India
HIGHLIGHTS:
-
Operating Profit increased by 33.43% from Rs.6,312 crores in Q2FY14 to Rs. 8,422 crores in Q2FY15.
-
Net Interest Income increased by 8.36% from Rs. 12,251 crores in Q2FY14 to Rs.13,275 crores in Q2FY15.
-
Fee Income increased by 18.98% from Rs.2,615 crores in Q2FY14 to Rs. 3,111 crores in Q2FY15.
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Operating Income increased by 14.91% from Rs. 15,529 crores in Q2FY14 to Rs. 17,845 crores in Q2FY15.
-
Net Profit increased by 30.54% to Rs.3100 crores in Q2FY15 from Rs.2,375 crores in Q2FY14.
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Gross NPA ratio is down by 75 bps to 4.89% in Q2FY15 as against 5.64% in Q2FY14.
PROFITABILITY:
Q2FY15 OVER Q2FY14
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Total Interest Income increased from Rs. 33,922 crores in Q2FY14 to Rs.37,263 crores in Q2FY15 (9.85%YOY growth).
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Interest Income on Advances increased from Rs. 25,379 crores in Q2FY14 to Rs. 27,869 crores in Q2FY15 (9.81%YOY growth).
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Interest Income on Resource Operations increased from Rs.8,243 crores in Q2FY14 to Rs.9,166 crores in Q2FY15 (11.20%YOY growth).
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Total Interest Expenses increased from Rs.21,671 crores in Q2FY14 to Rs. 23,988 crores in Q2FY15 (10.69%YOY growth).
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Interest Expenses on Deposits increased from Rs. 19,277 crores in Q2FY14 to Rs. 21,900 crores in Q2FY15 (13.60%YOY growth).
H1FY15 OVER H1FY14
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Interest Income on Advances increased from Rs. 49,225 crores in H1FY14 to Rs. 55,429 crores in H1FY15 (12.60%YOY growth).
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Interest Income on Resources Operations increased from Rs. 15,717 crores in H1FY14 to Rs.17,815 crores in H1FY15 (13.35%YOY growth).
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Interest paid on deposits increased from Rs. 37,363 crores in H1FY14 to Rs.42,806 crores in H1FY15 (14.57%YOY growth).
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Non Interest Income increased from Rs. 7,752 crores in H1FY14 to Rs. 8,823 crores in H1FY15 (13.81%YOY growth).
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Staff Expenses decreased from Rs.11,358 crores in H1FY14 to Rs.11,129 crores in H1FY15 (2.02 %YOY decline).
DEPOSITS
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Deposits of the Bank increased from Rs.12,92,456 crores in Sep 13 to Rs.14,73,785 crores in Sep 14.( 14.03%.YOY growth)
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Savings Bank deposits increased from Rs.4,45,443 crores in Sep 13 to Rs. 5,00,861 crores in Sep 14 (12.44% YOY growth) .
ADVANCES
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Gross Advances increased from Rs. 11,39,326 crores in Sep 13 to Rs.12,42,638 crores in Sep 14 (9.07% YOY growth).
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Large Corporate advances increased from Rs.1,98,773 crores in Sep 13 to Rs.2,33,012 crores in Sep 14 (17.23%. YOY growth).
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Mid-Corporate Advances declined from Rs.2,22,050 crores in Sep 13 to Rs.2,15,880 crores in Sep 14 (2.78% YOY decline).
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Retail advances increased from Rs.2,24,168 crores in Sep 13 to Rs.2,49,259 crores in Sep 14 (11.19% YOY growth). Home loans increased from Rs.1,30,034 crores in Sep 13 to Rs.1,48,502 crores in Sep 14 (14.20% YOY growth).
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SME Advances increased from Rs. 1,65,686 crores in Sep 13 to Rs.1,68,011 crores in Sep 14(1.40%YOY growth).
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Direct Agri advances increased from Rs.1,11,503 crores in Sep 13 to Rs.1,21,120 crores in Sep 14 (8.62% YOY growth).
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International advances increased from Rs.1,89,173 crores in Sep 13 to Rs.2,27,246 crores in Sep 14 (20.13% YOY growth).
ASSET QUALITY:
|
Gross NPA (%)
|
Net NPA (%)
|
PCR(%)
|
Sep 13
|
5.64
|
2.91
|
60.16
|
Dec13
|
5.73
|
3.24
|
58.32
|
March 14
|
4.95
|
2.57
|
62.86
|
June 14
|
4.90
|
2.66
|
62.68
|
Sep 14
|
4.89
|
2.73
|
63.18
|
KEY FINANCIAL RATIOS (SBI):
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Return on Equity 11.49% in Sep 14 against 11.77 % in Sep 13.
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Average Cost of Deposits moved to 6.31% in Sep 14 from 6.22% in Sep 13.
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Average Yield on Advances moved from 10.32 % in Sep 13 to 10.57% in Sep 14.
Performance of Associates and Subsidiaries:
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SBI Capital Markets Ltd (consolidated) has registered a net profit of Rs.165.82 crores in H1FY15 up from Rs.126.15 crores in H1FY14 (31.45%YOY growth).
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SBI Funds Management Pvt Ltd registered a net profit of Rs.82.60 crores in H1FY15 against Rs.75.26 crores in H1FY14 (9.75% YOY growth).
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SBI Cards & Payments Services Pvt Ltd registered a net profit of Rs.194.20 crores in H1FY15 against Rs.143.38 crs in H1 FY 14 (35.44% YOY growth).
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SBI Life Insurance Company Ltd posted a Net Profit of Rs.458.58 crores, in H1FY15 from Rs.431.70 crores in H1FY14(6.23% YOY growth).
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Net Profit (after minority interest) of SBI Group has increased from Rs 7371 crores in H1FY14 to Rs 8472 crores in H1FY15 (14.93% YOY growth).
ANNEXURE:
Details of Profit and Loss account for stand alone are as follows:
|
2013-14
|
2014-15
|
Growth H1FY15 Over H1FY14
|
Growth Q2FY15 Over Q2FY14
|
|
Q2
|
H1
|
Q2
|
H1
|
%
|
%
|
Interest on Advances
|
25379
|
49225
|
27869
|
55429
|
12.60
|
9.81
|
Interest on Resources Operations
|
8243
|
15717
|
9166
|
17815
|
13.35
|
11.20
|
Others Sundry Interest
|
300
|
698
|
228
|
506
|
-27.57
|
-24.14
|
Total Interest Income
|
33922
|
65640
|
37263
|
73750
|
12.35
|
9.85
|
Interest on Deposits
|
19277
|
37363
|
21900
|
42806
|
14.57
|
13.60
|
Interest on Borrowings
|
1468
|
2683
|
952
|
2155
|
-19.70
|
-35.12
|
Others Sundry Interest
|
926
|
1831
|
1136
|
2263
|
23.57
|
22.71
|
Total Interest Expenses
|
21671
|
41877
|
23988
|
47223
|
12.77
|
10.69
|
Net Interest Income
|
12251
|
23763
|
13275
|
26527
|
11.63
|
8.36
|
Non-Interest Income
|
3278
|
7752
|
4571
|
8823
|
13.81
|
39.43
|
Operating Income
|
15529
|
31515
|
17845
|
35350
|
12.17
|
14.91
|
Staff Expenses
|
5819
|
11358
|
5564
|
11128
|
-2.02
|
-4.38
|
Overhead Expenses
|
3399
|
|
|
|
|
|