Result of Meeting

The Listing Department

The BSE Ltd. 31.01.2012

Phiroze Jeejeebhoy Tower,

25th Floor, Dalal Street, CC/S&B/VKJ/2668

Mumbai - 400001

Dear Sir/Madam,

LISTING AGREEMENT: CLAUSE 22

OUTCOME OF THE MEETING OF EXECUTIVE COMMITTEE OF THE CENTRAL BOARD OF THE BANK

In terms of clause 22 of the Listing Agreement, we advise that the Executive Committee of Central Board (ECCB) of the Bank, in its meeting held on 31.01.2012, has accorded its approval under section 5(2) of the SBI Act, to increase the issued capital of the Bank by way of preferential allotment of equity shares to Government of India ("GoI") of such number of equity shares of Rs.10 each for cash at a price to be determined by the ECCB in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009, aggregating to the extent of approximately Rs.7900 crore (including premium), to achieve minimum 8% Tier I CAR for the year by March 31, 2012, pursuant to the approval from the Reserve Bank of India and GoI for the increase in issued capital, in accordance with section 5(2) of the State Bank of India Act, 1955.

2. The date of the General Meeting of the Bank's shareholders to obtain their approval for the above preferential allotment of shares to GoI and the relevant date for the purpose of determining the price will be announced later.

Yours faithfully,

… sd …

General Manager