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State Bank of India
Source Name: State Bank of India

State Bank of India Results H1FY15

Nov 14, 2014   14:30 IST 
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.

  • 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.

  • Gross NPA ratio is down by 75 bps to 4.89% in Q2FY15 as against 5.64% in Q2FY14.

 

 

 

 

 

 

 

PROFITABILITY:

 

Q2FY15 OVER Q2FY14

  • Total Interest Income increased from Rs. 33,922 crores in Q2FY14 to Rs.37,263 crores in Q2FY15 (9.85%YOY growth).

  • Interest Income on Advances increased from Rs. 25,379 crores in Q2FY14 to Rs. 27,869 crores in Q2FY15 (9.81%YOY growth).

  • Interest Income on Resource Operations increased from Rs.8,243 crores in Q2FY14 to Rs.9,166 crores in Q2FY15 (11.20%YOY growth).

  • Total Interest Expenses increased from Rs.21,671 crores in Q2FY14 to Rs. 23,988 crores in Q2FY15 (10.69%YOY growth).

  • Interest Expenses on Deposits increased from Rs. 19,277 crores in Q2FY14 to Rs. 21,900 crores in Q2FY15 (13.60%YOY growth).

  • Operating Expenses increased from Rs. 9,218 crores in Q2FY14 to Rs.9,423 crores in Q2FY15 (2.23%YOY growth).

  • Staff Expenses decreased from Rs. 5,819 crores in Q2FY14 to Rs.5,564 crores in Q2FY15 (4.38%YOY decline).

 

 

 

H1FY15 OVER H1FY14

  • Interest Income on Advances increased from Rs. 49,225 crores in H1FY14 to Rs. 55,429 crores in H1FY15 (12.60%YOY growth).

  • Interest Income on Resources Operations increased from Rs. 15,717 crores in H1FY14 to Rs.17,815 crores in H1FY15 (13.35%YOY growth).

  • Interest paid on deposits increased from Rs. 37,363 crores in H1FY14 to Rs.42,806 crores in H1FY15 (14.57%YOY growth).

  • Non Interest Income increased from Rs. 7,752 crores in H1FY14 to Rs. 8,823 crores in H1FY15 (13.81%YOY growth).

  • Staff Expenses decreased from Rs.11,358 crores in H1FY14 to Rs.11,129 crores in H1FY15 (2.02 %YOY decline).

 

DEPOSITS

  • 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)

  • 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

  • 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).

  • 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).

  • 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).

  • 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).

  • 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).

  • 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).

  • 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

 

  • Gross NPAs declined from Rs.64,206 crores in Sep 13 to Rs.60,712 crores in Sep 14.(5.44% YOY decline)

 

 

 

KEY FINANCIAL RATIOS (SBI):

  • Return on Assets 0.71% in Sep 14 against 0.69% in Sep 13.

  • Return on Equity 11.49% in Sep 14 against 11.77 % in Sep 13.

  • Average Cost of Deposits moved to 6.31% in Sep 14 from 6.22% in Sep 13.

  • Average Yield on Advances moved from 10.32 % in Sep 13 to 10.57% in Sep 14.

 

 

 

 

 

Performance of Associates and Subsidiaries:

  • 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).

  • 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).

  • 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).

  • 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).

  • 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


 
 
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