Last checked at 14 May 2009 07:00
Dear Sir/Madam,
LISTING AGREEMENT
AUDITED WORKING RESULTS OF STATE BANK OF INDIA
FOR THE YEAR ENDED 31st MARCH, 2009
We refer to our letter no. CO/S&B/SKT/2009/315 dated 09.05.2009 along with which we had submitted a copy of the audited results by way of annexure. Some of the information in the annexure have been revised/regrouped, as per the table given by way of enclosure, to reflect the correct position. We, therefore, submit the latest version of Annexure with revised figures in the prescribed format for information and necessary action at your end.
| S. No. | Item No. | Column No. | Original Figures | Revised Figures |
| 1. | 8. - of which provision for Non-performing assets | Quarter ended 31.03.2009 | 1178.72 cr. | 1296.25 cr. |
| 2. | 18(v). Return on assets (annualized) | Quarter ended 31.03.2009 | 1.04% | 1.10% |
| 3. | 18(v). Return on assets (annualized) | Quarter ended 31.03.2008 | 1.01% | 1.10% |
| 4. | 20(b) Non-encumbered ------------------------------ | Figures already advised vide our letter No. CO/S&B/JAIN/369 dated 11.05.2009 | ||
| 5. | Part A Primary Segments- 1a. Treasury | Year ended 31.03.2009 | 13109.88 cr. | 19838.88 cr. |
| 6. | Part A Primary Segments- 1b. Corporate/wholesale Banking | Year ended 31.03.2009 | 30970.41 cr. | 24241.41 cr. |
| 7. | Part A Primary Segments- 1d. Unallocated | Year ended 31.03.2008 | --- | 345.69 cr. |
| 8. | Total of item No. 1 | Year ended 31.03.2008 | 57299.55 cr. | 57645.24 cr. |
| 9. | Part B Secondary Segments-Revenues | Year ended 31.03.2009 | 71482.43 cr. | 71563.34 cr. |
| 10. | Part B Secondary Segments-Total Revenues | Year ended 31.03.2009 | 76398.31 cr. | 76479.22 cr. |
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH 2009 - REVISED
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| Particulars | Quarter ended | Year ended | Year Ended | ||||
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| 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 |
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| 1 | Interest Earned (a)+(b)+(c)+(d) | 17342.39 | 13576.73 | 63788.43 | 48950.31 | 91667.01 | 71495.82 | |
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| (a) | Interest/discount on advances/bills | 12083.61 | 9603.47 | 46404.71 | 35228.11 | 67285.12 | 51920.07 |
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| (b) | Income on Investments | 4230.89 | 3211.76 | 15574.11 | 11944.16 | 22079.30 | 17406.32 |
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| (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 |
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| (d) | Others | 147.74 | 542.70 | 335.23 | 577.96 | 519.09 | 726.88 |
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| 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 | |
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| 5 | Operating Expenses (i) + (ii) | 4283.11 | 3244.66 | 15648.70 | 12608.61 | 26201.15 | 23943.23 | |
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| (i) | Employee cost | 2349.60 | 1569.60 | 9747.31 | 7785.87 | 12626.62 | 10457.51 |
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| (ii) | Other Operating Expenses | 1933.51 | 1675.06 | 5901.39 | 4822.74 | 13574.53 | 13485.72 |
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| TOTAL EXPENDITURE (4) + (5) | 16783.56 | 12020.80 | 58563.99 | 44537.69 | 88827.61 | 71887.27 |
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| 7 |
| OPERATING PROFIT (3 - 6) | 5277.05 | 4373.13 | 17915.23 | 13107.55 | 24265.48 | 18331.54 |
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| (before Provisions and Contingencies) |
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| 8 |
| Provisions (other than tax) and Contingenecies | 1377.66 | 1619.14 | 3734.57 | 2668.65 | 6000.08 | 4340.97 |
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| --- of which provisions for Non-performing assets | 1296.25 | 1066.98 | 2474.97 | 2000.94 | 3616.30 | 2804.05 |
| 9 | Exceptional Items |
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| 0.00 | 370.57 | 0.00 | |
| 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) |
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| 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 | |
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| Share of Minority |
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| 217.78 | 252.23 | ||
| 15 | NET PROFIT AFTER MINORITY INTEREST |
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| 10955.28 | 8960.61 | |
| 16 | Paid-up equity Share Capital | 634.88 | 631.47 | 634.88 | 631.47 | 634.88 | 631.47 | |
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| (Face Value of Rs.10 per share) |
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| 17 | Reserves excluding Revaluation Reserves | 57312.81 | 48401.19 | 57312.81 | 48401.19 | 71755.51 | 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% | 59.41% | 59.73% | 59.41% | 59.73% |
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| (ii) | Capital Adequacy Ratio |
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| Basel I | 12.97% | 13.54% | 12.97% | 13.54% |
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| Basel II | 14.25% |
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| (iii) | Earnings Per Share (EPS) (in Rs.) |
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| (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 |
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| (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 |
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| (iv) | NPA Ratios |
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| (a) Amount of gross non-performing assets | 15588.60 | 12837.34 | 15588.60 | 12837.34 |
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| (b) Amount of net non-performing assets | 9552.02 | 7424.33 | 9552.02 | 7424.33 |
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| (c) % of gross NPAs | 2.84% | 3.04% | 2.84% | 3.04% |
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| (d) % of net NPAs | 1.76% | 1.78% | 1.76% | 1.78% |
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| (v) | Return on Assets (Annualised) | 1.10% | 1.10% | 1.04% | 1.01% |
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| 19 | Public Shareholding |
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| .. .. .. No. of shares | 257673022 | 254263176 | 257673022 | 254263176 |
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| .. .. .. Percentage of Shareholding | 40.59% | 40.27% | 40.59% | 40.27% |
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| 20 | Promotors and Promotor Group Shareholding |
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| (a) | Pledged/Encumbered |
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| Number of Shares | NIL |
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| Percentage of Shares (as a percentage of the total shareholding of promoter |
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| Percentage of Shares (as a percentage of the total share capital of the company) |
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| (b) | Non-encumbered |
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| Number of Shares | 377207200 | 377207200 | 377207200 | 377207200 |
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| Percentage of Shares (as a percentage of the total shareholding of promoter and promotor group) | 100% | 100% | 100% | 100% |
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| Percentage of Shares (as a percentage of the total share capital of the company) | 59.41% | 59.73% | 59.41% | 59.73% |
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| Segment-wise Revenue, Results and Capital Employed | ||||||||
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| Part A : Primary Segments | Rs.in.crores |
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| Year ended |
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| Particulars | 31.03.2009 | 31.03.2008 |
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| 1 |
| Segment Revenue (income) |
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| a | Treasury | 19838.88 | 13982.33 |
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| b | Corporate / Wholesale Banking | 24241.41 | 15662.77 |
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| c | Retail Banking | 32398.93 | 27654.45 |
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| d | Unallocated | - | 345.69 |
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| Less Inter Segmental Revenue |
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| Total | 76479.22 | 57645.24 |
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| 2 |
| Segment Results (Profit before tax) |
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| a | Treasury | 3744.64 | 1230.76 |
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| b | Corporate / Wholesale Banking | 5071.12 | 4961.26 |
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| c | Retail Banking | 7222.86 | 5617.52 |
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| Total | 16038.62 | 11809.54 |
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| Add / (Less) : Unallocated | -1857.96 | -1370.64 |
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| Operating Profit | 14180.66 | 10438.90 |
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| Less : Tax | 5059.42 | 3709.78 |
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| Less : Extraordinary Profit / Loss |
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| Net Profit | 9121.24 | 6729.12 |
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| 3 |
| Capital Employed |
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| a | Treasury | 19303.77 | 13166.77 |
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| b | Corporate / Wholesale Banking | 15672.85 | 29478.56 |
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| c | Retail Banking | 22971.07 | 6387.33 |
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| Total | 57947.69 | 49032.66 |
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| * Equity Capital is allocated between segments in proportion of the Assets of respective segments | ||||||||
| Part B : Secondary Segments | Rs.in.crores |
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| Geographic Segments | Domestic Operation | Foreign Operation | Total | |||
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| Year ended | Year ended | Year ended | ||||
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| Particulars | 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 | 31.03.2009 | 31.03.2008 |
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| Revenue | 71563.34 | 51493.43 | 4915.88 | 6151.81 | 76479.22 | 57645.24 |
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| 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. | ||||||||
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| 2. During the year State Bank of Saurashtra (SBS) was acquired by the Bank. | ||||||||
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| 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. | ||||||||
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| 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 |
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| (iii) disposed off during the quarter 79 (iv) outstanding at the end of the quarter- Nil. |
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The above results have been approved by the Central Board of the Bank on the 9th May 2009.
| Date 09.05.2009 | R. SRIDHARAN | S. K. BHATTACHARYYA | O. P. BHATT |
| Kolkata | MD & GE (A&S) | MD & CCRO | CHAIRMAN |