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SBI STAND ALONE RESULTS OF Q3FY 2015

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HIGHLIGHTS

• Net Profit increased by 30.24% to Rs.2,910 crores in Q3FY15 from Rs.2,234 crores in Q3FY14.
• Operating Profit increased by 22.00% from Rs.7,618 crores in Q3FY14 to Rs. 9,294 crores in Q3FY15.
• Gross NPA Ratio is down by 83 bps to 4.90% in Q3FY15 as against 5.73% in Q3FY14.
• Net Interest Income increased by 9.20% from Rs. 12,616 crores in Q3FY14 to Rs.13,777 crores in Q3FY15.
• Non Interest Income increased by 24.27% from Rs. 4,215 crores in Q3FY14 to Rs. 5,238 crores in Q3FY15.
• Operating Income increased by 12.97% from Rs. 16,831 crores in Q3FY14 to Rs. 19,014 crores in Q3FY15.
• Expenses Ratio has declined by 432 bps from 55.57% in Dec 13 to 51.25% in Dec 14.

PROFITABILITY

Q3FY15 OVER Q3FY14

• Total Interest Income increased from Rs. 34,853 crores in Q3FY14 to Rs.38,546 crores in Q3FY15 (10.60%YOY growth).
• Interest Income on Advances increased from Rs. 26,310 crores in Q3FY14 to Rs. 28,646 crores in Q3FY15 (8.88%YOY growth).
• Interest Income on Resource Operations increased from Rs.8,308 crores in Q3FY14 to Rs.9,636 crores in Q3FY15 (15.99%YOY growth).
• Total Interest Expenses increased from Rs.22,237 crores in Q3FY14 to Rs. 24,770 crores in Q3FY15 (11.39%YOY growth).
• Interest Expenses on Deposits increased from Rs. 20,111 crores in Q3FY14 to Rs. 22,816 crores in Q3FY15 (13.45%YOY growth).
• Operating Expenses increased from Rs. 9,213 crores in Q3FY14 to Rs.9,720 crores in Q3FY15 (5.51%YOY growth).
• Staff Expenses decreased from Rs. 5,867 crores in Q3FY14 to Rs.5,842 crores in Q3FY15 (-0.43%YOY decline).

9MFY15 OVER 9MFY14
• Interest Income on Advances increased from Rs. 75,535 crores in 9MFY14 to Rs. 84,075 crores in 9MFY15 (11.31%YOY growth).
• Interest Income on Resources Operations increased from Rs. 24,025 crores in 9MFY14 to Rs.27,451 crores in 9MFY15 (14.26%YOY growth).
• Interest paid on deposits increased from Rs. 57,474 crores in 9MFY14 to Rs.65,963 crores in 9MFY15 (14.77%YOY growth).
• Non Interest Income increased from Rs. 11,967 crores in 9MFY14 to Rs. 14,061 crores in 9MFY15 (17.49%YOY growth).
• Staff Expenses decreased from Rs.17,225 crores in 9MFY14 to Rs.16,971 crores in 9MFY15 (-1.48 %YOY decline).

DEPOSITS
• Deposits of the Bank increased from Rs.13,49,940 crores in Dec 13 to Rs.15,10,077 crores in Dec 14.( 11.86%.YOY growth)
• Savings Bank deposits increased from Rs.4,65,833 crores in Dec 13 to Rs. 5,09,274 crores in Dec 14 (9.33% YOY growth) .

ADVANCES
• Gross Advances increased from Rs. 11,83,723 crores in Dec 13 to Rs.12,65,483 crores in Dec 14 (6.91% YOY growth).
• Large Corporate advances increased from Rs.1,99,658 crores in Dec 13 to Rs.2,39,618 crores in Dec 14 (20.01%. YOY growth).
• Retail advances increased from Rs.2,30,827 crores in Dec 13 to Rs.2,60,226 crores in Dec 14 (12.74% YOY growth). Home loans increased from Rs.1,35,129 crores in Dec 13 to Rs.1,52,905 crores in Dec 14 (13.15% YOY growth).

 

• Gross NPAs declined from Rs.67,799 crores in Dec 13 to Rs.61,991 crores in Dec 14.(-8.57% YOY decline)

KEY FINANCIAL RATIOS (SBI):
• Return on Assets 0.68% in Dec 14 increased from 0.63% in Dec 13.
• Return on Equity 11.12% in Dec 14 increased from 10.97% in Dec 13.
• Average Cost of Deposits moved to 6.32% in Dec 14 from 6.25% in Dec 13.
• Average Yield on Advances moved to 10.57% in Dec 14 from 10.40% in Dec 13.
Performance of Associates and Subsidiaries:
• SBI Capital Markets Ltd (consolidated) has registered a net profit of Rs212.02 crores in 9MFY15 up from Rs.152.88 crores in 9MFY14 (38.68%YOY growth).
• SBI Cards & Payments Services Pvt Ltd registered a net profit of Rs.251.66 crores in 9MFY15 against Rs.231.74 crs in 9MFY 14 (8.60% YOY growth).
• SBI Life Insurance Company Ltd posted a Net Profit of Rs.614.59 crores, in 9MFY15 from Rs.540.84 crores in 9MFY14(13.64% YOY growth).
• Net Profit (after minority interest) of SBI Group has increased from Rs 10,210 crores in 9MFY14 to Rs 12,300 crores in 9MFY15 (20.47% YOY growth).

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