State Bank - Investor Report analysis, Annual report

7/30/2019 State Bank - Investor Report analysis, Annual report

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State Bank of IndiaWelcomes

Delegates to theInvestment Analysts Conference,

CALCUTTA

18th June 1998


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INCOME & EXPENSES(Rs. in Millions)

31. 3. 1997 31. 3. 1998 Growth(%)

Interest Income 149,506 158,789 6.21

Interest Expense 95,914 104,732 9.19

Net Interest Income 53,592 54,0570.88

Other Operating Income 26,431 28,202 6.70

TotalNet Income 80,023 82,259 2.79

Operating Expenses 46,047 47,209 2.52

Operating Profit 33,976 35,050 3.16

Provisions & Contingencies 20,484 16,438 - 19.75

NET PROFIT 13,492 18,612 37.95


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INTEREST INCOME(Rs. In Millions)

31-3-1997 31-3-1998 Growth

%

Advances/Bills 81,375 78,291 - 3.79Investments 55,215 63,916 15.76

Inter-bank Funds 7,218 6,316 -12.50

Sundries 5,699 10,266 80.14Total 149,507 158,789 6.21


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OTHER INCOME(Rs. In Millions)

31-3-1997 31-3-1998 Growth

%

Commission & Exchange 14,065. 15,840 12.62Government Business 3,983 4,538 13.92Forex Transactions 6,991 5,055 - 27.69

Dividend from Subsidiaries 401 501 24.94

Sale of Investments 259 1,156 346.33Lease Income 191 470 146.07

Miscellaneous 541 642 18.67

Total 26,431 28,202 6.70


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INTEREST EXPENSES(Rs. In Millions)

31-3-1997 31-3-1998 Growth

%

Deposits 83,008 95,863 15.49

Borrowings 4,816 4,812 - 0.08

Others 8,090 4,057 - 49.85

Total 95,914 104,732 9.19


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OPERATING EXPENSES(Rs. in Millions)

31-3-1997 31-3-1998 Growth

%

Staff Expenses 33,229 35,577 7.07

Overheads 12,818 11,629 - 9.28

Total 46,047 47,206 2.52


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OTHER OPERATING INCOME TO

TOTAL INCOME (%)

15.0815.02

17.54

15.96

Mar.'95 Mar.'96 Mar.'97 Mar.'98


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Operating Expenses To

Total Net Income (%)

57.3957.54

59.54

60.31

Mar.'95 Mar.'96 Mar.'97 Mar.'98


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Average Costs & Yields (%)(DOMESTIC OPERATIONS)

31-3-97 31-3-98

Cost of Deposits 8.19 8.01

Cost of Borrowings 9.53 24.03

Yield on Advances 13.43 11.88Yield on Investments 11.88 11.80


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PERFORMANCE HIGHLIGHTS

31.3. 1997 31.3.1998 Growth

%

Net Profit (Rs. in Millions) 13,493 18,612 37.94

ROAA (%) 0.89 1.09 23.86RONW (%) 16.92 19.37 16.20

Expense Ratio (%) 57.54 57.39 - 0.26

Net Interest Margin 4.01 3.57 - 10.97

EPS (Rs) 26.66 35.36 32.63

DPS (Rs) 4.00 4.00


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PERFORMANCE HIGHLIGHTS(Continued)

As a % to Working Funds 31-3-1997 31-3-1998

Interest Income 9.55 8.86

Non-interest Income 1.69 1.57Operating Profit 2.17 1.96

Per EmployeeBusiness (Rs. in Million) 7.58 7.54

Net Profit (Rs. In Thousand) 56.28 77.00


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31.3.1997 31-3-1998 Growth

%

Cash & Balance with RBI 108,472 134,146 23.67

Balance with BanksandMoney at Call & Short notic 169,056 192,313 13.76

Investments 468,276 549,822 17.42

Advances 622,332 742,373 19.42Fixed Assets 11,709 15,063 28.64

Other Assets 184,887 163,010 - 11.83

Total 1,564,732 1,796,727 14.83

(Rs. In Millions)


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31-3-97 31-3-1998 Growth%

Deposits 1,107,012 1,310,913 18.42Borrowings 69,605 80,934 16.28Other Liabilities 308,343 308,798 0.15

Total Liabilities 1,484,960 1,700,645 14.52

Capital 5,263 5,263 0

Reserves 74,509 90,819 21.88

Total1,564,732 1,796,727 14.83

(Rs. In Millions)


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CAPITAL ADEQUACY RATIO

10.69

4.7

3.72

3.89

8.456.9

0

2

4

6

8

10

12

14

16

Mar.'96 Mar.'97 Mar.'98

Tier II

Tier I

11.60 12.1

7

14.58


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DEPOSITS(Rs. in Millions)

31-3-1997 31-3-1998 Growth

%

DOMESTIC 1,037,674 1,235,487 19.06%

FOREIGN OFFICES 69,338 75,426 8.78%

WHOLE BANK 1,107,012 1,310,913 18.42%


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BORROWINGS(Rs. In Millions)

31-3-1997 31-3-1998 Growth

%

DOMESTIC 8,834 8,376 -5.19%

FOREIGN OFFICES 60,771 72,558 19.40%

WHOLE BANK 69,605 80,934 16.28%


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INVESTMENTS(Rs. In Millions)

31-3-1997 31-3-1998 Growth%

DOMESTIC 457,124 527,608 15.42

FOREIGN OFFICES 11,151 22,214 99.21

WHOLE BANK (Net) 468,275 549,822 17.41


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ADVANCES(Rs. In Millions)

31-3-1997 31-31998 Growth

%

DOMESTIC 550,230 641,405 16.57

FOREIGN OFFICES 72,102 100,968 40.04

WHOLE BANK 622,332 742,373 19.29


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CREDIT OUTFLOW(Rs. in millions)

31-3-1997 31-3-1998 Growth(%)

DOMESTIC 553,538 646,219 16.74

(Including CPs, Debentures etc.)

FOREIGN OFFICES 72,102 100,968 40.04

WHOLE BANK (Net) 625,640 747,187 19.43


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Non-performing Loans /

TotalLoans

Net NPA /

Net Loans

(%)

31-3-1995 9.31

31-3-1996 6.59

31-3-1997 7.30

31-3-1998 6.07


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PROVISIONS & CONTINGENCIES(RS. IN MILLIONS)

31-3-1997 31-3-1998 Growth%

Income Tax 9,250 10,010 8.22

Other Taxes 2,245 1,269 - 43.47

Bad Debts 8,333 11,514 38.17

Investments 39 - 9,506 Negative

Others 617 3,151 410.69

Total 20,484 16,438 - 19.75


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SBI Thanks

AllDelegates


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Categories of Assets

Standard 84.04% 83.98% 85.86%

Sub-Standard 3.25% 4.68% 4.35%

Doubtful 10.24% 9.56% 7.70%

Loss 2.47% 1.78% 2.09%

31.3.1996 31.3.1997 31.3.1998


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FOREIGN EXCHANGE BUSINESS(Rs. In Millions)

31-3-1996 31-3-1997 31-3-1998

SALESDomestic Offices 691,828 811,317 761,338Foreign Offices 640,560 613,230 588,730

PURCHASESDomestic Offices 454,382 510,472 568,325Foreign Offices 608,090 582,160 558,880


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CAPITAL HOLDING (%)

31-3-1997 31-31998

Reserve Bank of India 59.73 59.73

Financial Institutions 5.36 7.78

Mutual Funds 3.72 3.80

Other Corporates 0.66 1.06

Non-Residents 19.98 18.33(FIIs, OCBs, NRIs etc.)

Other Residents 10.55 9.30


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OERATING EXPENSES(Rs. In Millions)

31-3-1997 31-3-1998 Growth

%

Staff Expenses 33,229 35,577 7.07

Rent, Taxes & Lighting 3,031 3,448 13.77

Printing & Stationery 755 846 12.09

Advertisement & Publicity 117 150 28.17

Depreciation (Banks Property) 944 1,461 54.78

,, (Leased Assets) 29 179 517.68

Auditors Fee & Expenses 138 167 21.09

Law Charges 163 117- 28.12Postage & Telegrams 545 619 13.64

Repairs & Maintenance 374 413 10.41

Insurance 2,656 601 - 77.35

Others (Incl. HO Expenses) 4 066 3 628 - 10 76

State Bank - Investor Report analysis, Annual report

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