SBINNSE6 February 2025

State Bank Of India has informed the Exchange about Investor Presentation

State Bank of India

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/SD/2024-25/849

06.02.2025

Madam / Sir,

Presentation for Analysts / Investors meet on the Financial Results for the quarter and nine months ended 31.12.2024

ln compliance with the provisions of Regulation 30 read with Part A of Schedule III and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit the presentation for Analysts / Investors on financial results of the Bank for the quarter and nine months ended 31.12.2024.

The analyst presentation is available on the website of the Bank under the link:

https://sbi.co.in/web/investor-relations/analyst-presentation

You are requested to take the above on record.

Yours faithfully,

Shima Devi AGM (Company Secretary)

Quarterly

Q3FY25

A N A L Y S T P R E S E N T A T I O N | 0 6 . 0 2 . 2 0 2 5

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

Executive Summary

Capital Adequacy

04-05

Performance Highlights

06-22

Financial Performance

30-31

Asset Quality

Digital Journey

32-36

23-29

37-44

Banking with a Purpose

45-51

Subsidiaries, Group Financials & Balance Sheet

52-57

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Key trends in Q3FY25

Liability franchise – sustained domestic market share of over 22%, driven by reach, trust and adding value to customers

Current account balances up 14.22% YoY, Deposits cross ₹ 52 lakh crore

Domestic Credit growth – up 14.06% YoY; significant scale across business lines

Whole Bank Advances cross ₹ 40 lakh crore, broad based credit growth, higher than market; domestic credit to deposit ratio at 68.94%

Industry leading asset quality outcomes – credit cost at 0.24% for the quarter

Slippage ratio at 0.39%; retail personal slippage ratio at 0.32%

Well provided for Stressed Book, PCR at 74.66%

Net NPA at ₹ 21,378 crores; additional provisions of ₹ 29,757 crores not included in PCR

Digital Banking – >98% transactions through alternate channels

64% of savings account opened through YONO in Q3FY25, 8.45 crore registered customers

Q3FY25 Analyst Presentation

Performance Highlights

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Key performance indicators

Profitability

Net Profit

Whole Bank advances cross

In Q3FY25 at ₹16,891 crores

₹40 trillion

ROA at 1.09% for 9MFY25

ROE at 21.46% for 9MFY25

14.06% YoY

Growth

Domestic Credit

Whole Bank NIM at 3.12% for 9MFY25

Robust growth across all segments

Domestic NIM at 3.25% for 9MFY25

Whole Bank deposits cross ₹52 trillion

9.81% YoY Growth in Deposits

Business growth continues

Asset quality

Well provided Stressed Book

Digital Leadership

improving

outcomes

Gross NPA at 2.07%

Net NPA at 0.53%

Credit Cost for 9MFY25 at 0.37%

PCR at 74.66%; PCR (incl. AUCA) at 91.74%

>98% transactions through alternate channels

Total non-NPA provisions (not included in PCR) at ₹29,757 crores which are ~139% of Net NPAs at the end of Q3FY25

Digital leadership in Debit card spends, ATMs, value & no. of Mobile Banking transactions

YONO driving digital agenda of the Bank with 8.45 crore registered customers

Q3FY25 Analyst Presentation

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Key indicators

Quarter Ended

Q3FY24

Q3FY25

YoY Growth

Net Interest Income

39,816

41,446

4.09%

Net Interest Margin – Whole Bank (%)

Net Interest Margin – Domestic (%)

3.22

3.34

3.01

3.15

-21 bps

-19 bps

Operating Profit

20,336

23,551

15.81%

Net Profit

Credit Cost

Net NPA

PCR (Incl. AUCA)

PCR

Capital Adequacy

9,164

16,891

84.32%

0.21

0.64

91.49

74.17

13.05

0.24

0.53

3 bps

-11 bps

91.74

25 bps

74.66

49 bps

13.03

-2 bps

Gross Advances

35,84,252

40,67,752

13.49%

CASA

RAM Advances

18,81,297

19,65,237

20,06,179

22,80,114

₹ in Crores

Return on Assets (%)

1.09

0.94

% 6 4 . 4

% 5 6 . 3 1

s p b 5 1

Dec 23

Dec 24

Dec 23

Dec 24

9MFY24

9MFY25

Term Deposits

Corporate Advances

Return on Equity (%)

30,48,623

26,86,630

11,76,303

10,24,094

19.47

21.46

% 7 4 . 3 1

% 6 8 . 4 1

s p b 9 9 1

Total Deposits

47,62,221

52,29,384

9.81%

Dec 23

Dec 24

Dec 23 Dec 24

9MFY24 9MFY25

Q3FY25 Analyst Presentation

s s o L &

t i f o r P

) s e r o r C n

₹ (

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

₹ (

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital 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

Dec 23 (%)

Dec 24 (%)

42.78

Retail Per

41.88

42.50

Retail Per

9.63

Agri

13.80 SME

9.73

9.30 AGRI

Agri

33.79 Corporate

14.36

13.20 SME SME

Segment

Dec 2023

Dec 2024

₹ in Crores

YoY Growth (%)

Retail Personal

12,96,310

14,47,337

11.65

Agri

SME

2,91,748

3,36,418

15.31

4,18,121

4,96,359

18.71

Corporate

10,24,094

11,76,303

14.86

Domestic Advances

30,30,273

34,56,418

14.06

35.00 Corporate

34.03 Corporate

Foreign Offices Advances

5,53,980

6,11,334

10.35

Total Whole Bank Advances

35,84,252

40,67,752

13.49

Q3FY25 Analyst Presentation

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Credit growth Retail Personal Banking Leadership across all segments

As on Dec 2024

Retail Personal Portfolio of

O/S, ₹ in crores

YoY Growth, %

GNPA, %

lakh crores

Home Loans

3 - year CAGR at

Dec 24:

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 26.9% & in Auto loans is 20.1%

Q3FY25 Analyst Presentation

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Credit growth Diversified Loan Portfolio High quality asset book

Corporate Rating mix (%)

Dec 24

Dec 23

~40% share to PSUs / Govt. Depts. as on Dec 24

AAA

BBB

BB & below

AAA

BBB

BB & below

Industry mix

(₹ in Crores)

Outstanding as on 31st Dec 24

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

% Share

YOY Gr %

3,89,630 2,03,756 27,868 1,08,787 49,219 4,82,915 68,845 24,023 10,209 38,914 53,309 34,456 64,082 5,06,280 7,92,827 1,24,462 5,30,048 3,36,418 34,56,418

11.27 5.89 0.81 3.15 1.42 13.97 1.99 0.70 0.30 1.13 1.54 1.00 1.85 14.65 22.94 3.60 15.33 9.73 100.00

4.76 8.39 -19.00 0.22 20.09 20.31 12.34 35.21 -22.76 4.24 6.38 34.46 34.22 21.76 14.26 10.03 8.33 15.31 14.06

Q3FY25 Analyst Presentation

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital 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: 10.35% YoY growth ₹ in Crores

Break up of Loan Portfolio (%)

Loan Portfolio across Geographies (%)

5,53,980 5,39,086 5,52,957

5,88,185

6,11,334

32.1

32.4

35.5

Dec 23 Mar 24

Jun 24

Sep 24 Dec 24

Asset Quality: NPAs Contained GNPA (%)

Highlights:

Local Lending

India Linked

Loans

Trade Finance

USA

HongKong

GIFT City (India)

Bahrain

UAE

Singapore

Japan

Germany

Antwerp

Others

0.32

0.28

0.25

0.24

0.23

Dec 23 Mar 24

Jun 24

Sep 24 Dec 24

• Customer Credit crossed ₹ 6 Trillion milestone for the first time.

• Gross advances have grown by 10.35% YoY. External Commercial Borrowings, Local

Credit and Trade Finance business are major drivers of customer credit.

• Growth in customer credit is majorly contributed by New York, GIFT City, Singapore,

DIFC Dubai and Hong Kong branches.

• Gross NPA ratio is down by 9 bps YoY and showing declining trend quarter over quarter,

underlining high quality of assets booked.

Q3FY25 Analyst Presentation 12

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital 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

Dec 2023

Dec 2024

₹ in Crores

YoY Growth (%)

Dec 23 (%)

Dec 24 (%)

CA, 5.46

CA, 5.69

SA, 35.72

SA, 33.51

TD, 58.82

Current Account Deposits (CA)

2,49,538

2,85,013

14.22

Saving Bank Deposits (SA)

16,31,759

16,80,224

CASA Deposits

18,81,297

19,65,237

2.97

4.46

Term Deposits (TD)

26,86,630

30,48,623

13.47

Domestic Deposits

45,67,927

50,13,860

9.76

TD, 60.80

Foreign Offices Deposits

1,94,294

2,15,524

10.93

Total Deposits

47,62,221

52,29,384

9.81

CASA:

Q3FY25 Analyst Presentation 13

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Unmatched Liability Franchise – Key value driver of the Bank

Savings Account Balance (₹ Trillion)

Number of Branches ('000)

7 8 . 5 1

3 3 . 6 1

8 7 . 6 1

7 1 . 7 1

7 . 4

1 . 5

8 . 5

4 . 7

25.00

20.00

15.00

10.00

5.00

0.00

1 4 . 2 2

1 0 . 2 2

4 1 . 2 2

2 2 . 2 2

7 2 . 2 2

0 . 0 1

9 . 0 1

9 . 1 1

7 . 3 1

1 . 5 1

1 4 . 2 2

8 . 5 1

4 5 . 2 2

4 7 . 2 2

5 . 6 1

8 . 6 1

Mar 14

Mar 15

Mar 16

Mar 17

Mar 18

Mar 19

Mar 20

Mar 21

Mar 22

Mar 23

Mar 24

Dec 24

• Short term cyclical factors notwithstanding, SA remains strong for the Bank; 5 year CAGR: 7.8%, 10 year CAGR: 12.7%

• Outstanding balance in Saving Accounts is almost three times of the next largest Bank

• Number of SA accounts opened daily: ~65,000

• Strengthening liability franchise and CASA mobilisation remains the strategic focus of the Bank

Q3FY25 Analyst Presentation

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Asset quality

Restructuring

Restructuring 1.0

Retail Personal

Corporate

SME

Total O/S

Restructuring 2.0

Retail Personal

Corporate

SME

Total O/S

Total Restructuring

₹ in Crores

As on Mar 24

As on Dec 24

2,001

816

2,075

4,892

1,718

606

1,480

3,804

As on Mar 24

As on Dec 24

9,048

3,339

12,387

17,279

7,667

2,236

9,903

13,707

Q3FY25 Analyst Presentation 15

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Net interest income

(Cumulative)

Net Interest Margins (%)

Yield on Investments (%)

3.41

3.28

2.21

3.43

3.28

2.16

3.35

3.22

2.22

3.31

3.18

2.14

3.25

3.12

2.06

6.95

7.00

7.20

7.21

Dec 23

Mar 24

Jun 24

Sep 24

Dec 24

Dec 23

Mar 24

Jun 24

Sep 24

Dec 24

Domestic Ops

Foreign Offices

Whole Bank

Domestic

Yield on Advances (%)

Cost of Deposits (%)

8.88

8.91

8.83

8.87

8.89

4.75

4.81

5.00

5.03

5.07

6.13

6.14

6.21

6.24

5.92

3.95

4.03

4.30

4.32

4.23

Dec 23

Mar 24

Jun 24

Sep 24

Dec 24

Dec 23

Mar 24

Jun 24

Sep 24

Dec 24

Domestic

Foreign Offices

Domestic

Foreign Offices

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Non-interest income

Fee Income

Loan Processing Charges

Commission on Government Business

Commission on LC / BG

Cross Selling

₹ in Crores

7,267

1,542

1,292

899

925

6,241

% 5 4 . 6 1

965

1,288

1,108

792

% 6 3 . 9 1

% 3 9 . 2

% 9 7 . 1 2

% 9 1 . 6 1

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Fee Income grew by

Recovery from AUCA accounts at

YoY in Q3FY25

crores in Q3FY25

Q3FY25 Analyst Presentation 17

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Treasury Operations

Break up of Domestic Investments (%)

0.16

0.95

34.21

14.64

0.93 9.41

65.63

74.07

Dec 23

Dec 24

Dec 2023

A&S

FVTPL-NHFT

FVTPL-HFT

HFT

AFS

HTM

Yield on Investments (%)

6.95

7.21

₹ in Crores

Total Investments Book

Dec 23

Dec 24

Domestic Investments

16,34,271

17,37,859

- of which SLR

13,50,837

14,38,050

s p b 6 2

Foreign Offices Investments

67,637

75,187

Total Investments Book

17,01,908

18,13,046

Modified Duration 1.92

9MFY24

9MFY25

AFS Book (%)

Dec 2024

Modified Duration 2.34

Q3FY25 Analyst Presentation

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital 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

9MFY25

12.3

43.7

44.0

Salary

Retiral benefits & other provisions

Overheads

Staff Expenses to Operating Income (%)

Overheads to Operating Income (%)

53.87

22.29

31.57

FY23

55.66

21.99

33.67

FY24

50.95

22.28

28.67

9MFY25

Cost to Income Ratio (%)

53.87

55.66

50.95

FY23

FY24

9MFY25

Cost to Average Assets (%)

2.01

1.86

1.72

58.00

56.00

54.00

52.00

50.00

48.00

46.00

44.00

42.00

40.00

2.10

2.00

1.90

1.80

1.70

1.60

1.50

FY23

FY24

9MFY25

Q3FY25 Analyst Presentation

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Capital – assessment based on credit growth and RoE trends

RWA density (%)

Credit Growth & RoE (%)

62.9

59.6

56.9

57.7

54.7

52.4

53.1

49.6

49.7

50.4

52.1

53.9

CET 1 Ratio (%)

9.59

9.31

9.81

9.82

9.68

9.62

9.77

10.02

9.94

10.27

10.36

9.52

15.4

10.5

11.2

7.3

13.0

7.7

7.8

7.3

20.3

15.2

21.5

13.5

19.4

16.0

RoE

Credit growth

13.9

11.0

7.7

5.6

9.9

4.8

12.0

4.9

0.5

-3.8

25.0

20.0

15.0

10.0

5.0

0.0

-5.0

-10.0

FY14

FY15

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY24

9MFY25

FY14

FY15

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY24

9MFY25

• Over the medium term we expect RoE to be greater than credit growth

• Open to raising growth capital, if required

Q3FY25 Analyst Presentation

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Provisions

Credit cost at

PCR at

Non NPA provisions at

for Q3FY25

legacy book well provided

of Net NPA at end of Q3FY25

Available Buffer ₹ in Crores

Provisions on standard assets at end of Q3FY25

24,026

Additional Provision for Restructured Standard Accounts

Other Loan Related Provisions

Total provisions not included in PCR at end of Q3FY25

4,172

1,559

29,757

Q3FY25 Analyst Presentation

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Sustainable RoE / RoA – a perspective

25.00

20.00

15.00

10.00

5.00

0.00

-5.00

-10.00

ROE (in %)

0.48

-3.78

7.74

9.94

13.92

19.43

20.32

21.46

FY18

FY19

FY20

FY21

FY22

FY23

FY24

9MFY25

ROA (in %)

-0.19

FY18

0.96

1.04

1.09

0.38

0.48

0.67

0.02

FY19

FY20

FY21

FY22

FY23

FY24

9MFY25

Upward trend in ROE

Continuous improvement in ROE from FY19 onwards

Upward trend in ROA

Continuous improvement in ROA from FY19 onwards

Q3FY25 Analyst Presentation

Financial Performance

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital 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

Nine Month Ended

Growth (%)

Interest Income

Interest Expenses

Net Interest Income

Non Interest Income

Operating Income

Operating Expenses

Operating Profit

Total Provisions

Exceptional items*

Net Profit

NIM (Whole Bank) (%)

NIM (Domestic) (%)

Cost to Income Ratio (%)

Cost to Assets (%)

Q3FY24

Q2FY25

Q3FY25

9MFY24

9MFY25

1,06,734

1,13,871

1,17,427

3,04,088

3,42,823

66,918

39,816

11,459

51,275

30,939

20,336

4,072

7,100

9,164

3.22

3.34

60.34

2.10

72,251

41,620

15,271

56,890

27,596

29,294

10,962

75,981

41,446

11,041

52,486

28,935

23,551

6,659

18,331

16,891

3.14

3.27

48.51

1.76

3.01

3.15

55.13

1.79

87,484

65,050

17,571

7,100

40,378

3.28

3.41

57.35

2.03

Q3FY25 over Q2FY25

Q3FY25 over Q3FY24

9MFY25 over 9MFY24

3.12

5.16

-0.42

-7.74

4.85

-19.60

-39.25

10.02

13.54

4.09

-3.65

2.36

-6.47

15.81

63.54

12.74

17.63

5.05

9.21

5.99

-5.84

21.90

53.86

1,85,867

2,18,633

1,18,221

1,24,191

34,313

37,473

-27.70

1,52,534

1,61,664

82,371

79,293

27,035

52,258

-7.86

84.32

29.42

3.12

3.25

50.95

1.72

-13 bps

-21 bps

-16 bps

-12 bps

-19 bps

-16 bps

662 bps

-521 bps

-640 bps

3 bps

-31 bps

* Provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization

Q3FY25 Analyst Presentation 24

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Total income

Particulars (₹ in Crores)

Quarter Ended

Nine Month 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

Q3FY24

Q2FY25

Q3FY25

9MFY24

9MFY25

73,517

29,705

3,512

81,529

83,399

2,10,904

2,43,621

29,005

30,530

84,364

88,862

3,337

3,497

8,819

10,340

1,06,734

1,13,871

1,17,427

3,04,088

3,42,823

6,241

2,505

907

1,807

6,834

4,641

1,111

2,685

7,267

1,194

2,532

19,402

21,023

8,373

1,490

5,048

8,424

1,520

6,507

Q3FY25 over Q2FY25

Q3FY25 over Q3FY24

9MFY25 over 9MFY24

13.44

15.51

2.29

5.26

4.78

3.12

6.34

2.78

-0.42

10.02

16.45

-74.28

-52.34

-95.69

-94.72

-5.68

40.13

28.90

5.33

17.25

12.74

8.35

0.61

1.98

Total Non Interest Income

11,459

15,271

11,041

34,313

37,473

-27.70

Total Income

1,18,193

1,29,141

1,28,467

3,38,401

3,80,296

-0.52

-3.65

8.69

9.21

12.38

Q3FY25 Analyst Presentation 25

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital 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

Nine Month Ended

Growth (%)

Q3FY24

Q2FY25

Q3FY25

9MFY24

9MFY25

Loan Processing Charges

1,292

1,267

1,542

Commission on Govt. Business

Commission on LC/BG

Cross Selling

Remittance, Collection, etc.

Misc. Fee Income

Fee Income

899

792

1,108

1,532

617

6,241

938

749

1,109

1,555

1,216

6,834

925

965

1,288

1,619

928

3,842

2,924

2,369

2,770

4,440

3,057

Q3FY25 over Q2FY25

Q3FY25 over Q3FY24

9MFY25 over 9MFY24

21.68

19.36

5.69

-1.38

2.93

-1.63

28.87

21.79

5.64

16.15

16.19

17.74

4.10

5.67

5.08

4,061

2,877

2,502

3,261

4,666

3,656

-23.65

50.39

19.60

7,267

19,402

21,023

6.34

16.45

8.35

Q3FY25 Analyst Presentation 26

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Total expenses

Particulars (₹ in Crores)

Quarter Ended

Nine Month Ended

Growth (%)

Interest on Deposits

Interest on Borrowings

Other Interest Paid

Q3FY24

Q2FY25

Q3FY25

9MFY24

9MFY25

58,080

63,201

66,241

1,62,484

1,89,782

5,794

3,044

5,829

3,221

6,358

3,382

15,122

19,398

8,261

9,453

Total Interest Expenses

66,918

72,251

75,981

1,85,867

2,18,633

Q3FY25 over Q2FY25

Q3FY25 over Q3FY24

9MFY25 over 9MFY24

4.81

9.08

4.99

5.16

4.21

14.05

9.74

11.09

13.54

26.44

16.80

28.27

14.42

17.63

20.28

Salary

Provisions for Employees

Staff Expenses

Overheads

of which: Business Acquisition & Development Expenses

Operating Expenses

Total Expenses

9,808

9,554

19,362

11,577

1,703

30,939

97,857

11,901

12,402

30,154

36,270

2,906

3,672

24,735

10,077

26.34

-61.57

-59.26

14,807

16,074

54,889

46,347

12,789

12,862

32,595

36,024

8.55

0.57

-16.98

-15.56

11.10

10.52

1,491

1,715

4,106

4,267

14.99

27,596

28,935

87,484

82,371

99,847

1,04,917

2,73,351

3,01,003

4.85

5.08

0.68

-6.47

7.21

3.92

-5.84

10.12

Q3FY25 Analyst Presentation 27

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Banking with a Purpose Purpose

Subsidiaries, Group Subsidiaries, Group Financials & Balance Sheet Financials & Balance Sheet

Overheads

Particulars (₹ in Crores)

Quarter Ended

Nine Month Ended

Growth (%)

Q3FY24

Q2FY25

Q3FY25

9MFY24

9MFY25

Q3FY25 over Q2FY25

Q3FY25 over Q3FY24

9MFY25 over 9MFY24

Rent, Taxes & Lighting

Depreciation

Printing & Stationery

Postage & Telecommunications

Repairs & Maintenance to Bank's Property

Travelling & Halting

Deposit & General Insurance

Business Acquisition & Development Expenses

ATM / CDM / Debit Card / Other Tech Expenses

Misc. Expenses

Overheads

1,500

1,549

1,584

845

197

205

294

390

1,756

1,703

2,676

2,010

877

210

220

311

458

2,595

1,491

2,540

2,538

893

226

178

336

477

2,076

1,715

2,757

2,619

4,344

2,497

579

461

823

1,106

4,802

4,106

7,139

6,738

4,478

2,600

607

540

896

1,234

6,211

4,267

7,500

7,690

11,577

12,789

12,862

32,595

36,024

2.24

1.86

7.80

5.58

5.65

15.03

-19.03

-12.92

8.11

4.31

-19.99

14.99

8.55

3.17

0.57

14.26

22.25

18.23

0.68

3.06

30.25

11.10

3.10

4.12

4.75

17.16

8.89

11.52

29.32

3.92

5.07

14.14

10.52

Q3FY25 Analyst Presentation 28

Executive Summary

Overview

Performance Highlights

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital 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

Nine Month Ended

Growth (%)

Q3FY24

Q2FY25

Q3FY25

9MFY24

9MFY25

Operating Profit

Loan Loss

Standard Assets

Investment Depreciation

Other Provisions

Income Tax

Total Provisions

Exceptional items*

Net Profit

20,336

1,757

181

-599

-652

3,384

4,072

7,100

9,164

29,294

3,631

274

-2

603

6,457

10,962

23,551

2,305

-499

-896

5,748

6,659

18,331

16,891

65,050

6,224

-971

-586

-1,363

14,267

17,571

7,100

40,378

Q3FY25 over Q2FY25

-19.60

-36.52

Q3FY25 over Q3FY24

15.81

31.19

9MFY25 over 9MFY24

21.90

67.97

-10.97

-39.25

69.85

63.54

27.35

53.86

79,293

10,454

-97

-1,564

18,169

27,035

52,258

-7.86

84.32

29.42

Ratios (Annualized)

Q3FY24

Q2FY25

Q3FY25

9MFY24

9MFY25

ROA (%)

ROE (%)

0.62

1.17

1.04

Earning Per Share (₹)

40.85

81.49

75.09

0.94

19.47

60.22

1.09

21.46

77.72

* Provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization

Q3FY25 Analyst Presentation 29

Capital Adequacy

Executive Summary

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 (%)

13.05

2.47

1.49

9.09

13.76

2.44

1.37

13.03

2.18

1.33

12.1

8.6

9.95

9.52

54.00

53.86

52.56

Dec 23

Sep 24

Dec 24

Dec 23

Sep 24

Dec 24

CET-1

AT-1

Tier-2

Min regulatory CET-1 ratio

Min regulatory Total Capital ratio

Including Profits of 9MFY25, total CAR stands at 14.50% and CET-1 at 10.99%

Dec 23

Sep 24

Dec 24

Credit Risk Weighted Assets on Advances to Gross Advances (%)

59.41

58.32

58.20

Q3FY25 Analyst Presentation

Asset Quality

Executive Summary

Performance Highlights

Overview

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital 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)

86,749

84,276

84,226

84,360

83,369

Cumulative for the Period (%)

Dec 23

Mar 24

Jun 24

Sep 24

Dec 24

Gross NPA Ratio

Net NPA Ratio

Dec 23

Mar 24

Jun 24

Sep 24

Dec 24

PCR (Incl. AUCA)

Net NPA (₹ in Crores)

22,408

21,051

21,555

20,294

21,378

PCR

Corporate PCR (Excl. AUCA)

Slippage Ratio

Credit cost

2.42

0.64

91.49

74.17

91.97

0.67

0.25

2.24

0.57

91.89

75.02

90.23

0.62

0.29

2.21

0.57

91.76

74.41

95.59

0.84

0.48

2.13

0.53

92.21

75.66

98.34

0.68

0.43

2.07

0.53

91.74

74.66

97.24

0.59

0.37

Dec 23

Mar 24

Jun 24

Sep 24

Dec 24

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Overview

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital 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

Closing Level of Gross NPAs

Segmental NPAs:

Retail:

Agri.

Per Segment

SME

Corporate

International

Total

Q3FY24

86,974

5,271

1,798

5,046

4,960

-225

86,749

Q4FY24

86,749

6,456

2,052

3,984

116

3,867

-2,472

84,276

FY24

90,928

27,633

11,472

20,982

665

20,317

-6,651

84,276

Q1FY25

84,276

Q2FY25

84,226

8,758

3,666

8,707

804

7,903

-50

5,808

2,600

4,951

4,871

-857

₹ in Crores

Q3FY25

83,369

3,155

1,206

4,146

324

3,823

991

84,226

83,369

84,360

Dec 23

Sep 24

Dec 24

NPA

Ratio %

55,598

29,446

9,162

16,989

29,362

1,789

86,749

2.77

10.09

0.71

4.06

2.87

0.32

2.42

NPA

57,853

30,409

10,860

16,584

24,106

1,410

83,369

Ratio %

2.66

9.44

0.78

3.63

2.08

0.24

2.13

NPA

59,069

30,488

11,376

17,205

23,869

1,422

84,360

Ratio %

2.59

9.06

0.79

3.47

2.03

0.23

2.07

Q3FY25 Analyst Presentation 34

Executive Summary

Performance Highlights

Overview

Financial Performance Performance Highlights

Capital Financial Adequacy Performance

Asset Capital Adequacy Quality & Asset Quality

Digital 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 22

Mar 23

Mar 24

Dec 24

₹ in Crores

Opening Level of GNPA + AUCA

3,00,496

2,85,358

2,65,497

2,59,478

Gross Addition (Increase in O/s + Slippages)

26,776

19,223

20,982

17,805

Total GNPA + AUCA + Additions

3,27,272

3,04,581

2,86,479

2,77,283

Less: Recovery / Upgradation

29,218

23,355

18,406

13,099

Less: Write-off (Removal from AUCA / Haircut)

12,696

15,729

8,595

5,369

Closing Level of Gross NPAs + AUCA

2,85,358

2,65,497

2,59,478

2,58,816

Q3FY25 Analyst Presentation 35

Executive Summary

Performance Highlights

Overview

Financial Performance

Capital Adequacy

Asset Capital Adequacy Quality & Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Asset quality (4/4)

Slippages

₹ in Crores

16,450

16,596

7,903

4,960

4,871

3,867

3,823

SMA 1 & SMA 2

₹ in Crores

Accounts with exposure above ₹ 5 crore: CRILC data

SMA1

SMA2

13,732

1,840

9,552

11,891

7,424

2,128

4,128

2,055

2,072

3,301

2,062

1,239

4,637

1,974

2,662

9MFY24 9MFY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

Dec 23

Mar 24

Jun 24

Sep 24

Dec 24

SMA2 as on Dec 24 includes long term government sector customer of the Bank, with fund based outstanding of ~₹ 5,800 Crores. The account has been pulled back subsequently.

Q3FY25 Analyst Presentation 36

Digital Journey

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Accelerating digital agenda (1/6)

Market share across channels

(as per latest available data)

With varied payment modes

Debit card spends

Mobile Banking

No. of Transactions

ATMs

Mobile Banking

Transaction value

Digital Leadership across channels

Increasing digital adoption(%)

1%2% 5%

Dec 23

Dec 24

88%

92%

Digital* ATM & CDM BC Channel Branch

Share of Alternate Channels

* Digital comprises of Internet, Mobile, UPI & YONO and Green Channel

UPI

Debit cards

ATM

Remit transactions (Numbers during Q3FY25)

Unique SBI UPI users based on account nos.

Market share in remittances

(Cumulative till Dec’24)

Debit Cards

(As on 31st Dec 24)

Debit Card spend transactions

(Numbers during Q3FY25)

Debit Card spend (Amount during Q3FY25)

ATM transactions per day

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Accelerating digital agenda (2/6) Digital Presence across channels

Customer touch points

Mobile banking (Retail)

INB Customer (Retail)

No. of BC Outlets

Number of ATMs

YONO (Registered Users)

YONO Lite (Registered Users)

Unique SBI UPI users

7.1 Cr

8.5 Cr

2.4 Cr

2.6 Cr

15.5 Cr

19.2 Cr

Dec 23

Dec 24

12.1 Cr

13.5 Cr

81.1 K

78.0 K

65 K

Dec 23

Dec 24

Dec 23

Dec 24

Dec 23

Dec 24

Payment acceptance touch points

BHIM SBI Pay QR Codes

SBI POS

BHIM-Aadhar-SBI

Bharat QR

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Overview

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Accelerating digital agenda (3/6)

YONO: Driving digital agenda of the Bank

YONO Registration

DIGITAL LOANS DISBURSED

Whatsapp Banking Registration*

(Q3FY25)

PPF ACCOUNTS OPENED

(Numbers)

(All Figures for Q3FY25)

Digital Banking Create seamless omni- channel customer experience

(Numbers)

Cross Selling Provide one-stop shop for all financial needs

(Numbers)

SB accounts opened

YONO Cash

YONO Quick Pay

OD against FD

Personal Accident Insurance

New Business LI policies sold

Approved Credit Cards

Mutual Funds Sales

e2e Digital Loans (Disbursement Amt.)

Quick Personal Loans on the go!

(Amount)

PAPL

Real Time Xpress Credit

Insta Home Top Up Loan

Loan against Mutual Funds

* Launched in July ‘22

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Accelerating digital agenda (4/6) YONO has shown growth across products and registrations

Approved Cards

Regular SB A/C opened

PL - RTXC Disbursed

NPS A/C Opened

Personal Accident Insurance

(# Lakhs)

(₹ Crores)

(# Actuals)

(# Lakhs)

3.37

22.2

5.8%

21.0

58.8%

2.12

1,912.5

17.65

28,395

13.8%

36.8%

24,932

12.90

390%

390.3

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Daily Average Approved Cards in Q3FY25

Daily Average SB A/C Opened in Q3FY25

Daily Average Number of RTXC Disbursed in Q3FY25

Daily Average NPS A/C Opened in Q3FY25

Daily Average Number of PAI Sold in Q3FY25

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Accelerating digital agenda (5/6)

Leadership across - UPI ecosystem

Domestic

(Q3FY25)

Remitter

Beneficiary

Market Share

Avg Txn / Day (Numbers)

Merchant Onboarding (Q3FY25 / Cumulative upto Dec’24)

(Numbers)

International

P2P Foreign Inward and Outward Transactions • Singapore • Nepal

P2M (Merchant) Foreign Outward Transactions • Total currencies enabled: 8 (EURO, NPR, SGD, AED, USD, LKR, MUR, GBP) • Total countries covered: 27

Remitter Bank

Beneficiary Bank

Registrations : 8.5 crore users

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Overview

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Accelerating digital agenda (6/6) YONO for Business: Growth metrics

Q3FY25

Current Account

New Digital CA

40,347

New to Digital Customers

Customers Onboarded

1,46,591

Digital 36% (Out of total CA opened)

Desktop Users : 31.62 lakhs # App Users: 15.28 lakhs #

# - Users registered on Desktop and App as on 31.12.2024

YONO Business Payments

No. of Txns

20.01 crores

Value of Txns (₹)

62.83 trillion

YB App Payments

No. of Txns

1.22 crores

Value of Txns (₹)

3.86 trillion

API Banking

No. of Txns

Pre-Approved Business Loans

Leads Converted

11,209

33,499

Value of Txns (₹)

835.49 crores

Sanctioned Amount (₹)

1,878 crores

All Customer Journeys on YB eTrade are Digital

(Digital % of Total LCs/BGs issued)

Import letter of credit (IMLC)

Inland letter of credit (INLC)

80%

93%

Inland Bank Guarantee (INBG)

Export Letter of Credit (EXLC)

70%

73%

Q3FY25 Analyst Presentation 43

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Analytics, AI & ML

Advances Through Analytical Leads (₹ in Crores)

Digital Loans conversion (₹ in Crores) ₹12,629*

CVE Commission (₹ in Crores) ₹212

1,04,139

1,37,357

65,912

84,846

FY22

FY23

FY24

9MFY25

PAPL 4,450

RTXC 2,310

PABL 5,234

SBI Card 103.52

Mutual Fund 88.97

Insta Home Top up 617

SBI Life 19.00

SBI Gen 0.77

Business Unit Wise Business

*Includes other products with total exposure of ₹18 crores

AI in SBI

Responsible AI & AI / ML Governance

Retail Loans ₹52,057 Cr

CVE Commission (fee) ₹212 Cr

SMEBU ₹17,917 Cr

REHBU ₹5,891 Cr

ABU ₹8,981 Cr

• Bank’s First Generative AI Chatbot launched on 01.01.2025 • Developed by in-house Data Scientists • Uses Open Source LLMs/Technologies and Hybrid Cloud • Assists staff in processing Deceased A/c Settlement • Aims to improve TAT in crucial customer support area • Demonstrates Capabilities for Generative AI, Hybrid Cloud • 7+ Proof of Concept Chatbots developed on-premises for

testing/ exploration

Besides this, significant value created through Risk Mitigation & Operational Efficiency

• Board Approved Responsible AI

and AI/ML Model

Governance Policy in Place

• Fairness, Ethics, Accountability and Transparency adopted as

principles

• Multiple levels of checks, including technical and business

validation, back testing in place to control risk

• All models must comply with Bank,

regulatory and legal

requirements and approved by Top Executives of the Bank

Q3FY25 Analyst Presentation

Note: All Figures are for FY25 – Apr to Dec

Banking with a Purpose

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Financial Inclusion

No. of BC outlets

Transactions in BC Channel

Deposits in FI Accounts

81,056

78,023

48.77

50.06

3,16,357

2,98,894

3,30,000

2,70,000

2,10,000

1,50,000

Transaction Amount (₹ in Cr)

No. of Transactions (in Cr)

10.00

1,00,000

90,000

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

3,973

71,272

3,582

62,467

4,200

3,700

3,200

2,700

2,200

1,700

1,200

Deposits (₹ in Cr)

Average Balance (₹)

Market Leader Social Security Schemes (PSBs) (Share in %) (As on 31.12.2024)

47.87

41.03

32.74

APY

PMSBY

PMJJBY

Dec 23

Dec 24

9MFY24

9MFY25

Dec 23

Dec 24

Way forward

❖ To leverage the channel for lead generation of

Cumulative no. in crores

Performance under Social Security Schemes

Asset Products

❖ To make BC/CSP Channel a robust delivery

platform

❖ Functionality of mobile hand-held device has been rolled with 10 services viz. Cash Deposit & Withdrawal, Fund transfer, Balance enquiry, Mini statement, PMJJBY, PMSBY, APY, Card based transactions. More services are under development.

APY

PMJJBY

PMSBY

Passbook Printers installed at CSPs

% Share of Passbooks printed at CSPs

Improvement in Ease of Banking

Dec 23

1.40

5.17

11.85

Dec 23

25,389

17.24

Dec 24

1.66

6.72

14.36

Dec 24

31,999

22.08

Q3FY25 Analyst Presentation 46

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Sustainability Highlights

Financial Capital

Natural Capital

Social Capital

Human Capital

₹ 16,891 crores Net Profit in Q3FY25

₹ 61,808 crores (Fund based) ₹ 3,101 crores (Non-Fund based) Renewable Energy (RE) financed portfolio

₹ 379 crores CSR Spend during 9MFY25

2,35,671 Total workforce*

₹ 40.68 lakh crores Advances

>35 GW Capacity of RE financed Portfolio

78,023 CSP outlets*

27.5% Women in workforce*

₹ 52.29 lakh crores Deposits

>45 MWp Captive RE Capacity*

40,174 Candidates trained through RSETIs during Q3FY25

5,790 Persons with Disabilities / Divyang*

98.1% Share of transactions through Alternate Channels

53 Green Building Certifications*

983 Government Primary Schools Infrastructure upgradation

100% Employees covered under medical benefits

* indicates values that are cumulative in nature i.e. up to 31.12.2024

Q3FY25 Analyst Presentation 47

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Environment

Formation of ESG & Climate Finance Unit

• To achieve Net Zero (Scope 1, 2 and 3)

₹ 75.44 crore raised under Green Rupee Term deposit scheme as on 31.12.2024.

Vision

Green Deposits

•

Consolidation of ESG and Climate finance functions under a dedicated unit headed by CGM to enable focused attention and tapping new business opportunities during the transition phase.

DMD, Chief Credit Officer the designated Chief Sustainability Officer of the Bank

by 2055

Green Building Certification by IGBC

Rainwater Harvesting

Mission

To achieve by 2030:

Net Zero in Scope 1 & 2 emissions

II. 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

53 of Bank’s official/ residential buildings certified as Green Building as on 31.12.2024.

542 Rainwater Harvesting systems have on 31.12.2024.

installed

been

SBI’s MSCI ESG rating

SBI’s DJSI ESG rating

BBB

FY23

FY24

FY23

FY24

Impetus for Renewable Energy (RE) : Supporting growth of Fund and Non-Fund based RE projects with an associated capacity of 35,651 MW

As of 31st December 2024

Limits sanctioned for renewable energy projects: Fund based - ₹ 61,808 crore Non-Fund based - ₹ 3,101 crore

Solar Power (Rooftop & ground mounted): Fund based - ₹ 32,710 crore Non-Fund based - ₹ 2,247 crore

Small hydro / Hydro: Fund based - ₹ 9,839 crore Non-Fund based - ₹ 500 crore

Wind Power, Biomass and others: Fund based - ₹ 19,259 crore Non-Fund based - ₹ 354 crore

Limits sanctioned for sustainability – major projects: Fund based - ₹ 18,783 crore Non-Fund based - ₹ 944 crore

Sustainable Transportation (includes E-Car loan of ₹ 2,384 crore): Fund based - ₹ 10,522 crore Non-Fund based - ₹ 808 crore

Flue Gas Desulfurization, Manufacturing of Solar / Cell module and Green buildings: Fund based - ₹ 2,387 crore Non-Fund based - Nil

Energy Efficiency process, Waste & Pollution control and others: Fund based - ₹ 5,875 crore Non-Fund based - ₹ 136 crore

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Contributing to Society (1/2) Status of CSR activities as on 31.12.2024

CSR Expenditure % as on 31.12.2024

War veterans 7%

Culture 2%

Skill Development 11%

PwDs Welfare 7%

Other CSR (incl Animal Welfare, Sports etc) 5%

Livelihood Initiatives 3%

CSR Spends of ₹ 379 crores in 9MFY25

Healthcare & Sanitation 28%

Disaster Management 1%

Education 25%

Green Environment 11%

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

•

Contributing to Society (2/2) SBI Foundation: Highlights of long-term projects

SBI Gram Seva

SBIF CONSERW

‘SBI Sammaan-Hom(e)age to the National Heros’: Program launched on 28.10.2024 to pay tribute to Shaheed Veer Narayan Singh, (the first freedom fighter from Chhattisgarh) by developing his native village Sonakhan.

'SBI Sanjeevani’, ambulance cum primary healthcare service van was flagged off on 05.11.2024. The initiative aims to serve the rural communities in Ponda Block, South Goa.

• SBIF CONSERW: Landscape Ecology and Genetics of Tigers in Northeast India’ in partnership with CSIR - Inaugurated Centre for Cellular and Molecular Biology (CCMB) to conduct the first large-scale genetic study of over 400 tigers in 14 Protected Areas of 4 states – West Bengal, Assam, Arunachal Pradesh and Mizoram.

• As part of the project ‘SBIF CONSERW: Mitigating Human - Elephant Conflict (HEC) through community participation and securing habitat in

Baksa and Udalguri Districts of Assam’ in partnership with Aaranyak, an elephant was radio collared and released back into the wild.

• Waste No More initiative of SBIF was awarded with the Social and Business Enterprise Responsible Awards (SABERA) 2024 under

Environment & Consumption category.

Centre of Excellence (CoE) for Persons with Disabilities (PwD)

SBIF LEAP

In partnership with Dr. Reddy’s Foundation, SBIF sanctioned project Swavalamban, focuses on empowering 1,330 Persons with Disabilities (PwDs). The program will be implemented across five centres in Agra, Pune, Dehradun, Jabalpur and Mysore

In partnership with BMVSS, SBIF sanctioned the project Samarthya, which aims to provide assistive aids to 8,370 Persons with Disabilities (PwDs)

• Awarded with the Social and Business Enterprise Responsible

Awards (SABERA) 2024 under Enablement category.

SBIF Jivanam

• The “SBIF LEAP: Incubating Incubators Initiative (i-Cube)” Incubation Centres in

project has been sanctioned to support Northeast India.

• The International Conference on Emerging Trends in Business Analytics & Management Sciences (BAMS) and the 57th Annual Convention of ORSI, hosted by IIT Bombay and SBI Foundation Hub for Data Science and Analytics, conducted from 12th to 14th December 2024.

•

Integrated Livestock Development project was inaugurated in Lucknow on 25.10.2024.

SBI Youth for India Fellowship Program

• October Cohort of the outgoing YFI 2023-24 Batch shared their local communities, 13-month journey and learnings with their partner NGOs, and SBI Foundation management, followed by brief farewell ceremonies in their respective communities.

SBIF ILM

• SBI Foundation's flagship initiative,

‘SBIF Asha Scholarship received an overwhelming response with 4.1 lakh

2024,' applications.

• SBI Sanjeevani - Clinic on Wheels: Mobile Medical Unit, in partnership with Bhavishya Bharat launched to provide primary healthcare services

in Ghattu Block of Jogulamba - Gadwal District, Telangana.

• SBIF ILM - Digital Shaala in Dewas, Madhya Pradesh was

inaugurated on 13th November 2024

• SBIF Jivanam: TB Care Mobile Unit Project launched in partnership with Society of Community Health Oriented Operational Links, which

aims to ensure early case detection of Tuberculosis and improving accessibility to TB care and holistic support in Raipur district.

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group 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

Nomination and Remuneration Committee

IT Strategy Committee

Board Committee to Monitor Recovery

Review Committee for Identification of Wilful Defaulters / Non Co-operative Borrowers

Stakeholders Relationship Committee cum Customer Service Committee

Special Committee of the Board for Monitoring Large Value Frauds

Sustainability and Business Responsibility Policy

Climate Change Risk Management Policy

Renewable Energy Policy

Policy on Issuance and Allocation of Green Deposits

Code of Ethics

Whistle-blower Policy

Fair Lending Practices Code

Commitment to Customers (BCSBI Code)

Business Continuity and Operational resilience Policy

Cyber Security Policy and Standards

Policy on KYC Standards, AML and CFT Measures

Anti Bribery and Anti-Corruption Policy

Q3FY25 Analyst Presentation

Subsidiaries, Group Financials & Balance Sheet

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

SBI and its subsidiaries – leveraging synergies (1/2)

As on Dec 2024 ₹ in Crores

PAT (₹ in Crores)

ROE (in %)

9MFY24

1,083

10.5

9MFY25

1,600

13.5

PAT (₹ in Crores)

ROE (in %)

As per Ind AS, without OCI

9MFY24 1,745

21.5

9MFY25 1,382

14.3

Individual Rated Premium

Gross Written Premium

Value of New Business

CIF (In Lakh)

Spends

Receivables

56,190

60,983

12,785

14,553

70,000

60,000

50,000

40,000

30,000

20,000

10,000

% 4 1

16,200

14,200

12,200

10,200

8,200

6,200

4,200

2,200

5,000

4,500

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

% 9

4,038

4,293

250

200

150

100

% 6

185

202

3,00,000

2,50,000

2,00,000

1,50,000

1,00,000

50,000

% 0 1

2,49,936

2,45,115

56,000

55,000

54,000

53,000

52,000

51,000

50,000

49,000

48,000

47,000

46,000

45,000

% 2 -

48,850

54,773

% 2 1

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

Market Share

• Private market leadership in Individual New

Business Premium, Individual Rated New

Business Premium and Total New Business

Premium with market share of 27.8%, 25.3% and

22.4% respectively

Business Performance •

Individual Rated Premium grew by 14% & stands at ₹ 14,553 Crores. Individual New Business Premium grew by 12%.

• • PAT grew by 48% YoY and stands at ₹ 1,600

Crores; Robust solvency ratio of 2.04

• VONB stands at ₹ 4,293 Crores with a growth of

• VONB margin stands at 26.9%. • Assets under Management ₹ 4,41,678 Crores;

growth of 19% YoY.

• Embedded value stands at ₹ 68,140 Crores

Market Share

Portfolio (9MFY25)

• #2 player in Cards and #3 in

• 10% YoY in cards,

Spends

• -2% YoY in spends

• Cards-in-force in 9MFY25 18.7%

• 12% YoY in receivables

(9MFY24 18.9%),

• Spends 15.6% (9MFY24 18.3%)

Profitability • During 9MFY25 Revenue from

Operations grew 6% YoY, PAT at ₹ 1,382 Crores

• During 9MFY25, ROA is at 3.0%,

ROE is at 14.3%

• Capital Adequacy Ratio (CAR) is

at 22.9%, Tier I is at 17.0%.

Q3FY25 Analyst Presentation

53 53

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

SBI and its subsidiaries – leveraging synergies (2/2)

As on Dec 2024 ₹ in Crores

PAT (₹ in Crores)

ROE (in %)

As per Ind AS, without OCI

Performance Highlights

9MFY24

1,484

31.3

9MFY25

1,919

29.1

PAT (₹ in Crores)

ROE (in %)

Gross Written Premium

9MFY24

9MFY25

504

15.2

135

5.1

AUM

20,682

• SBIFML is the largest player in the market since Q4FY20. As on Dec 2024, SBIFML has a quarterly

Average AUM of ₹ 11.14 Lakh Crores with a market share of 16.23%. The second largest player

8,629

9,571

14,789

has a market share of 12.74%.

• SBIFML Quarterly average Mutual Fund AUM grew by ₹ 2.63 Lakh Crores from ₹ 8.51 Lakh Crores

in Q3FY24 to ₹ 11.14 Lakh Crores in Q3FY25.

% 1 1

% 0 4

9MFY24

9MFY25

9MFY24

9MFY25

Group PAT (₹ in Crores)

ROE (in %) (Annualised)

9MFY24

9MFY25

895

21.6

894

23.3

Performance Highlights

ROE is calculated without considering Fair value gain routed through OCI & exceptional gain. .

Performance Highlights

• PA&SF Group: Ranked No.1 India Borrower Loans (Mandated Lead Arranger). Market share of

24.76% (Jan-24 to Dec-24).

• DCM: Ranked No.1 for Debt Private placement of bonds in 9MFY25 as per the Bloomberg league

table.

• ECM: Ranked No.4 in the ECM league table for the amount of issues done in 9MFY25.

• Ranked 7th amongst the Private players in 9MFY25

• SBIG Market share is 6.25% in 9MFY25 as against 6.19% in 9MFY24

• No. 1 player in Personal Accident segment amongst Private players.

• 3rd in private Crop segment

• No. 1 player in Common Service Centre Business in rural market

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

Regional Rural Banks Sponsored by SBI

Performance Highlights – Q3FY25

14 RRBs operating in 13 States & 1 UT

Network of 4,774 branches in 240 districts

• Deposits at ₹ 1,38,366 crores ▲ 7.89% YoY

• Gross NPA ▼ 60 bps YoY at 3.77%

• CASA ▲ 3 bps YoY at 53.27%

• Net Profit of ₹ 1,645 crores ▼ 14% YoY

• Gross Advances at ₹ 1,08,439 crores ▲ 13.86% YoY

• ROA ▼ 34 bps YoY at 1.17%

• CD Ratio ▲ 411 bps YoY at 78.37%

• PCR ▼ 239 bps YoY at 80.44%

• NIM ▼ 29 bps YoY at 3.87%

• ROE ▼ 353 bps YoY at 14.78%

Q3FY25 Analyst Presentation

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

SBI group financials – 9MFY25

Particulars (₹ in Crores)

Nine Month Ended

Growth (%)

Particulars

Nine Month Ended

ROA (%)

ROE (%)

Earning Per Share (₹)

Expenses Ratio (%)

NIM (%)

Gross NPA Ratio (%)

Net NPA Ratio (%)

9MFY24

9MFY25

0.98

20.03

68.15

57.06

3.32

2.40

0.62

1.11

21.54

86.20

50.66

3.19

2.07

0.53

9MFY24

9MFY25

Interest Earned

3,21,719

3,63,941

Non-Interest Income

1,07,941

1,19,840

Total Income

4,29,661

4,83,781

Interest Expended

1,89,092

2,22,716

Operating Expenses (i+ii)

1,65,767

1,69,605

YoY

13.12

11.02

12.60

17.78

2.32

(i) Employee Cost

58,811

50,808

-13.61

(ii) Other Operating Expenses

1,06,956

1,18,796

Total Expenditure

3,54,859

3,92,321

Operating Profit

Provisions (other than Tax)

Less: Exceptional Item*

Add: Share in profit of associates

Less: Minority Interest

Tax Expenses

Net Profit

74,802

5,313

7,100

939

1,640

15,986

45,701

91,460

11,992

1,067

2,182

20,393

57,961

11.07

10.56

22.27

125.69

13.69

33.05

27.56

26.83

* Provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization

Q3FY25 Analyst Presentation 56

Executive Summary

Performance Highlights

Financial Performance

Capital Adequacy

Asset Quality

Digital Journey

Banking with a Purpose

Subsidiaries, Group Financials & Balance Sheet

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

SBI SOLO

SBI GROUP

Dec 24

YOY Growth (%)

Dec 23

Dec 24 YOY Growth (%)

₹ in Crores

0.00

18.05

9.81

28.35

-12.49

10.98

892

4,05,161

15,057

892

4,79,299

18,252

48,11,200

52,82,741

5,90,759

6,69,981

7,56,023

7,08,312

64,93,051

72,45,518

0.00

18.30

21.22

9.80

27.97

5.72

11.59

SBI SOLO

SBI GROUP

Dec 24

YOY Growth (%)

Dec 24 YOY Growth (%)

Dec 23

2,11,416

70,437

21,04,345

35,98,225

44,553

4,64,076

2,33,919

1,18,533

23,12,955

40,89,156

45,552

4,45,403

10.74

82.69

7.06

13.78

2.09

-4.29

10.98

10.64

68.28

9.91

13.64

2.24

-4.02

11.59

Q3FY25 Analyst Presentation 57

59,65,616

66,20,674

64,93,051

72,45,518

Dec 23

892

3,68,061

892

4,34,514

47,62,221

52,29,384

5,52,489

2,81,953

7,09,135

2,46,748

59,65,616

66,20,674

Dec 23

2,11,029

56,152

16,89,406

35,19,514

42,501

4,47,013

2,33,684

1,02,582

18,08,629

40,04,567

43,389

4,27,824

Thank You

← All Transcripts SBIN Stock Page →

State Bank Of India has informed the Exchange about Investor Presentation

Market Movers