Last checked at 12 May 2009 09:05
RNS Number : 0026S
State Bank Of India
11 May 2009
TO: RNS
STATE BANK OF INDIA GLOBAL DEPOSITARY RECEIPTS (GDRs) COMMON CODE 6996167, ISIN -US 8565522039, CINS – 856552203 LISTING AGREEMENT AUDITED WORKING RESULTS OF STATE BANK OF INDIA FOR THE YEAR ENDED 31ST MARCH, 2009
We enclose for your information, a copy of our letter No.CO/S&B/SKT/2009/315 dated 9th May, 2009 addressed to Bombay Stock Exchange Ltd, Mumbai, alongwith a copy of the audited working results of the Bank for the year ended the 31st March, 2009.
General Manager Encl. as above
LETTER TO: Bombay Stock Exchange Ltd., 09-05-2009 CO/S&B/SKT/2009/315 LISTING AGREEMENT AUDITED WORKING RESULTS OF STATE BANK OF INDIA FOR THE YEAR ENDED 31ST MARCH, 2009 In terms of Clause 41 of the Listing Agreement, we forward herewith a copy of the audited working results of the Bank for year ended the 31st March, 2009, taken on record by the Central Board of the Bank at its meeting held on date . General Manager Encl. as above
| STATE BANK OF INDIA | ||||||||
| Central Office, Mumbai - 400 021 | ||||||||
| AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH 2009 | ||||||||
| | | | | | | | | Rs. in crores |
| | | | | | Consolidated | |||
| | Particulars | Quarter ended | Year ended | Year Ended | ||||
| | | | 31.03.09 | 31.03.2008 | 31.03.09 | 31.03.2008 | 31.03.09 | 31.03.2008 |
| | | | | | | | | |
| 1 | Interest Earned (a)+(b)+(c)+(d) | 17342.39 | 13576.73 | 63788.43 | 48950.31 | 91677.01 | 71495.82 | |
| | (a) | Interest/discount on advances/bills | 12083.61 | 9603.47 | 46404.71 | 35228.11 | 67285.12 | 51920.07 |
| | (b) | Income on Investments | 4230.89 | 3211.76 | 15574.11 | 11944.16 | 22079.30 | 17406.32 |
| | (c) | Interest on balances with Reserve Bank of India and other interbank funds | 880.15 | 218.80 | 1474.38 | 1200.08 | 1783.50 | 1442.55 |
| | (d) | Others | 147.74 | 542.70 | 335.23 | 577.96 | 519.09 | 726.88 |
| | | | | | | | | |
| 2 | Other Income | 4718.22 | 2817.20 | 12690.79 | 8694.93 | 21426.08 | 18722.99 | |
| 3 | | TOTAL INCOME (1+2) | 22060.61 | 16393.93 | 76479.22 | 57645.24 | 113093.09 | 90218.81 |
| | | | | | | | | |
| 4 | Interest Expended | 12500.45 | 8776.14 | 42915.29 | 31929.08 | 62626.46 | 47944.04 | |
| | | | | | | | | |
| 5 | Operating Expenses (i) + (ii) | 4283.11 | 3244.66 | 15648.70 | 12608.61 | 26201.15 | 23943.23 | |
| | (i) | Employee cost | 2349.60 | 1569.60 | 9747.31 | 7785.87 | 12626.62 | 10457.51 |
| | (ii) | Other Operating Expenses | 1933.51 | 1675.06 | 5901.39 | 4822.74 | 13574.53 | 13485.72 |
| | | | | | | | | |
| 6 | | TOTAL EXPENDITURE (4) + (5) | 16783.56 | 12020.80 | 58563.99 | 44537.69 | 88827.61 | 71887.27 |
| | | (excluding Provisions and Contingencies) | | | | | | |
| 7 | | OPERATING PROFIT (3 - 6) | 5277.05 | 4373.13 | 17915.23 | 13107.55 | 24265.48 | 18331.54 |
| | | (before Provisions and Contingencies) | | | | | | |
| 8 | | Provisions (other than tax) and Contingenecies | 1377.66 | 1619.14 | 3734.57 | 2668.65 | 6000.08 | 4340.97 |
| | | --- of which provisions for Non-performing assets | 1178.72 | 1066.98 | 2474.97 | 2000.94 | 3616.30 | 2804.05 |
| 9 | | Exceptional Items | | | | 0.00 | 370.57 | |
| 10 | | PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX (7-8-9) | 3899.39 | 2753.99 | 14180.66 | 10438.90 | 17894.83 | 13990.57 |
| 11 | | Tax expense | 1157.08 | 870.74 | 5059.42 | 3709.78 | 6721.77 | 4777.73 |
| 12 | | NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX (10-11) | 2742.31 | 1883.25 | 9121.24 | 6729.12 | 11173.06 | 9212.84 |
| 13 | | Extraordinary items (net of tax expense) | | 0.00 | | 0.00 | 0.00 | 0.00 |
| 14 | | NET PROFIT FOR THE PERIOD (12-13) | 2742.31 | 1883.25 | 9121.24 | 6729.12 | 11173.06 | 9212.84 |
| | | Share of Minority | | | | | 217.78 | |
| 15 | | NET PROFIT AFTER MINORITY INTEREST | | | | | 10955.28 | 8960.61 |
| 16 | Paid-up equity Share Capital | 634.88 | 631.47 | 634.88 | 631.47 | 634.88 | 631.47 | |
| | (Face Value of Rs.10 per share) | | | | | | | |
| 17 | Reserves excluding Revaluation Reserves | 57312.81 | 48401.19 | 57312.81 | 48401.19 | 71755.51 | 60604.91 | |
| | (as per balance sheet of previous accounting year) | | | | | | | |
| 18 | Analytical Ratios | | | | | | | |
| | (i ) | Percentage of shares held by Government of India | 59.41% | 59.73% | 59.41% | 59.73% | 59.41% | 59.73% |
| | (ii) | Capital Adequacy Ratio | | | | | | |
| | | Base II | 12.97% | 13.54% | 12.97% | 13.54% | | |
| | | Base III | 14.25% | | 14.25% | | | |
| | (iii) | Earnings Per Share (EPS) (in Rs.) | | | | | | |
| | | (a) Basic and diluted EPS before Extraordinary items (net of tax expenses) | 43.23 | 34.65/34.62 | 143.77 | 126.62/126.50 | 172.68 | 168.61/168.45 |
| | | | (not annualised) | (not annualised) | | | | |
| | | (b) Basic and diluted EPS after Extraordinary items | 43.23 | 34.65/34.62 | 143.77 | 126.62/126.50 | 172.68 | 168.61/168.45 |
| | (iv) | NPA Ratios | | | | | | |
| | | (a) Amount of gross non-performing assets | 15588.60 | 12837.34 | 15588.60 | 12837.34 | | |
| | | (b) Amount of net non-performing assets | 9552.02 | 7424.34 | 9552.02 | 7424.34 | | |
| | | (c) % of gross NPAs | 2.84% | 3.04% | 2.84% | 3.04% | | |
| | | (d) % of net NPAs | 1.76% | 1.78% | 1.76% | 1.78% | | |
| | (v) | Return on Assets (Annualised) | 1.04% | 1.10% | 1.04% | 1.01% | | |
| 19 | Public Shareholding | | | | | | | |
| | | .. .. .. No. of shares | 257673022 | 254263176 | 257673022 | 254263176 | | |
| | | .. .. .. Percentage of Shareholding | 40.59% | 40.27% | 40.59% | 40.27% | | |
| | | | | | | | | |
| 20 | | Promotors and Promotor Group Shareholding | | | | | | |
| | (a) | Pledged/Encumbered | NIL | | | |||
| | | Pledged/Encumbered | | | ||||
| | | Percentage of Shares (as a percentage of the total shareholding of promoter and promotor group) | | | ||||
| | | Percentage of Shares (as a percentage of the total share capital of the company) | | | ||||
| | (b) | Non-encumbered | | | ||||
| | | Number of Shares | | | ||||
| | | Percentage of Shares (as a percentage of the total shareholding of promoter and promotor group) | | | ||||
| | | Percentage of Shares (as a percentage of the total share capital of the company) | | | | | | |
| STATE BANK OF INDIA Central Office, Mumbai - 400 001. | ||||||||||||||||||
| AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2008 Segment-wise Revenue, Results and Capital Employed | ||||||||||||||||||
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| Part A : Primary Segments | Rs. in crores | |||||||||||||||||
| | | | | Year ended | | |||||||||||||
| | | Particulars | 31.03.2009 | 31.03.2008 | ||||||||||||||
| 1 | | Segment Revenue (income) | | | ||||||||||||||
| | a | Treasury | 13109.88 | 13982.33 | ||||||||||||||
| | b | Corporate/Wholesale Banking | 30970.41 | 15662.77 | ||||||||||||||
| | c | Retail Banking | 32398.93 | 27654.45 | ||||||||||||||
| | | Less Inter Segmental Revenue | | | ||||||||||||||
| | | Total | 76479.22 | 57299.55 | ||||||||||||||
| 2 | | Segment Results (Profit before Tax) | | | ||||||||||||||
| | a | Treasury | 3744.64 | 1230.76 | ||||||||||||||
| | b | Corporate/Wholesale Banking | 5071.12 | 4961.26 | ||||||||||||||
| | c | Retail Banking | 7222.86 | 5617.52 | ||||||||||||||
| | | Total | 16038.62 | 11809.54 | ||||||||||||||
| | | Add/(Less): Unallocated | -1857.96 | -1370.64 | ||||||||||||||
| | | Operating Profit | 14180.66 | 10438.90 | ||||||||||||||
| | | Less : Tax | 5059.42 | 3709.78 | ||||||||||||||
| | | Less : Extraordinary Profit / Loss | | | ||||||||||||||
| | | Net Profit | 9121.24 | 6729.12 | ||||||||||||||
| | | | | | ||||||||||||||
| 3 | | Capital Employed | | | ||||||||||||||
| | a | Treasury | 19303.77 | 13166.77 | ||||||||||||||
| | b | Corporate / Wholesale Banking | 15672.85 | 29478.56 | ||||||||||||||
| | c | Retail banking | 22971.07 | 6387.33 | ||||||||||||||
| | | Total | 57947.69 | 49032.66 | ||||||||||||||
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| * Equity Capital is allocated between segments in proportion of the Assets of respective segments | ||||||||||||||||||
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| Part B : Secondary Segments | | | | Rs. in crores | ||||||||||||||
| Geographic Segments | Domestic Operations | Foreign Operations | Total | |||||||||||||||
| Year ended | Year ended | Year ended | ||||||||||||||||
| Particulars | 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 | ||||||||||||
| Revenue | 71482.43 | 51147.74 | 4915.88 | 6151.81 | 76398.31 | 57299.55 | ||||||||||||
| Assets | 856147.58 | 632865.94 | 108284.50 | 88660.37 | 964432.08 | 721526.31 | ||||||||||||
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| 1. | The Central Board have declared a dividend of Rs. 29 per share (290%) for the year ended 31st March 2009. | |||||||||||||||||
| 2. | During the year State Bank of Saurashtra (SBS) was acquired by the Bank. | |||||||||||||||||
| 3. | During the year the Bank has issued 3409846 equity shares of Rs. 10 each for cash at a premium of Rs. 1580/ per equity share aggregating to Rs. 542.17 crores to its employees under SBI Employees Share Purchase Scheme. | |||||||||||||||||
| 4. | Number of investor’s complaints received and disposed off during the quarter ended 31.03.2009: | |||||||||||||||||
| | (i) | pending at the beginning of the quarter-03 (ii) received during the quarter-76 | ||||||||||||||||
| | (iii) | disposed off during the quarter 79 (iv) outstanding at the end of the quarter- Nil. | ||||||||||||||||
| | The above results have been approved by the Central Board of the Bank on the 9th May 2009. | |||||||||||||||||
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| Date 09.05.2009 | R. SRIDHARAN | S. K. BHATTACHARYYA | O. P. BHATT | |||||||||||||||
| Kolkata | MD & GE (A&S) | MD & CCRO | CHAIRMAN | |||||||||||||||
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