28 Jul 2008 07:00
STATE BANK OF INDIA
UNAUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED 30TH JUNE 2008 | ||||||||
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| State Bank of India | State Bank of India (Consolidated) | ||||
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| Quarter ended | Year ended | Quarter ended | Year ended | ||
| Particulars | 30.06.2008 | 30.06.2007 | 31.03.2008 | 30.06.2008 | 30.06.2007 | 31.03.2008 | |
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| (Reviewed) | (Reviewed) | (Audited) | (Reviewed) | (Reviewed) | (Audited) |
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1 |
| Interest Earned (a) + (b) + (c) + (d) | 13799.20 | 11090.50 | 48950.31 | 20224.08 | 16300.04 | 71495.82 |
| (a) | Interest/discount on advances / bills | 10013.99 | 7988.52 | 35228.11 | 14819.26 | 11851.26 | 51920.07 |
| (b) | Income on Investments | 3507.94 | 2598.43 | 11944.16 | 5055.22 | 3851.21 | 17406.32 |
| (c) | Interest on balances with Reserve Bank of India |
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| and other inter bank funds | 207.07 | 496.98 | 1200.08 | 253.56 | 577.14 | 1442.55 |
| (d) | Others | 70.20 | 6.57 | 577.96 | 96.04 | 20.43 | 726.88 |
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2 |
| Other Income | 2403.87 | 1138.59 | 8694.93 | 3523.35 | 2582.53 | 18722.99 |
3 |
| TOTAL INCOME (1+2) | 16203.07 | 12229.09 | 57645.24 | 23747.43 | 18882.57 | 90218.81 |
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4 |
| Interest Expended | 8981.54 | 6889.12 | 31929.08 | 13509.96 | 10447.44 | 47944.04 |
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5 |
| Operating Expenses (i) + (ii) | 3259.19 | 2978.51 | 12608.61 | 5068.51 | 5085.46 | 23943.23 |
| (i) | Employee cost | 2130.95 | 2026.37 | 7785.87 | 2873.78 | 2773.86 | 10457.51 |
| (ii) | Other Operating Expenses | 1128.24 | 952.14 | 4822.74 | 2194.73 | 2311.60 | 13485.72 |
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6 |
| TOTAL EXPENDITURE (4) + (5) | 12240.73 | 9867.63 | 44537.69 | 18578.47 | 15532.90 | 71887.27 |
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| (excluding Provisions and Contingencies) |
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7 |
| OPERATING PROFIT (3 - 6) | 3962.34 | 2361.46 | 13107.55 | 5168.96 | 3349.67 | 18331.54 |
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| (before Provisions and Contingencies) |
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8 |
| Provisions (other than tax) and Contingencies (net of write-back) | 1549.47 | 159.37 | 2668.65 | 2640.28 | 387.33 | 4340.97 |
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| --- of which provisions for Non-performing assets | -247.40 | 506.24 | 2000.94 | -97.06 | 708.19 | 2804.05 |
9 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
10 |
| Profit from Ordinary Activities before tax (7-8-9) | 2412.87 | 2202.09 | 10438.90 | 2528.68 | 2962.34 | 13990.57 |
11 |
| Tax expenses | 772.08 | 776.28 | 3709.78 | 848.65 | 1038.70 | 4777.73 |
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| Net Profit from Ordinary Activities after tax (10-11) | 1640.79 | 1425.81 | 6729.12 | 1680.03 | 1923.64 | 9212.84 |
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| Extraordinary items (net of tax expense) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
14 |
| Net Profit for the period (12-13) | 1640.79 | 1425.81 | 6729.12 | 1680.03 | 1923.64 | 9212.84 |
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| Share of Minority |
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| 39.11 | 61.98 | 252.23 |
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| Net Profit after Minority Interest |
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| 1640.92 | 1861.66 | 8960.61 |
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16 |
| Paid-up equity share capital | 634.88 | 526.30 | 631.47 | 634.88 | 526.30 | 631.47 |
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| (Face Value of Rs. 10 per share) |
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17 |
| Reserves excluding Revaluation Reserves | 48401.19 | 30503.66 | 48401.19 | 60604.91 | 41691.86 | 60604.91 |
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| (as per balance sheet of previous accounting year) |
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18 |
| Analytical Ratios |
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| (i) | Percentage of shares held by Government of India | 59.41% | 59.73% | 59.73% | 59.41% | 59.73% | 59.73% |
| (ii) | Capital Adequacy Ratio | 12.99% | 13.13% | 13.54% |
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| 13.49% |
| (iii) | Earnings Per Share (EPS) (in Rs.) |
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| (a) Basic and diluted EPS before Extraordinary items (net of tax | 25.92 | 27.03 | 126.62 | 25.92 | 35.29 | 168.61 |
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| expense) | (not annualised) | (not annualised) |
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| (b) Basic and diluted EPS after Extraordinary items | 25.92 | 27.03 | 126.62 | 25.92 | 35.29 | 168.61 |
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| (not annualised) | (not annualised) |
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| (iv) | NPA Ratios |
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| (a) Amount of gross non-performing assets | 11408.12 | 11380.43 | 13599.49 |
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| (b) Amount of net non-performing assets | 6298.43 | 5504.61 | 7424.34 |
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| (c) % of gross NPAs | 2.54% | 3.30% | 3.21% |
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| (d) % of net NPAs | 1.42% | 1.62% | 1.78% |
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| (v) | Return on Assets (Annualised) | 0.85% | 0.94% | 1.01% |
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19 |
| Public Shareholding |
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| --- No. of shares | 257673022 | 211959678 | 254263176 |
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| --- Percentage of Shareholding | 40.59% | 40.27% | 40.27% |
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(Rs.in crores)
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| Quarter ended | Year ended | |
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| Particulars | 30.06.2008 | 30.06.2007 | 31.03.2008 |
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1 |
| Segment Revenue (income) |
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| a | Treasury Operations | 4328.90 | 2319.17 | 13982.33 |
| b | Corporate / Wholesale Banking Operations | 4413.93 |
| 15662.77 |
| c | Retail Banking Operations | 7460.24 | 12848.40 | 27654.45 |
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| Less Inter Segmental | 0.00 | 2938.48 | 0.00 |
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| Total | 16203.07 | 12229.09 | 57299.55 |
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2 |
| Segment Results (Profit before tax) |
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| a | Treasury Operations | -816.86 | -316.71 | 1230.76 |
| b | Corporate / Wholesale Banking Operations | 1028.11 |
| 4961.26 |
| c | Retail Banking Operations | 2627.93 | 2885.37 | 5617.52 |
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| Total | 2839.18 | 2568.66 | 11809.54 |
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| Add / (Less) : Unallocated | -426.31 | -366.57 | -1370.64 |
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| Operating Profit | 2412.87 | 2202.09 | 10438.90 |
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| Less : Tax | 772.08 | 776.28 | 3709.78 |
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| Less : Extraordinary Profit / Loss |
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| Net Profit | 1640.79 | 1425.81 | 6729.12 |
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3 |
| Capital Employed (Segment Assets - Segment Liabilities) |
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| a | Treasury Operations | 13166.77 | 3399.94 | 13166.77 |
| b | Corporate / Wholesale Banking Operations | 29478.56 |
| 29478.56 |
| c | Retail Banking Operations | 6387.33 | 27898.62 | 6387.33 |
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| Total | 49032.66 | 31298.56 | 49032.66 |
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| 1. Capital Employed are as on 31st March of the previous year |
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| 2. The segment information is a compiled by the management and relied upon by the auditors. |
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| The above results have been approved by the Central Board of the Bank on the 26th July 2008 and were subjected to Review by the Auditors. | |||||
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Mumbai | S. K. BHATTACHARYYA |
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| O. P. BHATT | |||
Date : | 26.07.2008 Managing Director and Chief Credit & Risk Officer | Chairman |
Mumbai S. K. BHATTACHARYYA O. P. BHATT
26th July 2008. Managing Director Chairman
and Chief Credit & Risk Officer