State Bank Of India has informed the Exchange about Investor Presentation
The Listing Department, BSE Limited, Phiroje Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai – 400001.
The Listing Department, National Stock Exchange of India Limited, Exchange Plaza, 5th Floor, C / 1, ‘G’ Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.
BSE SCRIP Code: 500112
NSE SCRIP Code: SBIN
CC/S&B/AD/2023/332
Madam / Sir,
04.08.2023
Sub: SEBI (LODR) Regulations, 2015: Submission of Presentation for Analysts / Investors on Financial Results for the Quarter ended 30.06.2023
We refer to our letter no.: CC/S&B/AD/2023/301 dated 25.01.2023 intimating about the Meeting of the Central Board of the Bank for considering the financial results of the Bank for the quarter ended 30th June, 2023 and the analyst meet to be held on 4th August, 2023 at 5.00 pm. post Q1FY24 results.
ln compliance with the provisions of Regulation 30 read with Part A of Schedule III and other applicable provisions of SEBI (LODR) Regulations, 2015, we enclose the presentation for Analysts / Investors on Financial Results of the Bank for the quarter ended 30th June, 2023.
The analyst presentation has been hosted on the website of the Bank and is available under the link:
https://sbi.co.in/web/investor-relations/analyst-presentation
Please arrange to take the above disclosure on record and for dissemination.
Yours faithfully,
(Aruna N Dak) AGM (Compliance & Company Secretary)
Quarterly
Q1FY24
A N A L Y S T P R E S E N T A T I O N | 0 4 . 0 8 . 2 0 2 3
Safe Harbor
Certain statements in these slides are forward-looking statements. These statements are based on Management's current expectations and are subject to uncertainty and changes in circumstances. Actual outcomes may differ materially from those included in these statements due to a variety of factors.
Contents 1
2
3
Macro Economic Indicators
04-05
Performance Highlights
06-20
Financial Performance
4
Capital Adequacy & Asset Quality
28-33
5
Digital Journey
6
34-44
Banking with a Purpose
21-27
45-51
7
Subsidiaries, Group Financials & Balance Sheet
52-57
Macro Economic Indicators
Macro Economic Indicators
Performance Highlights
Financial Performance
Capital Adequacy & Asset Quality
Digital Journey
Banking with a Purpose
Subsidiaries, Group Financials & Balance Sheet
Macro-economic indicators remain buoyant
Economy in Sweet Spot
ITR returns filed till 31 July (in crore)
• 6.8 crore Income Tax Returns (ITRs) filed till 31st Jul’23; record growth of 16.1% YoY
• GST revenues remain robust. Monthly GST threshold has now increased to ₹ 1.7 trillion in Apr-
Jul’23 (₹ 1.2 trillion in FY22)
•
India has received $20.2 billion FII inflows so far in FY24 ($5.5 bn outflow in FY23), positive for rupee and CAD financing
• FY24 real GDP growth is expected at 6.5% (RBI) with Q1FY24 growth may surpass 8% mark
• Spatial distribution of monsoon is quite even so far with 4% surplus. Average headline inflation excluding vegetables is at 5.2% in FY24 (6.9% in FY23), Average core inflation at 5.2% in FY24 (6.1% in FY23)
6.8
5.9
5.8
5.4
3.4
2.7
2.2
1.9
1.0
1.3
0.7
0.6
AY13
AY14
AY15
AY16
AY17
AY18
AY19
AY20
AY21
AY22
AY23
AY24
FII flows ($ mn) making new highs every month in 2023
1.5
1.4
1.5
1.5
1.5
1.5
1.6
1.5
1.9
1.6
1.6
1.7
1.6
2 2 - l u J
2 2 - g u A
2 2 - p e S
2 2 - t c O
2 2 - v o N
2 2 - c e D
3 2 - n a J
3 2 - b e F
3 2 - r a M
3 2 - r p A
3 2 - y a M
3 2 - n u J
3 2 - l u J
Source: SBI Research
8000
6000
4000
2000
0
-2000
-4000
-6000
-8000
Jan
Feb
Mar
Apr
May
Jun
Jul
2022
2023
Q1FY24 Analyst Presentation
5
Performance Highlights
Macro Economic Indicators
Performance Highlights
Financial Performance
Capital Adequacy & Asset Quality
Digital Journey
Banking with a Purpose
Subsidiaries, Group Financials & Balance Sheet
Key trends in Q1FY24
Credit growth continues ~14% YoY Robust growth across all segments
Auto loans cross ₹1 lakh crore
Asset quality improving outcomes
Gross NPA at 2.76% improved by 115 bps YoY
Net NPA at 0.71% improved by 29 bps YoY
Credit Cost for the quarter at 0.32% improved by 29 bps YoY
Well provided Stressed Book
PCR at 74.82%; PCR (incl. AUCA) at 91.41%
Total non-NPA provisions (not included in PCR) at ₹34,955 crores which are ~152% of Net NPAs at the end of Q1FY24
Digital Strategy on track ~63% of savings accounts and 35% of retail asset accounts acquired through YONO in Q1FY24
Highest ever profit Net Profit is at ₹16,884 crores
Highest ever Net Profit for the fourth quarter in succession.
ROA at 1.22% for the quarter improved by 74 bps YoY
ROE at 24.42% for the quarter improved by 1,433 bps YoY
Domestic NIM at 3.47% for the quarter improved by 24 bps YoY
Q1FY24 Analyst Presentation
7
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Key indicators
Quarter Ended
YoY Growth
CASA
Xpress Credit
Q1FY23
Q1FY24
(₹ in Crores)
Return on Assets (%)
Net Interest Income
31,196
38,905
24.71%
17,67,666
18,66,059
3,10,778
1.22
Net Interest Margin – Domestic (%)
3.23
3.47
24 bps
2,59,514
Operating Profit
12,753
25,297
98.37%
6,068
16,884
178.25%
0.61
1.00
90.14
75.05
13.43
0.32
-29 bps
0.71
-29 bps
91.41
127 bps
74.82
-23 bps
14.56
113 bps
% 7 5 . 5
% 5 7 . 9 1
0.48
s p b 4 7
Jun 22
Jun 23
Jun 22
Jun 23
Q1FY23 Q1FY24
Term Deposits
Home Loan
Return on Equity (%)
21,32,185
24,86,168
6,52,548
5,75,075
29,00,636
33,03,731
13.90%
40,45,696
45,31,237
12.00%
% 0 6 . 6 1
10.09
% 7 4 . 3 1
24.42
s p b 3 3 4 , 1
s s o L &
t i f o r P
) s e r o r C n
i
₹ (
s o i t a R y e K
t e e h S e c n a l a B
)
% n i (
) s e r o r C n
i
₹ (
Net Profit
Credit Cost
Net NPA
PCR (Incl. AUCA)
PCR
Capital Adequacy
Gross Advances
Total Deposits
Retail Personal Advances
10,34,111
12,04,279
16.46%
Jun 22
Jun 23
Jun 22
Jun 23
Q1FY23 Q1FY24
Q1FY24 Analyst Presentation
8
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Credit growth
Share of Domestic Advances
Jun 22 (%)
Jun 23 (%)
42.19
Retail Per
42.70
42.50
Retail Per
Segment
Jun 2022
Jun 2023
(₹ in Crores)
YoY Growth (%)
Retail Personal
10,34,111
12,04,279
16.46
Agri
SME
2,29,922
2,64,052
14.84
3,12,774
3,69,917
18.27
Corporate
8,74,014
9,82,184
12.38
Domestic Advances
24,50,821
28,20,433
15.08
9.38
Agri
12.77 SME
35.66 Corporate
9.30 AGRI
9.36 Agri
13.20 13.12 SME SME
35.00 Corporate
34.82 Corporate
Foreign Offices Advances
4,49,816
4,83,299
7.44
Total Whole Bank Advances
29,00,636
33,03,731
13.90
Q1FY24 Analyst Presentation
9
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Credit growth Retail Personal Banking Leadership across all segments
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
As on Jun 2023
Retail Personal Portfolio of
O/S, ₹ in crores
YoY Growth, %
GNPA, %
lakh crore
Home Loans
3 - year CAGR at
Jun 23:
of Dom. Adv.
Auto Loans
Xpress Credit
Personal Gold Loans
Other P Seg Loans
As per latest available data Bank’s market share in Home loans is 33.4% & in Auto loans is 19.5%
Q1FY24 Analyst Presentation
10
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Credit growth Diversified Loan Portfolio High quality asset book
Corporate Rating mix (%)
41
25
Jun 23
16
9
9
38
23
Jun 22
17
9
13
~43% share to PSUs / Govt. Depts.
*Including NPA book and Unrated
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
AAA
AA
A
BBB
BB & below*
AAA
AA
A
BBB
BB & below*
Industry mix
(₹ in Crores)
Outstanding as on 30th Jun 23
Fund Based O/S
Sectors
Infrastructure of which: Power
Telecommunication Roads & Ports Other Infrastructure
Services Iron & Steel Aviation & Airports Tourism & Hotels Textiles Petroleum & Petrochemicals Engineering Comm. Real Estate Other Industries Home Loans Auto Loans Other Retail Loans Agriculture Total Domestic Advances
Amount
3,67,405 1,85,261 37,963 1,05,853 38,328 3,70,757 54,567 16,766 11,235 35,311 43,505 25,012 47,888 3,79,656 6,52,548 1,00,853 4,50,878 2,64,052 28,20,433
%Share
YOY Gr%
13.03 6.57 1.35 3.75 1.36 13.15 1.93 0.59 0.40 1.25 1.54 0.89 1.70 13.46 23.14 3.58 15.99 9.36 100.00
3.04 -4.18 -4.38 15.31 20.87 34.36 37.23 27.82 11.65 6.56 -2.10 22.71 13.00 8.16 13.47 22.97 19.59 14.84 15.08
Q1FY24 Analyst Presentation
11
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Credit growth International Banking Gross Advances: Remained resilient ₹ in Crores
4,86,360
4,92,440
4,83,299
4,49,816
Break up of Loan Portfolio (%)
Loan Portfolio across Geographies (%)
30.4
33.6
Local Lending
India Linked Loans
Trade Finance
Jun 22
Dec 22
Mar 23
Jun 23
Asset Quality: NPAs Contained GNPA (%)
36.0
Highlights:
3 3 6
6
5
6
7
7
10
27
20
USA
UK
HongKong
Singapore
Bahrain
UAE
Antwerp
Others
GIFT City (India)
Japan
Germany
•
Issued USD 750 mio Senior Unsecured Bond under MTN Bond Program. Bond received order book of USD 5.4 Bn from marquee investors across geographies.
0.52
• Despite challenging quarter, gross advances level displayed resilience.
0.41
0.40
0.37
• Gross NPA ratio down by 15 bps YoY, underlining continued improvement in quality of
assets.
Jun-22
Dec 22
Mar 23
Jun 23
Q1FY24 Analyst Presentation 12
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Deposit growth
Share of Domestic Deposits
Particulars
Jun 2022
Jun 2023
₹ in Crores
YoY Growth (%)
Jun 22 (%)
Jun 23 (%)
CA, 6.00
CA, 5.93
SA, 39.33
TD, 54.67
SA, 36.95
TD, 57.12
Current Account Deposits (CA)
2,33,707
2,58,232
10.49
Saving Bank Deposits (SA)
15,33,959
16,07,827
CASA Deposits
17,67,666
18,66,059
4.82
5.57
Term Deposits (TD)
21,32,185
24,86,168
16.60
Domestic Deposits
38,99,851
43,52,227
11.60
Foreign Offices Deposits
1,45,844
1,79,010
22.74
Total Deposits
40,45,696
45,31,237
12.00
CASA:
CASA:
Q1FY24 Analyst Presentation 13
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Asset quality
Slippages
9,740
7,659
Restructuring
Restructuring 1.0
Retail Personal
Corporate
SME
Total O/S
Restructuring 2.0
Retail Personal
Corporate
SME
Total O/S
₹ in Crores
As on Mar 23
As on Jun 23
2,583
1,044
3,323
6,950
2,377
1,035
2,877
6,288
As on Mar 23
As on Jun 23
11,628
0
5,724
17,352
11,218
0
5,160
16,378
Q1FY23
Q1FY24
• Slippages down by 21.37% YoY
• Slippage Ratio improved by 44 bps YoY from
1.38% to 0.94%
Total Restructuring
24,302
22,666
Q1FY24 Analyst Presentation 14
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Net interest income
Net Interest Margins (%)
Yield on Investments (%)
3.23
3.02
1.32
3.39
3.17
1.44
3.49
3.29
1.67
3.58
3.37
1.69
3.47
3.33
2.24
6.16
6.29
6.40
6.51
6.83
Jun-22
Sep-22
Dec-22
Mar-23
Jun-23
Jun-22
Sep-22
Dec-22
Mar-23
Jun-23
Domestic Ops
Overseas Ops
Whole Bank
Domestic
Yield on Advances (%)
Cost of Deposits (%)
7.43
7.66
7.87
1.98
2.50
3.26
8.78
5.89
8.10
3.80
3.80
3.84
1.05
1.35
4.55
3.54
3.90
1.75
3.99
2.10
Jun-22
Sep-22
Dec-22
Mar-23
Jun-23
Domestic
Foreign Offices
Jun-22
Sep-22
Domestic
Dec-22
Mar-23
Jun-23
Foreign Offices
Q1FY24 Analyst Presentation
15
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Non-interest income
Fee Income
6,625
6,372
Commission on LC / BG
Commission on Govt. Business
768
780
1,022
1,006
₹ in Crores
Cross Selling
692
593
% 7 9 . 3
% 5 4 . 1
% 9 5 . 1 -
% 3 6 . 6 1
Q1FY23
Q1FY24
Q1FY23
Q1FY24
Q1FY23
Q1FY24
Q1FY23
Q1FY24
Fee Income grew by
Cross Sell Income grew by
Recovery from AUCA accounts at
YoY in Q1FY24
YoY in Q1FY24
crores in Q1FY24
Q1FY24 Analyst Presentation 16
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Non-interest income Treasury Operations AFS Book (%)
Jun 2022
11
23
11
5
50
Modified Duration 2.08
Yield on Investment 6.16%
Break up of Domestic Investments (%)
-0.02
42.29
0.15
36.47
57.73
63.39
Jun 22
Jun 23
HFT
AFS
HTM
Jun 2023
27
12
5
14
42
Total Investments Book
Domestic Investments
- of which SLR
Foreign Offices Investments
Total Investments Book
Modified Duration 1.98
Yield on Investment 6.83%
Jun 22
14,93,371
12,02,179
55,829
15,49,200
₹ in Crores
Jun 23
15,24,276
12,38,517
62,580
15,86,855
Q1FY24 Analyst Presentation 17
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Operating expenses Focus continues on improving income streams with control on costs
Q1FY24 (%)
Cost to Assets – among the best in the industry
23.2
35.3
41.4
1.81
1.86
1.86
Salary Retiral benefits & other provisions Overheads
Total cost to average assets, %
FY22
FY23
Q1FY24
Q1FY24 Analyst Presentation
18
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Provisions
Credit costs at
PCR at
Non NPA provisions at
for Q1FY24
legacy book well provided
of Net NPA at end of Q1FY24
Available Buffer ₹ in Crores
Provisions on standard assets at end of FY23
25,238
Additional Provision for Restructured Standard Accounts
Other Loan Related Provisions
Total provisions not included in PCR at end of FY23
7,368
2,349
34,955
Q1FY24 Analyst Presentation
19
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Sustainable RoE / RoA – a perspective
ROE (in %)
30.00
25.00
20.00
15.00
10.00
5.00
0.00
-5.00
-10.00
-3.78
FY18
ROA (in %)
-0.19
FY18
7.74
9.94
13.92
0.48
24.42
19.43
FY19
FY20
FY21
FY22
FY23
Q1FY24
1.22
0.96
0.38
0.48
0.67
0.02
FY19
FY20
FY21
FY22
FY23
Q1FY24
Upward trend in ROE
Continuous improvement in ROE from FY19 onwards
Upward trend in ROA
Continuous improvement in ROA from FY19 onwards; Guidance of ROA of 1%+ on track
Q1FY24 Analyst Presentation
20
Financial Performance
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Financials – at a glance
Particulars (₹ in Crores)
Quarter ended
Growth (%)
Q1FY23
Q4FY23
Q1FY24
Q1FY24 over Q4FY23
Q1FY24 over Q1FY23
Interest Income
Interest Expenses
Net Interest Income
Non Interest Income
Operating Income
Operating Expenses
Operating Profit
Total Provisions
Net Profit
NIM (Whole Bank) (%)
NIM (Domestic) (%)
Cost to Income Ratio (%)
Cost to Assets (%)
72,676
41,480
31,196
2,312
33,508
20,756
12,753
6,684
6,068
3.02
3.23
61.94
1.66
92,951
52,559
40,393
13,961
54,354
29,733
24,621
7,927
16,695
3.60
3.84
54.70
2.19
95,975
57,070
38,905
12,063
50,968
25,671
25,297
8,413
16,884
3.33
3.47
50.37
1.86
3.25
8.58
-3.68
-13.59
-6.23
-13.66
2.74
6.13
1.14
-27 bps
-37 bps
32.06
37.58
24.71
421.73
52.11
23.68
98.37
25.85
178.25
31 bps
24 bps
-433 bps
-1,157 bps
-33 bps
20 bps
Q1FY24 Analyst Presentation 22
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Total income
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Particulars (₹ in Crores)
Quarter ended
Growth (%)
Interest on Loans
Interest on Resources
Other Interest income
Total Interest Income
Fee Income
Profit / Loss on Sale / Revaluation of Investments
Forex Income
Misc. Income
Total Non Interest Income
Total Income
Q1FY23
Q4FY23
Q1FY24
46,474
23,618
2,585
72,676
6,372
-6,549
2,014
475
2,312
63,679
26,138
3,134
92,951
8,003
1,800
-29
4,187
67,128
26,366
2,481
95,975
6,625
3,847
540
1,051
13,961
12,063
74,989
1,06,912
1,08,039
Q1FY24 over Q4FY23
5.42
0.87
-20.82
3.25
-17.22
113.73
1,945.25
-74.90
-13.59
1.05
Q1FY24 over Q1FY23
44.44
11.64
-4.01
32.06
3.97
158.75
-73.19
121.25
421.73
44.07
Q1FY24 Analyst Presentation 23
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Fee income break up
Particulars (₹ in Crores)
Quarter ended
Growth (%)
Loan Processing Charges
Commission on Govt. Business
Commission on LC/BG
Cross Selling
Remittance, Collection, etc.
Misc. Fee Income
Fee Income
Q1FY23
Q4FY23
Q1FY24
1,312
1,022
768
593
1,583
1,094
6,372
1,405
886
818
1,132
1,999
1,763
8,003
1,026
1,006
780
692
1,432
1,690
6,625
Q1FY24 over Q4FY23
Q1FY24 over Q1FY23
-26.99
-21.79
13.55
-4.66
-38.87
-28.38
-4.15
-17.22
-1.59
1.45
16.63
-9.54
54.52
3.97
Q1FY24 Analyst Presentation 24
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Total expenses
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Particulars (₹ in Crores)
Quarter ended
Growth (%)
Interest on Deposits
Interest on Borrowings
Other Interest paid
Total Interest Expenses
Salary
Provisions for Employees
Staff Expenses
Overheads
of which: Business Acquisition & Development Expenses
Operating Expenses
Total Expenses
Q1FY23
Q4FY23
Q1FY24
Q1FY24 over Q4FY23
Q1FY24 over Q1FY23
37,300
2,737
1,443
41,480
9,494
2,557
12,051
8,704
1,718
20,756
62,236
44,346
6,035
2,178
52,559
10,330
7,286
17,616
12,116
1,334
29,733
82,291
49,930
4,734
2,406
57,070
10,641
5,960
16,601
9,071
893
25,671
82,742
12.59
-21.55
10.49
8.58
3.00
-18.20
-5.77
-25.14
-33.01
-13.66
0.55
33.86
72.96
66.70
37.58
12.07
133.07
37.75
4.21
-47.99
23.68
32.95
Q1FY24 Analyst Presentation 25
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Overheads
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Particulars (₹ in Crores)
Quarter ended
Growth (%)
Rent, Taxes and Lighting
Depreciation
Printing and Stationery
Postage & Telecommunications
Repairs and Maintenance to Bank's Property
Travelling & Halting
Deposit & General Insurance
Business Acquisition & Development Expenses
ATM /CDM/Debit Card /Other Tech Expenses
Misc. Expenses
Overheads
Q1FY23
Q4FY23
Q1FY24
1,186
1,645
1,292
837
134
114
211
278
1,420
1,718
1,397
1,410
8,704
857
221
147
335
439
1,765
1,334
2,634
2,740
12,116
818
175
121
240
309
1,387
893
2,028
1,808
9,071
Q1FY24 over Q4FY23
Q1FY24 over Q1FY23
-21.47
-4.56
-21.10
-17.27
-28.39
-29.50
-21.42
-33.01
-23.00
-34.03
-25.14
8.86
-2.22
30.70
6.28
13.83
11.29
-2.34
-47.99
45.17
28.21
4.21
Q1FY24 Analyst Presentation 26
Macro Economic Indicators
Overview
Macro Economic Indicators
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Provisions & profit
Particulars (₹ in Crores)
Quarter ended
Growth (%)
Operating Profit
Loan Loss
Standard Assets
Investment Depreciation
Other Provisions
Income Tax
Total Provisions
Net Profit
Ratios (Annualized)
ROA (%)
ROE (%)
Earning Per Share (₹)
Q1FY23
Q4FY23
Q1FY24
12,753
4,268
-1,295
1,503
-84
2,292
6,684
6,068
Q1FY23
0.48
10.09
27.27
24,621
1,278
2,558
18
-539
4,611
7,927
16,695
FY23
0.96
19.43
56.29
25,297
2,652
-433
14
268
5,911
8,413
16,884
Q1FY24
1.22
24.42
76.09
Q1FY24 over Q4FY23
2.74
107.43
-116.91
-20.61
149.74
28.20
6.13
1.14
Q1FY24 over Q1FY23
98.37
-37.87
66.59
-99.06
419.51
157.90
25.85
178.25
Q1FY24 Analyst Presentation 27
Capital Adequacy & Asset Quality
Macro Economic Indicators
Performance Highlights
Financial Performance
Capital Adequacy & Asset Quality
Digital Journey
Banking with a Purpose
Subsidiaries, Group Financials & Balance Sheet
Well-capitalized bank with adequate liquidity
Capital Ratios (%)
RWA to Total Assets (%)
13.43
2.28
1.43
9.72
14.68
2.62
1.79
29
14.56
2.59
1.78
12.1
8.6
10.27
10.19
50.96
50.45
50.48
Jun-22
Mar-23
Jun-23
Jun 22
Mar 23
Jun 23
Credit Risk Weighted Assets on Advances to Gross Advances (%)
55.50
55.80
54.40
Jun 22
Mar 23
Jun 23
CET-1
AT-1
Tier-2
Min regulatory CET-1 ratio
Min regulatory Total Capital ratio
#Including Profits of Q1FY24, total CAR stands at 15.16%
Q1FY24 Analyst Presentation
29
Macro Economic Macro Economic Indicators Indicators
Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Asset quality (1/4)
Gross NPA (₹ in Crores)
1,13,272
1,06,804
98,347
90,928
91,328
Cumulative for the Period (%)
Jun 22
Sep 22
Dec 22
Mar 23
Jun 23
Gross NPA Ratio
Net NPA Ratio
Jun 22
Sep 22
Dec 22
Mar 23
Jun 23
PCR (Incl. AUCA)
Net NPA (₹ in Crores)
28,258
23,572
23,484
21,467
22,995
PCR
Corporate PCR (Excl. AUCA)
Slippage Ratio
Credit cost
3.91
1.00
90.14
75.05
92.30
1.38
0.61
3.52
0.80
91.54
77.93
95.64
0.86
0.45
3.14
0.77
91.52
76.12
96.30
0.72
0.37
2.78
0.67
91.91
76.39
98.59
0.65
0.32
2.76
0.71
91.41
74.82
96.24
0.94
0.32
Jun 22
Sep 22
Dec 22
Mar 23
Jun 23
Q1FY24 Analyst Presentation 30
Macro Economic Macro Economic Indicators Indicators
Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Asset quality (2/4)
Movement of NPAs:
Opening Level of Gross NPAs
Total Reductions
of which : Recovery + Upgradation
Gross Addition
of which : Increase in O/s
: Fresh Slippages
Net Increase
Q1FY23
1,12,023
8,866
5,208
10,115
375
9,740
1,248
Q2FY23
1,13,272
8,909
5,207
2,441
42
2,399
-6,468
Closing Level of Gross NPAs
1,13,272
1,06,804
Q3FY23
1,06,804
11,667
1,643
3,209
112
3,098
-8,458
98,347
Q4FY23
98,347
10,877
4,200
3,458
274
3,185
-7,419
90,928
FY23
1,12,023
40,319
16,258
19,223
803
18,421
-21,096
90,928
Segmental NPAs:
Jun 22
Mar 23
Jun 23
Retail:
Agri.
Per Segment
SME
Corporate
International
Total
NPA
58,878
29,781
8,544
20,554
52,062
2,331
1,13,272
Ratio %
3.73
12.95
0.83
6.57
5.96
0.52
3.91
NPA
54,202
29,675
7,434
17,093
34,774
1,951
90,928
Ratio %
3.02
11.47
0.63
4.76
3.55
0.40
2.78
NPA
55,911
29,774
8,497
17,640
33,637
1,780
91,328
₹ in Crores
Q1FY24
90,928
7,472
3,607
7,872
213
7,659
400
91,328
Ratio %
3.04
11.28
0.71
4.77
3.42
0.37
2.76
Q1FY24 Analyst Presentation 31
Macro Economic Macro Economic Indicators Indicators
Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Movement of NPAs and AUCA (3/4)
Movement of NPAs (incl. Advances under Collection):
Mar 21
Mar 22
Mar 23
Jun 23
₹ in Crores
Opening Level of GNPA + AUCA
3,16,684
3,00,496
2,85,358
2,65,497
Gross Addition (Increase in O/s + Slippages)
29,332
26,776
19,223
7,872
Total GNPA + AUCA + Additions
3,46,016
3,27,272
3,04,581
2,73,369
Less: Recovery / Upgradation
27,930
29,218
23,355
Less: Write-off (Removal from AUCA/Haircut)
17,590
12,696
15,729
4,741
1,036
Closing Level of Gross NPAs + AUCA
3,00,496
2,85,358
2,65,497
2,67,592
Q1FY24 Analyst Presentation 32
Macro Economic Macro Economic Indicators Indicators
Overview
Performance Highlights
Financial Performance
Capital Adequacy & Asset Quality
Capital Adequacy & Asset Quality
Digital Journey
Banking with a Purpose
Subsidiaries, Group Financials & Balance Sheet
Asset quality (4/4)
Slippages
₹ in Crores
18,421
9,740
7,659
3,098
3,185
2,399
SMA 1 & SMA 2
₹ in Crores
Accounts with exposure above ₹ 5 crore: CRILC data
8,497
6,983
1,921
1,814
6,576
5,169
7,221
1,583
5,638
4,747
1,688
3,059
3,260
795
2,465
FY23
Q1FY23
Q2FY23
Q3FY23
Q4FY23
Q1FY24
Jun-22
Sep-22
Dec-22
Mar-23
Jun-23
SMA1
SMA2
Q1FY24 Analyst Presentation 33
Digital Journey
Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators
Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Accelerating digital agenda (1/8)
Features
❑ The Enhanced YONO Version is now opened up for all
New to Bank (NTB) and Existing to Bank (ETB)
customers
❑ Customers of other banks can now access and
experience seamless UPI journey on YONO
Q1FY24 Analyst Presentation
35
Macro Economic Macro Economic Indicators Indicators
Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Accelerating digital agenda (2/8) You only need one
11.1M
Daily logins
~780K
Daily Average Transactions
63.6M
Customers
~33K
Registrations per day
*Figures calculated based on Q1FY24 Data
Q1FY24 Analyst Presentation 36
Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators
Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Accelerating digital agenda (3/8)
YONO: Driving digital agenda of the Bank
YONO customers registered
Digital Banking
Create seamless omni-channel customer experience
New daily digital SB accounts opened
(Q1FY24)
Daily logins
(Q1FY24)
Average Daily Cardless Cash Withdrawal
(Q1FY24)
Financial Superstore
Provide one-stop shop for all financial needs
Online Market Place
Increase customer engagement
Sales Mutual Fund
(Q1FY24)
Approved credit cards
(Q1FY24)
Insurance Policies sold (Q1FY24)
Customer visiting YONO to shop & order
(Q1FY24)
Gross Merchandise Value (Q1FY24)
Categories
(since inception)
Merchants on-boarded under
Q1FY24 Analyst Presentation
37
Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators
Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Accelerating digital agenda (4/8) YONO has shown growth across products and registrations
YONO Registration (#Lakhs)
Regular SB A/C opened (#Lakhs)
6.2%
29.4
27.8
21.0
24.7%
16.9
Pre-Approved PL Disbursed
(₹ Cr.)
5,428
33.3%
4,073
Credit Card Sourced (# ‘000)
214.0
256%
60.0
Q1 FY23
Q1 FY24
Q1 FY23
Q1 FY24
Q1 FY23
Q1 FY24
Q1 FY23
Q1 FY24
new YONO registrations in current FY
of new SB a/cs have been opened digitally through YONO
growth in no. of personal loans disbursed during Q1FY24
QoQ growth in Q1FY24
Q1FY24 Analyst Presentation
38
Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators
Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Accelerating digital agenda (5/8) Future vision for YONO: Become “Primary digital bank of choice”
The focus of next generation of YONO shall be on
Omnichannel experience across digital channels with “start anywhere, end anywhere” and automated drop-off management
Integrations with FinTechs and MarTechs across the customer value chain
Hyper-personalized customer experience with customized features and offers
Innovative, market-first disruptive product offerings across liability and lending products
Comprehensive end-to-end new- to-bank proposition “YONO for every Indian”
Future ready technology platform with modular architecture ensuring high availability and business continuity
Q1FY24 Analyst Presentation
39
Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators
Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Accelerating digital agenda (6/8) YONO for Business: Growth metrics
Q1FY24
Journey
YB CINB Payments
Value generated
₹ 49,66,842 Cr.
NTD Customers
Customer onboarded
1,06,622
Active Users (Desktop) 22,81,756 Active Users (YB App) 9,56,893
Digital Banking
PABL
Loan Book
Loans Value ₹1,123 Cr
Leads Converted 14,741
Current Account
New digital CA
47,072
Digital 37 %
Letter of Credit
Import
Inland
Export
Import letter of credit
₹ 23,061 Cr
Digital LCs 3,038 (Nos.)
Digital 65%*
Inland letter of credit
₹ 5,788 Cr
Digital LCs 4,028 (Nos.)
Digital 49%*
Export letter of credit
₹ 9,262 Cr
Digital LCs 3,103 (Nos.)
Digital 51%*
*Digital % of Total LCs issued
Q1FY24 Analyst Presentation
40
Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators
Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Accelerating digital agenda (7/8)
Digital Leadership across channels
Market share across channels
(as per latest available data)
Debit card spends
Mobile Banking
No. of Transactions
ATMs
Mobile Banking
Transaction value
Increasing digital adoption(%)
2%3%
12%
3%
2%
8%
Jun 22
Jun 23
83%
87%
Digital* ATM & CDM BC Channel Branch
Share of Alternate Channels
* Digital comprises of Internet, Mobile, UPI & YONO and Green Channel
With varied payment modes
UPI
Remit transactions (in Q1FY24)
Number of SBI UPI handles
(#1 Remittance Bank) Market share in remittances
Debit cards
Debit Cards
Debit Card spend transactions
Debit Card spend (in Q1FY24)
ATM
ATM transactions per day
Q1FY24 Analyst Presentation
41
Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators
Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Accelerating digital agenda (8/8) Digital Presence across channels
Presence across access points
Customer touch points
INB Customer
Mobile banking (Retail)
No. of BC Outlets
Number of ATMs
10.4 Cr
11.7 Cr
5.1 Cr
6.4 Cr
67.7 K
78.4 K
65 K
65 K
Jun 22
Jun 23
Jun 22
Jun 23
Jun 22
Jun 23
Jun 22
Jun 23
Payment acceptance touch points
BHIM SBI Pay
SBI POS
BHIM-Aadhar-SBI
Bharat QR
Q1FY24 Analyst Presentation
42
Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators
Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Advances Business Through Analytical Leads (1/2)
YoY Growth 34%
₹ 29,021 Cr
₹ 21,635 Cr
Digital Lending
Q1FY24
PAPL ₹5,416 Cr.
PABL ₹1,123 Cr.
PA2WL ₹4 Cr.
RTXC ₹203 Cr.
Insta Home Topup ₹226 Cr.
POS online ₹51 Cr.
Q1FY23
Q1FY24
SBI Card ₹ 58 Cr
JV Income ₹83 Cr
SBI Life ₹ 3 Cr
Mutual Fund ₹ 22 Cr
JV Product Commission ₹ 83 Cr (fee)
REHBU ₹ 2,133 Cr
PBBU ₹ 22,509 Cr
ABU ₹ 2,647 Cr
SMEBU ₹ 1,732 Cr
Besides this, significant value created through Income Leakage Recovery, Risk Mitigation & Operational Efficiency
Q1FY24 Analyst Presentation
43
Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators
Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Analytics – New Enablers (2/2)
Martech
Industry-Academia Connect
• Marketing Tech Stack being procured to gain insights into user behavior
• Grant worth ₹22.5 Cr. provided to IIT-Bombay through CSR arm SBI Foundation
• Tech Stack has been designed to facilitate Analytics Use-cases
• Several new data points & use-cases to be enabled, including:
• Customer Journey Analytics
• Customer Nudges
• Campaign orchestration and measurement
•
Integration with in-app and web analytics
• Grant covers:
• Set-up of a hub to research current/emerging issues in Banking Analytics
• Funding for research targeting pain-points in the Indian BFSI sector
• Extensive collaboration planned to combine Bank’s on-the-ground experience
with IIT-Bombay’s research expertise
Digital Marketing
Customer Relationship Management
• Several Analytics-enabled Digital Marketing campaigns undertaken
• Deeper Integration of Analytical Dashboards through API-triggered tracking
• Employees recruited from the Industry to enhance digital marketing talent pool
•
Improved adoption through email broadcasts, awareness campaigns, etc.
•
In-depth training in digital marketing provided to senior Data Scientists
• Data Quality of CRM enhanced by removing duplicate leads, etc.
Q1FY24 Analyst Presentation
44
Banking with a Purpose
Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators
Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Financial Inclusion
No. of BC outlets
Transactions in BC Channel
Deposits in FI Accounts
67,735
78,370
13.90
14.14
93,646
81,477
16.00
14.00
12.00
10.00
8.00
6.00
4.00
2.00
0.00
Transaction Amount (₹ in Cr)
No. of Transactions (in Cr)
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
-
1,20,000
60,000
-
3,471
59,628
3,143
52,439
3,500
3,000
2,500
2,000
1,500
1,000
500
-
Deposits (₹ in Cr)
Average Balance (₹)
Jun 22
Jun 23
Q1FY23
Q1FY24
Jun 22
Jun 23
Market Leader Social Security Schemes (PSBs) (Share in %) (As on 30.06.2023)
43.38
39.38
31.87
APY
PMSBY
PMJJBY
Way forward
•
•
•
To Provide Doorstep banking through handheld device
To leverage the channel for lead generation of Assets Products
To make BC/CSP Channel a robust delivery platform
Cumulative no. in crores
APY
PMJJBY
PMSBY
Passbook Printers installed at CSPs
% Share of Passbooks printed at CSPs
Performance under Social Security Schemes
Improvement in Ease of Banking
Jun 22
0.94
3.02
8.13
Jun 22
18,510
18.81
Jun 23
1.22
4.40
10.10
Jun 23
23,293
14.85
Q1FY24 Analyst Presentation 46
Macro Economic Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators Indicators
Overview Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Sustainability Highlights
Financial Capital
Natural Capital
Social Capital
Human Capital
₹ 16,884 crores Net Profit
₹ 40,604 crores Renewable Energy (RE) financed portfolio
₹ 4.34 crores CSR Spend
2,35,075 Total workforce*
₹ 33.04 lakh crores Advances
26,694.81 MW Capacity of RE financed portfolio
78,370 Business correspondents*
26.81% Women in workforce*
₹ 45.31 lakh crores Deposits
>37 MWp Captive RE Capacity*
26,122 Youth trained through RSETIs
5,375 Persons with Disabilities / Divyang*
97.5 Share of transactions through Alternate Channels
32 Green Building Certifications*
5,300 Sanitary pads distributed
98.84% Staff covered under medical benefits
* indicates values that are cumulative in nature i.e. up to 30.06.2023
Q1FY24 Analyst Presentation 47
Macro Economic Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators Indicators
Overview Overview Overview
Performance Highlights
Environment
Performance Highlights
Financial Performance
Financial Performance
Formation of ESG & Climate Finance Unit
•
•
Consolidation of ESG and Climate finance functions under a dedicated unit headed by CGM to enable focused new business opportunities during the transition phase.
attention
tapping
and
DMD, Chief Credit Officer Sustainability Officer of the Bank
is the designated Chief
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Vision
• To create Pathway to Net Zero ( Scope
1,2 and 3) for the bank by 2055
Mission
To achieve by 2030:
I. Net Zero in Scope 1 & 2 emissions
II. Facilitate at
least 7.5% of domestic
gross advances to be Green advances
III. 25% of
these green advances to be
funded by Green Lines of Credits
EV Chargers
48 electric vehicle charging stations been have installed at Bank’s owned premises.
Shift to Renewal energy sources
Solar roof tops installed in 11 Branch premises with a capacity of 236 kWp
Tree Plantation
More than 40,000 trees have been planted in and spaces open branch/office premises
Installation of PET bottle crushing machines 4 machines Bank’s towards disposal Plastic
installed at premises responsible of Single Use
owned
Impetus for Renewable Energy (RE) : Supporting growth of RE projects with an associated capacity of 26,694.81 MW
As of 30th June 2023
Financing for various renewable energy projects: ₹ 40,604 crore
Solar Power (Rooftop & ground mounted) ₹ 24,098 crore
Small hydro / Hydro ₹ 9,139 crore
Wind Power and Biomass ₹ 7,367 crore
Financing for sustainability – major projects
Sustainable Transportation ₹ 3,960 crore
Flue Gas Distribution ₹ 573 crore
Energy Efficiency process / products ₹ 563 crore
Q1FY24 Analyst Presentation
48
Macro Economic Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators Indicators
Overview Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Contributing to Society (1/2) CSR activities planned by the Bank for current Financial Year
• PwD welfare: Distribution of 2,600 wheel-chairs
• Digital education: Setting up of smart class-
for use by PwDs
rooms / computer labs in 208 primary/secondary
• Senior citizen welfare: Adoption of 104 old age
homes across the country
• Girl health / hygiene: Distribution of 2.36 lakh
sanitary kits in 450 girls' schools across the
schools across the country
• Child welfare: Adoption of 104 orphanages
country.
across the country
• Women empowerment: Distribution of 5,200
care by donating required medical equipments at
sewing machines and adoption of 520 Anganwadis
208 Primary Health Centres across the country.
• Rural health-care: Improvement of rural health
across the country
for
SBI has earmarked a budget of ₹ 502.32 the FY Crore towards 2023-24, undertaking various CSR activities across the Bank.
Q1FY24 Analyst Presentation
49
Macro Economic Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators Indicators
Overview Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Contributing to Society (2/2) SBI Foundation long-term projects underway
A flagship program for development of villages.
the holistic
Adopted 150 villages across 25 States.
• Celebrated World Environment Day by planting saplings & International Yoga Day across India during the quarter
Strives to develop, foster, and sustain robust and inclusive livelihood models, entrepreneurial ecosystems, and strategic collaborations.
ILM
LEAP
• Organised
a District
Entrepreneurship Coalition in Mirzapur with participation of key stakeholders
Healthcare vertical set up to make healthcare accessible and affordable for the most vulnerable sections of society.
• Presently 43 projects underway across 23 states & UTs covering Health and Women empowerment.
ACE
Quality education accessible for all children encapsulating efforts towards ensuring inclusive education.
quality
and
• Engaged with Govt. of Meghalaya early improvement
of
towards childhood education
development which
fellowship Rural programme a framework for bright young minds from Urban Areas to join hands with rural communities in their struggles and aspirations.
provides
• 17 Alumni ventures given funding support of ₹ 57 Lakh under SBI YFI Sahyog since its inception.
CONSERW
Flagship program in the domain of sports. It comprises key interventions in building sports state-of-the-art infrastructure, creating and nurturing strategic partnerships
• The
athletes
supported
have participated in 76 tournaments since January 2023 who have won 86 medals - 50 Gold, 22 Silver and 14 Bronze.
Centralised support centre for Persons with Disabilities and working towards a more inclusive India.
• Training organized during the quarter for RBI officials with Visual Impairment.
• MOU signed with another PSB to provide training to 900+ Employees and with Visual Speech and Hearing Impaired (SHI).
Impairment
(VI)
to
program
consumption,
ensure Flagship environmentally conscious production and energy restoration of ecosystems adoption, and resources natural and conservation of wildlife.
clean
• Launched
a
Satellite Mangrove nursery with a capacity of 60,000 saplings. The project will restore 30 acres of degraded land by planting 2 lakh saplings.
Q1FY24 Analyst Presentation
50
Macro Economic Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators Indicators
Overview Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
SBI’s Policy Framework Governance Board level committees & Policies for better control and governance
Executive Committee of the Central Board
Risk Management Committee of the Board
Audit Committee of the Board
Corporate Social Responsibility Committee
Business Continuity and Operational resilience Policy
Sustainability and Business Responsibility Policy
Climate Change Risk Management Policy
Code of Ethics
Renewable Energy Policy
Anti Bribery and Anti-Corruption Policy
Fair Lending Practices Code
Corporate Social Responsibility Policy
Cyber Security Policy and Standards
Policy on KYC Standards, AML and CFT Measures
Commitment to Customers ( BCSBI Code)
Whistle-blower Policy
Q1FY24 Analyst Presentation
51
Subsidiaries, Group Financials & Balance Sheet
Macro Economic Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators Indicators
Overview Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
SBI and its subsidiaries - leveraging synergies (1/2)
As on Jun 2023 ₹ in Crores
PAT (₹ in cr)
ROE (in %)
Total New Business Premium
6,207
5,591
6,700
6,200
5,700
5,200
4,700
4,200
3,700
3,200
2,700
2,200
Q1FY23
263
9.0
Q1FY24
381
11.5
PAT (₹ in cr)
ROE (in %)
#As per Ind AS
Q1FY23# 627
30.8
Q1FY24# 593
23.3
Gross Written Premium
Value of New Business
CIF (In Lakh)
Spends
Receivables
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
% 1 1
13,555
11,349
1,000
900
800
700
600
500
400
300
200
100
0
% 9 1
882
873
200
180
160
140
120
100
80
60
40
20
0
% 1 -
173
143
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
% 1 2
73,913
59,671
43,271
33,215
% 0 3
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
% 4 2
Q1FY23
Q1FY24
Q1FY23
Q1FY24
Q1FY23
Q1FY24
Q1FY23
Q1FY24
Q1FY23
Q1FY24
Q1FY23
Q1FY24
Market Share
Business Performance
Market Share
Portfolio
Profitability
• Private market leadership in Individual New
•
Individual New Business Premium grew by 18%
•
#2 player both in Cards and
• ▲ 21% YoY in cards,
• Revenue from Operations
Business Premium, Individual Rated Premium
and Individual Rated Premium grew by 3%.
Spends
• ▲ 24% YoY in spends
growth 26%, PAT at ₹ 593 Cr
and Total New Business Premium with market
• Operating Expense ratio is at 6.8%, lowest in the
• Cards in force Q1 FY24
• ▲ 30% YoY in receivables
• ROA 5.1%, ROE 23.3%
share of 27%, 23% and 22% respectively.
industry.
19.6% (Q1 FY23 18.2%),
• Robust solvency ratio of 2.15
• Spends Q1 FY24 17.8%
• VONB decreased by 1% and VONB margin
(Q1 FY23 18.2%)
by -157 bps.
• Healthy Capital Adequacy
Ratio (CAR) at 22.9%, Tier 1
at 20.3%
Q1FY24 Analyst Presentation
53
Macro Economic Macro Economic Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators Indicators Indicators
Overview Overview Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
SBI and its subsidiaries - leveraging synergies (2/2)
As on Jun 2023 ₹ in Crores
PAT (₹ in cr)
ROE (in %)
# Standalone Financials; without OCI
Performance Highlights
Q1FY23#
Q1FY24#
248
25.9
467
36
PAT (₹ in cr)
ROE (in %)
Q1FY23
139
20.3
Q1FY24
71
8.8
Gross Written Premium
AUM
13,562
11,253
• SBIFML is leading the mutual fund industry with a huge lead compared to the other leading
1,975
players.
• The mutual business also continues to hold the pole position. SBIMF Quarterly average Mutual
Fund AUM market share was up by 54 bps from 17.15% in Q1FY23 to 17.69% in Q1FY24.
1,771
% 2 1
% 1 2
Q1FY23
Q1FY24
Q1FY23
Q1FY24
Q1FY23*
Q1FY24*
Performance Highlights
99
6.6
105
5.2
• Gross Written Premium (GWP) grew by 12% and AUM grew by 21% YoY in Q1FY24.
• SBIG Market share amongst the private sector GI players (including SAHI) is at 4.82% in YTD
Group PAT (₹ in cr)
ROE (in %)
Performance Highlights
• Ranked No.1 along with SBI with Market share of 49.9% (H1 CY23) India Borrower Loans in
Local currency- Mandated Lead Arranger as per Bloomberg. (Market share of 76.2% CY22).
Jun’23.
•
Loss Ratio of the Company at 90% in CY.
• Combined Ratio of the Company at 112% in YTD Jun’23.
*As per Ind AS
Q1FY24 Analyst Presentation 54
Macro Economic Macro Economic Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators Indicators Indicators
Overview Overview Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
Regional Rural Banks Sponsored by SBI
Performance Highlights for Q1FY24
14 RRBs operating in 13 States & 1 UT
Network of 4,753 branches in 230 districts
• Deposits at ₹1,26,469 crores ▲13.10% YoY
• Gross NPA ▼70 bps YoY at 4.69%
• CASA ▼163 bps YoY at 53.51%
• Net Profit of ₹694 crores ▲93% YoY
• Advances at ₹86,512 crores ▲15.76% YoY
• ROA ▲69 bps YoY at 1.68%
• CD Ratio ▲158 bps YoY at 68.41%
• PCR ▲887 bps YoY at 85.72%
• NIM ▲11 bps YoY at 4.24%
• ROE ▲726 bps YoY at 20.74%
Q1FY24 Analyst Presentation 55
Macro Economic Macro Economic Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators Indicators Indicators
Overview Overview Overview Overview
Performance Highlights
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
SBI group financials – Q1FY24
Quarter Ended
Growth (%)
Q1FY23
Q1FY24
Interest Earned
76,781
1,01,460
Non-Interest Income
17,743
30,873
Total Income
94,524
1,32,333
Interest Expended
Operating Expenses (i+ii)
(i) Employee Cost
(ii) Other Operating Expenses
41,931
37,566
13,137
24,428
58,045
45,980
17,809
28,170
Total Expenditure
79,497
1,04,025
Operating Profit
15,028
28,308
YoY
32.14
74.00
40.00
38.43
22.40
35.56
15.32
30.85
88.37
Provisions (other than Tax)
4,762
3,101
-34.90
Add: Share in profit of associates
Less: Minority Interest
Tax Expenses
Net Profit
268
471
2,737
7,325
358
558
33.74
18.34
6,472
136.46
18,537
153.06
₹ in Crores
Quarter Ended
Q1FY23
Q1FY24
0.54
11.16
32.92
61.74
3.07
3.85
0.99
1.24
24.38
83.54
50.22
3.37
2.74
0.70
ROA (%)
ROE (%)
Earning Per Share (₹)
Expenses Ratio (%)
NIM (%)
Gross NPA Ratio (%)
Net NPA Ratio (%)
Q1FY24 Analyst Presentation 56
Macro Economic Macro Economic Macro Economic Macro Economic Macro Economic Indicators Indicators Indicators Indicators Indicators
Overview Overview Overview Overview
Performance Highlights
Balance sheet Liabilities
Capital
Reserves and Surplus
Minority Interest
Deposits
Borrowings
Other Liabilities & Provisions
Total Liabilities
Assets
Cash & balances with RBI
Bal with Banks & Money at Call and Short Notice
Investments
Net Advances
Fixed Assets
Other Assets
Total Assets
Performance Highlights
Financial Performance
Financial Performance
Capital Adequacy Capital Adequacy & & Asset Quality Asset Quality
Digital Digital Journey Journey
Banking with a Banking with a Purpose Purpose
Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet
SBI SOLO
SBI GROUP
Jun 23
YOY Growth (%)
Jun 22
Jun 23 YOY Growth (%)
₹ in Crores
0.00
18.27
12.00
-14.21
22.55
10.29
892
3,17,106
11,621
892
3,76,694
13,692
40,81,310
45,78,362
5,04,594
4,82,128
4,44,041
5,93,610
53,97,650
60,07,292
0.00
18.79
17.83
12.18
-12.00
23.12
11.29
SBI SOLO
SBI GROUP
Jun 23
YOY Growth (%)
Jun 23 YOY Growth (%)
Jun 22
2,32,803
55,189
18,21,329
28,76,456
43,801
3,68,073
2,16,291
79,979
19,38,614
33,05,843
44,356
4,22,208
-7.08
36.79
2.84
14.91
0.89
14.48
10.29
-7.09
44.92
6.44
14.93
1.27
14.71
11.29
Q1FY24 Analyst Presentation 57
50,25,820
55,43,076
53,97,650
60,07,292
Jun 22
892
2,90,471
892
3,43,549
40,45,696
45,31,237
4,80,653
2,08,108
4,12,352
2,55,046
50,25,820
55,43,076
Jun 22
2,32,567
50,317
15,29,204
28,15,249
41,960
3,56,523
2,16,108
68,829
15,72,630
32,35,023
42,334
4,08,152
Thank You