Académique Documents
Professionnel Documents
Culture Documents
Shri R. Sridharan
Shri S. Venkatachalam
Shri D. Sundaram
. .
Shri G. D. Nadaf
, -400 021
Notice
56 ``
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() , 20 2011 3.30
- :
``31 2011
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( )
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: 29 , 2011
Mumbai.
Date: 29th April, 2011
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I V
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(-II) - III
( )
, ,
(PRATIP CHAUDHURI)
CHAIRMAN
Contents
List of Directors of Central Board, Committees of the Board, Members
of the Local Boards and Members of the Central Management Committee
and the Banks Auditors
2
Financial Highlights
8
Performance Indicators
10
Highlights
11
From the Chairmans Desk
13
Directors Report
Management Discussion and Analysis
Economic Backdrop and Banking Environment
25
Financial Performance
27
Performance Highlights
31
A Global Markets Operations
31
B
Corporate Banking Group
31
C
Mid Corporate Group
35
D
National Banking Group
37
E
Rural Business Group
45
F
Cross Selling
53
G
Corporate Strategy and New Business
53
H International Banking Group (IBG)
59
I
Asset Quality
63
J
Associates & Subsidiaries
63
K
Information Technology
71
L
Risk Management & Internal Controls
75
M Customer Service & Corporate Social Responsibility
85
N Corporate Communication & Change
93
O Right to Information Act
93
P
Human Resources
93
Q Business Process Re-engineering
97
R
Official Language
97
S
KYC/AML/CFT Measures
97
T
Fraud Prevention & Monitoring
99
U Compensation Policy for Deficiency in Service
99
V
Bank's Outsourcing Policy
101
W Super Circle of Excellence
101
X
Green Banking Initiatives
101
Responsibility Statement, Acknowledgement
103
Corporate Governance
105
Annexures I to V
131
Balance Sheet, Profit & Loss Account, Cash Flow Statement
and Report of the Auditors of
State Bank of India
148
State Bank Group (Consolidated)
202
New Capital Adequacy Framework (Basel-II) Pillar - III
(Market Discipline) Disclosures
255
Proxy Form, Attendance Slip, NECS Mandate Form
282
2
8
10
11
12
24
26
30
30
30
34
36
44
52
52
58
62
62
70
74
84
92
92
92
96
96
96
98
98
100
100
100
102
104
130
148
202
255
281
Central Board
of Directors
(17 2011 )
Chairman
Shri Pratip Chaudhuri
Managing Directors
Shri R. Sridharan
19()
.
Shri S. Venkatachalam
Shri D. Sundaram
: 3 3
: 6
19()
. .
Shri G. D. Nadaf
19()
.
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: 6
19()
19()
17 2011
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(17 2011 )
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* 21 (1) ()
Ahmedabad
Shri P. Nanda Kumaran
Chief General Manager (Ex-Officio)
Bangalore
Smt. Soundara Kumar
Chief General Manager (Ex-Officio)
Ms. N.S. Rathna Prabha
Shri L. Chandrashekar
Shri R. Ashok Kumar
Shri Srinivas Tiwari
Bhopal
Shri M. Bhagavantha Rao
Chief General Manager (Ex-Officio)
Bhubaneswar
Shri C. H . Narasimha Rao
Chief General Manager (Ex-Officio)
Shri Muralidhar Jena
Chandigarh
Shri Susheel Kumar Sehgal
Chief General Manager (Ex-Officio)
Shri Gurjit Singh Lehal
Shri Tirloki Nath Singla
Shri Rashpal Malhotra*
Chennai
Shri J. Chandrashekaran
Chief General Manager (Ex-Officio)
Shri S. Vanamamalai
Dr. Ashok Jhunjhunwala*
Delhi
Shri Sunil Pant
Chief General Manager (Ex-Officio)
Dr. Rajiv Kumar*
Hyderabad
Shri Rakesh Sharma
Chief General Manager (Ex-Officio)
Shri Chinta Venkat Krishna
Shri Jaldu Koteswara Rao
Kerala
Shri B. S. Bhasin
Chief General Manager (Ex-Officio)
Shri C.A. Babu Abraham Kallivayalil
Kolkata
Shri Suriender Kumar
Chief General Manager (Ex-Officio)
Shri Sankar Kumar Sanyal
Shri Sukhendu Sekhar Ray
Shri Subrata Ghosh
Lucknow
Shri Abhay Kumar Singh
Chief General Manager (Ex-Officio)
Shri Madan Mohan Shukla
Mumbai
Shri Atanu Sen
Chief General Manager (Ex-Officio)
Shri Dileep C. Choksi*
Shri S. Venkatachalam*
Shri D. Sundaram*
Shri Syed Javed Munir Hashmi
Shri Pradeep S. Jain
North Eastern
Shri R. K. Garg
Chief General Manager (Ex-Officio)
Ms. Minati Saikia
Dr. Kalyan Kumar Gogoi
Shri Ashok Kumar Das
Patna
Shri Jeevandas Narayan
Chief General Manager (Ex-Officio)
* Directors on the Central Board nominated on the Local Boards as
per Section 21(1)(b) of SBI Act.
Members of
Central
Management
Committee
(17 2011 )
Shri R. Sridharan
Managing Director & Group Executive
(Associates & Subsidiaries)
.
( )
.
( )
.
( )
.
( )
Shri C. Narasimhan
Deputy Managing Director
(Corporate Strategy & New Businesses)
Shri A. P. Verma
Deputy Managing Director & Chief Credit and
Risk Officer
. .
Shri S. S. Ranjan
Deputy Managing Director
(Inspection & Management Audit)
. .
( )
( )
( )
.
( )
Shri R. Venkatachalam
Deputy Managing Director
(Stressed Assets Management)
.
( )
6
The Banks
Auditors
. . ,
. . ,
. . ,
. . ,
. ,
. . . . ,
, (` )
(` `000)
(%)
Return on Equity (%)
(%)
(` )
(` )
(` )
(` )
(` )
(` )
Expenses to Income(%)
(Operating Expenses to total Net Income)
(%)
( )
(` )
(` )
(` )
(` )
15224.00
115.82
15.97
0.73
2432.00
3699.59
1426.52
2186.69
3613.21
6044.83
54.40
4174.48
9081.24
20728.84
29810.08
2001-02
17203.00
147.83
18.05
0.86
3105.00
5267.50
2077.98
2592.42
4670.40
7775.40
50.53
5740.26
9977.56
21109.46
31087.02
2002-03
20231.00
176.61
18.19
0.94
3681.00
4971.28
2169.71
3702.75
5872.46
9553.46
49.18
7612.46
11186.32
19274.17
30460.49
2003-04
24072.00
207.50
18.10
0.99
4305.00
6521.60
5481.84
1204.00
6685.84
10990.36
47.83
7119.90
13944.62
18483.38
32428.00
2004-05
27644.00
216.76
15.47
0.89
4407.00
6906.15
6744.74
147.81
6892.55
11299.23
58.70
7435.20
15589.13
20390.45
35979.58
2005-06
31298.00
236.81
14.24
0.84
4541.00
7625.08
4029.13
1429.50
5458.63
9999.94
54.18
6765.26
15058.20
22184.13
37242.33
2006-07
49033.00
372.57
17.82
1.01
6729.00
10438.90
4377.49
2000.94
6378.43
13107.55
49.03
8694.93
17021.23
31929.08
48950.31
2007-08
57948.00
473.77
15.07
1.04
9121.00
14180.64
6319.03
2474.97
8794.00
17915.23
46.62
12690.79
20873.14
42915.29
63788.43
2008-09
10
65949.00
446.03
14.04
0.88
9166.00
13926.08
4007.01
5147.85
9154.86
18320.91
52.59
14968.15
23671.44
47322.48
70993.92
2009-10
64986.04
384.63
12.84
0.71
8264.52
14954.23
8278.96
8792.09
17071.05
25335.57
47.60
15824.59
32526.40
48867.96
81394.36
2010-11
2007-08
2008-09
2009-10
2010-11
Tier II
II
Tier I
Tier II
II
Tier I
(%)
-II
Basel- II
Basel- I
- I
(%)
(`)
(`)
(` )
51
9034
5.63
N.A.
N.A.
N.A.
4.13
9.22
13.35
12.98
6.00
63.72
3457.66
48
9033
4.50
N.A.
N.A.
N.A.
4.69
8.81
13.50
14.40
8.50
59.00
3462.32
54
9039
3.48
N.A.
N.A.
N.A.
5.19
8.34
13.53
15.72
11.00
69.94
3463.20
54
9102
2.65
N.A.
N.A.
N.A.
4.41
8.04
12.45
15.28
12.50
81.79
3464.84
70
9177
1.88
N.A.
N.A.
N.A.
2.52
9.36
11.88
16.72
14.00
83.73
4985.81
83
9231
1.56
N.A.
N.A.
N.A.
4.33
8.01
12.34
16.22
14.00
86.10
14430.69
84
10186
1.78
N.A.
N.A.
N.A.
4.40
9.14
13.54
20.18
21.50
126.62
18781.84
92
11448
1.79
4.87
9.38
14.25
4.44
8.53
12.97
20.19
29.00
143.77
27174.40
142
12496
1.72
3.94
9.45
13.39
3.54
8.46
12.00
20.78
30.00
144.37
29174.40
156
13542
1.63
4.21
7.77
11.98
3.76
6.93
10.69
23.05
30.00
130.16
36836.40
145142.03 172347.90 185676.48 197097.91 162534.24 149148.88 189501.27 275953.96 295785.20 295600.57
2006-07
(` )
Investments (` crores)
2005-06
120806.00 137758.00 157934.00 202374.00 261801.00 337336.00 416768.00 542503.00 631914.00 756719.45
2004-05
(` )
Advances (` crores)
2003-04
270560.00 296123.00 318619.00 367048.00 380046.00 435521.00 537404.00 742073.00 804116.00 933932.81
2002-03
Deposits (` crores)
(` )
2001-02
10 ()
<STpQS _z@uO@
Performance Indicators
12.97
14
12
4.44
10
O_mam{e`m Ed A{J_
Deposits and Advances
14.25
12.00
4.87
13.39
11.98
10.69
3.94
3.54
4.21
3.76
8
6
8.53
9.38
8.46
9.45
6.93
7.77
(`
H$amoS> ` crores)
16
2
0
loUr
loUr
Tier-I
950000
900000
850000
800000
750000
700000
650000
600000
550000
500000
450000
400000
350000
300000
250000
200000
150000
100000
50000
0
933933
804116
756719
742073
631914
542503
2008-09
Tier-II
2009-10
O_mam{e`m
A{J_
Deposits
Advances
2010-11
{V H$_Mmar `dgm`
{V H$_Mmar bm^
70465
( ` 000)
50000
45000
40000
35000
30000
25000
20000
15000
10000
5000
384.63
350
300
250
200
150
100
50
0
2008-09
2009-10
2008-09
Return on Assets
{Zdb AZOH$
2010-11
AZwnmV
1.04
1.9
0.88
0.71
1.8
(%)
(%)
2009-10
2010-11
1.1
1.0
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
446.03
500
450
400
55600
65000
60000
55000
( ` 000)
473.77
63600
70000
1.79
1.72
1.7
1.63
1.6
1.5
2008-09
2009-10
2010-11
1.4
AmaAmoE
2008-09
RoA
10
2009-10
2010-11
Highlights
\^{ @u <[h
FOR THE YEAR
TqZ\O{S T}qO]O Xu
2009-10
2010-11
% change
85,962
97,219
13.10
76,796
88,954
15.83
9,166
8,265
(-) 9.83
144.37
130.16
(-) 9.84
0.88
0.71
(-) 19.32
14.04
12.84
(-) 8.55
446.03
384.63
(-) 13.77
@s[ YY (` @Zpu>)
Total Expenditure (` crores)
(%)
Return on Average Assets (%)
(%)
Return on Equity (%)
\^{ @ _Xp<O TZ
AT THE END OF
XpE{
XpE{
TqZ\O{S T}<O]O Xu
March
2010
March
2011
% change
65,949
64,986
(-) 1.46
8,04,116
9,33,933
16.14
6,31,914
7,56,719
19.75
12496
13542
8.37
142
156
9.85
12.00
10.69
(-) 10.92
13.39
11.98
(-) 10.53
1.72
1.63
(-) 5.23
GXpZp<]Ypy (` @Zpu>)
Deposits (` crores)
d<B}X (` @Zpu>)
Advances (` crores)
(-I)
(Basel-I)
(-II)
(Basel-II)
11
2010-11
2010-11
,
- ,
,
,
2010-11
8.5
- ,
(), ,
,
,
, 2010 ` 24,799
34.04% ` 33,240
12
From the
Chairmans Desk
Dear Shareholders,
,
,
0.4% 2%
, 59%
70%
2009-10 ` 9,166
9.84% ` 8,265
(2007-10)
` 7,927
9% II 2011
11.98% ( I : 7.77%) 2010 13.39%
21.62% 2010 ` 2,959
` 3,598
() 2011 66 3.32% 2010
2.66% (3.27%) (14.65%)
20.32% 2011 --
18.45% 2010 9.11%
22.14% ,
37.41% ` 32,526 2010 13.41%
2011 20% -
5.72%
` 1,196
- 15.97%
14
However, your Bank had to make substantially higher provisions during the
year, on account of higher regulatory requirements in respect of special home
loans as well as for higher provision coverage ratio on loans, in excess of
prudential requirements. In regard to special home loans, which carry lower
interest in the initial years, RBI required banks to provide higher provision of
2% (as against the usual rate of 0.4%), as these loans are considered riskier.
Your Bank has adhered to very conservative underwriting policies in respect of
such loans, which are all Standard. As such, the additional provision would,
therefore, be written back in the Bank's books, when these loans revert to the
usual card rates of interest. Similarly, the additional provision for enhancing
the provision coverage ratio (so as to reach a coverage of 70%, as against the
specific asset-wise coverage of around 59% for SBI) is also in the nature of
additional comfort in the balance sheet and is expected to be written back when
the underlying exposures are resolved.
Your Bank has also been required to make substantial provisions towards
additional liability for enhanced superannuation benefits, arising out of wage
revision and increase in the ceiling of gratuity. These, along with higher tax
provisions, have led to a decrease of 9.84% in net profit, at ` 8,265 crores,
compared to ` 9,166 crores in 2009-10.
Provision for an amount of ` 7,927 crores was also made by directly charging to
reserves, on account of the additional pension cost in respect of earlier years
(2007-10), due to wage revision. I am happy to share with you that despite this
drawdown from reserves, your Bank's capital adequacy remains well above the
9% norm stipulated by RBI. As per Basel II, the capital adequacy ratio of the
Bank was 11.98% (Tier I : 7.77%) at the end of March11 (against 13.39% at the
end of March10).
Net profit of Associate Banks increased by 21.62% to reach a level of
` 3,598 crores in FY11 from ` 2,959 crores in FY10.
In an increasingly competitive scenario, your Banks focus on efficiency has
paid off. Net Interest Margin (NIM) rose by 66 bps to 3.32% in FY11 from
2.66% in FY10, due to faster increase in interest income (14.65%) than interest
expenses (3.27%). Driven by loan growth of 20.32%, interest income on
advances has increased by 18.45% yoy in FY11 against a growth of 9.11% in
FY10. Growth in interest expenses was contained mainly due to CASA
deposits growth of 22.14%. Consequently, net interest income increased by
37.41% to ` 32,526 crores against 13.41% rise recorded in FY10. Fee income
also recorded a handsome rise of 20% in FY11. Non interest income rose by
5.72% despite profit on sale of investments declining by ` 1,196 crores in a
rising interest rate scenario. Excluding profit on sale of investments, non
interest income is up by 15.97%.
15
, , , , ,
, , , - ,
()
,
, , , ,
,
, ()
/
(31.03.2010 29.88% ) 18.90
( 2011 1.78
) 31.03.2011 ` 14,500
,
- 1.14
31 2011 2000 6,599
5261
()
24
() ` '
31.03.2011 9.50
31 2010 142 31 2011 156 32
( ) 2010 27.78
15% 2011 31.87 2011
13% 21,561 24,371
18
Reaffirming its commitment to the customer, your Bank has taken several new
initiatives to expand the bouquet of choices for its customers. A host of Mobile
Banking services such as Fund Transfers, Enquiry Services, Demat Account
Enquiry, Cheque book request, Bill payment, Mobile top up, DTH recharge, SBI
Life Premium Payment, E-tag recharge to pay toll tax, Merchant payments and
Inter Bank Mobile Payment Services (IMPS) are currently being offered. SMS
Banking was introduced during the last quarter of the year. The Mobile Banking
user base has crossed one million by the end of the year.
Two new lines of business viz. Custodial Services and General Insurance
have been successfully set up and are in the process of stabilization. Seven
niche areas viz. Mobile Banking, Merchant Acquisition Business, SME
Current account and Supply Chain Finance, Savings Bank, Cash Management
Product, NRI remittances and Government business have been identified
for strategising aggressive business plans, improving processes and matching
organizational structures.
Your Bank has leveraged technology to expand financial inclusion with minimal
costs and offers SBI Tiny Card, Kiosk Banking operated at internet enabled PC
(Kiosk) with bio-metric validation at select centres, appointing Business
Correspondents / Business Facilitators, etc. The Bank is the market leader (market
share around 29.88% as on 31.03.2010) in SHG-Bank Credit Linkage programme
having credit linked so far 18.90 lac SHGs (1.78 lac SHGs credit linked during
FY'11) and disbursed loans to the extent of ` 14,500 crores (cumulative) up to
31.03.2011. Several unique products like SHG Credit Card, SHG Sahayog Niwas
and SHG Gold Card have been rolled out. Coverage of Micro Insurance product Grameen Shakti has been extended and so far 1.14 million lives have been covered.
To expand its outreach, your Bank has covered 6,599 allocated unbanked villages
with population more than 2000 as at 31st March 2011 as against the target of
5,261 villages for the year. Your Bank is a major player in Electronic Benefit
Transfer (EBT) project of Government benefit payments, with participation in six
States and about 24 lac beneficiaries have been serviced through the BC channel.
I am happy to place on record that SBI is the first Bank to sign MoU with
UIDAI to become a Registrar. The enrolment data will be used for opening
UID enabled accounts. After State Governments, SBI is the top enroller with
more than 9.50 lac enrollments done up to 31.03.2011.
Your Bank has been steadily expanding its global footprints. The number of foreign
offices increased from 142 as on 31st March 2010 to 156 as on 31st March 2011
spread across 32 countries. The asset level of foreign branches (excluding
subsidiaries) rose by 15%, from USD 27.78 billion in March 2010 to
USD 31.87 billion in March 2011. During FY11, net customer credit grew by
13% from USD 21,561 million to USD 24,371 million, customer deposits grew by
19
15% 9,568
11,030 50% 330
31 2008 2
31 2006
, ,
,
19,347 / 25,005
25,000
, - ,
52 -
1861 - 258
-
-
-
1 2010
-
,
/
` 12,000 2011 ` 366
-- 2010
18% 19.22%
2010-11 . 2011
` 374.72 2010 ` 137.12
172% -- 81%
20
15%, from USD 9,568 million to USD 11,030 million and net profit rose by 50%,
to USD 330 million.
In accordance with RBI guidelines, the Bank has migrated to the Basel II
framework, with the Standardised Approach for Credit Risk and Basic Indicator
approach for Operational Risk w.e.f. March 31, 2008, having already
implemented the Standardised Duration Method for Market Risk
w.e.f. March 31, 2006.
In the realm of Information Technology, your Bank has implemented a secure,
robust scalable WAN architecture network built with equipments owned by
SBI, connecting 19,347 Branches/Offices and 25,005 ATMs of State Bank Group
through leased lines, VSATs and CDMA technology. The State Bank Group
crossed an important milestone of rolling out 25,000th ATM during the year.
CBS roll out across the domestic branches is supported with a state-of-the-art
centralized infrastructural setup, providing uninterrupted continuity of the
Banks operations. It facilitates the scalability for future growth, interfacing
with multiple alternate channels, reduction in transaction costs, improved
operating efficiency. Milestones of 52 million peak transactions in a day, 1,861
transactions per second and managing 258 million accounts have been
achieved in recent months. Operatives have been provided with tools for
on-line real time transaction verification. E-Trade internet based front end
application have been rolled out for corporate customers for processing various
trade finance transactions.
Your Bank has been supporting sustainable growth through its Green Banking
initiatives. Your Bank launched its Green Channel Counter on the 1st July 2010,
at select branches across the country, for reduction in paper usage as well as
saving of transaction time. Windmills have been successfully commissioned in
Maharashtra, Tamil Nadu and Gujarat and power thus generated is being wheeled
to our branches/offices. Other energy efficient measures include installation of
Solar ATMs. To encourage customers to reduce emission of Green House Gases
your Bank has been extending project loans on concessionary interest rates,
encouraging them to adopt efficient manufacturing practices through acquisition
of latest technology. A pilot project to map its Carbon footprint levels has been
launched by your Bank which will help in sustainable usage of energy in a cost
effective way.
Your Banks Associates and Subsidiaries continued to show robust growth. During
the year, gross premium of SBI Life crossed the ` 12,000 crores mark and the
company recorded a profit of ` 366 crores in FY11, clocking an impressive yoy
growth of 33% and raising its market share to 19.22% from 18% in FY10. SBI
Life received the NDTV Profit Business Leadership 2010-11 award for
organisational excellence. SBI Capital Markets Ltd. posted a PAT of
` 374.72 crores during FY11 against ` 137.12 crores in FY10, a yoy growth of
21
85% --
,
,
2011 ` 7.10
2010
31 2011 ` 3,764 ()
: 44% 64%
-
2006 2010
2010, 2010, 2009
- - ,
31 2011
` 30 (300%)
,
,
( )
22
172%, driven by an increase of 81% in fee income, and 85% yoy growth in revenue
for infrastructure Group. I am happy to announce that SBI Caps was ranked
No. 1 Mandated Lead Arranger for Global PF Loan for the second successive year
by Thomson Reuters, Mandated Lead Arranger Global PF Loans for second
consecutive year by Dealogic, Bank of the Year award for Asia Pacific for third
consecutive year by Thomson Reuters and Loan House of the Year Award for the
second consecutive year by IFR Asia.
After recording continuous losses for preceding three years, SBI Cards has scripted
an impressive turnaround and posted a net profit of ` 7.10 crores in FY11. The
company remained the most trusted credit card brand by being the undisputed
Gold Award winner in the Readers Digest Trusted Brands Survey 2010. SBI
Pension Fund recorded AUM of ` 3,764 crores as on 31st March 2011 and
remained the leader in both Government and unorganised sector in respect of
AUM with a share of 44% and 64% respectively.
Your Bank has received several awards. To name a few, SBI Home Loan has
maintained its position as Indias Most Preferred Home Loan brand in
CNBC-Awaaz consumer awards continuously for five years since 2006. In the
Mobile Banking space, in June 2010 your Bank received the Prestigious IDRBT
award for Best use of technology for mobile banking and payment application.
Other awards include The Banker - Innovation in Banking Technology
Award 2010 for GREEN ATM installation, the NASSCOM CNBC IT User
Award 2010, VISA 2009 Global Service Award under which the Banks ATM
cum debit card was declared to have the lowest transaction response time,
and IBA Technology Award: Best Customer Initiative and Best Online Banking.
I am happy to announce that the Board of Directors of your Bank has declared a
dividend @ ` 30 per share (300%) for the year ended 31st March 2011 also.
Going forward, the Indian economy is seen as one of the engines powering growth
and reshaping the global landscape. Your Bank will remain alert to the new
opportunities for financing this growth both in India and abroad, while at the
same time continuing to consolidate and build on its core competencies.
(PRATIP CHAUDHURI)
23
` 47.46
2010 29.0
2011 29.4
26.4
305.5
2007-09
2009
6.8% 2010 8.0%
2011 8.5%
2011 6.6%
2010 0.4%
,
2010
2010
8.9% 2010 8.2%
2010
9.4% , 2011 , --
9.02% 2010
10.36%
2010-11
7.8%
10.5%
,
2010 16.6%
2010 2.6% -
12 10% ,
5% 7%
(20.9%), (8.8%) (9.3%)
2011
2010
8.8% 2011 8.3%
2010
9.7%
2011 9.2%
`, '
2011
7.0% 2010 11.8% ,
`, , ' `, ,
' 2011
: 10.3% ( 2010 9.7%) 9.9% (
2010 9.2%)
20 2010 17 2011
175
5.0% 6.75%, 225
3.50% 5.75%
25
5.75%
6.0% 2010
, - ` 48,000
, 200
25% 23% 2010 100
24%
2011 37.6%
21.6%
104.8
2010 109.6
-
2011
` 45.57 2009-10
21.5%
15.9%
24
Directors Report
Management Discussion And Analysis
25
37.41%
2010-11 ` 32,526.41
2009-10 ` 23,671.44
` 70,993.92 ` 81,394.36
14.65% :
2010-11 ` 56,960.97 ,
2009-10 ` 47,633.47
2009-10 9.66% 2010-11
9.56%
0.53%
2010 5%
,
,
3.67%
,
,
2009-10 6.52% , 2010-11 7.02%
2009-10
` 47,322.48 , 2010-11
` 48,867.96
2010-11 0.21%
,
9.99%
2009-10 5.80% 2010-11
5.26%
2010-1 ` 25,335.57
2009-10 ` 18,320.91
38.29
2010-11 ` 8,264.52
2009-10 ` 9,166.05
9.84
-
2010-11 - ` 15,824.59 ,
2009-10 ` 14,968.15
5.72%
37.41
5.72
13.27
, /
` 827.73 ( ` 573.48 )
` 30/- (300%)
13.53%
26
Financial Performance
Profit
The Operating Profit of the Bank for 2010-11 stood at
` 25,335.57 crores as compared to ` 18,320.91 crores
in 2009-10 registering an excellent growth of 38.29%.
The Bank has posted a Net Profit of ` 8,264.52 crores for
2010-11 as compared to ` 9,166.05 crores in 2009-10
registering a decline of 9.84%.
Non-Interest Income
Non-interest income stood at ` 15,824.59 crores in
2010-11 as against ` 14,968.15 crores in 2009-10
registering a growth of 5.72%.
During the year, the Bank received an income of
` 827.73 crores (` 573.48 crores in the previous year)
by way of dividends from Associate Banks/
subsidiaries and joint ventures in India and abroad.
Operating Expenses
Dividend
27
2010-11 ` 14,480.17
2009-10 ` 12,754.65
` 2,473.00
` 1,565.00
: ` 1,997.64 ` 46.41
` 7,927.41
` '
12.84
,
, , ,
mg, , , ,
,
976.82
` 5,709.54 ( 2009-10
` 1,407.75
` 6,166.63 )
8,792.09 ( )
( 2009-10 ` 5,147.85 )
` 976.60 ( 2009-10
` 80.06 )
( )
` 3,336.08
, 13.27
2010-11
:
mg ` 646.75
( 2009-10 mg
` 968.59 )
'
` 7,927.41
:
2010-11
2009-10
(%)
(%)
(%)
( )
(`)
(`)
(%) (-I)
-I
-II
(%) (-II)
-I
-II
(%)
28
2010-11
2009-10
0.71
12.84
0.88
14.04
0.70
12.92
0.88
14.24
47.60
130.16
130.16
10.69
6.93
3.76
11.98
7.77
4.21
1.63
52.59
144.37
144.37
12.00
8.46
3.54
13.39
9.45
3.94
1.72
58.32
168.28
168.28
11.02
7.20
3.82
12.26
8.02
4.24
1.56
63.10
184.82
184.82
11.89
8.08
3.81
13.49
9.28
4.21
1.57
` 8,792.09 crores (net of write-back) for nonperforming assets (as against ` 5,147.85 crores
in 2009-10).
SBI
2010-11
2009-10
SBI Group
2010-11
2009-10
0.71
12.84
0.88
14.04
0.70
12.92
0.88
14.24
47.60
130.16
130.16
10.69
6.93
3.76
11.98
7.77
4.21
1.63
52.59
144.37
144.37
12.00
8.46
3.54
13.39
9.45
3.94
1.72
58.32
168.28
168.28
11.02
7.20
3.82
12.26
8.02
4.24
1.56
63.10
184.82
184.82
11.89
8.08
3.81
13.49
9.28
4.21
1.57
29
16.17
2011 ` 12,23,736.20 ,
2010 ` 10,53,413.73
, 19.75
` 6,31,914.15 ` 7,56,719.45
2011 0.06
2011 ` 2,95,600.57
` 2,95,785.20
201
16.40
,
, , ,
, ,
,
/ ` 18,799
/
` 1,422
.
:
( ) 17.35
31 201 ` 11,58,750.16
, 31 2010 ` 9,87,464.53
31 2011
31 2010 16.14
31
2011 ` 9,33,932.81
31 2010 ` 8,04,116.23
2011 16.40
.1 () , ,
, ,
` 1,08,744
(-)
31
16
: () --
( ` )
31.03.2010
88,144
31.03.2011
1,08,774
(%)
23
6,76,286
7,94,844
18
1,659
1,816
10
7,337
9,808
34
156
168
4.04
5.41
34
0.18
0.08
-56
30
Assets
Liabilities
B.
Performance Highlights
Core Operations
A
Cross Selling
Asset Quality
(` in Crs)
Particulars
Advances
88,144
1,08,774
23
6,76,286
7,94,844
18
Fee Income
1,659
1,816
10
Operating Profit
7,337
9,808
34
Business per
Employee
156
168
Avg. Interest
Spread
4.04
5.41
34
NPA/Total
Advances (%)
0.18
0.08
-56
FOREX Turnover
31
As on
As on Growth
31.03.2010 31.03.2011
%
- ( )
57
` 271
` 359
` 285
` 359
.2
` 295 ` 458
(55 )
- , ,
, , , -
-
2011
( )
, ,
(/)
2009-10
, 2010-11
,
` 3,33,054 (` 3,00,016 )*
` 2,36,607 (` 1,84,728 )*
-
` 59,209 (` 41,048 )*
` 73,082 (` 69,901 )*
(1)
683 1020 /
/
/
* (
)
.3 ()
2010-11 ()
:
(2)
-
()
(` )
(3)
- ( )
,
32
()
919
141
1,787
(1+2+3)
2,847
218
Table
919
141
Write Offs
1,787
2,847
218
(` in Crs)
33
106
` 1
.4 ()
() 2009
, , ,
, -
64 (
2009-10 56 )
()
/
, ,
/ /
/ 14
2010 1122 , 31.03.2011
1187 2010-11 2,610
--
130%
54
-,
2010-11
3,420
. ()
()
60.306
77%
(-) ` 1,62,031
(-- 21.15% )
)
41%
31.03.2011 7,195 .. ( ` 1,467 )
2010-11
Initiatives taken
Gold Banking
Highlights
35
. ()
149
31.03.2011 50.25%
31 2010 48.76%
14
,
,
() 31 2011
57.96%
31.89%
( )
3,800
1
470
, 2010-11 576
2011 13,542
25,005
1,061
: -
(` )
(-
)
(
-
)
31.03.2010
31.03.2011
--
(%)
4,24,228
1,75,043
()
, 13,35,000
, ,
, , , ,
14
.1 ()
( + )
(` )
31.03.2010 31.03.2011
(%)
4,24,734
5,05,019 18.90%
1,34,849
1,64,576 22.04%
2,07,113
2,53,758 22.52%
46,07,000 13,35,000
() 32,72,000
31 2011
60.64% 24.78%
` '
2010
31 2011 196
36
(` in Crs)
As on
31.03.2010 31.03.2011
Level
YoY Growth
Level Absolute
(%)
Deposits
(excl.
Inter-bank)
4,24,228
4,90,728
66,500 15.68
Advances
(excl. Food
& Inter-Bank)
1,75,043
2,07,588
32,545 18.59
(` in Crs)
31.03.2010
31.03.2011
Growth
(%)
Deposits
4,24,734
5,05,019
18.90%
Advances
1,34,849
1,64,576
22.04%
CASA
2,07,113
2,53,758
22.52%
37
10,980
25%
`
2006
- ``
''
2010
`` ''
2010 ``
''
31 2011
` 15,576 (21.88%)
,
//
109
` 10.00 ` 15.00
48 60
` 3.00 ` 10.00
` '
2010
,
35
,
,
`` ''
2011 `
'
31 2011
18.20% 31 2010
16.80%
, ,
117
` '
-- 2011
23.26% 31 2011
38
Home Loans
Education Loans
With an increase in the number of students opting
for higher studies in India and abroad, SBI Education
Loan has grown at 23.26% YoY as on March 2011.
39
,
`
'
, , , , ,
-
i.
()
, ,
,
ii.
2. ()
2010-11
-- 25.95%
15.56%
31.03.2011
5.80% 5.30%
(` )
()
iii.
31.03.2010 31.03.2011
(*) ` 3,456
, , ,
40
579
Delivery Systems
i. Loan Origination Software (LOS)
Loan Origination Software (LOS) has been
introduced for Personal Segment loans. This is a
web enabled online software for processing and
sanctioning of Auto Loan, Home Loan, Education
Loan and Personal Loan proposals and helps in
risk mitigation through de-dupe functionality,
which would avoid duplication as it is capable
of identifying similar customers details in the LOS
database of existing customers, automatic CIBIL
checking, and such other features.
Particulars
Advances
As on
As on
31.03.2010 31.03.2011
Growth
%
41
-
2010-11
` 2,184
50,911
` '
(-)
(-) , , , ,
-
-
` 23,957 ` 91,277
` 10
, 2010
-, 2010
31.07.2010
31.03.2011
: 29,066
` 363.39
` '
8000
` 20,000 ` 5.00
,
.3 ()
()/
. ()
42
477
, 56%
43
6
24
23 , , ,
, , , , , , ,
, , , , , ,
, , , , ,
,
-
26 22
()
15.09.2010
` ' ,
01.03.2011
-
`
'
9 2011
. ()
-
` 3,06,366
` 1,65,230
31.03.2011
: 37 25
06.02.2010
, /
-
()
14.08.2010
(` )
, 77
,
7
23.05.2010
12 / 2011
31.03.2010 31.03.2011
%
2,60,721
3,06,366 17.51%
1,48,201
1,65,230 11.49%
* ( 2010
)
/
3 2010 -
24.53% 23.58%
44
E.
(` in Crs)
Particulars
As on
As on Growth
31.03.2010* 31.03.2011
%
Deposits
2,60,721
3,06,366 17.51%
Advances
1,48,201
1,65,230 11.49%
45
(
60.41 ) 5.32
( 10-11
1.78 )
31.03.2011 ` 14,500
-
35,000 ()
( - - 20,700
- 14,000) /
- ,
, , .
, 31.03.2011
9.50
()
2010-11 65
()
, ( )-
()
1,527
/
,
31 2011 188
` 946
-
1.14
31 2011 2000
6,599
5,261
()
6 24
-
, ,
:
,
2010-11 281 112 -
-
: 5,138 3,909
67
-
-
/
/ / /
/ /
9 ( 50 )
, ,
- (31.03.2010
29.88 )
18.90
46
47
1 :
-- -
/
31.03.2011 28,000
1,54,000
(` )
26 3120
3,373
2.34
()
14,981
19,724
32%
84,151
94,826
13%
78,250
94,826
21%
-
, -
/
31.03.2010 31.03.2011
)
(
)
)
--
13% , (
) 21% , 01.04.2010
, 2008
` 3,064
` ' ` 1,000
7 14
876
1.85
` '
2011 ` 34,179 ( ` 33,500 )
` 41,208 (
` 40,000 103 )
8.40 10.85
/ 2,300
` 25 ` 3
` 25
(` 3
)
,
/
48
(` in Crs)
Particulars
Agri Institutional
Deposits
As on
31.03.2010
As on Growth
31.03.2011
%
14,981
19,724
32%
Agri Priority
Advances
a) with RIDF
(Rural
Infrastructure
Development
Fund)
84,151
94,826
13%
b) without RIDF
78,250
94,826
21%
SBI Tatkal
49
2011 :
, ,
/ /
( )
218
297
57,912
.2 ()
()
,
2011
18 18
, 10
8
( 2010 61.08 2011
61.83 )
- ()
-
:,
-
,
31.03.2011 93
, 2,798 ,
72,011 19,115
-
,
()
/
()
,
11
50
Villages adopted
(SBI ka Apna Gaon)
218
297
57,912
Achievement
New Products:
During the current year, the Bank has introduced
2 new products "Pushpa Ullas" and "Arthias Plus"
on pilot basis.
51
,
31.03.2011
11
31.03.2011 ` 59,213
() 10.42
10
., , ,
-
15
7.50
`-9'
,
,
( )
3.46
-
.
15
,
()
:
()
(` )
-2009
121 9.91
5,091
-2010
121 8.29
9,434
-2011
121 8.41
10,536
() /
132
31.03.2011 3,133
.
,
,
,
15
31.03.2011
15.86
52
Amount
` in
(`
crores)
March 2009
121
9.91 lac
5,091
March 2010
121
8.29 lac
9,434
March 2011
121
8.41 lac
10,536
F.
CROSS SELLING
No. of districts
identified by
GoI (MCDs)
Period
as on
G. CORPORATE
BUSINESS
STRATEGY
AND
NEW
53
, ,
, ,
, -
()
` , '
` '
10
, ,
57,000
( )
( )
( )
44 55 200
11-12 -
-
2800
31 2011
2,94,146 ,
70
3--1
()
`
' (
18 2010 )
-.
`` *595#''
-
( 5 2010
)
/
-
31
2011
- - - : 44.08
252.00
31 2011
13.84
2011 12.17
( 2010
) ,
1
2010 ` '
` '
54
Payment Solutions
The Green Channel Counter
The Bank launched its Green Channel Counter
on the 1st July 2010, at select branches across
the country. This is an innovative step taken by
the Bank towards changing the traditional paper
based banking to the card based Green Banking
focusing on reduction in paper usage as well as
saving of transaction time. The Bank is
Debit Cards
State Bank Group in its efforts to reduce cash
usage in the payments space launched two new
variants of Debit Cards, viz State Bank Classic
55
31 2011 90
40 ,
2011 1.53 2010
0.89
2011 ` 24.19
2010 ` 14.92
` 503.10 - ` 542.10 )
2010-11
( ) ` 43.02
, , ,
2010
,
2010
,
-
2010-11
, :
74.24 , ` 550.60
` 103.94
2011
,
(-
. .)
2010 ,
- 56
60
,
17
,
( )
150
74 (` 111 )
.
26 ( ` 39 +
2008
,
,
56
Prepaid Cards
Banks range of Prepaid Cards viz. SBI Vishwa
Yatra Foreign Travel Card (VYFTC), eZ-Pay Card
and Gift Cards cater to the various payment
needs provide safety and convenience to overseas
travellers. eZ-Pay Card caters to all kinds of
domestic payment needs and is proving to be
the preferred mode for disbursement of social
benefits by various State Governments. The Bank
has also introduced the online purchase facility
for Gift cards for greater convenience to
customers. The sale of SBI Vishwa Yatra Foreign
Travel Cards (VYFTC), eZ-Pay Cards and Gift
Cards was USD 74.24 million, ` 550.60 crores
and ` 103.94 crores respectively during the
FY 2010-11.
General Insurance
57
-
2010
, 2010
2010
1.5
3.5
()
-- ,
- ,
,
,
.
., ,
-1,
-2 -3
, ,
2011 - -
-
2011 ` 1.37
( ` 7.43 )
2009-10 ` 4.29
,
-
1.19
.
.1
( ) ,
2010 27.78 , 16
2011 32.04
2011 21,561
13 24,525
, 8,775
20 10,490
38 326
(), , 100
(
1.5 )
58
59
20
40
31 2010 142
31 2011 156
32
, , ,
` () '
,
,
45 , 8 ,
93 10
-2
2010 , 5
144/-
1 ( ` 4,460 )
5
750 ( ` 4,754 )
2011 100
( ` 446 )
2011 ,
5 325
( ` 1,582 )
2011
( )
18,548
11
3,683
479
116
31 2011 ,
893
( ` 3,982 )
()
2010-11 ,
15.92 1,32,540
1,28,485
, ,
4.26
40,58,830 -
,
` 1,760 2011
` 51,777
` 162
31 2011 `1380
- 24
2010 ` 37,319
2011 ` 46,396
- 24
-
491
121
60
Overseas Expansion
The number of foreign offices increased from
142 as on 31 st March 2010 to 156 as on
31st March 2011 spread across 32 countries.
The offices comprised 45 branches,
8 Representative Offices, 93 offices of the six
foreign banking subsidiaries and 10 other offices.
Resource Management
Despite volatile global market conditions, the
Banks foreign offices maintained comfortable
liquidity position. In July 2010, the Bank raised
a sum of USD 1 bn (` 4,460 crores approx)
under a Standalone Rule 144A / Reg-S issue as
senior debt of 5 years. This was followed by a
bond issue in Euro wherein Bank raised EUR
750 mn (` 4,754 crores approx.) for 5 years,
under the Banks MTN Programme. In January
2011, USD 100 mn (` 446 crores approx) was
raised by way of private placement. During
FY'11, the Bank also made a debut issue in
Swiss bond market and raised CHF 325 mn
(` 1,582 crores approx.) for 5 years, under
MTN programme.
H-2.Domestic Operations
Merchant Banking
The Bank retained the leadership as Mandated
Lead Arranger and Book Runner for syndicated
loans in Asia Pacific (excluding Japan but including
Australia) for the year ended March 2011.
During the year, eleven high value deals
aggregating USD 18,548 mn with our take and
hold of USD 3,683 mn were syndicated
successfully. A large number of bilateral deals
aggregating USD 479 mn were also concluded.
A fee income of USD 116 mn was earned from
syndications and bilateral deals concluded
during the year.
NRI Business
NRI Deposits grew by ` 1,760 crores during the
year and reached a level of ` 51,777 crores in
March 2011. Advances to NRIs recorded a growth
of ` 162 crores with outstandings of ` 1,380 crores
as on 31st March 2011.
Correspondent Relations
61
2261
()
-
, ,
-
-
.
.1 4,724 18,266
, , ,
, , , ,
,
.
31.03.2011
:
:
(` )
25,326
2
3
.2
2011 5.88
6.00
3.28%
12,347
:
(` )
31.03.2010 31.03.2011
(%)
3,18,580 3,68,283 15.60
2,72,790 3,11,645 14.24
2,04,573 2,40,423 17.52
5,841.90 7,568.68 29.56
2,958.80 3,598.43 21.62
74.15%
77.29%
4.23
13.66
13.25 -0.41
1.63%
3,848
4 4,499
5
4,007
6
(3+4+5)
12,354
18,145
966
() 2010-11
49
` 1,378.93 10
49 ` 2,250.24
25
()
m
62
J.
ASSET QUALITY
NPA MANAGEMENT
The position of NPA reduction as on 31.03.2011
is given hereunder:
Table : Asset Quality
1
Gross NPAs
25,326
3.28%
Net NPAs
12,347
1.63%
3,848
Up gradation to Standard
Assets
4,499
Write offs
4,007
(` in Crs)
12,354
18,145
Total Assets
3,18,580
3,68,283
15.60
Agg. Deposits
2,72,790
3,11,645
14.24
Total Advances
2,04,573
2,40,423
17.52
Operating Profit
5,841.90
7,568.68
29.56
Net Profit
2,958.80
3,598.43
21.62
74.15%
77.29%
4.23
13.66
13.25
-0.41
Gross NPA
3,504.68
5,066.50
44.56
Net NPA
1,692.96
2,443.69
44.34
18.97%
19.08%
0.11
Credit Deposit
Ratio
966
Capital Adequacy
Ratio
Return on Equity
63
As on Change
31.03.2011
(%)
.3
2010-11
()
2011 ,
: ` 453.27
` 271.43 : ` 5.25
` 4.21
2011
.4 ( )
,
, ,
,
40
.4.1 . ()
,
100
, -, -
-
1.89
31.03.2011 ` 4.59
- 2010
`
'
2010
2010 -
2010
( )
2010 - 1
- 1
-
2011 13.3
.4.2 ()
,
100
2010-11 ` 0.59
.
. (),
,
. () .
: ` 3.47 ` 2.60
64
65
.4.3 () . ()
31 2011
` 56.94 2010
` 89.23
31.03.2010
2.71 , 31.03.2011 3.41
` 97,885
2010
` 78,911
(--
24 )
, .
` 2.16
` 0.20
, ,
,
.4.4 . . ()
.6 . (
. .(), 01
2008 , 201011 ` 8.31
` 4.43
2009-10 ` 3.78
` 1.94
,
60
.5 (
2011
23 ` 1,795
2011 ` 7.10
31.03.2010 ` 152.4
, 2010
: 4.69 0.47
72.17
: 31 2011
(` )
(%)
75.00
53319
41744
1140.25
550.88
100.00
90178
65437
2319.47
1166.24
92.33
42779
34440
1173.75
500.62
100.00
67771
52331
1759.24
652.96
75.00
57598
46471
1175.97
727.73
5
311645
240423
7568.68
3598.43
66
Table : The Performance Highlights of the Associate Banks as on 31.03.2011 are as under:
(` in Crs)
Name of the Bank
SBI's share in
the capital (%)
Deposits
Advances
Operating
Profit
Net Profit
State Bank of
Bikaner & Jaipur
Hyderabad
75.00
100.00
53319
90178
41744
65437
1140.25
2319.47
550.88
1166.24
Mysore
Patiala
92.33
100.00
42779
67771
34440
52331
1173.75
1759.24
500.62
652.96
75.00
57598
46471
1175.97
727.73
311645
240423
7568.68
3598.43
Travancore
All 5 Banks
67
2010
.7 (
74
-
,
-- 28
`12,000
31.03.2011
31.30
19.22
( )
31 2011 6.02
31.03.2011 ` 366.30
31.03.2010 ` 276.46
AAA/
9001 : 2000
.
,
, `` ''
6
31.03.2011 ` 78.85
-- 4%
`` '' ` 41,672
2010 ` 37,417
6
11 --
()
2010-11
/ :
2010-11
2010-11
2010-11
(.)
.9
135
629
iAAA
()
2010-11
.8
(90 )
, 31
2011 ,
` 7,605
31 2010
` 12,978
31.03.2011
` 125.62
31.03.2010 ` 6.58
.10 .. ()
( )
68
69
,
, 2008
31 2011
`` ' ' ` 3,764.11
(-- 65% ) 31 2011
44%,
39%
64% ` 0.32
: ,
19,347
/ 25,005
(WAN)
:
/
,
,
,
52
, 1,861
258
-
26 2010
` 583.20
780
28 11 2011
: 25,000
25,005
, ,
-
, /
, , -, /
( ), ,
,
( ),
( ,
, ),
//
70
K. INFORMATION TECHNOLOGY
Networking: The Bank has implemented a
secure, robust scalable WAN architecture
network built with equipments owned by SBI,
connecting 19,347 Branches/Offices and 25,005
ATMs of State Bank Group through leased lines,
VSATs and CDMA technology.
Core Banking: CBS roll out across the domestic
branches is supported with a state-of-the-art
centralized infrastructural setup and a robust
Information Technology
Human Resources
Official Language
KYC/AML/CFT Measures
71
,
( )
:
- /
, - , 26
( 26) ,
,
,
,
- ,
,
,
, , ,
:
()
,
:
24x7
: ,
, ,
, , ,
, ,
( )
( ) ,
:
,
( )
: ,
, ,
, , -,
,
, -
: 2
( ) , 23 131
-
(www.onlinesbi.com)
72
(www.onlinesbi.com).
73
2010 :
'Green IT @SBI '
2010 - `- '
` '
-
- `
'
2010 ( ) -
-
24x7
2009 - -
,
:
: ,
, ,
( )
- 2010
` - '
( )
( )
113
()
18 10
BaNCS
2010
2009 `
' ` '
2
.1
74
, ,
,
installation.
Platform.
Switch in India.
Department.
RRB Computerisation:
ASP model.
implementation:
L.
initiatives.
and
Mobile
Banking
and
Payment
Applications.
75
()
()
()
()
()
( )
()
,
.2 -II
( )
( ) ,
( ) ,
( ) ,
( )
() ()
(
)
( )
()
( )
, ,
/
76
- ,
31 2008
-II
,
31 2006
,
() ,
-II
,
,
, -II
,
,
,
OPERATIONAL RISK
MANAGEMENT COMMITTEE
CGM (RM)
MARKET RISK
MANAGEMENT COMMITTEE
decision-making process.
GROUP RISK
MANAGEMENT COMMITTEE
GM (CRMD)
GM (ERM)
DGM (MRMD)
DGM (ORMD)
Credit Risk
Management Team
Enterprise Risk
Management Team
Market Risk
Management Team
Operational Risk
Management Team
Group Risk
Management Team
Simultaneously, the Bank is updating and finetuning its Systems and Procedures, Information
Technology (IT) capabilities, Risk Assessment
and Risk Governance structure to meet the
requirements of the Advanced Approaches
under Basel II.
o v e r- a r c h i n g a i m o f c o n s e rv a t i o n a n d
optimum use of capital.
Financial Officer.
ALCO
functions.
77
,
, ,
, ,
,
,
- -
.3
, , ,
,
, , ,
(),
() ()
/
-
.6
,
, ,
-
30% ,
,
-
.4
,
, , ,
, , , 01
.5
78
in place.
Credit Risk components such as Probability of
Default (PD), Loss Given Default (LGD) and
Exposure at Default (EAD) are being computed.
79
, -
,
, ,
, ,
-
,
-
-
.7
, -
,
/
,
/
-
.8.1
()
-
,
-
-
-
.8.2 -
3
-1
( ) -
()
- -
() , -2 -3
-
( -)
- ()
.8
,
-
- -
- ,
,
-
80
prescriptions
and
international
best practices.
L.7 Asset Liability Management
81
01.04.2010
31.03.2011 , 7,871
(-I : 86, -II : 1421
III : 6,364) -
; / , ;
(/); (/),
(),
01.04.2010 31.03.2011
, 45 /
-
.8.3 -
.8.6 -
, -
, -
-
01.04.2010 31.03.2011 ,
323 ( -I : 138
-II : 185) -
- ` 5
(),
- ,
,
-
-
/ / 6
- 12
01.04.2010 31.03.2011
, ` 5,72,958
5733 456 ( ) ,
14 (
/ ) ` 8,43,864
6,875 () ( )
.8.4 -
, `` -''
,
- 01.04.2010
31.03.2011 , 46
1188 125 -
.8.5 -
-
,
-
-
.8.7 -
2006 , -
82
Audit
(on-site)
was
conducted
in
centre.
83
-
- - 2007
01.04.2010 31.03.2011
, 40
-
,
:
,
.8.8 -
01.04.2010 31.03.2011
, 40 /
- , 31
-, 4 ,
1 4
-
` '
-
.8.9 -
,
:
-
30-40%
60-70%
-
- , -
31.03.2011 ,
30.15%
75.21%
-
, 14
,
()
.1.
.9
-
84
:
' ' , ' ', ' ', ' '
L.9 Vigilance
The main objective of vigilance activity in the
Bank is not to reduce but enhance the level of
managerial efficiency and effectiveness in the
organization. Risk taking is integral part of the
85
,
,
2009
30 -
3
- '
' ,
'UNHAPPY '
48
.2.
, ;
,
1973
2009
( )
12
-
2010-11 ,
-
86
87
-
-
, , , ,
6 14
/ /
/
,
:
2008 8,338
17627
2010-11
` 3.49
, - /
/
,
-
-
, -
//
()
2010-11
)
` 2
1977
, , , ,
-
2547 ` 25.95
2010 ` 50
88
c)
Health
Education
Womens empowerment
Child development
Vocational guidance
Environment Protection
Natural Calamities
Calamities.
b)
89
,
100,000
, `
' ` 2
.3.
2010-11
6 ` 5.62
.4.
2
2010-11
` 3.97
/
-
,
, , - ,
, , , , - , ,
.5.
( )
,
- ,
90
development.
Project Work
Youth
Power
for
Dairy
Rural
Husbandry,
Bio-Diversity,
Development)
Systems etc.
91
,
,
-
3746
31.03.2011 2294
( ),
( ),
487
-2
. , 2005 (
2005)
, 2005
/ /
/
,
`` ''
http://www.statebankofindia.com
http://www.sbi.co.in
. ()
/ ,
01.08.2010
()
27.04.2010 /
- -
25,327
18628 31.03.2011
-
2.05
1.12 /
, , ( /
) ( /
92
CADRE MANAGEMENT
Recruitment
Industrial Relations
HRMS
93
,
, ,
2525
530 , 1754
241
5 2010
()
:-
31 2011
43,657 (19.58%)
15,812
(7.09%)
.
.
,
,
-
158
. .
,
, .
.
: 31.03.2011
79,728
35.77
1,02,701
46.07
40,504
18.16
2,22,933
100.00
14 /
//
/
. .
, . .
() 1995
- 1995
33 31.03.2011
94
to Scheduled Tribes.
Total
Officers
79,728
35.77
Clerical
1,02,701
46.07
40,504
18.16
2,22,933
100.00
Sub-staff
TOTAL
maintained satisfactorily.
The Bank has been conducting workshops
IMPLEMENTATION OF PERSONS
DISABILITIES (PWD) ACT 1995
WITH
up-to-date
knowledge/
latest
95
. .
. ()
-
/ /
( ), ( . . /
) ( , )
.
,
`'
2009-10
`'
. //
96
()/ () /
( )
candidates.
the Bank.
R. OFFICIAL LANGUAGE
The implementation of official language
languages.
Many special workshops were conducted for
newly recruited clerical staff and Probationary
S.
KYC/AML/CFT MEASURES
97
, 2002
-
,
()
()
()
/
/
,
/ / /
,
1 `
'
`
' ()
2 2010
10
(
) /
,
` ' /
()
,
,
.
,
,
.
:
98
Customer Acceptance
Customer Identification
Monitoring of Transactions
Training of personnel
Preservation of Records
Central Board.
Centre.
concept.
Act, 2002.
Ensure
swift
conclusion
of
staff
programmes/seminars/workshops, have a
KYC/AML session included in the programme.
SERVICE
members of public.
Fraud
Prevention
day
to
as under :
99
,
/
,
,
( )
-
( )
.
, - ,
-
31.03.2011
703 , 592
(339 + 253 )
111 (27 +
84 )
- -
, ,
,
,
,
2010 5.64% 2011 5.22%
,
12.34%
12.41%, 16.44%
17.98% 13.11%
16.11%
100
V.
101
31 2011
. ()
24 2011
. . ,
31.03.2011
:
i.
;
. . 4 2010
19 ()
18 2011
19 ()
10
2011 19 ()
ii.
, 31 2011
;
iii.
,1949
, 1955
;
, . . , . . ,
. , . . ,
. ()
. . ,
iv
, , ,
, ,
, ,
. . , ( 19
()) 31 2010
, 1955 20 (3)
, 19 ()
15 2010 .
. .
,
: 17 , 2011
102
RESPONSIBILITY STATEMENT
ii.
ACKNOWLEDGEMENT
During the year, Shri S.K. Bhattacharyya, Managing
Director, (under section 19(b)) ceased to be a director
on the Banks Board consequent to his
superannuation on 31 st October 2010. Further,
consequent to the amendment to Section 20(3A) of
SBI Act, 1955 restricting the term of office of
Directors nominated under section 19(d) by Govt.
of India to three years coming into force with effect
from 15th September 2010, Dr. Deva Nand Balodhi
and Prof. Md. Salahuddin Ansari ceased to be
directors from the Central Board as on that date.
Shri Ashok Chawla, Govt. Nominee, ceased to be a
director on the Banks Central Board consequent to
his superannuation on 31 st January 2011.
103
Pratip Chaudhuri
Chairman
:
:
, -
,
,
:
,
, , , ,
,
,
, 1955
/
,
,
49
49
1955 /
,
() 2010
(2010-11) , 1955
()
2010 15 2010
` 1,000 ` 5,000
55
51
19 ()
19 ()
19 ()
,
,
:
1955
1955 ()
1955
;
;
,
19 ()
19 ()
104
CORPORATE GOVERNANCE
provisions of Clause 49 are not in conformity with SBI
Act, 1955 and the directives issued by RBI/GOI. A
report on the implementation of these provisions of
Corporate Governance in the Bank is furnished below.
49
31 2011 , ,
31 2011
:
19 () ,
19 ( ) ,
19 () ,
19 () ,
19 ()
- I
, / /
II
III
2010-11 10
:
: 2010-11
: 10
: 14.05.2010, 05.06.2010, 16.06.2010, 12.08.2010, 17.09.2010, 08.11.2010,
19.12.2010, 22.01.2011, 16.03.2011, 31.03.2011
.., , ., ( ) . ,
:
/
/
..
5
4
14.05.2010, 05.06.2010, 12.08.2010, 17.09.2010
(31.10.2010 )
.
10
8
05.06.2010, 12.08.2010, 17.09.2010, 08.11.2010,
19.12.2010, 22.01.2011, 16.3.2011, 31.3.2011
.
10
8
14.05.2010, 05.06.2010, 16.06.2010, 12.08.2010,
17.09.2010, 22.01.2011, 16.3.2011, 31.3.2011
.
10
8
14.05.2010, 05.06.2010, 12.08.2010, 17.09.2010,
08.11.2010, 19.12.2010, 22.01.2011, 31.3.2011
.
5
5
14.05.2010, 05.06.2010, 16.06.2010,
(15.9.2010 )*
12.08.2010, 17.09.2010
.
5
5
14.05.2010, 05.06.2010, 16.06.2010,
(15.9.2010 )*
12.08.2010, 17.09.2010
. ()
8
8
14.05.2010, 05.06.2010, 16.06.2010, 12.08.2010,
(24.2.2011 )
17.09.2010, 08.11.2010, 19.12.2010, 22.01.2011
.
10
7
14.05.2010, 05.06.2010, 12.08.2010, 08.11.2010,
19.12.2010, 22.01.2011, 16.3.2011
8
4
16.06.2010, 08.11.2010, 19.12.2010,
(31.1.2011 )
22.01.2011,
10
8
14.5.2010, 05.06.2010, 17.09.2010, 08.11.2010,
19.12.2010, 22.1.2011, 16.3.2011,31.3.2011
. .
5
5
08.11.2010, 19.12.2010, 22.01.2011,
(4.11.2010 )
16.3.2011, 31.3.2011
2
1
16.3.2011
(18.2.2011 )
* 21.9.2010
106
: 10
: 14.05.2010, 05.06.2010, 16.06.2010, 12.08.2010, 17.09.2010, 08.11.2010,
19.12.2010, 22.01.2011, 16.03.2011, 31.03.2011
Shri O.P. Bhatt, Chairman, Shri R. Sridharan, Managing Director & GE (A&S) & Shri S. Venkatachalam,
Director attended all the ten Meetings. Dates of attendance of other Directors are as below :
Name of the Director
No. of
No. of
Dates
Meetings
Meetings
held after
attended
nomination/
election/
during
incumbency
Shri S. K. Bhattacharyya
5
4
14.05.2010, 05.06.2010, 12.08.2010, 17.09.2010
(upto 31.10.2010)
Dr. Ashok Jhunjhunwala
10
8
05.06.2010, 12.08.2010, 17.09.2010, 08.11.2010,
19.12.2010, 22.01.2011, 16.3.2011, 31.3.2011
Shri Dileep C. Choksi
10
8
14.05.2010, 05.06.2010, 16.06.2010, 12.08.2010,
17.09.2010, 22.01.2011, 16.3.2011, 31.3.2011
Shri D. Sundaram
10
8
14.05.2010, 05.06.2010, 12.08.2010, 17.09.2010,
08.11.2010, 19.12.2010, 22.01.2011, 31.3.2011
Dr. Deva Nand Balodhi
5
5
14.05.2010, 05.06.2010, 16.06.2010,
(upto 15.9.2010)*
12.08.2010, 17.09.2010
Prof. Md. Salahuddin Ansari
5
5
14.05.2010, 05.06.2010, 16.06.2010,
(upto 15.9.2010)*
12.08.2010, 17.09.2010
Dr. (Mrs.) Vasantha Bharucha
8
8
14.05.2010, 05.06.2010, 16.06.2010, 12.08.2010,
(upto 24.2.2011)
17.09.2010, 08.11.2010, 19.12.2010, 22.01.2011
Dr. Rajiv Kumar
10
7
14.05.2010, 05.06.2010, 12.08.2010, 08.11.2010,
19.12.2010, 22.01.2011, 16.3.2011
Shri Ashok Chawla
8
4
16.06.2010, 08.11.2010, 19.12.2010,
(upto 31.1.2011)
22.01.2011,
Smt. Shyamala Gopinath
10
8
14.5.2010, 05.06.2010, 17.09.2010, 08.11.2010,
19.12.2010, 22.1.2011, 16.3.2011,31.3.2011
Shri G.D. Nadaf
5
5
08.11.2010, 19.12.2010, 22.01.2011,
(w.e.f. 4.11.2010)
16.3.2011, 31.3.2011
Shri Shashi Kant Sharma
2
1
16.3.2011
(w.e.f. 18.2.2011)
* Communication received from Govt. of India on 21.9.2010.
107
()
1955 30
(46 47)
, ,
19 ()
( )
,
2010-11
-
:
, 1955
/ / -
- ,
, / ,
(` 1 )
, ,
- - , , /
, ,
,
-
:
/
-
: 2010-11
54
1.
. . ,
52
2.
. . ,
(31.10.2010 )
27
. ,
( )
51
4.
18
5.
29
6.
45
7.
24
8.
. (15.9.2010 )
19
9.
. (15.9.2010 )
15
3.
10. . () (24.2.2011 )
23
11. .
10
12. (31.1.2011 )
02
13.
12
14. . . (4.11.2010 )
13
15. (18.2.2011 )
() 27 1994
9 2009
49
/
()
,
/
-
-
() , ,
- /
108
52
2.
27
51
4.
18
5.
29
6.
Shri S. Venkatachalam
45
7.
Shri D. Sundaram
24
8.
19
15
23
10
02
12
13
3.
9.
109
( )
() / ,
/
:
` '
- - ( ` '
)
2010-11 :
,
49 - , (
) -, -
-
()
,
() , 1949 35
: 2010-11
: 11
: 16.04.2010, 13.05.2010, 29.06.2010, 10.08.2010, 21.08.2010, 16.09.2010,
03.11.2010, 30.12.2010, 13.01.2011, 21.01.2011, 8.3.2011
:
/
. .
6
6
(31.10.2010 )
.
11
10
11
10
11
10
11
(31.1.2011 )
10
10
(18.2.2011)
110
KYC-AML Guidelines;
Major areas of housekeeping;
Compliance of Clause 49 and other guidelines
issued by SEBI from time to time;
Status of implementation of Ghosh and Jilani
Committee recommendations.
Table : Dates of the Meetings of ACB held & Attendance of Directors during 2010-11
Meetings held
Dates of the Meetings
: 11
: 16.04.2010, 13.05.2010, 29.06.2010, 10.08.2010, 21.08.2010, 16.09.2010,
03.11.2010, 30.12.2010, 13.01.2011, 21.01.2011, 8.3.2011
No. of
No. of
Meetings
Meetings
held after
attended
nomination/
election/
during tenure
Dates
Shri S. K. Bhattacharyya
(upto 31.10.2010)
Shri R. Sridharan
11
10
11
10
Shri S. Venkatachalam
11
10
11
10
10
111
() 23
2004 ,
9 2009 6
2010-11
: 2010-11
. .
(31.10.2010 )
.
.
.
. ()
(24.2.2011 )
.
: 4
: 29.4.2010, 26.8.2010,28.10.2010, 24.2.2011
/
3
3
29.4.2010, 26.8.2010, 28.10.2010
4
4
3
4
4
4
2
4
/
49
, , /
/ ()
30 2001 19
2010
-
2010-11
: 2010-11 /
: 4
: 29.4.2010, 27.8.2010, 24.12.2010, 24.2.2011
/
. .
2
2
29.4.2010, 27.8.2010,
(31.10.2010 )
.
4
4
29.4.2010, 27.8.2010, 24.12.2010,
24.2.2011
.
2
2
29.4.2010, 27.8.2010
(15.9.2010 )
.
4
4
29.4.2010, 27.8.2010, 24.12.2010,
24.2.2011
.
2
2
29.4.2010, 27.8.2010
(15.9.2010 )
.
2
2
24.12.2010, 24.2.2011
(19.12.2010 )
.
(19.12.2010 )
2
1
24.12.2010
112
Table : Dates of the Meetings of RMCB held & Attendance of Directors during 2010-11
Meetings held
Dates of the Meetings
: 4
: 29.4.2010, 26.8.2010, 28.10.2010, 24.2.2011
No. of Meetings
held after
nomination/election/
during tenure
No. of
Meetings
attended
Shri S K Bhattacharyya
(upto 31.10.2010)
Shri R. Sridharan
28.10.2010, 24.2.2011
28.10.2010
Dates
: 4
: 29.4.2010, 27.8.2010, 24.12.2010, 24.2.2011
No. of Meetings
held after
nomination/election/
during tenure
No. of
Meetings
attended
Shri S. K. Bhattacharyya
(upto 31.10.2010)
29.4.2010, 27.8.2010,
Shri R. Sridharan
29.4.2010, 27.8.2010
Shri D. Sundaram
29.4.2010, 27.8.2010
Shri S. Venkatachalam
(w.e.f. 19.12.2010)
24.12.2010, 24.2.2011
24.12.2010
113
Dates
( )
331
,
-
:
:
, ()
(` 1 )
:
(` 1 )
() 29 2004
,
/
19
2010
2010-11
: 2010-11 (` 1 )
: 4
: 04.06.2010, 30.09.2010, 11.12.2010, 16.3.2011
/
. .
(31.10.2010 )
04.06.2010, 30.09.2010
04.06.2010, 30.09.2010,
11.12.2010, 16.3.2011
.
(15.9.2010 )
04.06.2010
.
(15.9.2010 )
30.9.2010, 11.12.2010
.
(19.12.2010 )
16.3.2011
26 2004
()
19 2010
2010-11
114
331
NIL
NIL
Table : Dates of the Meetings of SCBMF held & Attendance of Directors during 2010-11
Meetings held
: 4
No. of Meetings
held after
nomination/election/
during tenure
No. of
Meetings
attended
Shri S. K. Bhattacharyya
(upto 31.10.2010)
04.06.2010, 30.09.2010
Shri R. Sridharan
Shri S. Venkatachalam
04.06.2010, 30.09.2010,
11.12.2010, 16.3.2011
04.06.2010
Shri D. Sundaram
30.9.2010, 11.12.2010
16.3.2011
Dates
115
: 2010-11
. .
(31.10.2010 )
.
.
(15.9.2010 )
.
(15.9.2010 )
. ()
(24.2.2011 )
.
.
(19.12.2010 )
.
(19.12.2010 )
: 4
: 29.4.2010, 27.8.2010, 27.10.2010, 7.2.2011
/
3
4
3
4
2
4
2
4
29.4.2010, 27.8.2010,
29.4.2010, 27.8.2010, 27.10.2010,
7.2.2011
7.2.2011
-
26 2004 ()
(
)
,
9
2009
: 2010-11
: 5
: 16.4.2010, 26.8.2010, 23.10.2010, 23.12.2010 & 7.3.2011
/
. .
(upto 31.10.2010)
.
3
5
3
5
. ()
(24.2.2011 )
.
.
5
5
2
1
116
16.4.2010, 26.8.2010,
16.4.2010, 26.8.2010,
23.12.2010, 7.3.2011
16.4.2010, 26.8.2010,
23.12.2010, 7.3.2011
16.4.2010, 26.8.2010,
23.12.2010
16.4.2010, 26.8.2010
7.3.2011
23.10.2010
23.10.2010,
23.10.2010,
23.10.2010,
Table : Dates of the Meetings of CSCB held & Attendance of Directors during 2010-11
Meetings held
Dates of the Meetings
: 4
: 29.4.2010, 27.8.2010, 27.10.2010, 7.2.2011
No. of Meetings
held after
nomination/election/
during tenure
No. of
Meetings
attended
Shri S. K. Bhattacharyya
(upto. 31.10.2010)
Shri R. Sridharan
29.4.2010, 27.8.2010,
29.4.2010, 27.8.2010,
Shri S. Venkatachalam
7.2.2011
Dates
Table : Dates of the Meetings of TCB held & Attendance of Directors during 2010-11
Meetings held
Dates of the Meetings
: 5
: 16.4.2010, 26.8.2010, 23.10.2010, 23.12.2010 & 7.3.2011
No. of Meetings
held after
nomination/election/
during tenure
No. of
Meetings
attended
Shri S. K. Bhattacharyya
(upto 31.10.2010)
Shri R. Sridharan
Shri D. Sundaram
16.4.2010, 26.8.2010
7.3.2011
117
Dates
05 30 2005 2003-04 9
2004 ,
2010-11
2007
22 2007
9 2009
(1) (2)
(3) . .
31.3.2010
-
7 2011
( )
, ,
,
( ),
. 7 2011
( )
,
( )
,
1955
/
31 2011
/
. 7 2011
( )
( ) ,
,
,
:
2009-10 16 2010
7 . . , . , . ,
. () , . ,
. .
7 2011
( ) ,
-
, ,
.,
,
2009-10 16
2010 , 2008-09 19 2009 ,
2007-08 11 2008 , 2006-07 25
2007 , 2005-06 30 2006 , 2004118
Local Boards
In terms of the provisions of SBI Act and General
Regulations 1955, at every centre where the Bank has
a Local Head Office (LHO), Local Boards / Committees
of Local Boards are functional. The Local Boards
exercise such powers and perform such other
functions and duties delegated to them by the Central
Board. As on 31st March 2011, Local Boards at eleven
LHOs and Committees of the Local Boards at the
remaining three LHOs were functional. The minutes
and proceedings of the meetings of Local Boards/
Committees of Local Boards are placed before the
Central Board.
119
` 2500
/
2010-11
-IV
/
-
-
` 5000
2010-11
`
. .
(01.04.2010-31.03.2011) 9,60,000.00
4,27,200.00
6,00,000.00
1,54,906.00
21,42,106.00
. .
(01.04.2010-31.10.2010) 5,60,000.00
2,46,842.40
5,00,000.00
2,13,409.33
15,20,251.73
.
(01.04.2010-31.03.2011) 9,60,000.00
4,26,480.00
5,00,000.00
2,20,621.00
21,07,101.00
/
`
`
-
1955 ,
, ,
,
,
, ,
,
49
,
, ,
` ()'
`'
-
49 -
49
120
attending every Central Board meeting and ` 2,500/for attending a meeting of a Board-level Committee.
Sitting fees are, however, not paid to the Chairman
and Managing Directors of the Bank and GoI Nominee /
RBI Nominee Directors. Details of sitting fees paid
during the year 2010-11 are placed in Annexure-IV.
Sitting Fees
The remuneration of the whole-time Directors and the
sitting fees paid to the non-executive Directors for
attending the meetings of the Board / Committees of
the Board are as prescribed by GoI from time to time.
The Directors are given a sitting fee of ` 5,000/- for
Salary and Allowances paid to the Chairman and Managing Directors in 2010-11.
Others/
Arrears
`
Total
Remuneration
`
4,27,200.00
6,00,000.00
1,54,906.00
21,42,106.00
Managing Directors
Shri. S. K. Bhattacharyya
(01.04.2010-31.10.2010)
5,60,000.00
2,46,842.40
5,00,000.00
2,13,409.33
15,20,251.73
Shri R. Sridharan
(01.04.2010-31.03.2011)
4,26,480.00
5,00,000.00
2,20,621.00
21,07,101.00
Chairman
Shri. O. P. Bhatt
(01.04.2010-31.03.2011)
Basic
DA
Incentives
9,60,000.00
9,60,000.00
Disclosure :
The Bank has complied with all applicable nonmandatory requirements of Clause 49, except for
sending half-yearly declaration of financial
performance and summary of significant events to
the households of shareholders, since detailed
information on the same is posted on the website of
the Bank.
121
(ii) 18 2010
,
2010-11
-V
(iii)
31 2011
/ -
-
,
2010-11 , -
-
(www.sbi.co.in
www.statebankofindia.com)
- ,
-
:
(i) 2010
,
-,
122
Means of Communication
The Bank strongly believes that all stakeholders
should have access to complete information on its
activities, performance and product initiatives.
Annual, half-yearly and quarterly results of the Bank
for the year 2010-11 were published in the leading
newspapers of the country. The results were also
displayed on the Bank's website (www.sbi.co.in and
www.statebankofindia.com). The Annual Report is
sent to all shareholders of the Bank. The Bank's
website displays, interalia, official news releases of
the Bank, the Bank's Annual Report and Half-yearly
report, and details of various product offerings. Every
year, after the annual and half-yearly results are
declared, a Press-meet is held on the same day, in
which the Chairman makes a presentation and
answers the queries of the media. This is followed
by another meeting to which a number of investment
analysts are invited. Details of the Bank's performance
are discussed with the analysts in the meeting.
After declaring quarterly results, press notifications
are issued.
123
:
20.06.2011,
3.30 , : ".. ",
; -400 021.
: 1.4.2010 31.3.2011
: 24.05.2011
28.05.2011
` 30/-
: 13.6.2011
: , , ,
,
(
()
)
()
: 500112 ()
()
:
-
:
:
:
, :
,
-5 ,
, ,
, (),
-400 093
022-6671 2151 2156
( 10.00
1.00
2.00 4.30
)
022-6671 2198/99
022-6671 2201
6671 2203
sbi_eq@dfssl.com
(022) 6671 2204
,
,
, ,
, 11 ,
, ,
-400 001
(022) 2263 3462
2263 3468
(022) 2263 3470
2263 3471
gm.snb@sbi.co.in
31.03.2011 90,52,680 () 1,81,05,360
11608358
623390633
634998991
1.83%
98.17%
100.00%
227524
501205
728729
31.22%
68.78%
100.00%
124
Secretarial Audit in
terms of the Listing
Agreements are
regularly carried out
by an independent
private Company
Secretary.
: 01.4.2010 to
31.03.2011
: 24.05.2011 to
28.05.2011
: Dividend on SBI
shares is also being
paid through
various electronic
modes
Listing on Stock
Exchanges
: Mumbai,
Ahmedabad,
Kolkata, New Delhi,
Chennai and
National Stock
Exchange, Mumbai.
[GDRs listed on
London Stock
Exchange (LSE)]
Listing fees have
been paid upto date
to all Stock
Exchanges
including LSE.
Stock Code
: 500112 (BSE)
SBIN (NSE)
: Share transfers in
Physical form are
processed and
returned to the
shareholders within
stipulated time. Half
yearly Transfer
Audit and Quarterly
: M/s Datamatics
Financial Services
Limited, Unit :
State Bank of India,
Plot B-5, MIDC,
Part B, Cross
Lane, Marol,
Andheri (E),
Mumbai 400 093.
: 022-6671 2151 to 56
(between 10 a.m. to
1.00 p.m. and 2 p.m.
to 4.30 p.m.)
Direct Numbers
: 022-6671 2198 / 99
022-6671 2201 to
6671 2203
E-mail address
: sbi_eq@dfssl.com
Fax
Address for
Correspondence
Telephones
Fax
E-mail address
: gm.snb@sbi.co.in
No. of Shares
11608358
623390633
634998991
% of Total Shares
1.83%
98.17%
100.00%
125
Folio Nos.
227524
501205
728729
% of Total Folios
31.22%
68.78%
100.00%
- -
- /
31.03.2011 5.09%
4.06%
: ( )
(`)
2318.80
2348.80
2402.50
2519.90
2884.00
3268.00
3322.00
3515.00
3172.00
2852.45
2813.40
2888.00
2015.00
2138.00
2201.00
2254.40
2511.00
2738.75
3077.00
2777.00
2655.70
2468.80
2478.60
2523.55
18047.86
17536.86
17919.62
18237.56
18475.27
20267.98
20854.55
21108.64
20552.03
20664.80
18690.97
19575.16
17276.80
15960.15
16318.39
17395.58
17819.99
18027.12
19768.96
18954.82
19074.57
18038.48
17295.62
17792.17
-10
-10
-10
-10
-10
-10
-10
-10
-10
-11
-11
-11
(`)
(`)
-11
-11
-10
-11
-10
-10
-10
-10
-10
-10
-10
-10
4000
3000
2000
(`)
(`)
126
-11
-11
-10
-11
-10
-10
-10
-10
-10
-10
-10
-10
5160.90
4786.45
4961.05
5225.60
5348.90
5403.05
5937.10
5690.35
5721.15
5416.65
5177.70
5348.20
1000
500
5399.65
5278.70
5366.75
5477.50
5549.80
6073.50
6284.10
6338.50
6147.30
6181.05
5599.25
5872.00
5000
1000
2012.00
2138.00
2202.10
2253.55
2512.00
2737.25
3076.00
2775.00
2655.50
2463.10
2476.30
2520.45
6000
2500
1500
3000
2000
7000
/
22000
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
2318.90
2349.00
2630.10
2522.00
2884.80
3274.70
3324.85
3515.00
3173.60
2852.00
2814.75
2888.50
5000
4500
4000
3500
3000
2500
2000
1500
1000
500
0
-10
-10
-10
-10
-10
-10
-10
-10
-10
-11
-11
-11
: ( )
(`)
Months
Low
2318.80
2015.00
18047.86
17276.80
May-10
2348.80
2138.00
17536.86
15960.15
Jun-10
2402.50
2201.00
17919.62
16318.39
Jul-10
2519.90
2254.40
18237.56
17395.58
Aug-10
2884.00
2511.00
18475.27
17819.99
Sep-10
3268.00
2738.75
20267.98
18027.12
2318.90
2349.00
2630.10
2522.00
2884.80
3274.70
3324.85
3515.00
3173.60
2852.00
2814.75
2012.00
2138.00
2202.10
2253.55
2512.00
2737.25
3076.00
2775.00
2655.50
2463.10
2476.30
5399.65
5278.70
5366.75
5477.50
5549.80
6073.50
6284.10
6338.50
6147.30
6181.05
5599.25
5160.90
4786.45
4961.05
5225.60
5348.90
5403.05
5937.10
5690.35
5721.15
5416.65
5177.70
Mar-11
2888.50
2520.45
5872.00
5348.20
Oct-10
3322.00
3077.00
20854.55
19768.96
Nov-10
3515.00
2777.00
21108.64
18954.82
Dec-10
3172.00
2655.70
20552.03
19074.57
7000
Jan-11
2852.45
2468.80
20664.80
18038.48
6000
Feb-11
2813.40
2478.60
18690.97
17295.62
5000
Mar-11
2888.00
2523.55
19575.16
17792.17
NSE Nifty
1000
Mar-11
Jan-11
Feb-11
Dec-10
Nov-10
Oct-10
Sep-10
Jul-10
Aug-10
Jun-10
Feb-11
Mar-11
Jan-11
Dec-10
Nov-10
Months
500
0
Months
Oct-10
1500
Sep-10
1000
2500
2000
3000
2000
3000
Apr-10
22000
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
May-10
4000
5000
4500
4000
3500
3000
2500
2000
1500
1000
500
0
Apr-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Jul-10
High
Low
Aug-10
Low
High
Jun-10
High
BSE Sensex
Low
Apr-10
NSE NIFTY
High
May-10
Months
127
- - 14
,
- ,
2.69%
4.22%
12.20%
15.77%
:
(31.03.2011 )
(
/ )
/ )
/
/
/ /
/
/
(62,33,90,633)
(
/ )
/ )
/
/
/ /
/
/
5.72%
59.40%
:
(31.03.2011 )
59.40%
15.77%
12.20%
4.22%
2.69%
5.72%
728729
98.17%
128
(%)
1.
59.40
2.
11.26
3. ()
2.85
4. () .
.
2.13
5.
() .
0.84
6.
.
0.69
7.
0.51
8.
0.49
9. . .
0.48
10.
0.45
Investors Needs:
To meet various requirements of the investors
regarding their holdings, the Bank has a fullfledged Department - Shares & Bonds Department at Mumbai and Shares & Bonds Cells at the 14
Local Head Offices. The investors' grievances,
whether received at the Banks offices or at the
office of the Registrar and Transfer Agents, are
redressed expeditiously and monitored at the Top
Management level.
Distribution of shareholdings
2.69%
4.22%
12.20%
15.77%
President of India
5.72%
59.40%
% of
shares held
59.40%
15.77%
12.20%
1. President
of India
Equity
held (%)
59.40
11.26
2.85
4.22%
2.13
2.69%
0.84
5.72%
0.69
0.51
0.49
0.48
0.45
No. of Shareholders
728729
98.17%
129
I
17 2011 -
.
( : 22 1953)
. 19()
24 2008
. ,
()
, , ,
.
.,
,
.
( : 6 1951)
. 19()
08 2008
,
.
()
,
,
.
( : 26 1949)
. 19()
24 2008
35
3 . .
. . . .
,
,
( : 10 1936)
, 19 ()
10 2011 1 3
()
.
( : 8 1944)
. 19()
24 2008
30
( : 20 1949)
, 19()
28 2004
. . .
( : 1 1952)
. . . , 19 ()
4 2010
.
( : 16 1953)
. 19()
13 2009
23 2011
()
. ()
,
( : 25 1952)
, 19 (.)
18 2011
( )
130
Annexure I
Brief Resumes of the Non-Executive Directors on the Board as on 17th May 2011
Dr. Ashok Jhunjhunwala
(Date of Birth: 22nd June 1953)
Shri S. Venkatachalam
(Date of Birth: 8th November 1944)
Shri S. Venkatachalam is a Director elected by the
Shareholders u/s 19(c) of SBI Act, w.e.f. 24th June
2008, for three years. He is a practising Chartered
Accountant and was employed with Citigroup and
Citibank NA India Organisation in the Senior
Management Cadre for a period of 30 years in
various capacities.
Shri D. Sundaram
(Date of Birth: 16th April 1953)
Shri G. D. Nadaf
(Date of Birth : 1st June 1952)
131
II
31.03.2011 // @
/
1. . .
5,
. .
400 006.
26.04.2006
(01.07.2006
31.03.2011
)
20
2
2. .
-1,
100 ,
400 006.
05.12.2008
13
1
9
3. .
() ,
,
600 036.
24.06.2008
8
1
5
4. .
3 ..
, ,
400 020.
24.06.2008
11
4
5
5. .
-1, 1-
( )
. . ,
400 005.
24.06.2008
3
5
49 I () (ii) -
/ /
132
Annexure II
Total Number of Memberships/Chairmanships held by the Directors on the Boards/
Board-level Committees of the Bank@/Other Companies as on 31.03.2011
Name of Director
Occupation &
Appointed to
Number of Companies
Address
Board since
including Bank
(Details given in Annexure II A)
1.
Shri O. P. Bhatt
Chairman
26.04.2006
Chairman
20
No.5, Dunedin,
(Appointed as
Director
Chairman
w.e.f. 01.07.2006
Director
13
retired as at the
close of business
on 31.03.2011)
2.
Shri R. Sridharan
Managing Director
05.12.2008
Chairman of Committee 1
Committee Member
Director
Chairman of Committee
Department of Electrical
Committee Member
24.06.2008
Chartered Accountant
24.06.2008
Director
11
Chairman of Committee
Mafatlal House
Committee Member
Director :
Committee Member :
Backbay Reclamation
Mumbai - 400 020.
5.
Shri S. Venkatachalam
24.06.2008
133
II ()
6. .
.
, ,
(), 400 051.
13.01.2009
7. .
,
, - 110 001.
08.09.2008
8. . .
,
- 560 001.
04.11.2010
9.
( )
( )
,
( ) ,
, - 110 001.
18.02.2011
3
1
10.
(
)
,
,
400 001.
28.09.2004
4
1
7
4
49 I () (ii) -
/ /
134
Annexure II (contd.)
Name of Director
Occupation &
Address
Appointed to
Board since
Number of Companies
including Bank
(Details given in Annexure II A)
6.
Shri D. Sundaram
13.01.2009
Director
Chairman
08.09.2008
Director
4.11.2010
Director
18.02.2011
Director
Committee Member
Director
Committee Member
Managing Director,
TVS Capital Funds Ltd.
IL&FS Financial Centre,
Quadrant B, 2nd floor, BKC,
Bandra (E), Mumbai 400 051.
7.
Secretary General
FICCI,
Federation House,
Tansen Marg,
New Delhi 110 001.
8.
Shri G. D. Nadaf
Dy.Manager
Secretary
(GOI Nominee)
(Financial Services),
Ministry of Finance
Government of India
(Banking Division),
Jeevan Deep Bldg.,
Parliament Street,
New Delhi - 110 001.
Deputy Governor
28.09.2004
Nominee)
135
II
31.03.2011 / @ /
/
(@ / / )
1. . . .
.
//
//
()
()
() .
10
. .
11
. .
12
13
14
15
16
. .
17
18
. .
19
. .
20
21
22
. .
136
Annexure II A
Total Number of Memberships/Chairmanships held by the Directors on the Boards/ Board-level Committees of
the Bank@/Other Companies as on 31.03.2011
(@ Only Memberships/Chairmanships of Audit Committee and Shareholders'/Investors' Grievance Committee
are reckoned)
1. Shri O. P. Bhatt:
S. Name of the Company/Name of the Concern/Society
No.
Member/Director/Chairman
Chairman
Chairman
Chairman
Chairman
Chairman
Chairman
Chairman
Chairman
Chairman
10
Chairman
11
Chairman
12
Chairman
13
Chairman
14
Chairman
15
SBIDFHI Ltd.
Chairman
16
Chairman
17
Chairman
18
Chairman
19
Chairman
20
Chairman
21
Director
22
Director
137
II ()
2. .
/
/
//
()@
-,
/ -
() .
---
. .
11
12
13
/
/
()@
/@
-,
/ -
() .
- .
3. .
138
Annexure II A (contd.)
2. Shri R. Sridharan
S. Name of the Company/
No. Name of the Concern/Society
Member/Director/
Chairman
Managing Director
Director
Director
Director
Director
Director
Director
Director
Director
11
Director
12
Director
13
Director
Director
Director
Director
Sasken Communications
Technologies Ltd.
Director
Director
Director
3i Infotech Ltd.
Director
Director
Director
139
II ()
/
/
()
/ @
3
4
.
.
5
6
7
8
9
10
11
.
.
.
. .
. .
.
-
-
/
-
-
-
-
-
4. .
1
2
5. .
1
2
3
. .
.
-,
/ -
-
-,
/ -
6. .
1
2
3
4
5
6
7
.
.
.
. .
. .
140
-
/ -
-
-
Annexure II A (contd.)
S. Name of the Company/
No. Name of the Concern/Society
Director
Director
Director
NSE. IT Ltd.
Director
Director
Director
3i Infotech Ltd.
Director
Director
Ahmedabad Commodity
Exchange Ltd.
Director
Director
10
Director
11
Director
5. Shri S.Venkatachalam
1
Director
Director
Director
6. Shri D. Sundaram
1
Director
Director
Shareholders'/Investors Grievance
Committee of the Board - Chairman
Managing Director
Director
Director
Director
Director
141
II ()
/
/
()
/
7. .
1
8. . .
1
9.
1
10.
1
III
31.03.2011
..
..
1.
. .
1300
6.
2640
2.
300
7.
3.
630
8.
4.
500
9.
5.
500
10.
. .
230
142
Annexure II A (contd.)
S. Name of the Company/
No. Name of the Concern/Society
Director
Director
Director
8. Shri G. D. Nadaf
1
Director
Director
Director
Director
Director
Director
Director
Annexure III
Details of shareholding of Directors on the Banks Central Board as on 31.03.2011
Sl. No.
Name of Director
1.
2.
No. of Shares
Sl. No.
Name of Director
No. of Shares
1300
6.
Shri D. Sundaram
2640
Shri R. Sridharan
300
7.
NIL
3.
630
8.
NIL
4.
500
9.
NIL
5.
Shri S. Venkatachalam
500
10.
230
143
IV
2010-11
..
@`
5,000/-
@ ` 2,500/-
@ ` 2,500/-
1.
40,000/-
45,000/-
40,000/-
1,25,000/-
2.
40,000/-
72,500/-
42,500/-
1,55,000/-
3.
50,000/-
1,12,500/-
50,000/-
2,12,500/-
4.
40,000/-
60,000/-
22,500/-
1,22,500/-
5.
25,000/-
47,500/-
12,500/-
85,000/-
6.
. .
25,000/-
37,500/-
10,000/-
72,500/-
7.
. ()
40,000/-
57,500/-
30,000/-
1,27,500/-
8.
35,000/-
25,000/-
7,500/-
67,500/-
9.
. .
25,000/-
32,500/-
57,500/-
(2010-11) (2010-11)
2010-11
: 17 2011
144
Annexure IV
Details of Sitting Fees paid to Directors for attending Meetings of the
Central Board and Board-level Committees during 2010-11
Sl. No.
Name of Director
Central Board
ECCB
@ ` 5,000/-
@ ` 2,500/-
Other
Committees
@ ` 2,500/-
Total
1.
40,000/-
45,000/-
40,000/-
1,25,000/-
2.
40,000/-
72,500/-
42,500/-
1,55,000/-
3.
Shri S. Venkatachalam
50,000/-
1,12,500/-
50,000/-
2,12,500/-
4.
Shri D. Sundaram
40,000/-
60,000/-
22,500/-
1,22,500/-
5.
25,000/-
47,500/-
12,500/-
85,000/-
6.
25,000/-
37,500/-
10,000/-
72,500/-
7.
40,000/-
57,500/-
30,000/-
1,27,500/-
8.
35,000/-
25,000/-
7,500/-
67,500/-
9.
25,000/-
32,500/-
57,500/-
ANNEXURE V
STATE BANK OF INDIA
DECLARATION
AFFIRMATION OF COMPLIANCE WITH THE BANKS CODE OF CONDUCT (2010-11)
I declare that all Board Members and Senior Management have affirmed compliance with the
Banks Code of Conduct for the Financial Year 2010-11.
PRATIP CHAUDHURI
CHAIRMAN
Date: 17th May 2011
145
31 2011
, - - 49
-
,
- ,
/ -
-
, ,
,
: 004671
:
: 17 2011
(. . )
.: 29505
146
(D. V. Jankinath)
Partner
Membership No.29505
Place : Kolkata
Date : May 17, 2011
147
31 2011 -
(000 )
(000s omitted)
Schedule
No.
Capital
31.3.2011
31.3.2010
( ) ( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
...
...
634,99,90
634,88,26
...
...
64351,04,42
65314,31,60
...
...
933932,81,30
804116,22,68
...
...
119568,95,50
103011,60,11
...
...
105248,38,93
80336,70,40
1223736,20,05
1053413,73,05
Reserves & Surplus
Deposits
-
Borrowings
Other Liabilities & Provisions
TOTAL
ASSETS
Schedule
No.
Cash and Balances with Reserve Bank of India
...
31.3.2011
31.3.2010
( ) ( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
...
94395,50,20
61290,86,52
...
28478,64,57
24897,84,83
...
...
295600,56,90
295785,19,87
...
...
756719,44,80
631914,15,20
...
...
10
4764,18,93
4412,90,67
...
...
11
43777,84,65
35112,75,96
TOTAL
1223736,20,05
1053413,73,05
12
` 730484,60,45
` 548446,88,53
` 59904,98,25
` 47922,32,81
Balances with Banks and money at call and short notice
Investments
Advances
Fixed Assets
Other Assets
/ Contingent Liabilities
/ Bills for collection
/ Significant Accounting
- / Notes to Accounts
...
...
...
...
Policies ...
...
17
...
...
18
148
1
SCHEDULE 1 CAPITAL
(000 )
(000s omitted)
31.3.2011
( )
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
5000,00,00
1000,00,00
635,08,31
634,96,85
634,99,90
634,88,26
634,99,90
634,88,26
TOTAL
149
2
SCHEDULE 2 RESERVES & SURPLUS
I.
(000 )
(000s omitted)
31.3.2011
( )
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
Statutory Reserves
Opening Balance
...
...
...
37107,77,71
30726,68,86
...
...
...
3331,85,57
6381,08,85
...
...
...
7927,41,00
II.
32512,22,28
37107,77,71
Capital Reserves
Opening Balance
...
...
...
1381,36,16
1267,30,69
...
...
...
112,34,94
114,05,47
...
...
...
III.
1493,71,10
1381,36,16
Share Premium
Opening Balance
...
...
...
20658,30,78
20657,92,52
...
...
...
27,51
38,26
...
...
...
IV.
20658,58,29
20658,30,78
Opening Balance
...
...
...
644,95,63
1574,84,29
...
...
...
...
...
...
36,22,44
V.
929,88,66
608,73,19
644,95,63
Opening Balance
...
...
...
5521,57,39
3085,71,33
...
...
...
3555,88,24
2435,86,06
...
...
...
VI.
...
...
...
9077,45,63
5521,57,39
33,93
33,93
64351,04,42
65314,31,60
(
1955 36 ) ` 5,00,00
( ` 5,00,00 )
` 467,73,54 ( ` 62,17,87 )
*
TOTAL
150
(000 )
3 GXpZp<]Ypy
SCHEDULE 3 DEPOSITS
@.
I.
(000s omitted)
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
XpyB GXpZp<]Ypy
A.
Demand Deposits
(i) Vv@pu _u
From Banks
(ii) dY _u
From Others
II.
...
...
...
...
8700,33,65
8904,46,95
...
...
...
...
122494,98,27
113674,96,27
...
...
...
...
330326,06,46
257460,29,77
...
...
...
...
13539,66,97
14337,83,10
...
...
...
...
458871,75,95
409738,66,59
TOTAL
933932,81,30
804116,22,68
III.
_p\<R GXpZp<]Ypy
Term Deposits
(i) Vv@pu _u
From Banks
(ii) dY _u
From Others
A.
31.3.2011
( )
I.
B.
...
...
...
...
887151,77,32
764717,48,45
...
...
...
...
46781,03,98
39398,74,23
TOTAL
933932,81,30
804116,22,68
4 -
SCHEDULE 4 BORROWINGS
I.
(000 )
(000s omitted)
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
Borrowings in India
(i)
Reserve Bank of India
(ii)
Other Banks
(iii)
Other Institutions and Agencies
(iv)
Capital Instruments
31.3.2011
( )
...
...
...
1100,00,00
...
...
...
9032,64,26
8178,33,58
...
...
...
2368,29,33
1292,29,56
...
2165,00,00
2000,00,00
...
...
...
()
) /
()
...
...
()
...
...
151
4 - ()
SCHEDULE 4 BORROWINGS (Contd...)
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
()
(e) Redeemable Cumulative Preference Shares (RCPS)
...
(f)
...
34671,39,60
()
II.
31.3.2011
( )
Subordinated Debt
...
...
27174,40,00
36836,39,60
29174,40,00
TOTAL
49337,33,19
38645,03,14
...
67444,20,11
61560,61,11
(ii)
...
...
Capital Instruments
()
(a) Innovative Perpetual Debt Instruments (IPDI) ..
...
2787,42,20
2805,95,86
...
...
(f)
() /
...
()
()
()
()
Subordinated Debt
...
...
2787,42,20
2805,95,86
TOTAL
70231,62,31
64366,56,97
GRAND TOTAL
119568,95,50
103011,60,11
5294,47,86
8333,66,30
@s[ YpuB
...
I II - /
Secured Borrowings included in I & II above
5
SCHEDULE 5 OTHER LIABILITIES AND PROVISIONS
I.
(000 )
(000s omitted)
31.3.2011
( )
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
_zQuY <V[
Bills payable
II.
III.
T}puQoWtO - YpG
V.
...
...
...
...
21703,49,78
21098,25,83
...
...
...
...
20455,68,73
11474,83,02
...
...
...
...
8236,49,71
6605,19,35
...
...
...
...
...
...
...
...
54852,70,71
41158,42,20
TOTAL
105248,38,93
80336,70,40
YpuB
152
6
SCHEDULE 6 CASH AND BALANCES WITH RESERVE BANK OF INDIA
I.
(000s omitted)
31.3.2011
( )
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
7476,55,39
6841,01,27
`pP S@Qr (e_Xu <\Qu]r @Zu_r SpuJ> OPp \N{ _X<[O `v)
Cash in hand (including foreign currency notes and gold)
II.
(000 )
Ep[t ApOu Xu
In Current Account
(ii)
...
...
...
...
86916,41,66
54447,33,22
...
...
...
...
2,53,15
2,52,03
TOTAL
94395,50,20
61290,86,52
dY ApOpu Xu
In Other Accounts
YpuB
7
SCHEDULE 7 BALANCES WITH BANKS AND MONEY AT CALL & SHORT NOTICE
I.
31.3.2011
( )
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
WpZO Xu
In India
(i)
Vv@pu Xu GXpZp<]Ypy
Balances with banks
In Current Accounts
...
...
...
...
1205,18,63
975,94,08
...
...
...
...
64,100
...
...
...
...
2769,00,00
1180,00,00
...
...
...
...
TOTAL
3980,59,63
2155,94,08
(@) Vv@pu Xu
(a)
With banks
(A) dY _zPpdpu Xu
(b)
YpuB
II.
WpZO @u Vp`Z
Outside India
(i)
Ep[t ApOpu Xu
In Current Accounts
(ii)
...
...
...
...
11669,09,70
16209,21,17
...
...
...
...
1123,88,29
653,10,51
...
...
...
...
11705,06,95
5879,59,07
TOTAL
24498,04,94
22741,90,75
GRAND TOTAL
28478,64,57
24897,84,83
dY GXp ApOpu Xu
XpzB dpvZ dT _tESp TZ T}pY RSZp<]
Money at call and short notice
YpuB
@s[ YpuB
153
8
SCHEDULE 8 INVESTMENTS
I.
(000 )
(000s omitted)
31.3.2011
( )
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
WpZO Xu <\<SRpS
Investments in India in :
(i)
_Z@pZr T}<OWt<OYpy
Government Securities
(ii)
...
...
...
...
230741,44,69
226706,01,63
...
...
...
...
423,71,13
1035,12,55
...
...
...
...
8864,64,59
7199,37,26
...
...
...
...
15134,10,52
16127,43,16
...
...
...
4855,42,87
4285,60,64
...
...
...
25567,65,78
32210,03,68
TOTAL
285586,99,58
287563,58,92
...
...
2239,07,88
2009,51,52
...
...
...
1603,03,15
1403,69,14
...
...
...
6171,46,29
4808,40,29
TOTAL
10013,57,32
8221,60,95
295600,56,90
295785,19,87
dY dSsXpu<QO T}<OWt<OYpy
Other approved securities
(iii)
]uYZ
Shares
(iv)
(v)
(vi)
/
( )
( , ,
)
YpuB
II.
(ii)
/
Subsidiaries and / or Joint Ventures abroad
(iii)
YpuB
@s[ YpuB
III.
WpZO Xu <\<SRpS
Investments in India :
(i)
IV.
...
...
(ii)
(iii)
...
...
286732,71,79
288076,72,80
...
...
1145,72,21
513,13,88
TOTAL
285586,99,58
287563,58,92
...
...
10221,32,43
8409,18,88
...
...
207,75,11
187,57,93
TOTAL
10013,57,32
8221,60,95
GRAND TOTAL
295600,56,90
295785,19,87
YpuB
(ii)
(iii)
...
...
@s[ YpuB
YpuB
154
9
SCHEDULE 9 ADVANCES
@.
(i)
A.
(iii)
(000s omitted)
...
...
(i)
...
339825,33,41
275150,49,64
...
365178,33,20
313988,92,38
TOTAL
756719,44,80
631914,15,20
...
...
494604,06,61
410659,89,28
...
...
...
109096,80,03
85368,66,82
...
...
...
153018,58,16
135885,59,10
TOTAL
756719,44,80
631914,15,20
...
...
...
( )
Vv@/_Z@pZr T}YpWt<OYpu pZp _zZ<bO
dT}<OWtO
...
YpuB
(I)
C.
`
42774,73,18
Unsecured
B.
`
51715,78,19
As on 31.3.2010
(Previous year)
...
As on 31.3.2011
(Current year)
...
YpuB
B.
31.3.2010
( )
,
Term loans
A.
31.3.2011
( )
Bills purchased and discounted
(ii)
(000 )
WpZO Xu d<B}X
Advances in India
(i)
T}pP<X@OpT}pO bum
Priority Sector
(ii)
_p\{G<S@ bum
(iii)
Vv@
Public Sector
Banks
(iv)
...
...
...
...
231597,86,67
170568,20,80
...
...
...
...
48924,41,93
48955,92,33
...
...
...
...
454,92,47
265,69,38
...
...
...
...
367698,25,17
315964,13,69
TOTAL
648675,46,24
535753,96,20
dY
Others
YpuB
(II)
Vv@pu _u ]puY
(ii)
dYpu _u ]puY
...
...
...
...
22423,64,94
15657,17,29
...
...
...
14796,19,10
25294,02,88
...
...
...
...
36737,68,12
26475,21,13
...
...
...
...
34086,46,40
28733,77,70
TOTAL
108043,98,56
96160,19,00
756719,44,80
631914,15,20
(@)
(a)
(A)
(b)
Syndicated loans
(B) dY
(c)
Others
YpuB
@s[ YpuB (-I -II)
155
10
SCHEDULE 10 FIXED ASSETS
(000 )
(000s omitted)
31.3.2011
( )
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
@.
A.
I.
I.
TqZ_Z
Premises
...
...
1687,67,20
1591,04,02
Additions during the year
...
...
...
...
149,42,02
107,49,29
...
...
...
...
45,48,59
10,86,11
...
...
...
...
781,96,86
...
...
9233,45,58
7886,53,52
dOS XtYp_
Depreciation to date
II.
1009,63,77
698,36,04
989,31,16
Additions during the year
...
...
...
...
2044,11,71
1430,31,51
...
...
...
...
682,02,79
83,39,45
...
...
...
...
7173,42,66
...
...
...
...
...
...
852,85,15
925,48,26
dOS XtYp_
Depreciation to date
III.
3422,11,84
6105,24,74
3128,20,84
TJ>oJ>p@wO dpOYpy
Leased Assets
...
...
...
...
...
...
...
...
50,71,81
72,63,11
...
...
...
...
802,13,34
852,85,15
...
(20,27)
20,27
(20,27)
20,27
( )
Assets under Construction (Including Premises)
YpuB
...
...
332,23,05
295,18,40
4764,18,93
4412,90,67
156
11
SCHEDULE 11 OTHER ASSETS
I.
IV.
As on 31.3.2010
(Previous year)
...
...
...
...
...
...
9132,02,77
7685,00,86
...
...
...
5848,00,60
4391,07,67
...
...
...
1167,28,24
2512,08,92
...
...
...
98,83,00
102,45,17
...
...
34,91
34,91
...
...
27531,35,13
20421,78,43
YpuB
TOTAL
43777,84,65
35112,75,96
/
dpP<BO @Z dpOYpy (<S\[)
[uAS _pXB}r dpvZ J>pzT
...
-
Non-banking assets acquired in satisfaction of claims
VII.
As on 31.3.2011
(Current year)
...
31.3.2010
( )
...
31.3.2011
( )
T}puQoWtO YpG
Interest accrued
III.
(000s omitted)
II.
(000 )
dY
Others
...
...
12
SCHEDULE 12 CONTINGENT LIABILITIES
I.
IV.
31.3.2011
( )
31.3.2010
( )
As on 31.3.2011
(Current year)
As on 31.3.2010
(Previous year)
...
...
...
773,89,36
655,45,08
...
...
...
2,80,00
2,80,00
...
339683,99,79
245031,45,01
:
Liability for partly paid investments
III.
(000s omitted)
II.
(000 )
...
(@) WpZO Xu
(a)
In India
...
...
...
...
82657,98,54
64479,72,56
...
...
...
...
60827,95,78
36521,88,50
...
...
...
145187,30,78
118526,71,14
...
...
...
101350,66,20
83228,86,24
YpuB
TOTAL
730484,60,45
548446,88,53
Outside India
,
Acceptances, endorsements and other obligations
VI.
,
Other items for which the bank is contingently liable
157
31 2011
(000 )
(000s omitted)
PROFIT AND LOSS ACCOUNT OF STATE BANK OF INDIA FOR THE YEAR ENDED 31ST MARCH 2011
.
Schedule
No.
I.
31.3.2011
31.3.2010
dpY
INCOME
d<G{O YpG
Interest earned
...
...
...
13
81394,36,38
70993,91,75
...
...
...
14
15824,59,42
14968,15,27
TOTAL
97218,95,80
85962,07,02
dY dpY
Other Income
YpuB
II.
YY
EXPENDITURE
...
...
...
15
48867,95,61
47322,47,80
...
...
...
16
23015,43,26
20318,68,00
...
...
...
17071,05,03
9154,85,92
88954,43,90
76796,01,72
TqZEp[S YY
Operating expenses
YpuB
III.
TOTAL
[pW
PROFIT
...
...
...
8264,51,90
9166,05,30
...
...
...
33,93
33,93
8264,85,83
9166,39,23
dB}SrO [pW
Profit brought forward
YpuB
TOTAL
<\<SYpuGS
APPROPRIATIONS
...
...
2479,35,57
6381,08,85
...
...
9,60,89
114,05,47
2729,86,59
529,50,65
...
( 2009-10
` 4,05,56 )
[pWpz]
Dividend
(i)
(i) Interim Dividend
(ii)
(ii) Final Dividend Proposed
...
...
...
634,88,02
...
...
...
1904,99,70
1269,76,77
...
...
...
246,52,02
236,75,54
894,17,13
33,93
33,93
8264,85,83
9166,39,23
` 130.16
` 144.37
` 130.16
17
` 144.37
[pWpz] TZ @Z
Tax on dividend
...
...
YpuB
TOTAL
[uAp Sr<OYpy /
[uAp-qJ>T<NYpy / Notes
18
158
13
SCHEDULE 13 INTEREST EARNED
(000 )
(000s omitted)
31.3.2011
I.
/ /
II.
<\<SRpSpu TZ dpY
III.
Interest/discount on advances/bills
Income on investments
...
...
59976,00,50
50632,63,88
...
...
...
19651,37,50
17736,29,62
...
...
410,65,75
1511,92,18
...
...
1356,32,63
1113,06,07
TOTAL
81394,36,38
70993,91,75
...
YpuB
14
SCHEDULE 14 OTHER INCOME
(000 )
(000s omitted)
31.3.2011
II.
III.
IV.
VI.
VII.
31.3.2010
...
...
...
11563,27,50
9640,85,95
/ (`p<S) (<S\[)
Profit / (Loss) on sale of investments (Net)
...
...
...
925,69,54
2116,79,23
/ (`p<S) (<S\[)
Profit / (Loss) on revaluation of investments (Net)...
...
...
(4,67,20)
...
...
(18,51,07)
(10,45,62)
...
...
1464,04,87
1587,13,55
...
827,73,02
573,48,34
/ (`p<S)
Profit / (Loss) on exchange transactions
...
/ / /
Income from financial lease
VIII.
dY
Others
I.
31.3.2010
...
...
...
...
1,88,65
9,18,55
...
...
...
1065,14,11
1051,15,27
TOTAL
15824,59,42
14968,15,27
T}@N{ dpY
Miscellaneous Income
YpuB
159
15
SCHEDULE 15 INTEREST EXPENDED
(000 )
(000s omitted)
31.3.2011
I.
...
...
...
43234,75,48
43334,28,52
...
...
2561,73,80
1228,04,84
...
...
3071,46,33
2760,14,44
TOTAL
48867,95,61
47322,47,80
dY
Others
...
YpuB
16
SCHEDULE 16 OPERATING EXPENSES
(000 )
(000s omitted)
31.3.2011
I.
II.
31.3.2010
...
...
...
14480,16,78
12754,64,57
...
...
...
...
1794,48,79
1589,57,49
...
...
...
...
255,40,03
242,32,41
...
...
...
...
257,87,61
224,04,52
...
990,49,52
929,15,51
Advertisement and publicity
V.
-
Printing and stationery
IV.
/ -
Interest on Reserve Bank of India/Inter-bank borrowings
III.
31.3.2010
GXpZp<]Ypu TZ YpG
Interest on deposits
II.
...
...
...
3,50,86
...
...
...
74,28
61,13
Auditors fees and expenses (including branch auditors fees and expenses)
124,28,30
111,59,77
VI.
VII.
( )
VIII.
Law charges
IX.
...
118,54,59
96,61,93
...
...
...
...
363,36,05
321,58,10
...
...
...
...
374,24,72
327,90,67
...
...
...
...
800,91,24
683,83,37
...
...
...
...
3454,91,35
3033,27,67
TOTAL
23015,43,26
20318,68,00
Insurance
XII.
...
Repairs and maintenance
XI.
...
,
Postages, Telegrams, Telephones etc.
X.
...
Other expenditure
YpuB
160
17
.
SCHEDULE 17
SIGNIFICANT ACCOUNTING POLICIES:
A.
, ,
/
: - (),
, ()
-, ()
-
, .
.
,
, ( )
.
.
.
.
1.
1.1 ,
.
.
Basis of Preparation
B.
Use of Estimates
The preparation of financial statements requires the
management to make estimates and assumptions considered
in the reported amount of assets and liabilities (including
contingent liabilities) as of the date of the financial
statements and the reported income and expenses during
the reporting period. Management believes that the estimates
used in the preparation of the financial statements are
prudent and reasonable. Future results could differ from
these estimates.
1.2
(i) ,
, /
(
)
, (ii)
- (iii)
, (iv)
``'' .
1.3 /
`` ''
(
)
.
1.4
. 1 , 2001
.
.
.
161
C.
1.
Revenue recognition
1.1
1.2
1.3
1.4
1.5 `` '' ( )
:
) - /
.
) - ,
.
1.6
.
1.7 (i)
(ii)
,
- .
1.8 ( 2008 2009)
15
.
2
1.5
31.12.2010 ( - )
01.01.2011 ( )
( - )
2.
b.
1.6
1.7
1.8
Investments
The transactions in Government Securities are recorded
on Trade Date up to 31.12.2010 and on Settlement
Date with effect from 01.01.2011. Investments other than
Government Securities are recorded on Trade Date.
2.1
3 `` '', ``
'' `` ''
.
2.1
Classification
Investments are classified into three categories, viz.
Held to Maturity (HTM), Available for Sale (AFS) and
Held for Trading (HFT).
2.2 :
i. `` ''
, .
ii. `` ''
, 90
: .
2.2
Basis of classification:
i.
ii.
iii.
, `` ''
.
iii.
iv.
``
'', `` '' `` ''
- .
iv.
v.
,
`` ''
.
v.
2.3
2.3 :
i. - ;
() /
.
() , ,
.
Valuation:
i.
162
Brokerage/commission received on
subscriptions is reduced from the cost.
(b)
() /
/ /
- .
(c)
() , `` ''
`` ''
``
'' (
) .
(d)
ii.
/ /
, m, ,
.
iii.
iii.
.
iv.
v.
vi.
ii.
iv. `` '' : ``
''
,
`` ''
. ,
( )
.
( )
.
- ,
v.
:
-
. m
-
.
vi. (-)
- . ,
,
, ,
.
vii.
-
.
:
) / ( ) 90
.
163
)
)
,
. 1/-
-
.
- -
-
.
,
.
/
.
-
.
viii. [
()
] :
) / /
/
/
/
- 4 ( )
- 7 (
)
)
(b)
(c)
(d)
(e)
(f)
() /
/
. / /
3.
3.1
.
, :
i. , /
90 ;
ii. - ``''
(`` '') ,
90 /
,
(b)
164
(a)
ii.
90
;
iii. / , 90
;
iii.
iv.
,
2 - ;
iv.
v.
,
- .
v.
3.2
-,
:
i. - : , 12
.
ii. : , 12
- .
3.2
iii. : ,
.
3.3
3.3
-
:
- :
i. 10%
ii. ,
, 10%
(
- 10%
)
:
- :
i. - 20%
ii. - 30%
iii. - 100%
-
100%
:
100%
3.4 -
.
3.5 ,
/
. ()
.
3.6 , ,
()
.
3.7 / :
- ,
ii.
iii.
i.
i.
165
- Unsecured portion
100%
Loss Assets:
100%
3.4
3.5
3.6
3.7
.
.
3.8 ,
-
.
3.9
.
3.10
.
5 `` - ''
.
4.
,
.
.
.
5.
-
( ) .
, , , , ,
,
- .
()
1%
. 5 `` '' .
6.
:
6.1 / -
, , ,
.
-
.
- .
6.2
.
/
.
6.3 ,
.
,
3.9
166
4.
Floating Provisions
The bank has a policy for creation and utilisation of
floating provisions separately for advances, investments
and general purpose. The quantum of floating provisions
to be created is assessed at the end of each financial year.
The floating provisions are utilised only for contingencies
under extra ordinary circumstances specified in the policy
with prior permission of Reserve Bank of India.
5.
6.
Derivatives:
6.1 The Bank enters into derivative contracts, such as
foreign currency options, interest rate swaps, currency
swaps, and cross currency interest rate swaps and
forward rate agreements in order to hedge on-balance
sheet/off-balance sheet assets and liabilities or for
trading purposes. The swap contracts entered to hedge
on-balance sheet assets and liabilities are structured in
such a way that they bear an opposite and offsetting
impact with the underlying on-balance sheet items. The
impact of such derivative instruments is correlated with
the movement of the underlying assets and accounted
in accordance with the principles of hedge accounting.
6.2
6.3
. ,
90 ,
.
6.4
.
.
6.5 () -
.
7.
7.
6.4
6.5
7.1 m .
7.2
7.2 , ,
.
,
.
7.3
m:
7.3 m m
:
.
1
2
31 2001
m/
33.33%
60%
100%
1956
1962
7.4 m
180 180
,
m -
.
7.5 ` 1,000/-
.
7.6 , ,
.
167
Sr. Description of
No. fixed assets
Method of
charging
depreciation
Depreciation/
amortisation
rate
Straight Line
Method
33.33%
every year
60%
Computer Software
which does not
form an integral
part of hardware
100%
depreciated
in the year
of acquisition
Assets given on
financial lease upto
31st March 2001
Straight Line
Method
At the rate
prescribed
under the
Companies
Act, 1956
Written down
value method
At the rate
prescribed
under the
Income-tax
Rules, 1962
7.4
7.5
7.6
7.7 31 2001,
() m .
7.8 m
/ .
8.
9.
3 - .
,
.
.
.
10. -
10.1
i.
.
ii.
() /
.
iii. ,
,
.
iv.
v.
vi.
.
.
,
,
.
.
7.7
7.8
8.
Leases
The asset classification and provisioning norms applicable
to advances, as laid down in Para 3 above, are applied
to financial leases also.
9.
Impairment of Assets
Fixed Assets are reviewed for impairment whenever events
or changes in circumstances warrant that the carrying amount
of an asset may not be recoverable. Recoverability of assets
to be held and used is measured by a comparison of the
carrying amount of an asset to future net discounted cash
flows expected to be generated by the asset. If such assets
are considered to be impaired, the impairment to be recognised
is measured by the amount by which the carrying amount
of the asset exceeds the fair value of the asset.
10.
ii.
iii.
iv.
v.
vi.
vii.
, ,
, ,
.
viii.
/
168
/
.
10.2
.
.
:
i.
.
ii.
.
iii.
-
.
iv.
(
)
.
. :
i.
.
ii.
/
.
b.
iii.
.
Non-integral Operations:
i.
ii.
iii.
iv.
Integral Operations:
i.
ii.
iii.
11.
11.
11.1 :
,
,
,
.
11.2 :
i.
Employee Benefits
. ,
. (
- 10% )
. ,
169
ii.
. -
. ,
. -
.
-
.
,
.
.
,
.
15
.
.
.
.
.
,
. -
.
10%
.
.
--
.
/
.
ii.
b.
c.
d.
e.
01 2010
/
,
,
, 10 %
.
.
170
iii.
.
,
,
.
.
.
.
iii.
11.3
/
b.
Taxes on income
12. :
12.1
. 22
.
-
.
12.2 - -
- -
.
: -
.
.
12.3 ,
,
.
,
m
.
13.
13.
13.1 - 20 ` '
.
.
13.2
.
.
171
14. ,
14.
14.1 29 ``,
''
,
.
14.2
i.
ii.
, ,
,
.
.
,
, ,
,
.
i.
ii.
b.
14.3 .
15.
15.
.
172
- 18
Schedule - 18
NOTES TO ACCOUNTS
( )
18.1 :
1. - :
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(viii)
(ix)
(x)
(xi)
(xii)
- (%) ( - I)
- - I (%) ( -I)
- - II (%) ( - I)
-(%) ( - II)
- - I (%) ( - II)
- - II (%) ( - II)
-ii
- II
(, ix) - II
(
)#
18.1 Capital:
1.
31 2011
31 2010
10.69
12.00
6.93
8.46
3.76
3.54
11.98
13.39
7.77
9.45
As at
31 Mar 2011
As at
31 Mar 2010
10.69
12.00
6.93
8.46
(i)
(ii)
(iv)
(v)
(vi)
4.21
3.94
59.40
59.41
37,72,07,200 37,72,07,200
` 34,671.40 ` 27,174.40
3.76
3.54
11.98
13.39
7.77
9.45
4.21
3.94
59.40
59.41
` 7,497.00*
(ix)
` 20,016.40
` 19,466.40
(x)
` 4952.42**
` 4,805.96
(xi)
* ) ` 1,000 , ,
26 2010 ,
.
) ` 6,497 2010 2011
.
**
, 26 2010
, ` 165 .
#
` 2,000 , ` 550
,
-I .
2.
) ` 1,000
` 5,000
. ` 10/-
.
) - 2008 85,856
` 10 1,741
` 1,580/-
` 27,68,190 ` 27,68,190/-
` 17,410/-
` 27,50,780 .
,
1,14,606
` 11,46,060
.
) ` 10
84,115 ( 85,856)
.
` 34,671.40
` 27,174.40
` 7,497.00*
Nil
` 20,016.40
` 19,466.40
` 4952.42**
` 4,805.96
a.
b.
**
173
37,72,07,200 37,72,07,200
Share capital:
a)
During the year, the authorised share capital of the Bank
is increased from ` 1,000 crores to ` 5,000 crores divided
into five hundred crores shares of ` 10/- each.
b)
During the year, the Bank has allotted 1,741 equity shares
of ` 10/- each for cash at a premium of ` 1,580 per equity
share aggregating to ` 27,68,190 out of 85,856 shares kept
in abeyance under Right Issue - 2008. Out of the total
subscription of ` 27,68,190 received, ` 17,410 was transferred to Share Capital Account and ` 27,50,780/- to
Share Premium Account. Further, 1,14,606 shares of
` 10 each were allotted to the share holders of erstwhile
State Bank of Indore upon its merger with State Bank of
India and ` 11,46,060 was transferred to Share Capital
Account.
c)
3.
I
:
31.03.11
31.03.10
15.02.2007
` 1,783.80 ` 1,795.71
12 *
10-25
400
25.06.2007
` 1,003.62 ` 1,010.25
14 #
10 1
225
` 2,787.42 ` 2,805.96
625
* 15.05.2017 ,
.
# 27.06.2017 ,
.
.
3.
Hybrid Bonds:
The details of bonds issued in foreign currency, which qualify for
Hybrid Tier I Capital and outstanding are as under:
Particulars
Bonds issued under
Date
of Issue
15.02.2007
` 1,783.80 ` 1,795.71
million
10-25 years
25.06.2007
Non Call
14th Series#
10 years
1 day
Total
12th Series*
Bonds issued under
Tenor
` 1,003.62
` 1,010.25
` 2,787.42
` 2,805.96
million
USD 625
million
If the Bank does not exercise call option by 15th May 2017, the interest rate
will be raised and fixed rate will be converted to floating rate.
#
If the Bank does not exercise call option by 27th June 2017, the interest rate
will be raised and fixed rate will be converted to floating rate.
These bonds are listed in Singapore stock exchange.
18.2 :
1.
- :
31 2011 31 2010
1.
i)
()
2,86,732.72 2,88,076.73
()
10,221.32
8,409.19
ii)
()
1,145.72
513.14
()
207.75
187.58
III)
()
2,85,587.00 2,87,563.59
()
10,013.57
8,221.61
2.
-
i)
700.72
1,727.63
ii) :
3.77
iii) :
670.76
359.37
iv) :
(2.23)
38.92
v) :
24.01
1,347.36
vi)
1,353.47
700.72
18.2 Investments
1.
The Details of investments and the movement of provisions held
towards depreciation on investments of the Bank are given below:
Particulars
1. Value of Investments
i) Gross value of Investments
(a) In India
(b) Outside India
ii) Provisions for Depreciation
(a) In India
(b) Outside India
iii) Net value of Investments
(a) In India
(b) Outside India
2. Movement of provisions held towards
depreciation on investments
i) Opening Balance
ii) Add: Addition on account of
acquisition of e-SBS
iii) Add: Provisions made during the year
iv) Less: Provisions utilised during the year
v) Less: Write back of excess provision
during the year.
vi) Closing balance
As at
As at
31-Mar-2011 31-Mar-2010
2,86,732.72
10,221.32
2,88,076.73
8,409.19
1,145.72
207.75
513.14
187.58
2,85,587.00
10,013.57
2,87,563.59
8,221.61
700.72
1,727.63
3.77
670.76
(2.23)
359.37
38.92
24.01
1,353.47
1,347.36
700.72
Notes:
a.
Investments exclude securities utilised under Liquidity Adjustment Facility
(LAF) with RBI ` 27,000 crores (Previous Year Nil).
b.
Investments amounting to ` 11,117 crores (Previous Year ` 11,000 crores)
are kept as margin with RBI/Clearing Corporation of India Limited towards
Real Time Gross Settlement / Securities Settlement (RTGS/NDS).
c.
Bank sold it's stake in SBI DFHI Limited having book value of ` 88.53 crores
for a sale price of ` 176.96 crores.
d.
As per RBI Circular Numbered DBOD No. BP.BC.58/21.04.141/2010-11 dated
4/11/2010, the Bank with effect from 1st January 2011, changed the method
of accounting for investments in Government Securities (Gsec) to "Settlement
Date Accounting" as against "Trade Date Accounting" previously. As a result
the profits from Gsec is less by ` 1,60,000 in Financial Year 2010-11.
e.
Effective, 1st April 2010, securities sold under agreements to repurchase
(Repos) and securities purchased under agreements to resell (Reverse
Repos), excluding transactions conducted under Liquidity Adjustment
Facility with RBI, are reflected as borrowing and lending transactions
respectively in accordance with RBI guidelines under reference RBI/200910/356 IDMD/4135/11.08.43/2009-10 dated 23rd March 2010 on Uniform
Accounting for Repo/ Reverse Repo Transactions. In the previous period,
these transactions were recorded under investments as sale and purchase
transactions respectively. This change in accounting has no impact on the
profitability of the Bank.
:
.
` 27,000 ( ).
. ` 11,117 ( ` 11,000 ) /
. - /
(/) .
. ` 88.53 ,
` 176.96 .
. 04.11.2011 . /
21.04.141/2010-11 1 2011
`` '' ``
'' . 2010-11
` 1,60,000 .
. 1 2010
() (
)
23 2010 /2009-10/
356//4135/11.08.43/2009-2010
: .
174
/ ` 612.19
/
. .
57.00
( )
538.49
. .
16.68
.
0.02
612.19
2.
During the year, the Bank has infused additional capital of ` 612.19 crores
in following Subsidiaries/Joint Ventures/Associates:-
f.
Amount
.
/ /
..
2.00
. . .
2.30
. . .
0.01
4.31
/ Repo Transactions
:
57.00
538.49
16.68
0.02
612.19
During the year, the Bank has infused fresh investment in the following
companies :Name of the JV/Associate
Amount
2.00
2.30
0.01
Total
4.31
The details of securities sold and purchased under repos and reverse repos during the year are given below:
/ Particulars
Securities sold under repos
i)
i) Government securities
ii)
ii) Corporate debt securities
Minimum outstanding
during the year
Maximum outstanding
during the year
Balance as on
year end
()
()
()
()
()
43,500.00
(7249.37)
7,015.62
(241.63)
27,000.00
()
()
()
()
()
()
()
i)
()
i) Government securities
()
12,000.00
(74,295.69)
()
126.03
(25,253.38)
0.00
(0.00)
()
()
()
ii)
()
( ) / (Figures in brackets are for Previous Year)
ii) Corporate debt securities
3.
- ( )
Non-SLR Investment Portfolio
) - ( ) - :
(a) Issuer composition of Non SLR Investments :
- ( ) - :
The issuer composition of Non-SLR investments of the Bank is given below:
/ Issuer
No.
(i)
(ii)
/ PSUs
/ FIs
(iii)
/ Banks
(iv)
Private Corporates
(v)
/ **
(vi)
(vii)
m
Provision held towards
depreciation
/ Total
/ Previous Year
*
**
*
**
` '
*
` '
*
`'
*
Amount
Extent of Private
Placement
Extent of `Unlisted'
Securities *
13,513.06
(16,024.10)
4,610.16
(2,957.68)
8,952.92
(14,299.17)
8,160.26
(6,483.08)
6,461.33
(5,692.16)
23,542.88
(23,026.93)
805.20
979.87
(3,699.26)
3,540.41
(2,204.78)
4,833.61
(11,892.98)
2,744.83
(1,050.11)
50.00
(176.61)
Extent of `Unrated'
Securities *
()
(439.07)
64,435.41
(68,044.05)
()
(392.88)
()
12,098.72
(19,240.01)
(592.59)
66.80
(30.25)
22.30
(23.17)
0.40
(22.61)
44.37
(56.10)
400.81
(377.31)
50.25
(27.56)
0.41
(874.50)
126.41
(146.14)
596.06
(1,023.60)
()
()
()
139.47
(81.94)
28.40
19,099.25
(1,079.50)
109.80
18,276.04
(561.61)
67.20
(25.99)
250.17
(878.57)
(79.13)
19,435.03
(1,456.39)
(57.47)
18,982.15
(2,575.94)
/ - - .
` 18,230.00 ( ` 17,833.89 ).
Investment in Equity, Equity Oriented Mutual Funds, Venture Capital, Rated Assets Backed Securities, Central Government Securities and pass through
certificates have not been segregated under these categories, as these are not covered under relevant RBI Guidelines.
Investments in Subsidiaries/Joint Ventures have not been segregated into various categories as these are not covered under relevant RBI Guidelines. Other
investments include deposits with NABARD under RIDF Deposit Scheme amounting to ` 18,230.00 crores (Previous Year ` 17,833.89 crores).
175
) - ( )
332.80
598.22
8.24
25.02
12.64
290.44
328.40
332.80
304.10
323.50
18.3 :
) /
31 2011 31 2010
i)
105,850.77 93,984.43
ii)
1,330.75
1,355.92
iii)
iv) -
v) -
671.95
266.49
) () - -
.
1
() -
-
1,26,409.89
56,935.76
10
2.00
431.57
2
31 2011 ()
- -
10
3
() -
-
`` ''
4
() -
-
`` '' .
b)
Current Year
332.80
8.24
12.64
328.40
304.10
Previous Year
598.22
25.02
290.44
332.80
323.50
18.3 Derivatives
a) Forward Rate Agreements / Interest Rate Swaps
Particulars
As at
As at
31-Mar-2011
31-Mar-2010
i) The notional principal of swap
agreements
105,850.77
93,984.43
ii) Losses which would be incurred if
counterparties failed to fulfil their
obligations under the agreements
1,330.75
1,355.92
iii) Collateral required by the Bank upon
entering into swaps
Nil
Nil
iv) Concentration of credit risk arising from
the swaps
Not significant Not significant
v) The fair value of the swap book
671.95
266.49
b) Exchange Traded Interest Rate Derivatives
Sr. No. Particulars
Current Year
1
Notional principal amount of
exchange traded interest rate
derivatives undertaken during
the year
A Interest Rate Futures
1,26,409.89
B 10 Year Government of
India Security
2.00
2
Notional principal amount of
exchange traded interest rate
derivatives outstanding as on
31st March 2011
A Interest Rate Futures
Nil
B 10 Year Government of
India Security
Nil
3
Notional principal amount of
exchange traded interest rate
derivatives outstanding and
not "highly effective"
N.A.
4
Marked-to-market value of
exchange traded interest rate
derivatives outstanding and
not "highly effective".
N.A.
)
()
i. ()
.
, ,
.
, ,
- .
.
- , -
-
. -
- -
. .
-
, - .
ii. , /
/ -
, ,
,
.
`` '' (
, , , , 01, )
.
( , ) .
-
.
iii. -
() . -
( )
() ,
,
c)
Previous Year
56,935.76
431.57
Nil
Nil
N.A.
N.A.
176
()
() -
.
iv. -
, 2010-11
() : 17 .
v. :
- .
vi. - , ,
-,
, : ()
- , .
vii.
.
) : B) Quantitative Disclosures :
Particulars
(i)
(ii)
(iii)
(iv)
(v)
#
$
**
1.
2.
3.
4.
#
$
**
1.
2.
3.
4.
( )
Derivatives (Notional Principal Amount)
/a) - / For hedging
/b) - / For trading**
-
Marked to Market Positions
/a) / Asset
/b) / Liability
/ Credit Exposure
(100* 01)
Likely impact of one percentage change in interest rate (100* PV01)
/a) - / on hedging derivatives
/b) - / on trading derivatives
100* 01
Maximum and Minimum of 100* PV 01 observed during the year
/a) - / on hedging
Maximum
Minimum
/b) - / on trading
Maximum
Minimum
Currency Derivatives
Interest Rate Derivatives
Current Year
Previous Year
Current Year
Previous Year
5,902.99
3,63,233.01$
4,134.16
52,802.42
32,263.98
73,586.79#
18,116.55
75,867.88
271.66
89.91
17,143.23
6,030.89
33.74
3.58
2,393.00
59.52
8.95
2,510.40
114.90
30.44
12.45
171.19
740.32
(8.44)
2,104.37
(37.35)
109.35
35.94
13.39
0.07
751.04
187.44
2,107.30
2,704.05
24.49
(17.16)
187.00
(0.10)
15.71
(46.86)
24.80
(83.24)
` 5,035.67 / .
.
` 6,865.62
.
.
31.03.2011 ` 11,901.29 31 2011
` 29,379.83 .
, - , 31 2011 /, -
, ` 45,525.15 .
: 31 2011 ` 983.30 .
(, ) `` '' . 31 2011
` ' : . 31.03.2011 ` 184.14
, .
IRS/FRA amounting to ` 5,035.67 crores entered with the Bank's own offices are not shown here as they are for hedging of FCNB corpus and hence not marked
to market.
The swaps amounting to ` 6,865.62 crores entered with the Bank's own foreign offices are not shown here as they are for hedging of FCNB corpus and hence
not marked to market.
The forward contract deals with the Bank's own offices are not included.
The outstanding notional amount of derivatives done between Global Markets department and International Banking Group department as on 31st March 2011
amounted to ` 11,901.29 crores and the derivatives done between SBI Foreign Offices as on 31st March 2011 amounted to ` 29,379.83 crores.
The outstanding notional amount of interest rate derivatives which are not marked to market where the underlying Assets/Liabilities are not marked to market
as on 31st March 2011 amounted to ` 45,525.15 crores
Credit Default Swap : Outstanding as on 31st March 2011 amounted to ` 983.30 crores.
All Credit Derivatives (CDS, CLN and CDO) were hitherto categorized under Held to Maturity (HTM) category. During the financial year ended 31st March 2011,
the entire Credit Derivative portfolio has been re- categorised under Available for Sale (AFS) category and has been marked to market (MTM). MTM loss as on
31st March 2011 amounts to ` 184.14 crores which has been fully provided for.
177
18.4 -
)
a) Non-Performing Asset
31 2011 31 2010
i) (%) 1.63%
ii) - ()
()
19,534.89
() ( ) 18,145.70
- (i)
37,680.59
() 4,499.10
() (
)
3,848.35
() 4,006.85
- (II)
() (I - II)
iii) -
()
()
()
(.)
Particulars
As at
31-Mar-2011
As at
31-Mar-2010
1.63%
1.72%
19,534.89
15,714.00
15,714.00
11,842.84
11,842.84
27,556.84
3,972.37
i)
1.72%
2,059.10
1,990.48
12,354.30
8,021.95
25,326.29
19,534.89
10,870.17
6,815.83
5,339.10
12,346.90
9,677.42
6,135.24
4,942.49
10,870.17
iv) -
()
8,664.72
()
11,329.87
() / 7,015.20
()
12,979.39
6,036.58
5,707.61
3,079.47
8,664.72
37,680.59
27,556.84
4,499.10
3,972.37
3,848.35
2,059.10
4,006.85
1,990.48
12,354.30
8,021.95
25,326.29
19,534.89
10,870.17
9,677.42
6,815.83
6,135.24
5,339.10
4,942.49
12,346.90
10,870.17
8,664.72
6,036.58
11,329.87
5,707.61
3,079.47
8,664.72
/ : ` 21.53
` 25.38 .
) :
31 2011 64.95%
( 59.23%).
Opening and closing balances include DICGC / ECGC claims received and
held pending adjustment of ` 21.53 crores and ` 25.38 crores respectively.
b) Provisioning Coverage Ratio:
The Provisioning to Gross Non-Performing Assets ratio of the Bank as on
31st March 2011 is 64.95% (Previous Year 59.23%).
) 01.04.2010 31.03.2011
c)
Details of Loan Assets subjected to Restructuring during the period from 1st April 2010 to 31st March 2011
Particulars
Particulars
No. of Borrowers
Amount outstanding
( m)
Sacrifice (diminution in the fair value)
No. of Borrowers
Amount outstanding
( m)
Sacrifice (diminution in the fair value)
No. of Borrowers
Amount outstanding
( m)
Sacrifice (diminution in the fair value)
TOTAL
No. of Borrowers
Amount outstanding
( m)
Sacrifice (diminution in the fair value)
178
CDR Mechanism
Others
Total
25
(30)
133
(602)
10,277
(3,035)
10,435
(3,667)
752.37
(2,793.14)
369.42
(1,020.53)
3,578.37
(13,043.42)
4,700.16
(16,857.09)
183.70
(340.66)
5.14
(11.71)
272.23
(156.55)
461.07
(508.92)
4
(1)
33
(76)
285
(90)
322
(167)
223.21
(72.49)
14.60
(10.47)
567.75
(1,755.44)
805.56
(1,838.40)
29.03
(7.56)
1.29
(0.15)
13.57
(146.05)
43.89
(153.76)
(-)
17
(15)
20
(21)
37
(36)
(-)
30.05
(9.44)
122.28
(294.30)
152.33
(303.74)
(-)
0.57
(0.03)
1.08
(12.54)
1.65
(12.57)
29
(31)
183
(693)
10,582
(3,146)
10,794
(3,870)
975.58
(2,865.63)
414.07
(1,040.44)
4,268.40
(15,093.16)
5,658.05
(18,999.23)
212.73
(348.22)
7.00
(11.89)
286.88
(315.14)
506.61
(675.25)
) () / ()
i)
3
ii) / (/)
( )
iii)
26.82
iv)
v) / ()
26.82
) :
1) () .
()
2) ()
()
) :
( )
(` )
vi. (` )
e)
3
10.40
14.00
3.60
f)
1) .
4
3
2)
103.23
23.84
3)
47.98
14.00
) :
-
:
31 2011 31 2010
3,336.08*
2,292.72
* ` 106.12
) :
i.
ii.
iii.
iv.
v.
d)
6.96%
1.35%
2.17%
0.71%
6.80%
1.43%
1.75%
0.88%
70,465
384.63
63600
446.03
g)
Nil
Nil
Nil
Nil
Previous Year
3
23.84
14.00
h)
Previous Year
3,336.08*
2,292.72
Previous Year
i.
6.96%
6.80%
1.35%
1.43%
2.17%
0.71%
1.75%
0.88%
70,465
384.63
63,600
446.03
) : 31 2011
i)
Asset Liability Management: Maturity pattern of certain items of assets and liabilities as at 31st March 2011
2 7
8 14
2 to 7 days
8 to 14 days
24,992.66
(19,136.97)
21,696.53
(23,515.23)
20,849.71
(27,061.73)
15,202.16
(20,483.98)
45,801.60
(43,403.06)
88,669.77
(64,260.77)
1,20,303.13
(90,342.06)
2,77,716.71
(2,62,985.18)
1,61,534.99
(1,35,539.12)
1,57,165.55
(1,17,388.13)
9,33,932.81
(8,04,116.23)
46,944.31
(43,973.66)
7,543.86
(12,572.36)
25,432.64
(39,713.35)
8,835.11
(8,888.53)
48,819.28
(33,914.61)
31,407.67
(35,494.45)
27,303.96
(27,616.38)
3,54,683.76
(2,75,367.66)
69,728.43
(59,944.08)
1,36,020.43
(94,429.07)
7,56,719.45
(6,31,914.15)
0.00
(135.56)
1,189.00
(245.22)
739.57
(219.57)
2,289.27
(2,420.39)
4,201.94
(11,445.52)
11,196.27
(11,438.82)
6,540.61
(10,995.02)
56,742.58
(51,770.22)
52,689.05
(59,533.46)
1,60,012.28
(1,47,581.42)
2,95,600.57
(2,95,785.20)
2,763.15
(3,569.92)
10,484.15
(12,079.20)
2,953.07
(2,786.39)
4,903.26
(4,802.38)
17,474.77
(19,350.31)
8,776.92
(10,058.28)
10,349.74
(5,485.78)
5,690.22
(6,793.20)
15,204.41
(5,535.16)
40,969.26
(32,550.98)
1,19,568.95
(1,03,011.60)
32,391.28
(30,336.67)
1,405.38
(1,154.84)
2,594.40
(3,140.20)
6,150.93
(6,536.37)
27,064.10
(25,802.73)
16,092.55
(24,648.61)
10,475.55
(9,814.20)
17,608.64
(15,229.77)
20,757.39
(14,071.49)
20,783.93
(11,433.65)
1,55,324.15
(1,42,168.53)
20,911.86
(18,796.82)
7,223.70
(5,661.65)
4,167.90
(3,980.66)
7,406.10
(6,970.08)
23,216.44
(27,311.98)
15,506.06
(20,193.38)
22,613.11
(20,468.81)
15,046.29
(15,065.98)
20,065.97
(9,552.04)
5,527.71
(946.74)
1,41,685.14
(1,28,948.14)
1 day
Deposits
Advances
Investments
-
Borrowings
Foreign Currency Assets
Foreign Currency Liabilities
15 28
15 to 28 days
29
3
29 days to
3 months
( 31 2010 )
(Figures in brackets are as at 31st March 2010)
179
3 6 1 3 5
6 1 3 5 Over 5 years
TOTAL
Over 3 months Over 6 months Over 1 year & Over 3 years &
& upto 6 months & upto 1 year upto 3 years upto 5 years
40,267.48
42,087.72
4.31%
5.24%
65,236.21
1,89,991.50
8.45%
29.68%
) -
/ - 2,07,277.40
/ -
/ -
17.10%
)
-
)
.
1
2
3
4
( , )
j)
Concentration of Deposits
Particulars
Current Year Previous Year
Total Deposits of twenty largest depositors
40,267.48
42,087.72
Percentage of Deposits of twenty largest depositors
to Total Deposits of the Bank
4.31 %
5.24%
k)
Concentration of Advances
Particulars
Current YearPrevious Year
Total Advances to twenty largest barrowers
65,236.21 1,89,991.50
Percentage of Advances to twenty largest borrowers
to Total Advances of the Bank
8.45 %
29.68%
l)
Concentration of Exposures
Particulars
Current YearPrevious Year
Total Exposure to twenty largest borrowers/customers 2,07,277.40 1,91,017.34
Percentage of Exposures to twenty largest barrowers/
customers to Total Exposure of the Bank
on borrowers/customers
17.10%
20.81%
1,91,017.34
20.81%
730.27
940.61
m) Concentration of NPAs
Particulars
Total Exposure to top four NPA accounts
n)
6.74%
2.80%
2.93%
2.54%
) ,
.
1
1,41,348.97
2
2,265.91
3
5,576.48
2.60%
3.89%
3.91%
2.90%
o)
1,23,263.30
1,698.59
4,717.57
p)
) ()
()
Sector
Total Assets
Total NPAs (Gross)
Total Revenue
Amount
Current Year Previous Year
1,41,348.97
1,23,263.30
2,265.91
1,698.59
5,576.48
4,717.57
Current Year
Previous Year
18.5 Exposures
The Bank is lending to sectors which are sensitive to asset price
fluctuations.
a) Real Estate Sector
18.5 -
, -
.
)
31 2011 31 2010
) -
i)
1,14,199.40
72,983.57
` 20
73,628.78
47,406.27
ii)
14,011.31
13,440.36
iii) ()
- :
186.73
108.91
)
164.86
96.43
)
21.87
12.48
-
()
()
- -
6,226.05
592.32
1,34,623.49
87125.16
Particulars
As at
As at
31-Mar-2011 31-Mar-2010
Direct exposure
i)
ii)
1,14,199.40
72,983.57
Residential Mortgages
73,628.78
47,406.27
14,011.31
13,440.36
186.73
108.91
164.86
96.43
21.87
12.48
Indirect Exposure
Fund based and non-fund based
exposures on National Housing Bank (NHB)
and Housing Finance Companies (HFCs)
Total
180
6,226.05
592.32
1,34,623.49
87,125.16
b)
31 2011 31 2010
1) , ,
-
-
,
8,868.34
2) //
(/ )
,
()
10.22
3)
.
0.39
4)
/ / /
-
.
33.67
5)
- ( )
773.95
6)
//
40.11
7) /
0.01
8)
.
9) -
10) - -
( - )
608.61
-
10,335.30
6,771.29
20.67
Capital Market
Particulars
1)
2)
3)
4)
5)
6)
7)
8)
1.66
199.07
442.21
14.70
70.00
As at
As at
31-Mar-2011 31-Mar-2010
8,868.34
6,771.29
10.22
20.67
0.39
1.66
33.67
199.07
773.95
442.21
40.11
14.70
0.01
70.00
375.73
7,895.33
608.61
375.73
10,335.30
7,895.33
-
- , - .
( ) 1% .
c)
Country-Risk Categorywise
As per the extant RBI guidelines, the country where exposure of the Bank is categorised into various risk categories listed in the following table. The country
exposure (net funded) of the Bank for any country does not exceed 1% of its total assets except on USA and hence provision for the country exposure on
USA has been made.
- ()
Risk Category
Exposure (net)
Provision held
/ Insignificant
/ Low
/ Moderate
/ HIgh
/ Very HIgh
/
Restricted / Off-Credit
/ Total
31 2011
31 2010
31 2011
31 2010
As at 31-Mar-2011
As at 31-Mar-2010
As at 31-Mar-2011
As at 31-Mar-2010
901.43
871.65
/ Nil
53,241.04
47,689.14
23.68
39.12
11,252.64
7,286.76
1,773.20
4,158.92
2,206.31
2,512.50
/ Nil
/ Nil
/ Nil
/ Nil
/ Nil
/ Nil
4,098.94
11.19
/ Nil
/ Nil
73,473.56
62,530.16
23.68
39.12
181
/ Nil
- :
d)
Single Borrower and Group Borrower exposure limits exceeded by the Bank :
- :
The Bank had taken single borrower exposure in excess of the prudential limit in the cases given below :
( )
Exposure ceiling
Limit Sanctioned
(Peak Level)
13,646.26
15,815.48
14,072.02
15,819.86
14,222.02
15,455.80
22,743.77
25,295.90
23,453.37
25,003.97
23,703.37
25,629.76
13,646.26
16,544.75
.
Bharat Heavy
14,072.02
16,570.90
Electricals Limited
14,222.02
16,593.51
)
i) , ,
,
.
ii)
( (i) )
Period during which limit
exceeded
31 2010
1,35,885.59
795.72
4,114.30
18.6
) :
:
31 2011 31
7,927.41
)
` 0.13 - ( - ` 1.45 )
) - :
31 2011 31
1,275
70
30,904
31,425
824
) :
4
86
83
7
5,645.44
21,433.80
12,046.24
Unsecured Advances
Particulars
a)
i)
ii)
f)
) :
. 31 2011
` 1411.20 ( ` 199.16 )
. .
Outstanding
as on 31.03.11
e)
31 2011
1,53,018.58
31.03.11
As at
As at
31 Mar 2011 31 Mar 2010
1,53,018.58
1,35,885.59
795.72
4,114.30
18.6 Miscellaneous
a) Withdrawal from Reserves
During the year, the bank has withdrawn following amount from the
Reserves:
2010
Particulars
b)
c)
2010
1,150
Particulars
As at
As at
31-Mar-2011 31-Mar-2010
7,927.41
As at
As at
31-Mar-2011 31-Mar-2010
30,735
30,610
1275
d)
1
19
16
4
182
1,275
70
30,904
31,425
824
1,150
30,735
30,610
1275
Current
Year
Previous
Year
86
83
7
19
16
4
Nil
) , 2006 ,
,
.
) 2010 - 11 - /
. .
210.04
212.28
. .
7.24
11.58
. .
1.14
- . .
0.06
- .
1.74
-
0.84
-
221.06
223.86
e)
With regard to disclosures relating to Micro, Small & Medium Enterprises under
the Micro, Small & Medium Enterprises Development Act, 2006, there have been
no reported cases of delayed payments or of interest payments due to delay in such
payments to Micro, Small & Medium Enterprises.
f)
)
.
g)
18.7
) -
i.
:
-
1 2010
21,715.61 19,328.72 3,889.14 3778.18
484.00
- 120.47
892.28
869.21 144.38
145.25
1,890.02 1,564.00 303.80
298.82
()
- 425.00
( )
7,927.41
( )
1,306.70
- 675.00
( )
1,188.70 1,242.37 731.32 (99.38)
(744.75) (1,288.69) (471.92) (233.73)
(780.67)
31 2011
33,879.30 21,715.61 5817.19 3,889.14
1 2010
14,714.83 13,710.13 3,811.28 3,746.73
1,096.81
484.00
- 120.47
615.48
1,215.25
- 312.28
290.39
848.12
347.98 328.20
(744.75) (1288.69) (471.92) (233.73)
282.65
233.12
1.94
7.89
31 2011
16,800.10 14,714.83 4,102.25 3,811.28
31 2011
33,879.30 21,715.61 5817.19 3,889.14
31 2011
16,800.10 14,714.83 4,102.25 3,811.28
/ ( )
17,079.20 7,000.78 1,714.94
77.86
()
- 400.00
/ ()
17,079.20 7,000.78 1,314.94
77.86
NTUC
0.84
TOTAL
221.06
223.86
Penalty for Bouncing of SGL forms
No penalty has been levied on the Bank for bouncing of SGL Forms.
Pension Plans
Gratuity
Current Previous Current Previous
Year
Year
Year
Year
183
3,778.18
869.21
1,564.00
-
120.47
144.38
303.80
425.00
145.25
298.82
-
1,242.37
(1,288.69)
-
675.00
731.32
(471.92)
-
(99.38)
(233.73)
-
21,715.61 5,817.19
3,889.14
13,710.13 3,811.28
3,746.73
1,096.81
615.48
347.98
(1,288.69)
120.47
312.28
328.20
(471.92)
290.39
(233.73)
233.12
1.94
7.89
14,714.83 4,102.25
3,811.28
21,715.61 5,817.19
3,889.14
14,714.83 4,102.25
7,000.78 1,714.94
3,811.28
77.86
400.00
7,000.78 1,314.94
77.86
3,889.14
Net Liability/(Asset)
19,328.72 3,889.14
17,079.20
42.00
1.37
100.00
100.00
;
8.50%
8.50% 8.50%
8.00%
8.00%
8.00% 8.00%
8.00%
5.00%
5.00% 5.00%
5.00%
, , , ,
- .
/
.
- .
Particulars
Pension Plans
Gratuity
Current Previous Current Previous
Year
Year
Year
Year
Assets
16,800.10 14,714.83 4,102.25
Net Liability / (Asset) recognised
in Balance Sheet
17,079.20 7,000.78 1,714.94
Unrecognised Past Service Cost
(Vested) Closing Balance
400.00
Unrecognised Transitional
Liability Closing Balance
Net Liability/(Asset)
17,079.20 7,000.78 1,314.94
Net Cost recognised in the
profit and loss account
Current Service Cost
892.28
869.21
144.38
Interest Cost
1,890.02 1,564.00
303.80
Expected return on plan assets
(1,215.25) (1,096.81) (312.28)
Past Service Cost (Amortised)
Recognised
25.00
Past Service Cost (Vested Benefit)
Recognised
675.00
Net actuarial losses (Gain) recognised
during the year
906.05 1,009.25
729.38
Total costs of defined benefit plans
included in Schedule 16 Payments
to and provisions for employees 2,473.10 2,345.65 1,565.28
Reconciliation of expected return
and actual return on Plan Assets
Expected Return on Plan Assets
1,215.25 1,096.81
312.28
Actuarial Gain/ (loss) on Plan Assets 282.65
233.12
1.94
Actual Return on Plan Assets
1,497.90 1,329.93
314.22
Reconciliation of opening and
closing net liability/ (asset)
recognised in Balance Sheet
Opening Net Liability
as at 1st April 2010
7,000.78 5,618.59
77.86
Expenses as recognised in profit
and loss account
2,473.10 2,345.65 1,565.28
Liability on account of
acquisition of e SBIN
Assets on account of
acquisition of e SBIN
Paid by Bank Directly
(780.67) (615.48)
Debited to Other Provision
1,306.70
Recognised in Reserve
7,927.41
Employers Contribution
(848.12) (347.98) (328.20)
Net liability/(Asset) recognised
in Balance Sheet
17,079.20 7,000.78 1,314.94
3,811.28
77.86
77.86
145.25
298.82
(290.39)
(107.27)
46.41
290.39
7.89
298.28
31.45
46.41
77.86
Category of Assets
Central Govt. Securities
State Govt. Securities
Corporate Bonds
FDR / TDR with Bank
Bank Deposits
Insurer Managed Funds
Others
Total
Principal actuarial assumptions:
Particulars
Pension Plans
Gratuity Plans
Current Previous Current Previous
Year
Year
Year
Year
Discount Rate
8.50%
8.50%
8.50%
8.00%
Expected Rate of return on
Plan Asset
8.00%
8.00%
8.00%
8.00%
Salary Escalation
5.00%
5.00%
5.00%
5.00%
The estimates of future salary growth, factored in actuarial valuation, take
account of inflation, seniority, promotion and other relevant factors such as
supply and demand in the employment market. Such estimates are very long
term and are not based on limited past experience / immediate future.
Empirical evidence also suggests that in very long term, consistent high salary
growth rates are not possible, which has been relied upon by the auditors.
184
ii.
( 2005 )
- 15 - ,
.
. ,
. ` 854.90 ( ` 351.59 )
`` ''
.
iii.
01 2010 /
` 11.75 ( - ) .
iv. -
` 775.74 ( ` 151.24 )
`` '' .
, - :
. -
ii.
()
581.80
107.54
2
( / )
41.96
29.14
3
70.09
12.84
4
35.03
2.47
5
-8.74
-7.99
6
11.20
5.06
7
44.40
2.18
775.74
151.24
18.8
31 2011 ,
, ` 11,707 .
///16165/21.04.018/2010-11 18 2011
` 1,306.70
` 7,927.41
` 7,927.41
` 2,473
15
` 10,400.30
15 ` 7,927.41
18.9
31 2011
, , ` 1965 .
` 865
` 700
` 400
, ....80/
21.04.018/2010-11 09.02.2011
. 15 ` 1,965
15
` 400
18.10
1.
) ( )
:-
- /
-
-
-
. ,
,
- :
) -
. : -
1
2
3
4
5
6
7
Current
Year
Prevous
Year
581.80
107.54
41.96
70.09
35.03
(8.74)
11.20
44.40
775.74
29.14
12.84
2.47
(7.99)
5.06
2.18
151.24
185
/ .
) / - /
,
- .
.
- .
) -
.
-
. .
) - () ()
.
) ( )
i) - /
ii) - /
) - -
- . /
. - ()
, ( )
. ( ) ,
.
) ,
/
, .
/
.
, : .
B)
C)
D)
/ Segment Information
: ( ) Part A :Primary (Business segments)
2.
Business Segments
#
Revenue #
#
Unallocated Revenue #
Total Revenue
#
Result #
(+)/ (-) -#
Unallocated Income (+) /
Expenses(-) - net #
#
Operating Profit #
#
Tax #
#
Extraordinary Profit #
#
Net Profit #
:
Other Information :
*
Segment Assets *
*
Unallocated Assets *
*
Total Assets *
*
Segment Liabilities *
*
Unallocated Liabilities *
*
Total Liabilities *
(
Treasury
Corporate/Wholesale
Banking
Retail
Banking
Other
Banking Operations
Elimination
Total
21,665.06
(22,054.89)
32,935.11
(26,196.28)
42,062.69
(37,158.24)
(-)945.27
(4,666.00)
5,496.53
(4,755.35)
12,679.45
(6,491.25)
96,662.86
(85,409.41)
556.10
(552.66)
97,218.96
(85,962.07)
17,230.71
(15,912.60)
-2,276.48
((-) 1,986.52)
14,954.23
(13,926.08)
6,689.71
(4,760.03)
8,264.52
(9,166.05)
3,10,524.60
(3,12,395.60)
3,81,320.36
(3,05,469.17)
5,22,699.76
(4,28,690.99)
1,62,149.37
(1,65,998.92)
3,67,495.28
(2,94,696.86)
5,85,015.30
(4,91,939.42)
186
12,14,544.72
(10,46,555.76)
9,191.48
(6,857.97)
12,23,736.20
(10,53,413.73)
11,14,659.95
(9,52,635.20)
44,090.21
(34,829.33)
11,58,750.16
(9,87,464.53)
: ( )
Part B : Secondary (Geographic Segments)
Domestic
Current Year
Previous Year
Revenue #
Assets *
* 31 2011
As at 31st March 2011
91,642.48
Foreign
Current Year
Previous Year
Total
Current Year
Previous Year
81,244.50
5,576.48
4,717.57
97,218.96
85,962.07
10,82,387.23
9,30,150.43
# 31 2011
For the year ended 31st March 2011
1,41,348.97
1,23,263.30
12,23,736.20
10,53,413.73
18.11
1
.
i.
1.
2.
3. (25.08.2010 )
4.
5.
6.
7. .
18.11
SUBSIDIARIES
i.
1.
2.
3.
4.
5.
6.
7.
ii.
1.
2.
3.
4.
5.
6.
iii.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12
13.
14.
() .
()
().
,
.
-
. .
.
.
. .
. .
. .
.
.
- . .
.
.
.
ii.
1.
iv.
1.
2.
3.
-
() .
() .
.
iv.
2.
3.
4.
5.
6.
2.
3.
4.
5.
6.
7.
8.
9.
.
1. .
2. - .
3. . .
4. .
5. . .
6. . .
B.
2.
3.
187
1.
2.
3.
4.
5.
6.
7.
8.
- . .
- . .
.
i.
1
2
3
4
5
6
7 ( - )
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
ii.
1.
2.
3.
4.
.
1.
2.
3.
2.
C.
8.
ASSOCIATES
i.
1.
2.
3.
4.
5.
6.
7.
8.
9.
.
.
.. . (15.03.2011)
7.
ii.
D.
.. , (31.03.2011 )
. . , (31.10.2010 )
. ,
2.
-
() 18 9 `` - ''
. ,
18 5
- .
:
1. - .
2. ..
3. . .
4. .
5. . .
6. . .
7. .
8. - . .
9. - . .
10. .
11. .. .(15.03.2011 )
12. .., (31.03.2011 )
13. . . , (31.10.2010 )
14. . ,
Others
1.
2.
3.
4.
2.
3.
Parties with whom transactions were entered into during the year
No disclosure is required in respect of related parties, which are Statecontrolled Enterprises as per paragraph 9 of Accounting Standard (AS)
18. Further, in terms of paragraph 5 of AS 18, transactions in the nature
of Banker-Customer relationship are not required to be disclosed in
respect of Key Management Personnel and relatives of Key Management
Personnel. Other particulars are as under:
1.
2.
3.
4.
5.
6.
7.
8.
9.
188
3. :
3. Transactions and Balances :
Particulars
Associates/
Joint Ventures
Key Management
Personnel & their relatives
51.95
(112.84)
0.04
(-)
51.99
(112.84)
(-)
(-)
(-)
/ Investments #
42.91
(24.88)
(-)
42.91
(24.88)
# / Advances #
(-)
(-)
(-)
* / Interest received*
(-)
(-)
(-)
/ Interest paid*
(4.00)
(-)
(4.00)
Income earned by way of dividend*
2.80
(2.88)
(-)
2.80
(2.88)
Other Income*
(-)
(-)
(-)
/ Other expenditure*
(-)
(-)
(-)
Management contracts *
(-)
0.60
(0.63)
0.60
(0.63)
- / Deposits #
Other Liabilities #
# 31 2011
* 31 2011
Total
18.12 :
i)
*
. :
31 2011
31 2010
1
40.43
33.11
1 5
92.47
69.74
5
25.21
19.47
158.11
122.32
42.68
18.12 Leases:
i)
Operating Leases*
A.
Premises taken on operating lease are given below:
Particulars
As at
31 Mar 2010
35.26
,
, .
*
18.13 :
20, `` ''
. ,
`` '' .
.
63,49,52,049
63,49,52,049
8264.52
(`)
130.16
(`)
(`)
130.16
(`)
10
As at
31 Mar 2011
Current Year
63,48,80,626
63,48,80,626
9,166.05
144.37
144.37
10
189
Previous Year
63,48,80,626
63,48,80,626
9,166.05
144.37
144.37
10
18.14
` 207.60
.
ii) , ` 976.82
( ` 1407.75 ).
iii) ` 1167.28 (
` 2512.09 ) , .
() -
:
i)
()
/ ()
31 2011
31 2010
307.90
1,636.10
9.41
35.77
1545.87
1158.61
51.54
181.71
135.71
2,124.89
117.24
3,054.97
21.53
936.08
957.61
23.47
519.41
542.88
Current tax expenditure for the year is net of reversal of excess provision
for previous year of ` 207.60 crores.
ii)
During the year, ` 976.82 crores [Previous Year ` 1,407.75 crores credited
] has been debited to Profit and Loss Account by way of adjustment of
deferred tax.
iii)
The Bank has outstanding net deferred tax asset of ` 1,167.28 crores
(Previous Year- ` 2,512.09 crores), which is included under Other Assets.
The breakup of deferred tax assets (DTA) and liabilities into major items
is given below:
Particulars
As at
31 Mar 2011
As at
31 Mar 2010
307.90
1,545.87
1,636.10
1,158.61
1,167.28
9.41
51.54
35.77
181.71
135.71
117.24
2,124.89
3,054.97
2512.09
21.53
23.47
936.08
519.41
957.61
542.88
1,167.28
2,512.09
18.15
` 38.96 (
` 19.95 ) :
.
%
1
10.80
40%
..
(10.80)
2
- .
4.90
49%
(4.90)
3
2.25
45%
.
(2.25)
4
1.857
45%
(.) .
(1.89)
5
0.03
45%
(.) .
(0.01)
6
0.10
45%
.#
(0.10)
7
0.01
50%
- . .
(-)
8
2.30
50%
- . .
(-)
Amount
Country of
Residence
Holding %
10.80
(10.80)
India
40%
4.90
India
49%
(4.90)
3
2.25
(2.25)
Singapore
45%
18.57
(1.89)
India
45%
India
45%
Bermuda
45%
(0.01)
6
0.10
(0.10)
# . .
100% .
27 ,
, , , ,
:
31 2011
31 2010
i)
0.01
(-)
India
50%
2.30
(-)
India
50%
# Indirect holding through Maquarie SBI Infra Management Pte. Ltd., against
which the Company has made 100% provision.
Figures in brackets relate to previous year
As required by AS 27, the aggregate amount of the assets, liabilities, income,
expenses, contingent liabilities and commitments related to the Banks interests
in jointly controlled entities are disclosed as under:
Particulars
As at
31 Mar 2011
As at
31 Mar 2010
110.28
79.91
Liabilities
110.28
0.53
68.70
179.51
79.91
0.40
62.92
143.23
Deposits
Borrowings
Other Liabilities & Provisions
Total
190
0.53
0.40
68.70
62.92
179.51
143.23
Assets
0.06
50.34
2.11
11.06
116.00
179.51
28.77
1.62
9.92
102.86
143.23
0.41
3.74
118.98
122.72
3.60
78.49
82.09
0.06
50.34
28.77
2.11
1.62
Advances
Fixed Assets
11.06
9.92
Other Assets
116.00
102.86
Total
179.51
143.23
Capital Commitments
Other Contingent Liabilities
0.41
Income
Interest earned
3.74
3.60
Other income
118.98
78.49
Total
122.72
82.09
Expenditure
105.97
5.54
111.51
69.73
6.27
76.00
11.21
6.09
Interest expended
Operating expenses
Provisions & contingencies
18.17 ,
) -
5,709.54
976.82
3.35
646.75
8,415.44
376.65
976.60
(34.10)
17,071.05
23.00
23.00
105.97
69.73
5.54
6.27
Total
111.51
76.00
Profit
11.21
6.09
18.16
, ,
28 - ` ' .
18.18
Break-up of Provisions
Particulars
6166.62
(1407.75)
1.16
(987.99)
4,622.33
525.53
80.06
154.90
9154.86
-Current Tax
-Deferred Tax
-Other Tax
Provision for Depreciation on Investments
Provision on Non-Performing Assets
.
,
.
-
, , ,
.
5,709.54
6,166.62
976.82
(1,407.75)
3.35
1.16
646.75
(987.99)
8,415.44
4,622.33
376.65
525.53
976.60
80.06
(34.10 )
154.90
17,071.05
9,154.86
Current Year
Previous Year
Total
18.18 Floating Provisions
Particulars
Opening Balance
Add: Transferred from e-SBIN
23.00
23.00
18.19 )
Previous Year
.
1
Current Year
191
Particulars
Brief Description
Liability on account of
outstanding forward
exchange contracts
.
/
.
.
,
,
.
3
, ,
.
-
. :
.
,
,
.
. ,
.
) , // ,
, , ,
.
) -
148.14
85.54
: 11.81
0
168.57
77.69
53.42
15.09
275.10
148.14
b)
c)
Particulars
Opening balance
Add: Transferred from e SBIN
Additions during the year
Reductions during the year
Closing balance
18.20
Current Year
Previous Year
148.14
85.54
11.81
168.57
77.69
53.42
15.09
275.10
148.14
`` 2010''
26 2010 ( ) ,
( ) .
, 26 2010
.
.
14
`` ''
. ,
, ` 10
100 ` 10 34
. ` 10 1,14,606 :
` 27,85,099/- .
98.05%
` 0.33 , .
The amalgamation of State Bank of Indore with the Bank has been accounted
for under the pooling of interest method as prescribed in Accounting Standard
14 Accounting for Amalgamations. Pursuant thereto, all assets and liabilities
of State Bank of Indore as on the effective date have been transferred and
vested in the Bank and in consideration thereof 1,14,606 fully paid equity
shares of ` 10/- each of the Bank have been issued and allotted and ` 27,85,099/paid in cash towards fractional entitlements to the non transferee bank
shareholders in ratio of 34 equity shares for every 100 shares held . The Bank
held 98.05% of the share capital of the State Bank of Indore on effective date
which stands cancelled and the difference between the value of net identifiable
assets acquired and the consideration amounting to ` 0.33 crore is credited to
General Reserve.
192
:-
` 10 1,14,606
1,614.03
32.07
8,101.61
21,180.60
114.80
929.85
894.17
32,867.13
Amount
1,614.03
1780.91
27,105.17
2,210.94
1,708.86
32,805.88
61.25
21,180.60
Fixed Assets
114.80
Other Assets
929.85
894.17
32,867.13
1,780.91
27,105.17
Borrowings
2,210.94
1,708.86
Total Liabilities
Net Assets Taken over
60.53
0.11
0.28
0.33
32.07
8,101.61
32,805.88
61.25
Less:
Value of Investment of in e-SBIN in books of SBI
18.21
,
.
60.53
0.11
0.28
0.33
18.22
. 31 2011 ` 974.29
, .
`168.98 `` ''
.
18.23
/
`1618.02
.
31 2011 `1618.02 .
18.24
31 2010
. 31 2011
, 21 2011
. ..87/21.04.048/2010-11 31 2011
` 3430 ` 2330
. 30 2011 .
18.25 30 2010 10
` 42.90
. ` 28.65
( )
.
18.25 In accordance with RBI approval, the Bank has credited ` 42.90 crores to
Profit & Loss Account, being the outstanding credit entries in Draft Payable
Account which were 10 years or more old as on 30th September 2010, of this
amount of ` 28.65 crores (net of taxes) has been utilised for additional provision
for Provisioning Coverage Ratio.
18.26 ` 92
( ` 92.00 ) .
18.26 During the year, the Bank has contributed ` 92.00 crores (previous year
` 92.00 crores) to SBI Retired Employees Medical Benefit Trust.
18.27
, / .
-/
.
193
31.3.2011
Year ended 31.3.2011
31.3.2010
Year ended 31.3.2010
34282,52,20
(11800,11,71)
(1245,53,05)
(1761,52,26)
2057,10,67
(3359,67,05)
35094,09,82
(16921,31,02)
86188,71,35
104403,79,86
1646,09,70
(54,76,10)
(1293,77,49)
122874,14,77
86188,71,35
.
A.
.
B.
.
C.
NET CHANGE IN CASH AND CASH EQUIVALENTS
.
D.
E.
.
F.
.
G.
.
A.
14954,23,12
13926,09,61
990,49,52
932,66,37
18,51,07
10,45,62
(925,69,54)
(2116,79,23)
4,67,20
8792,09,28
5147,85,28
976,59,50
80,05,74
/ Adjustment for :
_y`mg / Depreciation charges
()/
(Profit)/ Loss on sale of Fixed Assets
() /
(Profit)/ Loss on sale of Investments
() /
(Profit)/ Loss on revalution of Investments
Provision for NPAs
194
31.3.2010
Year ended 31.3.2010
`
646,75,05
(968,59,59)
(60,07,27)
86,55,72
25,97,26
48,94,44
(827,73,02)
(573,48,34)
3019,94,33
2538,67,22
27615,76,50
19112,42,84
(6519,37,25)
(6914,86,75)
/ Other Provisions
( )
Dividends from Subsidiaires (Investing Activities)
( )
Interest paid on SBI Bonds (Financing Activity)
/ Taxes Paid
/ SUB TOTAL
21096,39,25
12197,56,09
102711,42,11
62043,09,88
7867,95,93
17317,56,04
9327,47,96
(15929,02,70)
(112416,78,73)
(94558,80,06)
13528,05,74
2440,12,18
(7832,00,06)
4689,36,86
34282,52,20
(11800,11,71)
/ Adjustment for :
/() / Increase/ (Decrease) in Deposits
/ ( )
NET CASH FROM/ (USED IN) OPERATING ACTIVITIES
.
B.
() /
(Increase) / Decrease in Investments in Subsidiaries & Joint Ventures
(827,49,18)
(816,82,66)
827,73,02
573,48,34
(27,85)
(1245,49,04)
(1518,17,94)
Income earned on such Investments
Cash paid to the shareholders of e-SBIN Bank towards
fractional entitlements consequent to amalgamation
(1245,53,05)
195
(1761,52,26)
31.3.2010
Year ended 31.3.2010
`
.
C.
27,68
38,50
6496,99,60
2000,00,00
(3019,94,33)
(2538,67,22)
(1420,22,28)
(2821,38,33)
Dividends paid including tax thereon
/ ( )
NET CASH FROM/ (USED IN) FINANCING ACTIVITIES
2057,10,67
(3359,67,05)
.
D.
( )
Cash in hand (including foreign currency notes and gold)
6841,01,27
4295,51,58
54449,85,25
51250,65,69
24897,84,83
48857,62,59
Balances with Banks and Money at Call and Short Notice
/ TOTAL
86188,71,35
104403,79,86
.
E.
( )
Cash in hand (including foreign currency notes and gold)
189,68,67
1424,34,08
32,06,95
Balances with Reserve Bank of India
Balances with Banks and Money at Call and Short Notice
/ TOTAL
1646,09,70
196
31.3.2010
Year ended 31.3.2010
`
. -
F.
(18,53,66)
(363,88,83)
(36,22,44)
(929,88,66)
/ TOTAL
(54,76,10)
(1293,77,49)
.
G.
( )
Cash in hand (including foreign currency notes and gold)
7476,55,39
6841,01,27
86918,94,81
54449,85,25
28478,64,57
24897,84,83
Balances with Reserve Bank of India
Balances with Banks and Money at Call and Short Notice
/ TOTAL
122874,14,77
:
.
.
.
.
. .
86188,71,35
SIGNED BY:
.
( )
.
( )
Diwakar Gupta
Managing Director &
Chief Financial Officer
Directors
A. Krishna Kumar
Managing Director &
Group Executive
(National Banking)
Hemant G. Contractor
Managing Director &
Group Executive
(International Banking)
R. Sridharan
( )
Pratip Chaudhuri
Chairman
@pu[@pOp
17 Xe{, 2011
Kolkata
17th May, 2011
197
To
1. , 1955 41(1)
,
,
1.
2.
2. 31 2011
.
:
i) , ,
(), -
(), (),
42 () ,
;
i)
ii) 11374 ,
;
iii) 47
;
iv) 2817 ,
.
0.67%,
2.60%, 0.86%
4.16%
3.
- 1949 , 1955 - ,
()
-
,
4.
198
3.
4.
()
,
6.
6.
7.
18 18.8
:
7.
5.
.
-
) ` 400
9 2011
. . . 80/
21.04.018/ 2010-11 15,
,
) 18 2011
/ / / 16165 /
21.04.018/2010-11
,
15,
` 7,927.41
199
a)
b)
8. ,
:
8.
) -
,
31 2011
;
) -
, ;
) ,
,
9.
9.
, 1949 : ``''
``''
, 1955
b)
c)
10. 2 5
( )
1970 /1980
,
, :
)
,
,
)
-
)
a)
b)
c)
11. ,
200
.,
Chartered Accountants
Chartered Accountants
Viraf Mehta
Partner : .. M.No. 32083
. . Firm Regn. No. 104607 W
P. Manohara Gupta
Partner : .. M.No. 016444
. . Firm Regn. No. 000671 S
. . .,
. ,
Chartered Accountants
Chartered Accountants
A. Chatrath
Partner : .. M.No. 052975
. . Firm Regn. No. 301011 E
Mohender Gandhi
Partner : .. M.No. 088396
. . Firm Regn. No. 501433 C
. . .,
Chartered Accountants
Chartered Accountants
. .
. .
K. K. Soni
Partner : .. M.No. 7737
Firm Regn. No. 000947 N
R. Venugopal
Partner : .. M.No. 202632
. . Firm Regn. No. 001488 S
For Essveeyar,
Chartered Accountants
Chartered Accountants
R. Vijayaraghavan
Partner : .. M.No. 022442
. Firm Regn. No.000808 S
. . . . ,
Chartered Accountants
Chartered Accountants
. .
D. V. Jankinath
Partner : .. M.No. 029505
. . Firm Regn. No. 004671 S
Vipin Bali
Partner : .. M.No. 083436
. . Firm Regn. No. 000033 N
. . .,
Chartered Accountants
Chartered Accountants
. .
Vinod Somani
Partner : .. M.No. 085277
. . Firm Regn. No. 006591 N
R. S. Bordia
. . .,
Chartered Accountants
Chartered Accountants
. .
Milin Mehta
Partner : .. M.No. 038665
. . Firm Regn. No. 106237 W
B. D. Bhatter
Partner : .. M.No. 071499
. . Firm Regn. No. 004651 C
17 , 2011
Kolkata
17th May, 2011
201
SBI (Consolidated)
dSs_tEr
(` )
(` in thousand)
31.3.2011
@ P<O
@u dSs_pZ
(Ep[t \^{)
I.
31.3.2010
@ P<O
@u dSs_pZ
(<TF>pp \^{)
As on 31.3.2011
(Current Year)
As on 31.3.2010
(Previous Year)
WpZO Xu
In India
(i)
Vv@pu Xu
Balances with banks
In Current Account
...
...
...
...
1735,91,93
1471,68,55
...
...
...
...
3195,84,05
1040,38,16
...
...
...
...
2685,53,85
1255,40,03
...
...
...
...
1754,91,65
1998,70,97
9372,21,48
5766,17,71
(@) Vv@pu Xu
(a)
With banks
(A) dY _zPpdpu Xu
(b)
YpuB
TOTAL
II.
WpZO @u Vp`Z
Outside India
(i)
Ep[t ApOu Xu
In Current Account
(ii)
...
...
...
13018,60,96
17562,08,04
...
...
...
...
1480,48,78
949,60,94
...
...
...
...
12106,30,86
5380,42,37
26605,40,60
23892,11,35
35977,62,08
29658,29,06
dY GXp ApOpu Xu
In Other Deposit Accounts
(iii)
...
YpuB
TOTAL
@s[ YpuB
GRAND TOTAL
( I dpvZ and II )
209
SBI (Consolidated)
dSs_tEr
8 <\<SRpS
SCHEDULE 8 INVESTMENTS
(` )
(` in thousand)
31.3.2011
@ P<O
@u dSs_pZ
(Ep[t \^{)
I.
31.3.2010
@ P<O
@u dSs_pZ
(<TF>pp \^{)
As on 31.3.2011
(Current Year)
As on 31.3.2010
(Previous Year)
WpZO Xu <\<SRpS
Investments in India in
(i) _Z@pZr T}<OWt<OYpy
Government Securities
(ii) dY dSsXpu<QO T}<OWt<OYpy
Other Approved Securities
(iii) ]uYZ
Shares
(iv) qL>VuEZ dpvZ VpzL>
Debentures and Bonds
(v) _`YpuBr
Associates
(vi) dY (Yt<SJu dp<Q)
Others (Units, etc.)
...
...
...
...
316088,12,01
315092,12,89
...
...
...
...
2587,87,09
2860,25,92
...
...
...
...
25080,08,32
20069,42,74
...
...
...
...
23778,87,12
24423,62,87
...
...
...
...
1006,51,18
804,02,43
...
...
...
...
40289,94,27
40738,18,23
408831,39,99
403987,65,08
YpuB
TOTAL
II.
...
...
...
3630,29,46
3283,43,72
...
...
...
51,59,97
40,86,84
...
...
...
6553,15,49
5437,30,43
10235,04,92
8761,60,99
419066,44,91
412749,26,07
YpuB
TOTAL
@s[ YpuB
GRAND TOTAL
( I dpvZ and II )
III.
IV.
...
...
...
...
412492,44,56
407027,20,12
...
...
...
...
3661,04,57
3039,55,04
408831,39,99
403987,65,08
...
...
(ii)
(iii)
...
...
...
...
10456,90,92
8962,03,55
...
...
...
...
221,86,00
200,42,56
10235,04,92
8761,60,99
419066,44,91
412749,26,07
...
...
...
@s[ YpuB
GRAND TOTAL
( III dpvZ and IV )
210
SBI (Consolidated)
dSs_tEr
9 d<B}X
SCHEDULE 9 ADVANCES
(` )
(` in thousand)
31.3.2011
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2010
@ P<O
@u dSs_pZ
(<TF>pp \^{)
As on 31.3.2011
(Current Year)
As on 31.3.2010
(Previous Year)
...
...
...
64272,97,11
55186,74,14
...
...
...
435124,33,85
361214,81,72
...
...
...
507004,24,17
453100,08,35
YpuB TOTAL
1006401,55,13
869501,64,21
(III)
_p\<R
Term loans
...
...
...
706678,51,77
605877,86,90
...
...
...
116331,78,21
91097,92,97
...
...
...
183391,25,15
172525,84,34
YpuB TOTAL
1006401,55,13
869501,64,21
(III)
dT}<OWtO
Unsecured
B.
(I)
C.
WpZO Xu d<B}X
Advances in India
(i)
(ii)
Public Sector
(iii)
...
...
318873,29,53
250905,19,65
...
...
...
64079,72,69
63561,19,76
...
...
...
1637,26,44
1245,95,20
...
...
...
505405,39,43
450145,44,82
YpuB TOTAL
889995,68,09
765857,79,43
Vv@
Banks
(iv)
...
_p\{G<S@ bum
dY
Others
(II)
Vv@pu _u ]puY
Due from banks
(ii)
...
...
...
22466,08,47
15661,39,86
...
...
...
14820,36,26
25432,28,35
...
...
...
38633,79,72
28109,68,23
...
...
...
40485,62,59
34440,48,34
YpuB TOTAL
116405,87,04
103643,84,78
1006401,55,13
869501,64,21
dYpu _u ]puY
Due from others
Syndicated loans
(B) dY
(c)
Others
211
SBI (Consolidated)
dSs_tEr
10 PZ dpOYpy
SCHEDULE 10 FIXED ASSETS
(` )
(` in thousand)
31.3.2011
31.3.2010
@ P<O
@u dSs_pZ
(Ep[t \^{)
@ P<O
@u dSs_pZ
(<TF>pp \^{)
As on 31.3.2011
(Current Year)
`
I.
As on 31.3.2010
(Previous Year)
`
@. TqZ_Z
Premises
...
...
...
2260,58,00
2134,12,97
...
...
...
227,96,33
137,50,16
...
...
...
45,58,84
11,05,13
...
...
...
966,02,72
...
...
... 12592,44,87
...
...
...
2426,02,38
1922,16,86
...
...
...
812,25,58
167,81,69
...
...
...
9543,09,50
dOS d\bYN
Depreciation to date
II.
1476,92,77
892,61,83
1367,96,17
10838,09,70
dOS d\bYN
Depreciation to date
III.
4663,12,17
8432,73,69
4159,71,18
@. TJ>oJ>p@wO dpOYpy
Leased Assets
...
...
976,27,83
1091,73,13
...
...
...
2,21,92
...
...
...
84,41,02
115,45,30
...
...
...
888,50,50
971,30,75
5,58,23
4,97,08
dOS d\bYN
Depreciation to date including provisions
4,50,18
1,08,05
4,77,89
19,19
Assets under Construction
...
...
...
345,70,25
486,02,70
YpuB TOTAL
6486,83,24
6013,89,24
212
SBI (Consolidated)
dSs_tEr
11 dY dpOYpy
SCHEDULE 11 OTHER ASSETS
(` )
(` in thousand)
31.3.2011
@ P<O
@u dSs_pZ
(Ep[t \^{)
I.
- ()
II.
- ()
As on 31.3.2011
(Current Year)
As on 31.3.2010
(Previous Year)
...
...
...
....
5,93,06
...
...
...
....
1633,44,96
1784,13,90
Interest accrued
...
...
...
....
12329,62,38
10647,51,07
...
...
...
...
7146,19,41
5907,28,97
...
...
...
...
126,20,02
158,00,96
...
...
...
...
17,67,26
20,43,65
...
...
...
....
1559,15,03
3433,72,04
...
...
...
....
37803,67,23
28068,26,26
60615,96,29
50025,29,91
IV.
VI.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
III.
V.
31.3.2010
VII.
VIII.
dY
YpuB
TOTAL
# g_oH$Z AmYma na gmI ` 769,77,74 hOma em{_b h ({nN>bo df ` 768,52,56 hOma)
# Includes Goodwill on consolidation ` 769,77,74 thousand (P. Y. ` 768,52,56 thousand)
(` )
dSs_tEr
12 _Xp<kO Qp<Y\
SCHEDULE 12 CONTINGENT LIABILITIES
(` in thousand)
31.3.2011
@ P<O
@u dSs_pZ
(Ep[t \^{)
I.
II.
III.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
As on 31.3.2011
(Current Year)
As on 31.3.2010
(Previous Year)
...
...
...
....
1209,74,94
1045,19,90
...
...
...
....
15,25,22
3,11,88
..
...
...
....
421259,55,48
352036,36,51
...
...
...
....
100106,67,96
81165,35,89
...
...
...
....
61564,91,59
37244,70,30
...
...
...
....
165199,53,77
140616,70,35
Other items for which the banks are contingently liable ...
...
...
....
103399,67,18
85183,67,21
852755,36,14
697295,12,04
68865,69,84
56491,42,87
31.3.2010
(@) WpZO Xu
(a)
In India
Outside India
VI.
213
SBI (Consolidated)
31 XpE{ 2011 @pu _XpO \^{ @u <[h [pW h\z `p<S ApOp
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2011
dSs_tEr _z.
Schedule No.
I.
(` )
(` in thousand)
dpY
INCOME
d<G{O YpG
Interest earned
...
...
...
13
113636,44,25
100080,73,19
...
...
...
14
34207,47,85
33771,09,50
147843,92,10
133851,82,69
dY dpY
Other Income
YpuB TOTAL
II.
YY
EXPENDITURE
...
...
...
15
68086,40,16
66637,50,87
...
...
...
16
46518,00,73
42415,39,44
...
...
...
22059,57,50
12785,28,54
YpuB TOTAL
136663,98,39
121838,18,85
T}Ep[S YY
Operating expenses
dpvZ dp@X@ YY
Provisions and contingencies
III.
[pW
PROFIT
...
...
...
11179,93,71
12013,63,84
...
...
...
494,98,78
279,80,61
...
...
...
10684,94,93
11733,83,23
...
...
...
58,58,15
215,99,68
YpuB TOTAL
10743,53,08
11949,82,91
_Xt` [pW
Group Profit
Balance Brought forward
<\<SYpuGS
APPROPRIATIONS
...
...
...
3388,50,53
7153,61,49
...
...
...
4573,55,45
2511,47,09
...
...
...
1904,99,70
1904,64,79
...
...
...
353,55,11
321,51,39
...
...
...
522,92,29
58,58,15
YpuB TOTAL
10743,53,08
11949,82,91
` 168.28
` 184.82
` 168.28
` 184.82
dY dpZ<b<OYpu dzOZN
Transfer to Other Reserves
[pWpz]
Proposed Dividend
[pWpz] TZ @Z
Tax on Dividend
17
18
214
SBI (Consolidated)
dSs_tEr
13 d<G{O YpG
SCHEDULE 13 INTEREST EARNED
I.
II.
<\<SRpSpu TZ dpY
III.
Interest/discount on advances/bills
Income on investments
(` )
(` in thousand)
31.3.2011 @pu _XpO \^{
Year ended 31.3.2011
...
...
...
....
83797,22,37
72298,73,90
...
...
...
....
27679,47,57
24614,07,39
...
...
...
....
698,93,71
1826,54,18
...
...
...
....
1460,80,60
1341,37,72
YpuB TOTAL
113636,44,25
100080,73,19
dY
Others
dSs_tEr
14 dY dpY
SCHEDULE 14 OTHER INCOME
I.
IV.
V.
....
13958,94,27
11858,71,93
...
...
...
....
3091,75,23
4930,43,83
...
...
....
(135,12,21)
3022,98,14
...
....
(20,74,79)
(9,94,81)
....
1754,75,77
1866,60,70
...
...
...
....
5,08,74
15,08,77
...
...
...
....
2,06,83
10,41,72
...
...
...
....
227,53,11
191,09,14
...
...
...
....
12851,84,46
9920,39,38
...
...
...
....
218,17,57
214,43,49
...
...
...
....
2253,18,87
1750,87,21
YpuB TOTAL
34207,47,85
33771,09,50
XI.
...
dpY
X.
...
IX.
...
`
...
...
II.
(` )
(` in thousand)
<\<\R dpY
Miscellaneous Income
215
SBI (Consolidated)
dSs_tEr
I.
III.
<SbuTpu TZ YpG
Interest on deposits
II.
(` )
(` in thousand)
...
...
...
....
60749,67,56
61080,61,30
...
...
....
2993,56,30
1405,98,91
...
...
....
4343,16,30
4150,90,66
YpuB TOTAL
68086,40,16
66637,50,87
...
dSs_tEr 16 T}Ep[S YY
(` )
(` in thousand)
I.
III.
...
...
...
....
19979,57,68
16331,06,44
...
...
...
....
2436,13,89
2136,15,35
...
...
...
....
349,45,33
313,00,59
...
...
...
....
432,13,40
337,72,66
...
...
...
....
3,965
4,23,71
...
...
...
....
1380,15,51
1317,32,76
6,23,27
8,10,41
190,58,29
173,78,88
207,21,48
129,80,19
484,98,32
408,54,22
474,52,05
415,85,45
1086,09,08
940,66,25
18,22,03
6,90,26
360,84,92
231,90,39
14726,33,60
14171,28,75
4385,12,23
5489,03,13
46518,00,73
42415,39,44
XtYp_
( )
Depreciation on Fixed Assets
(Other than Leased Assets)
VII.
VI.
V.
II.
IV.
YpuB TOTAL
216
SBI (Consolidated)
AZwgyMr 17
_hdnyU boImH$aU Zr{V`m :
SCHEDULE 17
A.
Use of Estimates
The preparation of financial statements requires the
management to make estimates and assumptions considered
in the reported amounts of assets and liabilities (including
contingent liabilities) as of the date of the financial
statements and the reported income and expenses during
the reporting period. Management believes that the estimates
used in the preparation of the financial statements are
prudent and reasonable. Future results could differ from
these estimates.
C.
Basis of Consolidation:
1.
H$. ^maVr` Q>oQ> ~H$ Ho$ boIm nar{jV ImVo (_yb H$nZr)&
I. ^maVr` gZXr boImH$ma gWmZ Ho$ mam ""g_o{H$V {dmr` {ddaUm|'' Ho$
{bE Omar boIm _mZH$ 21 Ho$ AZwgma g^r AV g_yh ^m{VH$ ~H$m`m/
boZXoZ, Ja dgybrH$V bm^/hm{Z H$mo AbJ H$aHo$ VWm Ag_$n boIm
Zr{V`m| Ho$ {bE Ohm Amd`H$ hAm h dhm Amd`H$ g_m`moOZ H$aZo Ho$
CnamV AZwf{J`m| H$s AmpV/Xo`Vm/Am`/`` H$m (_yb H$nZr H$s Bht
_Xm| go) H$_e Ajae g_oH$Z {H$`m J`m h&
J. g`wV C_m| H$m g_oH$Z ^maVr` gZXr boImH$ma gWmZ Ho$ "g`wV C_m|
_| {hVm| na {dmr` gyMZm go g~{YV boIm _mZH$-27 Ho$ AZwgma "g_mZwnm{VH$
g_oH$Z' {H$`m J`m h&
K. "gh`mo{J`m|' _| {H$E JE {Zdoe H$m boImH$aU "BpdQ>r-nXY{V>' Ho$ AVJV
^maVr` gZXr boImH$ma gWmZ Ho$ ""g_o{H$V {dmr` {ddaUm| _| gh`mo{J`m| _|
{Zdoe hoVw boImH$aU go g~{YV boIm _mZH$ 23 Ho$ AZwgma {H$`m J`m h&
2. AZwfJr H$n{Z`m| _| g_yh Ho$ {Zdoe H$s bmJV VWm AZwf{J`m| H$s BpdQ>r _| g_yh
Ho$ Ae Ho$ ~rM Ho$ AVa H$mo {dmr` {ddaUm| _| gmI/nyOr Ama{jVr Ho$ $n _|
{XIm`m J`m h&
3. g_o{H$V AZwf{J`m| H$s {Zdb AmpV`m| _| Anme {hV {ZZdV h
H$. {Og {V{W H$mo {H$gr AZwfJr _| {Zdoe {H$`m J`m h, Cg {V{W H$mo Anme
{hV H$s BpdQ>r-am{e, Ama
I. _yb H$nZr Ama AZwfJr Ho$ g~Y Wm{nV hmoZo H$s {V{W go Am` Ama[j{V`mo|/
hm{Z (BpdQ>r) _| Anme-eo`a H$m CVma-MT>md &
K. boIm Zr{V`m
1. Am` {ZYmaU
1.1 Bggo {^Z {H$E JE CboI H$mo N>moS>H$a Am` Ama `` H$mo moX^dZ
AmYma na boIo _| {b`m J`m h& {dXoe pWV H$m`mb`m| / BH$mB`m| Ho$ g~Y
_| Am` H$m A{^kmZ Cg Xoe Ho$ WmZr` H$mZyZ Ho$ AZwgma {H$`m J`m h,
{mg Xoe _| do H$m`mb`/ BH$mB`m pWV h &
a.
b.
c.
d.
2.
3.
b.
D.
1.
Revenue recognition
1.1 Income and expenditure are accounted on accrual basis,
except otherwise stated. In respect of foreign offices/
entities, income is recognised as per the local laws of the
country in which the respective foreign offices/entities
are located.
217
SBI (Consolidated)
1.2 {ZZ{b{IV H$mo N>moS>H$a bm^ Ama hm{Z ImVo _| {ZYmaU moX^dZ AmYma
na {H$`m OmVm h (i) A{J_m|, nQ>Q>m| Ama {d{ZYmZm| go g_m{d> AZmH$
AmpV`m| go Am`, {mgH$m {ZYmaU ^maVr` [amd ~H$ / {dXoe pWV
H$m`mb`m| / BH$mB`m| Ho$ _m_bo _| g~{YV Xoe Ho$ {d{Z`m_H$m| (BgHo$ nMmV
gm_y{hH$ $n go {d{Z`m_H$ m{YH$aU H$hbmEJo) mam {ZYm[aV {ddoH$nyU
_mZXS>m| Ho$ AZwgma dgybr AmYma na {H$`m mmVm h, (ii) {d{ZYmZm| H$s
AmdoXZ-am{e na `mm, (iii) {d{ZYmZm| VWm ~Q>Q>mH$V {~bm| na A{VXo`
`mm (iv) n`m So>ardo{Q>g na Am` ""Q>oqS>J'' Ho$ $n _| Zm{_V&
1.3 {d{ZYmZm| H$s {~H$s na hmoZo dmbo bm^ `m hm{Z H$mo bm^ Ed hm{Z ImVo _|
{b`m J`m h, VWm{n, "n[andVm Ho$ {bE aIo JE' loUr Ho$ {d{ZYmZm| H$s
{~H$s na hmoZodmbo bm^ H$mo `mo` H$am| Ama "nyOr Ama{jV ImVo' _| gm{d{YH$
Ama{jV {Z{Y hoVw AV[aV H$s OmZo dmbr Amd`H$ am{e H$mo KQ>mZo Ho$ ~mX
g_m`mo{OV {H$`m J`m h&
1.4 {dm nQ>Q>m| go hB Am` H$m n[aH$bZ mW{_H$ nQ>Q>m Ad{Y Ho$ {bE nQ>Q>o H$s
~H$m`m {Zdb {d{ZYmZ H$s am{e na nQ>Q>o H$s `mm Xa H$m Cn`moJ H$aHo$
{H$`m J`m h & 01 Ab, 2001 go ^mdr nQ>Q>m| H$mo nQ>Q>o _| {Zdb {d{ZYmZ
Ho$ g_mZ am{e Ho$ A{J_ Ho$ $n _| boIo _| {b`m J`m h & nQ>Q>m {H$am`m| H$m _yb
am{e Ama {dm Am` _| ^mmZ {dm nQ>Q>m| go g~ ~H$m`m {Zdb mdYmZm|
Ho$ {Z`V Amd{YH$ {V\$b Ho$ namdVu d$n Ho$ AmYma na {H$`m J`m h& _yb
am{e H$m Cn`moJ nQ>Q>o _| {Zdb {d{ZYmZ am{e H$mo KQ>mZo Ho$ {bE {H$`m J`m h
Ama {dm Am` H$mo `mm Am` Ho$ $n _| [anmoQ> {H$`m J`m h&
1.5 ""n[andVm Ho$ {bE aIo JE'' loUr _| {d{ZYmZ na Am` (`mm H$mo
N>moS>H$a) H$mo A{H$V _y` H$s VwbZm _| ~Q>Q>mH$V _y` na {ZZmZwgma
A{^kmZ _| {b`m J`m h :
i. `mm-m H$aZo dmbr {V^y{V`m| Ho$ gX^ _| Bgo {~H$s / emoYZ Ho$
g_` A{^kmZ _| {b`m J`m h&
ii. ey`-Hy$nZ {V^y{V`m| na, Bgo {V^y{V H$s eof Ad{Y Ho$ {bE {Z`V
Am` AmYma na boIo _| {b`m J`m h&
1.6 mhm bm^me m H$aZo H$m A{YH$ma {g hmoVm h dhm bm^me H$mo moX^dZ
AmYma na boIo _| {b`m J`m h&
1.7 (i) AmW{JV ^wJVmZ Jma{Q>`m| na JmaQ>r H$_reZ H$m AmH$bZ JmaQ>r H$s
nyar Ad{Y Ho$ {bE {H$`m J`m h Ama (ii) gaH$mar `dgm` na H$_reZ
H$m {ZYmaU moX^dZ AmYma na {H$`m J`m h& BZ XmoZm| H$mo N>moS>H$a A`
g^r H$_reZ Ama ewH$ - Am` H$m {ZYmaU dgybr Ho$ ~mX {H$`m J`m h&
1.8 {deof Jh F$U `moOZm ({Xg~a 2008 go OyZ 2009) Ho$ AVJV ^wJVmZ
{H$`m J`m EH$ ~maJr ~r_m r{_`_ F$U H$s 15 dfm] H$s AmgV Ad{Y
_| n[aemo{YV {H$`m J`m h&
ii.
218
a.
b.
c.
d.
e.
SBI (Consolidated)
Asset Management:
AmpV ~YZ
H$. g~{YV `moOZmAm| _|o gh_V {d{eQ> Xam| na ~YZ ewH$ H$mo A{^kmZ
_o {b`m J`m h& BZ Xam| H$mo `oH$ `moOZm H$s {Zdb AmpV Ho$
X{ZH$ AmgV AmYma na bJm`m J`m h (Bg_| Ohm bmJy hmo AVa`moOZm {d{ZYmZ Ama g~{YV `moOZmAm| _| H$nZr mam {H$E JE
{d{ZYmZm| H$mo Zhr em{_b {H$`m J`m h&) Ama `h go~r (`yMwAb\$S>) {d{Z`_ 1996 mam {ZYm[aV gr_mAm| Ho$ AZw$n h&
I. g{dXm eVm} Ho$ AZwgma, g{d^mJ gbmhH$mar godmAm| go mV Am` H$mo
moX^dZ AmYma na em{_b {H$`m J`m h&
J. `m^yV KmQ>m-`moOZmAm| go hmoZo dmbr dgybr, {Ogo nhbo ``
_mZm J`m Wm. H$mo m{V Ho$ df _| Am` Ho$ $n _| _mZm J`m h&
K. `moOZm `` {ZYm[aV Xam| go A{YH$ `moOZm ``m| H$mo bm^ Ama hm{Z
ImVo _| em{_b {H$`m J`m h&
L> {VWmnZ A{YH$ma Ho$ AVJV H$nZr mam A{^JhrV `moOZmAm| Ho$
AV[aV {Zdoem| H$s dgybr m{V AmYma na boIo _| br JB h&
Ho${S>Q> H$mS> n[aMmbZ
H$. gX`Vm JhU ewH$ VWm W_ dm{fH$ ewH$ H$mo EH$ df H$s Ad{Y
Ho$ {bE {ZYm[aV {H$`m J`m h `m|{H$ `h `mXm gQ>rH$ T>J go Cg
Ad{Y H$mo XemVr h, {Oggo ewH$ g~{YV h&
I. {d{Z_` Am` H$mo modZ AmYma na {hgm~ _o {b`m J`m h&
J. g^r A` godm ewH$ g~{YV boZXoZ Ho$ g_` XO {H$E JE h&
a.
b.
c.
d.
e.
\$Q>[aJ
AZOH$ n[agn{m`m|, Ohm dgybr hmoZo na Am` H$mo {hgm~ _| {b`m OmVm h, Ho$
_m_bo H$mo N>moS>H$a \$Q>[aJ godm ewH$m| H$mo modZ AmYma na {hgm~ _o
{b`m OmVmh& H$nZr mam \$Q>[aJ/{dmr`Z gr_mAm| H$s drH${V Ho$ ~mX
{H$`m ewH$ moX^yV hmoVo h&
a.
b.
c.
Factoring:
Factoring service charges are accounted on accrual basis
except in the case of non-performing assets, where income
is accounted on realisation. Processing charges are
accrued upon acceptance of sanction of the factoring/
financing limits by the Company.
OrdZ ~r_m
H$. nm{bgr YmaH$m| go Xo` hmoZo na, OrdZ ~r_m r{_`_ (godmH$a H$mo
KQ>mZo Ho$ ~mX) H$mo Am` Ho$ $n _| {b`m OmVm h& H$mbmVrV
nm{b{g`m| H$mo O~ VH$ nwZd{VV Zht {H$`m OmVm, V~ VH$ Eogr
nm{b{g`m| Ho$ dgyb Z {H$E JE r{_`_ H$mo {hgm~ _| Zht {b`m
OmVm h& g~X>Y> `dgm` Ho$ _m_bo _| Egmo{gEQ>oS> BH$mB`m| Ho$
Am~Q>Z Ho$ g_` r{_`_ Am` H$m {ZYmaU {H$`m OmVm h&
I. nwZ~u_m na mV r{_`_ H$mo nwZ~u_mH$Vm Ho$ gmW hB g{Y AWdm
gm{VH$ `dWm H$s eVm] Ho$ AZwgma {hgm~ _| {b`m OmVm h&
J. _`w go g~{YV OrdZ ~r_m Xmdm| H$s gyMZm mV hmoZo na Cho
{hgm~ _| {b`m OmVm h& df Ho$ AV VH$ H$s gyMZmAm| na Eogo
Xmdm| H$s JUZm Ho$ {bE [dMma {H$`m OmVm h& n[andVm go
g~{YV Xmdm| H$mo nm{bgr H$s n[andVm {V{W H$mo {hgm~ _| {b`m
OmVm h& dm{fH$ bm^m| H$s JUZm Cg g_` H$s OmVr h, O~
do Xo` hmoVo h& A`nUm| H$mo A{Ygy{MV {H$E OmZo na {hgm~ _|
{b`m OmVm h& Ohm `mo` hmo, Xmdm-`` _| nm{bgr bm^ Ed
Xmdm {ZnQ>mZ `` em{_b hmoVo h& nwZ~u_mH$VmAm| go dgyb H$s
OmZo dmbr am{e`m| H$mo g~{YV Xmdm| H$s Ad{Y Ho$ {bE {hgm~
_| {b`m OmVm h Ama Ch| Xmdm| go KQ>m`m OmVm h&
K. H$_reZ Ogo A{^JhU IM, {M{H$gm ewH$ Am{X Eogo IM h Omo
_w` $n go ZE Ed ZdrH$V ~r_m g{dXmAm| Ho$ A{^JhU go g~{YV
hmoVo h Ama BZH$m ^wJVmZ `` Ho$ g_` hr H$a {X`m OmVm h&
S>. ~r_m nm{b{g`m| Ho$ {bE Xo`Vm g^r OrdZ ~r_m nm{b{g`m| H$s ~r_m{H$H$
Xo`Vm H$s JUZm- BQ>rQ>`Qy > Am\$ EMyAarO Am\$ B{S>`m mam {ZYm[aV
{Xem {ZX}em| Ho$ AZwgma -{Z`wV {H$E JE ~r_mH$ZH$Vm mam H$s OmVr h&
Life Insurance:
219
a.
b.
c.
d.
e.
SBI (Consolidated)
General Insurance:
gmYmaU ~r_m
a.
b.
J.
c.
K. A{YJhU bmJV| Ogo H$_reZ, nm{bgr {ZJ_ `` Am{X Eogr bmJV| h Omo
_w` $n go ZE Ed ZdrH$aU `dgm` g{dXmAm| Ho$ A{YJhU go g~{YV
h Ama Cg Ad{Y _| `` H$s JB h {Og_| do CnpWV hB h&
d.
e.
f.
L>
Xmdo H$m {ZYmaU ZwH$gmZ hmoZo H$s gyMZm mV hmoZo na {H$`m J`m h& VwbZ
n H$mo Xo` ~H$m`m Xmdm| go g~{YV mdYmZ _| go nwZ~u_m, Ad{eQ> _y`
Ama ~YZ mam AZw_m{ZV A` dgy{b`m| H$mo KQ>m`m J`m h&
M. Xmdm g~Yr Xo`VmE Omo {H$gr boIm Ad{Y Ho$ XmamZ Cn{MV hmo JB h
naVw boIm Ad{Y H$s g_mpV go nyd gy{MV `m Xmdm Zht H$s JB h
(AmB~rEZAma) `m n`mV $n go gy{MV Zht H$s JB h (AWmV Bg
{Q>nUr Ho$ gmW gy{MV H$s JB {H$ g^m{dV Xmdm am{e H$m EH$ C{MV
AZw_mZ bJmZo Ho$ {bE gyMZm An`mV Ho$ gmW gy{MV H$s JB h
(AmB~rEZBAma), go g~{YV mdYmZ dh am{e h Omo AmBAmaS>rE H$s
gh_{V go ^maVr` ~r_m{H$H$ gmogm`Q>r mam Omar _mJXeu {Q>n{U`m|
Ama Bg g~Y _| AmBAmaS>rE mam Omar A` {ZX}em| Ho$ AZwgma
~r_m{H$H$ {gXYmVm| Ho$ AmYma na {Z`wV ~r_mH$ZH$Vm/nam_eu
~r_mH$ZH$Vm mam {ZYm[aV H$s JB h&
A{^ajm Ed g~ godmE
Am` H$m {ZYmaU Cg gr_m VH$ {H$`m J`m h {H$ H$nZr H$mo Am{WH$ bm^ mV
hmoZo H$s g^mdZm h Ama Bg Am` H$m {ddmgnydH$ _mnZ {H$`m Om gHo$Jm&
~YZ ewH$ H$mo H$nZr Ama EZnrEg `m{g`m| Ho$ ~rM hE {Zdoe ~YZ H$ama
(AmBE_E) Ho$ AZwgma V`ma H$s JB g~X>Y `moOZmAm| _| {Z{XQ> gh_V Xam| na
moX>^yV AmYma na em{_b {H$`m J`m h& Ohm H$ht godm H$a H$s dgybr H$s JB,
dhm Am` _| godm H$a H$mo em{_b Zht {H$`m J`m h&
`mgYm[aVm ewH$m| / ~YZ ewH$m| H$mo H$n{Z`m| Ho$ ~rM hB g{dXm H$s g~{YV
eVm} Ho$ AZwgma moX>^yV AmYma na em{_b {H$`m J`m h&
220
SBI (Consolidated)
2.
2. {d{ZYmZ
gaH$mar {V^y{V boZXoZ 31.12.2010 VH$ "H$`-{dH$` H$s${V{W' H$mo Ama
01.01.2011 go "g_mYmZ {V{W' H$mo XO {H$E JE h& gaH$mar {V^y{V`m| H$mo
N>moS>H$a {d{ZYmZ "H$`-{dH$` {V{W' H$mo XO {H$E JE h&
Investments
The transactions in Government Securities are recorded on
Trade Date upto 31.12.2010 and on Settlement Date with
effect from 01.01.2011. Investments other than Government
Securities are recorded on Trade Date.
2.1 Classification
2.1 dJuH$aU
{d{ZYmZm| H$mo 3 lo{U`m| `Wm - "n[andVm Ho$ {bE aIo JE', "{dH$` Ho$
{bE CnbY' Ama "`dgm` Ho$ {bE aIo JE' _| dJuH$V {H$`m J`m h&
ii.
2.3 Valuation:
2.3 _y `Z :
i. {H$gr {d{ZYmZ H$s A{^JhU bmJV H$m {ZYmaU H$aZo _|
H$. A{^XmZm| na mV Xbmbr / H$_reZ H$mo bmJV _| go KQ>m {X`m
J`m h&
I. {d{ZYmZm| Ho$ A{^JhU Ho$ g~Y _| Xm Xbmbr, H$_reZ, {V^y{V
boZXoZ H$a Am{X H$m Cgr g_` `` H$a {X`m J`m h Ama Bh|
bmJV _| em{_b Zht {H$`m J`m h &
J. F$U {bIVm| na I{S>V Ad{Y Ho$ {bE Xm/mV `mm H$mo
`mO `` / Am` _X Ho$ $n _| _mZm J`m h Ama Bh| bmJV/
{~H$s {V\$b _| em{_b Zht {H$`m J`m h&
K. EE\$Eg Ama EME\$Q>r loUr Ho$ AVJV {Zdoe H$s bmJV H$m
{ZYmaU g_yh BH$mB`m| H$s ^m[aV AmgV bmJV Umbr Ho$ AmYma
na Ama EMQ>rE_ loUr Ho$ AVJV {Zdoem| H$s bmJV H$m {ZYmaU
Eg~rAmB mam (nhbo AmE nhbo OmE) AmYma na Ama A`
g_yh BH$mB`m| mam ^m[aV AmgV bmJV Umbr Ho$ AmYma na
{H$`m J`m h&
i.
Brokerage/commission
received
subscriptions is reduced from the cost.
on
b.
c.
d.
ii. CnamoV VrZ lo{U`m| _| {V^y{V Ho$ AVaU H$mo AVaU H$s {V{W H$mo
`yZV_ A{^JhU bmJV/~hr _y`/~mmma _y` Ho$ AZwgma boIo _|
{b`m J`m h, Ama Eogo AVaU na hE _y`mg, `{X hmo Vmo, H$m mdYmZ
{H$`m J`m h &
ii.
iii. ammd {~bm| Ama dm{Up`H$ nm| H$m _y`Z AJmZrV `` AmYma
na {H$`m J`m h &
iv. n[andVm Ho$ {bE aIo JE loUr : n[andVm Ho$ {bE aIo JE
loUr Ho$ AVJV {Zdoe O~ VH$ A{H$V _y` go A{YH$ Z hmo,
A{^JhU bmJV AmYma na {bE JE h {Og_| r{_`_ H$m n[aemoYZ
Wm`r bmJV AmYma na eof n[andVm Ad{Y _| {H$`m J`m h& Eogo
r{_`_ Ho$ n[aemoYZ H$mo "{d{ZYmZm| na `mO' erf Ho$ AVJV
Am` Ho$ {V g_m`mo{OV {H$`m J`m h& jor` Jm_rU ~H$m| _| {H$E
JE {d{ZYmZm| H$m _y`Z ^maVr` gZXr boImH$ma gWmZ Ho$ boIm
_mZH$-23 Ho$ AZwgma BpdQ>r bmJV na {H$`m J`m h& AWm`r
{Zdoem| H$mo N>mo S>H$a `oH$ {Zdoe hoVw nWH$ - nWH$ $n go mg Ho$
{bE mdYmZ {H$`m J`m h&
iv.
221
SBI (Consolidated)
Ir JB lo{U`m :
v. {dH$` Ho$ {bE CnbY VWm `dgm` Ho$ {bE aaIr
E E\$ Eg Ama EM E\$ Q>r lo{U`m| _| aIo JE {d{ZYmZm| H$m nWH$-nWH$
$n go ~mOma _y` `m {d{Z`m_H$ {Xem-{ZX}em| Ho$ AZwgma {ZYm[aV
C{MV _y` Ho$ AmYma na nwZ_y`Z {H$`m J`m h, Ama `oH$ loUr Ho$
{bE Ho$db {Zdb _y`mg hoVw nmdYmZ {H$`m J`m h VWm {Zdb
_y`dX{Y H$mo boIo _| Zht {b`m J`m h& _y`mg Ho$ {bE mdYmZ hmoZo
na, ~mOma Ho$ {bE AbJ H$aZo Ho$ ~mX `oH$ {V^y{V H$m _y`
An[ad{VV ahm&
v.
vi. {H$gr AmpV nwZ{Z_mU H$nZr mam mmar {V^y{V agrXm| H$m _y`Z
Ja-gm{d{YH$ Mb{Z{Y AZwnmV (ZmZ-EgEbAma) {bIVm| na bmJy
{Xem-{ZX}em| Ho$ AZwgma {H$`m J`m h & VXZwgma, CZ _m_bm| _| Ohm
AmpV nwZ{Z_mU H$nZr mam mmar {V^y{V agrX Vg~ `momZm Ho$
{bIVm| Ho$ {bE Am~{Q>V {dmr` AmpV`m| H$s dmV{dH$ dgybr VH$ hr
gr{_V h, dhm AmpV nwZ{Z_mU H$nZr go mV {Zdb AmpV _y`,
H$s JUZm Eogo {d{ZYmZm| Ho$ _y`Z Ho$ {bE H$s JB h&
vii. Xoer H$m`mb`m| Ho$ g~Y _| ^maVr` [amd ~H$ Ho$ VWm {dXoe pWV
H$m`mb`m| Ho$ g~Y _| Cg Xoe Ho$ {d{Z`m_H$m| Ho$ {Xem-{ZX}em| Ho$
AmYma na {d{ZYmZm| H$mo AmH$ Ama AZmH$ lo{U`m| _| {d^mpmV
{H$`m J`m h& Xoer H$m`mb`m| Ho$ {d{ZYmZ {ZZ{b{IV pW{V`m| _|
AZmH$ hmo mmVo h :
H$. `mm/{H$V (n[andVm am{e g{hV) Xo` h Ama `h 90 {XZm| go
A{YH$ Ad{Y go ~H$m`m h&
I. B { dQ> r eo ` am| Ho $ g ~ Y _| , mhm AVZ Vw b Zn H$s
AZwnbYVm Ho$ H$maU {H$gr H$nZr Ho$ eo`am| H$mo . 1 {V
H$nZr _y` XmZ {H$`m J`m h - Eogo B{dQ>r eo`am| H$mo AZmH$
{d{ZYmZ _mZm mmEJm &
J. `{X mmarH$Vm mam br JB H$moB F$U-gw{dYm ~H$ - ~hr _|
AZmH$ AmpV hmo JB h, Vmo Eogr pW{V _| Cgr mmarH$Vm mam
mmar {H$gr ^r {V^y{V _| {d{ZYmZ H$mo Ama mmarH$Vm mam
{d{ZYmZ H$mo AZmH$ {d{ZYmZ _mZm mmEJm &
K. Cn`w V, eV Amd`H$ n[adVZm| Ho$ gmW CZ {\$aog eo`am| na ^r
bmJy hmoJr, mhm {ZYm[aV bm^me H$m ^wJVmZ Zht {H$`m J`m h &
L> Eogo {S>~|Mam| / ~mS>m| _| {d{ZYmZ {Oh| A{J_ H$s H${V Ho$
{d{ZYmZ _mZm OmVm h, CZ na AZmH$ {d{ZYmZ Ho$ dhr _mZXS>
bJ|Jo mmo {d{ZYmZm| na bmJy hmoVo h &
M. {dXoer BH$mB`m| Ho$ AZmH$ {d{ZYmZm| Ho$ g~Y _| mdYmZWmZr` {d{Z`_m| AWdm ^maVr` [amd ~H$ Ho$ _mZXS>m| _| go
mmo A{YH$ hmo, CgHo$ AZwgma {H$`m J`m h &
viii.. aonmo / [adg aonmo boZXoZ Ho$ {bE boIm Umbr (^maVr` [aOd
~H$ H$s Mb{Z{Y g_m`moOZ gw{dYm Ho$ AVJV AmZo dmbo boZXoZm|
H$mo N>moS>H$a)
(H$) aonmo/[adg aonmo Ho$ AVJV ~oMr / IarXr JB {V^y{V`m| H$mo
gnmpdH$ F$Umd`Z Ama CYma XoZo g~Yr boZXoZ Ho$ $n _|
boIo _| {b`m J`m h& VWm{n, {V^y{V`m| H$m AVaU gm_m`
EH$_wV {dH$` / H$` boZXoZ H$s Vah {H$`m J`m h Ama
{V^y{V`m| Ho$ Eogo gMbZ H$mo aonmo / [adg aonmo ImVm| Ama
{V-{d{> H$m Cn`moJ H$aVo hE Xem`m J`m h& Cn`wV
{dpQ>`m| H$mo n[andVm H$s {V{W H$mo {Vd{VV {H$`m J`m
h Ama Am` H$mo `mO ``/Am` Ho$ $n _| Ogr ^r pW{V
hmo, boIo _| {b`m J`m h& aonmo ImVo Ho$ eof H$mo AZwgyMr-4
(CYma) Ama [adg aonmo ImVo Ho$ eof H$mo AZwgyMr-7 (~H$mo
_| eof Ama _mJ Ed An gyMZm na m` am{e) Ho$ AVJV
dJuH$V {H$`m J`m h&
vii. Investments are classified as performing and nonperforming, based on the guidelines issued by the
RBI in case of domestic offices/entities and
respective regulators in case of foreign offices/
entities. Investments of domestic offices become nonperforming where:
a.
b.
c.
d.
e.
f.
222
SBI (Consolidated)
(I) ^maVr` [amd ~H$ Ho$ gmW Mb{Z{Y g_m`momZ gw{dYm (EbEE\$)
Ho$ AYrZ H$` / {dH$` H$s JB {V^y{V`m| H$mo {d{ZYmZ ImVo _|
Zm_o/m_m {H$`m J`m h Ama CZH$mo boZXoZ H$s n[andVm H$s {V{W
na {Vd{VV {H$`m J`m h & CZ na `` / A{OV `mm H$mo ``/
Am` Ho$ $n _| boIo _| {b`m J`m h &
3.
3.1 Loans and Advances are classified as performing and nonperforming, based on the guidelines issued by RBI. Loan
assets become non-performing assets (NPAs) where:
gmd{Y F$Um| Ho$ g~Y _|, `mm Ama/AWdm _ybYZ H$s {H$V 90
{XZm| go A{YH$ Ad{Y Ho$ {bE A{VXo` ahVr h;
i.
ii.
iv. H${f A{J_m| Ho$ g~Y _|, Anmd{Y \$gbm| Ho$ {bE mhm _ybYZ H$s
{H$V `m `mm 2 \$gb-F$VwAm| Ho$ {bE A{VXo` ahVo h;
v. H${f A{J_m| Ho$ g~Y _|, XrKmd{Y \$gbm| Ho$ {bE mhm _ybYZ `m `mm EH$
\$gb -F$Vw Ho$ {bE A{VXo` ahVo h &
3.2 AZmH$ AmpV`m| H$mo ^maVr` [amd ~H$ mam {ZYm[aV {ZZ{b{IV _mZXS>m|
Ho$ AmYma na Ad-_mZH$, g{XY Ama hm{ZX AmpV`m| _| dJuH$V {H$`m
J`m h:
i.
iv.
v.
ii. g{XY : Eogr H$moB F$U AmpV, mmo 12 _hrZm| H$s Ad{Y Ho$ {bE
Ad-_mZH$ loUr _| ahr h &
i.
ii.
iii. hm{ZX : Eogr H$moB F$U AmpV, {mg_| hm{Z H$m nVm Mb J`m h qH$Vw
Cg am{e H$mo nyUV`m ~Q>Q>o ImVo _| Zht S>mbm J`m h &
3.3 Provisions are made for NPAs as per the extant guidelines
prescribed by the regulatory authorities, subject to
minimum provisions as prescribed below :
3.3 AZmH$ AmpV`m| Ho$ {bE mdYmZ {d{Z`m_H$ m{YH$aUm| mam {ZYm[aV
dV_mZ {Xem-{ZX}em| Ho$ AZwgma {H$E JE h, na Bg_| {ZZ{b{IV {ZYm[aV
`yZV_ mdYmZ _mZXS>m| H$mo `mZ _| aIm J`m h:
Substandard Assets:
A{V^yV ^mJ :
hm{ZX AmpV`m :
A general
of 10%
provision
i.
Doubtful Assets:
Secured portion:
i.
223
Unsecured portion
100%
Loss Assets:
100%
SBI (Consolidated)
3.4 {dXoe pWV H$m`mb`m|/BH$mB`m| Ho$ AZmH$ A{J_m| Ho$ g~Y _| mdYmZ
WmZr` {d{Z`_m| AWdm ^maVr` [amd ~H$ Ho$ _mZXS>m| _| go mmo A{YH$ Wm,
Ho$ AZwgma {H$E JE h&
3.5 AZOH$ AmpV`m| Ho$ {dH$` H$mo ^maVr` [aOd ~H$ mam {ZYm[aV {Xem{ZX}em| H$o$ AZwgma boIo _| {b`m J`m h& `{X {~H$s {Zdb dhr _y` go H$_
_y` na H$s OmVr h, Vmo H$_ mV hB am{e H$mo bm^ Ed hm{Z ImVo _| Zm_o
{H$`m OmVm h Ama `{X {~H$s {Zdb ~hr _y` go A{YH$ _y` na H$s OmVr h,
Vmo A{V[aV mdYmZ H$s am{e H$mo amoH$H$a aIm OmVm h Ama Cggo A`
{dmr` AmpV`m| H$s {~H$r na hB H$_r/ZwH$gmZ H$mo nyam {H$`m OmVm h& {Zdb
~hr _y` aIo JE {d{e> mdYmZ VWm BgrOrgr Ho$ m Xmdm| _| go KQ>mZo na
~H$m`m h&
3.6 A{J_ H${Vn` F$U hm{Z mdYmZm|, AmV `mm, ^maVr` {Z`mV F$U
JmaQ>r {ZJ_ (Bgrmrgr) Ho$ mV Xmdm| Ama ~Q>Q>mH$V {~bm| H$mo KQ>mH$a
XemE JE h&
3.7 nwZga{MV / nwZ{ZYm[aV AmpV`m| Ho$ {bE mdYmZ ^maVr` [amd ~H$ mam
mmar {Xem -{ZX}em| Ho$ AZwgma {H$E JE h, {mgHo$ AZwgma AZOH$ AmpV`m|
Ho$ {bE mdYmZ H$aZo Ho$ Abmdm, nwZgaMZm go nyd Ama Ho$ ~mX F$U Ho$ C{MV
_y` H$s AVa am{e Ho$ {bE mdYmZ {H$`m J`m h& Cn`wV Ho$ H$maU, C{MV
_y` _| hB H$_r Ama `mJ {H$E JE `mO Ho$ mdYmZ H$mo A{J_m| _| go KQ>m`m
J`m h&
3.8 AZmH$ AmpV`m| Ho$ $n _| dJuH$V F$U ImVm| Ho$ _m_bo _|, {d{Z`m_H$m| mam
{ZYm[aV {Xem-{ZX}em| Ho$ AZw$n hmoZo na hr {H$gr ImVo H$mo AmH$ AmpV Ho$
$n _| nwZdJuH$V {H$`m mm gH$Vm h &
3.9 nyddVu dfm} _| ~Q>Q>o ImVo _| S>mbo JE F$Um| Ho$ gmnoj dgybr JB am{e H$m
{ZYmaU ammd Ho$ $n _| {H$`m J`m h &
3.10 AZOH$ AmpV`m| na H${Vn` mdYmZ Ho$ A{V[aV, _mZH$ AmpV`m| Ho$ {bE
gm_m` mdYmZ ^r {H$E JE h& `o mdYmZ VwbZn H$s AZwgyMr-5 Ho$ "A`
Xo`VmE Ed mdYmZ - A`' erf Ho$ AVJV XemE JE h Ama {Zdb AZOH$
AmpV`m {ZH$mbZo Ho$ {bE BZ na {dMma Zht {H$`m J`m h&
Floating Provision
The bank has a policy for creation and utilisation of floating
provisions separately for advances, investments and general
purpose. The quantum of floating provisions to be created is
assessed at the end of each financial year. The floating
provisions are utilised only for contingencies under extra
ordinary circumstances specified in the policy with prior
permission of Reserve Bank of India.
4. AWm`r mdYmZ
~H$ _| A{J_m|, {d{ZYmZm| Ama gm_m` `moOZ Ho$ {bE AbJ-AbJ AWm`r
mdYmZ H$aZo Ama CZH$m Cn`moJ H$aZo H$s AZw_mo{XV Zr{V h& g{OV {H$E OmZodmbo
AWm`r mdYmZm| H$s am{e `oH$ {dmr` df Ho$ AV _| {ZYm[aV H$s OmVr h&
AWm`r mdYmZm| H$m Cn`moJ ^maVr` [aOd ~H$ H$s nyd AZw_{V go Bg Zr{V _|
{Z{XQ> H$s JB AgmYmaU n[apW{V`m| Ho$ AVJV AmZo dmbr AmH$p_H$VmAm| Ho$
{bE hr {H$`m J`m h&
5.
6.
Derivatives:
6.1 The Bank enters into derivative contracts, such as foreign
currency options, interest rate swaps, currency swaps,
and cross currency interest rate swaps and forward rate
agreements in order to hedge on-balance sheet/offbalance sheet assets and liabilities or for trading purposes.
The swap contracts entered to hedge on-balance sheet
assets and liabilities are structured in such a way that
they bear an opposite and offsetting impact with the
underlying on-balance sheet items. The impact of such
derivative instruments is correlated with the movement
6. S>oardo{Q>g :
6.1 ~H$ VwbZn H$so/VwbZn Ho$ ~mha H$s AmpV`m| Ama Xo`VmAm| H$s {Vajm Ho$
{bE AWdm `mnma `moOZm| hoVw {dXoer _wm {dH$n, `mO Xa {d{Z_`, _wm
{d{Z_` Ama nana _wm `mO Xa {d{Z_` VWm dm`Xm Xa H$ama Ogr S>ao rdo{Q>g
g{dXmE H$aVm h& VwbZn H$s AmpV`m| Ed Xo`VmAm| H$s {Vajm Ho$ {bE H$s
JB {d{Z_` g{dXmE Bg T>J go V`ma H$s OmVr h {H$ do VwbZn H$s AV{Z{hV
_Xm| Ho$ gmW {VHy$b Ed j{Vny{V ^md H$mo ghZ H$a gHo$ & Eogo S>oardo{Q>g
224
SBI (Consolidated)
6.2
6.3
6.4
6.5
{bIVm| H$m ^md AV{Z{hV AmpV`m| Ho$ gMmbZ Ho$ gmW OwS> m hAm h Ama
{Vajm boIm {gXYmVm| Ho$ AZwgma boIm| _| {b`m J`m h&
[Vajm Ho$ $n _| dJuH$V S>oardo{Q>g g{dXmE moX>^yV AmYma na XO H$s JB
h& O~ VH$ AV{Z{hV AmpV`m| / Xo`VmAm| H$mo ^r ~mOma _y` na ~hr _|
em{_b Zht H$a {X`m OmVm, V~ VH$ {Vajm g{dXmAm| H$mo ~mOma _y` na
~hr _| em{_b Zht {H$`m OmVm h&
Cn`w V H$mo N>mSo H$a, A` g^r S>ao rdo{Q>g g{dXmE CmoJ _| M{bV gm_m`V:
drH$V WmAm| Ho$ AZwgma ~mOma _y` na ~hr _| em{_b H$s JB h& ~mOma
_y` na ~hr _| em{_b {H$E JE S>oardo{Q>g g{dXmAm| Ho$ g~Y _|, ~mOma
_y` _| hE n[adVZm| H$mo n[adVZ H$s Ad{Y go bm^ Ama hm{Z ImVo _| Xem`m
J`m h& S>oardo{Q>g g{dXmAm| Ho$ AYrZ mV hmoZo dmbr H$moB ^r am{e 90
{XZm| go A{YH$ Ad{Y Ho$ {bE A{VXo` hmoVr h, Vmo Cgo bm^ Ama hm{Z ImVo
Ho$ O[aE {Vd{VV {H$`m J`m h&
Xm `m mV {dH$n r{_`_ H$mo {dH$n H$s g_m{V na bm^ Ama hm{Z
ImVo _| XO {H$`m J`m h& ~oMo JE {dH$nm| na mV r{_`_ Ama IarXo JE
{dH$nm| na Xm r{_`_ Ho$ eof H$mo \$moaog Amoda {X H$mCQ>a {dH$nm| Ho$
{bE ~mOma _y` na ~hr _| em{_b H$s OmZo dmbr am{e {ZYm[aV H$aZo hoVw
`mZ _| aIm J`m h&
EgM|O _| H$`-{dH$` {H$E JE {dXoer _wm {d{Z_` VWm `mnma Ho$ CX>Xo`
go {H$E JE `mO Xa dm`Xm gmXm| H$mo EgM|O mam Xr JB Xam| Ho$ AmYma na
M{bV ~mOma Xam| na _y`m{H$V {H$`m J`m h Ama n[aUm_r bm^ VWm hm{Z
H$mo bm^ Ama hm{Z ImVo _| em{_b {H$`m J`m h&
AMb AmpV`m|
H$m {ddaU
H$`yQ>a Ama EQ>rE_
hmS>do`a Ho$
A{^ AJ Ho$
$n _| em{_b
H$`yQ>a gmQ>do`a
hmS>do`a Ho$
A{^ AJ Ho$
$n _| Z em{_b
H$`yQ>a gmQ>do`a
31 _mM 2001
VH$ {dmr` nQ>Q>o na
Xr JB AmpV`m
A` AMb
AmpV`m
_y`mg XemZo
H$s n{V
grYr H$Q>mVr Umbr
m{gV _y`
n{V
_y `mg/
n[aemoYZ Xa
33.33% {V df
60%
A{^JhU df
_| 100%
_y`mg
grYr H$Q>mVr
Umbr
m{gV _y`
n{V
H$nZr A{Y{Z`_
1956 Ho$ AYrZ
{ZYm[aV Xa na
Am`H$a {Z`_
1962 Ho$ AYrZ
{ZYm[aV Xa na
Sr. Description of
No. fixed assets
Method of
charging
depreciation
Depreciation/
amortisation
rate
Straight Line
Method
33.33%
every year
Computer
software forming
an integral part
of hardware
Written Down
Value Method
60%
Computer
Software which
does not form
an integral part
of hardware
Assets given on
Straight Line
financial lease upto Method
31st March 2001
At the rate
prescribed
under
Companies
Act 1956
Other fixed
assets
At the rate
prescribed
under
Income-tax
Rules 1962
Written down
value method
100%,
depreciated
in the year
of acquisition
7.4 df Ho$ XmamZ Xoer n[aMmbZm| go m AmpV`m| Ho$ g~Y _| _y`mg 180 {XZm|
VH$ `wV AmpV`m| na AYdf Ho$ {bE VWm 180 {XZm| go A{YH$ `wV
225
SBI (Consolidated)
7.5
7.6
7.7
7.8
AmpV`m| na nyao df Ho$ {bE Xem`m J`m h, m~{H$ H$`yQ>am| Ama gmQ>do`a na
_y`mg - Bg AmpV H$m Cn`moJ H$aZo H$s Ad{Y go {Zanoj nyao df Ho$ {bE
Xem`m J`m h &
Eogr _X| {mZ_| go `oH$ H$m _y` ` 1,000 go H$_ hmo Ch| H$` df _| hr ~Q>Q>o
ImVo _| S>mb {X`m J`m h &
nQ>Q>mH$V n[agam| go g~ nQ>Q>m r{_`_, `{X hmo Vmo, H$mo nQ>Q>m Ad{Y na
n[aemo{YV {H$`m J`m h Ama nQ>Q>m {H$am`m Cgr df Ho$ IM Ho$ $n _|
Xem`m J`m h&
~H$ mam 31 _mM 2001, H$mo `m Cggo nyd nQ>Q>o na Xr JB AmpV`m| Ho$ g~Y
_| n>o na Xr JB AmpV`m| Ho$ _y` H$mo nQ>Q>mH$V AmpV`m| Ho$ $n _| AMb
AmpV`m| Ho$ AVJV Xem`m J`m h Ama dm{fH$ nQ>Q>m ewH$ (nymr-dgybr)
Ed _y`mg Ho$ AVa H$mo nQ>Q>m g_mZrH$aU boIo _| {b`m J`m h &
{dXoer emImAm|/AZwf{J`m|/gh`mo{J`m| mam Ym[aV AMb AmpV`m| na
_y`mg H$m mdYmZ g~{YV Xoem| Ho$ WmZr` {d{Z`_m|/_mZXS>m| Ho$ AZwgma
{H$`m J`m h &
7.5 Items costing less than ` 1,000 each are charged off in
the year of purchase.
7.6 In respect of leasehold premises, the lease premium, if
any, is amortised over the period of lease and the lease
rent is charged in the respective year.
7.7 In respect of assets given on lease by the Bank on or before
31st March 2001, the value of the assets given on lease is
disclosed as Leased Assets under fixed assets, and the
difference between the annual lease charge (capital
recovery) and the depreciation is taken to Lease
Equalisation Account.
7.8 In respect of fixed assets held at foreign offices/entities,
depreciation is provided as per the regulations /norms
of the respective countries.
8. nQ>Q>o
AmpV dJuH$aU Ama A{J_m| Ho$ {bE bmJy mdYmZrH$aU _mZXS>m| H$m Cn`wV
AZwNo>X 3 _| {XE JE {Xem-{ZX}em| Ho$ AZwgma BZ {dmr` nQ>Q>mo| _| ^r `moJ {H$`m
J`m h &
8.
Leases
The asset classification and provisioning norms applicable to
advances, as laid down in Para 3 above, are applied to financial
leases also.
9.
Impairment of Assets
Fixed Assets are reviewed for impairment whenever events
or changes in circumstances warrant that the carrying amount
of an asset may not be recoverable. Recoverability of assets to
be held and used is measured by a comparison of the carrying
amount of an asset to future net discounted cash flows
expected to be generated by the asset. If such assets are
considered to be impaired, the impairment to be recognised
is measured by the amount by which the carrying amount of
the asset exceeds the fair value of the asset.
i.
ii.
v.
226
SBI (Consolidated)
vii _m{H$ _Xm| Ho$ {ZYmaU go CX^yV {d{Z_` AVa am{e`m| H$mo CZ
Xam|, mmo Xa| Ama^ go Xm H$s JB Wt, go {^ Xam| na Cg Ad{Y,
{mg_| `o Xa| CX^yV hB h, Ho$ Am` `m `` Ho$ $n _| {ZYm[aV
{H$`m J`m h>&
viii Iwbo {dH$n dmbo _wm dm`Xm boZXoZ _| {d{Z_` Xam| _| n[adVZ
Ho$ H$maU hmoZo dmbo bm^ / hm{Z H$mo EgM|O {bA[aJ hmCg Ho$
gmW X{ZH$ AmYma na {ZnQ>mZ {H$`m J`m h Ama Eogo bm^ / hm{Z
H$mo bm^ Ama hm{Z ImVo _| Xem`m J`m h&
Non-integral Operations:
i.
ii.
I . g_mH${bV n[aMmbZ:
i. {dXoer _wm boZXoZ H$mo boZXoZ H$s {V{W H$mo gy{MV _wm Ama
{dXoer _wm _| {d{Z_` Xa na {dXoer _wm am{e Ho$ `moJ mam
gy{MV _wm _| Ama{^H$ A{^kmZ na Xm {H$`m J`m h &
b.
Integral Operations:
i.
ii.
227
SBI (Consolidated)
Ho$ {bE Wm{nV `mg _| o{fV H$a {X`m J`m h VWm bm^ Ama
hm{Z ImVo _| IM Ho$ $n _o {XIm`m J`m h& g_yh H$s H$n{Z`m,
dm{fH$ AeXmZ Ama `mm XoZo Ho$ {bE CmaXm`r h& `h `mm
Xa Xo` {Z{X> `yZV_ `mm Xa Ho$ ~am~a hmoVr h& H$n{Z`m$
Bg H$ma Ho$ dm{fH$ AeXmZm| Ama Cg na `mm H$mo g~{YV
df Ho$ gX^ _| `` _mZVr h&
I. g_yh H$s H$n{Z`m, Jo`wQ>r, n|eZ mgr {Z`V {hVbm^ `momZmE
n[aMm{bV H$aVr h&
J.
ii.
b.
c.
d.
e.
228
SBI (Consolidated)
b.
13.1 The Bank reports basic and diluted earnings per share in
accordance with AS 20 -Earnings per Share issued by
the ICAI. Basic earnings per share are computed by
dividing the net profit after tax (other than minority) by
the weighted average number of equity shares outstanding
for the year.
13.2 Diluted earnings per share reflect the potential dilution
that could occur if securities or other contracts to issue
equity shares were exercised or converted during the
year. Diluted earnings per share is computed
using the weighted average number of equity shares
and dilutive potential equity shares outstanding at
year end.
14. Provisions, Contingent Liabilities and Contingent Assets
229
SBI (Consolidated)
14.2 {ZZ{b{IV Ho$ {bE {H$gr mdYmZ H$m A{^kmZ Zht {H$`m J`m h&
i.
{nN>bo n[aUm_ go CX^yV {H$gr g^m{dV Xm{`d Ho$ {bE Ama ~H$
Ho$ {Z`U go ~mha hmoZo dmbo EH$ `m A{YH$ A{ZpMV ^mdr n[aUm_m|
H$s m{V `m Am{V go {mgH$s nw{> H$s mm gHo$Jr; AWdm
ii. {H$gr dV_mZ Xm{`d Ho$ {bE, mmo {nN>bo n[aUm_m| go CX^Vy h, {H$Vw Cgo
A{^kmZ _| Zht {b`m J`m h, `m|{H$
i.
ii.
H$. `h g^d Zht h {H$ Xm{`d Ho$ {ZYmaU _| Am{WH$ bm^m| H$mo
g_m{d> H$aZo dmbo ggmYZm| H$m ~{hJ_Z Amd`H$ hmoJm; AWdm
14.3 AmH$p_H$ AmpV`m| H$mo {dmr` {ddaUm| _| em{_b Zht {H$`m J`m h&
eo`a mmar H$aZo Ho$ `` H$mo eo`a r{_`_ ImVo _| IM Ho$ $n _| {XIm`m J`m h&
230
SBI (Consolidated)
- 18
SCHEDULE 18
NOTES TO ACCOUNTS:
(Amount in Rupees in crores)
1.
1. / /
:
1.1 30 ,
8 26 (
) :
)
.
.
(%)
1.
75.07
2.
100.00
3. (25.08.2010 )
98.05
4.
92.33
5.
100.00
6.
75.01
7.
100.00
8.
100.00
9.
100.00
10.
100.00
11.
100.00
12.
71.56
13.
100.00
14.
86.82
15. .
98.15
16.
. @
65.00
17. .@
74.00
18. . .
100.00
19. ()
100.00
20. ()
100.00
21. () .
93.40
22.
76.00
23. () .
100.00
24.
@
60.00
25. . .@
63.00
26. . .@
74.00
27.
@
60.00
28. .
55.05
29.
63.00
() . .@
30. () .
100.00
* 27
.
` ' 21
A)
Sr.
No
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
21)
22)
23)
24)
25)
26)
27)
28)
29)
30)
231
SBI (Consolidated)
)
.
.
1.
2.
3.
4.
5.
6.
7.
8.
)
.
.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
..
..
..
.
- . .
. .
:
18.
19.
B)
Sr.
No
1)
2)
(%)
49.00
3)
40.00
4)
45.00
45.00
5)
45.00
6)
45.00
50.00
50.00
7)
8)
(%)
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
26.27
35.00
35.00
Joint Ventures
Name of the Joint Venture
Country of
Incorporation
C - Edge Technologies Ltd.
India
GE Capital Business
Process Management
Services Pvt Ltd.
India
SBI Macquarie
Infrastructure
Management Pvt. Ltd.
India
SBI Macquarie
Infrastructure
Trustee Pvt. Ltd.
India
Macquarie SBI
Infrastructure
Management Pte. Ltd.
Singapore
Macquarie SBI
Infrastructure
Trustee Ltd.
Bermuda
Oman India Joint
Investment Fund
Trustee Company Pvt. Ltd.
India
Oman India Joint
Investment Fund
Management
Company Pvt. Ltd.
India
C) Associates:
Sr. Name of the Associate
Country of
No
Incorporation
1) Andhra Pradesh
Grameena Vikas Bank
India
2) Arunachal Pradesh
Rural Bank
India
3) Chhatisgarh Gramin Bank
India
4) Ellaquai Dehati Bank
India
5) Meghalaya Rural Bank
India
6) Krishna Grameena Bank
India
7) Langpi Dehangi Rural Bank
India
8) Madhya Bharat Gramin Bank
India
9) Mizoram Rural Bank
India
10) Nagaland Rural Bank
India
11) Parvatiya Gramin Bank
India
12) Purvanchal Kshetriya
Gramin Bank
India
13) Samastipur Kshetriya
Gramin Bank
India
14) Utkal Gramya Bank
India
15) Uttaranchal Gramin Bank
India
16) Vananchal Gramin Bank
India
17) Marwar Ganganagar Bikaner
Gramin Bank
India
18) Vidisha Bhopal Kshetriya
Gramin Bank
India
19) Deccan Grameena Bank
India
232
Groups
Stake (%)
49.00
40.00
45.00
45.00
45.00
45.00
50.00
50.00
Groups
Stake (%)
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
26.27
35.00
35.00
SBI (Consolidated)
20.
21.
22.
23.
24. .
25. . . .
(15.03.11 )
26.
32.32
35.00
35.00
29.22
20.00
50.00
25.05
India
32.32
India
35.00
India
35.00
India
29.22
Bhutan
20.00
India
50.00
India
25.05
1.2 2009-10 -
;
. , 2010
,
26.08.2010 () /
. ()
. ()
. : 4.69% 0.47%
. 25%
: :
71.56%
. . . . 01.04.2010 15.03.2011
.,
( ) , 15.03.2011
, 50%
. ( )
() ., ( . )
10.12.2010
31.03.2011
a.
b.
c.
d.
e.
(),
,
,
(i)
(1) - . .
(2) - . .
. .
86.82%
. . ,
, 5 2010 .
233
f.
g.
SBI (Consolidated)
1.3 ., ,
23 2008
31 2009
1.4 ., ,
( ) ,
31 2010
2. :
2.1 ` 1,000
` 5,000 ` 10
2.
Share capital:
2.1 During the year, the authorised share capital of
SBI is increased from ` 1,000 crores to
` 5,000 crores divided into five hundred crores
fully paid up shares of ` 10/- each.
2.2 During the year, SBI has allotted 1,741 equity
shares of ` 10/- each for cash at a premium of
` 1,580/- per equity share aggregating to
` 27,68,190/- out of 85,856 shares kept in
abeyance under Right Issue 2008. Out of the
total subscription of ` 27,68,190/- received,
` 17,410/- was transferred to Share Capital
Account and ` 27,50,780/- to Share Premium
Account. Further, 1,14,606 shares of ` 10/- each
were allotted to the share holders of erstwhile
State Bank of Indore upon its merger with State
Bank of India and ` 11,46,060/- was transferred
to Share Capital Account.
2.3 SBI has kept in abeyance the allotment of 84,115
(Previous Year 85,856) Equity Shares of ` 10/each issued as a part of Rights Issue, since they
are subject to title disputes or are subjudice.
3.
Employee Benefits
3.1.1 Defined Benefit Plans
The following table sets out the status of the
defined benefit Pension Plan and Gratuity Plan
as required under AS 15 (Revised 2005).
2.2 2008
85,856 ` 10
` 1,580/- ` 27,68,190/- 1741
` 27,68,190/-
, ` 17,410/- ` 27,50,780/ ,
` 10/- 1,14,606
` 11,46,060/-
2.3
` 10/- 84,115 ( 85,856)
,
3. - :
3.1.1
-15 ( 2005)
:
-
1 2010
()
(
)
( )
()
31 2011
Particulars
Pension Plans
CY
7927.41
2224.44
783.14
234
PY
Gratuity
CY
PY
SBI (Consolidated)
1 2010
/ ()
31 2011
31 2011
31 2011
/ ( )
/ ()
/ ()
()
/
-
()
( )
()
16 `
' .
Particulars
Pension Plans
CY
PY
Gratuity
CY
PY
1552.50
1415.60
417.25
383.87
1815.59
1650.48
508.69
130.28
599.25
Nil
Nil
Nil
Benefits Paid
Actuarial Gains / (Losses)
Closing fair value of plan assets at
31st March 2011
1083.04
3647.26
Deficit/(Surplus)
18938.95
985.32
17953.63
7668.52 2229.32
Nil
126.77
628.78
Nil
7668.52 1600.54
126.77
Liabilities
Assets
18938.95
985.32
17953.63
7668.52 2229.32
Nil
126.77
628.78
Nil
7668.52 1600.54
126.77
1216.08
1087.38
280.78
225.74
Interest Cost
2281.46
1922.46
406.54
399.12
800.23 (171.64)
2677.28 1982.46
37.45
Net Liability/(Asset )
1127.47
26.05
675.22
454.26
Amount Recognised in
the Balance Sheet
628.78
759.67
193.75
985.32
17953.63
69.35
381.00
Nil
236.94
Nil
675.22
Nil
193.75
Nil
1127.47
1083.04
3647.26
2677.28 1982.46
1552.50
1415.60
800.23 (171.64)
69.35
1552.50
1415.60
417.25
383.87
235
417.25
383.87
SBI (Consolidated)
/ ()
759.67 454.26 26.05 37.45
2312.17
1869.86
Particulars
PY
CY
PY
759.67
454.26
26.05
37.45
2312.17
1869.86
443.30
421.32
7668.52
6641.72
126.77
187.70
3647.26
2677.28 1982.46
69.35
/
()
Gratuity
CY
Actuarial Gain/ (loss)
on Plan Assets
443.30 421.32
Pension Plans
1 2010
7668.52
6641.72
126.77
187.70
3647.26
2677.28 1982.46
69.35
1306.70
1306.70
Nil
Nil
Nil
7927.41
Recognised in Reserve
7927.41
Nil
Nil
Nil
2596.26
1650.48
508.69
130.28
Employers Contribution
2596.26
1650.48
508.69
130.28
7668.52 1600.54
126.77
/()
17953.63
31 201 :
24.05
11.11
23.47
5.28
2.48
33.61
100.00
43.54
2.47
27.44
1.02
5.34
20.19
100.00
24.05
43.54
11.11
2.47
23.47
27.44
5.28
1.02
Bank Deposits
2.48
5.34
Others
33.61
20.19
Total
100%
100%
Pension Plans
Gratuity
Gratuity
Fund
% of Plan % of Plan
Assets
Assets
17953.63
Particulars
8%
8.50%
7.50%
8 %
2%
6%
8%
8.50%
7.50%
8 %
2%
6%
7%
8.50%
7.50%
8 %
4%
6%
7%
8.50%
7.50%
8 %
4%
6%
,
, ,
-
/
CY
PY
CY
PY
Discount Rate
8% to
8.50%
7% to
8.50%
8% to
8.50%
7% to
8.50%
7.50%
to 8 %
7.50%
to 8 %
7.50%
to 8 %
7.50%
to 8 %
Salary Escalation
2% to
6%
4% to
6%
2% to
6%
4% to
6%
236
SBI (Consolidated)
-
-
3.1.2
-15 ( 2005 ) -
,
,
` 931.70
( ` 420.19 )
` '
3.1.3
1 2010
/
` 11.75 ( )
( ,
, ,
) 1 2010
` 1.53 ( )
3.1.4
` 933.09 (
` 233.54 )
` '
, -
:
-
.
1
2
Sl.
694.18
( / )
72.29
39.48
81.73
23.22
35.16
3.38
(8.55)
(6.95)
13.73
5.65
44.55
5.98
933.09
233.54
Year
694.18
162.78
72.29
39.48
Sick Leave
81.73
23.22
35.16
3.38
Resettlement Expenses on
Superannuation
(8.55)
(6.95)
Casual Leave
13.73
5.65
Retirement Award
44.55
5.98
933.09
233.54
Total
237
Current Previous
Year
162.78
Long Term
SBI (Consolidated)
3.1.5
()
, 31 2011
,
, ` 11,707 ` 1,306.70
,
` 7,927.41
.
//./16165/21.04.018/2010-11
,
` 2,473.00
()
, 1972
,
31 2011
, ` 1,965
` 865
` 700 ,
` 400
,
,
.. / /
/ 80 / 21.04.018/2010-11 9 2011
() ()
,
` 1,801.80 ,
, 1972
,
` 559.16 15 `` ''
, ` 2,360.96
( ` 1,801.80 + ` 559.16 )
238
SBI (Consolidated)
,
///
80/21.04.018/2010-11-
09.02.2011
` 2,360.96
` 475.72
( )
` 1,885.24
/
() -15-
() ` 10,400.30 ,
() ` 1,965.00
() /
` 2,360.96
, 15
` 10,212.65
Treasury
Retail Banking
Insurance Business
3.2
3.2.1
) ( )
/
/
-
, ,
-
:
) :
:
- /
) / : /
,
-
239
SBI (Consolidated)
/
) :
) :
.
) : () ()
,
. .
. . - /
) ( ):
i) - ,
ii) - ,
) , :
/
,
/
3.2.2
:
1) -
2)
3)
`` ''
240
SBI (Consolidated)
3.2.3
3.2.3
AzL>\pZ _tESp
SEGMENT INFORMATION
: ()
PART A:
Business Segment
Revenue
Result
()
Unallocated (Income)
()
Unallocated (Expenses)
()
Operating Profit (PBT)
Taxes
/
Extraordinary Profit/Loss
Net Profit
Treasury
Corporate /
Wholesale
Banking
Retail
Banking
Insurance
Business
Other
Banking
Operations
Elimination
25019.96
(30621.88)
45337.75
(39847.90)
58612.55
(44757.02)
16016.57
(16120.65)
2857.09
(2401.99)
()
147843.92
(133749.44)
-1404.68
(4408.86)
8240.18
(7762.42)
15547.80
(9021.20)
330.39
(272.78)
791.53
(-76.75)
()
23505.22
(21388.51)
()
()
()
()
()
()
(102.39)
()
()
()
()
()
()
3585.46
(2808.87)
()
()
()
()
()
()
19919.76
(18682.03)
()
()
()
()
()
()
8739.82
(6668.38)
()
()
()
()
()
()
()
()
()
()
()
()
()
11179.94
(12013.65)
416212.50
(420007.04)
535879.58
(449429.89)
637695.87
(535117.22)
39722.33
(27985.44)
7354.53
(8420.28)
()
1636864.81
(1440959.87)
()
()
()
()
()
()
11033.44
(9184.10)
()
()
()
()
()
()
1647898.25
(1450143.97)
202393.63
(181831.11 )
496020.54
(440814.86)
766973.70
(664634.16)
37517.06
(26080.52)
4477.68
(5458.20)
()
1507382.61
(1318818.85)
()
()
()
()
()
()
57044.39
(48189.54)
()
()
()
()
()
()
1564427.00
(1367008.39)
TOTAL
:
Other Information:
Segment Assets
Unallocated Assets
Total Assets
Segment Liabilities
Unallocated Liabilities
Total Liabilities
: ()
PART B : SECONDARY (GEOGRAPHIC) SEGMENTS:
<\\ZN
Particulars
Revenue
Assets
i)
ii)
i)
ii)
Qu ] r TqZEp[S
<\Qu ] r TqZEp[S
YpuB
Domestic Operations
Foreign Operations
Total
1,40,649.70
(1,28,347.46)
7,194.22
(5,504.37)
1,47,843.92
(1,33,851.83)
14,88,178.32
(13,11,718.84)
1,59,719.93
(1,38,425.13)
16,47,898.25
(14,50,143.97)
/ / 31 2011
Income/Expenses are for the whole year. Assets/Liabilities are as at 31st March 2011.
Figures within brackets are for previous year.
241
SBI (Consolidated)
3.3
:
3.3.1 :
) :
1. . .
2. .
3. ..
4. ..
5. ..
6. .
7. - . .
8. - . .
) :
i)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
ii
23.
24. .
25. . . . . (15.03.2011 )
26. .
3.3
3.3.1
A)
JOINT VENTURES:
1.
2.
3.
4.
5.
6.
7.
8.
B)
ASSOCIATES:
i)
ii)
Others
23. The Clearing Corporation of India Ltd.
24. Bank of Bhutan Ltd.
25. S. S. Ventures Services Pvt. Ltd. (upto
15.03.2011)
26. SBI Home Finance Ltd.
C)
) :
1. . . , (31.03.2011 )
2. . . , (31.10.2010 )
3. . ,
242
SBI (Consolidated)
3.3.2
:
() 18 9 `
'
18 5
-
:
1. - .
2. ..
3. . .
4. . .
5. .
6. .
7. - . .
8. - . .
9. .
10. . . . (15.03.2011 )
11. .
12. . . , (31.03.2011 )
13. . . , (31.10.2010 )
14. . ,
3.3.3. :
- #
52.09
(112.99)
#
10.62
(21.94)
#
42.91
(26.94)
#
()
$
(4.00)
$
()
2.80
$
(5.96)
$
(0.05)
$
150.34
(144.48)
$
142.33
(146.83)
( )
# 31
$
0.04
()
()
()
()
()
()
()
()
()
0.60
(0.63)
14.
3.3.3
Particulars
Key Management
Personnel &
their relatives
Deposit#
52.09
0.04
(112.99)
()
Other Liabilities#
10.62
(21.94)
()
Investments#
42.91
(26.94)
()
Advances #
()
()
Interest paid $
(4.00)
()
Interest received $
()
()
Income earned by
2.80
way of Dividend $
(5.96)
()
Other Income $
(0.05)
()
Other Expenditure $
150.34
(144.48)
()
Management Contract $
142.33
0.60
(146.83)
(0.63)
(Figures in brackets pertain to previous year)
# Balances as at 31st March
$ Transactions for the year
52.13
(112.99)
10.62
(21.94)
42.91
(26.94)
()
(4.00)
()
2.80
(5.96)
(0.05)
150.34
(144.48)
142.93
(147.46)
243
Associates/
Joint
Ventures
Total
52.13
(112.99)
10.62
(21.94)
42.91
(26.94)
()
(4.00)
()
2.80
(5.96)
(0.05)
150.34
(144.48)
142.93
(147.46)
SBI (Consolidated)
3.4 :
3.4 Leases:
1 2001
:
Finance Leases
Assets taken on Financial Leases on or after 1st April
2001: The details of financial leases are given below:
Particulars
0.43
1 5
0.73
Current
Year
0.43
1 to 5 years
0.73
1.16
Total
1.16
0.11
0.11
1 5
0.10
1 to 5 years
0.10
Total
0.21
0.21
0.32
0.32
1 5
0.63
1 to 5 years
0.63
Total
0.95
126.64
73.67
1 5
298.43
170.38
63.62
51.12
488.69
295.17
145.85
78.25
0.95
Operating Lease*
Particulars
Current Previous
Year
Year
126.64
73.67
298.43
170.38
63.62
51.12
Total
488.69
295.17
145.85
78.25
3.5 :
20 - ` '
,
244
SBI (Consolidated)
` '
63,49,52,049 63,48,80,626
( )
( )
63,49,52,049 63,48,80,626
10684.95
11733.83
(`)
168.28
184.82
(`)
168.28
184.82
10.00
10.00
(`)
31 2011 31 2010
63,49,52,049 63,48,80,626
10684.95
11733.83
168.28
184.82
168.28
184.82
10.00
10.00
i)
ii)
Particulars
As at
31-Mar
2011
As at
31-Mar
2010
118.35
310.73
9.41
52.57
308.43
1837.31
1943.24
1462.44
552.11
846.56
2931.54
4509.61
31.73
32.46
1034.68
611.65
427.60
431.92
ii)
:
63,49,52,049 63,48,80,626
i) , ` 1398.06
[ ` 1315.71 ]
3.6
Previous
Year
Current
Year
118.35
310.73
9.41
52.57
308.43
1837.31
1943.24
1462.44
552.11
846.56
2931.54
4509.61
31.73
32.46
1034.68
611.65
Others
427.60
431.92
Total
1494.01
1076.03
1494.01
1076.03
/ ()
1437.53
3433.58
1437.53
3433.58
Interest on securities
245
SBI (Consolidated)
3.7 :
, ,
28 - `
'
3.8 ,
) - :
) ( )
) ( )
)
)
)
)
)
) mg
)
7341.56
Particulars
a)
7980.75
1398.06
(1315.71)
(9.39)
9.58
3.34
6228.77
386.20
825.77
1261.35
152.67
766.10
(1355.10)
36.11
22059.57
264.80
12785.29
10870.00
Break up of provisions:
f)
g)
b)
) :
7980.75
1398.06 (1315.71)
(9.39)
9.58
3.34
10870.00
6228.77
386.20
825.77
1261.35
152.67
766.10 (1355.10)
36.11
264.80
22059.57 12785.29
Floating provisions:
Particulars
645.17
514.64
9.15
163.42
175.11
32.89
479.21
645.17
7341.56
( )
Current Previous
Year
Year
a)
Opening Balance
d) Closing balance
246
Current Previous
Year
Year
645.17
514.64
9.15
163.42
175.11
32.89
479.21
645.17
SBI (Consolidated)
)
.
c)
Sr. No Particulars
-
, ,
,
/
,
,
, ,
,
,
:
) , / /
, , ,
,
,
d)
) - :
)
)
)
)
493.26
191.14
228.35
456.05
Liability on account of
outstanding forward
exchange contracts
e)
303.95
215.30
25.99
493.26
4
,
247
SBI (Consolidated)
, 31 2011
` 1078.97
` ' ` 168.98
5.
,
` 470.80 ,
``
''
6. ..
42/21.01.02/2007-08
7.
-
-
,
8.
-
-
( )
(Diwakar Gupta)
T}VzR <SQu]@
Managing Director & Chief Financial Officer
(. )
(A. Krishna Kumar)
( )
( . )
(H. G. Contractor)
( )
Chartered Accountants
(. )
( . )
(R. Sridharan)
(Viraf R. Mehta)
( )
Partner
/ M.No. 32083
. / Firm Registration No. 104607 W
, 17 , 2011
Kolkata, 17th May 2011
( )
(Pratip Chaudhuri)
Chairman
248
SBI (Consolidated)
I.
43900,13,17
(8372,38,53)
(1646,01,95)
(1344,61,47)
1251,55,95
(3272,61,32)
(32,08,81)
(418,21,12)
43473,58,36
(13407,82,44)
111853,87,12
125261,69,56
155327,45,48
111853,87,12
19424,76,53
18402,21,30
1380,55,16
1321,56,46
20,74,79
9,94,81
11256,20,62
6228,77,13
IV.
III.
II.
(` )
(` in thousand)
VI.
I.
1261,34,96
152,67,07
741,90,27
(1243,27,73)
24,19,63
(111,82,57)
(3091,75,23)
(4930,43,83)
135,12,21
(3022,98,14)
2,58,95
129,13,12
33,51,48
961,43,45
18,22,03
6,90,26
4031,45,63
3520,54,39
(223,26,31)
(229,52,26)
Taxes Paid
(7672,20,51)
(8444,43,35)
/ SUB TOTAL
_XpYpuGS Adjustment for:
GXpZp<]Ypu Xu \w</(@Xr) Increase/(Decrease) in Deposits
fRpZZp<]Ypu Xu \w</(@Xr) Increase/(Decrease) in Borrowings
<\<SRpSpu Xu (\w<)/@Xr (Increase)/Decrease in Investments
d<B}Xpu Xu (\w<)/@Xr (Increase)/Decrease in Advances
27343,40,21
12750,70,11
139097,91,98
104476,23,82
13575,75,03
14032,55,34
249
(4131,61,41)
(31757,08,01)
(148156,11,54)
(125368,02,88)
SBI (Consolidated)
(` )
(` in thousand)
31.3.2011 @pu _XpO \^{{
Year ended 31.3.2011
27849,87,35
14131,77,63
(11679,08,45)
3361,45,46
43900,13,17
(8372,38,53)
()
NET CASH FROM / (USED IN) OPERATING ACTIVITIES
II.
4,95,69
547,79,04
223,26,31
229,52,25
(1874,23,95)
(2121,92,76)
(1646,01,95)
(1344,61,47)
27,68
38,50
6838,98,00
3437,46,26
(289,00,00)
(4031,45,63)
(3520,54,39)
(1420,22,28)
(2821,38,33)
(136,01,82)
(79,53,36)
1251,55,95
(3272,61,32)
(13,55,15)
(54,32,29)
(18,53,66)
(363,88,83)
(32,08,81)
(418,21,12)
III.
Proceeds from issue of Capital
Issue of Bonds
Dividends tax Paid by subsidiaries
/ ()
NET CASH FROM / (USED IN) FINANCING ACTIVITIES
IV.
Foreign Currency Translation Reserve
- pu
Others-Revaluation of foreign currency bonds
250
SBI (Consolidated)
(` )
(` in thousand)
V.
8657,22,06
5462,49,27
73538,36,00
68698,57,39
29658,29,06
51100,62,90
111853,87,12
125261,69,56
9148,70,38
8657,22,06
110201,13,02
73538,36,00
35977,62,08
29658,29,06
155327,45,48
111853,87,12
YpuB TOTAL
VI.
`pP S@Qr
(e_Xu <\Qu]r @Zu_r SpuJ> OPp dU _X<[O `v)
Cash in hand
(including FC notes & gold)
YpuB TOTAL
( )
(Diwakar Gupta)
T}VzR <SQu]@
Managing Director & Chief Financial Officer
(. )
(A. Krishna Kumar)
( )
( . )
(H. G. Contractor)
( )
Chartered Accountants
(. )
( . )
(R. Sridharan)
(Viraf R. Mehta)
( )
Partner
/ M.No. 32083
. / Firm Registration No. 104607 W
( )
(Pratip Chaudhuri)
, 17 , 2011
Chairman
251
SBI (Consolidated)
1. ( ), ,
( ) 31 2011
-
:
1.
i. 14 () - ,
ii. - 28 ()
, 25 () 8 ()
,
iii. 2 () , 1 ()
ii.
, -
2. --
-
,
, -
- -
-
-
3. 13
- ,
252
2.
3.
SBI (Consolidated)
31 2011 ` 1,223,736
` 97,219
` 36,685
4.
4. ,
, 31 2011
` 4,37,099 ` 52,145
` 3,614
- - ,
,
-
5.
5. 2 () , 1 ()
, 31 2011 ` 3,378
, ` 153
` (123)
,
6.
7.
6. ,
-21" ", -23 "
" -27`` '' ,
7. ,
18 - -
3.1.5 , ;
. //
/16165/21.04.018/2010-11 18
2011
` 7,927.41
. ...
80/21.04.018/2010-11 9 2011
` 400
253
a.
b.
SBI (Consolidated)
c.
. ...
80/21.04.018/2010-11 9 2011
() 15,
` 1,885.24
8. -
-
-
:
8.
. 31 2011
;
.
;
b.
c.
:
: 17 2011
. : 32083
. 104607W
254
: Kolkata
: 17th May 2011
State Bank Group
( - II)
New Capital Adequacy Framework
(Basel - II)
- III ( )
255
(), 31.03.2011
-1
1. :
1.1
1.2
: , -II .
, , / , /
, /
1.2.1 : : ( ) 21 :
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
(%)
(25 , 2010 )
. .
.
. .
- . .
( . .)
.
. .
()
()
()
( ) .
.
. .
.
.
.
() . .
()
75.07
100.00
98.05
92.33
100.00
75.01
100.00
100.00
100.00
100.00
100.00
71.56
100.00
86.82
98.15
65.00
74.00
100.00
100.00
100.00
93.40
76.00
100.00
60.00
63.00
74.00
60.00
55.05
63.00
100.00
1.2.2 : , - 27
(%)
1
2
3
4
5
6
7
8
.
. .
. .
. .
. .
. .
- . .
- .
256
49.00
40.00
45.00
45.00
45.00
45.00
50.00
50.00
Qualitative Disclosures
1.1
Parent: State Bank of India is the parent company to which the Basel II Framework applies.
1.2
1.2.1 Fully Consolidated Entities: The following Subsidiaries and Joint Ventures (which are also subsidiaries) are fully consolidated on a line by line
basis as per Accounting Standard AS 21.
S.No
1)
2)
75.07
3)
4)
92.33
5)
100.00
6)
7)
100.00
8)
100.00
9)
100.00
10)
100.00
11)
100.00
12)
13)
14)
86.82
15)
98.15
16)
65.00
17)
74.00
100.00
98.05
75.01
71.56
100.00
18)
100.00
19)
100.00
20)
100.00
21)
93.40
22)
76.00
23)
24)
60.00
25)
63.00
26)
74.00
27)
60.00
28)
55.05
29)
63.00
30)
100.00
100.00
1.2.2 Pro Rata Consolidated Entities: The entities which are joint Ventures are consolidated pro rata as per Accounting Standard AS27.
S.No
1)
2)
3)
4)
5)
6)
7)
8)
Groups Stake(%)
257
49.00
40.00
45.00
45.00
45.00
45.00
50.00
50.00
1.2.3 ,
, 23
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
(%)
.
.
. .
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
26.27
35.00
35.00
32.32
35.00
35.00
29.22
20.00
50.00
25.05
1.3
,
,
1
2
3
4
..
(%)
49.00
40.00
74.00
74.00
2.
2.1
2.2
( ) :
( -) , , , ,
:
1)
2)
:
:
` 740.00
` 111.00
:
:
(74%)
,
(74%)
258
1.2.3 All the subsidiaries, joint ventures and associates of State Bank are consolidated. Hence there is no entity which is excluded from
consolidation. In addition to the above mentioned Subsidiaries and Joint Ventures, the following associates are consolidated as per
Equity Accounting in terms of AS 23.
S.No
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
21)
22)
23)
24)
25)
26)
1.3
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
35.00
26.27
35.00
35.00
32.32
35.00
35.00
29.22
20.00
50.00
25.05
1)
49.00
2)
40.00
3)
74.00
4)
74.00
2.
Quantitative Disclosures:
2.1
The aggregate amount of capital deficiencies in all subsidiaries not included in the consolidation i.e. that are deducted and the names(s) of
such subsidiaries: Nil
2.2
The aggregate amounts (e.g. current book value) of the banks total interests in insurance entities, which are risk-weighted as well as their name,
their country of incorporation or residence, the proportion of ownership interest and, if different, the proportion of voting power in these
entities in addition, indicate the quantitative impact on regulatory capital of using this method versus using the deduction:
1)
2)
Name
Country of Incorporation
India
Ownership interest
Name
Country of Incorporation
India
Ownership interest
NA
Under deduction method: Entire investment made in the Insurance subsidiary is reduced from Capital Funds of the Bank, for the purpose of
Capital Adequacy calculation.
259
- 2
:
()
(-I)
(-I)
-II
, ,
2010-11 26 2010
` 10.80
- - ( - 37%),
( -40%), ( 5.89%), ( 4.39%), ( 2.95%)
2010-11 ` 95
` 13.64 25% :
` 290.91 ` 218.18
2011 ` 15.625
2010-11 25
2010-11 ()
2010-11 ` 200
-I
-II ,
-II
2010-11 ` 6,497 II 2011 ` 1,000
2011 ` 5,497
-2 -2 ( ) -II , ,
,
- . ` 124.80 , ,
2010-11 , ` 50
- II . 16.7.2006 15.7.2013
31 2010 20 ( ) -II 31 2025
:
-I -II , :
` 635
()
15.02.07
14.08.09
400
` 1783.94
225
` 1003.47
` 1000 *
27.01.10
` 1000
28.09.07
` 165 **
10 3 15.05.2017
( ) 100 ( )
10 27.06.2017
7.140%
100
10 14.08.2019 50
9.10%
,
10
10 27.01.2020 50
9.05%
,
10
10 28.09.2017 50
10.25%
,
10
26.06.07
(%
)
6.439%
2-
-
2-
-
-
-
-
-
-
-
: , , - II
:
i)
ii) 10
iii) - : 20 2011 - I - II -
iv) --:
, ,
260
TABLE DF-2
CAPITAL STRUCTURE: DISCLOSURES
Qualitative Disclosures
(a) Summary
Type of Capital
Equity (TierI)
Innovative Instruments
(Tier-I)
Tier-II
Features
Domestic Banking Subsidiaries have raised equity through Equity Instruments. The majority shareholder is SBI while some
of them like SBBJ, SBM and SBT have public shareholding as well.
During the 2nd quarter of FY: 2010-11, State Bank of Indore has been acquired by State Bank of India. The acquisition is with effect
from 26th August, 2010.
During the year, ` 10.80 crores was raised through a Rights Issue by SBM.
Domestic Non-Banking Subsidiaries have raised equity through Equity Instruments. The majority shareholder is SBI and some
others are SGAM (SBI FUNDS-37%), GE Capital (SBI CARDS-40%), SIDBI (SBI GFL- 5.89%), Bank of Maharashtra (SBI GFL4.39%), UBI (SBI GFL-2.95%).
During 2010-11, ` 95 crores were infused as Equity Capital in SBI Cards in proportion of equity holding by both the stake holders.
There is a change in the share holding pattern of SBI DFHI. Shares worth ` 13.64 crores have been transferred from Asian
Development Bank to SBI. There was a 25% buy back by DFHI resulting in reduction of total paid up Share Capital from
` 290.91 crores to ` 218.18 crores
SBI GFL made a rights issue of ` 15.625 crores in March 2011.
During the FY:2010-11, USD 25 Million has been infused by SBI in SBI California.
SBI has not raised Capital by way of Innovative Perpetual Debt Instruments (IPDIs) in FY:2010-11.
Some of the Banking Subsidiaries have also raised capital through IPDIs. During FY: 2010-11, SBH raised Perpetual Bonds amounting
to ` 200 crores
Foreign Subsidiary Banks have not raised Tier I capital by way of IPDIs as of date.
SBI and its Subsidiaries have raised Upper as well as Lower Tier II Capital. The subordinated debts raised through private placement
of Bonds are unsecured, long term, non-convertible and are redeemable at par. The debt is subordinated to present and future senior
indebtedness of the Bank and qualifies for Tier II capital.
SBI has raised Lower Tier II Capital during FY: 2010-11 aggregating ` 6497 crores through Retail Participation. The first issue was in
Q3 FY:11 for Rs1000 crores and the second issue was in Q4 FY:11 for Rs 5497 crores
In case of Domestic Subsidiaries, Tier-II capital has been raised by way of Upper Tier-2 as well as Lower Tier-2 bonds (except SBICI
Bank Ltd). The instruments are generally unsecured, redeemable, non- convertible bonds. They are plain vanilla bonds with no
embedded put option, or call option without RBIs prior approval.
Some of the Non-Banking Subsidiaries like SBI CARDS and SBI Global Factors Ltd. have raised subordinated debt. SBI CARDS has
Long Term Unsecured NCD of ` 124.80 crores. During FY: 2010-11, ` 50 crores were infused as Unsecured Redeemable
Non-Convertible Bonds in SBI GFL.
Tier II capital of Foreign Subsidiaries comprises of subordinated term debt apart from General provisions. Subordinated Term Debt
of Nepal SBI Ltd. consists of Debentures issued on 16.07.2006 and maturing on 15.07.2013. Right of claim of Debenture holders is
subordinated to the depositors.
SBI Canada raised Tier II Capital as Debentures to the tune of (Canadian Dollar) CND 20 million on 31st December 2010, maturing on
31st December 2025.
Qualitative Disclosures:
State Bank of India has raised Hybrid Tier I Capital and Upper and Lower Tier II Subordinated Debt in the Domestic and International Market.
Summary information on the terms and conditions of the main features of all capital instruments, especially in the case of innovative, complex or
hybrid capital instruments are as under:
Type of capital
Equity
Innovative
Perpetual Debt
Instruments
Main features
` 635 crores
Date of Issue
Amount
Tenure
Coupon (% p.a.
Rating
(months)
payable annually)
15.02.07
USD 400 mio
Perpetual with a Call Option after
6.439%
Ba2
` 1783.94 crores
10 yrs 3 months i.e. on 15.05.17 and
Moodys
step up of 100 bps
BB - S & P
26.06.07
USD 225 mio
Perpetual with a Call Option after
7.140%
Ba2
` 1003.47crs
10 years i.e. on 27.06.17 and
Moodys
step-up of 100 bps
BB - S & P
14.08.09
` 1000 crores*
Perpetual with a Call Option after
9.10% p.a. for the
AAA
10 years i.e. on 14.08.19 and step-up of
first 10 years
CRISIL
50 bps, if Call Option is not exercised
AAA-CARE
27.01.10
` 1000 crores
Perpetual with a Call Option after
9.05% p.a. for the
AAACRISIL
10 years i.e. on 27.01.20 and step-up of
first 10 years
AAA-CARE
50 bps, if Call Option is not exercised
28.09.07
` 165 crores**
Perpetual with a Call Option after
10.25% p.a. for the AAACRISIL
10 years i.e. on 28.09.17 and step-up
first 10 years
AAA-CARE
of 50 bps, if Call Option is not exercised
*Out of ` 1,000 crores raised in August 2009, only ` 450 crores has been reckoned as Tier I Capital by the Bank (as per RBI instructions).
**Acquired from State Bank of Indore consequent to its merger with State Bank of India.
Apart from SBI, the following Associate Banks of SBI have raised Innovative Perpetual Debt Instruments aggregating ` 1,745 crores: SBBJ ` 200 crores; SBH
` 685 crores; SBM ` 260 crores, SBP ` 300 crores and SBT ` 300 crores. Out of the above, SBH raised ` 200 crores by way of perpetual Bonds in FY 2010-11.
With effect from 20th January 2011, the RBI has discontinued the Step up Option in case of issue of new Tier I and Tier II Capital Instruments by the
Banks. However Call Option may continue to be exercised after the instrument has run for atleast 10 years.
Upper Tier II
Type of Instrument: Unsecured, Redeemable Non-convertible, Upper Tier II Subordinated Bonds in the nature
Subordinated Debt
of Promissory Notes.
Special features:
i)
No Put Option by the Investors.
ii) Call Option by the Bank after 10 years.
iii) Step-up Option: With effect from 20th January 2011, RBI has discontinued the Step up Option in case of issue of new
Tier I and Tier II Capital Instruments by the Banks
iv) Lock-in-Clause: Bank shall not be liable to pay either periodic interest on principal or even principal at maturity, if CAR of
the Bank is below the minimum regulatory CAR prescribed by RBI. However, this will not preclude the Bank from making
periodical interest, as long as the Bank maintains the minimum Regulatory CAR, at the material time.
261
II
(` )
()
(% )
05.06.06
2,328
180
8.80%
-, -
06.07.06
500
180
9.00%
-
12.09.06
600
180
8.96%
-, -
13.09.06
615
180
8.97%
-, -
15.09.06
1,500
180
8.98%
-
04.10.06
400
180
8.85%
-, -
16.10.06
1,000
180
8.88%
-
17.02.07
1,000
180
9.37%
-
07.06.07
2,523
180
10.20%
-, -
12.09.07
3,500
180
10.10%
-, -
19.12.08
2,500
180
8.90%
-, -
02.03.09
2,000
180
9.15%
-, -
06.03.09
1,000
180
9.15%
-, -
29.12.06
100*
180
8.95%
-, -
22.03.07
200*
180
10.25%
-, -
24.03.09
250*
180
9.17%
- -
* ,
` 4,791.60 -II -II (
` 450 , ` 1,750 ` 640 ` 1,451.60 ` 500 )
: , , II
:
I)
II) 20 2011 , -I II
II) 5
(` )
()
(%
)
05.12.05
3283
113
7.45% -, -
09.03.06
200
111
8.15% -, -
28.03.07
1500
111
9.85% -, -
31.03.07
225
111
9.80% -, -
29.12.08
1500
114
8.40% -, -
06.03.09
1000
111
8.95% -, -
15.02.05
200*
111
7.20% -
29.09.05
140*
120
7.45% -, -
28.03.06
110*
120
8.70% -, -
04.11.10
133.08**
120
9.25% -, -
04.11.10
866.92**
180
9.50% -, -
16.03.11
559.40**
120
9.75% -, -
16.03.11
171.68**
120
9.30% -, -
16.03.11
3937.59**
180
9.95% -, -
180
9.45% -, -
16.03.11
828.32**
*
** 2010-11 04.11.10 -
50 : 5 10
16.03.11
` 14,655 ( ) -II ` 13,828.40 31.03.2011
-II
, -II
1) ` 4,085 (` 3,632 -II ) :
` 800 ; ` 1,110 ; ` 305 ; ` 750 ` 667
2) ` 304.80 (` 196.32 -II ) )
3) . ` 7.14 (` 5 -II )
(` )
)
-I
84,939
635
()
80,822
6,127
0
-I
2,645
()
-II (-II )
44,862
()
-II :
24,808
0
24,808
()
-II
19,144
6,639
17,753
()
0
()
1,29,801
262
Date of Issue
05.06.06
06.07.06
12.09.06
13.09.06
15.09.06
04.10.06
16.10.06
17.02.07
07.06.07
12.09.07
19.12.08
02.03.09
06.03.09
29.12.06
22.03.07
24.03.09
Amount
(`
` crores)
2,328
500
600
615
1,500
400
1,000
1,000
2,523
3,500
2,500
2,000
1,000
100*
200*
250*
Tenure
(months)
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
Coupon (% p.a.
payable annually)
8.80%
9.00%
8.96%
8.97%
8.98%
8.85%
8.88%
9.37%
10.20%
10.10%
8.90%
9.15%
9.15%
8.95%
10.25%
9.17%
Rating
AAA-CRISIL,
AAA-CRISIL
AAA-CRISIL,
AAA-CRISIL,
AAA-CRISIL
AAA-CRISIL,
AAA-CRISIL
AAA-CRISIL
AAA-CRISIL,
AAA-CRISIL,
AAA-CRISIL,
AAA-CRISIL,
AAA-CRISIL,
AAA-CRISIL,
AAA-CRISIL,
AAA-CRISIL,
AAA-CARE
AAA-CARE
AAA-CARE
AAA-CARE
AAA-CARE
AAA-CARE
AAA-CARE
AAA-CARE
AAA-CARE
AAA-CARE
AAA-CARE
AAA-CARE
* Acquired from State Bank of Indore consequent to its merger with State Bank of India.
Apart from SBI, the following Associate Banks of SBI have raised Upper Tier II bonds aggregating to ` 4791.60 crores which is reckoned as Tier II Capital
Funds: SBBJ ` 450 crores; SBH ` 1750 crores; SBM ` 640 crores; SBP ` 1451.60 crores and SBT ` 500 crores.
Lower Tier II
Sub - Debt
Type of Instrument: Unsecured, Redeemable Non-convertible, Lower Tier II Subordinated Bonds in the nature of
Promissory Notes.
Special features:
I)
No Put Option by the investors.
II) With effect from 20th January 2011, RBI has discontinued the Step up Option in case of issue of new
Tier I and Tier II Capital Instruments by the Banks. Not redeemable without the consent of Reserve
Bank of India.
III) Call option can be exercised after the instrument has run for atleast 5 years.
Date of Issue
Amount (`
Tenure
Coupon (% p.a.
Rating
` crores)
(months)
payable annually)
05.12.05
3283
113
7.45%
AAA-CRISIL, AAA CARE
09.03.06
200
111
8.15%
LAAA-ICRA, AAA CARE
28.03.07
1,500
111
9.85%
AAA-CRISIL, AAA CARE
31.03.07
225
111
9.80%
LAAA-ICRA, AAA CARE
29.12.08
1,500
114
8.40%
AAA-CRISIL, AAA-CARE
06.03.09
1,000
111
8.95%
AAA-CRISIL, AAA-CARE
15.02.05
2,00*
111
7.20%
AAA-CRISIL
29.09.05
140*
120
7.45%
AAA-CRISIL, LAAA-ICRA
28.03.06
110*
120
8.70%
AAA-CRISIL, LAAA-ICRA
04.11.10
133.08**
120
9.25%
AAA-CRISIL, AAA CARE
04.11.10
866.92**
180
9.50%
AAA-CRISIL, AAA CARE
16.03.11
559.40**
120
9.75%
AAA-CRISIL, AAA CARE
16.03.11
171.68**
120
9.30%
AAA-CRISIL, AAA CARE
16.03.11
3,937.59 **
180
9.95%
AAA-CRISIL, AAA CARE
16.03.11
828.32**
180
9.45%
AAA-CRISIL, AAA CARE
* Acquired from State Bank of Indore consequent to its merger with State Bank of India.
** Raised by SBI during Q3 FY: 2010-11 through Retail Participation. The bonds issued on 04.11.10 have a step up option of 50 basis points during the
last five years of their maturity in case the Bank does not exercise the call option after 5 years and 10 years respectively. The bonds issued on
16.03.11 do not carry Step Up Option on them.
Out of the above ` 14,655 crores (including Bonds pertaining to State Bank of Indore) pertaining to SBI in the form of Lower Tier II Bonds, ` 13,828.40
crores have been reckoned as Lower Tier II capital by SBI as on 31.03.2011.
Apart from SBI, the following Subsidiaries have raised Capital Funds by way of Lower Tier II :
1) Domestic Associate Banking Subsidiaries have raised bonds aggregating to ` 4,085 crores (` 3,632 crores is reckoned as Lower Tier II Capital Funds):
SBBJ ` 800 crores; SBH ` 1,110 crores; SBM ` 305 crores; SBP ` 750 crores and SBT ` 667 crores.
2) Domestic Non Banking Subsidiaries have raised bonds aggregating to ` 304.80 crores (` 196.32 crores is reckoned as Lower Tier II Capital Funds):
SBI Global Factors Ltd. ` 105.44 crores and SBI Cards ` 90.88 crores.
3) Among the Foreign Subsidiaries, Nepal SBI Bank Ltd. has raised bonds aggregating ` 7.14 crores (` 5 crores are reckoned as Tier II capital funds).
(` in crores)
Quantitative Disclosures
(b)
(c)
(d)
(e)
(f)
(g)
Tier-I Capital
Reserves
Innovative Instruments
263
84,939
635
80,822
6,127
0
2,645
44,862
24,808
0
24,808
19,144
6,639
17,753
0
1,29,801
-3 :
:
()
()
()
(* )
(,)
()
:
() -I :
,
( )
, / -II
3 5 () -
3 5 () 9%
,
-I /-II
()
2010-11 ` 6,497 - -II
` 83,877.64
..........................................
` 83,877.64
2,833.47
110.55
2,241.49
..........................................
` 5,185.51
` 6,451.90
..........................................
` 6,451.90
31.03.2011
.
() .
()
()
,
.
264
I (%)
(%)
7.77
8.02
7.92
9.12
9.78
8.65
9.00
27.44
10.61
30.27
16.81
39.21
14.34
10.47
11.98
12.26
11.68
14.25
13.76
13.41
12.54
28.16
11.03
37.94
18.06
40.06
15.21
11.58
TABLE DF-3 :
CAPITAL STRUCTURE :
Qualitative Disclosures
(a) A summary discussion of
the Banks approach to
assessing the adequacy of
its capital to support
current and future activities.
Quantitative Disclosures
(b) Capital requirements
for Credit Risk
Portfolios subject
to Standardized
Approach
Securitization
Exposures
(c) Capital requirements
for Market Risk
(* Standardized duration
approach)
Interest Rate Risk
Foreign Exchange Risk
(including gold)
Equity Risk
` 83,877.64 crores
Nil
............................................
Total ` 83,877.64 crores
` 2,833.47 crores
`
110.55 crores
` 2,241.49 crores
............................................
Total ` 5,185.51 crores
` 6,451.90 crores
............................................
Total ` 6,451.90 crores
CAPITAL ADEQUACY RATIO AS ON 31.03.2011
State Bank of India
SBI Group
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore
SBICI Bank Ltd.
SBI International (Mauritius) Ltd.
State Bank of India (Canada)
State Bank of India (California)
Commercial Bank of India LLC Moscow
PT Bank SBI Indonesia
Nepal SBI Bank Ltd.
265
Tier I (%)
Total (%)
7.77
8.02
7.92
9.12
9.78
8.65
9.00
27.44
10.61
30.27
16.81
39.21
14.34
10.47
11.98
12.26
11.68
14.25
13.76
13.41
12.54
28.16
11.03
37.94
18.06
40.06
15.21
11.58
- 4 :
( )
, :
()
:
(i) 90 `' :
(ii) / (/) 90 `' :
(iii) 90 `' :
(iv) 90 `' :
(v) ,
:
(vi) 90
`'
`' /
/ 90
`'
`'
`'
-
-
- , ,
, /
,
-II -, ,
- , ,
:
(i) ` / ,
, /
(ii) - / /
-
(iii) - , -, ,
,
, , , ,
- - -
,
,
,
, , ,
, , , , , ,
,
, ,
(i)
(ii)
(iii)
-
(iv)
(v) - ,
(vi)
266
267
-4
-
31.03.2011
:
()
()
: /
()
/
()
() ()
(i v)
i)
ii) 1
iii) 2
iv) 3
v)
()
()
i)
ii)
() - ()
i)
ii)
iii)
iv)
()
-
i)
ii)
iii)
iv)
v)
()
()
() mg
-
i)
ii)
iii)
iv)
v)
-
31.03.2011
( ` )
1085000.49
113676.75
971323.74
392743.81 1477744.30
28048.17
[]
141724.92
364695.64 1336019.38
''
1936.08
159.44
2095.52
689.43
5820.06
97.05
5917.11
2398.73
16221.10
28399.11
5.1
''
[]
7329.17
15432.02
31824.10
27720.92
14239.21
7095.30
373.67
315.30 16536.40
6446.98
7432.05
4253.84
2788.33
398.82
53.18
4509.77
5772.47
10
7795.14
47.89
7843.03
692.82
1300.76
11
1665.87
104.88
1770.75
41.14
3416.36
12
15733.98
3.09%
1.56%
23384.92
31824.10
10890.01
13898.52
5705.09
3040.32
16043.12
620.47
616.83
6282.18
2934.44
14 /
3641.85
404.44
4046.29
37.01
15 /
3700.83
114.80
3815.63
1187.34
16 /
3972.80
226.46
4199.26
1113.72
2716.29
75.20
2791.49
1955.67
17.2
7238.62
215.74
7454.36
2427.33
279.88 12308.44
9607.40
8495.58
72.00
8567.58
1407.50
19
2142.38
40.72
2183.10
354.81
20
12188.62
963.27 13151.89
906.45
21
13379.31
797.70 14177.01
3450.69
22
22761.20
138.99
8606.73
196.65
8803.38
969.49
24
1974.84
926.42
2901.26
50.70
25
96959.79
25.1
29353.46
124.00 29477.46
7561.40
25.2
23068.33
147.27 23215.60
1381.85
25.3
27027.97
358.11 27386.08
7502.50
2956.00
268
23
28
31.52
12028.56
18
27
862.71
17.1
26
2263.80
730.18
310.51
17.3
15965.67
807.82 20654.91
5971.67
17 / /
24404.85
19847.09
13
8869.60
Table DF-4 :
Table-A
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
(l)
(Amount in ` crores)
CODE INDUSTRY
FUND BASED
[Outstandings-(O/s)]
Standard
1936.08
159.44
2095.52
689.43
2 Mining
5820.06
97.05
5917.11
2398.73
4 Metal Products
16221.10
315.30 16536.40
5 All Engineering
28399.11
7329.17
6 Electricity
15432.02
7 Cotton Textiles
27720.92
8 Jute Textiles
9 Other Textiles
31824.10
14239.21
7095.30
5772.47
1300.76
3416.36
15733.98
Total
1 Coal
NPA
NON-FUND
BASED(O/s)
373.67
102.88
7432.05
6446.98
4253.84
2788.33
398.82
53.18
4509.77
10 Sugar
7795.14
47.89
7843.03
692.82
11 Tea
1665.87
104.88
1770.75
41.14
807.82 20654.91
730.18
12 Food Processing
19847.09
5971.67
310.51
6282.18
2934.44
3641.85
404.44
4046.29
37.01
3700.83
114.80
3815.63
1187.34
3.09%
3972.80
226.46
4199.26
1113.72
1.56%
24404.85
23384.92
15965.67
31824.10
2716.29
75.20
2791.49
1955.67
7238.62
215.74
7454.36
2427.33
279.88 12308.44
9607.40
12028.56
8495.58
8567.58
40.72
1407.50
2183.10
354.81
12188.62
963.27 13151.89
906.45
13898.52
5705.09
21 Construction
13379.31
797.70 14177.01
3450.69
22 Petroleum
22761.20
3040.32
16043.12
10890.01
24 Computer Software
620.47
616.83
2263.80
8803.38
969.49
926.42
2901.26
50.70
29353.46
124.00 29477.46
25.2 Of which
Telecommunication
23068.33
147.27 23215.60
1381.85
27027.97
358.11 27386.08
7502.50
269
1974.84
196.65
96959.79
138.99
2956.00
8606.73
25 Infrastructure
26 Other Industries
862.71
31.52
2142.38
72.00
7561.40
8869.60
-
-4 () () 31.03.2011
1
2
3
4
5
6
7
1-14
15-28
9139.47
39347.86
30552.93
5497.95
79536.61
0.00
29230.93
193305.75
0.00
1365.94
1615.18
2814.12
11114.16
0.00
1909.09
18818.49
29
3
0.00
3245.21
1110.52
13025.72
65696.80
0.00
4583.35
87661.60
3
6
0.00
4974.88
656.66
15435.14
43298.14
0.52
6139.06
70504.40
6
1
0.00
9590.52
709.06
10923.83
45931.04
0.00
7085.61
74240.07
1
3
0.00
22537.66
832.66
68818.30
471714.07
0.00
2418.59
566321.28
3
5
0.00
13183.05
99.53
69263.72
95683.43
5.26
283.62
178518.61
(` )
5
0.00
9139.47
16559.27 110804.39
47.04
35623.57
205091.12 390869.90
197526.00 1010500.26
6737.19
6742.97
6651.50
58301.75
432612.11 1621982.30
-5 : :
()
:
,
, : , , (
) , ( )
-
(i) ( , ),
(ii) , ( ) 1 ,
- / ( / ) (-/) :
- / ( ),
( ` )
31-3-2011
()
( )
100%
100%
100%
270
:
:
:
:
:
`
`
`
`
`
871283.98
434615.66
153236.10
18608.56
1477744.30
Table-B
DF-4 (e) SBI (CONSOLIDATED) Residual contractual maturity breakdown of assets as on 31.03.2011
1-14
days
1 Cash
15-28
days
29 days
& up to
3 months
Over 3
Over 6
months &
months &
upto 6 upto 1 year
months
0.00
0.00
(` in crores)
Total
Over
1 year
& upto
3 years
0.00
Over 3
years &
upto
5 years
0.00
Over 5
years
0.00
9139.47
22537.66
13183.05
16559.27
110804.39
9139.47
0.00
0.00
39347.86
1365.94
3245.21
30552.93
1615.18
1110.52
656.66
709.06
832.66
99.53
47.04
35623.57
5497.95
2814.12
13025.72
15435.14
10923.83
68818.30
69263.72
205091.12
390869.90
79536.61
11114.16
65696.80
43298.14
45931.04
471714.07
95683.43
197526.00
1010500.26
0.00
0.00
0.00
0.52
0.00
0.00
5.26
6737.19
6742.97
4 Investments
5 Advances
6 Fixed Assets
7 Other Assets
TOTAL
4974.88
9590.52
29230.93
1909.09
4583.35
6139.06
7085.61
2418.59
283.62
6651.50
58301.75
193305.75
18818.49
87661.60
70504.40
74240.07
566321.28
178518.61
432612.11
1621982.30
Qualitative Disclosures
Names of Credit Rating Agencies used, plus reasons for any changes
As per RBI Guidelines, the Bank has identified CARE, CRISIL, ICRA and FITCH India (Domestic Credit Rating Agencies) and FITCH, Moody's
and S&P (International Rating Agencies) as approved Rating Agencies, for the purpose of rating Domestic and Overseas Exposures, respectively,
whose ratings are used for the purpose of computing Risk-weighted Assets and Capital Charge. Overseas Banking entities use the ratings
of accredited rating agencies as approved by their respective regulators.
For Exposures with a contractual maturity of less than or equal to one year (except Cash Credit, Overdraft and other Revolving
Credits), Short-term Ratings given by approved Rating Agencies are used.
(ii) For Domestic Cash Credit, Overdraft and other Revolving Credits (irrespective of the period) and for Term Loan exposures of over
1 year, Long Term Ratings are used.
Description of the process used to transfer Public Issue Ratings onto comparable assets in the Banking Book
Long-term Issue Specific Ratings (For the Bank's own exposures or other issuance of debt by the same borrower-constituent/counterparty) or Issuer (borrower-constituents/counter-party) Ratings are applied to other unrated exposures of the same borrower-constituent/
counter-party in the following cases :
If the Issue Specific Rating or Issuer Rating maps to Risk Weight equal to or higher than the unrated exposures, any other unrated
exposure on the same counter-party is assigned the same Risk Weight, if the exposure ranks pari-passu or junior to the rated exposure
in all respects.
In cases where the borrower-constituent/counter-party has issued a debt (which is not a borrowing from the Bank), the rating given
to that debt is applied to the Bank's unrated exposures, if the Bank's exposure ranks pari-passu or senior to the specific rated
debt in all respects and the maturity of unrated Bank's exposure is not later than the maturity of the rated debt.
(Amount in ` crores)
271
:
:
:
:
:
`
`
`
`
`
871283.98
434615.66
153236.10
18608.56
1477744.30
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(ii)
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(vi)
(vii)
(viii)
(ix)
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69036.31
272
Qualitative Disclosures
Policies and Processes for, an indication to the extent to which the Bank makes use of, on-and off-balance sheet netting
On-Balance sheet netting is confined to loans/advances and deposits, where the Bank have legally enforceable netting arrangements, involving specific
lien with proof of documentation. The Bank calculates capital requirements on the basis of net credit exposures subject to the following conditions;
Where Bank,
a.
has a well-founded legal basis for concluding that the netting or offsetting agreement is enforceable in each relevant jurisdiction regardless
of whether the counterparty is insolvent or bankrupt;
b.
is able at any time to determine the loans/advances and deposits with the same counterparty that are subject to the netting agreement; and
c.
monitors and controls the relevant exposures on a net basis, it may use the net exposure of loans/advances and deposits as the basis for
its capital adequacy calculation. Loans / advances are treated as exposure and deposits as collateral.
Policies and Processes for Collateral Valuation and Management
Credit Risk Mitigation and Collateral Management Policy, addressing the approach towards the credit risk mitigants used for capital calculation
has been put in place in Domestic Banking entities. The objective of this Policy is to enable classification and valuation of credit risk mitigants
in a manner that allows regulatory capital adjustment to reflect them.
The Policy adopts the Comprehensive Approach, which allows full offset of collateral (after appropriate haircuts), wherever applicable, against exposures,
by effectively reducing the exposure amount by the value ascribed to the collateral. The following issues are addressed in the Policy :
(i)
Classification of credit risk-mitigants.
(ii) Acceptable credit risk-mitigants techniques.
(iii) Documentation and legal process requirements for credit risk-mitigants.
(iv) Valuation of collateral.
(v)
Margin and haircut requirements.
(vi) External ratings.
(vii) Custody of collateral.
(viii) Insurance.
(ix) Monitoring of credit risk mitigants.
(x)
General guidelines.
Sovereign, Sovereign entities [including Bank for International Settlements (BIS), International Monetary Fund (IMF),
European Central Bank and European Community as well as Multilateral Development Banks, Export Credit & Guarantee
Corporation (ECGC) and Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)], Public Sector
Enterprises (PSEs), Banks and Primary Dealers with a lower risk weight than the Counterparty.
Other guarantors having an external rating of AA or better. In case the guarantor is a parent company, affiliate or subsidiary,
they should enjoy a risk weight lower than the obligor for the guarantee to be recognised by the Bank. The rating
of the guarantor should be an entity rating which has factored in all the liabilities and commitments (including guarantees)
of the entity.
Information about (Market or Credit) risk concentrations within the mitigation taken
The Banking entities have a well-dispersed portfolio of assets which are secured by various types of collaterals, such as:
Eligible financial and non-financial collaterals listed above. [Majority of financial collaterals held by the entities are
by way of own deposits and gold which are easily realisable and as such the risk concentration of credit risk mitigants
is low]
Quantitative Disclosures:
(b) For each separately disclosed credit risk portfolio the total exposure
(after, where applicable, on- or off balance sheet netting) that is covered by
eligible financial collateral after the application of haircuts.
(c) For each separately disclosed portfolio the total exposure (after, where applicable,
on- or off-balance sheet netting) that is covered by guarantees/credit derivatives
(whenever specifically permitted by RBI)
273
2,42,178.53
69,036.31
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274
NIL
NOT APPLICABLE
N.A.
N.A.
NA.
N.A
changes in methods and key assumptions from the previous period and impact of the changes;
N.A
policies for recognising liabilities on the balance sheet for arrangements that could require
the Bank to provide financial support for securitised assets.
N.A
(c) In the Banking book, the names of ECAIs used for securitisations and the types of
securitisation exposure for which each agency is used.
N.A
NIL
(e) For exposures securitised losses recognised by the Bank during the current period broken by the
exposure type (e.g. Credit cards, housing loans, auto loans etc. detailed by underlying security)
NIL
NIL
N.A.
(h) The total amount of exposures securitised (by exposure type) and unrecognised gain or losses
on sale by exposure type.
NIL
NIL
NIL
(j) Aggregate amount of securitisation exposures retained or purchased and the associated capital
charges, broken down between exposures and further broken down into different risk weight
bands for each regulatory capital approach
Exposures that have been deducted entirely from Tier 1 capital, credit enhancing I/Os deducted
from total capital, and other exposures deducted from total capital (by exposure type).
Qualitative Disclosures: Trading Book
(k) Aggregate amount of exposures securitised by the Bank for which the Bank has retained
some exposures and which is subject to the market risk approach, by exposure type.
(I) Aggregate amount of:
on-balance sheet securitisation exposures retained or purchased broken down
by exposure type; and
off-balance sheet securitisation exposures broken down by exposure type.
(m) Aggregate amount of securitisation exposures retained or purchased separately for:
securitisation exposures retained or purchased subject to Comprehensive Risk Measure
for specific risk; and
securitisation exposures subject to the securitisation framework for specific risk
broken down into different risk weight bands.
275
NIL
N.A.
NIL
NIL
NIL
NIL
NIL
NIL
-7: : ()
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144.74
47.98 23.99*
-8
- -
31.03.2011
: :
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2)
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4)
5)
6)
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9)
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31.03.2011 - :
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2833.47
2241.49
:
:
5185.51
110.55
276
NIL
Amount ` in crores
Item
Book Market Capital
Value Value Adequacy
Security 144.74 47.98
23.99*
Receipts
* In terms of RBI guidelines, ` 23.99 crores (being 50% of the Market Value of investment in Security Receipts) has been deducted
from the Tier I capital. The remaining 50% has been deducted from Tier II capital.
TABLE DF- 8
MARKET RISK IN TRADING BOOK
Disclosures for banks using the Standardised Duration Approach
Qualitative disclosures Domestic Banking entities:
1)
The following portfolios are covered by the Standardised Duration Approach for calculation of Market Risk:
Securities held under the Held for Trading (HFT) and Available for Sale (AFS) categories.
Derivatives entered into for hedging HFT & AFS securities and Derivatives entered into for trading.
2)
Market Risk Management Department (MRMD)/Mid-Office have been put in place based on the approval accorded by the
respective Boards of Banks and other subsidiaries for Risk Management.
3)
Market Risk units are responsible for identification, assessment, monitoring and reporting of Market Risk in Treasury
operations.
4)
Board approved Trading and Investment policies with defined Market Risk Management parameters for each asset class
are in place.
5)
Risk monitoring is an ongoing process with the position reported to the Top Management and the Risk Management Committee
of the Board at stipulated intervals.
6)
Risk Management and Reporting is based on parameters such as Modified Duration, Price Value Basis Point (PVBP), Maximum
Permissible Exposures, Net Open Position Limit, Gap Limits, Value at Risk (VaR) etc., in line with the global best practices.
7)
Risk Profiles are analysed and their effectiveness is monitored on an ongoing basis.
8)
Forex open position limits (Daylight/Overnight), Stop Loss limit, Profit/Loss in respect of Cross Currency trading are properly
monitored and exception reporting is regularly carried out.
9)
Overseas Banking subsidiaries are responsible for risk monitoring of their investment portfolio as per the local regulatory
requirements through the Board approved Investment and Market Risk Management policies. Stop loss limit for individual
investments and exposure limits for certain portfolios have been prescribed.
Quantitative disclosures:
Minimum Regulatory Capital requirements for market risk as on 31.03.2011 is as under:
(` in crores)
2833.47
:
:
2241.49
110.55
Total
5185.51
277
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100
3587.47
100
278
(` )
3423.96
TABLE DF-10
INTEREST RATE RISK IN THE BANKING BOOK (IRRBB)
1. Qualitative Disclosures
Interest Rate Risk:
Interest rate risk refers to impact in Bank's Net Interest Income and
the value of its assets and liabilities arising from fluctuations in interest
rate due to internal and external factors. Internal factors include the
composition of the Bank's assets and liabilities, quality, maturity, interest
rate and re-pricing period of deposits, borrowings, loans and investments.
External factors cover general economic conditions. Rising or falling
interest rates impact the Bank depending on Balance Sheet positioning.
Interest rate risk is prevalent on both the asset as well as the liability
sides of the Bank's Balance Sheet.
The Asset-Liability Management Committee (ALCO) is responsible for
evolving appropriate systems and procedures for ongoing identification
and analysis of Balance Sheet risks and laying down parameters for
efficient management of these risks through Asset Liability Management
Policy of the Bank. ALCO, therefore, periodically monitors and controls
the risks and returns, funding and deployment, setting Bank's lending
and deposit rates, and directing the investment activities of the Bank.
ALCO also develops the market risk strategy by clearly articulating the
acceptable levels of exposure to specific risk types (i.e. interest rate,
liquidity etc). The Risk Management Committee of the Board of
Directors (RMCB) oversees the implementation of the system for ALM
and review its functioning periodically and provide direction. It reviews
various decisions taken by Asset - Liability Management Committee
(ALCO) for managing market risk.
1.1 RBI has stipulated monitoring of interest rate risk at monthly
intervals through a Statement of Interest Rate Sensitivity (Repricing
Gaps) to be prepared as the last Reporting Friday of each month.
Accordingly, ALCO reviews Interest Rate Sensitivity statement on
monthly basis and monitors the Earnings at Risk (EaR) which
measures the change in net interest income of the Bank due to
parallel change in interest rate on both the assets and liabilities.
1.2 Interest rate risk in the Fixed Income portfolio of Bank's investments
is managed through Duration analysis. Bank also carries out
Duration Gap analysis (on quarterly basis) to estimate the impact
of change in interest rates on economic value of bank's assets and
liabilities. The impact of interest rate changes on the Market Value
of Equity (MVE) is monitored through Duration Gap Analysis by
recognizing the changes in the value of assets and liabilities by
a given change in the market interest rate. The change in the value
of equity (including reserves) with 1% parallel shift in interest rates
for both assets and liabilities is estimated.
1.3 The following prudential limits have been fixed for monitoring of
various interest risks:
Changes on account of Interest
Maximum Impact
rate volatility
(as % of Capital and Reserve)
Changes in Net Interest Income
(with 1% change in interest
rates for both assets and liabilities)
5%
Change in Market value of Equity
(with 1% change in interest rates
for assets and liabilities)
20%
1.4 The prudential limit aims to restrict the overall adverse impact on
account of interest rate risk to the extent of 20% of capital and
reserves, while part of the remaining capital and reserves serves
as cushion for others.
2. Quantitative Disclosures for SBI Group
Earnings at Risk (EaR)
(` in crores)
Particulars
Impact on NII
Impact of 100 bps parallel shift in interest rate
on both assets and liabilities on Net Interest
Income (NII)
3587.47
Market Value of Equity (MVE)
(` in crores)
Particulars
Impact on MVE
Impact on 100 bps parallel shift in interest rate
on both assets and liabilities on Market Value
of Equity (MVE)
3423.96
279
DF - GR
Additional Disclosures on Group Risk
Qualitative Disclosure
**
[ , - ]
General Description on
Corporate Governance
All Group Entities adhere to good
Practices Corporate Governance practices.
Disclosure Practices
All Group Entities adhere to /
follow good disclosure practices.
Arms Length Policy in
It is certified that all Intra-Group
respect of Intra Group
transactions within the State Bank
Transactions
Group have been effected on Arms
Length basis, both as to their
commercial terms and as to matters
such as provision of security.
Common marketing,
No Group Entity has made use of
branding and use of SBIs
SBI symbol in a manner that may
Symbol
indicate to public that common
marketing, branding implies implicit
support of SBI to the Group Entity.
Details of Financial
No Group Entity has provided /
Support#, if any
received Financial Support from
any other entity in the Group.
Adherence to all other
All covenants of the Group Risk
covenants of Group Risk
Management Policy have
Management Policy
meticulously been complied with by
the Group Entities.
#,
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** :
BankingDomestic
BankingOverseas
NonBanking
()
SBI (California)
()
..
()
. .
State Bank of
Hyderabad
State Bank of Mysore Commercial Bank of India SBI Global Factors Ltd.
LLC, Moscow
. .
SBI (Mauritius)
. .
. .
.
. .
280
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281
Folio No.:
DP/Client-ID No.
I/We
resident of
being(a) shareholder(s) of the State Bank of India holding
(No.)
shares on the Register of shareholders at the Central Office
of the Bank do hereby appoint
resident of
(or failing him/her
resident of
) as my/our proxy to vote for me/us and on my/our behalf at a
meeting of the shareholders of the State Bank of India to be held at
on the
day of
and
at any adjournment thereof.
Dated this
day of
15 paise
Revenue
Stamp
No instrument of proxy shall be valid unless in the case of an individual shareholder, it is signed by him or
by his attorney duly authorised in writing, or in the case of joint holders, it is signed by the shareholders first
named in the Register or his attorney duly authorised in writing, or in the case of a Company, it is executed
under its common seal, if any, or signed by its attorney duly authorised in writing.
Provided that an instrument of proxy shall be sufficiently signed by any shareholder, who is, for any
reason, unable to write his name, if his mark is affixed thereto and attested by a Judge, Magistrate, Justice of
the Peace, Registrar or Sub-Registrar of Assurances, or other Government Gazetted Officer or an Officer of
the State Bank of India.
A proxy, unless appointed by a Company, should be a Director of the Central Board/Member of the Local
Board/Shareholder of the State Bank of India, other than an officer or employee of the State Bank of India.
No Proxy shall be valid unless it is duly stamped and unless it, together with the power of attorney or
other authority (if any) under which it is signed, or a copy of that power of attorney or authority certified by
a Notary Public or a Magistrate, is deposited with the Central Office or other office designated from time to
time by the Chairman or Managing Director in this behalf, not less than 7 clear days before the date fixed for
the meeting. (In case a power of attorney is already registered with the Bank, the Folio No. and Registration
No. of the power of attorney be also mentioned).
The Shares & Bonds Dept., State Bank of India, Central Office, 3rd Floor, Varma Chambers, 11-Homji
Street, Horniman Circle, Fort, Mumbai - 400 001 is authorised to accept the proxy form, power of attorney
or other authority.
282
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283
D D MM Y Y Y Y
Folio No:
DP/Client-ID No.:
Full Name of the Shareholder :
(as appearing on share certificate/recorded with DP)
Registered address :
PIN
Total number of Shares held :
Share Certificate Nos. From
To
Whether having voting rights in terms of Regulation 31 (1) and (2): Yes / No
(one vote for every 50 shares of the face value of Rs. 10 each)
If yes number of votes to which he/she is entitled :
In person as a shareholder
As a proxy
As a duly authorised representative
TOTAL
Signature Attested
(Signature of Shareholder)
Name:
Designation:
Seal/Stamp:
Note:
i) The Branch Managers/Managers of Divisions of the branches of the State Bank of India (whose
signatures are circulated) are authorised to attest the signature of the shareholders, on
production of suitable evidence of his/her shareholding to the branch where the shareholders
may be maintaining account.
ii)
If the shareholder maintains account with a bank other than State Bank of India, the signature
may be attested by the Branch Manager of that Bank, affixing the branch seal/stamp to evidence
the attestation.
iii) Alternatively, the shareholder may have his/her signature attested by a Notary or a first class
Magistrate.
iv) The signature of shareholders can also be got attested at the venue of the Meeting by the
designated officers of the State Bank of India, on production of satisfactory evidence of his/
her identification such as Passport/Driving Licence with photograph, Voters Identity Card or
such other similar acceptable evidence.
284
()
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285
1.
Investors name :
Address :
3.
Account number
(as appearing on the cheque book)
Date :
(.....................................)
Place:
286
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2.
3.
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4.
5.
6.
7.
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8.
9.
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287
The Shares held by you in physical form can be easily dematerialized i.e converted into
electronic form. The various benefits derived out of dematerialization of shares are :1.
2.
3.
Elimination of risks associated with physical certificates such as bad delivery, fake
securities, etc.;
4.
5.
6.
Nomination facility;
7.
Change in address recorded with DP gets registered electronically with all companies
in which investor holds securities eliminating the need to correspond with each of
them separately;
8.
9.
10. Holding investments in equity, debt instruments and Government securities in a single
account;
11. Automatic credit into demat account, of shares, arising out of split/consolidation/
merger;
You are therefore requested to:
a)
Approach any Depository Participant (DP) of your choice for opening the Demat
account.
b)
Fill in a Demat Request Form (DRF) and handover the relative shares certificate(s)
to your DP for Dematerialisation of your shares.
Shares will get converted into electronic form and automatically credited to your Demat
Account.
Visit the Bank's website at
288
www.sbi.co.in
www.statebankofindia.com
Issued by the State Bank of India,
Corporate Centre, State Bank Bhavan,
Madame Cama Road, Nariman Point,
Mumbai - 400021.
Printed at Infomedia 18 Ltd.