16 4.18 Mobile Banking 2.07 78 2.24 71 Kiosk 7.66 4.84 ATM/CDM 44.05 42.69 Branch 21.60 29.49 24
Slide 25: Expanding Digital Footprint (1)
Expanding Digital Footprint….(1) POS Transactions Mobile Banking Transactions (No. in Lacs) (No.in Lacs) 304 497 174 118 238 154 Jun 14 Jun 15 Jun 16 Jun 14 Jun 15 Jun 16 Debit Card spends Internet Banking Transactions (Rs. in Crores ) (No. in Crores) 34 28 10307 19 6826 7837 Jun 14 Jun 15 Jun 16 Ju
Slide 26: Expanding Digital Footprint (2)
Expanding Digital Footprint …. (2) No of Calls (lacs) No of Registrations (in lacs) 35.04 149 149 Monthwise 130 140 136 126 114 13.35 7.86 0.88 1.00 1.77 1.56 2.69 Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 Total* Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 * Cumulative till 25.07.16 User
Slide 27: Our Financial Inclusion (1)
Our Financial Inclusion ….(1) Financial Inclusion Accounts ( No. in Crs) Transactions through BC Channel (No. in Crores) PMJDY Others 9.82 9.28 21.69 7.28 7.81 5.32 5.87 14.16 3.33 3.86 7.07 5.44 5.77 3.53 3.95 3.96 3.95 3.95 Mar 14 Mar 15 Mar 16 Jun 15 Jun 16 Mar 14 Mar 15 Mar 16 Jun 15 Jun 16 Out
Slide 28: Our Financial Inclusion (2)
Our Financial Inclusion …. (2) Average Balance (Rs.) Zero Bal. A/cs (%) F.I A/cs 955 909 69 PMJDY A/cs 54 53 56 49 618 606 44 37 38 34 Mar 14 Mar 15 Mar 16 Jun 16 Mar 14 Mar 15 Mar 16 Jun 15 Jun 16 Financial Literacy Social Security Schemes RSETIs ( Total Numbers: 116) Q1FY17 Cumulative (Enrolment u
Slide 29: SBI on Social Media
SBI on Social Media SBI ranked No.1 among Top 100 Banks using Social Media by The Financial Brand in their list of “Power 100 Ranks – Banks” SBI Online is the world’s 8th most visited banking site. Highest number of likes across all banks in the world – 56.34 Lakhs Highest number of followers across
Slide 30: Associate Banks: Asset Quality
Associate Banks: Asset Quality Ratios Q1FY17 Q4FY16 Q1FY16 GNPA 9.14% 5.98% 4.94% Gross Impaired Assets 13.64% 11.86% 12.82% NNPA 5.50% 3.39% 2.82% Slippage Ratio 20.00% 13.71% 3.70% Provision Coverage Ratio 54.47% 60.03% 57.87% Credit Cost 5.56% 3.18% 1.07% 30
Slide 31: Associate Banks: Performance
Associate Banks: Performance Rs. In Crores SBBJ SBH SBM SBP SBT Q1FY17 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16 Deposits 95,725 86,845 1,39,794 1,33,403 72,718 68,892 1,04,686 96,085 1,04,147 93,892 Advances 74,033 70,436 1,12,451 1,06,726 55,228 52,612 85,239 79,705 68,276 68,
Slide 32: Non-Banking Subsidiaries: SBI Life Insurance
Non-Banking Subsidiaries : Performance Highlights for Q1 of FY: 2016-17 Performance Highlights: 1. The Company registered growth of 78% in New Business Premium at Rs.1,866 Cr 2. The Company has achieved 69% growth in individual Adjusted Premium Equivalent (APE) at Rs.722 Cr SBI Life 3. The Company r
Slide 33: Non-Banking Subsidiaries: SBI Life Embedded Value
Non-Banking Subsidiaries : Performance Highlights for Q1 of FY: 2016-17 Embedded Value: The Embedded Value (EV) in the Life Insurance context is a realistic measure of the Shareholders’ interest in the covered business of the Company 1. The Embedded Value of the Company is being published for the Fi
Slide 34: Non-Banking Subsidiaries: SBI Capital Markets
Non-Banking Subsidiaries : Performance Highlights Q1 FY: 2016-17 Performance Highlights: 1. 1. Large Mandates in Infra Space: GAIL India, ONGC Petro Additions, Indian Railway Catering & Tourism Corporation Ltd., Hindustan Copper Ltd., Securities and Exchange Board of India, Ministry of Mines, Relian
Slide 35: Non-Banking Subsidiaries: SBI Funds Management
Non-Banking Subsidiaries : Performance Highlights Q1 FY: 2016-17 Performance Highlights: SBI Funds Management Pvt. Ltd. was the fastest growing among the top AMCs. The average AUM increased by 43% to Rs. 1,19,384 Crs. in the Quarter ending June 2016, compared to June 2015. T15 cities showed a grow
Slide 36: Non-Banking Subsidiaries: SBI Funds Management Awards
Non-Banking Subsidiaries : Performance Highlights Q1 FY: 2016-17 Awards: The Best Fund House in India. The Best Long Term Equity Asset Management House. Runner up for Best Debt fund house. Lipper Award (Best Group Over 3 Years) SBI Funds SBI FM won Fund Family Award for mixed asset classes
Slide 37: Non-Banking Subsidiaries: SBI Card and Payment Services
Non-Banking Subsidiaries : Performance Highlights Q1 FY: 2016-17 Performance Highlights: 1. Consistent business performance leading to PBT of Rs. 132 Cr in Q1 FY16-17 growth @ 32% vs Q1 15-16 . 2. 30% growth in new accounts . . . Premium penetration up 20% vs Q1 FY 15-16. 3. Cards-in-force growing @
Slide 38: Non-Banking Subsidiaries: SBI General
Non-Banking Subsidiaries : Performance Highlights Q1 FY: 2016-17 Performance Highlights: 1. 1. SBI General has reported quarterly profit for the first time since inception. 2. SBI General has grown at 28%, higher than the Private insurers that grew at 20.8% and the General Insurance Industry, which
Slide 39: Balance Sheet (Solo)
Balance Sheet (Solo) Rs. In Crores Liabilities Rs. In Crores Jun 16 Jun 15 YOY Growth (%) Capital 776 757 2.60 Reserves and Surplus 1,78,333 1,35,208 31.90 Deposits 17,82,371 16,13,545 10.46 Borrowings 2,17,471 2,06,661 5.23 Other Liabilities & Provisions 95,447 94,934 0.54 Total Liabilities 22,74,3
Slide 40: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) Rs. In Crores Liabilities Jun 16 Jun 15 YOY Growth (%) Capital 776 757 2.60 Reserves and Surplus 2,13,277 1,69,253 26.01 Minority Interest 6,176 5,794 6.60 Deposits 23,11,338 21,03,799 9.86 Borrowings 2,47,746 2,42,393 2.21 Other Liabilities & Provisions 2,02,808 1,90,61
Slide 41: Thank You
Thank You 41
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