Você está na página 1de 71

^ m a V r Q >~ o QH>>$d m { f a H m$2011-12 ` [ n oQ >

146 1461

State Bank of India > Annual Report 2011-12

31 2012 -
B A L A NE SH E E OF STATE B A N OF IN D A AS ON 31ST M ARC 2012 C T K I H
(000 ) (000s omi tted) 31.3.2012 31.3.2011 . ( ) ( )
Schedule No. As on 31.3.2012 (Current year)
`

As on 31.3.2011 (Previous year)


`

/ C A PTA L I

Capital

AND L IA B IL IT IE S
... ... ... ... ... ... ... ... ... ... 1 2 3 4 5 671,04,48 83280,16,10 1043647,36,23 127005,56,80 80915,09,46 634,99,90 64351,04,42 933932,81,30 119568,95,50 105248,38,93


Reserves & Surplus


Deposits

-
Borrowings


Other Liabilities & Provisions


TOTAL 1335519,23,07 1223736,20,05

/ ASSET S

Cash and Balances with Reserve Bank of India ... ... ... ... ... ... ... 6 7 8 9 10 11 54075,93,86 43087,22,63 312197,61,03 867578,89,01 5466,54,92 53113,01,62 94395,50,20 28478,64,57 295600,56,90 756719,44,80 4764,18,93 43777,84,65


Balances with Banks and money at call and short notice


Investments ... ... ... ...


Advances


Fixed Assets


Other Assets


TOTAL 1335519,23,07 1223736,20,05

/ Contingent Liabilities / Bills for collection

... ...

... ... ... ...

12 17 18

`832605,33,43 `66959,85,00

`730484,60,45 `59904,98,25

Significant Accounting Policies ... / - / Notes to Accounts ...

^ m a V r Q >~ o QH>>$d m { f a H m$2011-12 ` [ n oQ >

147 1471

State Bank of India > Annual Report 2011-12


SCHEDULES
1
S C H E D U L E C A PI A L 1 T (000 )
(000s omitted) 31.3.2012 31.3.2011

( ) ( )
As on 31.3.2012 (Current year)
`

As on 31.3.2011 (Previous year)


`

: `10/- 500,00,00,000 ( 500,00,00,000)


Authorised Capital: 500,00,00,000 (Previous Year 500,00,00,000) shares of `10/- each 5000,00,00 5000,00,00

: 67,11,28,349 ( 63,50,83,106) `10/-


Issued Capital: 67,11,28,349 (Previous Year 63,50,83,106) Equity Shares of `10/- each 671,12,83 635,08,31

: 67,10,44,838 ( 63,49,98,991) `10/- [ 1,69,77,498 ( 1,81,05,360) 84,88,749 ( 90,52,680) ].


Subscribed and Paid-up Capital: 67,10,44,838 (Previous year 63,49,98,991) Equity Shares of `10/- each [The above includes 1,69,77,498 (Previous Year 1,81,05,360) Equity Shares represented by 84,88,749 (Previous Year 90,52,680) Global Depository Receipts] 671,04,48 634,99,90


TOTAL

671,04,48

634,99,90

2
S C H E D U L E RES E R V E S& SURPLUS 2
31.3.2012

(000 ) ( )
As on 31.3.2012 (Current year)
` `

( )
As on 31.3.2011 (Previous year)
` `

(000s omitted) 31.3.2011

I.


Statutory Reserves

Opening Balance

... ... ...

... ... ...

... ... ...

32512,22,28 3540,62,73 36052,85,01

37107,77,71 3331,85,57 7927,41,00 32512,22,28

Additions during the year


II.

Deductions during the year


Capital Reserves

Opening Balance

... ... ...

... ... ...

... ... ...

1493,71,10 14,37,69 1508,08,79

1381,36,16 112,34,94 1493,71,10

Additions during the year


III. Share Premium

Deductions during the year

Opening Balance

... ... ...

... ... ...

... ... ...

20658,58,29 7864,05,01 8,78,72 28513,84,58

20658,30,78 27,51 20658,58,29

Additions during the year


IV.

Deductions during the year Foreign Currency Translation Reserve

Opening Balance

... ... ...

... ... ...

... ... ...

608,73,19 1824,75,47 2433,48,66

644,95,63 36,22,44 608,73,19

Additions during the year


V.

Deductions during the year Revenue and Other Reserves*


... ... ... ... ... ... ... ... ... ... ... ... 9077,45,63 5694,09,50

Opening Balance

5521,57,39 3555,88,24 14771,55,13 33,93 9077,45,63 33,93

Additions during the year

Deductions during the year VI. Balance of Profit and Loss Account

* Z m o aQ m> O Ed d A m a { j { V_ `| m | (i) ( 1955 36

)`5,00,00 ( 5,00,00 ) ` (ii) A m `H $ { Y {_Z `1961 H $ sY m a36(1)(viii H o A$ V J dVe o fA m a { j V r aA m ) { `3737,00,00 ( 2337,00,00 ) `


*Note: Revenue and Other Reserves include (i)`5,00,00 thousand (Previous Year `5,00,00 thousand) of Integration and Development Fund (maintained under Section 36 of the State Bank of India Act, 1955) (ii)Special Reserve under Section 36(1)(viii) of the Income Tax Act, 1961 `3737,00,00 thousands (Previous Year `2337,00,00 thousand) TOTAL

83280,16,10

64351,04,42

3 G X p Z p < ] Y p y
S C H E D U L E DEPOSITS 3

(000 )
(000s omitted) 31.3.2012 31.3.2011

( )
As on 31.3.2012 (Current year)
`

( )
As on 31.3.2011 (Previous year)
`

@ . I.
A.

X p yG X p Z p < ] Y p y B
Demand Deposits (i) V v _ u p u @ From Banks (ii) d Y_ u From Others ... ... ... ... ... ... ... ... ... ... ... ... 6969,88,04 91480,43,79 369156,31,01 8700,33,65 122494,98,27 330326,06,46

II.

V E O V v G X p Z p < ] Y p y @

Savings Bank Deposits III. _ p \< RG X p Z p < ] Y p y Term Deposits (i) V v _ u p u @ From Banks (ii) d Y_ u From Others

... ...

... ...

... ...

... ...

17405,94,82 558634,78,57 1043647,36,23

13539,66,97 458871,75,95 933932,81,30

TOTAL A. I.
B. II.

W p Z X O u ] p A p d p@u G X p Z p < ] Y p y
Deposits of Branches in India ... ... ... ... ... ... ... ... 982214,07,48 61433,28,75 1043647,36,23 887151,77,32 46781,03,98 933932,81,30

W p Z @O uV p ` Z P O ] p A p d p@u G X p Z p < ] Y p y
Deposits of Branche s outside India

TOTAL

4 -
SC H E D U L E BORROW INGS 4
31.3.2012

(000 )
(000s omitted) 31.3.2011 ( ) As on 31.3.2011 (Previous year)
` `

( )
As on 31.3.2012 (Current year)
` `

I.

Borrowings in India (i) Reserve Bank of India (ii) Other Banks (iii) Other Institutions and Agencies (iv) Capital Instruments

... ... ...

... ... ...

... ... ...

5048,10,02 3813,97,75

1100,00,00 9032,64,26 2368,29,33

( ) ( ) ( )J m U $ U F
(b) Subordinated Debt ...

(a) Innovative Perpetual Debt Instruments (IPDI) ... ...

... ...

2165,00,00 34671,39,60 36836,39,60 45698,47,37

2165,00,00 34671,39,60 36836,39,60 49337,33,19

TOTAL

^ m a V r Q >~ o QH>>$d m { f a H m$2011-12 ` [ n oQ >

150 1501

State Bank of India > Annual Report 2011-12

4 - ( )
SC H E D U L E BORR 4 OWINGS (Contd...)
31.3.2012

(000 )
(000s omitted) 31.3.2011

( )
As on 31.3.2012 (Current year)
`

( )
As on 31.3.2011 (Previous year)
`

II. - Borrowings outside India (i) Borrowings and Refinance outside India (ii) : Capital Instruments:

...

...

...

78127,33,19

67444,20,11

Innovative Perpetual Debt Instruments (IPD I)..

( )

...

3179,76,24 81307,09,43 127005,56,80 4478,39,42

2787,42,20 70231,62,31 119568,95,50 5294,47,86

TOTAL @ [s Y p uG R A N TOTAL B D I II - /
Secured Borrowings included in I & II above

5
SC H E D U L E OT H E R L IA B IL IT IEAND PROVISIONS 5 S

(000 )
(000s omitted) 31.3.2012 31.3.2011

( )
As on 31.3.2012 (Current year)
`

( )
As on 31.3.2011 (Previous year)
`

I.

Bills payable II. d z O Z - @ Yp Y X {p [Y S u(<S\[) _p p G Inter-office adjustments (Net) III. T } p u Q oYWp GO t Interest accrued IV. d ( e _ X uT } p \R p X O [ ` v ) Y S_ < Others (including provisions)

_ z Q u<YV [

... ... ... ...

... ... ... ...

... ... ... ...

... ... ... ...

20504,85,88 10742,54,95 49667,68,63 80915,09,46

21703,49,78 20455,68,73 8236,49,71 54852,70,71 105248,38,93

Y p u TOTAL B

6
S C H E D U L6 C A S H A N D BA L A N ES W IT H R E S E V E BA N K OF IN D IA E C R

(000 )
(000s omitted) 31.3.2012 31.3.2011

( )
As on 31.3.2012 (Current year)
`

( )
As on 31.3.2011 (Previous year)
`

I.

` p P S @ Q er _ X u<\Q u ]@ Z uS p _u rO >P p\N { _ X < [ Ov ) ( r J `


Cash in hand (including foreign currency notes and gold) 11186,36,07 7476,55,39

II. W p Z OqrZ \ {V v X @ uG X p Z p < ] Y p y Y Balances with Reserve Bank of India (i) E p [t A p O X u u In Current Account ... (ii) d YA p O Xp u In Other Accounts ...

... ...

... ...

... ...

42887,03,55 2,54,24 54075,93,86

86916,41,66 2,53,15 94395,50,20

Y p u TOTAL B

7
S C H E D U L E BA L A NES W IT HBA N K S N D M O N E Y C A L L S H O NOT IC E 7 C A AT & RT

(000 @ Fp u> p u< uQ Y>Bp Y p`v )


(000s omitted)

31.3.2012 31.3.2011

( )
As on 31.3.2012 (Current year)
`

( )
As on 31.3.2011 (Previous year)
`

I.

W pOZ X u

In India (i) V v X@ u Gp Xu p Z p < ] Y p y Balances with banks

(@ ) E p t[ A p O Xp u
(a) In Current Accounts ... ... ... ... ... ... ... 820,02,23 3811,99,13 1205,18,63 6,41,00

(A) d YG X pA p O Xp u
(b) In Other Deposit Accounts ... (ii) X p ydBp v dT _ t E S p Z T } p Y Z p < ] Z T RS Money at call and short notice

(@ )V v X@ u p u
(a) With banks ... ... ... ... ... ... ... ... 5995,24,93 10627,26,29 2769,00,00 3980,59,63

(A) d _ z P p d Xp uu Y
(b) With other institutions II. W pOZ @ uV p `Z Outside India (i) E p [t A p O Xp u In Current Accounts (ii) d YG X pA p O Xp u In Other Deposit Accounts

Y p uTOTAL B

... ...

... ... ...

... ... ...

... ... ...

23650,02,74 422,14,68 8387,78,92 32459,96,34 43087,22,63

11669,09,70 1123,88,29 11705,06,95 24498,04,94 28478,64,57

(iii) X p z dBp v dT _ tE S p Z T } p Y Z p < ] Z T RS Money at call and short notice ...

Y p uTOTAL B @ [s Y p uG R A N TOTAL B D

8
S C H E D U L E IN V E 8 STM EN TS

(000 )
(000s omitted) 31.3.2012 31.3.2011 ( ) ( ) As on 31.3.2012 (Current year) As on 31.3.2011 (Previous year)
` `

I.

W p ZX O u < \< S R p S

Investments in India in : (i) _ Z @ pT Z} r< O W t < O Y p y Government Securities (ii) d Yd S s X p u T Q <OO W t < O Y p y <} Other approved securities (iii) ] u Y Z Shares (iv) q L > V u E V p z L > d p v ZZ Debentures and Bonds (v) /

... ... ... ...

... ... ... ...

... ... ... ...

... ... ... ...

255833,61,37 6,14,92 3337,59,99 12999,14,27

230741,44,69 423,71,13 8864,64,59 15134,10,52

( )

Subsidiaries and / or Joint Ventures (including Associates) ... (vi) ( , ,

...

...

...

5460,99,83

4855,42,87

Others (Units of Mutual Funds, Commercial Papers, Priority Sector Deposits etc.) ...

...

...

23383,46,96 301020,97,34

25567,65,78 285586,99,58

Y p u TOTAL B
II. W p Z @O uV p ` Z \< S R p S < Investments outside India in : (i) _ Z @ pT Z} r< O W Xt < u (Oe _ X uP p S r YT } p < R @ X < [ Ov ) Y p _ ZN ` Government Securities (including local authorities) (ii) / Subsidiaries and / or Joint Ventures abroad ... (iii) d Y< \< S R p( ] u Y Z q, L > V d E Q ) S u p< Z Other Investments (Shares, Debentures etc.) ...

... ... ...

... ... ...

1866,27,62 1602,78,14 7707,57,93 11176,63,69 312197,61,03

2239,07,88 1602,78,14 6171,71,30 10013,57,32 295600,56,90

Y p u TOTAL B @ [s Y p uG R A N TOTAL (I & II) B D


III. W p ZX O u < \< S R p S Investments in India : (i) < \ < S R p @ p _ @ [ X t Y S u p Gross Value of Investments ... ... (ii) C J > p # h @ s T } p \R p S / X t Y p _ y [ Less: Aggregate of Provisions / Depreciation (iii) <S\[ < \< S R p( g T I _ u ) S Z Net Investments (vide I above) IV. W p Z @O uV p ` Z \< S R p S < Investments outside India : (i) < \ < S R p @ p _ @ [ X t Y S u p Gross Value of Investments ... ... (ii) C J > p # h @ s T } p \R p S / X t Y p _ y [ Less: Aggregate of Provisions / Depreciation (iii) <S\[ < \< S R p( g T II _ u ) S Z Net Investments (vide II above)

... ...

... ...

302856,15,20 1835,17,86 301020,97,34

286732,71,79 1145,72,21 285586,99,58

Y p u TOTAL B

... ...

... ...

11436,68,18 260,04,49 11176,63,69 312197,61,03

10221,32,43 207,75,11 10013,57,32 295600,56,90

Y p u TOTAL B

@ [s Y p uG R A N TOTAL (III & IV ) B D

9
SC H E D U L E ADVA N C ES 9

(000 )
(000s omitted) 31.3.2012 31.3.2011 ( ) ( ) As on 31.3.2012 (Current year)
`

As on 31.3.2011 (Previous year)


`

@ . (i)
A. Bills purchased and discounted ... ... ... (ii) , Cash credits, overdrafts and loans repayable on demand (iii) Term loans ... ... ... ... ... ... 77138,60,77 374143,24,94 416297,03,30 867578,89,01 51715,78,19 339825,33,41 365178,33,20 756719,44,80

Y p u TOTAL B A. (i) ( )
B. Secured by tangible assets (includes advances against Book Debts) ... ... ... ... ... ... ... ... ... ...

624544,52,03 78555,19,05 164479,17,93 867578,89,01

494604,06,61 109096,80,03 153018,58,16 756719,44,80

(ii) V v @ / _ ZT @ Y p pZ Wr < p OZ_Yz Z u< b O } t pp Covered by Bank/Government Guarantees (iii) d T } < O W t O Unsecured ...

Y p u TOTAL B B. (I) W p Z X O u d < B } X


C. Advances in India (i) T } p P < X T } pO puO m @ b Priority Sector (ii) _ p \ { G < Sb@ m u Public Sector (iii) V v @ Banks (iv) d Y Others

... ... ... ...

... ... ... ...

... ... ... ...

... ... ... ...

250176,96,36 54707,32,31 180,37,64 428436,62,60 733501,28,91

231597,86,67 48924,41,93 454,92,47 367698,25,17 648675,46,24

Y p u TOTAL B
(II) W p Z@O uV p ` Z < B } X d Advances outside India (i) V v _ u ] p u Y @ Due from banks (ii) d Y _p uu] p u Y Due from othe rs

...

...

...

...

17086,18,01

22423,64,94

(@ )
(a) Bills purchased and discounted ... ... ... ... ... ... ... ... ... 21568,46,45 47400,11,59 48022,84,05 134077,60,10 867578,89,01 14796,19,10 36737,68,12 34086,46,40 108043,98,56 756719,44,80

(A)
(b) Syndicated loans ... ...

(B) d Y
(c) Others

Y p u TOTAL B @ s Y p u( B - I - I I G R A N D TOTA L (C -I & C -II) [ )

10
S C H E D U L E FIX E D A SSET S 10

(000 )
(000s omitted) 31.3.2012 31.3.2011 ( ) ( ) As on 31.3.2012 (Current year)
` `

As on 31.3.2011 (Previous year)


` `

@ . I.
A. I.

TqZ_Z

Premises

T t \{ \O\^{{ @ 31 X p E @ P < O@ ud S s _ p [Zp B O T Z r {


At cost as on 31st March of the preceding year ... ... ... ... ... ... ... ... 1791,60,63 357,10,96 5,92,31 859,61,78 1687,67,20 149,42,02 45,48,59 781,96,86


Additions during the year ... ... ... ... ... ...

\^ { @ uQ p v Z@ p S J > p v < O Y p y
Deductions during the year

d O S X t Y p _
Depreciation to date 1283,17,50 1009,63,77

I I.

Other Fixed Assets (including furniture and fixtures)

d Y dE[ d p O Y (pe y X u U S r { Ed Z v Z U _ E Z X < [ O v ) _ p < _ `

T t \{ \O\^{{ 31 X p E @{ P < O@ ud S s _ p [Zp B O T Z r


At cost as on 31st March of the preceding year ... ... ... ... ... ... ... ... 10595,54,50 1862,27,87 610,41,98 7996,91,40 9233,45,58 2044,11,71 682,02,79 7173,42,66


Additions during the year ... ... ... ... ... ...

\^ { @ uQ p v Z@ p S J > p v < O Y p y
Deductions during the year

d O S X t Y p _
Depreciation to date III. TJ> o J > p d@p wO OY p y Leased Assets 3850,48,99 3422,11,84

...

...

... ... ... ...

... ... ... ... 802,13,34 852,85,15 50,71,81

T t \{ \O\^{{ @ 31 X p E @ P < O@ ud S s _ p [Zp B O T Z r {


At cost as on 31st March of the preceding year


Additions during the year ... ... ... ...

\^ {@ Qu p v @ p SJ > p v < O Y p y Z
Deductions during the year

T } p \ R p_S<p`Od O S X t Y p _ u
Depreciation to date including provision ... ... ... ... 802,13,34 802,13,34 20,27

:
Add : Lease adjustment account IV. ... 20,27 20,27 332,68,16 5466,54,92 20,27 332,23,05 4764,18,93

( )
Assets under Construction (Including Premises) ... ...

Y p u TOTA L (I, II, III & IV) B

11
S C H E D U L E OTH ER A SSET S 11

(000 )
(000s omitted) 31.3.2012 31.3.2011 ( ) ( ) As on 31.3.2012 (Current year)
`

As on 31.3.2011 (Previous year)


`

I.

d z O Z - @ p Y X {p [Y p u(<S\[) _p Y GS
Inter-office adjustments (net) ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1573,93,79 11013,85,83 8240,82,75 180,63,83 98,01,43 4,25,91 32001,48,08 53113,01,62 9132,02,77 5848,00,60 1167,28,24 98,83,00 34,91 27531,35,13 43777,84,65

II. T } p u Q oYWp GO t Interest accrued

III. / Tax paid in advance/tax deducted at source ... IV. d p P < B O Z p O Y (<S\[) @ d py Deferred Tax Assets (Net) V. [ u A S_ p X B d} pr v ZJ > p z T Stationery and stamps

V I. - Non-banking assets acquired in satisfaction of claims V II . d Y Others ...

Y p u TOTAL B

12
S C H E D U L E C O N T IN G E N T IA B IL IT IE S 12 L

(000 )
(000s omitted) 31.3.2012 31.3.2011 ( ) ( ) As on 31.3.2012 (Current year)
`

As on 31.3.2011 (Previous year)


`

I. II.

V v @@ u<\ Q p \ < G j ` N p @ uT X u \ r @ p SZ` r q @ Y p p` v u u u BY


Claims against the bank not acknowledged as debts ... ... ... ... ... 930,18,89 2,80,00 404915,74,76 773,89,36 2,80,00 339683,99,79

Liability for partly paid investments ... ... ... III. V @ p\ Y Y Q < \ < S X _ z < \ Q p @ p uV p V O u Y O p pp p Y d Q Liability on account of outstanding forward exchange contracts ... IV. _ z C J > @ d pu u _ u Q r B e {T } Y p W t < O Y p y p Z Guarantees given on behalf of constituents

(@ )W p Z X O u
(a) In India ... ... ... ... ... ... ... ... ... ... ... ... ... 86853,33,93 84072,55,61 134540,58,99 121290,11,25 832605,33,43 82657,98,54 60827,95,78 145187,30,78 101350,66,20 730484,60,45

(A) W p Z @O uV p ` Z
(b) Outside India ... V. , Acceptances, endorsements and other obligations VI. , Other items for which the bank is contingently liable

Y p u TOTAL B

31 2 0 1 2
PRO F I T N D O S A C C O U O FSTAT EB A N O FI N D I F O RT H E RE N D E3D1 S T A R C2H 1 2 A L S NT K A YEA M 0
(000 ) (000s omitted) 31.3.2012 @ p_ X p \^ { 31.3.2011 @ p_ X p \^ { u O u O . (Ep[t \^{) (< T F > [p \^{)
Schedule No. I. Year ended 31.3.2012 (Current year)
`

Year ended 31.3.2011 (Previous year)


`

dpY

INCOME

d < G { Y p G O
Interest earned

... ...

... ...

... ...

d Yd p Y

13 14

106521,45,34 14351,44,57 120872,89,91

81394,36,38 15824,59,42 97218,95,80

Other Income II. Y Y EXPENDITURE

Y p u TOTAL B Y Yq @ Y p p Y p G BY
Interest expended

T q Z E p [ Y Y S

... ... ...

... ... ...

... ... ...

15 16

63230,36,87 26068,99,21 19866,24,97

48867,95,61 23015,43,26 17071,05,03 88954,43,90

Operating expenses

T } p \ R p S v d p @ X @Y Y dp Z

Provisions and contingencies III. [p W PROFIT

Y p u TOTAL B \^ { @ u<[h <S\[ [p W d B } S rO W [p

109165,61,05

Net Profit for the year Profit brought forward

... ...

... ...

... ...

11707,28,86 33,93

8264,51,90 33,93

g _ m _ o bnZa h V m V y ad V dE Vg ~ r A m HB $_ { e ` b n[ u E SB> Q > a Z ~o e H {b. H $ m m E d h m Z{ e o f Z b$ b ^

Profit & Loss balance of e-SBI Commercial & International Bank Ltd. transferred on amalgamation

5,71,15

8264,85,83

Y p u TOTAL B < \< S Y p u G S


APPROPRIATIONS

11713,33,94

T t z G r X udz Z N O

Transfer to Statutory Reserves Transfer to Capital Reserves

... ...

... ...

... ...

3516,97,72 14,37,69 5536,49,60 2348,65,69

2479,35,57 9,60,89 2729,86,59 1904,99,70 246,52,02 894,17,13 33,93 8264,85,83


` 130.16 ` 130.16

V m { [ pVW p z ] d [ p W p zT ] Z @ Z
Proposed Dividend Tax on dividend

Transfer to Revenue and other Reserves

Q >~ o QH A >$ m B \ $ X Hm o g$ _ m _ o bg Z h m { Z a o
_ |

...

...

...

296,49,31 33,93

Loss on Amalgamation of State Bank of Indore ... Balance carried over to Balance Sheet ... ...

Y p u TOTAL B
Basic Earnings per Share

11713,33,94
` 184.31 ` 184.31

Diluted Earnings per Share

u A pS r < O Y/ p Significant Accounting Policies [ y [ u A p - q J > T / N Y p y to Accounts < Notes ... ...

17 18


SCHEDULES
13
SC H E D U L E IN T E R ST EAR N ED 13 E
31.3.2012 @ p_ u p \^ { X O Year ended 31.3.2012 (Current year) I.

(000 )
(000s omitted) 31.3.2011 @ p_ u p \O { { X ^ Year ended 31.3.2011 (Previous year)

(Ep[t \^{)
`

(< T F > [p \^{)


`

/ /

Interest/discount on advances/bills II. < \ < S R p TS Z d p Y pu Income on investments

... ...

... ...

... ...

81077,69,77 23949,14,17

59976,00,50 19826,37,36

III. W p Z OqrZ \ {V v X@ uG X p Z p < d] p vpd u Yd z O Z - V <v S <@ R Y Z Y p G Y Y Z Tpu Interest on balances with Reserve Bank of India and other inter-bank funds ... IV. d Y Others ...

... ...

... ...

350,47,17 1144,14,23 106521,45,34

235,65,89 1356,32,63 81394,36,38

Y p u TOTAL B

14
SC H E D U L E OTHER INCOM E 14
31.3.2012 @ p_ u p \^ { X O Year ended 31.3.2012 (Current year) I.

(000 )
(000s omitted) 31.3.2011 @ p_ u p \O { { X ^ Year ended 31.3.2011 (Previous year)

(Ep[t \^{)
`

(< T F > [p \^{)


`

@ X r ] S<, \< S X d p v Z Y Q[p[r

Commission, exchange and brokerage II. < \ < S R p @S pu<u \@ } T Y [ p W / (`p < S )(<S\[) Z Profit / (Loss) on sale of investments (Net)

... ...

... ... ...

... ... ...

12090,90,17 (919,74,24)

11563,27,50 925,69,54 (4,67,20)

III. < \ < S R p @S puTu s S X { t Y p z[ p W S (`p < S )(<S\[) T Z @ / Profit / (Loss) on revaluation of investments (Net)... IV. W t < X , \ S pd up v d Yd p O Y @p uu< \ @ } T Y W Z Z [ p W / (`p < S )(<S\[) Profit / (Loss) on sale of land, buildings and other assets (Net) V. < \< S X [Yu S Q u SZ [ p W / (`p < S ) T Profit / (Loss) on exchange transactions V I. / / / ...

... ...

... ...

(44,14,62) 1432,19,47

(18,51,07) 1464,04,87

Income earned by way of dividends, etc., from subsidiaries/ companies and/or joint ventures abroad/in India... ... V II. { d m rn ` Q >g Qo A m ` > o Income from financial lease V III T } @ d pNY{ . Miscellaneous Income ... ... ... ...

... ... ...

767,35,15 9,68 1024,78,96

827,73,02 1,88,65 1065,14,11

Y p u TOTAL B

14351,44,57

15824,59,42

15
SC H E D U L E IN T ER ET EX PEN D ED 15 S
31.3.2012 @ p_ u p \^ { X O Year ended 31.3.2012 (Current year) I.

(000 )
(000s omitted) 31.3.2011 @ p_ u p \O { { X ^ Year ended 31.3.2011 (Previous year)

(Ep[t \^{)
`

(< T F > [p \^{)


`

G X p Z p < T] Y p Y p G Z u

Interest on deposits

...

... ... ...

... ... ...

55644,36,92 3885,64,45 3700,35,50 63230,36,87

43234,75,48 2561,73,80 3071,46,33 48867,95,61

II. / - Interest on Reserve Bank of India/Inter-bank borrowings II I. d Y Others ...

Y p u TOTAL B

16
S C H E D U L E OPER 16 ATIN G EXPEN SES
31.3.2012 @ p_ u p \^ { X O Year ended 31.3.2012 (Current year) I.

(000 )
(000s omitted) 31.3.2011 @ p_ u p \O { { X ^ Year ended 31.3.2011 (Previous year)

(Ep[t \^{)
`

(< T F > [p \^{)


`

Payments to and provisions for employees ... ... II. , Rent, taxes and lighting ... ... ... III. - Printing and stationery ... ... ... IV. Advertiseme nt and publicity ... ... ... V. (@ )V v @@ _ z T < T Z X t Y p( n_ Q > Q A mm Hp VHV` m N| > m o S > H $ a ) l > $ $m o (a) Depreciation on Banks Property (Other than Leased Assets)

... ... ... ... ...

16974,04,04 2065,40,88 276,48,56 206,63,27 1007,16,87 48,18 128,49,52 117,29,49 433,26,05 373,30,20 963,46,17 3522,95,98 26068,99,21

15211,61,87 1794,48,79 255,40,03 257,87,61 990,49,52 74,28 124,28,30 118,54,59 363,36,05 374,24,72 800,91,24 2723,46,26 23015,43,26

(b) Depreciation on Leased Assets ... ... ... V I. , Directors fees, allowances and expenses ... ... ... V II. ( ) Auditors fees and expenses (including branch auditors fees and expenses) V III. Law charges ... ... ... ... IX. , Postages, Telegrams, Telephon es etc. ... ... ... ... X. Repairs and maintenance ... ... ... ... X I. Insurance ... ... ... ... X I I . Other expenditure ... ... ... ...

(A) T J > o J > dp p@ O YOTp Zu X t Y p _ w

Y p u TOTAL B

SC H E D UE 17 L A Z w gr y 17 M SIG N IFIC AN ACCO U N TIN POLICIES: T G _ h d n U om Z r { V ` m yb I H .$ V `am H $ o ZH m A m Y m a a $ A. Basis of Preparation The Banks financial statement s are prepared under the ~ H H $ o{$d m { d d a,U O h mA `mW Z H $mhJ `m h m A, d { YVJ b m J V `r o historical cost convention, on the accrual basis of n [ a n m HQ o>V$ r V b omI H s$ mo Zd n V{ H $ o A m Y na V `am{ H E$JE h am accounting, unless otherwise stated and conform in all h A m do ^ m Va _| g m _ m : `dVr HVb$o I m - { g | m rE m )n r o g^r a (O V E H $ material aspects to Generally Accepted Accounting _ h d yn U b w | AH moA$ Z wn h$ BZ { g m _ | V my Jg m { $d { Y H Y m Z , n h . b m | | md Principles (G A AP in India, which comprise applicable ) statutory provisions, regulatory norms/guidelines { d { Z ` m __ H Z X S > `/ ^[m a ~dr $H ( A m a ~ r )A mH $Bo {X e m - { Z X } e , $ m a O V prescribed by Reserve Bank of India (R BI), Accounting ^ m a V g Z X b o I m aH $g m W ( m m B g )r E A mm OB m a b o I m - _ m Z H $ ` r r Z A ma r Standards issued by the Institute of Chartered A ma ^ m a`V r~ q J C$ m _| M {Vb W m eEm {b h . H J o _

I. m $ b |Z H $ m `m o J m { d m r{ d d a U H m$ V o ` mH a $ a _| o ~ Z H $ m{ do , m r{ d d a |U Hm s$ { V { W ` | m Z Y ` H $ mA om p VA` m | a X o `(B m |_AA mm |,H $ p X_ oH` V g pE _ { b h ) V g $ m V H $ g y { M a V { V W gmy M ZAmd Y H o X$ m ag my {ZV A m E d `` s m e { M ` _| { V \$V b m $ b A m a { Z n y Hd $ a ZH o$ w _mmd Z` H $ hVm o h . m Z sA m Vr ~ Z H $ `h _ m Z Zh { H { d `m r{ d d a | U Hm $ V o `amH $ o _| ` w $ Y m m $ m aZ m $Zb { d d o H $A n my `UW m o { M ^ V r d n h[ a U_ mBZ m $ b| Z mAbJ a m . go h m go H $ Vh o . J. 1.

Accountants of India (IC A I) and the practices prevalent in , the banking industry in India. Use of Estimates

B.

_ h d n U om Z r { V ` m yb I A m` { Z Y m a U C. 1.1 O h mA mW Z H $mhJ `m h m A , m A ma `` H $ m mo o Z A m Y m a 1. ` o ` d na b ooI _| { b m J `m h . ~ H H$ o {$ d X o pe W H $ m ` m H ob $` m | ` V g ~Y_| A m H $ {mZ Y m Cg a X o H o$ W m` Z r $ m HZ oyA$Z Z w g m a ` Ue H { H m `J `m h { O X e _| dh H $ m ` `m p W h . $ g o b V 1.2 ` m A m H $ b m A ma h m Z{I m o _| m o h m V ohrV {o Z Y m a U O ` m^ V (i) A { J ,_ m | > Am ma| { d { Z Y | m Z gm_ m >{ d A Z O $ AH m p V ` m | n go g o A m ,` { O g H {$ ZmY m ^m aaUV [ra O ~ dH $ / {e dpX o H V$ m ` m b ` m | ` W H o _$ m _ | b _| g ~ V{ X eo H o {$ d { Z ` m | _( H $ $H no m g m _ y ${ h H m Y B gm V $n go { d { Z ` $ _ m { Y H H$ $m hJamm h ) m {a Zm Y m [ a V m H `r { d d o H $ _n my UZ X H So A$> Zm w|a g d g y rb A m Y na { H $ ` m h O , m V m m am (ii) { d { Z Y m Z A m| d o X Ze- nam {` m ,O (iii) { d { Z Y m Z mm | H $ sm a VW ~ > m { ~ b$|mVna A { V X ` m H o A b m d { H $ ` J `m h , H ` o O $ m m (iv) n m S o > a r d o na Q A mg H $ Q o > o Zq m > { JXm` J `m h . ` { > ` m S_ 1.3 { d { Z Y m Z {m~ |H $H sh $ms od Zm oobb m ^ / hZm H{ $ b m^ V W hmm { Z na m o I m V _| { X I m `J `m h & ` n{ n [ a n m VV H a Io JE lo U r o d $ H o { $ d { Z Y m Z {m~ |H $ hs $ms od Zm oobb m H $ (m ` m o $ aAm m| a naH ^ `H g m { d {AY mH a${r j V n o j m | A m Km Qo > m Z~ m X n) y H Ao m a { j V r A H $ o O r$ I m o _| { d { Z `J m{ o m `J `m h . V H$ 1.4 { dm n >g o h | BA m H $ nm [ a H Z b m W ${ n_ >Amd { g o A { Y H $ m ` $ H Y A d { H o $ na n~ H > $ m {`Z d { d { Z Z Hm o $ _| A >V o { Z { h V Y om b Y n ` m Xa H $ C n ` m H $ a H Ho $$ `Jm`m h . 1 A b 2001 g o O m J o { , ^ m rd n >H m $ |m o _| { Z b > { od { Z Z Hm o g$ _ m a m e{ H o A { J _ n d Y Z $ H o $$n _| b ooI _| { b m J `m h . n >{ H $ a H $` mm yb| a m e{ A m a ` m m _ { dm A m _| ^ m ZO { dm n >g om g ~ ~ H $ m{`Z d m d Y m Z m | ` | mb H o {$ ZV` A m d {$Y { V \$ H o n$ a m d d n$ H o A$ m Y na a{ H $ ` m H b uV m J `m h . _ y a m e{ H $ C n ` m no >_| o { Z b { d { Z Z amm e { H $ m o b m J d Y K Q > Hm o Z{$ bE { H m `J `m h A ma { dm A m H $ ` m A m H o $ o $ ` m oO ` $n _| [ a n m {o H m `J `m h . Q $>

The preparation of financial s tateme nts requires the managemen t to make es timates and assumptions considered in the reported amount of assets and liabilities (including contingent liabilities) as of the date of the financial statement s and the reported income and expenses during the reporting period. Management believes that the estimates used in the preparation of the financial statements are prudent and reasonable. Future results could differ from these estimates. Significant Accounting Policies Revenue recognition 1.1 Income and expenditure are accounted on accrual basis, except otherwise stated. In respect of banks foreign offices, income is recognised as per the local laws of the country in which the respective foreign office is located. Interest income is recognised in the Profit and Loss Account as it accrues except (i) income from nonperforming assets (NPAs), comprising of advances, leases and investments, which is recognised upon realisation, as per the prudential norms prescribed by the RBI/ respective country regulators in case of foreign offices (hereafter collectively referred to as Regulatory Authorities), (ii) interest on application money on investments, (iii) overdue interest on investments and bills discounted, (iv) Income on Rupee Derivatives designated as Trading. Profit or loss on sale of investments is recognised in the Profit and Loss Account, however, the profit on sale of investments in the Held to Maturity category is appropriated net of applicable taxes and amou nt required to be transferred to statutory reserve to Capital Reserve Account. Income from finance leases is calculated by applying the interest rate implicit in the lease to the net investment outstanding in the lease, over the primary lease period. Leases effective from April 1, 2001 are accounted as advances at an amount equal to the net investment in the lease. The lease rentals are apportioned between principal and finance income based on a pattern reflecting a cons tant periodic return on the net investment outstanding in respect of finance leases. The principal amount is utilized for reduction in balance of net investment in lease and finance income is repor ted as interest income.

1.2

1.3

1.4

^ m a V r Q >~ o QH>>$d m { f a H m$2011-12 ` [ n oQ >

160 1601

State Bank of India > Annual Report 2011-12

1.5 n [ a n m$ V H a Io JE l o U _| { d { Z Z na A m ( `m H $ Nm > o m o S > H $ a ) V$ r Ym ` O H $ Am o { H_ $y V H $Vs w b _| ~m > m _ Hy ` na V{ Z Z de m { _ { H $ ` m ` Z $ V b J `m h : H $ . ` m O m HV $ a dZ m b r { V ^ y { V `ogm |X _ |B g { ~ H $ s / o H $ ^ o e m oZ Y og_` e m {b { H $ J` `m h . H $ _ m I. e y ` - H y${nV ^ y {| V a, mB g o { V ^ y H{ V es of A d { H o $ Z n` $ Y { bE { Z V A m A m Y na b o oI _| { b m J `m h . ` ` ma ` 1.6 O h mb m ^ em m V H $ a Z o A { Y H m g h m ohV, dm h mb m ^ emH $ m o H $a { m $ m o Z A m Y na b o oI _| { b m J `m h . d am ` 1.7 (i) A m W ^ w J V Jmm a { na J> m` ma HQ$ >_ ZeH $ Am m HZ$J bm a Q > r V {J Z Q | r H $ s Ayda{r H o{$bE { H $ J m h A m (ii) g a H $r m a ` n a n Y ` `m a `dgm H $ _ ZeH $ m { Z Ym mo Z Aa U Y na { H $ J m h , BZ X m H Z$ m |o r dm am ` `m o N > m oA S`> gH^r$ H $ _ ZeA m e w H $ -`AH m { mZ Y m dg y rb H o $ a r a $ aU ~ m {X H $ J` `m h . m 1.8 { d ef o A m dg m $ ` m o O({ X g ~ 0 0 g oO y 2009) H oA $ V J V FU Z m a2 8 Z g X E m ~$ m ra J r m r{_` H $ 15 od f H $A d { H oA$ m V gF $ U H ~ _ _ m s Y na n [ a e m Vo { H m J `m h . Y $` {d{ZY m Z { X Z $ m 31.12.201 V H g a H $r m {a V ^ y |{ V `o$ m"m " g m H Xs$ { V { W '' 2. H 0 $ H o (Q > o S) > H-$So A >ZQ wa> gEm 01.01.201 H $ o ~ m B | h" " { Z nZQ{ >Vm{ W ' o d 1 X ' ( g o Q > bS _o |Q HQ> o>A$)Z wa g[ m H $ {m HS $ J m h &g a H $r m {a V ^ y |{ go `BmV > a ` `m > V a { d { Z Y Hm $ Z"m"mgo |m H X$ {soV { W( Q' > o S >H - oA $ oZ >wa ghr )[ a H $ {m HS $J `m ' S Q >m `m > h & 2.1 d J u H $ a U { d { Z Y H $Z3m l o| { U | `Am W mn [ a Vn m$ V H a Io JE, { d H ` H$ o $ m m $ { bE C n b Y A m `d gm H o{$bE a Io JE H o $$n _| d J u H $ a U a ` { H $ J m h . ` `m 2.2 d J u H $ a H $ A m Y : a U m m i. CZ { d { Z Y| Hm o$ Znm [ma n m V $ a Io JE lo U H $ oA VV Jd u H $ V $V H r J { H $ J` `m h , { O ~ h | H $m na [ma n m V H a$Im O m V . m d hm ii. C Z { d { Z Y m $Z`dgm H o{ $bE a Io JE lo U H oA$ V J V H mm o | ` r d J u H { $HV$ J m h , { O Hh | ${ `V { gWo 90 { X ZH m o^|$rV a ` `m { g m :nVw VZ { d h o Ha Im $O` m V . V w hm iii. { O { d { Z Y | m Z Cmm no ` w X mlo o{ U | `_| d J u HVZ$ ht { H $ ` m Z H $ $ m J `m h , C {h d| H H $ o`{ $bE C n bY lo U H o $$n _| d J u H $ V r { H $ J` `m h . m iv. { H $ { d { Z Z H mo$ Bm g $H Ho H $ og_` n [ a n m$ V H a Io JE, rg Y `$ $ { d H ` H $ o{ bE C n bY `m `dgm H $ o{ bE a Io JE l o { U | `_m| ` d J u H { $ m$ J` `m h A m C g $H n o m lVo { U| _|mn a an n [ a d V Z V H a ` { d { Z ` $ {_ X e m - { Z HX$ oA eZ mwn { $H m J `m h . m H | } $` v. A Z w f {gJ ` mwC $ _ A m g h ` m o { _J |`{m | $JE { d { Z Y m Z m | ` |, m | a H E H $ n [ oa n m$ VV H a Io JE l o U H o A$ VVJ J u H { $H $ ` m m $ r d V J `m h . 2.3 _ y ` m Z :H $ i. { H r$ g{ d { Z ZY H s$ A { ^ J h U - VmH J$ {mZ Y m H $a aU_ |; m b Zo (H ) A { ^ X |mnaZ mm X b m b r/H $Z_Hre$ bmm oV _| g oK Q > m $ J { Xm` J `m h . (I) { d { Z Y| m $ Zo A { ^ J h H $ o g ~Y _| Xm X b m b r , H m U H $ _ r e, Z { V V y b{ o Z ZXHoa$ A mX {H $ C gr g_` `` ^ m H a { Xm` J `m h A m B a b m V _| e m {b_ Z ht { H $ ` m $ h| J J `m h . (J) F $U { b I V| m I { V > d { H o{ $bE X m / m`m O na SA Y H $ m ` m ``/Am` _ m ZJ mm h A m B a b m JV / oO ` h| { d H $ `- { V \$m {b_ Z ht { H $ J` `m h . b _| e m

1.5 Income (other than interest) on investments in Held to Maturity (HTM) category acquired at a discount to the face value, is recognised as follows : a. b. On Interest bearing securities, it is recognised only at the time of sale/ redemption. On zero-coupon securities, it is accounted for over the balance tenor of the security on a constant yield basis.

1.6 Dividend is accounted on an accrual basis where the right to receive the dividend is established. 1.7 A ll other commission and fee incomes are recognised on their realisation except for (i) Guarantee commission on deferred payment guarantees, which is spread over the period of the guarantee and (ii) Commission on Government Business, which is recognised as it accrues. 1.8 One time Insurance Premium paid under Special Home Loan Scheme (December 2008 to June 2009) is amortised over average loan period of 15 years. Investme nts The transactions in Government Securities are recorded on Trade Date up to 31.12.2010 and on Settlement Date with effect from 01.01.2011. Investments other than Government Securities are recorded on Trade Date. 2.1 Classification Investments are classified into three categories, viz. Held to Maturity (HTM) Available for Sale (AFS) and , Held for Trading (HFT) 2.2 Basis of classification: i. Investments that the Bank intends to hold till maturity are classified as Held to Maturity. ii. Investments that are held principally for resale within 90 days from the date of purchase are classified as Held for Trading. iii. Investments, which are not classified in the above two categories, are classified as Available for Sale. iv. An investment is classified as Held to Maturity, Available for Sale or Held for Trading at the time of its purchase and subsequent shifting amongst categories is done in conformity with regulatory guidelines. v. Investments in subsidiaries, joint ventures and associates are classified as Held to Maturity. 2.3 Valuation: i. In determining the acquisition cos t of an investment: (a) Brokerage/commission received on subscriptions is reduced from the cost. (b) Brokerage, commission, securiti es transaction tax etc. paid in connection with acquisition of investments are expensed upfront and excluded from cost. (c) Broken period interest paid / received on debt instruments is treated as interest expense/income and is excluded from cost/ sale consideration.

ii.

iii. iv.

v.

vi.

vii.

(K) b m V H m$ { Z Y m, {d aH`UH $ o{ bE C n bY E `dgm ` J d V $ a Io JE lo U H $ oA YZ { d { Z Y| Hm$ o_Z mm _ b ^ m [ a V H r r o _| A m V g mVJ U m bH $ oA Z wa gEm " n [ a nm $ V H a Io b r d $ JE' lo U H $ o{ bE \$s\ $ om( \ $ QBZ> \ $ QA >m C) Q U> m b r r H $ oA Z wa g{ m m J` `m h . H$ C n a m VoZr l o { U| `_|m { V V yH{ oA$ V aH $ Am o V aHU${sV { W $ ^ U na ` y Z A { ^ J hb m J V /~ h y ` / ~ ma O y ` H $ oA Z w g m a _V U r _ _m b ooI _| { b m J `m h , A m E o A V ana h E _ y ` m `{X h m o ` a g U , g V m H om$ n y U m Vm `d Z {mH m J` `m h . , Y $ Q > o{ O~ b rmA | m d am { U p n ` H H| $ _ y `Z Im d -b m J V a m$ m a A m Y na {a H $ J` `m h . m m n [ a n $mVV H aIo JE lo Ur : n [ a n m V H a$Io JE lo U _ | $ $ r a Io JE { d { Z Y Hm $Z`m{Xo |C Z H _$ ym A { H_ $y V g oA { Y H $ m ` ` Z h m Vo , mA o{ ^ J U h b m V na b o oI _| { b m J `m h { O g _ | J ` r{_ _ H $ ~ Mr h Bn [a n mV d Y H o {$bE { Z a A m ` ` m o $A { Va A m Y na na [ a e mVo { Y m J `m h . E o gr{_` H on $[ a e m o Y Z m H $` o _ H $ "m" {o d { Z Y na `m |O 'e r H oA$ VVJA m H og$m n o j m Zm ' f ` g _ m ` m o {{H $V` m Jh`mjor` J m _ ~r U H H$ m$ Nm| >o m o S > H $ a O . A Z w f { g `m` w|, $ CAm_ gmah |` m o { J( `Xmo |eA m { ad X o e J X m o _|Z {md |{) Z Z Hm$ A do { Y J b m V A m Y na _a y ` m { H $ V Y m V J m { H $ ` m Jh `mjor` J m _ ~r U H _$ | m{ d| { Z Y Hm $ ZaIm d. m o b m V ( A W m~ hr _ y )` na _ y ` m {{HH $$J` `V h . A W m ` r J V m go B V ` $ H d { Z ZY Hm o{$bE AbJ-AbJ, H $r _H s$ n y { V a o{ H o{ $bE m d Z {mH m J `m h . Y $` { d H ` H o {bE C nb V W `dgm` H o {bE a Io JE $ $ Y m $ l o { U ` m { d H ` H $ o{$bE C n bY V W `dgm H o{$bE a Io : m ` JE l o { U | `H mo{ $d { Z Y Hm $Z mw Z| _ y{d { ZZ` m {_X e m - { Z X } e m | nm ` $ H H oA$ Z w g{ mZ aY m ~ m[ aOV_my `a `m C { M _ y ` H oA$ Z w g m a V { H $ J` `m h A m ` o lHo U go g~ ` o g _ hy H o{ $g \ $ m a $r $H { Z b _ y ` gm $ mm d Y {mH Z$ J` `m h A m { Z d _ y ` d { d H m a b H $ bm oooI _| Z ht { b m J `m h . _ y `gmH $ mm d Y hmm n a o ` Z oZ ` o H{ V V yH{ $~mhr _ y ~ m O Hm o~a$hr - _ y H oA $ Z w g m a $ ^ ` ` A H H$ Zn $ m V n [ a d V Va h h . o A { m A m V w Z { Z H _ $m n(E A m a)gr m O mmr a { V V y a{g r X m | pn rU Z a ^ H $_my Z` J a - g m {$ dM{ Y {HY { Z w n( Z m Z - E g E b A m a ) b ZA mV { b I V| mna b my J { X e m - { Z| X $ } A m w ag{mH m `J `m h . H oeZ $ V X Z w, {g O a_ m _ | b _| A m V n w Z { Z _ m mU O mm a r $ n Z r m Z m p a H { V V ya{g r X| Hm $ nm[ a e mZ oV g ~` m o O H Z o{m$b IV | m o $ ^ Y H { bE A m ~ {{ dQ m Ar m p V `$dmsm| V ${ddgHy rbH A $ Z w g m a >` V H o { H $ J` m h , CZ _ m _ |b_| A m V w Z { Z H _ $mng o rUm `m m pn Z { Z d A m V y ` H $ Em o og{ do { Z Y Hm o_ $y Z` H s$ J U mZ H o $ b p_ Zm | { bE A m Y ~mZ m J `m h . a ` X o eHr $ m ` m H ogb$` ~m _|Y^ m a V [ra O d H oV $ ~W {mHd X o e | ` $ p W HV $ m ` m H og b$ `~m_|| Cg X eo H o{ $d { Z ` m | _H Ho{$$Xme m Y { Z X }H e oA $ m| Y na {ad { Z Y Hm $ Zm m o | AHm$A aZ O l o H{ U ` m | m m AO $ _| { d ^ m V{ O H m `J `m h . X or eH $ m ` m| H$ ob{ `dm{ Z Y m Z { $ { Z Z { b ppI W {| V `Am Z O $h m o hO m: V o V _| H ( H )$ ` m O / { V ($n[ a n $ V m ` a m e{g { h )V X o h H m na ` A m 90 { X Zg mA | { Y$H dY H o{ $bE ~ H $ mh `.m a o A { (I) B { e$o Q` a> mr o| g $ ~ _Y|, O h mA V Z w b Z H $ s H V n A Z w n b Y VH$m$ m ea oU` a m |$ `1/- { V H $ n Z r H o H m o _ y X Zm{ H m J` `m h - EooB g { e $o Q` a| >Hm r $ Am Z o O H $ ` $ { d { Z Y _mm ZZO mm E J m . (J) ` {X O m a r H $ mVbrmJ B H $ mF $o U -g wm{~d YH $ - ~ h r am B _ |A Z O H $p h mVJ Bo h - E ropg W _| C gr O m a rmH $ V Am V{

Cost is determined on the weighted average cost method for investments under AFS and H FT category and on FIFO basis (first in first out) for investments under HTM category. ii. The transfer of a security amongst the above three categories is accounted for at the leas t of acquisition cost/book value/market value on the date of transfer, and the depreciation, if any, on such transfer is fully provided for. iii. Treasury Bills and Commercial Papers are valued at carrying cost. iv. Held to Maturity category: Investments under Held to Maturity category are carried at acquisition cost unless it is more than the face value, in which case the premium is amortised over the period remaining maturity on constant yield basis. Such amortisation of premium is adjusted against income under the head interest on investments. Investments in subsidiaries, joint ventures and associates (both in India and abroad) are valued at historical cost except for investments in Regional Rural Banks, which are valued at carrying cost (i.e book value). A provision is made for diminution, other than temporary, for each inves tment individually. v. Available for Sale and Held for Trading categories: Investments held under AFS and H FT categories are individually revalued at the market price or fair value determined as per Regula tor y guidelines, and only the net depreciation of each group for each category is provided for and net appreciation, is ignored. On provision for depreciation, the book value of the individual securities remains unchanged after marking to market. vi. Security receipts issued by an asset reconstruction company (ARC) are valued in accordance with the guidelines applicable to non-SL instrume nts. R Accordingly, in cases where the security receipts issued by the A RC are limited to the actual realisation of the financial assets assigned to the instruments in the concerned scheme, the Net Asset Value, obtained from the A RC, is reckoned for valuation of such investments. vii. Investme nts are classified as performing and non-performing, based on the guidelines issued by the R BI in case of domes tic offices and respective regulators in case of foreign offices. Investments of domestic offices become nonperforming where: (a) Interest/installme nt (including maturity proceeds) is due and remains unpaid for more than 90 days. (b) In the case of equity shares, in the event the inves tment in the shares of any company is valued at `1 per company on account of the non availability of the latest balance sheet, those equity shares would be reckoned as NPI. (c) If any credit facility availed by the issuer is NPA in the books of the bank, investment in

(d)

mm O mr a{ H r$ g^r { V ^Vy _| { d { Z Z Hm o$ A m a a { Y m O m a r H $ V m d{ Z Z Hm $ m Z O ${ H { Z ZY _m m Z m m {m Y A o a d O m E Jm . (K) C n ` w , m d `H [ a d V oZ $m CZ { \ $ ag oe ` a m | A $ $n H gm | W o na ^r b my Jh m oO J hm m Z Y m bm [ ^ emH $ ^ mw J V Z h t { aV Zm { H $ J` `m h . m (L) E o g{ oS > ~ |M a m _|| / { dm { Z SY> m Z| A o { _ H s$ H $ { V ~ , Om m J H o_ $ m ZJE h na A Z O ${ H { Z ZY Hm o d$ hr _ m Z X S > o , d b J |J O m{ do { Z Y na Z my J|h m h . o o m b oV (M) { d Xe op W H $ m ` m H oAb$ Z mO | { dH { $Z Y Hm oZ $m~ | Y V ` g _| m d Y m Z - ` Wd m Z `|r_AmWmd ^ m a `V [ra O ~ d H $ { {Z H $ o_ m Z | X_|O S om>A m{ Y$ H C g H Ao Z wa g{ m m$ J` `m h . Wm $ H viii. a o nV m Wo[ amd g a o nb mo Zo X( ^ m a V[ ra O~ d H $og $m M b { Z { Y oZ ` H W g _ m ` m og O { m (E b E E ) H oA$ YZ b o Z X H o $ZNm >o m o S > H $ a ) Z w dY \$ r H $ bmo I m H $ a U : ( H $ )a o n m o / [a ao dn gHm$ o A Y Z { d H` A$ m H ` $H s$ J B o r a { V ^ y { HV $` gm n m { F $ b Ho Z ZXH o o $$n _| b ooI _ | | m o U $ { b m J `m h &n a EV Hw $ V w d H $ `` / H o Z ZX_ om _ b m | ` _{ b $ H s$ V ha { V ^ y { HV $` m o VV [ { H m `J `m h A m Bag | A m a $ V a H oA$ V a HU $mam o on m o / a[ ao dn IgmmoV E d| V a \ $ m h | m X { d { |>H `mmC n ` m Ho $ oa hVE X e mm J `m h & BZ { d { > ` m | $ J ` H $ nm [ a n $ VH m {s V { W $ m { oV d { V V J `m hH & ` m o $ H { $ b mVJ E A m H $ ` mW o m p V W` m{ ``/Am` H o $ n d ` O $ _| b ooI _| { b m J `m h &a o n I m oV Ho $ es of a m e{H $ m o ` m A Z w g y M( C - Y m [ a Emd a) d g ao n Imm oV Ho $ e o f r 4 ` [ s a m e{H $ A Zo w g y7M ~r - H _|$ O m V W _ m E Jd A n m ( m _| m g y M na m { V `Xa o { eH oV$ h lo U r~ { H $ J` `m h & Z m) V m (I) ^ m a V [ ra O ~ d H $ g m M b {YZ {g _ m ` m g w { d Y m ` W H o$ ZoO (E b E E ) H o A YZ r H $ ` / { d` H J$ B { V ^ y { V ` m | \$ $ $s H $ {md { Z Y I m Z _ o| Z m _ o {/ O _ Jm`m h A m C aZ H $ m o o V H $ `m b o Z ZXHo s$n [ a n m$ V s$ { VW{ na { V d { V{ H $VJ m H ` `m h & na ` `/A { O ` m H $ ``/Am` H o $$n _ | CZ V O m o b ooI _| { b m J `m h & ` 3 F $ U /A {_ ma CZ na m d Y m Z JA 3.1 F $ U Am m| A a{ J _ m$ dmJ u H U ^ m a V [ ra O~ d $m Oa mr { X e m H | $a ` H ma { Z X }H e oA $ m Y na Aa O AH m$A aZ O F $ U$Am m| A a{ J H mo $n _ | m| m H _ $| { H $ J m h . F $U A m p VCZ` m_ m _ | b _| A Z O $(E Z n rE~ Z ` `m m H ) O mr V O h m : h, i. g m dY{F $U H $ og ~ _ ,| `m V W/A Wm _ y b Z H s${ H $ V Y O m d Y 90 { X |ZgomA { Y$H dY H $ o{ bE A { V `Xa o V h & A { hr ii. A m o d a S `m> Z H $ X>U FA { J H o g$ ~ _| I m m A g `V m Q - $ _ Y V ( A m C AQ m> A\ $m S h >Va hm, A W m` {X V H $ me ofma m { e a ) ~ ` { Z a a 90 { X ZH m$ A d Y H o{$bE g d r Hgr _ m /A m h a U V |s { $V A { Y H go m { Y$ H m O o m r V , `m H $ m^ro aBm e{V w b ZHn $ s a$A h h { V { H $ {m Z o a 90 { X Z H m o{| $bE O _ Z ht h A Wm d ` o W a V m O _ m a m Ceg` m d { H oX $ m X m`o Z` m H $ ^mw J V H $ a Z o { rAY a O Zm H o{ $bE A n ` mV h ; iii. H $ `H $J E / ~ > m{ H b m Vog $ ~ _Y, {~b 90 { X ZHm $ |s { E ~ $H | | A d Y go A { Y$ H { V ` Xa oh o h ; { A V
3.

any of the securities issued by the same issuer would also be treated as NPI and vice versa. (d) The above would apply mutatis-mutandis to preference shares where the fixed dividend is not paid. The investments in debe ntures/bonds , which are deemed to be in the nature of advance, are also subjected to N PI norms as applicable to investments. In respect of foreign offices, provisions for non performing investments are made as per the local regulations or as per the norms of R B I whichever is higher. ,

(e)

(f)

viii. Accounting for Repo/ reverse repo transactions (other than transactions under the Liquidity Adjustment Facility (LA F with the R B I) ) (a) The securities sold and purchased under Repo / Reverse repo are accounted as Collateralized lending and borrowing transactions. However securities are transferred as in case of normal outright sale/ purchase transactions and such movement of securities is reflected using the Repo/ Reverse Repo Accounts and Contra entries. The above entries are reversed on the date of maturity. Cos ts and revenues are accounted as interest expenditu re/income, as the case may be. Balance in Repo A/c is classified under schedule 4 (Borrowings) and balance in Reverse Repo A/c is classified under schedule 7 (Balance with Banks and Money at Call & Short Notice). Securities purchased / sold under L AF with R BI are debited / credited to Investment Account and reversed on maturity of the transaction. Interest expended / earn ed thereon is accounted for as expenditure / revenue.

(b)

Loans / Advances and Provisions thereon 3.1 Loans and Advances are classified as performing and non-performing, based on the guidelines issued by RBI. Loan assets become non-performing assets (NPAs) where: i. In respect of term loans, interest and/or instalment of principal remains overdue for a period of more than 90 days; In respect of Overdraft or Cash Credit advances, the account remains out of order , i.e. if the outstanding balance exceeds the sanction ed limit/drawing power continuously for a period of 90 days, or if there are no credits continuously for 90 days as on the date of balance-sheet, or if the credits are not adequ ate to cover the interest due during the same period; In respect of bills purchased/discoun ted, the bill remains overdue for a period of more than 90 days;

ii.

iii.

3.2

3.3

3.4

3.5

3.6

A n mYd \$ g b |m $ o{ bE H f $A { { J | H $mog ~ |, O h m y b Y Z { H _ Y_ _ H ${ sH $ ` mV ` m X m\ $ og b - F $ V |w A{ m A { V ` Xa oh oVh ; O H o $bE v. X r K m \$ g b |m o{ bE H $A { {f J H mog $| ~ Y O h m y b Y Z d{Y $ H _ _ |, _ `m ` m E H \$ g b - F w V o{ $bE A { V ` Xa oh o h . O $ $H V A Z O $A H{ J | _H m$ ^m mo a V [ra O ~ d H $ m {a Zm Y m { Z[ a Z { b p IV ` V _ m Z X H oA $ >m mY |na A d -_ m Z, H $ { X A mYh a { Z A X p V |` m | S ma g m m _ d J u H { $HV$ J `m h : `m i. A d - _ m $ : H $ mF $oU BA m p ,OV m12 _ h r Z| `m C gog H $ _ ZH o m A d Y H o{ $bE A Z O ahHJ $ h & { B ii. g { X :H Y$ mF $ BA m p ,OV m12 _ h r Z H $| A d { H o{ $b E U o o m s Y A d - _ m $ d J _| ah J B h . Z H iii. h m {X : H $ mF $U BA m p ,{V g| _h m {HZ $ nmV m J `m h Z o O Mb { H $ Cg V a w e{H $ n m y oU ~ V I` >m ooV_| Z ht S > m Jb`m h . m m m A Z O $A H p | V $ `o{mbE m d Y {md { Z ` m _mH { Y H| $ am UaZm Y m [ a V m H Z $ { d V _{ m Ze m - { Z X }Ae$ m w g m a JE{ hHA E ` oa { Z Z { b p IV X H o Z | $m ` y Z m d Y _mm Z XH oA$ YZ { H $JE h : _V Z S>r E A d - _ m $ H m p V ` m i. 15% H $ gmm _ m d Y m Z ZA : ` m ii. F $U O m m ^a g o o hr A { VV^ h , H o{ $b E y 10% H $ A { V [$a m d Y m Z m ( O h m { V V yH{ $ dmg yb ^ r _ y m a g o^hr 10% g o ` A { Y$H h h ) Zt iii. B \ $ G U IQm V ,m M|h m m$ > O a H w ~$ M d C n m O gE o H $ m o N >m , ` I m oVA mX {C n bY h g o , g ~ { Y{ V ^ y { V - a { h V V F $ U -2 % 0 g { X A mY p V ` m : - { V V y mJ : ^^ i. E H d V H $ -2 5 % $ f ii. E H go V Zr d V H $ -4 0 % $ f iii. V Z d go A { Y H $ -1 0 0 % r f - A { VV ^ mJ ^y 100% h m { Z A X p V: ` m 100% m { d Xe op W H $ m ` m H ogb$` m _ Y| G $ U Emd | { J _H m$ dm J u H $ a U V ~ | A | A m Aa Z O H $ HA o{ $Jb E_ m |d Y m Z , m Z rd`{ Z ` _AmW d m m W { | ^ m a V [ ra O~ d$ HH $ o_ m Z | X_|O Som>A m{ Y$ H $ R h>, m $ oA Z wa g{ m $ ` m ` H a H H J `m h . A Z O $A Hm p | VH ` om$d H ` H$ $ ^m mo a V [r a O ~ d H $ m {a Z Y m [ a V { ` m { X e m - { Z H o}A$e Z w| gbmo Ia o_ | { b ` m J ` m` { X { d H _$y` ` X m h , { Z d ~ hr _ y go H _ h , V mBgo H $r_H $ b m^ E d h m {I Z V H o o $ b ` $ m o m Z m {_ Ho $ O mm V Am m `{X { d H ` _$y { Z d ~ hr _ y g o ` m h m ` h a ` b ` X , V mA o{ V $[ a a m e{H $ A { d m A m p | V `o{m$d H `na$ h m d m ob r m `o `r H oZ H $ _ r / h m {$ nm y oaH m $ a HZ o{ $bE aI { b m J `m h . { d { > m d Y m Z m | ZH ` e V W ^mm a V {r Z ` m F$UV J m a { QZ _ r( B g r O) rgo r m X m dH m$ m o ` > J g | K Q >nam eZof o a m e{H $ {mZ od ~ hr _ y H $ hJ mm h . b ` ` A { J __ mg | o { d { e F $ Un a { H $JE h m { Z X m A m Z m |, | > E dY m ` m ,O ^ m a V {r Z ` m F$UV J m a {QZ _ r( B g r O) rHg r$m X m d m | ` >J o A m ~ a > m { H b| m V$ Km Q o {> Xm ` J `m h . ~ $H m
iv.

In respect of agricultural advances for short duration crops, where the ins t alment of principal or interest remains overdue for two crop seasons; v. In respect of agricultural advances for long duration crops, where the principal or interest remains overdue for one crop season. 3.2 NPAs are classified into sub-standard, doubtful and loss assets, based on the following criteria stipulated by R B I: i. Sub-standard: A loan asset that has remain ed non-performing for a period less than or equal to 12 months. ii. Doubtful: A loan asset that has remained in the sub-s tandard categor y for a period of 12 months. iii. Loss: A loan asset where loss has been identified but the amount has not been fully written off. 3.3 Provisions are made for NPAs as per the extant guidelines prescri bed by the regulator y authorities , subject to minimum provisions as prescribed below: Sub-standard Assets: i. A general provision of 15% ii. Additional provision of 10% for exposures which are unsecured ab-initio (i.e. where realisable value of security is not more than 10 percent ab-initio) iii. Unsecured Exposure in respect of infrastructure loan accounts where certain safeguards such as escrow accounts are available - 20% Doubtful Assets: Secured portion: i. Upto one year 25% ii. One to three years 40% iii. More than three years 100% Unsecured portion 100% Loss Assets: 100% 3.4 In respect of foreign offices, classification of loans and advances and provisions for non performing advances are made as per the local regulations or as per the norms of R B I whichever is more stringent. , 3.5 The sale of NPAs is accounted as per guidelines prescribed by R B I If the sale is at a price below net . book value, the shortfall is debited to the profit and loss account, and in case of sale for a value higher than net book value, the excess provision is retained and utilised to meet the shortfall / loss on sale of other financial assets. Net book value is outstandings as reduced by specific provisions held and E CGC claims received. 3.6 Advances are net of specific loan loss provisions, unrealised interest, E CGC claims received and bills rediscounted.

iv.

3.7 n w Z g a M Z m {J ZV Y/ nmwAZm[ ap V| V `o{m$bE m d Y ^mm a`V [ ra O d : H Z ~ H $m Oa mr {a X e m - { |Z HX oA} $eZ mw g{ m $JE h { O Z `h A n o { jV H aE , | _ h { H $ n w Z Hg on $h ob ZE md ~ m H oF$ $U H oC$ { M _ y` H $ As V a aM X V a m e{ H $ o g ~ _| A Z O $ AHm p | VH $` om{ bE { HE$ JE m d Y m$ o Y ZH A { V [ a$ d Z {mH m J` `m h . C n a m Ao m p | V `Cm VC { V _ y ` m Y $ $ go M _| H $ _E r C g {VO `m H $ o m d Y Hmo$ Am { J_go K Q m Jm`m` h . d O Z > 3.8 A Z O $AHm p | VH $` om $n _| d J u HVF$ $ I m V| H $ o _ m _ b_ |, U m o { d { Z ` m | _ Hm ${amm Y m {X [ ea m - { Z HX oA $eZmwn h $m naZ hr { H $ g r Z V | } o o I m oVH $ Am Oo I H $VH o o $$n _| n w Z d {J uH H$ O mmgV H $ Vh . m ` $ m 3.9 n y d dd f V _|u}~ I >m ooV_| S > mJE oF $ U H m o~| $X obd g yrb J B am e {H $ m m b { Z Y m Ama HU o $$ _| { H m J` `m h . ` n $ 3.10 A Z O $A Hm p | Vna` m d {>e m d Y Hm oA$ { V [$a _ m Z H $ p V ` m | { Z Am H o {$ bE ^r g m _ `m m d Z m H E$ JE h `o m d Y V w b Z H $ s Y{ . Zm n A Z w rg 5 M o" " A X o ` V Am m E m d Y - A `' e r H oA $ V J V yH $ ` a Z m ' f X { V A m B a {hZ d A Z O A H $p V `$JmsU| m _| e m {b_ Z h t eh |b m H Z { H $ J` `m h . m 4.

3.7

For restructur ed/rescheduled assets, provisions are made in accordance with the guidelines issued by R B I, which require that the difference between the fair value of the loan before and after restructuring is provided for, in addition to provision for NPAs. The provision for diminution in fair value and interest sacrifice, arising out of the above, is reduced from advances. In the case of loan accounts classified as NPAs, an account may be reclassified as a performing asset if it conforms to the guidelines prescribed by the regulators.

3.8

3.9 Amounts recovered against debts written off in earlier years are recognised as revenue. 3.10 In addition to the specific provision on NPA s, gene ral provisions are also made for standard assets. These provisions are reflected in Schedule 5 of the balance sheet under the head Other Liabilities & Provisions Others and are not considered for arriving at Net NPAs.

A W m ` m d Y m Z r ~ H_| $ { J ,_{ m {| Z Y V W gmm | _ m m` o OH Zo{m | n W H $ oA W m ` r 4. Floating Provisions A d m Z m ` $bE $n g m d Y m oZ $mZ | E C n ` Jm ho o V H Z rV b my Jh . g Z { H $OE m dZ moo bB Z H g O d Ew { $ O The bank has a policy for creation and utilisation of floating A W rm `m d Y mH Z$ _mm | H $ {mZ Y m a` oU H $ d f {H d oA$mV _| { H $ ` m s m provisions separately for advances, investments and general purpose. The quantum of floating provisions to be O m h . m A W r m m d Y m $ZCmmn `| m ^om a `V [ ra O~ d H $$n s y dA Z w _ { V V BZ ` H J H go Z rV _| { Z Y m A g[ m VY mn a a p W | {H VoA$m Z { g \ A $m H $ p _ H $ V m A m | created is assessed at the end of each financial year. { a U [ ` Yr The floating provisions are utilised only for contingencies H o{ $bE hr { H $ J` `m h . m under extra ordinary circumstances specified in the X o e d m $ U -O m _ p I o{bE m d Y m Z aF oH $ A m V d J u HU$ H $p s W H{ VA $ Z w { $H n $JE { d { > m d Y m oZ $m V [ a $ 5. p a o E e H A{ | n W XH o $e d F $a O m o_p( I{ Z rO X e H $ m o N H> m{$bE m Hd Y {m)H $ E mU o o o S > Z$ a JE h BZ X o eH m $ d|mJ u H U g m O m _ pl o { U | ` m Z J ` H $ ,_g m _ m ` , . $a V o I Wm , A { Y HA$ ` { Y, H {$ V ~ V {EY F $U _| e m {b_ Z h m d m oobd J m_| { H $ ` m , d oZ ] J `m h , V W `h m d Y ^ m a `V [r a O ~ d H $ d V _{ $m Z m - { Z X o} $e m | m Zm H o Xe H A Z w ag{mH m `J `m h . ` {X ` o H $ g o g X ~o e { ~Y VHH $ $ X o e d m $a U $ m F O m o_ p({Z db H w { Z { Y A m p | VH $`om go A { Y$ HZ ht h m m o hV , I ) $b H$ 1% Vmo E o g X o e d m $ O m o_ p na H $ m omB d Y m h a Im O mm Vh . `h aFU I ZZt m d Y V w b ZHns$A Z w rg 5 M$ o"A X o ` V Am mE m d Y m Z -' A r `H $ o mZ yH ` a e f A V JXe Vm `m h . m J ` S o > a r d o :{ Q > g 6.1 ~ $ HV w b ZHn $ s / V w bB ZaVnA m p V `mmX o ` V | m $ A bE ~ M m d | A a H o{ m 6. `d W H $ a `m oB Z HH o $ $ ` - { `d HH o $`$m o O o S o > a g d o{ {d Q >m g m Z Zg r X E O og{ d Xr o _e w { dmH $, n` m Xa { d { Z _ `_ w { dm { Z _ `n a n a O , , _ wm ` m Xa { d { Z`_A m d m m` XXa H $ aa {mZ n m H X$ m h . V w b Z n O a V{ aV H $As m p VA `mm X| ao ` V mH A{ $bE |~ M m d - `d HW$ a HZ o $` m o O Z o m m g o{ Z n m H X$ OV m dZ m rb{ d { Z` _g { d XBg E H $ V a` m a$Os m V r { s o m m H h {VHw$ b Z H $ A V { Z X{ hmHV|$ ^ m { V H yA$ ma { V n s _ m d b g V w b Z hHm $BomZ Sa ro > a r d{ob{IV | >H d $ m^ m A V { Z A m{ hp V V ` m | . Q m d H oH $ $ ` - { d na $ ^ H $a a hV Am m B ag ~ M m d - ` d bW I m H $ a U `H {Z o m o { g m H oV $ m w agb moI _| { bm` O m V . AZ| o hm 6.2 ~ M m g d { d X m A $$n _| d J u HVS $o > a r dg o {{ Qd > dmH A mm o| o d Z H o m| X $ m A m Y na A { H{ $H V$ J` `m h . ~ M d g { d X m AJsU m V~ V H $ ma m m H $ mZ | ~ m O Hm$ o~ hr _ y H $ oA Z wa gZmht H s$ O mr V V $H { H A V { Z { h V a ` O~ $ A m p V ` m ~/ X oO`HV$ o~ hrE _ y H $ oA Z wa gA m {VHZ $H s $J B h m |. m a mm `
policy with prior permission of Reserve Bank of India. Provision for Country Exposure In addition to the specific provisions held according to the asset classification status, provisions are held for individual country exposures (other than the home country). Countries are categorised into seven risk categories namely, insignificant, low, moderate, high, very high, restricted and off-credit and provisioning made as per extant R BI guidelines. If the country exposure (net) of the bank in respect of each country does not exceed 1% of the total funded assets, no provision is maintained on such country exposures. The provision is reflected in schedule 5 of the balance sheet under the head Other liabilities & Provisions Others. Derivatives: 6.1 The Bank enters into derivative contracts, such as foreign currency options, interest rate swaps, currency swaps, and cross currency interest rate swaps and forward rate agreements in order to hedge on-balance sheet/off-balanc e sheet assets and liabilities or for trading purposes. The swap contracts entered to hedge on-balance sheet assets and liabilities are structu red in such a way that they bear an opposite and off setting impact with the underlying on-balance sheet items. The impact of such derivative instruments is correlated with the movement of the underlying assets and accounted in accordance with the principles of hedge accounting.

5.

6.

6.2 Derivative contracts classified as hedge are recorded on accrual basis. Hedge contracts are not marked to market unless the underlying Assets / Liabilities are also marked to market.

7.

6.3 { g d mC n ` w H o $g^r A `S o > a r d go { {Qd >X dCm E m _o| M { b V , J g m _ m _ V `b o I m H ${ ag m H VA$mZ w g m a H ~ o~$hrO _my ` m`m U o | m a H oA $ Z w gAm a{ H H $ $VJ sB h . ~ mH O~$hr _ y H oA$ Z wa gAm { H $ V o m a ` S o > a r dg o {{ Qd X dm oA $m~ |_| ~ m O _my` _| n [ a d V, [Za d V H $ s > H g Y a n Z A d { Y_ | b m ^A m h am {I Z V _o| e m { _ b H $ JE h S o > a r d o { Q > d m { E . g { d X m A $ m V| Jm V a` m { eO , m90 { X Zg mA | { Y$ H { V `Xh o , H oA o o A H $ bm m^ A m h am {I m Vg oo" " C M I m VV Hm w m ' `'_| { V d { V V o Z $b { H $ J m h . E o g_ om _ |b _| O h mS o > a r dg o {{ Qd X ^m{ d` _| A m a ` `m m >d E A { Y$ H{ Z n Q >H moA dg X m HZ $ a Vh rA m ` {X `h S o > a r d o { Q > d $Z a a g { d A { V `X om ` a m { e| H` mo90 { X Zg mA| { Y$ H V H A$ X m Xm $ o g_` a h Z Ho oH $ $ m g _ m Z h m J o`m h m V , m^ m d A m J _ gmo g| ~ { Y V aU o o r Y Z m E H Q > r HE _ ^ro b m ^A m h am {I Z V goo " " C M ImV V m __ $ $m m Y Z m $ E _ Q > r' E_|_ ' { V d { V H $VO mm V . _H { ` hm 6.4 g X `mm m A m Zr{_` A m He ZA d Y H $gs _ m{na b m ^ e _ $s { A m h a {I Z V o A _ {| H{ $H V$ J m h . { d H ` { $HE$JE A m en Z m | m m ` `m a m r{_ _ A m a H JE A {mH $ Eena gm | X r{_` H $ es o f ` $` Z m _ a m e{H $ \ m m a Ao m go Xd aH $ m CA mQ > aeH Zo{$bE ~ m O _ y a n a $ m| m ` n [ a H Z bH $ a ~ hro $_| e m {b_ { H $ J` `m h . $ H m 6.5 g m HX om $ ` o go ~ m O (E g M )|O H $ ` - { `d { HE$O m dZ mo b o C | am _| H S o > a r d _| { {QH E$JE {| d { Z Z Hm $ E o g M | m Xa mr M { b V o >dm Y m O JB ~ m O Xm aa H o|A$ Z w g_ my a ` m {{ HH $$ JVm h A ma n [ a U r m b_m ^ m ` `m V W h mm {H Z $ bm m^ A ma h mZ {I m oV_| X e m `mmh . o J ` A Mb A m p VA` ma _ y ` g : m 7.1 A Mb A m p | V `$mm { M_ y ` mgo H _ b mVJ na A H {$ HZ $ ` m H g V g $ 7. J `m h . 7.2 b mVJ _| H ` $b mVJ V W gm_ ``, O g o {WH m$H Z$ V ` m a r , V s g WZ m m |J VA ma A m Vp na C g H $ n ` m Ho $ a gZ o on y dd H $ s bn mC J hZ J B `d g m \$ sg e m { b h C n ` m Ho $ Js B A m p | V ` m hZ { H $ E ` _ . J na d JE A Z w ud`` H $ H oo $b d r^ n y O r{HH $ $JV`m h , O~ `o `` V m V `m BZ A m p | Vgo` m m o od Zmo b^ m rd b m^ H o$ m`m BZ A m p V H m$ h | `s ` m d h m j_ V $ H $ ~ m To > h m .V o [ a Hm 7.3 BZ X or en [ a M m| Hb Zog m ~ _|Y_ y ` gm $Xs aA| m _ y ` gm ooI _ | $ H a b { X I o HZs$n V{ H $ {md dU { Z Z m Zh w g m a m a : H $A Mb A m p | V ` m _ _ y ` m g _ y ` m g / g . H $ {md dUa b ooI _| { X Im Z n [ a e m o Y Z o H $ ns { V Xa 1 H $ E ` dy EQ Q> >a r E _ g r Y H $ Q > m 33.33% r V r n V{ {V d f 2 h m S H > oA$ { a d o^ ` m V g_ y` { 6 0% A J H $n _| e m { _ o$ b n {V H $ g ` my Q >Q a > d o ` a 3 h m S H > Ad$ { ` aA J o o^ A {^JhU H $n _| Z e m { _ o$ b d _| 1 0 0 % f H $ g ` my Q > Qa > d o ` a _ y ` m g 4 31 _ m 2 0 1 V H M 0 $ g r Y H $ Q > m HV r $ A Z{ Y { Z `_ r n r { d m n r na o ` > nV { 1 9 6 H $ oA Y rZ 5 X rJ B A m p V ` m { Z Y mX an [aa V 5 A A M A m p V ` m m V g_ y` ` b { A m `aH{ $Z ` _ nV { 1 9 2 H A$ Y rZ 6 o { Z Y mX an [aa V

6.3

Excep t as mentioned above, all other derivative contracts are marked to market as per the generally accepted practices prevalent in the industry. In respect of derivative contracts that are marked to market, changes in the market value are recognised in the profit and loss account in the period of change. Any receivable under derivatives contracts, which remain overdue for more than 90 days, are reversed through profit and loss account to Suspense A/c Crystallised Receivables. In cases where the derivative contracts provide for more settlemen t in future and if the derivative contract is not terminated on the overdue receivables remaining unpaid for 90 days, the positive MTM pertaining to future receivables is also reversed from Profit and Loss Account to Suspense A/c - Positive MTM.

6.4 Option premium paid or received is recorded in profit and loss account at the expiry of the option. The Balance in the premium received on options sold and premium paid on options bought have been considered to arrive at Mark to Market value for forex Over the Counter options. 6.5 Exchange Traded Derivatives entered into for trading purposes are valued at prevailing market rates based on rates given by the Exchange and the resultant gains and losses are recognized in the Profit and Loss Account.

Fixed Assets and Depreciation 7.1 F ixed assets are carried at cost less accumula ted depreciation. 7.2 Cost includes cost of purchase and all expenditure such as site preparation, installation costs and professional fees incurred on the asset before it is put to use. Subsequent expenditure incurred on assets put to use is capitalised only when it increases the future benefi ts from such assets or their functioning capability. The rates of depreciation and method of charging depreciation in respect of domestic operations are as

7.3

Sr. Descriptio of n Method of Depreciation/ No. fixed assets charging amortisation depreciation rate 1 Com puers & ATM t Straight Line 33.33 every % Method year 2 Compu software ter Written Down 60% formingan integral Value part of hardware Method 3 Compu Software ter 100% depreciated which does not form in the year of an integral part of acquisition hardware 4 Assets given on Straight Line At the rate financiallease upto Method prescribed under 31st March 2001 the Companies A ct,1956 5 Other fixed assets Written down At the rate value method prescribed under

the Income-ax t Rules, 1962

7.4 d H oX $ m X mor en [ a M m| b Z m A m p | V `ogm$ ~Y _| _ y ` m g f a Z go H 180 { X ZV mH $` w$ A m p | V ` A Y Hd fo{ $bE V W 180 { X Zg m | | na m m o A { Y$ H ` w$ A m p |V ` m y ad H o{ $bE b ooI _| { X Im J `m h , na n of m` O ~ {$ H $ `Ay m g> ma m Q| >na o_ `ya ` gm Bg A m V H $ Cm n ` m o J H Q a d p H $ a HZ $oA d { go { Z a jn no y da H o{ $bE b ooI _| { X Im J` `m h . s Y fo m 7.5 E or g_ X { O Z _ ` o H $ _my `1,000/- go H _$ h m C o H | $ ` | | go $ ` h d _| hr ~ I >m ooV_| S > bm{ Xm` J `m h . f 7.6 n > m n H[ a g|$a go g ~ n >r{_`_ ` {X h m Ho , $ m o A d { n a V m m , nY> m n [ a e m V { Y m `J `m h A m n a >{ m $ a Hm $ ` C go d f H ob$ooI _ | o H$ H mr o { X Im J `m h . m` 7.7 ~ H $m 31m _ m M H $ `m C gog n y dn na oXr J B A m p | V `om$ a 2001 m o > H g ~ _| n na oXr J B A m p | V `o_m$y H $ n m o > mA Hm p$ VV `om$ n Y > H ` |H $ _| A M A m p | VH `oA$ V JX e Vm `mmh A m d am { f n H > $w H $ b m J ` em (n y O r- d )g y b r_ y ` mH oA$ aVH $ nm o >g m m Z r U b ooI _ | Ed g _ H $a { b m J `m h . ` 7.8 { d Xe op W H $ m ` m _| Y `mmV[ |aA Mb A m p | Vna` m y ` gmH $ m V b _ m d Z gm ~ V{X Y o e Hm o| $W m Z d `{ Z ` _ m |/ _ mH ZoAXZ wSa g> m $| ` m Y {r $ {H m J `m h . 8. n >o 8. A m V d J u HU$ A m A a{ J H mo{ $bE b my J m d Y m U _r Hm $Z a X H $SCm>n m m| o $ p a _ | Z a n a 3 _| { X JE { X e m - { Z HX oA $eZmw a g{ m `m nr _| m | ` m o{ JH $ J` `m m E | } d > ^r m h . A m p |VH` m A n g m _ m ` V m s$ 9. O~ H $ r^ K Q > ZA mWm d p W { |V `nm[ a d Z `h g H oX $ oVhV {o H {$ H $ g r E _| V A m Vp H s$ A J m Za rme { H s$ d g y r g { X h ,Y m E oorg p WV { A M b V b V _| A m p | VH `s$m n g m _ m h o` Vg_ rj H s$ O m r V . Y m V[ aA ma ` mJ oH $ s A V wm h O m dZ m rbA m p V$ds g yb h m n om E `m Z h B g _o m n HZ oo{ $bE A m V o $ o H r rJ t pH A J mVZ_ ry ` H $ V w b A m p Vm Amn o V j ^{ d `J {Z d ~ > m H $ V s Z a { V b Z H $r X d m g o V w b Z m a H m $ H s$O m r V . ` {X E or g A m p |VH ` $mm o h H $ k oV h A n g m _ m `o`V$m o n m` ` O m V ,mV mA on g m _ m `$Vm m n - A { ^ k m Z mH m h mH _ Cg A { Y$H m e{H oA$ m Y na {a H $ `O m m Vh m A m Vo oA$ J m Z ry ` a m O pH V_ A m C ag H Co { M _Vy H o~ $rM H $ Am aVh . $ `

7.4

In respect of assets acquired during the year for domestic operations, depreciation is charged for half a year in respect of assets used for upto 180 days and for the full year in respect of assets used for more than 180 days, except depreciation on computers and software, which is charged for the full year irrespective of the period for which the asset was put to use.

7.5 Items costing less than `1,000 each are charged off in the year of purchase. 7.6 In respect of leasehold premises, the lease premium, if any, is amortised over the period of lease and the lease rent is charged in the respective year.

7.7 In respect of assets given on lease by the Bank on or before 31st March 2001, the value of the assets given on lease is disclosed as Leased Assets under fixed assets, and the difference between the annual lease charge (capital recovery) and the depreciation is taken to Lease Equalisation Account. 7.8 In respect of fixed assets held at foreign offices, depreciation is provided as per the regulations /norms of the respective countries. Leases The asset classification and provisioning norms applicable to advances, as laid down in Para 3 above, are applied to financial leases also. Impairment of Assets Fixed Assets are reviewed for impairment whenever events or changes in circumstances warrant that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net discounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognised is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset.

9.

10. { d X o e w {d{Z_ Xa _| C V m a - M d HT $>^m d r_ m ` mm 10.1 { d X o e w b o Z X o Z r_ m i. { d X ro_e w omZ X H o $Zbm o oZ XHo $Z{s V { HW $ gm y o{VM_ w m a b Am { d X ro_ ew H om $rM { d { Z` _X aH ${ sd X o_ ewr a mme {H o `$ m o J ~ m ga ym{VM_ w m m a {{ ^ZHY $ m na Xa U { H $ J m h . _| O ` `m ii. { d X ro_ ew mm { _ X H H $ $| g s y M ^ m a `V {r d X ro_ ew ` m n m a r _ m Zm m g K E \ $ B S > rHE $As { BVV_ ) H $/m d bm mXX a Hm $ |m` m o J ( m ` H $ a X ro $ h B H J . iii. { d X ro_ ew am_ m { _ X H mO |,mA od { Y J b m V H oA $ m Y nma a J $ V J br J B h H $gs y M bZ omZ XH o ${ sV { HW $ mMo {V _ w { dm{ Z _ ` , Z b X a Hm $| m` mJ oH $ a X ro $ h B. H J iv. { d X ro _e wm _| _ y ` m V A H $H $ $p _oH` V mH A$ g y M Z m { m X | sm E \ $ B S >Hr E$AsA m{_ VV H b$Xa H $ m` mJ oH $ a X rJo B$ h . B m H v. `dgm H o{ $bE aIr J B ~ H $ mV ` H ${ m X o _ e wr dm{ Z _ ` ` m db { V W d mm ` Xg m { d X m A BmmZo | H {$Zs Y m n[ a[ an Vm V o{$b E H $ $ H

10. Effect of changes in the foreign exchange rate 10.1 Foreign Currency Transactions i. Foreign currency transactions are recorded on initial recognition in the reporting currency by applying to the foreign currency amount the exchange rate between the reporting currency and the foreign currency on the date of transaction. Foreign currency monetary items are report ed using the Foreign Exchange Dealers Association of India (FEDA I) closing spot/forward rates. Foreign currency non-monetary items, which are carried in terms at historical cost, are report ed using the exchange rate at the date of the transaction. Contingent liabilities denominated in foreign currency are reported using the F EDAI closing spot rates. Outstanding foreign exchange spot and forward contracts held for trading are revalued at the exchange rates notified by F EDAI for specified

ii.

iii.

iv.

v.

E \ $ B S> r m Aa {mY Bg y {_ Mm { d { Z`_X a| na n w Z _ y ` m { H $ V EA V w m { H $ J m h A m n [ a U mb_m^ `m h mZ{H $ bm m^ A m h m { Z ` `m a r o a I m oV_| e m {b_ { H $ J` `m h . m vi. { d X ro _e w d m mXg { d X ,mO Am `dgm H o{$bE A n o { jV ` mo | ` Z ht h A m Va w b ZHn ${ sV { HW $ ~m H o $ mh m $Am {_ V H $ m b ` H, V Xa na _ y ` m { H $ Z m h . E or gd m `mX{ d { Z`_g { d H om $ J `m ` X m a g o^C r{_ _ `m ~ H> $o gm o{ d H $mns [ a n m V d { Y V ` X $A H o`` `m A m H o $$ _| n [ a e m Vo { H m J `m h . $ ` n Y$` vii. _ m { _ XH m$ o|{ $Z Y m g C a {Vd { Z`_A aVa m { e H m$ C Zo H o U |` m X a mO | ,mX o a Ao m a ^ X O H $o s W Bt { ^ X a m | C g g J , go na A d { Y { O g|_` o X aC| h V h H $A m `m `` H o $$n _ | , B , s ` { Z Y m {H [ $a J`Vm h . `m
viii.

maturities, and the resulting profit or loss is recognised in the Profit and Loss account. vi. Foreign exchange forward contracts which are not intended for trading and are outstanding at the balance sheet date, are valued at the closing spot rate. The premium or discount arising at the inception of such a forward exchange contract is amortised as expense or income over the life of the contract. Exchange differences arising on the settlemen t of monetary items at rates different from those at which they were initially recorded are recognised as income or as expense in the period in which they arise. Gains / Losses on account of changes in exchange rates of open position in currency futures trades are settled with the exchange clearing house on daily basis and such gains / losses are recognised in the profit and loss account.

vii.

_ w d m `mX ` m na m { d X ro _e w X m H $| As m a {p ^HW $ _ |V m _| am { h E n [ a d V| H $ m $ U h aE b m ^ /h Z H {o$ {md X ro_ ewm g _ m e m o Y Z Z oH m m J h go { V Z X Z Y m {H [ $a O mm V A m Bg b m ^ /h Z H{ $ m o {{ `V h m a m b m^ A m h a {I m V_|o e m {b_ { H $ J` `m h . m Z m

viii.

10.2 { d X o e [a M m b Z rn ~ $H H s$ { d Xe op W e m I m | A Am ma g _ w n m~ a rq JH B$ H $ m HB $` mm o V ` | A g _ m H $ {n b[ a M m bH Zo $$ |n _ | d J u H {$HV $ `J mm h A m a{ V { Z { Y V m ` H $ m ` m H $ gm _` m |HV$ {n b[ a M m | b Zo m _| d J u HV { $H m J `m h . b om H $$n $` H $ A g _ m H V { n [ a M m b: . $ b Z


i.

10.2 Foreign Operations Foreign Branches of the Bank and Offshore Banking Units have been classified as Non-integral Operations and Representative Offices have been classified as Integral Operations. a. Non-integral Operations: i. Both monetary and non-monetar y foreign currency assets and liabilities including contingent liabilities of non-integral foreign operations are translated at closing exchange rates notified by F EDAI at the balance sheet date. Income and expenditure of non-integral foreign operations are translated at quarterly average closing rates. Exchange differences arising on net investment in non-integral foreign operations are accumulated in Foreign Currency Translation Reserve until the disposal of the net investment. The Assets and Liabilities of foreign offices in foreign currency (other than local currency of the foreign offices) are translated into local currency using spot rates applicable to that country. Foreign currency transactions are recorded on initial recognition in the reporting currency by applying to the foreign currency amount the exchange rate between the reporting currency and the foreign currency on the date of transaction. Monetary foreign currency assets and liabilities of integral foreign operations are translated at closing exchange rates notified by F EDAI at the balance sheet date and the resulting profit/loss is included in the profit and loss account. Foreign currency non-monetary items which are carried in terms of historical cost are report ed using the exchange rate at the date of the transaction.

A g _ m HV$ { b X ro ne [ a M m bH Z$ m m o_ Zm m { | m Ja d Xs | A H $ a _ m { { dHX $ro _e w A mm p VE `dmX | o ` V mV AW mAm|m H $ p _ H $ X o ` V mH A$ Vm wo| b Z {nV { HW $ \ mo $ o S > mB A m{ Y g y {AM { V _ m a V { d { Z`_X a na | $ n m {VH[ a$ V `m h . m Jm ` A g _ m HV$ { d X rone[ a M m H Z$Am m| E d `` H $ {mV o_ m h r b b s` H s$A m V gA { VXa na $ n m {V H[ a$ V `m h . _ J` m { Z d b{ d { Z Y Hm $Z{m Z n Q >h m ZVZ Ho A g _ m H $ {{ bd V o e r o $ X n [ a M m| b ZC mV { d { Z`_A V a - a m| H{ e$ gmm MZ `{ d X o e r go ` _ w $mn m A m U {r j _| { H $ J` `m h . Vaa V m { d Xe o W H $ m ` m H $Abs `mm p| V `mmX |ao ` V m A{sm X o e r p V A H$ d | _ w { md Xe o W HV $ m ` m H $ bs Wm m` Z wr H mA$ b m d m $ m o ( p ` | _ o )H Cg X eo _| ` m `o H b$X ma H $| m` mJ oH $ a W $m` Z wr | m V m H o _ _ $ n m {V H[ a$ V `m h . J` m
b.

ii. iii.

ii.

iii.

iv.

iv.

I. g _ m H $V{ b [a M m b Z : n { d X ro_e w omZ X H o $Zbm o oZ XHo $Z{s V { H $ gs y { M_ w A m a b W V m { d X ro_ ew { d { Z` _Xa na { d X ro_e w mme{H o $` mJ o m a m _| m a g y {VM_ w A m a $ {A^ { ^ kZ na X O { H $ J `m h . _| m H m `m ii. g _ m H V { b X rone[ a M m| b Z$ _mm { { d H r$o_ ew m p V ` m | $ d H s X Am A m X ao ` V mH A$ Vm wo| b Z Hn ${s V { HW $ \ m $ o S > mB A m{ Y g y { M V m o a A {_ V{ d { Z`_X a na | $ n m { H[ a$ VJ m h A m n a[ a U m _ r m V ` `m b m ^ /h Z H{ $ bm m^ A m h am {I m V_|o e m {b_ { H $ J` `m h . m o Z m iii. A d { Y J b m V H oA$ Z wn A$ J m Z d X r o_e w a - _ m { H $ V J V{r J m _ X m |$ gs y M b omZ X Ho $Z{s V { HW $ mMo {Vb { d { Z` _Xa H $ m H Z ` mJ oH $ a X roJ B h . H $
i.

Integral Operations: i.

ii.

iii.

11. H $ _ M{ h Va b ^ : m rm 11. Employee Benefits: 11.1 Short Term Employee Benefits: 1 1 1 A n m d { H $ _ M{ hmVa br ^ : . Y m The undiscounted amount of short-term employee A n mY { $ _ M hmV ab^m` W m{ M { H ${h g mb m A m H $ p _ H $ dH { r V , ^ benefits, such as medical benefits, casual leave etc. A d H $ mA m { H $ ~ > m a {mh {VH $ m{ O , g H $H m$ _o M m m[ a a ` mm | e X s e o which are expected to be paid in exchange for the X m o d Hm o {$d { Z` __| X m {ZH $ `Omm ZA mn o V j h , H $ _ M m [ a ` m | g { services rendered by employees are recognised during m a Xm m o d A d Y H oX $ m e m {b { H $ J m h . g m { a m Z_ ` `m the period when the employee renders the service. 11.2 Z m H C$ na ar m {hVV b m ^ :
i. 11.2 Post Employment Benefits: i. Defined Benefit Plan a. The Bank operates a Provident Fund scheme. A l eligible employees are entitled to receive benefits under the Banks Provident Fund scheme. The Bank contributes monthly at a determined rate (currently 10% of employees basic pay plus eligi ble allowance). These contributions are remitted to a trust established for this purpose and are charged to Profit and Loss Account. The bank recognises such annual contributions as an expense in the year to which it relates. The bank operates gratuity and pension schemes which are defined benefit plans. The Bank provides for gratuity to all eligible employees. The benefit is in the form of lump sum payments to vested employees on retirement, on death while in employme nt, or on termination of employment, for an amount equivalent to 15 days of basic salary payable for each completed year of service, subject to a maximum amount of `10 lacs. Vesting occurs upon completion of five years of ser vice. The Bank makes annual contributions to a fund administered by trustees based on an independent external actuarial valuation carried out annually. The Bank provides for pension to all eligible employees. The benefit is in the form of monthly payments as per rules and regular payments to ves ted employees on retirement, on death while in employme nt, or on termination of employment. Vesting occurs at different stages as per rules. The Bank makes annual contribution to the pension fund at 10% of salary in terms of SB I Pension Fund Rules. The pension liability is reckoned based on an independent actuarial valuation carried out annually and Bank makes such additional contributions to the Fund as may be required to secure payment of the benefits under the pension regulations. The cost of providing defined benefits is determined using the projected unit credit method, with actuarial valuations being carried out at each balance sheet date. Actuarial gains/losses are immediately recognised in the stateme nt of profit and loss and are not deferred.

{ZV {hV b^ ` m o O Z m ` m H$. ~ HE $ H $^{d` { Z { Y` m o O Z m n [ a M Z mH $ a V m Hmb $ h . ~ H H$ $ ^{d` { ZY{ ` m o m HZ o A$ V J g^r s O V n m H $ _ M m{ h rV b^ m m H $ a HZ oh $H $ X h m .a `h a ~ H{ $ Y m X a[na V( d V Z_g_` _| H $ _ M Hm o [ $a ` m | Z a m _ y d o Z E d n m - ^ m $ 10%) _ m { $g A e X m Z b V o H m H H $ a V mB ZA e X mH Z$ m |g C o H ` o{ $b E W m { n V h . Bo, ` g H $ m o o{ f V $ {a X ` m m V m V BW g m m^ A m a m H O h b o h m Z{I m oV _| { X I m `O m Vh .m ~ $H- Bg H $ m ao $ H d m { f H e$X mH Z$ m |o~ V{ dY H og $ X _| `` A gm f ^ _ m Z V . hm

I. ~ H J $ , o A w mQn >|er O rg { Z V { h V b^m m o O Z m E ` aZ ` ` n [ a M m {H b $ a V . V hm J. ~ Hg^r n m H $ _ M H m $ J[ma `o m | ` wX Qm HZ r$ a V . $ > hm `h { h V b^mH $ _ M H m $ [Ca ZomH |g$ o d m { Z, d m{ H $ a r m` s Z m H o $ X _ m a`h mm Zo OA mWmd oZ m HH $$ ags r_ m {n a w Z E H $ V w me { H o ^ $w J V Hm o $$n _| X Z { H m `O m V m _a Z m $ h . `h a m { ~e HH $$ gs o d Hm o $ ` $ H y Ud H o{$b E on f X `o 15 { X Z H m o_| $y d o V H og$_ V `w m e{ `m `10 b Z a bmI H s$ A { Y H_ $ a m e { h m o hV. r`h { h V b^mg o d m V H on $m d M n y ha om onaZ hr m h m ohV. ~m HBg a m { e f o $ H $ dm m { f A H e$ X m d V ~ m ~ r _ m { _Hy $Z` H$ o $ Z H A m Y na a ` m { |g ` m {a Zm ` { { V { Y | H $ a V . m Z _ hm ~ Hg^r n m H $ _ M Hm $ [na |eZ | X m HZ $ a V . $ m ` om hm `h { h V b^m{ Z ` _ m Z w m m{$g H w J V m o $ $n _ | a _g ^ Z H X m { ZH $ O mm V A m n a|eZ H $ `h { Z ` {V_ ^ w J V m Z ` h m m H $ _ M Hm $ [ {a Zom` _| m Z w g m $ o d m { Z, dZ m{ H $ a r m` a CZHg s m H o X$ m a_ m Z h` wm o` m Z m HH $$ agr_ m{na { d { ^ Zo s M a U _| { H m `O mmVh . ~ $HE g ~ r A mn B \ $ S > | m $ |eZ { Z ` _| m o A$ Z wa g nm|e { Z Y _| d o V H o 10% H $ m H Z { Z $ d m { f H $ A H e$ X Vh .mZn |e Z - X m ` V $ sJ U Z m a m o H d m { f dH V$ ~ r _ m { _ y$Z` $H o A m Ya na H $ s H H $ m O m V rA m ~ a HA $m d `H m onaZ no |e { d { Z `|_H mo $ h $h Z A VVJ { h V b |m H^ m ^$ w J V m $ gm wo { Z { H V a HZ o $ o Z H $ { b Bg { Z Y _| A { V $[ a A e X m $ a V m E { ZH h &

b. c.

K.

d.

L. { Z V { h V b m ^ - m d Y m Z -b `m H w bZ H $ s ` V o$ JV n { V W na ~ r _ m { _Hy $ZH H$ o A$ m Y na A Z w _ m { Z V { ` am ` y { Z FQ $U n V H o $ ` m o gJ o { Z Y m H $[ aJs B . > { Vh ~ r _ m {b H $^H $Z H { $ bmm^ A m h m {{ Z dU _ |V w a V m /h m o a d a e m {b H a { Xm` J `m h A m a C W { J| Z h t _ $ h V { H $ J m h . ` `m

e.

ii.

{ Z V A e XZmm o O Z m E : ` ` ~ HZ $o01 A J 2 0 1 H $ `mm o C g H o~ $ H_| $H $ m ` J h U V 0 ~m X H $ oadZmo bA { Y H $ m [ a ` m |/ |HH $$o{_bE EMH m B[n |eZ ` m o O Z m $Z a `m b m JHy $hs , O mE oH { ZV` A e X `mm o Oh ZA mm Z a` oH $ _ M m a r $ Z ~ H $ d V s _nm|eZ ` m o O HZ ogX ~ Z oZ H on$m Z h h & H $ Z m$ ` t Bg ` m o O H Z oV$ h A m dZ m bHo $ _ M n oZa_r y,b d o Z A m a mV o Am V _ h J m B H o o10% H $a sm {H e $ Am o e X Hm o $n _| O m H $ a |J o ^ m $ Z $ _ A ma B Vr Zhr a m { ~e HA$n Z A m go oaX o J nm &O r U $ {a H $ ` m r H n y ah rm V ZH o $B , ZA e X mH Z$ ~m o|H_| $O _ a Im O m V A m a o m m h m Bg O _ m aem { { H r$ gM my ^{d { ZY{ I m oV H o g$ _ V w ` na b ` ` m { _ b m h . ~ HB $Z d m { f A H e $X m Z mB | Z naA { mX Ea O V O m dZ mo b o` m H $ gm ~ V{dY H $ I m m Z h . O o f M _ Vm

ii.

Defined Contribution Plans The bank operates a new pension scheme (NPS) for all officers / employees joining the Bank on or after 1 st Augus t, 2010, which is a defined contribution plan, such new joinees not being entitled to become members of the existing S B I Pension Scheme. As per the scheme, the covered employees contribute 10% of their basic pay plus dearness allowance to the scheme together with a matching contribution from the Bank. Pending completion of registration procedures, these contributions are retained as deposits in the bank and earn interest at the same rate as that of the current account of Provident Fund balance. The bank recognises such annual contributions and interest as an expense in the year to which they relate.

iii.

H $ _ M m [oA `` X r K m Y{dh {V b m ^ : H a$ m | H $ . ~ HH $ $ m ` o HH $$ _ M { m anVry [Aa Z w n p W O{ V V , a V O ` rVg _ Z A m Aa d H e$ m m m [a `m `Vg o d m { Z d { m m ` , b m^ A m n aw Z d m^ m H oZ$ nmm h m ohV. Bg H $ H$sa g m m X r K mY d {_ r { h m ab^m s$ b m V H $ o{ bE { Z { Y H$ M V H J ~ $ H m Aa m $V [ amVH o go C n b Y H $ a m m r V . m OB h I. A ` X r K m { h V Yb^mH o $m d Y m s$ b mVJ H $ m d{ ZH { Z Y m `a oUV w b ZHn ${s V { HW $ ~m r _o m {_Hy `Z $ H$ $H H $ As Z w _ m` y{ {Z ZVQ$ > n V H o $` mJ ogo { H m J `m FU { $` h . n y d gd oV d ub m V H $ b m^ A m h am {{Zd dU _ | m J m o a V w aemV{b H a { Xm` J `m h A m a C W { J| Z h t _ $ h V { H $ J` `m h . m
iii.

Other Long Term Employee benefits : a. A l eligible employees of the bank are eligible for compensated absences, silver jubilee award, leave travel concession, retirement award and resettleme nt allowance. The costs of such long term employee benefits are internally funded by the Bank. The cos t of providing other long term benefits is determined using the projected unit credit method with actuarial valuations being carried out at each balance sheet date. Past service cost is immediately recognised in the stateme nt of profit and loss and is not deferred.

b.

11.3 { d Xe op W H $ m ` m _| { bZ ` `mw | V V H H$ o_H $$ M m M[ hamVmab r|m ^ m | _ { ` H $ gm o~ {XY o VeHm $ | s W m` Z dr { Y ` m |/ { d {HZ o`A_ Zm wa g_ m ` m { H $ V { | $ y E d b o I m {{HH $$ V` m h & J `m 12. A m` na H $ a 12.1 d V _H m$ V W Am m W H J$ Ha $Hs w $ b aAmm{ He $ `` h . M m b y Z a V{ ` a d H oH $ $ aH m$ {|mZ Y m b omIa U m Z 22 A m ^ m V _| M { b H $ a f _ $H a a V { Z ` _| H oA$ Z w a g{ m X op W H $ m ` m H o_b$m` m_ b_| g ~ V{XY o e m | m d e V o | H oH $a$ { Z ` |_ Hm $ emm o{b H $ a {H H o $$ J` `m h . A m W H J$Aa m p V ` m | _ V{ ` m X o ` V m_| A m A d Y H oX $ m ha m CZ V m a - M A Tm >mW H J$ a Cg | { E d V { g _ m ` m o_|Og Z_ m { dh . |> 12.2 A m W H Ja$ - A m p VA `mm X| ao ` V mH A$ Am m| HZ$ A { Y { Z `{ _ V V { m b H $ - X a A m H a $ a- H $ m ZA yWmd V| w b Z - { V { HW o H$ $ m \ $ s a m | Zm n n y dA { Y { Z V{ X a m m H $ m HZ yo $A m Y m a { H $ `Jm`m h . ` _ A| a Z na A m W H{ aJ$A m p | V `mmX o ` V | m mAA m{ ^ kZm{ d d o H A nmy aY na V A a H $ $ Um A m p V `mm X| a o ` V mH Ao A J | mV Z ry ` A m C a Z H Ho $: _ H $ a A m $ _ $ e A m Y A m A aJ mV Z {r V `| mH o ~$ rM A d { Y J A aV H $ `o m _| am j V m Z a IHa $ { H $ J` `m h . A m W { J$ A m p VA ` m X| a o ` V m_| Ah m | VH a m E n [ a d Z H $ m m b m^ A ma h mZ {I m oV_| H $ {QH > $ J` m h . V ^d `m

11.3 Employee benefits relating to employees employed at foreign offices are valued and accounted for as per the respective local laws/regulations.

12. Taxes on income 12.1 Income tax expense is the aggregate amount of current tax and deferred tax. Current taxes are determined in accordance with the provisions of Accounting Standard 22 and tax laws prevailing in India after taking into account taxes of foreign offices, which are based on the tax laws of respective jurisdiction. Deferred tax adjustments comprise of changes in the deferred tax assets or liabilities during the period. 12.2 Deferred tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantially enacted prior to the balance sheet date. Deferred tax assets and liabilities are recognised on a prudent basis for the future tax consequences of timing differences arising between the carrying values of assets and liabilities and their respective tax bases, and carry forward losses. The impact of changes in the deferred tax assets and liabilities is recognised in the profit and loss account.

12.3 A m W H Ja$ A m p | V `$mm go y, rb H $ {s Z { V hVm mHo Zo o$~ Z H o $ V { H d Y { Z U` H oA $ m Y nm a ` o gH y ${ M{ V {HW $ a mo Io m A{ H n$ waV Z { Z Y m [ a V 12.3 Deferred tax assets are recognised and reassessed at a, V m each reporting date, based upon management s { H $ J` `m h . O~ `h n y U $n g og w { Z { mJV`m h { H E$ or gA m W { J V h o

judgement as to whether realisation is considered reasonably certain. Deferred tax assets are recognised

^ m a V r Q >~ o QH>>$d m { f a H m$2011-12 ` [ n oQ >

170 1701

State Bank of India > Annual Report 2011-12

H $ Aa m p V `$msg| yrb ^ m rdb m^ g oH $Os m H $r V , V~ A m W { J V H d g h H $ Aa m p VH `$mm |{ ^ kZmA Z d e mVo _ y ` gmA m H a$ ha m { Z H ` m $| A {f o A J Z ` na { H $ J` `m h . Z m

on carry forward of unabsorbed depreciation and tax losses only if there is virtual certainty that such deferred tax assets can be realised against future profits.

13. {V e o a A m ` ` 13. Earnings per Share 13.1 ~ $ HA m B r Am Oa m ab o m _ m Z H $ -" {V e o a A m' ` H o $ g Emm B I r 0 2 ` 13.1 The Bank reports basic and diluted earnings per share A Z wa g m e o a _ yb A ma H _$ h A m H s$[ a n m H o $Qm h . {V eo `a {V ` B ` aV > in accordance with AS 20 -Earnings per Share issued by the ICAI Basic earnings per share are computed by . _ y A m H s$ J U m H $ a mV o{ nZadm b m^ H o$ Cg d H $ o{ bE e o f b ` Z b m f dividing the net profit after tax by the weighted B {r e $o Q` |a >H s$^ m V[ aA m V gg m ` go { d ^ mV{ H $ $a H s$oO mr V . m O h average number of equity shares outstanding for the 13.2 H _$ H s$ h B {V e o a A m `h X {Ve $ ra V { H `{X { V ^ y { V ` m | ` ` H h $ year. A WmdA g { d X| m o$Adm H $ oX m Z Oa mm H $ oa`m g n [ a dV{HV $a Z o ` H fm r a Z 13.2 Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue H m$ { d H n { b m J `m V o me o a _ y |` _| { H $ rVHZ$r _A m E. JH $ H $ s $ ` ` m r_ equity shares were exercised or converted during the h {V e oa` A m H s$J U m B {r e $o Q` |a >H s$^ m VaA m V g ` A m a B ` Z m [ m year. Diluted earnings per share are computed using H _ g ^ mmdB Z {r e $o Q` a| >Hm$ o~ rM V w m b HZ $ $a H s$oO mr V . $ h the weighted average number of equity shares and 14. m d Y ,m AZ m H $ p$X_ o ` V m AA mam A m H $ p$ A_ m p V ` m H | H 14.1 ^ m a V gr Z X b o I m H g$ m a H mob ZomI _ m Z$ 29 H oA $ Z wa gOmm a r ` r W $ H " " m d Y A m H $ p X _o H V Am mE Aa m H $ p A _mH p V _|m~ |' H $ , mZ $ ` $ ' ` { n N o>n b[ a U_ mg oC dVV _XmmZ { ` h md naZ hr m d Y e m { _ b o o Zm H $ a V m`h g ^ h { H X m { ` H d $ { Z _| Am m {a Wb m^ HH $$ m o h , d $ o Y U g _ m { dH $ adZmo bg o g m YH Zo~m{ h J Z H_ $As m d ` H $ VS > Ao m r a > $ | mn J V ^ Bg X m {d `am e {H $ {md V m $Zb{ H $ O mmg H $ V . r ` hm
dilutive potential equity shares outstanding at year end. 14. Provisions, Contingent Liabilities and Contingent Assets 14.1 In conformity with AS 29, Provisions, Contingent Liabilities and Contingent Assets, issued by the Institute of Chartered Accountants of India, the Bank recognises provisions only when it has a present obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits wi ll be required to settle the obligation, and when a reliable estimate of the amount of the obligation can be made. 14.2 No provision is recognised for i. any possible obligation that arises from past events and the existence of which will be confirmed only by the occurrence or nonoccurrence of one or more uncertain future events not wholly within the control of the Bank; or any present obligation that arises from past events but is not recognised because a. it is not probable that an outflow of resources embodying economic benefits wi ll be required to settle the obligation; or a reliable es timate of the amount of obligation cannot be made.

14.2 { Z Z { b p HI o{ $bE { H $ m d Y Hm $ A { ^ kZ Z ht { H $ J` `m h V rg Z m m m i. { n N o>n b[ a U_ mgo C V{ H r$ g ^ mV{ dX m {d`H o{ $bE A m a ~ HH $ o{ $Z `U go ~ m a hh m od m oobE H `m A { Y$ HA { Z { V Z $ ^ m r d n [ a U m| H_ s$ m { `m A m {go { O g sH n$ w {H >$ Os m m g H o $ J rW d m ,A ii. { H $ d V _ mm Z{ `H o{ $b E O m{ no N >n b ao U mg _oCm | hV , gr X d , [ { H $ C oV Aw { ^ kZm_| Z h { b m J `m h , ` m |{ H $ g t ` H $ . `h g ^ dZ h t h { H X m { ` do{ $Z Y m _ | Aa Um { W H $ $ H b m ^| m $ g _ om { dH $ a dZ mo b go g m Y Z m {| h J H _$Zm H m > ~ A m d `H m o AmW, d m $h J I. X m {d `am e {H ${md V m $ZbZ ht { H $ O mm H $ V m . ` g E o g om { ` H d$ Am m|o H $ $p X _o H V m A $n _|| X O { H $ J` `m h . B Z X m ` H o $m m X m { ` H d$ {mZ| ` {V_ A V a m b _my ` m { H $ Z` mm V m m E ao g o m na | O h A X m {d ` H oH$ o $b dCg A H $ m O, g H A o m { Wb m ^H m$ $| gm _ om { d > e { $ H H $ a dZ mo b go g m YH Z o ~$ {| h JZ H s$ g ^ mmd hZ, { Z V m {d a b r m _ V n [ a p W {, { O` m| _ $ m{ d V m $Zb Z ht { H $ Ommg H $ V Hm o , $ V Z H| oB ` A b m d m d Z {mH m J `m h . m Y $` 14.3 A m H $ $p A _mHp | V o`$ mmd m {r d d a U_|me m {b Z ht { H m$ J` `m h . H { ` | _ 15. { d eo A m a { j{ V ` m f A m E d A A m a { j { |V_|` m m ` H A { Y { Z `1 9 6 H s$ Y m a m ` ` A a$ _ 1 36 (1) (viii) H oV $ h { Z { _{d e foA m a { j { V mm b h ~. H $o{ Z X o e H $ V V e ` {_ $ ~ m Zo SoA> m a {rjV og $ O H $ Am Z o w _ mH o$ {a hXV VoA m `h n w {H Q$ a>hV o{E H $ H Z E a Bg { d ef o A m a { j V A m U a H $ a HZ $o ~s HH $$ Hs $ m_ m Z h h , E H $ r go h oe t B g Hn $ n m V[ a{ H m h . $` 16. e o a` { Z J _ `` e o a O m H r $ aHZ o`` H $ emo ` r{ __ I m oV_| e m {b_ { H $ J` `m h . ` a o$ a o ` m

ii.

b.

Such obligations are recorded as Contingent Liabilities. These are assessed at regular intervals and only that part of the obligation for which an outflow of resources embodying economic benefits is probable, is provided for, except in the extremely rare circumstances where no reliable estimate can be made. 14.3 Contingent Assets are not recognised in the financial statement s.

15. Special Reserves Revenue and Other Reserves include Special Reserve created under Section 36 (1) (viii) of the Income Tax Act, 1961. The Board of Directors of the Bank has passed a resolution approving creation of the reserve and

^ m a V r Q >~ o QH>>$ d m { f a H m$2011-12 ` [ n oQ >


confirming that it has no intention to make withdrawal from the Special Reserve. 16. Share Issue Expenses Share issue expenses are charged to the Share Premium Account.

171 1711

State Bank of India > Annual Report 2011-12

A Z w gr y- 18 M b o Im -{ Q > n { U `m
18.1 n y O r : 1. n y O r - n ` m Z V Vn : mA w m H $ ._ X | g. (i) (ii) (a m e{ H $ a m no `m _|) S| >

Schedule - 18 NOT ES TO A C C O U N T S
(Amount in Rupees in crores) 18.1 Capital: 1. Sr. No. (i) (ii) Capital Adequacy Ratio: As at As at 31 Mar 2012 31 Mar 2011 12.05 8.50 3.55 13.86 9.79 4.07 61.58 10.69 6.93 3.76 11.98 7.77 4.21 59.40

31 _ m M 01 2 31 _ m M 01 1 2 2 H $ps W H{ V $ H $ps W H{ V $ o o A Zw gm a A Zw gm a O m o ^{ m_ [ aA Vm p HV $`Vm w | b_ Z|n my O r - A Z w n m V I s (%) (~ o b - I) g 1 2 .0 5 1 0 .69 O m o ^{ m_ [ aA Vm p HV $`Vm w | b_ Z|n my O r - A Z w n m V I s l o U - I n y (%)r (~ o b - I) r O g 8.50 6.93 3.76 1 1 .98 7.77 4.21 5 9.4 0

Items Capital to Risk-weighted Assets Ratio (% ) (Basel-I) Capital to Risk-weighted Assets Ratio Tier I capital (% ) (Basel-I)

(iii) O m o ^{ m_ [ aA Vm p HV $`Vm w | b_ Z|n my O r - A Z w n m V I s l o U - I I n y (%)r ( ~ o b - I) r O g 3.55 (iv) O m o ^{ m_ [ aA Vm p HV $`Vm w | b_ Z|n my O r - A Z w n m V I s (%) (~ o b - II) g 1 3 .8 6 (v) O m o ^{ m_ [ aA Vm p HV $`Vm w | b_ Z|n my O r - A Z w n m V I s l o U - I n y (%)r (~ o b - II) r O g 9.79

(iii) Capital to Risk-weighted Assets Ratio Tier II capital (%)(Basel-I) (iv) Capital to Risk-weighted Assets Ratio (% ) (Basel-II) (v) Capital to Risk-weighted Assets Ratio Tier I capital (% ) (Basel-II)

(vi) Capital to Risk-weighted Assets Ratio Tie r II capital (%)(Basel-II) (vii) Percentage of Shareholding of the Government of India (viii) Number of Shares held by Government of India (ix) (x) Amount of Subordinated Debt Tier-II capital Amount raised by issue of Subordinated Debt Tier-II capital during the year

(vi) O m o ^{ m_ [ aA Vm p HV $`Vm w | b_ Z|n my O r - A Z w n m V I s l o U - I I n y (%)r ( ~ o b - II) r O g 4.07 (v ii) ^ m agVa H $H m$e aso ` a Y m H [ a$Vm{ V e V m (v iii ^m a gV a H $ mm aYa m [ea oV` a Hm $g| s ` m ) (ix) J m F U$ UH m$a |sm {l oe U - II n y O r r (x) d f X $ m lo U -ZI I n y H O o r$ n_ |J m FU$ U H o a m r O m Ha r$ a OH w o Q$J B >amm B{ e 6 1 .5 8

41,32,52,443 37,72,07,200 `34,671.40 `34,671.40

4 1,32 ,52 ,4 43 7 ,7 2,0 7,20 0 3


`34 ,67 1.40 `3 4,6 71 .4 0

{ Z a H $ `7,497.00*
`2 0,0 16 .4 0 `20 ,01 6.40 `5,344.76 ** `4,952.42 **

NIL `20,016.40

`7,497.00* `20,016.40

(x i) B Z (_ C| n a m ix) HV C lo U -I I n y H O {r b E o o, $ r o$ C n ` w a mV {$ e (x ii) A m B n r S H> o{r A Jm Bm O a wm QJ B > amm B{ e Z _ $ ( Z r MX oe m J {E_ { lV m> g S_ o V )| E ~ > #m

(xi) Out of which ((ix),above) amount eligible for Upper Tier II capital (xii) Amount raised by issue of IP D I(inclusiv of Hybri Bonds e d as detailed below)# * a.

`5,344.76** `4,952.42**

Includes `1,000 crores of bonds raised by erstwhile State Bank of Indore (SB IN merged with S BI on 26th August 2010. ) * H $ n y d dQ V >~u o QHA >$m B \ $ X m ma ~ a mm HH oS o_$> $mm | g` _oO w QJ B> `m1 00 0H $ a H $oa smS {> e ) B m b. Includes `6,497 crores raised vide Public Issue of Bonds in October e m { _h b n& y d dQ V ~> uo HQ $m B\ $ XH m$2m6aA J V 0 1 0H $^ mm oa V rQ ` ~> o HQ |{d b `h m o A > 2 _ $> 2010 and Februa ry 2011 J `m W m & ** Includes `165 crores of Bonds raised by erstwhile State Bank of Indore I) `6 ,4 97H $ a H $oa smS {>Oe , mA o Q y2>0 ~ 0E d \$ a d a r0 1 1_ |O m ga m d O{ Z Z o_$ $ m 1a 2 r { J HH (e SB IN merged with S BI on 26th August 2010. ) _ m g` og J H h$J sB W re, m { _h b & _ # Includes `2,000 crores raised during the F.Y. 2009-10, of which `550 ** n y d dQ V~> uo HQ $m> B \ $ X { mO ga H,2 6 A J V 0 1 0H $^ mm oa V rQ ` ~> o HQ |{d b `h mJ `omW m , A $m 2 _ $> crores invested by S BI Employee Pension Fund, not reckoned for the H $ m Oa m ~ a mr H S $a>smm {`| e16 5H $ a em mo { _h b & o S> purpose of Tier I Capital as per R BI instructions. *** { d m dr f` 2009-10 | O w QJ B> `2 ,00 0H $ a H $oasmS { {e O g _ |o5 5 0 H $ a H $oasmS { e _ m B m > , g m > E g ~ r A m B _ r nM|e m { aZY { m {a Z de oH s $ J B h , ^ m a `V [ ra O ~ d$ HH $ o{ Z X o e m Z w g m a 2. Share capital: H $ Z a) During the year, the Bank has allotted 3,60,45,243 lo U - 1 n y H O {r b Ee m { _Zbh H $J sB h . r o$ t shares of `10/- each for cash at a premium of 2. eo ` n y O r a `2,181.69 per equity share aggregating to `7,900.00 H$) d H $ oX m Z ~a $m HZo ^ mVa g a H a$Hmo$ Am { Y _ rmA Zm ~ZH Q oA> VV J` f $ 10/crores under Preferential Allotment to GOI. Out of the {V e oa` Xa d m ob3,60,45,24 eo`a, `2,181.6 {V e o a` H o $ 3 9 total subscription of `7,900.00 crores received from GOI, r{ __` na A m ~ { Q >{ VO Z {HHH $$wmE_ y `7,900.0 H $ a mW o m S& > $b` 0 an amount of `36.05 crores was transferred to Share ^ mVa g a H a$ m m V H wb $` 7,90 0.0 H $ a > m H o $ aS H _$ _| g o go 0 s Capital Account and `7,863.95 crores to Share Premium `36.05 H $ a H $oa s HS $> e_o a n y I O rV_| oA m ~ m H~ $Mr `7,863.95 m ` m a s Account. H $ a m s$a HS _ >$ eo`a r{ __ I m oV_| A VV [ H s$J B & Ho ` a

I) a m B B ` - 2008 H oA $ V Ja m Voa IH J$ `o e o ` a| _| g o~ HZ `10 { V Qyg > o m $ o Z H $ _ yr `H o604 B{ d Qe > `r a m $| m`1,580/- { B { dr eo>`a X $ o H o V Q r{_`_H $ X a g o H w $ 9,60,360/- H $ o e o a A m ~ V {{ Q E >$ h & s `b ` H `9,60,360/- H oH $ w $ m VA e X _| go `6,040/- H $a sm {eeo `a b Zm n y I Om rV_| oA m `9,54,320/- H $a sm {eeo a r{ __` I m oV_| A V [ a V a ` H $J sB W & r J) ~ HZ $oa m B Q `> Hg oA$ V J `10 {V e o a` H $ Xs ag oO m {a rH $JE B y V E 83,51 ( { n No >d b 84,115 B { e do Q a| >Hm roA $ m ~ H Q $ a>mmZ o oa H o $ 1 f ) ` Im ` m $|{`m V md oo{ d d m X JW Ao V d m ` m { ` H H$ H$ `oA$ YZ W o . H W { m r K) e o a O m Ha r$ a_|Z I oM h `8.79 H $ a H $oa s mS {eo a r{ __` I m oVH $ m o ` B m >e ` Z m H_ o$ J sB &

b)

The Bank has allotted 604 equity shares of `10/- each for cash at a premium of `1,580/- per equity share aggregating to `9,60,360/- out of shares kept in abeyance under Right Issue - 2008. Out of the total subscription of `9,60,360/- received, `6,040/- was transferred to Share Capital Account and `9,54,320/- to Share Premium Account. The Bank has kept in abeyance the allotment of 83,511 (Previous Year 84,115) Equity Shares of `10/- each issued as a part of Rights issue, since they are subject to title disputes or are subjudice. Expenses in relation to the issue of shares : `8.79 crores debited to Share Premium Account.

c)

d)

3.

Z d m o r ~_oo_f r ` m G $ {bIV ( A m B n r S > r A m B ) r XU 3. H $. {dX oer { d X ro_ ew _| Om m Va rW g m {l_l o U - I n y H O oAr$ V JA mVdZ mo bA om B n r S > r A m B r E d ~ H $ mH ` $m{md dU { Z Z dh : a V (` H $ a m |) S > _o
Particulars

{ddaU

{ Z J _$ s A d { Y a m { e 3 1 .0 3 .1 2 3 1 .0 3 .1 1 H {V {W V Hg$_ V w `V H g$_ V w ` E _ Q >H r $E mZ - H $ _ 1 5 .0 2 .2 0 0 7 ~ o _ r ` m X r_ o [ a H `$2s,0 3 5 .0 7 `1 ,7 8 3 .8 0 ` A 1 2 td m H I bA m V J V o $ * Z m H $Z m S >b m4 0 a0 b O m ~ amr S > 1 0 .2 d f { _ { b ` Z 5 E _ Q >H r $E mZ - H $ _ 2 6 .0 6 .2 0 0 7 ~ o _ r ` m X r_ o [ a H `$1s,1 4 4 .6 9 `1 ,0 0 3 .6 2 ` A 1 4 d m H IA b $m V J V t o Z m H $Z m S >b m2 2 5 ba O m ~ am>r# S 10 d f { X Z { _ { b ` Z 1 `m o J A _ o [ a H ` s3 ,1 7 9 .7 6 `2 ,7 8 7 .4 2 $ S > m6 b2 a5 { _ { b `Z * `{X ~ H15 _ B 2017 V H H$ $ mA m He Z m` m JoZ h H $ a V ,mV m `om Xa ~ T >Om mB EJ r $ b $ t h O A ma p W Xa H $ Am po a WXa _| n [ a d {VV{ m O m E J m . a H $` # `{X ~ H27 O y 2017 V H H$ $ mA m He Z m` mJ oZ h H $ a V m m `om Xa ~ T >O mm BE J r $ Z b $ t h,V O A ma p W Xa H $ Am po a WXa _| n [ a d {VV{ m O m E J m . a H $` `o ~ m A S >{ VV^ hy A m q g J m n Q >a E gH M$ _| g y M ~{ H $JE h . a w m O| r E
*

Innovative Perpetual Debt Instruments (IPDI) A. Foreign The details of IP D Iissued in foreign currency, which qualify fo r H yb rid Tier I C aptal and outstanding are as i under:
(`in Crores) Date of Is su e 15.02. 2007 Teno r A m ont Equiv alen as E q u iv alenas u t t on 3 1 -0 3 -1 2 on 3 1 -0 3 -1 1 `2,035.0 7 `1,783.80

B on issu under ds ed the M T ProgrammeN 12th Serie* s B on issu under ds ed the M T ProgrammeN 14th Serie# s Total

26.06. 007 2

Perpetual U S 400 D N on C all millio n 10.25 years D Perpetual U S 225 N on C all millio n 10 years 1 day U S 625 D millio n

`1,144.6 9

`1,00 3.62

`3 ,1 7976 .

`2,787.42

I. X ore: ~ H $mmX ` or eA m B n r S > r `Am m o{BaZm Z dh -H: $ m (` H $ a m |) S > V _o


H $ _ ~ m H S $>mmd | $ n g. 1 2 3 Eg ~r A m AB n[ a d V oZ_ rr `r m mX 2 0 0> - 1 0 ` ~ ~ S9 ( { Q >-` aI) I bm - I m Eg ~r A m AB n[ a d V oZ_ rr `r m mX 2 0 0> - 1 0 ` ~ ~ S9 ( { Q >-` aI) I bm - I I m Eg ~r A m AB n[ a d V oZ_ rr `r m mX 2 0 0> - 0 8 ` ~ ~ S7 Eg ~r A m EZ I bm - VI ( { Q >-` aI) B m H w $b _ yb a m { e { Z J_{ V { W ` m H $ s O d m { f H $ Xa % 1,00 0 14 .0 8.200 9 9.10 1,00 0 27 .0 1.201 0 9.05 1 6 5 28 .0 9.200 7 10.25 2,16 5

If the Bank does not exercise call option by 15th May 2017, the interest rate will be raised and fixed rate will be converted to floating rate. # If the Bank does not exercise call option by 27th June 2017, the interest rate will be raised and fixed rate will be converted to floating rate. These bonds are unsecured bonds and listed in Singapore stock exchange. B. Domestic The details of outstanding domestic IPDIs are as under:(` in Crores) Sl. No. 1 2 3 Nature of Bonds Principal Amount Date of Issue Rate of Interest % P.a. 9.10 9.05 10.25

S BI Non Convertible Perpetual Bonds 2009-1 (Tier I) Serie I 0 s S BI Non Convert Perpetual Bonds ible 2009-1 (Tier I) Serie II 0 s S BI Non Convert Perpetual Bonds ible 2007 -08 SB I Serie VI (Tier I) N s Total 4.

1,000 14.08.2 009 1,000 27.01.2010 165 28.09.2 007 2,165

4.

J mU G $ U ~ m AS >{ V ^ ,ybV ~ A d { ,Y A n [ a d V Z g` E dy na _ m o M h Zm r ho V o. r r ` ` ~ H $ mJ m m G $ U H m $ |m` m o{ aZ m Z m Zh w: g m a ` U


_ y ba m { e { Z J _ s ` m H $ sn [ a n V V m H$ O m $ { V { W / _ m od M {Z f H Ad{Y H ${ sV { W Xa % _ m _| g

Subordina ted Debts The bonds are unsecured, long term, non-convertible and are redeemable at par. The details of outstanding subordinate debts are as under:Princip al Amount Date of Rate of Maturity Issue / Interest Period in Date of % P.A. Months Redemption 05.12.2005 05.05.2015 05.06.2006 05.06.2 021 06.07.2006 06.07.2021 12.09.2006 12.09.2021 13.09.2006 13.09.2 021 15.09.2006 15.09.2 021 04.10.2006 04.10.2 021 16.10.2006 16.10.2 021 7.45 113

Sr. Nature of Bonds No.

H $ ~_ m H S $ >md | $ n m g.

1 2 3 4 5 6 7 8

Eg ~r A m AB n[ a d V Zr r` b( {o Z _ |Q > )3,28 3.00 0 5.12.20 05 7 .45 gO ~ m - S2 >0 0 ( { ZZ{ Q >-` aI I) 5 05 .0 5.201 5 Eg ~r A m AB n[ a d V Zr r`b( { Z _ |Q > ) 2,32 7.90 0 5.06.20 06 8 .80 ogO ~ m - S20 0 (C { Q >-` aI I) > 6 05 .0 6.202 1 Eg ~r A m AB n[ a d V Zr r`b( { Z _ |Q > ) 5 00.00 0 6.07.20 06 9 .00 ogO ~ m - S2 >0 0 I (C { Q >-` aII) 6 06 .0 7.202 1 Eg ~r A m AB n[ a d V Zr r`b( { Z _ |Q > ) 60 0.00 12 .0 9.200 6 8 .96 ogO ~ m - S2 >0 0 III(C { Q >-` aII) 6 12 .0 9.202 1 Eg ~r A m AB n[ a d V Zr r`b( { Z _ |Q > ) 61 5.00 13 .0 9.200 6 8.97 ogO ~ m - S2 >0 0 IV (C { Q >-` Ia I) 6 13 .0 9.202 1 Eg ~r A m AB n[ a d V Zr r`b( { Z _ |Q > ) 1 ,5 00 .0 0 1 5.09.20 06 8 .98 ogO ~ m - S2 >0 0 V (C { Q >-` aII) 6 15 .0 9.202 1 Eg ~r A m AB n[ a d V Zr r`b( { Z _ |Q > ) 4 00.00 0 4.10.20 06 8.85 ogO ~ m - S2 >0 0 VI (C { Q >-` Ia I) 6 04 .1 0.202 1 Eg ~r A m AB n[ a d V Zr r`b( { Z _ |Q > ) 1 ,0 00 .0 0 1 6.10.20 06 8 .88 ogO ~ m - S2 >0 0 V II(C { Q >I I)a 6 ` 16 .1 0.202 1

113 180

S BI N ON CO N V RT IB L E E (Private placeme t) Bonds 2005 n (Lower Tier II) S BI N ON CO N V E R T IB L E (Private placeme t) Bonds 2006 n (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Private placement Bonds 2006 I ) (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Private placement Bonds 2006 III ) (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Private placement Bonds 2006 IV ) (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Privat placement Bonds 2006 V e ) (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Private placement Bonds 2006 V I ) (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Private placement Bonds 2006 V II ) (U ppe Tier II) r

3,283.00

2,327.90

8.80

180

500.00

9.00

180

180
4

600.00

8.96

180

180
5

615.00

8.97

180

180
6

1,500.00

8.98

180

180
7

400.00

8.85

180

180
8

1,000.00

8.88

180

180

H $ ~_ m H S $ >md | $ n m g.

_ y ba m { e

{ Z J _ s ` m H $ sn [ a n V V m H$ O m $ { V { W / _ m od M {Z f H Ad{Y g H ${ sV { W Xa % _ m _|

Sr. Nature of Bonds No.

Princip al Amount

Date of Rate of Maturity Issue / Interest Period in Date of % P.A . Months Redemption 17.02.2007 17.02.2022 28.03.2007 27.06.2016 9.37 180

Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > )1 ,0 00 .0 0 17 .0 2.200 7 9.37 gO ~ m - S2 >0 0 V III(C { Q >II) a 6 ` 1 7.02 .2 0 2 2

1 80 111 180 180


10

S BI N ON CO N V RT IB L E E (Private placement Bonds 2006 V III ) (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Private placement Bonds 2006 I X ) (Lower Tier II) S BI N ON CO N V RT IB L E E (Private placement Bonds 2007-08 (I) ) (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Private placement Bonds 2007-08 (I) ) (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Private placement Bonds 2008-0 (I) ) 9 (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Privat placement Bonds 2008-09(II) e ) (Lower Tier II) S BI N ON CO N V RT IB L E E (Private placement Bonds 2008-0 (III) ) 9 (U ppe Tier II) r

1,000.00

10 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > )1 ,5 00 .0 0 2 8.03.20 07 9.85 gO ~ m - S2 >00 IX ( { ZZ{ Q >-` II) 6 a 2 7.06.20 16 11 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > )2 ,5 23 .5 0 07.06 .20 0710.20 gO ~ m - S2007-0 (I) (C { Q >II) a > 8 ` 0 7.06.20 22 1 2 Eg ~r A m AB n[ a d V Zr r` b( {o Z _ |Q > )3,50 0.00 12.09 .20 0710 .1 0 gO ~ m - S2007-0 (I) (C { Q >II) a > 8 ` 1 2.09 .2 0 2 2 13 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > )2,50 0.00 1 9.12.20 08 gO ~ m - S2008-0 (I) (C { Q >II) a > 9 ` 1 9.12.20 23 8.90 14 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > )1 ,5 00 .0 0 2 9.12.20 08 8 .40 gO ~ m - S2008-0 (I I) ( { ZZ{ Q >II) a > 9 ` 2 9.06.20 18 15 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > )2 ,0 00 .0 0 0 2.03.20 09 9.15 gO ~ m - S20 08 -0 (III) (C { Q >II) a > 9 ` 0 2.03.20 24 16 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > )1,00 0.00 0 6.03.20 09 8.95 gO ~ m - S20 08 -0 (IV) ( { ZZ{ Q >II) a > 9 ` 0 6.06.20 18 1 7 Eg ~r A m AB n[ a d V Zr r` b( {o Z _ |Q > )1 ,0 00 .0 0 0 6.03.20 09 9.15 gO ~ m - S2008-0 (v) (C { Q >II)a > 9 ` 0 6.03.20 24 18 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > ) 2 00.00 09.03 .20 06 8 .15 gO 0 9.06.20 15 ~ m - S2 >0 0 5 -0 Eg ~r Eg ( m -I Ib)m 6 ( { ZZ{ Q >II) a ` 19 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > ) 22 5.00 3 0.03.20 07 9.80 gO ~ m - S2 >0 0 -07 Eg ~r E g 6 3 0.06.20 16 ( m -I II)m( { ZZ{ Q >I I) a b ` 20 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > ) 20 0.00 1 5.02.20 05 7.20 gO ~ m - S20 0 -05 Eg ~r A m EB Z > 4 1 5.05.20 14 ( m -I Ib)m( { ZZ{ Q >I I) a ` 2 1 Eg ~r A m AB n[ a d V Zr r` b( {o Z _ |Q > ) 14 0.00 2 9.09.20 05 7.45 gO 2 9.09.20 15 ~ m - S20 0 -06 Eg ~r A m EB Z > 5 ( m -I II)m( { ZZ{ Q >I I) a b ` 2 2 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > ) 1 10.00 2 8.03.20 06 8.70 gO ~ m - S20 0 -06 Eg ~r A m EB Z > 5 2 8.03.20 16 ( m -I Ib IIm ( { ZZ{ Q >II) a ) ` 2 3 Eg ~r A m AB n[ a d V Zr r` b( {o Z _ |Q > ) 10 0.00 2 9.12.20 06 8.95 gO 2 9.12.20 21 ~ m - S2 >0 0 -07 Eg ~r A m EB Z 6 ( m -I IVm (C { Q >II) a b) ` 24 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > ) 20 0.00 2 2.03.20 0710.25 gO ~ m - S2 >0 0 -07 Eg ~r A m EB Z 6 2 2.03.20 22 ( m -I V) (C { Q >II)a bm ` 25 Eg ~r A m AB n [ a d V Zr r` b( {o Z _ |Q > ) 25 0.00 24 .0 3.200 9 9.17 gO ~ m - S20 0 -05 Eg ~r A m EB Z > 4 2 4.03.20 24 ( m -I V m) (C { Q >I I) a bI ` 26 E g ~ r A gm mB d O{ Z Z HZ_$ {ZQ >II` a { J{ A n [ a d V` mZ 2 01> ( m -II)b m ~ r S 0 2 7 E g ~ r A gmm B d O{ Z{ Z HZ_$ {ZQ >I I` a J{ A n [ a d V Z2r0` 1 m mS > -I Ib I)m ~0 ( 28 E g ~ r A gm mB d O{ Z Z HZ_$ {ZQ >II` a { J{ A n [ a d V Z2r0` 1 m w X ( >a m -I IIIm ~1 I S m b) 13 3.08 04 .1 1.201 0 9.25 0 4.11.20 20 86 6.92 0 4.11.20 10 9.50 0 4.11.20 25 55 9.40 16 .0 3.201 1 9.75 1 6.03.20 21

1,500.00

9.85

111

11

2,523.50

7.06.2007 10.20 7.06.2022 12.09.2007 10.10 12.09.2022 19.12.2008 19.12.2 023 29.12.2008 29.06.2018 02.03.2009 02.03.2024 06.03.2009 06.06.2018 06.03.2009 06.03.2024 09.03.2006 09.06.2015 30.03.2007 30.06.2016 15.02.2005 8.90

180

12

3,500.00

180

1 80 114

13

2,500.00

180

14

1,500.00

8.40

114

180 111 180 111


15

2,000.00

9.15

180

16

S BI N ON CO N V RT IB L E E 1,000.00 (Private placement Bonds 2008-0 (IV ) ) 9 (Lower Tier II) S BI N ON CO N V RT IB L E E (Private placement Bonds 2008-0 (V ) ) 9 (U ppe Tier II) r S BI N ON CO N V RT IB L E E (Private placement Bonds 2005-06 ) S BS (Serie I)(Lo Tier II) s wer S BI N ON CO N V RT IB L E E (Privat placement Bonds 2006-07 e ) S BS (Serie II)(Lower Tier II) s S BI N ON CO N V RT IB L E E (Private placement Bonds 2004-0 S B IN ) 5 (Seri s I) (Lower Tier II) e S BI N ON CO N V RT IB L E E (Private placement Bonds 2005-0 S B IN ) 6 (S eri II) (Lower Tier II) es S BI N ON CO N V RT IB L E E (Private placement Bonds 2005-0 S B IN ) 6 (Seri s III) (Lower Tier II) e S BI N ON CO N V RT IB L E E (Private placement Bonds 2006- 7 S B IN ) 0 (Seri s IV) (Uppe Tier II) e r S BI N ON CO N V RT IB L E E (Private placement Bonds 2006- 7 S B IN ) 0 (S eris V) (U ppe Tier II) e r S BI N ON CO N V RT IB L E E (Private placement Bonds 2004-0 S B IN ) 5 (S E R IEV II)(U ppeTier II) S r S BI Publi Issue of Lower Tier II c Non-Convert Bonds 2010 (Serie I) ible s S BI Publi Issue of Lower Tier II c Non- Convertible Bonds 2010 (Seri s II) e S BI Publi Issue of Lower Tier II c Non- Convert Bond 2011 R etail ible s (Serie 3) s 1,000.00

8.95

111

17

9.15

180

1 11

18

8.15

111

200.00

1 11

19

9.80

111

225.00

20

7.20

111

120
21

200.00

15.05.2014 29.09.2005 7.45 120

120
22

140.00

29.09.2015 28.03.2006 8.70 120

120
23

110.00

28.03.2016 29.12.2006 8.95 120

100.00

29.12.2021 22.03.2007 10.25 120

120

24

200.00

22.03.2022 24.03.2 009 9.17 180

1 80

25

250.00 133.08 866.92 559.40

24.03.2024 04.11.2010 04.11.2020 04.11.2010 04.11.2 025 16.03.2011 16.03.2021 9.25 9.50 9.75 120 180 120

120 180

26 27 28

120

H $ ~_ m H S $>md $ no m g.

_ y ba m { e

{ Z J _$ s ` m O $ sn [ a n V V m H H m $ { V { W / _ m od M {Z f H Ad{Y H ${ sV { W Xa % _ mg _|

Sr. Nature of Bonds No.

Princip al Amount

Date of Rate of Maturity Issue / Interest Period in Date of % P.A. Months Redemption 16.03.2011 16.03.2021 9.3 120

18.2 { d { Z Y m Z: 1. ~ HH $o{ $d { Z Y m Z {md |{ Z V W Z m E | y ` gmH o{ $bE a Io JE m d Y m oZ $m | Y na m _ m h H C V m a - M H T m` m od aZ m Z m Zh w: g m a $> { (` H $ a m |) | S > _o


{ddaU 31 _ m M 01 2 31 _ m M 011 2 2 H $ ps W { V H $ ps W { V H oA $ Z w g m a H oA $ Z w g m a

2 9 E g ~ r A gm mB d O{ Z Z HZ_$ {ZQ >I I` a { J{ 1 71 .681 6.03.20 11 9 .3 0 A n [ a d V` mZ 2 0 1> I w X a m ~ r S 1 1 6.03.20 21 ( m -I IIIm b) 30 E g ~ r A gm mB d O{ Z Z HZ_$ {ZQ >I I` a 3 ,9 37 .6 01 6.03.20 11 9 .95 { J{ A n [ a d V` mZ 2 0 1> I w X a m ~ r S 1 1 6.03.20 21 ( m Ib m - 4 ) 31 E g ~ r A gm mB d O{ Z Z HZ_$ {ZQ >I I` > a { J{ 8 28 .321 6.03.20 11 9 .4 5 A n [ a d V S Z20` 1 m w X ( a mm I b m - 4 ) r ~ I 1 1 6.03.20 26 H w$b 3 4 ,6 7 1 .4 0

120 1 80 180

29

S BI Publi Issue of Lower Tier II c Non- Convert Bond 2011 Retail ible s (Serie 3) s S BI Publi Issue of Lower Tier II c Non- Convert Bond 2011 Retail ible s (Serie 4) s S BI Publi Issue of Lower Tier II c Non- Convert Bond 2011 Retail ible s (Seri s 4) e TOTAL

171.68

30

16.03.2011 3,937.60 16.03.2021

9.95

180

31

828.32 34,671.40

16.03.2011 16.03.2026

9.45

180

18.2 Investments 1. The D etails of investments and the movement of provision held s towards depreciation on investments of the B ank are given below:
(`in Crores)

Particulars

As at As at 31-Ma r-2012 31-M a r-2011

1. Value of Investments i) Gross value of Investments (a) In India 3,02,8 56.15 2,86,732.72 2,86,732.72 (b) Outside India 11,436.68 10,221.32 10,221.32 ii) Provisions for Depreciation (a) In India 1,835.18 1,145.72 (b) Outside India 260.04 207.75 1,145.72 iii) Net value of Investments 2 07.75 (a) In India 3,01,0 20.97 2,85,587.00 (b) Outside India 11,176.64 10,013. 7 5 2,85,587.00 2. Movement of provisions held 10,013.57 towards depreciation on investments i) O penin g Balance 1,353.47 700.72 7 00.72 ii) A dd A dditio on account of : n acquisition of e-S B ICP.Y. eI( 5.58 3.77 3.77 S B In) 793.82 670.76 670 .7 6 iii) Add: Provisions made during the year iv ) Add: Foreign Exchang e revaluation 52.89 2.23 2.23 adjustment/excess provision/utlisation i 2 4.01 during the year 110.54 24.01 1,353.47 v) Less: Write back of excess 2,095.22 1,353.47 provisionduring the year. { Q > n { : ` m U Notes: H $ . { d { Z Y _| ^Zmm a|V [ ra O~ d HH $og $m W V g b V mm g w {Z d HY oA $ V JCn V m _ o obr J B m ` a_m ` oO m ` J a. Investments exclude securities utilised under Liquidit Adjustment y `40,00 H $ a m $ s {S V> ^ y { g p`m_ { b Z ht h ( { n No >d b `27,00 H $ a m o S > ) 0 Ho V V f 0 Facility (LA F with R BI `40,000 crores. (Previous Year `27,000 crores) ) I. `5,520.21 H $ a> m mo$ { Sd { Z ZY pb`[a H $ m a Zn mA om$a oB\e {m S{b./E Eg gr gr Eb/ H m J >` Z b. Investments amounting to `5,520.21 Crores are kept as margin with E _ gr E g /` Eg B A m Eb H $ on m { V ^ yg{_ m Y hmow Va Im J `m h . { n N o >d bf `11,117 y B g V Z Clearing Corporation of India Limited/NSCCL MCX/ U S EL towards / I H $ a H m$o { Sd >{ Z Z ^mm a `V r[ a O ~ d Hpb`[a H $ m a Zn mA om$a o B\e {mS{b.` H $ o n mg [a`b m Y $/ J > Securities Settlement. In the previous year investments amounting to Q > _m J m g oo gQ > b _ |Q >V / g { V ^Z y mA m a Q > r O r E g /E HZ$ SA>r VV g _ m {ZO n a Im B _ m Y ({ ) o EJ d $ `11,117 Crores were kept as margin with RBI/Clearin Corporation of g J `m W m . India Limited towards Real T ime Gross Settlement / Securities J. ^ m a V [ ra O~ d H $o{ $X Z m H $ 1 H on[an H $ _S m> r ~H r $A gm o~Srnr.~rgr ` H 11.08.201 $ . > r . 28/ Settlement (RTGS/NDS). 21.04.157/2011-1 H oA$ Z w U _| ~ Hb m^ E d h m {I Z V g oo S > o a r dg o {{ Qd X dm A $ m | 2 ga $ m > H o c. In terms of R B I Circular D BOD.No.BP.BC.28/21.04.157/2011-12 g ~Y_| `93.94 H $ a> mE o `39.00 H $ a mH os$ a Sm>e { H $ H o $: _ C MV I m m - H w $ b d S m e V dated August 11,2011 the Bank had reversed `93.94 crores and m ` ( { H $ Q[ a {mg d o ~)BEgd SC >M I mV V - b m^ E_ Q >E_ _| { V d V V [ d g) $ a > bm m r {( a H `39.00 crores from the Profit & Los A/c to "Suspense A/c s { Xm`h & Crystallised Receivables" K. d H oX $ m ~a m HZZ $o Q >~ o QA >$m ~ \ r$ H $ mE Z O a` nawH oa $m B B y`gH o{ $bE `585.0 H $ a m o S > f H d o Q 0 and " suspense A/c - Profit MTM" respectively on account of H $ A { V [$an y bOJ m Bh s r & derivative contracts. L. d H oX $ m ~a m HZZ $o{ Z Z jor` J m U_ ~r H _|$ A {| V $ an y HO $r{mZ de o{ H $ ` m & f m [ d. During the year, the Bank has infused additional capital of `585.00 Crores in State Bank of Bikaner & Jaipur towards Right Issue. (` H $ a m |) | S > _o e. During the year the Bank has infused additional capital in the following jor` J m U r~ H $ _ am {e RRBs:A U mbM X e $ b ~ H $ o a 4.33 (`In crores) 13.30 N > m r g J mT _>~r U H $ J Regional Rural Banks Amount 23.80 B b m H X$ om h Bm V H r $ ~ 4.33 Arunachal Pradesh Rural 2.10 b m n r $ ao ~h mH $J r Xb 13.30 Bank Chhattisgarh Gramin 1.78 Z m J m $ aS ~> H $ b b 23.80 Bank Ellaquai Dehati Bank 7.88 2.10 g _ V ra njor` J m U_ ~r H $ w Langpi Dehangi Rural Bank 1.78 Nagaland Rural Bank 47.60 C H $ m` ~ H $ bJ 7.88 Samastipur Kshetriya Gramin Bank C m a m J M _b ~r U H $ m 5.25 47.60 Utkal Gramya Bank d Z m b JM m U_ ~r H $ 19.60 5.25 Uttaranchal Gramin Bank H w$b 125.64 19.60 Vananchal Gramin Bank Total 125.64

I. { d { Z Y H m $_Zmym `| i) { d { Z Y H m $gZmHmb |_ y ` $ ( H ) $^ mVa_ | 3,02,856.15 (I) ^ m agVo~ m h a 11 ,4 36 .6 8 ii) _ y ` m o{ bE m d Y m Z gH $ ( H ) $^ mVa_ | 1 ,8 35 .1 8 (I) ^ m agVo~ m h a 260 .0 4 iii) { d { Z Y H m ${ZmZmb |_ y ` d ( H ) $^ mVa_ | 3,01 ,0 20 .9 7 (I) ^ m agVo~ m h a 1 1,17 6.64 2. { d { Z YH m_ yZ m` | Hm {gb Ea I o JEm d Y _ m|C ZV mm | a - M T > m d o$ o$ i) A W e o f 1,35 3.47 ii) O m : no y Sd >u | dQ V~> o$ HQ $> m _ b{ Ee >BS ` Q > ba (Z{ o N Z> b o H ne d Q ~> $o HQ m$> B \ )X H m$ oA a{ Y UH h H $ Umd a{ h B f A J $o 5 .5 8 iii) O m :o d fS > X|o $ m { a Hm $ Z E m d Y m Z H JE 79 3.82 iv) O m : od f S > oXo $ m {a dmXrZo ew n w m Z _ y ` m H $ Z H _ g _ m ` m o O Z$/ A m V Y am Z / C n ` m o { J V m {d[ 52.89 v) K Q >: dm f oX $ m Aa { V$ [ a m d Z H m $Am n b o IZ EH m Z Y 11 0.54 vi) B { e o f V 2 ,0 95 .2 2

M. d H oX $ m ~a m HZ $oE g ~ r A m B mb o\ ~$ Q {b.g H o10,20,67 e o ` a| m f b > $ 0 (0.64%) (~hr _ y `5.82 H $ a m H o $`m3.27 H $ a m ~ o S {>X ` m . ` S >o ) _| o M

f.

During the year, the Bank sold 10,20,670 shares (0.64%) in S BI Global Factors Limited for `3.27 crores. (Book Value `5.82 crores)

2. a o n bmo Z Z (M b { Z { g _ m ` mZo g w { m Y _ V (Eb E \$)) / Repo Transaction s (including Liquidity Adjustment Facility (LA F) o Xo Y O dg o d f H oX $ m aa om nAZm mo ` m d { aVo (Eb E E \$g _ o VH ) oA$ Y rZ d H E$ d` H $H ` $ J sB { V ^ y { H $`m` m o{ aZ m Z m Zh w : g m a a n mV o { V |
The details of securities sold and purchased under repos and reverse repos including L AF during the year are given below: `

H $ a m |/ ` >In crores _ o S

{ d dU /Particulars a

d f H oX $ m m` y ZZ V _ a ~ H $ ma mm{M inimu ` e m
outstanding during the year

d f H oX $ m A m{ Y H $ V _ a Z ~ H $ ma mm{Maximum ` e
outstanding during the year

d f H oX $ m Xa m { ZZAH m$ g V ~ H $ ma mm{ e `
D aily Average outstanding during the year

31 _ m M H $ m o 2012 e of a m { e
Balanc as on e 31 March 2012

a o nH m oAo$ Y r Z ~ H H $$ JssB { V ^ y { V ` m {
Securiti s sold under repos e i) g a H $r m {a V ^ y { V ` m i) Governm nt securities e ii) H $ n Z rU { V ^ y { V ` m F$ ii) Corporate debt securities ( ) ( ) 47,354.00 (43,500.00) 198.41 ( ) 19,542.23 (7,015.62) 127.59 ( ) 42,000.00 (27,000.00) 157.67 ( )

{ V d { V onHV oA$ Y rZ $H ` $ J sB { V ^ y { V ` m a m o H
Securitie purchased under reverse repos s i) g a H $r m {a V ^ y { V ` m i) Governm nt securities e ii) H $ n Z rU { V ^ y { V ` m F$ ii) Corporate debt securities ( ) ( ) 8,500.00 (12,000.00) ( ) 350.14 (126.03) ( ) 3,150.00 (0.00) ( )

( H $ m o _ | {> X E$ m A | m H{ n$ N S>d>bf oH oh $ )/ (Figures in brackets are for Previous Year) H JE o 3.


Non-SL Investment Portfolio R

J a - g m { d${M b { Z { A Z w Vn (mZ m E gE b A m a d { Z Y m { d ^ m J YH Y Z ){ Zg

H $ J a - g m { d${M b { Z { A Z w Vn (mZ m E gE b A m a d { Z Y |mH Zs$ m Z J _ H $ V mm: - g a M Z ) YH Y Z ){ {


(a) Issuer composition of Non SLR Investments :

~ HH $oJ $ a - g m {$dM Y {YZ {A Z w n( m m E Z E b A m{ad { Z Y H $Z{sm J| _ H $ V m { Z - gZ ma M w:Z gmm a { bH Z Vg ) m Z Zh


The issuer composition of N on-SL investments of the Bank is given below: R

` H $ a m | / ` > In crores _ o S

g.
No.

{ZJ _H $V m
Issuer

am {e
Am ou nt 9,176.71 (13,513.06) 5,103.90 (4,610.16) 10,128.32 (8,952.92) 5,016.41 (8,160.26) 7,066.64 (6,461.08) 21,083.51 (23,543.13) 1,217.64 (805.20) 56,357.85 (64,435.41)

{ Z O rm B d ob Qo g _ > |Q > H $ _s m m
Extent of Private Placeme nt 1,200.25 (979.87) 4,325.74 (3,540.41) 5,332.96 (4,833.61) 1,892.12 (2,744.83) () () () 12,751.07 (12,098.72)

" { d { Z Yl omUZg oH $ _J ' o S > r { V ^ y { H $` _mm| m * V s


Extent of `Belo w Investment Grade' Securiti s * e (50.00) 50.37 () 40.51 (66.80) 1,087.51 (22.30) () 92.29 (139.47) 189.04 (28.40) 1,081.64 (250.17)

" { ~ Z a mo q Q m Jb r' d> { V ^ y { H $` _mm| m * V s


Extent of `U nrated' Securiti s * e ( ) 50.83 (0.40) 49.21 (44.37) 369.68 (400.81) () 1,348.87 (19,099.25) 210.76 (109.80) 1,607.83 (19,435.03)

"A g y M rJ V ' { V ^ y {| H $` _mm m * V s


Extent of `U nli ted' s Securiti s * e 17.40 (50.25) 50.83 (0.41) 315.40 (126.41) 184.45 (596.06) 1,527.04 (1,527.29) 16,257.86 (18,276.04) 190.91 (67.02) 18,162.07 (20,509.69)

(i) (ii) (iii) (iv) (v) (vi) (vii)

g m d O jo HH oC $ n H /$ _ {Z $
P SU s

{ d m gr ` W /m FEIs ~ H/ $ Banks J a g a H $r m a m a n m o a o Q > H $


Private Corporates

A Z w f { g `m` wC $ _ * * J /
Subsidiari / Joint ventures ** es

A ` / Others _y ` gmH o{ $bE a Im J `m m d Y m Z


Provision held towards depreciation

` m J o/ Total { n N > db fm / Previous Year *

( H $ m o _ | {> X E$ m A | m H{ n$ N S>d>bf oH oh $ )(Figures in brackets are for Previous Year) H JE o B { B Q >{ rCd _>wr` y M w\ A $bSd >| M, Ha $ { n { Z> `V, m p g _ { W { V ^ y { V `o m$g a ,H $ Hm $a s{ V ^ y { A m m aA m gr A m Eb _ |{ H $JE { d { Z Y Hm $Z mmloo| { U `H moA| $ V JB gV b E d , Q I Q bA V H V `E| a B E BZ { AbJ-AbJ { d ^ V Z h t{ H $ J` `mmh ` m | {B H $aho oq Q > J / { b{ p e QmZ> X J}g eoNm y | {_Q b >rh hB & X { > ** A Z w f { J ` m |/Cg `_wm|| V { Z Y H $Z{mm {| ^ J m_ ]| B g { b E _ {d m do d AbJAbJ { d ^ V h t{ H $ J mmh ` m |{^H $a V [ ra` O ~ d HH $og $ ~ {{YX Ve m - { Z HX oA $emV | JC VV_ X Z| h tA m V r. Z `` m } h A `{ d { Z Y _ | A m |a A m B O _S m mr Eo \O$H Z oV$ h VZ m ~ _ | O _ m m {`e15,942.9 H $ a me m {Sb_>h & ( { n Nm> db `18,230.0 H $ a m o S > ) mZ `> m m S a > 4 o f 0
* ** Investmen t in Equity, Equity Oriented Mutual Funds, Venture Capital, Rated Assets Backed Securities, Central Government Securities and A R CL are not I segregated under these categories as these are exempt from rating/listing guidelines. Investments in Subsidiaries/Joint Ventures have not been segregated into various categories as these are not covered under relevant R BI Guidelines. Other investments include deposits with N AB A R under R IDF Deposit Scheme amounting to `15,942.94 Crores (Previous Year `18,230.00 Crores). D b) ` Non Performing Non-SL Investments R

I) A Z O $ J H - g m { d${M b { Z { A Z w Vn (Z m Z -E g E b ) {m a Z Y m Z a YH Y m A d{ H $ a m |o S > _ {d da U A W eo f d H o $ Xd { a m Z f m d H oX $ m H m$r _Z f a B { V of e a Io JE H w $ m d Y m Z b M my b df 328.40 588.12 56.02 860.50 768.92 { n N m b f >d 332.80 8.24 12.64 328.40 304.10

` In crores
Current Year 328.40 588.12 56.02 860.50 768.92 Previous Year 332.80 8.24 12.64 328.40 304.10

Particulars Opening Balance Additions during the year Reductions during the year Closing balance Total provisions held

18.3 S o > a r d o :{ Q > g H$) d m `m Xa H $ a m a O `Xa {d{Z _ X / m ` {d daU

3 1 _ m 202 M 1

H $ a m |o S > _ 3 1 _ m 2011 M
`

18.3 Derivatives a) Forward Rate Agreements / Interest Rate Swaps Particulars i)

` in Crores

{ d { Z _ $ a Hm $A smm | Z w __ m a{ mZe {H $ `H a y b { V n| m H a $m aH m oAa$ YZ r A n oZX m { ` d m | jm H $ n my Ho m$ a_|ZAo g \$ a h Znao h m do mZ boh rm { Z ` m 3,46 1.8 a b 1 1,330.75 iii) { d { Z _ e m { _h m na Z~ o H $m Aa n oV g n p d H $ { Z a H $ ` _| b o m {j {Z aH $ iv) { d { Z _ oC V U - O _ Ho $p I o $ r H $ a U `g F$ m Hm ZJ ` Z J ` v) { d { Z _ ~ hr H $C m{ M_ V `y` 2 ,0 2 0 9 .5 6 71.95 ~ HH $oA$ n oZH $ m ` m _|Ab m mB | A m a E g /E oH $ w `7600.9 H $ a m { o d {S > H` mJ s h A m a ` E H \$ A $mb a 5 $B ` h m X e m ht m `m h ` m{ |H d$ oE \$ g rE rZ{~Z { Y H` m$gs| w a jHm o{ $bE h A m Bag {E C ~h m O m a Z`J b | H o{ $bE { M h V {ZZht { H $ J` `m h & m I) ~ m O (E a g M )|O H $ ` - { d` H H $JE `m O -aX o > a r d o { Q `> H g $ a m_ | o S > m _| { E S H g. {ddaU $_ M m dbf y { n N >d bf m 1 ~ m O( E a g M _|O ) $ ` - { {d H J$ E ` ` m O m |H E $

i) i)

H $ ps W { V H $ ps W { V H oA $ Z w g m a H oA $ Z w g m a 1,34,671.3 1,05,850.77 4#

H $ )` m X a m ` X o Od 7 4 ,5 8 2 .0 0 ,2 6 ,4 0 9 .8 9 1 I) 1 0 d fu `^ m ag Va H $H m$ sa{ V ^ y { V { Z a H $ 2 .0 0 2 3 1 _ m2M 12 $~ mm o O( E a g M _|O ) $ ` - { {d H $ E ` 0 H m |H $ J E ` m O -SXo a> a r dH o $~{ sQ $> mg m m Z w _ y b {mZ {H e $ H A ` ma H $ )` m XO ad m ` X o {ZaH $ {Z aH $ I) 1 0 d fu `^ m ag Va H $H m$ sa{ V ^ y { V {Z aH $ {ZaH $ 3 ~ m O( E a g M _|O ) $ ` - { {d H J$ E$ ` ` m O - X a m |H E S o > a r dH o $A sQm >Z w _ ym ba {mZ {Hem~$ Ho $ hm A` m a { g O A ` { Y ^H m$ d rh ht Z b m Z yh t J b m Z yh t J 4 ~ m O( E a g M _|O ) $ ` - { {d H J$ EE ` ` m O -SXo a> a r d o { Q > g m |H $ H $A m { H m$ VO_ m aO` m~ Ho $ hm A` m A a ` { Y ^H m$ Z rh ht . Zb hm t J y b m Z yh t ~ y d J J) F $U M y H $ _` {d{Z
H $ . g_ X d V d_ fm Z { n N >d bf m g a j U o $g V am j U d H og $ V j mH o g amj U d H o $ V m H { a U $V { H $n | o _ H $$ n_ | H $ n | o o _ H $$ n_ | o

As at As at 31-Mar-2012 31-Mar-2011 The notional principa of swap l agreements 1,34,671.34# 1,05,850.77 ii) Loss w hic would be incurred if es h counterparties failed to fulfil their obligation under the agreements s 3,461.81 1,330.75 iii) C ollaeral required by the B ank upon t entering into swaps Nil Nil iv) Concenration of credit risk arising t from the swaps Not significant Not significnt a v) The fair value of the swap book 2,020.59 671.95 # IR S /F A amountin to ` 7600.95 crores entered with the Bank' own offices are not R g s shown here as they are for hedging of F C N corpus and hence not marked to B market. b) Exchange Traded Interest Rate Derivatives Sr. N o. Particulars Current Year Previou Year s 1 Notiona principa amount of l l exchange traded interest rate derivatives undertaken during A Interest Rate Futures 74,582.00 1,26,409.89 B 10 Year Governmen of India Security t N IL 2.00 2 Notiona principa amount of exchange l l traded interest rate derivatives outstanding as on 31st March 2012 A Interest Rate Futures Nil Nil B 10 Year Governmen of India Security t Nil Nil 3 Notiona principa amount of exchange l l traded interest rate derivatives outstanding and not "highl effective" y N.A. N.A. 4 Marked-to-mar et value of exchange k traded interest rate derivatives outstanding and not "highl effective". y N.A. N.A c) Credit default Swaps Sr.N o. Particulas r Current Year Previous Year As As As As Protection Protection Protection Protection Buyer Seller Buyer Seller 1 N o. of transaction durin the year s g a) of w hic transaction that are/ h s Nil 1 Nil Nil may be physicall settled y b) cash settled Nil Am oun of protectio bough / t n t 2 sold durin the year g a) of w hic transaction w hic are/ h s h may be physicall settled y b) cash settled Nil Nil Nil Nil 3 N o. of transaction w here credit s event paym en was receiv / t ed made durin the year g a) pertainin to current years g Nil 1 Nil Nil transactions b) pertainin to previous year(s) g transactions Nil Net incom e profit / 4 a) Premium a) Premium Nil Nil (expenditu loss) in respec of re/ t Recei ed v Received C DS transaction durin year-to-date: s g a) prem iu paid / receiv m ed ` 25.14 `31.79 b) Credit event paym ents: crores crores made (net of the value of assets b) ` 50.63 b) Nil realised) crores 5 receiv (net of value ed of delive e rabl obli ation) g Outstandin transaction as on g s M arc 31: h a) N o. of Transactions b) A moun of protection t Highest level of outstanding transaction durin the year: s g a) N o. of Transactions st (as on 1 A p rl) i b) A moun of protection t st (as on 1 A p irl ) D) ` 0.25 crores Nil 13 `546.90 crores Nil 26 ` 983.32 crores

1.

2.

3.

4.

5. 6.

d f Xo $m h a mbE o Z Z X o$g Z ` m H H s H $ )C Z g_ o|O m^ mo { V$ nH o$ g {Z aH $ 1 {Z aH $ {Z aH $ { Z n QJ E /mO Em E J o > I) Z H {$ Z n Q > m Z X {ZaH $ d f Xo $m Ha m $ Z` / { d H$J a$m {H eo $ H H sB ` g a j U $_ sm m H H $ )C Z g_ o|O m^ mo { V$ nH o$ g {Z aH $ {Z aH $ {Z aH $ {Z aH $ { Z n QJE /O Em E J o >m I) Z H {$ Z n Q > m Z X {ZaH $ d f Xo $m b ao mZ ZX o$g Z `{ m Z _ | H H s O H o B$ {d S|Q w >QJ V m /Z X {mH J E ^> > $E {ZaH $ 1 {Z a H $ {Z aH $ H$) d V d_ f mg og ~ { Y V Z I) { n N d> f b od f m g ] o)g ~ { Y V ( {ZaH $ d f $As ` V V {V WHg $r S > rbEo gZ X o Z H { go g {~ Y { Z b A m ` / b mI M {Z) m { Z a H $H $)r { _ `_ { Z a H $H $)r { _ `_ V d ^( /h H $)r { _ `_ X m / { H $J ` m & A m m :`2 5 .1 4 m : `3 1 .7 9 I) H o B$ d{ S|Q w> >QJ V:> m Z ^ H $ a m o I)> { Z a H $ H $ a m o S > S * A X ( m m p H V d `gmy |b_ ry ` I) `5 0 .6 3 A o$ H $Km Q o > m H $ a ) H $a m o S > * m ( n y { V { `Vm ~ oH Vo_` y ` `0 .2 5H $ a m o S > $m {ZaH $ H $Km Q o > m H $ a ) { Z a H $ 13 26 3 1 _ m V H~ $H $ bm o ` Zm X o Z M H $b ) o Z X o$g Z ` m H s `5 4 6 .9 0 `9 8 3 .3 2 I) g a jU $a sm { e H H $ a m o S {> Z a H $ H $ a m o S > d f Xo $m b ao mZ ZX oCZ V ~_ H $ m ` m { Z a H $ 24 H H $s 38 H $b ) o Z X o$g Z ` m H s `1 ,0 4 5 .4 8 `1 ,3 7 3 .5 3 ( 1 A b A $ Z w g m a ) H o H $a m o S > H $a m o S > I) g a j U _ m$ s m H (1 A b A $Z w g m a ) H o K) S o > a r d o _| Q >m o_p d m ob { Z de oH $ mH $ Q > r H $ a U {O g I (H $ J w U m $ _HH $ Q > r H $ a U )
i.

Nil

24

Nil

38

~ $ H V Z _| m m a oX dH $ ma ( CA mQ o >Q >` mr gXa A m _ wm S o > a gr d Vo mW Q ` >m Xa A m _ w m d _A ) O r a { O a d m | ` XH mm$b o Z XH o$m a hV . ~ $ H m { aO ` m Xa S o > a gr d Ho m{$b Qo Z> X{ Hm $ J` ` m C Z| _ n ` m Z O o , ` m Xa { d { Z ,_{`d X r o ewm ` m Xa { d { Z` A m d m m` X H $ a ae mm {b_h .~ $ H m { aO _ w m O _ O _ a Xa Z S o > a gr dHom${b Qo Z>Z X{ Ho m$J `` m C Z| _ wm { d { Z, _`nm S > a A b m , Ee Z O QM >| Ao mS o > eS Z> , ` m m A m n a n a m_Aw m Z e e {b_h . ~ $ H $ oJ m | hH H $C$ m on | m $ X d mH` - $ V mC dZ $ H{ Zo d o e m | a m m H {o , H s$~ M d m- `d m H $o aH Z$ { bE { X O mo hVA am ~ $ HE o {g Z d| oh eow m~ M m d - ` d H W aH Z o $ W o E V m $o { b ES o > a r d go { {Q d >X{ Z En m H{ X$ aVhV m H $m S a om > a r d Ho {$ Qm` m og J $ ` - { dH Ho $ $ ` gm .~ > H g m W WgVmw b ZH n $_ sX Hm {| bE ~ M m d - `m H W ah Zo ^r w{ H $ O` mm hV . ~m H $ H $ m a o$ d $ Vo Bg

` 1,045.48 `1,373.53 Nil crores crores D isclosur on R isk Exposure in Derivatives es (A) Qualitative Disclosure i. The Bank currently deals in over-the-coun (OTC) interest rate ter and currenc derivativ as also in Interest Rate and Currenc Futures y es y . Interest Rate Derivatives dealt by the Bank are rupee interest rate swaps, foreign currency interest rate swaps and forward rate agreements. Currency derivativs dealt by the Bank are currenc e y swaps, rupee dollar options, exchange traded options and crosscurrenc options. The products are offered to the Bank' customer y s s to hedge their exposures and the Bank enters into derivatives contracts to cover such exposur s. Derivativ are used by the Bank e es both for trading as well as hedgin on balance sheet g

H o{ $d { ^ gm _ m{ b I V Hm $|^r b o Z XH o$ Za hV ~.m HZ Jo$ m h g Ho{ $d m $g mn A X m og a a M Z m J V ` m H| C n - {X d H H $$b` mo Z X{ H Z$ h` m{, H $ V {wbE AC ZV H a o- ~$ m HO _|mn a a n_ w A mm Y m [ a V m o $ d m ` X m $ a{ mH a$JE h . -H E ii. S o > a r d b oo {ZQ X_> |o~ gm OO mm a o e m_ { _h bm ho VA, o W m ` V a m |/ { d X{ Z m `|/ B X a {m $| Q > r Z {I mO X a_ _ | { V H Cy V bm a - MH oHT$ $> mm~ ad UH $ ^m{ d `_ |h m {C ZR > m g H $nV Sr,g>m Wr F $ U $ o Zr h h O m o pAI _W , m` {XV{ V n jm m| Aa m Z Xo m { ` H dn my a|Zmh t{ H $ J` `m V m~ o HH $$ Fm $ oU n $m o m , O m o p Io_ $ n_ |^ { d `_ |h m {C ZR > n m Sg >H $ V r~. m o Sm ` aWm m { A {Z Yw _ m o HH X$ sV H $ Zr h > d ~ {$ S o > a r dZo r{{ QV |~> m g OO mm a o (p hI m H Z$ H_ $ aH Z o{o$b Eg V H { ~$ AXm m , a a{ m H{g e$r _ m , _ _ { V ^ A d { Yg , e m oA{ dY{ V n ,r d 0 1 , A m {HX o_ ) $m Z {X Z YS m{ $[J aEVh B. gZ r { HV oA $ V J V Y r > H E J m nh m $ V mm Z (XF USn >m V Zm Y m F$ aAUdY{ A m ){^r { Z Y m{ [$JEVh H. o $ d b H _ $ { U , X H aE Bg Z rV{ _| { Z Y V m_ [Z a| Xna Ia| >C mV o ad Zmo { V n| go hr S o > a dr bd oo Z{ QH >o$ $aFH $ o O m o p I _ m S b jm X U na { Z `U { H m$ J``m h & ~ m `m|V H m $nAmym Ho $o aH Zs $C Z $sHj_ V H $m `Zm_| a I o h E g _ w { M V a m o V F $ U - mr{_Z Y VmH$s OmVr h Ama ~ $ H o g `$oH{ V jnH $ go m A mE g SE> Hr $ a a^r H $ma V g [a E W B m h . iii. ~ H $As m p V - X~ o `Yg {m_ {( V E b g r ACmn o ) O om $o pH I H $mw | $ e~ b Yn a{ Z J a m Z r VZ E am o_ Z a IV rh . Q p> o WO ~ aV r HH $${ m_ S-> A m {E \ $ Og m o { Z _` { U ^ m(E _A mA om gar) O m o d pI d J {H $ A~ ~ m OO mm a o p ~I _ Y{ d ^ Jm( E _ A m a E H_ S h> br m V om> a r bd oo Z{ Qg og d ~ ~ m O m a Z ) $ h S, X o> Z O m o p I $_md V $ ng oA { ^ { Z Y m m a U$V ,bW A mZ w dHV $ a hVZAm m B aZO m o pH I _$ m o| H AH Z { Z ` {E dV ` y Z rHH $ a_$Z|AVo m pX oV ` V~ m Yg { _ {(V E b g r AHm$gosh) m ` H $m a h Vg m W Z E V h r ~ m H S $ Os m o p I~_ YgZ{ _ { (VA m a E _ g r ~$rZ) r o{ V JCVn mg `w P Hm oZg $m W - g m W o > H m o { Z `{ _ V A V b anam A Z w Z [ma nb m o VQ H > $V ahV .m n w iv. S o > a r dH o o{ $b E> o gI m r { ^Vm a V[ ar ` O~ d H ${ X e m - { ZH XoA }Ze wm V| m ` am a$J sB h , Q b Z o$ $ g H { O g H `$ mm {o da mdm f 20 11-12 $ s_ w bI o I m r { (V r E n r ) :Z w g1y7M |{ r X `J m mh . H Z n A _ ` v. { d Xr oH e $ m ` m_| `bm` m |{ d { `Z _ $Cm n ` m_ ow : ` A m p A V X ao ` V H $A s M m- d O Xa H J V m m ~ m | ` d m h o {V Hw $ O` mm hV .m W vi. ~ M m d ` d W{ m { Z H `A $ { V [ a{ d X o e $r m ` mH db {` Z __ `|,h _| m{ ad oX oH e $r m ` m b ` m | d _o $, H {$ m | m o _ |{ H $O Em d Zm o bn a n_ aw - { d { Z _O ` ,m ob m _o m bH }H$ $Q m go , b_ H|_ w m `V{Vdm:X o ew r m o m ~ $ _ A { Z dr mmgmV( E \$ g r E Z) A m ma a mH {s $~ Mmdm ` d m h ow {V Z n V h {moXho ,Ve m {b_h . I O _ | e` W m vii. h _ m A a {o Y H { d { Ze_ W _ U Hr o { V n jr H H $ ogmm | W Z n m h {mX WVV o o. $ m ` lo $ ~ $ { o

(I ) _ m m _ H $ Q > UH: $B) Quantitative Disclosures : $ r a


{ddaU
Particulars

items. The B ank also deals in a mix of these generic instruments. The B ank has done Option deals and Structur d Products with e customers, but they have been covered on a back to back basis in inter-bank market. ii. Derivative transaction carry market risk i.e. the probable loss the s Bank may incur as a result of adverse movement in interest s rates/exchange rates/equity prices and credit risk i.e. the probabl loss e the Bank may incur if the counterparties fail to meet their oblig ations. The Bank' "Policy for Derivativ approved by the Board prescribes s es" the market risk parameters (cut-loss triggers, open positio limits, n duration, modifie duration PV01 etc.) as well as customer eligibility d , criteria (credit rating, tenure of relationshi etc.) for entering into p derivativ transactions Credit risk is controlled by entering into e . derivativ transaction only with counterparties satisfyin the criteria e s g prescribed in the Policy. Appropria te limit are set for the s counterpartie taking into accou their ability to honour obligations and s nt the B ank enters into ISDA agreement with each counterparty. iii. The Asset Liab ility Management Committee (ALCO) of the Bank oversees efficient management of these risks The Bank' M id. s Office and R isk C ontro (M O R C Departme at Treasury, now l ) nt Market R isk Management Department (M R M D independently ) identifies measures, monitors market risk associated with , derivative transactions assists AL CO in controlling and managin , g these risks and reports compliancewith policy prescription to the s Risk Managemnt Commitee of the B oa (R M C B at regular e t rd ) intervals. iv. The accountin polic for derivativs has been drawn-up in g y e accordance with R BI guidelin the details of which are presented es, under Schedule 17: Significat Accountin Polici s (SA P for the financia year 2011n g e ) l 12. v. Interest Rate Swaps are mainl used at Foreign Offic for hedgin y es g of the assets and liabilities. vi. Apart from hedgin swaps, swaps at Foreign Offices consi t of g s back to back swaps done at our Foreign Offic whic are done es h mainl for hedging of F C N deposits at Globa Markets, Kolkata. y R l vii. M ajorit of the swaps were done with First class counterparty banks. y (` H $ a m |/ ` >In crores) _ o S

_ w om > a r d o { Q > g S
Currency Derivatives

` m O aS o > a r d o { Q > g X
Interest Rate Derivatives

M m db fy
Current Year

{ n N m> db f
Previous Year

M m db fy
Current Year

{ n N m> db f
Previous Year

(i )

S o > a r d o A Q >Z w _ _ yb{ aZmH {$e ) ({m g m


Derivatives (Notional Principal Amount) H $a) ~ M d ` d m ( h o q )O HJ o{ $bE / For hedging / m W I/b) H $ ` - { `d HH o $$ E * / For trading** {b 4,954.34 4,36,623.65$ 5,902.99 3,63,233.01$ 47,532.47 87,138.87# 32,263.98 73,586.79#

(ii)

~ m O Hm o~$h - _ y H oA$ Z wa gp m W { V a r `
Marked to Market Positions H $a) A m V Asset / p/ I/b) X o ` V mLiability / F $ O m o_p/I Credit Exposure U 941.86 8.43 14,158.22 271.66 17,143.23 89.95 0.00 4,792.43 33.74 3.58 2,393.00

(iii) (iv)

` m Xa (1 00 n rdr 0 1) _| E H { VV n [ a d Z H $ gm ^ m ^ m d O * $ e V `
Likely impact of one percentage change in interest rate (100* P V 01) H $a) ~ M m d -`d SW > a r d ona / >ong hedging derivatives / m o {Q I/b) H $ ` - { `d SH o>$ a r d ona / >ong trading derivatives {Q 76.95 8.03 114.90 30.44 3.15 18.64 740.32 (8.44)

(v)

d H oX $ m 1 00Z n rdr 01 H $ Am { Y H_ $EVd ` y Z V _ f am*


M aximu and M inim m of 100* PV 01 observed during the year m u H $a) ~ M d `d m ( h o q )O na/on hedging / m W J A { Y H $/V _ Maximum `y Z V _ /Minimum I/b) H $ ` - { `d na/on trading H $ A { Y H $/V _ Maximum `y Z V _ /Minimum 93.68 45.03 70.78 (36.75) 109.35 35.94 24.49 (17.16) 1,433.18 769.90 (522.47) (840.08) 751.04 187.44 15.71 (46.86)

~ HH $oA $ n ZHo $ m ` m H og b$m` m {| d A m B A m a E g /HE $\`s7,600.95H $ a m { on NS >d bf `5035.67H $ a m H o $HsS w> a)$ m {H e $ ` mh moZ h t{ X Im J` `mm ` m | {`h $ m {Ee \$ g r E Z{~Zr { HY ~ $M mH d{ $b EaIr J B h A m B ag { b E W > $A m aE ( o$ b Ha o o ~ m O Hm o{a $b E{ M { h ^Zr Z h tH $ J sB h . V $ ~ HH $oA $ n Z {od X o e W HV$ m ` m H og b$m` m {| d d o Hg $`s7,276.19H $ a m { on NS >d bf `6,865.62H $ a m H o $HSs w a$ m {H e $ ` mh mo Zh t{ X I m J` `mm ` m | {`h $ m {Ee \$ g r E Z{~Zr { HY o~ $M mH do{ b EaIr J B h A m B ag { b E p W > ( o >) b Ha $ ~ m O Hm o{a $b E{ M { h ^Zr Z h tH $ J sB h . V ** ~ HH $o{ $d X op e W HV$ m ` m g o{ bH ` $JE b o Z XBo gZ_e| m { _ Z h th & H $ a |g o > a r d o`1,260.56H $ a mE d S` m> O aS o > a r d o`159.56H $ a m o S > ) m E| b ( Sr { Q > g o X { Q > g 1. 31 _ m M V H $ b m o_ ~m bH } { $ S Q > >n gm AQ m> Aa _ V| Qa m~ q H>J $r `w{ Sn > n m HQ o~ $rMS_ o| Q> >a r d o ` {mQ n >m ga$~s Hm`$m A m Z w _ amm { {Z`e16,279.26H $ a m `o11,901.29H $ a m h oA Sm >31 _ m M V H ^$m a V r Q` >~ o Q >$ 2012 > J > H H$ ( S > )a 2012 H H o{ $d X op e W HV $ m ` m H o~b$r `M { H $JE S o > a r d o ` {mQ n >m ga a mH{`e30,663.90H $ a m(`o29,379.83H $ a m h o . S > ) m | E $s S > 2. d m ` XX maS o > a r d H {$~s H> $ gmA `mm Z w _ amm{ {Ze H m~ m O m a - ~ h rH _oAy$ `w gAm a{ HZ$hVtH $ J sB h ,{ H $ O hV mw _ m M V H {$d M m a A m p Z V / X o ` {VOmZ AH~m$mmO m a - ~ h rH _oAy$ `w gAm aH Z h t{ H $ J` ` mh , o Q O, $ o Z 31 2012 mYr |, Z $Z m H $ as m {`e57,756.33H $ a m(`o45,525.15H $ a m h o . S > ) S > 3. F $ UM y { d${ Z _g `m :X Bm g g m _X| { oX Z m31 _H m$ M V H H$ w ~$ H $ ma mm{`e546.90H $ a m `o983.32H $ a m h o. S > ) H 2012 b ` ( S >
# # $

IR S/FR amounting to `7,600.95 crores( Previous Year `5,035.67 crores) entered with the Bank's own offices are not shown here as they are for hedging of FC N B A corpus and hence not marked to market. The swaps amounting to `7,276.19 crores (Previous Year `6,865.62 crores) entered with the Bank's own foreign offices are not shown here as they are for hedging of FC N corpus and hence not marked to market. B ** The forward contract deals with our own Foreign Offices are not included. (Currency Derivatives - `1,260.56 crores and Interest Rate Derivatives - `159.56 crores) 1. The outstanding notional amount of derivatives done between Global Markets departmen t and International Banking Group departmen t as on 31st March 2012 amounted to `16,297.26 crores (`11,901.29 crores) and the derivatives done between SBI Foreign Offices as on 31st March 2012 amounted to `30,663.90 crores (`29,379.83

2. 3.

crores). The outstanding notional amount of interest rate derivatives which are not marked to market where the underlying Assets/Liabilities are not marked to market as on 31st March 2012 amounted to `57,756.33 crores (`45,525.15 crores) Credit Default Swap : Outstanding as on 31st March 2012 amounted to `546.90 crores (`983.32 crores).

18.4 A m p - J w U d m m V H $ A Z O AHm p V ` m ) $
(` H $ a m |) S > _o

18.4 Asset Quality a) Non-Performin Assets g


(` in Crores)

{ddaU
i) H w A$ { J __ |{mZ | d b Z O A m $ (%) b A H p V `m ii) A Z O A m p _V |C` m m a - M H T >$ m )d H $ V | ( w b

Particulars i) Net NPA s to Net Advances (%) ii) Movement of NPAs (Gross) (a) Openingbalance (b) Additions(Fresh NPA s) during the year Sub-total (I) (c) Reductions due to upgradations during the year (d) Reductionsdue to recoveries (Excludingrecoveries made from upgraded accounts) (e) Reductions due to Write-offs during the year Sub-total (II) (f) C losingbalance (I-II) iii) Movemen of Net NPA s t (a) Openingbalance (b) Additionsduring the year (c) Reductionsduring the year (d) C losingbalance iv) Movemen of provisions for NPA s t (a) Openingbalance (b) Provisionsmade during the year (c) Write-off / write-back of excess provisions (d) C losingbalance

31 _ m 2 0 H $ s31 _ m 2 0 H $ s M 1 2 M 1 p W H { oA $ Z w g mp W H { A $Z w g m a V a oV

As at As at 31-Ma r-2012 31-Ma r-2011 1.82% 25,326.29 24,712.22 50,038.51 5,458.36 1.63% 19,534.89 18,145.70 37,680. 9 5 4,499.10

1 .82 %

1.63 % 19 ,5 34 .89 18 ,1 45 .70 37,680.59 4,4 99 .1 0 3,84 8.3 5 4 ,0 06 .85 12,354.30 2 5,326.29 10,870.17 6 ,8 15 .83 5 ,33 9.10 1 2,34 6.90 8 ,6 64 .7 2 11 ,3 29 .87 7,01 5.2 0 12 ,9 79 .3 9

(H $ ) A W eo f 25 ,3 26 .29 (I) d f Xo $ m d a m{ ( BA Z O A m $ V ` m 2 4,7 12 .2 2 H Z H p ) C n - ` m(io) J 50,038.51 (J) d f X $ m Aa nm J Z o SH oH>$ $e mH a$U_ r H o o Z 5 ,45 8.36 (K) d g y { bH` m $|$ mH a $U_( Ar n J oI m oV>g mS > H o S o | H $J sB dg y { b H` mN m| > om o S > H $ a ) $ 4 ,1 59 .35 (L) d f oX $ m Aa n bZo IZ oH $ $ mH a $U_ r H m H 74 4.34 Cn - ` m o(ii) J 10,362.0 5 (M) B { eVof (i-ii) 3 9 ,6 7 6.4 6 iii) { Z d b Z O m $ _V |C` m |m a - M T > m d A A Hp V ( H )$ AW e of 1 2,3 4 6 .9 0 (I) d f Xo $ m d a m{ H Z 10 ,9 48 .96 (J) d f o $ H $m _ ra m Z H X 7,47 7.0 1 (K) B { e of V 1 5 ,8 1 85.8 iv) A Z O m $ HV o` m d Y _m|CZ Vm m| a - M T > m d A Hp $ | ( H )$ AW e of 1 2 ,9 7 9 .3 9 (I) d f X $ m { aHm $J ZE m d Y m Z H o E 1 3,76 3.2 7 (J) A { V [ a m$ d Y Hm $Am nb| oIZ /{V bo IZ 2 ,8 85 .05 Zm (K ) B { e o f V 2 3 ,8 5 7 .6 1

4,159.35 744.34 10,362.05 39,676.46 12,346.90 10,948.96 7,477.01 15,818.85 12,979.39 13,763.27 2,885.05 23,857.61

3,848.35 4,006.85 12,354.30 25,326.29 10,870.17 6,815.83 5,339.10 12,346.90 8,664. 2 7 11,329.87 7,015.20 12,979.39

A W ef oE d B { Vf e _| m V E d W V JS > r A m B g r O r rg r X Bmed mr {b rhg A m a o { / go O_ B Z sH ~ $H $mmg _ m ` Z a me {H $: _ `e25.38 H $ a m { on NSo >>d b `21.53 H $ a m E o d S > ) ` m oO ( f `46.32 H $ a m { on NSo >>d b `25.38 H $ a m h o. S > ) ( f

Openin and closin balanc includ D IC G / E C G claims received and held g g es e C C pendin adjustment of ` 25.38 crores (P.Y. ` 21.53 crores) and ` 46.32 g crores (P.Y. ` 25.38 crores) respectively.

I) 01.04.201 go 31.03.201 V H H s$ A d { H oX $ m an m Z g m M oZ $ Y Z F $U A m p |VH ` mm` m o astm 1 2 $ Y w aH A r $ st

b) Details of Loan Assets subjected to Restructuring during the period from 1 April 2011 to 31 March 2012

(` H $ a m |/ ` >In crores) _o S

{ d d aU
Particulars

{ d d aU
Particulars

g r S > r A `da W m m
C DR Mechanism 29 (25) 3,015.53 (752.37) 378.52 (183.70) 3 ( 4) 182.62 (223.21) 22.44 (29.03) 1 (-) 41.77 (-) 0.00 (-) 33 (29) 3,239.92 (975.58) 400.96 (212.73)

E g E _ B F $ UZ g a M Z m nw
SME Debt Restructuring 134 (133) 568.42 (369.42) 10.25 (5.14) 21 (33) 73.37 (14.60) 5.25 (1.29) 41 (17) 84.00 (30.05) 5.65 (0.57) 196 (183) 725.79 (414.07) 21.15 (7.00)

A`
Others 2,159 (10,277) 4,810.73 (3,578.37) 86.41 (272.23) 105 (285) 336.43 (567.75) 5.62 (13.57) 27 (20) 158.79 (122.28) 10.82 (1.08) 2,291 (10,582) 5,305.95 (4,268.40) 102.85 (286.88)

`m o J
Total 2,322 (10,435) 8,394.68 (4,700.16) 475.18 (461.07) 129 (322) 592.42 (805.56) 33.31 (43.89) 69 (37) 284.56 (152.33) 16.47 (1.65) 2,520 (10,794) 9,271.66 (5,658.05) 524.96 (506.61)

n w Z g a V _ZmmZ JA { J _ M $H
Standard advances restructu red

C Y m a H $ mg m . A m | H $ s
No. of Borrowers

~ H $ ma mm { e `
Amount outstanding

C g Z ( { V _ y ` _| m g ) O C M
Sacrifice (diminution in the fair value)

n w Z g a M A dm_ Jm$ Z A { J _ VZ H
Sub standard advances restructur ed

C Y m a H $ mg m . A m | H $ s
No. of Borrowers

~ H $ ma mm { e `
Amount outstanding

C g Z ( { V _ y ` _| m g ) O C M
Sacrifice (diminution in the fair value)

n w Z g a M gZ m X A {YJ _ { J V
Doubtful advances restructur ed

C Y m a H $ mg m . A m | H $ s
No. of Borrowers

~ H $ ma mm { e `
Amount outstanding

C g Z ( { V _ y ` _| m g ) O C M
Sacrifice (diminution in the fair value)

`m o J
TOTAL

C Y m a H $ mg m . A m | H $ s
No. of Borrowers

~ H $ ma mm { e `
Amount outstanding

C g Z ( { V _ y ` _| m g ) O C M
Sacrifice (diminution in the fair value)

( H $ m o_| {> XE JEmA | m H n$ N oS>d>bo H oh $) / H $ { f

(Figures in brackets are for Previous Year)

J) A m p n wV Z { Z H o{ $b E { UV ^ y { V H $ $a n( E g g r ) / n w Z { ZH _$ m(A rm a g Hr) $ m o _m H UZ r n Z U { ~ H H $$ JssB { d m A ` m p V `$mm` m o a m r H | (` H $ a _ |)o S > m {ddaU M m db fy { n N > dfm b I m V Hm $g|s ` m 3 3 { V ^ y { VH H $ na U r / n wH Z {$ Zn gr_g m A m a g r) Z (EZ r/ U H $ { m~ Ho { H$ $J E I m V H m $H| m w _$ yb (` m d YK mQ Z> m H $4.0 8 sE a) {Z aH $ iii) g _ { V \$ b J 1 0 .3 5 26 .8 2 iv) n y d d df m_ u|]A V I[ m VV H mog | ~ _ |Y m V a $ A { V [ a {$V \$ b {Z aH $ {Z aH $ v) { Z d b h r_ y g` oA { Y H w b$ m ^ / ( h m { Z ) ~ $ b 6 .2 7 2 6 .8 2 K) H H ` $J sB A Z O { dH $m A ` m p V `$mm` |m o a m $ r H (` H $ a _ |)o S > m {ddaU M m db fy { n N > dfm b 1) ( H $d) f X $ m Ha m {$ ZH` $J E I m V Hm$g |s . H o E {Z aH $ {ZaH $ (I) H w ~$ Hb $ m m` m{ e a {Z aH $ {ZaH $ 2) ( H $ B) Z g od f Xo $ m n a wm Z Z g a MI mZ VmH mJ$gV|s ` m { Z a H $ _| H {ZaH $ (I) H w ~ $ Hb $ m m` m{ e a {ZaH $ {Z aH $ L) { ~ H H $$ JssB A Z O { dH $m A ` m p V `$mm` |m o a m r H (` H $ a _ |)o S > m {ddaU M m db fy { n N > dfm b 1) { ~ H { H$ $J E I m V m g| H $ s sE . 9 4 2) H w ~ $ Hb $ m m` m{ e a 3 5.6 9 1 0 3 .2 3 3) H w $ bV m _ y V` { V \$ b {d 1 2 .7 9 4 7.9 8 M ) _ m Z A m p V a` m| d Y m Z H$ n m ~ H $m ^a mm a V[ ra ` O~ d H $o{ $X e m - { ZH XoA }$ Ze w _| m Z AH m$ p n a `{ mH | $ J``mm m d Y m Z H mg a V { Z Z m hZ : w g m a {d daU 31 _ m M2 01 H s$ 31 _ m M 0 1 2 2 1 H $s p W H{ V $ Z w g mp W H{ V $ Z w g m a oA a A o _ m Z AH m$ p HV {` m E{| H $ E m d Y m Z ob $ J 42 96 .0 3 ** 3,3 36 .0 8 * * n y d dQ V~> uo HQ $m B\ $ Xg oA a V a[ amV {`1 0 6 .1 2 $ a gm { oh VS > A> m e H ** n y d E dgV~ ur A m B g Hr A$ .m oAB V a[ amV {`0.98H $ a gm { oh VS > ~ {b g e N > )`dgm `A Z w n m V {ddaU M m db fy {nN >bm df i. H $ m ` { eZr {b Y H` m V| w b _Z | m ` m O m H $ { V e V $s A ` m 8.04 % 6 .9 6%ii. H $ m ` { eZ r {b Y H` m V| w b _Z| m` m O A Vm a`H $ m { V e V 1.0 8% $s o 1 .3 5%iii. H $ m ` { eZ r {b Y H` m V| w b _Z| nm [ a M mb bmZ ^ H $ m { V e V 2 .3 8% $s 2 .1 7% iv. A m p na m V b m V `{ | ^ 0 .8 8 % 0.71% v. { V $ _ `d g m (`O _ m a m E { deA` m J O _ m o S > H $ a ) H M m ar { (` h O m_ |) a 7 9 ,84 2 7 0 ,4 6 5 vi. { V $ _ bM m `a hr O m |) H m^ ( _a 5 3 1 .4 5 3 8 4 .6 3
i) ii)

c)

Details of financia assets sold to Securitisatio Company (S C / l n ) Reconstruction Company (R C ) for Asset Reconstruction Particulars Current Year i) ii) N o. of Accounts Aggregate value (net of provisions) of accounts sold to S C /R C iii) Aggregate consideration 26.82 respect of accounts transferred in earlier years v) Aggregate gain / (loss) over net book value 3 4.08 10.35 Nil 6.27

(` in Crores) Previous Year 3 Nil

Nil 26.82 (` in Crores) Previou Year s Nil Nil Nil Nil (` in Crores) Previou Year s 4 103.23 47.98

d)

Details of non-performin financia assets purchased g l Particulars Current Year 1) (a) No. of Accounts purchased during the year Nil (b) Aggregate outstanding Nil 2) (a) Of these, numbe of accounts r restructured during the year Nil (b) Aggregate outstanding Nil Details of non-per orming financialassets sold f Particulars 1) N o. of Accouns sold t 2) Aggregate outstanding 3) Aggregate conside ation received r Current Year 9 35.69 12.79

e)

f)

Provision on Standard Assets The Provision on Standar Assets held by the Bank in accordance with R BI guidelins is d e as under: Particulars As at As at 31-Mar-2012 31-Mar-2011 Provisiontowards Standard Assets 4,296.03** 3,336.08* *include `106.12 crores transferred from eSB IN s ** Includ `0.98 crore transferred from e S B ICB a n Lim it es I k ed. BusinessRatios Particulars Current Year i. ii. iii. iv. v. vi. Interest Income as a percentage to Workin Funds g Non-in terest income as a percentage to Workin Funds g O perating Profit as a percentage to Workin Funds g Return on Assets Business (Deposit plus advances per s ) employee (` in thousands) Profit per employee (` in thousands) 8.04% 1.08% 2.38% 0.88% 79,842 531.45

g)

Previous Year 6.96% 1.35% 2.17% 0.71% 70,465 384.63

O) A m V X o `mV ~ Z : 31 _ m M2012 H s$ p W {H oA$ Z w a g A m p | VA` ma X o ` V mHAs$ m w _ X | m s$ n [a n $mVH $ d $ n p Y V m | H $ N >H m


h) Asset Liability Management : Maturity pattern of certain items of assets and liabilities as at 31st March 2012
(` H

$ a m |/ ` >In crores) _ o S

1 {XZ
1 day

2 g o7 { X VZ H $
2 to 7 d ays

8 g o1 4 15 g o28 { X Z 29 { X gZ o 3 _ m g oA { Y 6H_ $m g oA { Y 1Hd $f g oA { Y H d$ f oA { Y H d$ f oA { Y H $ ` m o J g g 3 g 5 g { X VZ H $ 1 5to 2 8 days 3 _ mg V H $ q H $ 6V _ wmg V Hq $H $ 1V d wf V Hq H$ $ 3V d wf V H q$ H $5 Vd f w H $O v e r5 years TO TA L V


8 to 1 4d ays 2 9daysto O v e r3 m onths O v e r6 mo nths O v e r1 year& O v e r3 years & t t t t 3 months & u p o 6 months & u p o 1 year u p o 3 years u p o 5 years 1,00,330.59 1,37,776.39 3,06,03.55 7 1,78,971.15 1,76,091. 82 (8 8 ,6 69 .7 7 ) (1,20 ,30 3.13 )(2,7 7 ,71 6.7 1 ) (1 ,61,53 4.99 ) (1,57,15.55 ) 6 38,041.23 (31,407.6 7) 8,664. 67 (11,196. 27) 9,765.70 (8 ,7 76.92) 20,3 78 44. (1 6 ,0 2.55) 9 1 0 ,4 3 ,6 4 7 .3 6 (9 ,3 3 ,92.8 1 ) 3

O _ m a m { e `m
D e p o sits

24,9 52.42 (2 4,9 2.6 6 ) 9 39, 10.85 7 (46 ,9 44 .31 ) 134.68 ( -) 688.64 (2 ,763 .15 ) 26,2 45.58 (32 ,3 91 .28 ) 15,5 76.62 (20 ,9 11 .86 )

24,148. 78 (2 1, 9 6.53 ) 6 6,386.88 (7,54 3 .8 6 ) 2,447.45 (1 ,1 89 .0 0 ) 13,988.94 (1 0 ,4 8 4 .1 5 ) 2,684.58 (1,40 5 .3 8 ) 11,807.38 (7,223. ) 70

23,163.49 17,309.22 54,829.96 (20 ,8 4 9 .71 ) (15 202 .1 6 ) (4 5,80 1 .6 0 ) , 17,2 37.21 (2 5 ,4 3 2 .6 4 ) 80.61 (739. 7) 5 2,842.08 (2,953. 07) 3,873.88 (2 ,5 94 .4 0 ) 4,543.24 (4 ,16 7 .9 0 ) 10,140.95 47,080.98 (8 ,8 3 5 .11 ) (4 8 ,8 1 9 .2 8 ) 3,514.89 (2,289. 27) 6,748.88 (4,903.2 6) 19,109.04 (4 ,20 1 .9 4 ) 21,202.93 (17,474.77 )

A { J_
Advances

43,231.60 4,08,461.94 81,234.24 1,76,053.0 1 8 ,67 ,578 .8 9 (27,303.96) (3,54,683. 76) (69,72 8 .43 ) (1 ,3 6020 .4 3 ) (7 ,5 6 ,7 19 .4 5 ) , 11,9 56 02. 48,553.21 (6 ,5 40 .61 ) (56,742 .5 8 ) 5,107.03 (1 0,3 9.74) 4 54,935.00 1,62,855.50 3 ,1 2 ,17 .61 9 (52,689.05) (1,6 0 ,01 2.2 8 ) (2 ,9 5 ,6 057) 0. 1,27 ,0 0 556 . (1 ,1 9 ,5 68 .9 5 ) 1 ,73 ,20 5 .2 8 (1 ,5 5 ,3 24 .1 5 ) 1 ,6 1 ,9 8 3 .9 4 (1,41 ,68 5.14 )

{d{ZY m Z
Investments

C Y m a -a m { e`m
B orr w ings o

12,524.56 18,0 52.01 36,084.7 9 (5 ,69 0 .2 2 ) (1 5,20 4 .4 1 ) (4 0 ,99 .2 ) 6 6 28,022.95 23,057.3 8 (20,757.39 ) (20,783 .9 3 ) 4,002.97 (5 ,527.71 )

{ d X o_ ew r A m p V ` m
Foreign C u rrenyc A ss ts e

6,002.43 24,917.46 (6 ,1 5 0 .93 ) (27,064.10) 9,168.21 30,276.50 (7,40 6 .1 0 ) (2 3,21 6 .4 4 )

13,868.74 24,187. 0 5 (1 0475.55) , (17,608.64)

{ d X o_ ew r X om ` V m E
Fore ig C u rrenyc L ia blities n i

20,977.29 22,645.06 23,8 17.29 19,169.38 (1 5 ,5 06 .0 6 ) (22 ,6 13 .11 ) (1 5 ,0 4 6 .2 9 ) (20,065 .9 7 )

( H $ m o _|R { >X HJE m |m H $ _ Sm > Mo H oh $ ) E $A 31 2011

(Figures in brackets are as at 31st March 2011)

^ m a V r Q >~ o QH>>$d m { f a H m$2011-12 ` [ n oQ >


18.5 F $ U -O m o p I_ H )$
{ d dU a

180 1801
18.5 Exposures

State Bank of India > Annual Report 2011-12

W m g nm jo ad X

(` H $ a m |) S > _o
31 _ m M 01 31 _ m M 01 1 2 2 2 H $ ps W { V H $ ps W { V H oA $ Z w g m a H oA $ Z w g m a

fluctuations. a) Real Estate Sector Particulars As at 31-Mar- 012 2

(` in Crores) As at 31-M ar- 011 2

(I) `j F $ U - O m o p I_ i) A m d `m ~g r Y$ H 1,25,99 2.4 1,14,199.40 1 { O Z g_ o`20 b mI V H H $ o`{ $VJ A m g F $ 7 6,980 .0 73,628.78 | $ d mU 9 ii) d m { U p W` Hmg$ d an X m 12,67 4.3 14,011.31 8 iii) ~ Y gH_ ${ W VV ^ y {(E _ m rE g W m { V ` ~ |) V A { V ^ y { F $HU - $O Vm| _| p{ Id_{mZ Y m Z 1 5 4 .5 ` V o : 5 18 6.73 H )$ A m d `m g r 1 2 7 .6 4 1 64.86 I) d m { U p W` Hmg$d an X m 26.9 21 .8 7 (II) A`j F $ U - O m o p I_ a m A> m ` d ~m gH E$ Z E M V~ rW A mm d m g r ( ) { d Hm $ n ({EZ MmE | \$ _| r{ ZY{A m Y m [ a V ` )g A m J aa - {YZ A{ m Y m $[ aUV- O m o p I _ F `m o J

(I)

Direct exposure i) Residentia Mortgages l - Of w hic individua housing h l loans up to ` 20 lac 73,628.78ii) Commercia Real Estate l 14,011.31iii) Investments in M ortg Backed age Securiti (M B S and other es ) securitis exposures: ed a) Residential b) Comm erciaReal Estate l 1,25,992.41 1,14,199.40 76,980.09 12,674.38

154.55 127.64 26.90

186.73 164.86 21.87

(II) Indirect Exposure Fund based and non-fun based d exposures on Nationa Housin Bank (N H B ) l g and Housin Financ Com pani (H F g e es Cs) Total

5,84 7.03

6,226.05

5,847.03 1,44,668.37

6,226.05 1,34,623. 9 4

1,44 ,6 68 .3 71,34 ,6 23 .4 9

I) n y r O m O m ~ a
{ d dU a

(` H $ a m |) S > _o
31 _ m M 01 31 _ m M 01 1 2 2 2 H $ ps W { V H $ ps W { V H oA $ Z w g m a H oA $ Z w g m a

b)

Capital Market Particulars 1) Direct investment in equity shares, convertible bonds, convertible debentures and units of equity-oriented mutual funds the corpus of w hic is not exclusivel invested in corporate debt. h y Advances against shares / bonds / debentures or other securiti s or on clean basis to e individuals for investm ent in shares (includin g IPO s/E Ps), SO convertible bonds, convertible debentur s and e units of equity-oriented mutual funds. Advances for any other purposes where shares or convertible bonds or convertible debentures or units of equity oriented mutual funds are taken as primary security. Advance for any other purposes to the extent s secured by the collateral securit of shares or y convertible bonds or convertible debentures or units of equity oriented mutual funds i.e. where the primary securit other than shares/ y convertible bonds/convertible debentures/ units of equity oriented mutual funds does not fully cover the advances. Secured and unsecur d advances to stock e brokers and guarantees issued on behal of stock f Loans sanction to corporates against the ed brokers of shares/bonds/debentur s or securit y e and market makers other securiti s or on clean basis for meeting e promoter's contribution to the equity of new companies in anticipation of raising resources.

(` in Crores) As at As at 31-Mar-2012 31-Mar-2011

1) B { e o `Qa, m [r |a d V Z e r nS [ >a d V| , Z e r b $ >n b ~m m { S > ~ V|M W B m | { g ~ > `r y M b w\ A$ SH >$ m | a $Q s ` y { Z _|Q -> E m o `j { d { Z Y{ O Z H m s{H e $ m |g o m a $ { g \ $ m a - m $o Ua_ o|{ Qd {> Z YZ mt {ZH $J ``m h . H n F h m 1,91 2.1 8 2) e o ` a (mA |m B n r A m g {Bh V ), g A m o n r | o/ E n [ a d V b Z e r n S[ a> d mV | b Z Se r> ~ | M aB m | { A$ m > ar ~m , { Q g ~ X ` Y M w\ $ A bS_|>{ mZ d|e o $ aH Z {o bE e o ` a m |/ ~ m S > m | / y H o$ { S > ~ `m Aa | { V ^ y {H VoA `$ m |Ynam` m { ~ ZOm _ m Z V |M `m a H o ` ${ $ |` Hm $ { mX JE A { J . _ oE 6 .8 0 3) A { H r$ g` m Z HO o{ $bE A { J_O h em o ` a A W d m ` o m | n [ a d V b Z em r AS Wmdn | [ a d V Z{ eS r > ~ H|M $ am m o | ~ > m b A Wm dB { g ~ > `r y M b w\ A$ HS >$` ys { Z H Q $ >m m o | $Q m W { _{ H $^ Hy {o V$n _| { bm J `m h . V ` 35 5 .4 2 4) A { H r$ g` m Z HO o{ bE E o A o{ J { O Z {H bEo e$ o ` a m | ` o $ g _ A Wmdn [ a d V Z m r AS Wmmdn [| a d V Z Se r> ~ | M a m | b ~e > b { A Wm dB { g ~ > `r y M b w\ A$ SH >$` mys {| Z HQ $g> smn |m { H $ $Q { V ^ X {rJ VB h, A W m eVo ` a m |/ n [ a dbV~ Z Se r> m |/ y O hm m n [ a d V b Z Se r> ~ | M a mg |/ B `{ y M Qw\ >A$r SH >$ ms | { ~ $b ` y { Z H Q oA> $ {m V | $[ a m W { _{ H $^ A {{ VJ H _ $a sm {H e $ s V y n y - { V ^ y {o V$n _| A n ` m h U H . 1 6 8 .5 6 5) e o a` X b m Hb m m|{ Vo ^ Ay V A a { VV ^Ay { J A m a $ m _ e o a` X b m Eb m~| m O-m { aZ ` m _( H m$ m_ }|o $H Q$ >g ) d _ H H $A s m o Oa m gJ aomr a { Q > ` m 5 41 .2 1 6) g g m HY $Z~ mm To| >H m$ sZ o` m ge om BH $ Hn Z$B sr { _ |$ Q > r Z

1,912.18

8,868.34

8,868.34

2)

1 0.22

6.80

10.22

3)

0.39
4)

355.42

0.39

3 3.6 7
5)

168.56

33.67

7 73.95

6)

541.21 Nil 0.02

773.95 40.11 0.01

d V H H $$ e X H m ${Zmh gn y H m$ aH Z {o bE H $ m a n m o a o Q > m | A o m a o$ 7) HA ne ooV`o ajB m | /{ dmm hS /emoA | {HS {_>ogVm~ ^| |M H{AVm` n d{ m ` m | $m ny o a $ W |m |Z j $ m{ ~ $ Q > r> {m `Z /J` `a H oEm y Fnam 0.02 H $ 40 .11 0.01 ~ o$ {OmX_JEAnZmVa YH $ $gUa d r H $ U V r F $ {Z a 8) e o ` a ` m n| [ a d V b Z e r A S Wmmdn [| a d V Z Se r> ~ | M a m | m ~m > b { ` m B { g $ ~ > `r y M bw\ A$ SH >o mm |W {e _o aH { $Z J _ Q $ ` H og ~ _ |Y H $m { aH m $ J``m h m _ r XH m ma ra m o ~ m a . $ ~ m $ {Z aH $ {Z aH $ 9) e o a` X b m Hb m_ m|m o { O $Z` - {` dH Ho{ bE { d m n m o f U $ H $$ {ZaH $ {Z a H $ 1 0) C - n y { OZ r{ Y g ` ogm | ~ F YU -VO m o p I _ _ {$ ( n O r V W J$ ma - n O Xr Hm o$Z Vm |) H V 5 86.07 6 08.61

7) 8)

Bridg loans to companies against expected e equity flows/issues. Underwriting commitme ts taken up by the n Banks in respect of prim a issue of shares or ry convertible bonds or convertible debentures or units of equity oriented mutual funds. Financin to stock brokers for margin trading. g

Nil Nil 586.07

Nil Nil 608.61

9)

10) Exposu to Venture Capita Funds (both res l registered and unregistered)

^ m a V r Q >~ o QH>>$ d m { f a H m$2011-12 ` [ n oQ >


n y ~O mr O _m| Ha w F $U -O m op I_ $b 3 ,5 7 0 .2 6 10,335.30

181 1811

State Bank of India > Annual Report 2011-12


Total Exposureto CapitalMarket 3,570.26 10,335.30

J)

O m o_p Id J da m o e J O m o p I_ X V ^ m a V [ ra O ~ d HH $od $V _{ m Z m - { Z HX oA$ eZmw | g ~m aHH $oX $ o e ad F $ U - O m_ oH p $IdmJ u H U$ a Z Z V m { b _| g$ ymM ~{ d {^ O m o d J ]m_| { H m J` `m h . ` y E E H $ Nm > o m o { SH >$ H^r$ a , ` Xe } , m { H r pI_ $ g rg X eo H o{ $bE ~ HH $$ Xs o V J O m o p( IH w {$ Z { Y) H $g H H w F $b A m p | V `o1% go A { Y$ H h h A m B ag {E `y E E h o VX wo e J O mI_p H $ mm d Z {mH m J `m h . e _ b B s $ $U H m$ Zt b g V o Y $`
R isk C ategory wise Country Exposure As per the extant R BI guidelins, the country where exposur of the Bank is categorised into various risk categories listed in the following table. The country exposu (net funded) of the e e re Bank for any country does not exceed 1% of its total assets except on USA and hence provision for the country exposure on U SA has been (` H $ a m o` In >crores) _|/ S made.

c)

O m o_ pdIJ
Risk Category

F $ U - O m_ o({Zdb) pI
Exposure (net)

{ H $ Jm m d Y m Z ` `m
Provision held

31 _ m M H $ s 2012 p W H{ oA$ Z w g m a V
As at 31-Mar-2012

31 _ m M H $ s 2011 p W H{ oA$ Z w g m a V
As at 31-Mar-2011 901.43 53,241.04

31 _ m M H $ s 2012 p W H{ oA$ Z w g m a V
As at 31-Mar-2012

31 _ m M H $ s 2011 p W H{ oA$ Z w g m a V
As at 31-Mar-2011

ZJ`/Insignificant ~ hV H $ _Very Low / H $ /_Low _ _ H $ _Low Medium ` / _`_/Medium A { Y HHIgh /$ A ` { Y /H $ HIgh Very { V ~ {/Restricted YV F $ A ` m o/Off`-Credit U `m o/JTotal
K)
d)

5.93 60,691.68 833.76 9,782.76 3,541.64 2,067.30 1,208.60 3,965.87

{ Z a /Nil $ H
27.89

{ Z a /Nil $ H
23.68

b my JZht/N A
11252.64

b my JZht/N A
1,773.20 2,206.31 4,098.94

{ Z a /Nil $ H
82,097.54

b my JZht/N A
73,473.56

{ Z a /Nil $ H { Z a /Nil $ H { Z a /Nil $ H { Z a /Nil $ H { Z a /Nil $ H { Z a /Nil $ H { Z a /Nil $ H


27.89

b my J Zht/ A N b my J Zht/ A N b my JZht/ A N { Z a /Nil $ H { Z a /Nil $ H { Z a /Nil $ H b my JZht/NA


23.68

~ H $ m A m V H V$E{ H b$ C Y m a H V$ Wmgmm y C Y m a H F$ $ U -Om _ p Ir_ H $ m` m o :a m a{ _ _h m m og m


Single Borrower and Group Borrower exposure Limits exceeded by the Bank :

~ HZ $o{ Z Z {b VI_ m _ b| m ` W m o {gM _ H oA$ { V H $_|_ E H b$ C Y m a H F$ $ U -Om op{IbE : p _| V rm U m m _


The Bank had taken single borrower exposure in excess of the prudential limit in the cases given below

(` H $ a m_|/` In>crores) o S
31.03.1 H $ps W { V 2 H oA $ Z wa g~ m $ m ` m H
Outstanding as on 31.03.12 6,867.32 24,374.33 13,522.21

C Y m a HH $$ Zmmm m_
Name of the Borrower

F $ U - O m_ oHp $I s C m g r _ m _
Exposure ceiling 14,779.58 14,783.26 24,632.64 24,638.76 14,779.58 14,783.23

g d r Hgr _ m g r m H oA $ { V H H _ A d { Y $V _ $ $U s (M _ V a ) a
Limit Sanctioned (Peak Level) 15,214.49 15,358.18 28,953.68 28,114.56 17,670.00 17,670.00 Period during which limit exceeded

[ a b m g` S > {b. > r O B Q


Reliance Industries Limited

B { S A mZ b `H $ m a n m o a o e Z >` {b.
Indian Oil Corporation Ltd.

^ mVa h o r d B b o p Qg {b. $ > H


Bharat Heavy Electricals Limited

O Z dra2012/January 2012 V W m \$ a dra2012/February 2012 A 2011 g oO Z dra2012/April 2011 to January 2012 b \$ a dra2 0 1 g o _ m M February 2012 to March 2012 2 2012/ A 2011 g oO Z dra2012/April 2011 to January 2012 b \$ a dra2 0 1 g o _ m M February 2012 to March 2012 2 2012/

Note: Exposure on R IL, B H E & IO C are within the discretion given to Banks by R BI (additional 5% of capital funds, over Prudential Limits). L L

{ Q > n A m a A m B ~r E M Bb A Ema A m B A bm go g r E~ V{ F $U O m o _ ^ m a V r[ a O ~d H $ m ~a m H H$ $m{m|XEo JE { d d o H $ m a {({d H o H F $ U - g r_ m| A mV w m _| n y OVr{J Z { Y ` m | Ur , b o Y {I ` Y d$m$ s H s$ bZ go 5% A { Y H $ oA$ aXh & )H

L)

A { V VyA { J_ ^
{ d dU a

(` H $ a m |) S > _o
31 _ m M 01 31 _ m M 01 1 2 2 2 H $ ps W { V H $ ps W { V H oA $ Z w g m a H oA $ Z w g m a

e)

Unsecured Advances Particulars As at 31 Mar 2012

(` In crores) As at 31 Mar 2011

H $ ~) H $H $ w A$ b { V ^Ay {VJ _ o 1 ,64 ,4 79 .17 3,01 8.5 8 1,5 i) B Z g oA { J H_ m sm { Oe , m oo ` ab m B g |g , _| $a | e , m { Y AH m$ m{ Xa $ n_ |_ y { V ^ y {H Vo `$ m | H o V ^ m naa ~ H $ m `. m h 4,84 8.2 4 7 9 5 .7 2 ii) B Z_ y { V ^ y {H V$`mm | $ { _b yV ` V m ( D $ n ia H A $Z w g m a ) () o 4,1 59 .4 8 4 ,1 14 .30 18.6 { d { d Y H $ ^ m a V r[ a O ~d H $ m b JmE JE A W X $ SmH> $ Q| > Z ) ` am H m `0.10 H $ a m { on NSo >d bf `0.13 H $ a m o S > ) ( > I) E gO rE \ $ m _ Hm oC$ Z na b JmE JE A W X S > b ] K ~ Hna$ E g O rE \ $ m _H moC $] ZKna { H $r V h H $ Am W ZX ht bSJ >mm` J `m h & b ga

a) Total Unsecur d Advances of the bank e 1,64,479.17 1,53,018.58 i) Of which amount of advances outstanding against charge over intangible securities such as rights, licenc authority etc es, 4,848.24 795.72ii) The estimated value of such intangible securiti s (as in (i) above). e 4,159.48 18.6 Miscellaneous a) Disclosur of Penalties imposed by R B I e ` 0.10 crore (Previous year - ` 0.13 crores) b) Penalty for Bouncin of S GL forms g No penalty has been levied on the Bank for bouncin of S GL Forms. g

4,114.30

18.7 b o I m ZH_ $ Z HH $ om $ Z w ag mH $ Z A n o j m E m A| Q> H $ H $ _ M m{ h rV b m ^ ) - a i. { Z V { h V b ^ ` m o O Z m E ` m ~ H $m {a Zm ` V d V ~ r _ m { Hm $~ a Hm_ $m _{ y $` H $ HA $$Z Zw g ZVa { h V b m ^ w r H mH o {m` n |eZ ` m o OE Zd Jm o H` w$p Q W r {{ ZV V m { b _|H $ m w VJ sB h : (` H $ a m_ |) S > s > Z V H $ o
{ddaU n |e Z` m o O Z m J o `w Q > r M m dbf y { n N >d bf M m dbf y { n N >d bf m m

18.7 Disclosu Requirements as per A ccounting Standards re a) Empl yee Benefits o i. Defined Benefi Plans t The following table sets out the status of the defined benefit Pension Plan and Gratuity Plan as per the actuaria valuatio by the independen Actuary l n t appointed by the Bank:(` In crores) Particula rs Pension Plans C ur ent Previous r Year Year Gratuity C urrent Previous Year Year

{ Z ` V h V b X m { H` do dV _ m Z { m^ $ _ y ` _| n [ a d V Z 1 A b 2 0 1 H ${ mZV`o{ h V ^b Xm m { ` d ` m o H $ZA mm a e {o ^f H $ O 3 3 ,8 7 9 .3 2 1 ,7 1 5 .6 5 ,8 1 7 .1 9 3 ,8 8 9 .1 4 0 1 { d b E d A { Y UJ nahX o ` V m E ` 2 5 .0 3 4 8 4 .0 1 3 3 .2 0 5 1 2 0 .4 7 d V g _o mdb m V Z J m 9 5 00 .4 8 9 2 8 1 7 8 6 .2 .6 1 4 4 .3 8 `mO bmJV 2 ,8 7 9 .7 4 1 ,8 9 0 .0 2 4 9 4 .4 6 3 0 3 .8 0 n y gd o db mm J( V Z { bh m )^ { V 8 2 .0 0 n y gd o db mm J( V [ a e m o { Y V ) n 4 2 5 .0 0 n y gd o db mm J( V m a { j_V|_ `mm | ` A { Z { b m )^ hV - 7 ,9 2 71 .4 n y gd o db mmV J( m d Yg mg _Z mm ` |m o { O V o { Z {bm ^) hV - 1 ,3 0 6 .7 0 6 7 5 .0 0 E M wh [ma ({b Zm )^ ` 7 8 1 .4 6 1 ,1 8 8 .7 0 3 6 7 .6 4 7 3 1 .3 2 g Xb mm ^ (1 ,1 4 0 .3 7 )(7 4 4 .7 5 )(5 2 8 .3 8 ) (4 7 1 .9 2 ) ~ H $ ` ^ mw aJ mV m Z j (9 3 1 .8 8 (7 8 0 .6 7 ) ) 31 _ m 2M 0 1 H ${ mZV`o{ h V ^b Xm m { ` d 2 ` m o H $ZB m{ V e o f O 3 6 ,5 2 5 .6 3 3 ,8 7 9 .3 6 ,4 6 2 .8 2 5 ,8 1 7 .1 9 8 0 ` m o OA Zm mp _|V n `[ma d| V Z 1 A b 2 0 1 H $` mm oo A m m V ` m | O Z p H $A m m a C { {^ M_ y$V ` H 1 6 ,8 0 0 .1 1 4 ,7 1 4 .8 4 ,1 0 2 .2 5 3 ,8 1 1 .2 8 0 3 { d b E d A { Y J n ahAU V A[ amV p V ` m 2 5 .0 4 8 4 .0 ` 3 0 1 2 0 .4 7 A { Z { Y A m |V ga U ` ` o 2 .1 6 ~ H m a m _ h g Ja mXm Bhm $ V ` m o O m mp naV `m` mV { { V ^b m 1 ,3 4 41.0 1 ,2 1 55.2 3 2 8 .1 A Z | e 8 3 1 2 .2 8 { Z ` m o m A$ a mm e X m Z 1 0 ,0 4 6 .6 4 8 4 8 .1 21 ,3 1 5 .0 0 3 2 8 .2 0 X { m V b m ^ h ( 1 ,1 4 0 .3 7 (7 4 4 .7 5 (5 2 8 .3 8 (4 7 1 .9 2 ) ) ) ) ` m o A m mp naV ~ ` r m_ m| b {mH ^$/(Hh $m { Z 3 0 6 O Z ) 1 .1 2 8 2 5 .6 3 2 .5 8 1 .9 4 31 _ m 2M 0 1 H $` mm oo A m mp H Vo $` m | 2 O Z C { M_ yV H` $B m{ V e o f 2 7 ,2 0 5 .5 1 6 ,8 0 0 .1 5 ,2 5 1 .7 9 4 ,1 0 2 .2 5 7 0 X m { H` od dV __ ym` VZ W ` mm o O Z m $ A m p HV C` $m M_ y ` H $g m_ m Y m Z o { | V 31 _ m 2M 0 1 H ${ mZ {o Y H ${H ` $ m 2 X m d d V __ ym `Z 3 6 ,5 2 5 .6 3 3 ,8 7 9 .3 6 ,4 6 2 .8 2 5 ,8 1 7 .1 9 8 0 31 _ m 2M 0 1 H $` mm oo A m mp H V$ `m m | 2 O Z C { M_ yV ` 2 7 ,2 0 5 .5 1 6 ,8 0 0 .1 5 ,2 5 1 .7 9 4 ,1 0 2 .2 5 7 0 H $ _ r / ( A {)Y e o f 9 ,3 2 0 .1 1 7 ,0 7 9 .2 1 ,2 1 1 .0 3 1 ,7 1 4 .9 4 0 b o I_ o oZ h br J B n y gd o db m J V t m ( { Z { hBV{ )V e o f - 3 0 0 .0 0 4 0 0 .0 0 b o I_o oZ h br J B n [ a d VX o `BV { mV e o f t Z { Z bd X o ` V m / ( )A m p V 9 ,3 2 0 .1 1 7 ,0 7 9 .2 0 9 1 1 .0 3 1 ,3 1 4 .9 4 1 V w bZ_| ne m { _H $J sB am { e b X o `V m E 3 6 ,5 2 5 .6 3 3 ,8 7 9 .3 6 ,4 6 2 .8 2 5 ,8 1 7 .1 9 8 0 A m p V `m 2 7 ,2 0 5 .5 1 6 ,8 0 0 .1 5 ,2 5 1 .7 9 4 ,1 0 2 .2 5 7 0 V w b _| en m b{ _ Zbd X o ` V m / ( )A m9 p,3 2V0 .1 1 7 ,0 7 9 .2 1 ,2 1 1 .0 3 1 ,7 1 4 .9 4 Z { 0 b oo I_| Z th br J B n y gd o db m J V m ( { Z { hBV{ )V e o f - 3 0 0 .0 0 4 0 0 .0 0 b oo I_| Z th br J B n [ a d VX o `BV { mV e o f Z H w X $ ob ` V/ Am mE p V ` m 9 ,3 2 0 .1 1 7 ,0 7 9 .2 0 9 1 1 .0 3 1 ,3 1 4 .9 4 1 b m^ A m h ma I{ mZ V_| oe m { _ b {Zb b m JV d d V g _o mdb m V Z J m 9 5 00 .4 8 9 2 8 1 7 8 6 .2 .6 1 4 4 .3 8 `mO bmJV 2 ,8 7 9 .7 4 1 ,8 9 0 .0 2 4 9 4 .4 6 3 0 3 .8 0 ` m o O Z m -na m p` mVV{ {` V ^b m ( 1,3 4 4 .0 1(1 ,2 1 5 .2 5 ) 3 2 8 .1 8 (3 1 2 .2 8 ) A em | ) b o I_o |br J B n y gd o db mm J( V [ a e m o { Y V ) n - 1 0 0 .0 0 2 5 .0 0 b o I_o |br J B n y gd o db mm J( V Z { bh m )^ 8 2 .0 { V 0 6 7 5 .0 0 d f Xo $m e m m { _ Z bd ~ r _ m { H $ H $ H a b{ Z h m { (Z b`m ^ O) , mb oo I_o |{ b EJ E m 6 5 1 .3 0 9 0 6 .0 5 3 3 5 .0 6 7 2 9 .3 8 { ZV` b m ` m o O HZ mH s A b mmV| JA Z w g y M r ^ $ w $b 16 " " H $ _ H M$^ mwm Jo[ VA `mm C Z| Za { boE$ a H m d Y _m|e Z ''{ _ H $J ` mh . m {b m 3 ,2 1 9 .4 3 2 ,4 7 3 .1 0 7 8 0 .0 0 1 ,5 6 5 .2 8

C hang in the presen value of e t the defin benefi oblig ed t ation O penin define benefit o b li ation g d g at 1st A p irl 2011 33,8 79.30 21,715.61 5,817 .1 9 L iablity on m e ger a nd a c q u isitio i r n 2 5 .0 3 4 8 4 .0 0 1 3 3 .2 5 Current S ervice Cost 950.40 892.28 178 .6 6 Interest Cost 2,879.74 1,890.02 49 4 .4 6 Past Service C ost (Vested B en ) efit 8 2 .0 0 Past S ervice C ost (A m ortise d) Past Service C ost (Vested B enefit reco gnisein R eseves d r ) 7 ,927 .41 Past Service C ost (Vested B enefit adju from P ro visions sted ) 1,30 6. 70 A ctu arialosse (gains l s ) 7 81 .4 6 1 ,188 .7 0 367.6 4 B en paid efits 37) ,1 40(744 75) (52 8.38 ) (1 . . D irec P aym enby B an t t k (9 31 .8 8 ) (7 8 0 .6) 7 C lo sin d e find b en fit o b li ation g e e g at 31st March 2012 3 6,5 25 .6 8 33 ,8 79 .3 0 6,462 .82 C h ang in P lan A sses e t O penin fair value of P lan A ssets g as at 1st A p il 2011 r 16,800.10 714.83 4,102 .25 14, A sset transferred on m erge r and acq uisitio n 2 5.03 48 4.00 Transfer from othe fund r 2 .1 6 Dearness R eli P ai by B an ef d k E x pect Return on P lan A sset ed s 1,344.01 1,215.25 328 .1 8 Contribution by em plo er s y 10,046.64 848.12 1,31 5 .0 0 B en Paid efits (1 ,1 40 . 37) (744 75) (5 2 8.3 8 ) . A c tu a ria a in / (L o sson plan Asset lG s ) s 130.16 282.65 32 .5 8 C lo sin fa ir v a lu of p la assets g e n as at 31st M arc 2012 h 27 ,20 5.57 1 6,80 0.10 5 ,251.79 Reconcliatio of present value i n of the obli ation and fair value g of the plan assets Present Value of Fund d o b ligtion e a at 31st March 2012 3 6,5 25 .6 8 33 ,8 79 .3 0 6,462 .82 Fa ir Value of P lan assets at 31st March 2012 27,205 .5 7 1 6,80 0.10 5,251 79 . Deficit/(S urp lu s) 9 ,32 0.11 17,07 9. 20 1 ,2 1 1 .0 3 U nreco gnise P ast Service C ost d (Vested) C lo sin B alanc g e 30 0 .0 0 U nrecognisd TransitionaL ia blity e l i C lo sin B alane g c Net Lia b ility/(Asse t) 9,320.11 17,0 79. 0 2 911 .0 3 A m ounR ec ognise in the B ala nc Sheet t d e L iab ilities 3 6 5 25 .6 8 3 3,8 7 9 .30 6 ,462 .82 , A sset s 27,205.5 7 16 ,8 00 .1 0 5,251 .79 Net L ia blity / (A s setrec ognised i ) in B alanc Shee e t 9 ,3 20 .1 1 17,0 7 920 1,2 1 1 .0 3 . U nreco gnise P ast Service C ost d (Vested) C lo sin B alanc g e 30 0 .0 0 U nrecognisd TransitionaL ia blity e l i C lo sin B alane g c Net Lia b ility/(Asse t) 9,320.11 17,0 79. 0 2 911 .0 3 Net C os recognis d in the profit t e and loss account Current S ervice Cost 950.40 892.28 178 .6 6 Interest Cost 2,879.74 1,890.02 49 4 .4 6 Expect return on plan assets ed (1,3 4 4 .0 1 ) (1 ,2 15 .25 ) 32 8.1 8 Past Serv ice C ost (A m o rtis R eco gnis ed) ed 10 0 .0 0 Past Service C ost (Vested B en efit) Reco g n is ed 8 2 .00 Net actu arialo sse (G ain recognised l s ) d uring the year 651.30 9 0 6 .0 5 33 5.06 Total costs of defined benefit plans includd in Sched ul16 P aym entto e e s and provision for e m ploees s y 3,219.43 2,473.10 780 .0 0

3 ,8 8 9 .1 4 120 .4 7 1 4 4 .3 8 3 0 3 .8 0 4 2 5 .0 0 675 .0 0 73 1 .3 2 (471 .92) 5 ,817 .1 9

3 ,8 1 1 .2 8 120 .4 7 3 1 2 .2 8 3 2 8 .2 0 (471 .92) 1 .9 4 4 ,102 .25

5 ,817 .1 9 4 ,102 .25 1,71 4 .94 4 0 0 .0 0 1 ,3 1 4 .9 4 5 ,817 .1 9 4 ,102 .25 1,71 4 .94 4 0 0 .0 0 1 ,3 1 4 .9 4

1 4 4 .3 8 3 0 3 .8 0 (3 12 .2 8 ) 2 5 .0 0 675 .0 0 72 9 .3 8 1 ,5 6 5 .2 8

{ddaU

n |e Z` m o O Z m Jo `w Q > r M m dbf y { n N >d bf M m dbf y { n N >d bf m m

Particulas r

Pension Plans C urrent Previous Year Year

Gratuity C urrent Previous Year Year

A m ~ ra_ m { {HV$ b^Hm$ $g m_ m Y m Z H ` m o A m mp naV `m ` mV { V b m ^ 1 ,3 4 4 .0 1 1 ,2 1 5 .2 5 3 2 8 .1 8 3 1 2 .2 8 O Z | {e ` m o A m mp naV ~ `r m_ m| b {mH ^$/(Hh m { Z 3 0 6 O Z $ ) 1 .1 2 8 2 5 .6 3 2 .5 8 1 .9 4 ` m o A m mp n Va~ ` r m_ m| {{ HV $b H $^ 1 ,4 7 4 .1 7 1 ,4 9 7 .9 0 3 6 0 .7 6 3 1 4 .2 2 O Z m V w b Z_|ne m { _{ Z bd X o ` V m / ( A m p V ) b H AW A m B {a eV of H $g m_ m Y m Z o$ 1 A b 2 0 1 H $p s W H {AV$Z w {gZmd b o a m a X{ ^o H V $ m ` 1 7 ,0 7 9 .2 07 ,0 0 0 .7 8 ,3 1 4 .9 4 7 7 .8 6 1 b m A^ m h ma I{mZ V |eo m { _ b _ `` 3 ,2 1 9 .4 3 2 ,4 7 3 .1 0 7 8 0 .0 0 1 ,5 6 5 .2 8 { d b / A { Y UJ g h{ Z bd X o ` V m E 1 3 1 .0 ` o 9 A ` m d Y H mZo Zm$ m_ o| - 1 ,3 0 6 .7 0 A m a {_ j |_V mr ` - 7 ,9 2 71 .4 { Z ` m H o $A $m m e X m Z ( 1 0 ,0 4 6 .6 4 ) 4 8 .1 2(1 ,3 1 5 .0 0 ) (3 2 8 .2 0 ) (8 ) V w b _| en m b{ _ $J Bs {Z bd X o ` V m / Z H (A m p V ) 9 ,3 2 0 .1 1 7 ,0 7 9 .2 0 9 1 1 .0 3 1 ,3 1 4 .9 4 1 3 1 _ m 2 0 1 2H $p s W H { oA $ Z w Jg mo a { ` Zw { AY m nr |e Z{ Z { HY $` m o O- A mm p HV o ` $m | M V Q > a s Z A Y r {Z H J$ EE{ d { Z Y Zm ZZ m h Z: w g m a { n |e { Z Y Z { J o { ` Zw { QY > r A m p HV $l` o U| r sm ` m o OA Zm mp HV $% | ` m o OA Zm mp HV $% | `m `m H |$g H $H m$ a{ V ^ y { V ` m a s a m a` H $H m$ sa{ V ^ y { V ` m g H $ m a ~ n mm o S a >o Q > ~ r _ m H ~$ VAYmY r{ZZ { Y ` m A` `m o J _ w ~I r _ m { H $$ b$Z m H {ddaU ~ X> am ` m o O Z mpn aV { V b H $^ s Am m ` m {Xe aV d o V~ Z T > m o V a r ` m o O_ ZA m{ Y H / V m _ r | $H$ V w - Zn _| _ m ` me { b a 3 0 .3 4 2 2 .6 3 3 6 .0 6 0 .0 0 1 0 .9 7 1 0 0 .0 0 2 0 .4 9 2 2 .3 0 3 2 .7 1 1 9 .2 5 5 .2 5 1 0 0 .0 0

Rec oncliatio of expect return i n ed and actua return on P lan A sse l ts E xp ect Return on P lan A sset ed s A c tu aria a in (lo ss on P lan A sset lG / ) s A c tulaReturn on P lan Asset s Rec oncliatio of openin and clo sin g i n g net liability/ (asset recognis d in ) e B alanc Sheet e O p enin N et L ia blity as at 1st A p il 2011 g i r E xpenseas reco gnise in profit and s d lo ss account Pa id by B an D rectl k i y D ebit to O the Provisio ed r n Reco gn ise in R eseve d r E m ploers C on tr utio y ib n Net liability/(A sserecognis d t) e in B alance Sheet

1,344.01 130.16 1,474.17

1,215.25 282.65 1,497.90

3 2 8 .1 8 3 2 .5 8 3 6 0 .7 6

3 1 2 .2 8 1 .9 4 3 1 4 .2 2

17,079.20 3,219.43

7,000.78 2,47 3.10

1 ,3 1 4 .9 4 78 0 .0 0

77.8 6

1 ,5 6 5 .2 8 (32 8.2 0 ) 1 ,3 1 4 .9 4

(93 1.88 ) (7 8 0 .6 ) 7 1,306. 70 7,927 .4 1 (1 0 ,0 46 .6 4 ) (8 4 8 .1 2 ) (1,31 5 .0 0 ) 9,320.11 17,079.20 9 1 1 .0 3

In ve ent unde P lan A ss ts of Gratu it Fun & P ensio Fund as on 31st M arc 2012 are as stm s r e y d n h fo llows: Pensio Fund n Category of A sse ts Central G o vt S ecuritie . s State Gov t. Securities C orpoate B o nd s r Insure M ana ed Fund r g s O thes r Total P rincipaactuaria assumptions l l Particu lars Pension Plan s C urrent P revious Y ear Y ear 8 .7 5 % 8 .5 0 % 8 .6 0 % 5 .0 0 % 8 .0 0 % 5 .0 0 % Gratuity Plans C urrent Previo us Y ear Y ear 8 .5 0 % 8 .5 0 % 8 .6 0 % 5 .0 0 % 8 .0 0 % 5 .0 0 % % of P lan A sses t 30.34 22.63 36.06 0.00 10 .9 7 100.00 G ratu ity Fun d % of P la A sses n t 2 0 .4 9 2 2 .3 0 3 2 .71 1 9 .2 5 5.2 5 100 .0 0

n |e Z` m o O Z m E J o ` `mw oQ O > Zr m E M m dbf y { n N >d bf M m dbf y { n N >d bf m m 8 .7 5% 8 .5 0 % 8 .5 0 % 8 .5 0% 8 .6 0 % 5 .0 0 % 8 .0 0 % 8 .6 0 % 5 .0 0 % 5 .0 0 % J o ` `mw oQ O > Zr m H $ g m_ m H $ g m_ m H $ g m_ m H o$ gm _ m V oV oV oV d f d f d f d f


3 1 -0 3 -2 0 0 3 1 -0 3 -2 0 1 3 1 -0 3 -2 0 1 31-0 3-2 012 9 0 1

8 .0 0 % 5 .0 0 %

D is o unt Rate c E xpect R at of return on ed e P lan A sset S a lay E sca latio r n Surplu / D eficiin the P lan s t

Gratuity P lan A mo un R eco gnis in t ed ended the B alance et She Year ended Year ended Year ended Year 31-03-200931-03-2010 3 -2 0 1 1 3 1 -0 3 -2 0 1 2 31-0 3,889.14 5,817 .1 9 3,811.28 4,102 .25 77.86 1,71 4 .94 4 0 0 .0 0 7 7.86 1 ,3 14 .9 4 (0 .4 0 ) 7.89 879 .37 1 .9 4 6 ,462 .82 5 ,251 .79 1 ,2 1 1 .0 3 3 0 0 .0 0 9 11 .0 3 367.6 4 3 2 .5 8

d f A $ _V |X o ` V m H o 3 ,7 7 8 .1 83 ,8 8 9 .1 45 ,8 1 7 .1 96 ,4 6 2 .8 2 d f A $ _V|` m o OA Zm mp V ` m | H o H $C m{ M_ y ` V 3 ,7 4 6 .7 33 ,8 1 1 .2 84 ,1 0 2 .2 55 ,2 5 1 .7 9 A V a 3 1 .4 5 7 7 .8 6 1 ,7 1 4 .9 41 ,2 1 1 .0 3 A _ m n y g`d o db mm J V - 4 0 0 .0 0 3 0 0 .0 0 A _ m h `V m X V `aVU m o V w b Z _- n_ m m` { e | a 3 1 .4 5 7 7 .8 6 1 ,3 1 4 .9 4 9 1 1 .0 3 A Z w g d m `m o O Z ^_ ` m o OX Zo `m(Vb m ^ ) / h m { Z m (9 0 .8 1 ) (0 .4 0 ) 8 7 9 .3 7 3 6 7 .6 4 ` m o O Z mp( h V { Z ) / b m ^ Am m (1 .2 4 ) 7 .8 9 1 .9 4 3 2 .5 8 ` m o O_ ZA m{ Y H $ V m / H $ _ r | n |e Z V w - Zn _| _ m ` me { b a 3 1 -0 3 -2 0 0 3 1 -0 3 -2 0 1 3 1 -0 3 -2 0 1 31-0 3-2 012 9 0 1 H $ g m_ m H $ g m_ m H $ g m_ m H o$ gm _ m V oV oV oV d f d f d f d f d f A $ _V |X o ` V m H o 1 9 ,3 2 8 .7 2 1 ,7 1 5 .6 3 3 ,8 7 9 .3306 ,5 2 5 .6 8 1 d f A $ _V|` m o OA Zm mp V ` m | H o H $C m{ M_ y ` V 1 3 ,7 1 0 .1 1 4 ,7 1 4 .8 1 6 ,8 0 0 .1207 ,2 0 5 .5 7 3 3 A V a 5 ,6 1 8 .5 9 7 ,0 0 0 .7 8 7 ,0 7 9 .2 0 ,3 2 0 .1 1 1 9 A _ m n y g`d o db mm J V A _ m h `V m X V `aVU m o V w b Z _- n_ m m` { e | a 5 ,6 1 8 .5 9 7 ,0 0 0 .7 8 7 ,0 7 9 .2 0 ,3 2 0 .1 1 1 9 A Z w ^ d g _ m `m o O Z

L ia blity at the e nd of the year i 3,778.18 Fa ir Value of P lan A sses at t the end of the year 3,7 46. 3 7 Difference 31.45 U nrecognise P ast Service C ost d Un reco gn is Transitio L iab ed n ility A m out Recognised the B alance t n in Shee 31 .4 5 Experience justm ent ad On P la L ia blity ( G a in / L o s n i ) O n P lanA sset(L o s s) G a in / Surplu /D eficiin the Plan s t (9 0 .8 1 ) (1.24)

Pension A m oun R ecognis d in t e the B alanc Sheet e L ia blity at the e nd of the year i Fa ir Value of P lan A sses at t the end of the year D iference f U nrecognise P ast Service C ost d Un recog nis Transitio L ia blity ed n i Year ended Year ended Year ended Year ended 31 -0 3-200 931 -03-2 013 1 -03 -20 11 3 1 -03 -20 12 0 19,328.72 21,715.61 33 ,8 7 9 .3 0 3 6 ,52 5 .6 8 13,710.13 14,714.83 16 ,8 0 0 .1 0 27 ,20 5 .5 7 5,618.59 7,000.7 17,0 7 920 8 . 9 ,3 2 0 .1 1

` m o OX Zo `m(Vb m ^ ) / h m { Z m 1 ,6 7 7 .8 0

9 0 5 .0 7 5 ,2 5 2 .3 7 1 ,1 8 8 .7 0

` m o O Z mp( h V { Z ) / b m ^ Am m

1 2 4 .7 4 2 3 3 .1 2 2 8 2 .6 5 1 3 0 .1 6

A m o nt R ecognised the B alance t 5,61 8.59 u in Shee E x p eriencadjustm ent e On P la L ia blity (G a in )/Lso s n i O n P lanA sset( L o ss/) G a in 9 0 5 .0 7 124.74

7 ,0 00 .7 8 17,079.20 5 ,25 2 37 1 ,188 .7 0 . 233.12 2 8 2 .6 5

9 ,3 20 .1 1 1,6 77 .8 0 1 3 0 .1 6

^ m r d d o Z ~ T > mH o$ nVmy a dr m ~ rw_ _m m Z _, y$Z` H$ $ { V \$ b Z w m H\ $$ sm{ V V Z {H H m ,_ g _ m d o, edZ[ a >, V X m o V W V m` g ~ K Q > H Wm m m| , o O J m a -_|~ Am mO nmy { V nm {A ` $ a A m a H mps JW H VoA$ m Y na {a H $ J m h . Bg H $ m oaA$ Z wZ_~mhV b~ r _$ { m ` `m H A d { H o{$bE h A m Aa VVr H og$r {V A Z w ^ d / g { > ^{d` H s$ A n o j m| A a Y _ H $Q nm A m Y VmZ[ ht h A Z w ^ d`Og ` ^r `hr g H H $$ Va hV{ oH ~$ hV b ~ A d { H o $ a . m o r Y X m -m g ZVV C d o V ~Z T > mH o$ Va aV hroZ m d Z h h , b o I m n a r j| H $Bmg o a a g ^ t Zo d r H ${ m a$ h m H ` . ~ m oH S o{ $Z >X o eZ Ho^ $mVa g| a H a$ Hm on { X Z m 25{ H $ZVdra2012 H oA $ Z w _ m o$ X Z m $ O H m A Z w U a $ a hV ,oEE g ~ r AmH B$ _ n |eZ {a Zr Y{ H o{Z ` 10 H $ gm oe m o {{ HY $V` m gH M m $ _ h { O g| _n h o d o Z H o10% V H g$r { V A e X H $Z s m H $ hJ rB W ,rV m {CHg _ | b V $ _ m ~ V $ ~ r _ m { _Hy $ `Hm$ HH o A$ Z w a g{mZY{ _| A e Z m s$ A Z wV _ Xr Om g H .o H $ { W V $ X H { $ g e mZ oHYs$A { Y g m M mVa H oa $m O n_| { H $ Z m .YB rg H no[ $ U m _ d f o $ y ^ Z `h a n $H X m ~a m HZZ `9,518 H $ a H $o{m dS e>fo m d Z Im oVgo E g ~ r A m B$ _ nM|e m a r o$ m o Y m H Z { Z Y ` g H $ Am o VV [ {a H m h . { m $`
ii. H $ _ M m a r { Z { Y ^{d`

The estimates of future salary growth, factored in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors such as supply and demand in the employment market. Such estimates are very long term and are not based on limited past experience / immediate future. Empirical evidence also suggests that in very long term, consistent high salary growth rates are not possible, which has been relied upon by the auditors. The Board of Directors has, pursuant to approval of Government of India vide letter dated January 25, 2012, amended Rule 10 of S BI Employees Pension Fund, which earlier restricted contribution to 10% of salary, to permit contribution to the Fund as per actuarial valuation. The notification of the said amendment in the Gazette of India is under process. Consequent thereto, the Bank has transferred `9,518 crores to the S BI Employees Pension Fund Trust from the Special Provision Account, during the year. ii. Employees Provident Fund In terms of the guidance on implementing AS-15 (Revised 2005) issued by the Institute of the Chartered Accountants of India, the Employees Provident Fund set up by the Bank is treated as a defined benefit plan. State Bank of India Provident Fund is not covered under the EPF Act 1952 but is covered under the Provident Fund Act 1925, wherein there is no minimum interest declared, so there will not be any interest guarantee applicable for S BI PF. During the FY 2011-12, the Trust has earned annualized yield of 9.26% whereas the Trust has paid interest to Provident Fund members at 8.25%. Accordingly, no shortfall remains unprovided for and the Trust is having a surplus balance, which is not accounted as an asset in the Banks books. Accordingly, other related disclosures in respect of Provident Fund have not been made and an amount of `531.83 Crores (Previous Year `854.90 Crores) is recognised as an expense towards the Provident Fund scheme of the Bank included under the head Payments to and provisions for employees in Profit and Loss Account. iii. Defined Contributions The Bank has implemented a Defined Contribution Pension Scheme (DCPS applicable to all categories of officers and ) employees joining the Bank on or after 1st August 2010. The scheme will be managed by NPS trust under the aegis of the Pension Fund Regulatory and Development Authority. Pending the finalisation of the modalities of the scheme and registration of the subscribers with the Central Record Keeping Agency, the contributions of the Bank of `52.47 crores (Previous Year `11.75 crores) has been retained as a deposit with the Bank and earns interest at the same rate as that of the current account of Provident Fund.

^ m a V gr Z X b o I m H g$ m a H mobZomI _ m Z ~H m o S m (ad>m 2 0 0 _| g e m o { Y V ) ` r W $ $ f 5 b omI _ m Z - 15 H oH $ $ m ` m ~ rd {`YX e m - { Z HX oA$eZmw g ~m aH $m a W m { n V $H g Z | } , m H $ _ ^{d a {r Z Y{ H $ {mZ oV b m^ ` m o O HZ $ms a g _ P J `m h & m a V r Q > o Q > M m` ` Vh m ^ ` ~ H^{d` { Z Y{ B nr E \$ A { Y { Z ` 9 5 H oA$ Y Z V mZ ht A m Vn am ^{d` $ _1 2 r o V w { Z Y{ A { Y { Z `1 9 2 H oA$ VVJ A m mVh , O h mH $ m o` yB Z_ V ` m K m o { fhVt _ 5 O Z { H $ O mm VBmg { E Eg ~r A m ^{d` { Z Y{ H o{ $bE H $ m `omB J m a `Q m> or Z h t ` .b B O ` h & d V f 2011-1 H oX $ m m` gZ Z o9 .26 { V V d m { f A m Y na ab m ^ { d 2 a m e H $ m A { OV H m `O ~ { H ` gm Z o^{d` { Z Y{ H og$X |` m $ 8 .25 { V V H $ Xs ag o { $ $ H m o e ` m A X { H $ h` m& X Z w, dgmH a oA$ V _| E or gH $ mH o$r_Z h ~ M Wr { O g $H{ b E O m V f B t r o m d Y Z ht { H $ J` `m h mA o m a` m H g on $mg A { Y fe ~ M h { O g sH ~ $ HH $oI m V m | Zm m om $ _| A m V o $$n _| J U m Z h H $ J sB h & X Z w ^{d , { Z Y{ H og $ ~Y_| A ` pH Z t V g m a` g ~ { YH V$ Q > r H $ C U o Z| ht { H $ J m h &`531.8 H $ a m( { on No >dbf am Im ` `m 3 S `854.9 H $ a m H o $aS m>e{)H $ bm m^ A m h m {I m V_|o " " H $ _ MH m $w aJ `ZmA | m a 0 s o a Z o^ [ V m C Z H{ obE$ m d Y me Z H oA$ V JemV{b ~ H $ ^{d s { Z { Ym o O na { H $ E ' r f' _ H $` ` Zm JE `` H o $$n _| e m {b_ { H $ J `m h . `m
iii. { Z V A e X m Z `

~ $H Zo 1 A J 2 0 1 H o$ m C g H ~o m ~ $H _| H $m J ` U H $ a Z o dg^rb V 0 `m $ X h m A { Y H $ m H[ a$` _ |/ M H m o{[$bE` m B| {ZV` A e X n |eZ ` m o O HZ $mm ` m H $ phs & d V m a Z Zm Bg ` m o O H mm~ Y E Z n g ` g m anmo e{ Z Y{ { d { Z ` m _EH { d H g$ m Z $ rE m Z $ d m { Y H H$ m $ao Ia o I U oX _| { H m `O m m & ` m o O HZ om$ m a - V Ha r $HA$ om{_V $n X o A m A a e X m VH m$ A m | $ EJ V m | Z o m n O r H $ a U [ a H o$ $m S r >` dE O o _ g| hr m oVZ Ho $~ , H H $ o`$52.47 H $ a m o S > H aIaIm ( { n Nm> db - `11.75 H $ a m H o oAS$ > e) X Hm $ ~m oH_| $O _ H o $$n _| a Im J `m h f Z m A m Bag n ^ { d` { Z Y{ H oM$ m Ibmy V na b my JXa go ` m A { OV m ohV. m a m| O h
iv. A ` X r K m H d ${ _Y M hmVabr m ^ { `531.3 H $ a m( { on No >db `775.7 H $ a m) oH s$ a >m e { H $ mm d Y X r K m d { Y 3 S f 4 S Zm

H $ _ {Mh V ba m H ^ o{ $bE { H $ J` `m h A m B ag bo m^ A m h a {I m V_|o" " H $ _ M m [ a ` m | m r| m m m Z H $ ^mw o J V Am mZ C aZ H{ obE$ m d Y me Z H oA $ V JemV{b { H $ J `m h . ' r f' _ `m iv. Other Long term Employee Benefits Amount of `531.33 Crores (Previous Year `775.74 Crores) is d H o $ X{ d {a X rZK m d$ {_ Y M m a ^r -`{mh oV ObH Z o{$bE { H $JE m d Y m Z m | f m ^m H mm E provided towards Long Term Employee Benefits and is H $ {md dU : a included under the head Payments to and Provisions for (` H $ a m_ |) S > o Employees in Profit and Loss Account. H $ X_ r K m d { Y {Hh $ _bmM^ m a r V M m by {nN >bm Details of Provisions made for various Long Term Employee g. d f df Benefits during the year: (` in 1 A { O d H $ mZ H $ X r H g$ oa dUm { ZH d og_`m AV e ( ) ${ crores) A d H $ m H $ X U H $ B g _e m { _ hb eZ r ^r a | 375.33 581.80 Sr. Long Term Employee Benefits Current 2 A d H $ mmm A ma J h ` mm [a ` m `V e` Prevous ( Z H $ X r H $ a U /C n `m o J ) 44.33 41.96 No. Ye ar Ye 3 A dW A dH $m e mV 74.77 70.09 ar
1 2 Privilege Leave (Encashment incl. leave ) encashmen at the time of retirement t Leave Travel and Home Travel Concession (Encashment/Availment) S ick Leave Silver Jubilee Award Resettlement Expens s on Superannuation e Casual Leave 375.33 44.33 74.77 5.01 11.70 14.94 581.80 41.96 70.09 35.03 (8.74) 11.20

4 5 6

a O VO ` VA r d m S > A { Y d {mf na V w Z d `` g n m A m H $ $p A _dH $ m e H

5.01 35.03 11.70 (8.74) 14.94 11.20

3 4 5 6

g o d m { Z Ad d m Sm > { `m o J

5.25 44.40 531.33 775.74

Retirement Award Total

5.25 531.33

44.40 775.74

I) I S g y M Z m > 1. I S A { ^ { Z Y m a U > I. m W {$ _ (`dgm` I S > ) H { Z Z { b p I H H $ o $m W { I_ HS $> :V~ h H $m of


H $ m a n m o a~o Qq H /$WJ m o H $ > I w X a~ m q H $ J A ~ q H `dgm ` ` J $

b)

Segment Reporting: 1. Segment Identification I. Primary (Business Segmen t) The following are the primary segments of the Bank: Treasury Corporate Banking Banking Retail / Wholesale

~ HH $$ ds V _b mo IZm - { Z U A m gaay M U mr b_| C n a m I o S$ >g mg~ Ym Zm o | A m H g $ JSU>hAm m am { V n W $H d $m Z h h . V W m, [ {a nn m Ho $Q a > Z o H `s W t H $ ds V _ Am mZ V [ ga H J $R , > Z m _ ~$ Y H $ms aaM ,ZC m | _ g { { h V H `A g g O m o p A ma { V b^mH o A$ m Ya na _ y b - I |S H> m { Zo Z d n [ a H $ { b V _ I m $m V { H m `J `m h : $ H $ m-o fH $ mI o >f _| g _ { d { Z Z nmm o Q > A \ ma m do X{r o {`e d {o Z _ ` S V Y $ { b m A m S ao > a r d og { Q d> X em E{b h . H $S mH o$ A m _ y b :V `m n m a { gm _ I > fs ` n [ a M m| bH Z o m$ w $ HA ma B go g h m odZmoobb m ^ /hZm { W {md { Z Y m Z e V n m o Q > H \ $ `m {Ob -A m A m Y Vm h[ . m o ` m` ona s a ii. H $ m a n m o a o ~Q > HW$ m Ho H m$ a n m o a ~o Q q JH /I$ > m H o oHA $ V J V q /J - $ > WS $ H $ m a nbmo m ag o_ Q ,h>_ ` H $ m a nb momIo ag o_hQy A ma V Z m V J A m p V Io y > d ~ ZY g _ hy H s$ F $ - J { V { d { Yg `pm _ { b h .B Z H o m$ Ha m m a n m o a o Q > U V $ A m g a W mJ J m h H $ Fm $ | A m b Hao $Z mX goooZd m E m HZ $ Os m Vh r . V U X B Z H Ao $ V J dVX o pe W V $ m ` m ob J$` ma -| H $ m [oa M Zm b^r { H H fn em {_b . h iii. I w X a~ q J - I w X ~ m q H I J H o A$ VVJ am ` > q JHg $_ hy H $ s m H$ a $S> ~r e m I m A m r Vh BZ e m I m | AH mo H$ $ m ` H $a bm m `n~ q JHg $_ hy g o E . _| >r g~ H $ m a nJ m mo ah oH Q $ >F $U C n bY H $ a mg {Z ho - d ` { $ H $ m o| V ~ q JH J ${ V { d Ye `mm {b_ h . E O r|g `dgm A m E aQ > r ^r_ B g r { ` E g _hy _| A m o V . h iv. A ~ q H `dgm` - O m I o S > n ` w i) V o (iii) H o A$ V J V ` J$ C (g d J u HVZ$ h h Eh C hBg| m W $ I_H> H o A$ V J dJ V H {$HV $ ` m t { S u J `m h
i. II.

Other Banking Business The present accounting and information system of the Bank does not support capturing and extraction of the data in respect of the above segments separately. However, based on the present internal, organisational and management reporting structure and the nature of their risk and returns, the data on the primary segments have been computed as under: i. Treasury - The Treasury Segment includes the entire investmen t portfolio and trading in foreign exchange contracts and derivative contracts. The revenue of the treasury segment primarily consists of fees and gains or losses from trading operations and interest income on the investment portfolio. Corpo rate/Whol esale Banking - The Corporate/ Wholesale Banking segment comprises the lending activities of Corporate Accounts Group, Mid Corporate Accounts Group and Stressed Assets Management Group. These include providing loans and transaction services to corporate and institutional clients and further include non-treasury operations of foreign offices.

ii.

{ V r$` H( ^ m J m o$ {I H > ) bS
i)

X or en [ a M Z - ^ m Va _| n [a M m {e bm I m E / H $ m ` m b ` mb V ^ mVa _| n [ a M m {gb_ w n m rq H B$ H $ m B ` m V ` ~a J

iii. Retail Banking - The Retail Banking Segment comprises of branches in National Banking Group, which primarily includes Personal Banking activities including lending activities to corporate customers having banking relations with branches in the National Banking Group. This segment also includes agency business and ATMs. iv. Other Banking business Segments not classified under (i) to (iii) above are classified under this primary segment.

ii) { d X ro n [ a M Z - ^ mVa go ~ ma h n [ a M V {e b I m E / H `$ m Wm m b e mb m m V ` III.

II. Secondary (Geographical Segmen t) i) Domes tic Operations - Branches/Offices having I w X a~ m q H I $ JS > g m Y Z -U HJ hs m W { _ HH $$ h . BH $ m a n m o a o Q > / W m o H $ g g $ B m operations in India ~ q H E$ d H $ mI o Sf > w X a m I~ Sq >Ho {$ Z { Y ` m H $ a hV o.~ m O gmo a J I g J ii) Foreign Operations - Branches/Offices having g~ { Z Y A V a_ y ` - { Z YU m E_ aA m a E \)$ Qe w $n{ rH $ `J `m h , { U ( >r m operations outside India and offshore Banking { O g H Ao YZr { Z Y Z ` H o $ (\ $ q Sg >|QJ > Za )m _ H H $ n B W $Hgm $ B{ O V $ r E$ H units having operations in India

A V a - I S > r V a U m _ y `H- {$ ZmY m a U ` A |

H $ Js B . { Z YZr ` H o $ (\ $ qJ Sg >|Q )> CZ { Z { Y| H` m$ A m Z w _ m $n{ Z oH $ h a m o g I a r Xm h , O m`dgm B H $ m OB _ `m am| `me CmY m a a mH {oe $nm_ |O w Q h> m V r V o ` m { ` | $` A m Aa m p V H g$a OZ ZobJr `dgm B H $ m HB $` m o| { Z { Y H` m m _| ` BZ $| A m Z w _ m d{HZ HH$ $$ a Vh . { ` m
IV.

III. Pricing of Inter-segmen tal Transfers The Retail Banking segment is the primary resource mobilising unit. The Corporate/Wholesale Banking and Treasu r y segments are recipient of funds from Retail Banking. Market related Funds Transfer Pricin (M RFTP is g ) `` , A m p | V A` ma X o ` V m HAmmA m ~ Q > Z m | $ followed under which a separate unit called Funding Centre has been created. The Funding Centre notionally buys funds H $ m a nHm |$o Ha o$ gs > W m n _Z | m H $mJE `` O m g or Y H $ m a n m o a o Q > / W m o H $ Q { A E| o that the business units raise in the form of deposits or ~ q JHE $ I w X ~ q JHn $[ a M m| bA ZWm d H $ m` on f[ ra M Zm Ib > go g ~ {h Y V d ma S borrowings and notionally sell funds to business units , V X ZA wm g ~m a{ H $>JE h g r Y g ~YZ a I o d m ob`` ` $ H S H> o $ Q EV . o Z oI engaged in creating assets.

H $ _ M Hm $ [gsa ` ` |m /o rgY ~Ya I o d m ob`` H o A$ Z w n Hm o A$ m Y na a m g Z V m A m ~ { Q > JE h . H $E V ~ HH $ on $m E o rgg m _ mAm p VA `mm Xa o ` V m { EO {hhH| $ g r S H> A $ V J V g ` I o e m {b Z ht { H m `Om g H $ ,V A V: B h | A Z m o~U _| Qa ImVJ `m h . _ $ m l r { >

IV. Allocation of Expenses, Assets and Liabilities Expenses incurred at Corporate Centre establishments directly attributable either to Corporate / Wholesale and Retail Banking Operations or to Treasury Operations segment, are allocated accordingly. Expenses not directly attributable are allocated on the basis of the ratio of number of employees in each segment/ ratio of directly attributable expenses.

The Bank has certain common assets and liabilities, which cannot be attributed to any segment, and the same are treated as unallocated.

2.

I > g y M Z/Segmen t Information S m ^ mJ H$ : m W {$ _(`dgm` I S>/)Part A: Primary (Business Segments) H


`

`dgm` I S >
Business Segment

H $m of
Treasury 23,874.88 (21,665.06)

H $ m a n m o a o~ Q q HW$ Jm o H $ I w X a~ q H $ J >/ m
Corporate / Wholesale Banking 42,773.40 (32,935.11) Retail Banking 54,091.69 (42,062.69)

A ` ~ q H n$ [a M m b Z J
Other Banking Operations

H $ a m / ` >In crores _| o S `m o J
Total 120,739.97 (96,662.86) 132.93 (556.10) 120,872.90 (97,218.96)

am O d
Revenue #

A Z m ~ a{mQ O> V d
Unallocated Revenue #

H w a$ m O d b
Total Revenue

n [a U m _
Result #

217.24 ((-)945.27)

6,106.12 (5,496.53)

15,619.23 (12,679.45)

21,942.59 (17,230.71) (-)3,459.28 ((-)2,276.48) 18,483.31 (14,954.23) 6776.02 (6,689.71) 11,707.29 (8,264.52)

A Z m ~ A m (+)/` ` (-) -{Zdb { Q` > V


Unallocated Income(+)/ Expenses (-) - net #

n [ a M Z bbm ^ m
Operating Profit #

H $a
Tax #

A g m YUmb a ^ m
Extraordinary Profit #

{Z d bm ^ b
Net Profit #

A ` g y M :Z m
Other Information:

I> A m p V `m * S
Segment Assets*

3,35,016.51 (3,10,524.60)

3,94,421.91 (3,81,320.36)

5,95,182.88 (5,22,699.76)

13,24,621.30 (12,14,544.72) 10,897.93 (9,191.48) 13,35,519.23 (12,23,736.20)

A Z m ~ A{ m > V ` m * Q pV
Unallocated Assets*

H w A bm p V ` m * $
Total Assets*

I> X o ` V m E * S
Segment Liabilities*

1,96,222.07 (1,62,149.37)

3,81,202.21 (3,67,495.28)

6,28,479.02 (5,85,015.30)

12,05,903.20 (11,14,659.95) 45,664.72 (44,090.21) 12,51,568.02 (11,58,750.16)

A Z m ~ X{ Q ` > Vm E * o V
Unallocated Liabilities*

H w X bo ` V * E $ m
Total Liabilities*

( H $ m o _|R { >XEHJE m |m H n$ N oS>d>bo H oh$ /)(Figures in brackets are for previous year) $A { f ^ mJ I : { V r$` H^ m J m o$ {I S > ) ( bH
Part B: Seconda (Geog ry raphic Segments)
` H $ a m / ` >In crores _| o S `m o J

Domestic Current Year

X oer

Foreign

{dX oer
Previou Year s

Total

M my d f b

Previou Year s

{ n N m bd f >
91,086.38 15,250.86

Current Year

M my b f d

{ n N m bd f >
5,576.48 1,979.84

Current Year

M my d f b

Previou Year s

{ n N m bd f >
96,662.86 17,230. 1 7

Am`
Revenue # 1,14,080.91 19,064.85 11,55,176.43 10,71,225.22 6,659.06 2,877.74 1,80,342.80 1,80,342.80 120,739.97 21,942.59 13,35,519.23 12,51,568.02

n [a U m _
Result#

A m p V `m *
Assets * 10,82,3 87.23 10,17,401.19 1,41,348. 97 1,41,348.97 12,23,736.2 0 11,58,750.16

X o `V* E m
L iab ilities*
# # *

31 _ m M H $ gm _ omV d H o{ $b E 2012 f 31 _ m M H $ps W H{ VA $ Z w g m a 2012 o


For the year ended 31st March 2012 As at 31st March 2012

d H oX $ m ~a m HZ $oI S `> A V a_ y Z` ` d m H $ Am mo ~ ao h V~ aZ m `h mV m {A Hm $Aa { Y H $ f r U W g V I S > n [ a U_m e m O mE g `h|$n & a d Z I S `> n [ a U mH _ $mm mno ao an ^ m { dH $ a h m J `r X H [ V r | V V V n a BV gw H ~$ m HH $$ {s d m pr W na H $ m ^o m Z ht h m o IV m `>& rn [ a U m na m n [ a d V H o Z ` V{ Bd S | _ Bg $ ^ m |dHm $ nm` m { Z V m Zht ah Um n om `hm & Y J) g ~ V{ Y H $ Q > r H $ a U nj 1. g ~ V{ nj Y H $ .A Z w f { J`m i. X ore~ q H A Z w f { J ` m J$ 1. Q >~ o QHA >$m ~ \ r$ H $ mE Z oSO> `>n w a a 2. Q >~ o QHA >$m h \ $X a m ~ m X 3. Q >~ o QHA >$m _ \ $g y a 4. Q >~ o QHA >$m n \ {$ Q > ` m b m 5. Q >~ o QHA >$m \m$ d U H $ m o a 6. E g ~ r A mH B$ m _b{Ee B` > Q > a Z~ o eH{b. (28.07.201 V H $ ) S Z $b 1
ii. { d X ro e q H A Z w f { J ` m ~ J$

During the year, the Bank has further refined the segmental transfer pricing mechanism in order to report more relevant segment results. This change effects the segment results inter se and has no impact on the financials of the bank. The effect of the change on the segment results is not fairly determined. c) Related Party Disclosures: 1. Related Parti es A. SUBSIDIARIES i. DOM E STIC BANK IN SU B SID IA R I G ES 1. 2. 3. 4. 5. 6. State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Mysore State Bank of Patiala State Bank of Travancore S BI Commercial and International Bank Ltd. (up to 28.07.2011).

1. 2. 3. 4. 5. 6.

E g ~ r A m(_Bm a re{b. ) g Q >~ o QHA >$m B \ $ { S( H `$mZ m S > m ) > Q >~ o QHA >$m B \ $ { S( H `m { b \ $ m o { Z ` m ) > $ H $ m _b{~e HA` $m B \ $ { SEbEbgr _ m H $ m o > `m , n r Q ~> r HE $g ~ r AmB B S > m o Z o { e ` m Z o nb m g ~ r A m~ B H{b. E $

ii. FOR E IG BAN K IN SUB SID IAR I N G ES 1. 2. 3. 4. 5. 6. S BI (Mauritius) Ltd. State Bank of India (Canada) State Bank of India (California) Commercial Bank of India LLC, Moscow PT Bank SBI Indonesia Nepal SBI Bank Ltd.

iii. X oreJ a - ~ qJ HA$ Z w f { J ` m

1. E g ~ r A mH B $ { n_Qm > Hb } {$b Q{ _ gQ > o S > 2. E g ~ r A mS B r E \ $ E { A {m_ B > o S > > M b Q 3. E g ~ r A m `By w \ A $bQ > > H Q $> nr m r{b. M S Z . 4. E g ~ r A mH B ${ng ` w [ a {b. r O Q> 5. E g ~ r A mH B $ d g M {b. g 6. E g ~ r A mH B $Q n > HQ >{b. $r .O 7. E g ~ r A mH B$ m ES gn > _ g g { d O g om {b. S o |Q . 8. E g ~ r A m\ B$ _ g Z o O _m|Q{b. S .> 9. E g ~ r A mb m B $ ` m Ho |g n{b.r BB\ a$ Z 10. E g ~ r Amn |eZ \ $ S m> B d{b. > B oQ 11. E g ~ r Am- BE g O b mb o{ ~g ` w [Oa gQ {>d rO g om .{ b . r 12. E g ~ r A m Bb o\ ~$ b Q {b. m >g 13. E g ~ r AmOBZ a B ` m Ho $ n{b.r b a |g Z 14. E g ~ r Amn oB _ g| Q{ d gm {b. > O o
iv. { d X o e a - ~ qJHA$Z w f { J ` m rJ

iii. DOM E STIC NON -BAN KIN SU B SID IA R IE S G 1. 2. 3. 4. 5. 6. 7. 8. 9. S BI Capital Markets Ltd. S BI D F H Ltd. I S BI Mutual Funds Trustee Company Pvt. Ltd. S BI C AP Securities Ltd. S BI C A P Ventures Ltd. S S BI C AP Trustees Company Ltd. S BI Cards and Payment Services Pvt. Ltd. S BI Funds Management Pvt. Ltd. S BI L ife Insurance Company Ltd.

10. S BI Pension Funds Pvt. Ltd. 11. S BI SG Globa Securities Services Pvt. Ltd. l 12. SBI Globa Factors Ltd. l 13. S BI General Insurance Company Ltd 14. S BI Payment Services Pvt. Ltd. iv. FO REIG NON- ANKIN SU B SID IA R IE S N B G 1. 2. 3. S B IC A (U K Ltd. P ) S BI Funds Management (International) Pvt. Ltd. S B IC A (Singapore) Ltd. P

1. E g ~ r A mH B $(`n y H o $ ) {b. 2. E g ~ r A m\ B$ _ g Z o O ( _B |Q Q > a Z o m ZB bd{b. > S > e )o Q 3. E g ~ r A m n ( gHJ m$) n {b. Bq wa I. g ` wV $n go { Z `V{ H $ n { Z ` m 1. Or B H $ { n{Q~ > bg o m o g_ o Z o O g_{ d | O g o. { b OZ g Q >m 2. gr-E Q > o H $ Z m o b m O r O O {b. 3. _ H $ dE og a~r r A mB B $ m _ QZ o> O_M| Q{b. \ m .a > 4. _ H $ dE og a~r r A mB B $ m Q Q > > {b. r aO \ Q M > 5. E g ~ r A m B B _ \H $ m o_ aQrZ o> O_M| Q{b. d m .a > 6. E g ~ r A m B B _ \H $ d oQ a Qr > > QmM{b. m > . r aO

B. JO IN T C O N T O LLE E N T ITES LY R D I 1. 2. 3. 4. 5. 6. GE Capital Business Process Management Services Pvt. Ltd. C-Edge Technologies Ltd. Macquarie S BI Infrastructure Management Pte. Ltd. Macquarie S BI Infrastructure Trustees Ltd. S BI Macquarie Infrastructure Management Pvt. Ltd. S BI Macquarie Infrastructure Trustees Pvt. Ltd.

7. A m o _B m {Z S> d` m B dQ o > \Q $> S_ _>| Q-Z >O _H|Q > n Z r.{ b . $ m 8. A m o _B m {Z S> d` m B dQ o > \ Q $> S_ >| Q- Q>H > $ n Z >r.{ b . Qm r J. g h `m o J r i. jor` J m U r~ H $ _ 1. A m X eo J m U_ {r d H g ~m H $ Y $ 2. A U mb M X e $ b ~ H $ o a 3. H $ m H o$ a r V m U_ ~r H $ d nJ 4. N > m r g J mT _>~r U H $ J 5. S o > J $ Z _ ~r U H $ m 6. B b m H X$ om h Bm V H r $ ~ 7. _ o K m b$ b ~ H( n$ y d - m _$ ~m HZ $m Z { H $arZ Im> gm O JZ { Q > ` m ) ` a Z H S r 8. H $ J U m U_ ~r H $ m 9. b J rn X o h m $ aJ ~ H $ br 10. _ ` ^ m Va J m U_ ~r H $ 11. _ m b d Jm m _ ~r U H $ 12. _ m a d m J Sm>aZ~ Jr H $ mJ Z mo a ~r U H $ J _ 13. { _ O m o$aa_b~ H $ 14. Z m J m $ aSb~> H $ b 15. n d `VJ r m U_ ~r H $ 16. n y d mb jor` J m U_ ~r H $ M 17. g _ V ra njor` J m U_ ~r H $ w 18. g m a Jm m >_ ~r U H $ 19. C H $ m` ~ H $ bJ 20. C m a m J M _b~r U H $ m 21. d Z m b JM m U_ ~r H $ 22. { d { m e^ m o bn jor` J m U_ ~r H $ X m
ii. A `

7. 8. C. i.

Oman India Joint Investment Fund Mana gement Company Pvt. Ltd. Oman India Joint Investment Fund Trustee Company Pvt. Ltd.

ASSO CATES I Regional Rural Banks 1. 2. 3. 4. 5. 6. 7. 8. 9. Andhra Pradesh Grameena Vikas Bank Arunachal Pradesh Rural Bank Cauvery Kalpathar u Grameena Bank Chhattisgarh Gramin Bank Deccan Grameena Bank Ellaquai Dehati Bank Meghalaya Rural Bank (Formerly known as Ka Bank Nongkyndong Ri Khasi Jaintia) Krishna Grameena Bank Langpi Dehangi Rural Bank

10. Madhya Bharat Gramin Bank 11. Malwa Gramin Bank 12. Marwar Ganganagar Bikaner Gramin Bank 13. Mizoram Rural Bank 14. Nagaland Rural Bank 15. Parvatiya Gramin Bank 16. Purvanchal Kshetriya Gramin Bank 17. Samastipur Kshetriya Gramin Bank 18. Saurashtra Gramin Bank 19. Utkal Gramya Bank 20. Uttaranchal Gramin Bank 21. Vananchal Gramin Bank 22. Vidisha Bhopal Kshetriya Gramin Bank ii. Others 1. 2. 3. 1. 2. 3. 4. 5. 6. 7. S BI Home Finance Ltd. The Clearing Corporation of India Ltd. Bank of Bhutan Ltd. Shri Pratip Chaudhuri, Chairman (from 07.04.2011) Shri R. Sridharan, Managing Director & Group Executive (A& S) (up to 30.06.2011) Shri Hemant G. Contractor Managing Director & Group Executive (International Banking (from 07.04.2011) ) Shri Diwakar Gupta, Managing Director & Chief Financial Officer (from 07.04.2011) Shri A. Krishna Kuma r, Managing Director & Group Executive (National Banking (from 07.04.2011) ) Shri O. P. Bhatt, Chairman (up to 31.03.2011) Shri S. K. Bhattacharyya, Managing Director (up to 31.10.2010)

1. E g ~ r A mh m $_m B { b|g{ _ Q > o S > B o \ Z 2. p b `[a HJ $ m a n m m a B \ e$ Z{ S{b.m Ao o >` 3. ~ HA $m ^ \ y$ Q > m Z {b. K. ~ HH $ o$_ w ~ Y H $ m { _ H $ I Z 1. lr V n M m , YA`j (07.04.201 g o ) r ar 1 2. lr A m alrY a Z , ~ Y Z X o eEHd $g _ y hH $ m ` n(E E H S$Eg) . { m b > (30.06.201 V H $ ) 1 3. lr h o _ O Vr. H $ m Q ~Y> o{ Z Q >$ Ea H g _hy H $ m ` (n Am mb B~r.). X oe ,d H $ (07.04.201 g o ) 1 4. lr { X d m J Hw $ aV~ Y { Z X o E H _ w ` { dm A { Y H $ m a r m $e d (07.04.201 g o ) 1 5. lr E H $ U H, w ~$Y_ m Za X o$ eEHd g _ hy H $ m ` $ n(E Z H r.) { m b .~ (07.04.201 g o ) 1 6. lr A m nro ^ ,>A`j (31.03.201 V H $ ) 1 7. lr Eg H o^ $ > m M ~m `{Z ,X o$ e H Y (31.10.201 V H $ ) 0 2. d H oX $ m a{ m Z n jm go b o Z Z {oHE$ JE f OZ | X b omI _ m Z (EE g 18 H oA $ Z w 9N H > oA$ X w g "m" g a Ha $ m{ Z ` V{ C _' h m o Z o $H ) oZ , a ' H oH $ $ m ga U~ {nYjm H og $ ~ _| H $ m Ho B$ Q > rA n$ oaVjZ ht h & g H A { V [ a $ , |V Y H {U B o$ b omI _ m Z 18 H oA $ Z w 5N H > oA$ X w g m_ aw ~ Z H $ m {V _ W Hm_ $w ~ Y Z $H oZ , I Y I H $ m { H_ og H ~ $ m{ g|Y {`hm ~| H $ a - J m h H $$ sH g $d ~{mVbY o Z X Ho Z$ mH |$ Q > r H $ a U $ V H b Z ht { H $ J `m h . `m

D. Key Managemen t Personnel of the Bank

2. Parties with whom transactions were entered into during the year No disclosure is required in respect of related parties, which are State-controlled Enterprises as per paragraph 9 of Accounting Standard (A S) 18. Further, in terms of paragraph 5 of AS 18, transactions in the nature of Banker-Customer relationship have not been disclosed including those with Key Mana gement Personnel and relatives of Key Management Personnel.

3. b o Z ZX Ao ma eof a m { e `:m
3. Transaction s and Balances :

` H $ a m |o S > _ ` In crores

{dd aU
Particula rs

g h `m oJrg ` w C _ / $
Associates/ Joint Ventures

_ w ~ Y H $ m { _ H $ I Z E d C Z $ go ~ Y r H
Key Managemen t Personnel & their relatives

`m o J
Total

d 2011-12 H oX $ m ab m ZZ X o Z f o
Transaction s during the year 2011-12

m `m O *
Interest received

0.04 (-) 1.29 (-) (2.80) (-) (-) (-)

(-) (-) (-) (-) (-) 0.68 (0.60)

0.04 (-) 1.29 (-) (2.80) (-) (-) 0.68 (0.60)

g X `m O * m
Interest paid

b m ^ e H o $$n _| A { OV m `* m A
Income earned by way of dividend

A ` A m `*
Other Income

A ` ``*
Other expenditure

~ Z g { d X m E * Y
Management contracts

31 _ m M2012 H $ ~m Ho $ m ` m
Outstanding as on 31st March 2012

X `o a m { e ` m
Payables

127.66 (51.95) (-)

(0.04) (-)

127.66 (51.99) (-)

m { V `m
Receivables

H $ m o_| {> XE JEm A | m H n$ N oS>d>bo H oh $/Figures in brackets are for Previous Year. H $ { f Bg d H oX $ m ga m ~ Z {n Ym VQH >oH u$ $ m_ ho B d n yb U Z XZohtZ h &There are no materially significant related party transactions during the year. f o / K) n [a M m bn > o * Z n [a M m b na {bE JE n[ag H $ m` m oZa rmM { oXm` J`m h : Z brO a {ddaU H $ a m |o S > _ 31 _ m M 01 2 2 31 _ m M 01 1 2 H $ ps W { V H $ ps W { V H oA $ Z w g m a H oA $ Z w g m a
` d) Operating Leases* Premises taken on operating lease are given below: ` In crores Particulars As at 31 Mar 2012 64.32 229.21 66.42 359.95 As at 31 Mar 2011 40.43 92.47 25.21 158.11

1 d f n $ m Z h t H o V 6 4.32 40 .4 3 1 d f n $ m AV m 5 da f mH ] n $ m Z ht H o o V 22 9.21 92 .47 5 d f mH ] on m V $ 6 6.42 25 .21 `m o J 3 5 9 .95 15 8.11 d f H ob $m ^ m h m { Z _I |em mV{ o_n b ^> wm J V m a Zm {He $ s 6 0 .6 1 A a 42 .6 8 n [ a M Z nb >_|m n | h ob H $ m ` mn bg V W mQ > m m$ dgm m {b_ h .{ O Z H ~ $ mHH $ o $ m ` [a a A\ e { d H $ n m ZZ dwr HU$ {aa H $ O mmg H $ Vh m. gm ` m | L>) * H o o a{ Z aVm ZO :m d moobn Q >H Qog $> ~ _| Y {V e $b `d C n Z h o Z ~ HZ $b o m _ m Z 20, " " V e oa` C n m O' H oZ $ 'Z wa g m ` $ B { e$oQ` nar _ yb A m H a$ _ o I H$ { A oH a> H $ J sB A m H $gs y M X m .d f H oX $ m aH m $ HZa ,on $ m { Z d b m^ H $ ~m H o $ mB `m { e $o Q` a >mr | ` Z rh V b H $ ^s m [ aA m gg V ` g o^ m JX o H { Ve o `a" " _ y A m `''H $ JsU Z m $ J sB h . V m $a b H {ddaU M m db fy { n N > dfm b _ yb A m H a$ { H $JE _ E d f H oA $ m ^a _| ~ H $ m m { e od `QaHm $rg| s ` m 6 3,49,98 ,99 63,48,82,644 B ` > 1 d f o $ O m Ba a m { Ze od `QaHm $rg| s ` m H X r > 360 ,4 5,84 7 1,16,347 d f H oA $ V H ~ $H $ m m{ e od `Qa Hm $rg| s ` m B ` > 6 7,10,44 ,8 3 8 63,49,98,991 {V e oa` _ y A m H $J sU Z Hm o{ b ` wV^ m [ a V b ` $E A m B V { e od `QaHm $rg| s ` m g > 63 ,51 ,9 6 ,25 8 63,49,52,049 {V e oa` H _ H $J sB A m H $J sU Z Hm o{ bE ` w V $ ` $ ^ m [ aA Vm eg oV ` aHm $g| s ` m 63 ,5 1,96,25 8 63,49,52,049 { Z b b m^ (` H $ a _m |) o S > d 1 1 ,7 0 79.2 8,264.52 {V e oa` _ y A m (`) b ` 1 8 4 .3 1 1 30.16 {V e oa` H _ H $J sB A m (`) $ ` 1 8 4 .3 1 130 .1 6 { V o ` aZ m m _ y (`) e ` 10 10
e)

Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years Total Amount of lease payments recognised in the P & L Account for the year. 60.61 42.68 Operating leases primarily comprise office premises and staff residences, which are renewable at the option of the Bank. * In respect of NonCancellabl leases only. e

Earnings per Share The Bank reports basic and diluted earnings per equity share in accordance with Accountin Standard 20 - Earnings per Share. Basi earnings per share is g c computed by dividin net profit after tax by the weighted average number of g equity shares outstanding during the year. Particulars Year Current Year Previous

Basic and diluted Numbe of Equity Shares outstanding at r the beginning of the year 63,48,82,644 Numbe of Equity Shares issued during the year r 1,16,347 Numbe of Equity Shares outstanding at r the end of the year 63,49,98,991 Weighted average number of equity shares used in computin basic earnings per share g 63,49,52,049 Weighted average number of shares used in computing diluted earnings per share 63,49,52,049

63,49,98,991 360,45,847

67,10,44,838

63,51,96,258

63,51,96,258

Net profit (` In crores ) Basic earning per share (`) s Diluted earnings per share (`) Nominalvalue per share (`)

11,707.29 184.31 184.31 10

8,264.52 130.16 130.16 10

^ m a V r Q >~ o QH>>$d m { f a H m$2011-12 ` [ n oQ >


M)

190 1901
f)

State Bank of India > Annual Report 2011-12

i.

A m` na H $ aHm $ |bm o I m H $ Z d H oX $ m aAm mZ , W H Ja$ g _ m ` m H Oo $ m ba m^ A m h a {I m V_|o `455.9 H $ a m o S > f V { Zo m m Z 3 ( { n No >d b `976.8 H $ a m m {S H> m J `m) Z m {_ Ho $ J`m . f 2 O_ o $` `m ii. ~ H $$ ~s H $ m{ Zmd A m W H Ja A m V 180.6 H $ a m { on NSo >d bf `1167.28 H ` b V {$ p` 3 ( > H $ a m ho, {S O> og) A A m p | V `om$ V J aImV J `m h . _ w _ X | m A m V H J$ a ` H A I _| W { A m p V S` > r |Q > r EX ) o ` m mH A$ AbJ-AbJ { d d a U Z Z dhV: ( m A V a m | m { { d dU a 31 _ m M 01 2 2 31 _ m M 01 1 2 H $ ps W { V H $ ps W { V H oA $ Z w g m a H oA $ Z w g m a A m W H Ja$ A m p V ` m V {

Accounting for Taxes on Income i. During the year, `455.93 crores [Previous Year `976.82 crores credited] has been debited to Profit and Loss Account by way of adjustment of deferred tax. The Bank has outstanding net deferred tax asset of `180.63 crores (Previous Year- `1,167.28 Crores), which is included under Other Assets. The breakup of deferred tax assets (DTA) and liabilities into major items is given below: As at 31 Mar 2012 Nil 1,873.60 Nil 16.29 180.95 2,070.84 8.16 1,882.05* 1,890.21 180.63 As at 31 Mar 2011 307.90 1,636.10 9.41 35.77 135.71 2,124.89 21.53 936.08 957.61 1,167.28

ii.

Particulars Deferred Tax Assets Provision for wage revision Provision for long term employee Benefits Ex-gratia paid under Exit option Others Net DTAs on account of Foreign Offices Total Deferred Tax Liabilities Depreciation on Fixed Assets Interest on securities Total Net Deferred Tax Assets/(Liabilities)

d o Vg Z e m Ho Y bE m d Y m Z o{ $Z {Z aH $ 3 07.90 X r K m H $ d _ { Y{M Vm ba m o{ bE m d Y m Z h ^ Hr $ 1 ,8 73 .6 0 1,636.10 E p O{ dQ H> $H { bE X Am Z w aJ m h{ e n$ o {Z aH $ 9.41 A` 16 .2 9 35 .7 7 { d Xr oH e $ m ` mH ${sbZ `bmA | m V H{ $J a d W A m p (VS > mr Q > r E ) ` 1 80.95 1 35.71 `m o J 2 ,0 7 0 .8 4 2,124.89 A m W H Ja$ X o ` V m E V { A M A m p na _ m | ` m g b V `y 8.16 21 .5 3 { V ^ y {na ``m | O V m 1 ,8 82 .0 5* 9 36.08 `m o J 1 ,89 0.21 9 57 .6 1 { Z d bA m W H J$Va m p V `(m o ` V m E ) { A / X 1 8 0 .6 3 1,167.28 * A m `aHI $ oVgo A VV [ `536.5 H $ a m m {b >h . m a 6 e o S_ N>) g ` w $n go { Z ` V H $ n {| Z `{md { Z Y m Z $ { _| g ` $ $n go { Z ` V{ { Z Z { b p H $ n { HZ o`{ md {| Z Y | m Z 39.50 H $ a m( { on NSo>dbf w V I $ _| ` m `38.96 H $ a m H o $~ m >HH) $$ {mh mg e m {b h : S _ H $ _ H $ n HZ $r Z m _ m g. 1 Or B H $ { n {Q~ > bg o m o g o g OZ _ Z o O g _{ | d > g omO.{ b . Q 2 gr-E Q > o Z m {b.m O r O O ob a m { e _ w `m b ` Y m [ma % V H $ a m_ |o S > 10.80 ^m aV 40% (10.80) 4.90 ^m aV 49% (4.90) 3 _ H $r dE oga~ r A m B \ $ m Q > M a2.25 B q g J m n w a 45% _ Z o O _m.|Q > {b. (2.25) 4 E g ~ r A m BH $r dB o a \ $ m Q > M 18.57 _ a ^m aV 45% _ Z o O _m.|Q > {b. (18.57) 5 E g ~ r A m BH $r dB o a \ $ m Q > M a0.03 _ ^m aV 45% Q > Q m.> {b. rO (0.03) 6 _ H $r dE oga~ r A mB B \ $ m Q > M a0.64 ~ a _ w S > m 45% Q > {b.# O Q >r (0.10) 7 A m o _B m {Z S > d` m B dQ o > \ $> S_ >|Q- > 2.30 Q ^m aV 50% _ Z O> _H|Q $r n m {b. Z. (2.30) 8 A m o _B m {Z S > d` m B dQ o > \ $> S_ >|Q- > 0.01 Q ^m aV 50% Q > H Q $> n Z r{ b rm. (0.01) # E g ~ r A m BH $r d oa \ _ $ Z mo O _m.|Q > H o_ $m `go A`j Y m [ aH V o{mbE H $ r ZZ o _ B {b. _ $ n 100% m d Y {mH $ ` m . Z H $ m o_| {> XE JEmA | m H n$ N oS>d>bf o H oh $ H $ { b omI _ m Z 27 H s$A n m j H oA$ Z w ,g g a` w$ $n go { Z ` V{ H $ n {_|Z ~` m HH| $ o{ $h o gg o $H o m V g ~ V{ AY m p , V X` m `| V m A m,`|``, A m H $ p X _o H` V$ mA Am m am ` XH m$ Hs w a m { e o , Am d| | $b { Z Z m Z H $g Hm $>aJ sB h : w Q _ ` H $ a m |o S >
`

* Includes `536.56 Crores transferred from Income Tax Account. g) Investments in Jointly Controlled Entities Investments include `39.50 crores (Previous Year `38.96 crores) representing Banks interest in the following jointly controlled entiti es

Sr. No. 1 2 3 4 5 6 7 8

Name of the Company GE C apial B usinss Process t e Management Services Pvt. Ltd. C - Edge Technologi s Ltd. e Maquari S BI Infrastructure e Management Pte. Ltd. S BI Macquari Infrastructure e Management Pvt. Ltd. S BI Macquari Infrastructure e Trustee Pvt. Ltd. Macquari S BI Infrastructure e Trustee Ltd. # Oman India Joint Investment Fund Management Company Pvt. Ltd. Oman India Joint Investment Fund Trustee Company Pvt. Ltd.

Amount ` In crores 10.80 (10.80) 4.90 (4.90) 2.25 (2.25) 18.57 (18.57) 0.03 (0.03) 0.64 (0.10) 2.30 (2.30) 0.01 (0.01)

Country of Residence India India Singapore India India Bermuda India India

H o ldin % g 40% 49% 45% 45% 45% 45% 50% 50%

# Indirect holding through Maquarie S BI Infra Management Pte. Ltd., against which the Company has made 100% provision. Figures in brackets relate to previous year As required by AS 27, the aggregate amount of the assets, liabilities, income, expenses, contingent liabilities and commitments related to the Banks interests in jointly controlled entities are disclosed as under:

{ d dU a

31 _ m M 01 2 2 31 _ m M 01 1 2 H $ ps W { V H $ ps W { V H oA $ Z w g m a H oA $ Z w g m a 1 3 1 .6 8 6 .5 6 6 1 .5 0 19 9.74 11 0.2 8 0.53 68.70 1 7 9 .5 1

X o `V m E n y AO mr A am a { j { V ` m O _ m am {e`m C Y m a -a m { e `m A X o ` VE md Em d Y m Z ` `m o J

^ m a V r Q >~ o QH>>$ d m { f a H m$2011-12 ` [ n oQ >


` In crores Particulars As at 31 Mar 2012 As at 31 Mar 2011

191 1911

State Bank of India > Annual Report 2011-12

Liabilities Capital & Reserves Deposits Borrowings Other Liabilities & Provisions Total 61.50 199.74 68.70 179.51 131.68 6.56 110.28 0.53

A m p V `m ^ m a V [ra O~ d H_| $Z HX$A ma O _ m a m { e ` m ` ~ H _|$ Om _| m a m A em` m m JW An g y M Z m { _a V m na m `Y Z a m { e {d{Z Y m Z A {J_ A Mb A m p V ` m A A m p V `m ` `m o J n y O{ rV ~ X Y V m E A ` A m H $ p X _o H V$ m E ` Am` A { OV ` m O A ` A m ` `m o J `` `` { H $ J` `m `m m O n [ a M Z `` mb m d Y Em d ZA m H $ p `` H $ _ `m o J bm ^ O)

72.30 1.95 21.29 104.20 199.74 0.90 6.50 170.76 177.26 0.43 144.47 8.72 153.62 23.64

50.34 2.11 11.06 116.00 179.51 0.41 3.74 118.98 122.72 105.97 5.54 111.51 11.21

Assets Cash and Balances with R B I Balances with Banks and money at call and short notice Investments Advances Fixed Assets Other Assets Total Capital Commitments Other Contingent Liabilities Income Interest earned Other income Total 122.72 Expenditu re Interest expended Operating expenses Provisions & contingencies 5.54 Total Profit h)

72.30 1.95 21.29 104.20 199.74 0.90 6.50 170.76

50.34 2.11 11.06 116.00 179.51 0.41 3.74 118.98 177.26

0.43 144.47

105.97 8.72 111.51 11.21

153.62 23.64

A m p |V H` m A n g m _ m ` V m s$ ~ H ~$ Z Y H s$ { _ ,| d H oX $ m A mm Zp VH `$ms |n g m _ m `$ Vm $ mE o gB_mm _ bg m _ Z o > f a A mH H m Z h A mm`{ Og na b om _ m Z 28$ - " " A m p H $`Am n| g m _ m m VJ' yh' m oh Vm r o . t I H V s mb `

P) H $ A m H $ p$X_ H` V m AAmamA m H $ p$ A_ m p |VH ` m{d daU ) o | H $m


i)

Impairmen t of Assets In the opinion of the Banks Management, there is no impairment to the assets during the year to which Accounting Standard 28 Impairment of Assets applies. a) Description of Contingent Liabilities and Contingent Assets Particulars Claims against the Bank not acknowledged as debts Brief Description The Bank is a party to various proceedings in the normal course of business. The Bank does not expect the outcome of these proceedings to have a material adverse effect on the Banks financial conditions, results of operations or cash flows. The Bank enters into foreign exchange contracts, currency options, forward rate agreements, currency swaps and interest rate swaps with inter-Bank participants on its own account and for customers. Forward exchange contracts are commitments to buy or sell foreign currency at a future date at the contracted rate. Currency swaps are commitments to exchange cash flows by way of interest/principal in one currency against another, based on predetermine d rates. Interest rate swaps are commitments to exchange fixed and floating interest rate cash flows. The notional amounts that are recorded as Contingent Liabilities, are typically amounts used as a benchmar k for the calculation of the interest component of the contracts. As a part of its commercial Banking activities, the Bank issues documentary credits and guarantees on behalf of its custome rs Documentary credits enhance the credit standing of the customers of the Bank. Guarantees generally represent irrevocable assurances that the Bank will make payment in the event of the customer failing to fulfil its financial or performance obligations. The Bank is a party to various taxation matters in respect of which appeals are pending. These are being contested by the Bank and not provided for. Further, the Bank has made commitments to subscribe to shares in the normal course of business. 1

H $ . {dd aU g_ 1 ~ H ${ d E o Xg om O d mF $o U o$ o H o $ _| A { ^ d V H $ . n r Z th h

g { j {Vd d a U `d g m H $g sm _ m { H ` _|$ ~` m H{ d$ { ^ ` H $ m ` _d | m E{ nj`$h . |~ H $ A n m jZ h t H m h `h o H $ a hV{ mH B $ ZH $ m ` Hd om $[ {a U_ ` m $ | m n h Hm V m p {d V H$ y^$mb ~ H $ { sd mpr W { V ` m |, H d ` n [ a M Zmn b[ a U m` m_ZmH | $Xd m na n S > o J m . rh ~ H $ m m` m` X dm{ Z _ { d X m A m~ | H $n oZ{ b A m J a m hH H $A$s m g |ooA V a d { `g A E a H oH $ $ mX a oU` V m E ~ H h$ ^ m { Jg V{ m X o{ ed r{ Z _ { d _X wm , m g o d `g { d H $, n ` X m $ X ma wa {, dm{ Z _ W `mm O dm H a_ `V Xa { d { `Z _ o Z XH o$ Za hV dm m ` X dm{ Z _ ` b . { g { d X _|m{ A Xmr o_| ew H $m^m{ d` _| g { d X m J V d o Xa na I a r Xo Z ~ o M H Z$domm ` X Hm $ O` mm hV .m `m { _ w { d m{ Z |__|` m y d{ Z Y m X a H[m aoA|V$ m Yn m a n a E H _ $ w m~ X bXo H go_ a$wr _| m ` m O b/_aym {H e o $ $n _| { d { Z Z H $ Xd m Hh $d mm ` X Hm $O` m hV. m `_ r { ` m Xa { d { `Z __| A M E d A W m ` m X a O b r O Z H $ Xd m Hh m${ m|d { Z _ $d mm ` X Hm $ ` m r `H { O m hV . m m Z w _a m { Z {`Hm $A, hm| H $ p _ H $ A e O X o ` V Hm oA$n m_| X O{ $ J ``m h , g { d X H m o A$ m | | H m ` m A H on [$ a H Z$ hb o `w y Z _ Vm _ n X o $ n> O e V H S _| ` wV{ d {>e a m { eh` m. J m h {H ~ $b mm d| |,h { nS a> m` m H|, $ Z Am n | Zd om { U p ~ ` qHH$ $$ Jm ` HH oE$ $bH ^$mn Jm | E H m V W Am X m { `H $dA smm g| ooXa r ` H o $n _| ~ H $noZJ m h H A$ m g |ooa H orIsF $ U A b$ JB Jm a { Q > `m A m J m a OmQ > a>Hr ` $mma hV.b oI F $ ~ $ H o $ a { r U J m hH H $Fs $m U| - gI m $ ~ m To >h m. J V ra { Q > ` m $ H m g m _ m : ` V $ A m $ A Qbg >A m Z m mg oh V r ~ H H o sa o h { H ` ${X J m A Hn Z{ od m ` rm`{ Z n mX Xo `ZV m A m | h $ H $n my H $ a_|ZAo g \$ a h V h m V, m~ o H o$ g r Uo b E p W _ {|CV Z H^ $w mJ VH m$ Z o J m . a A _ X { | O Z {HbEo ~$ H $ ` A m H $ p $ _g H{ O _ oh X . m a no $ ~ H d$ {^ H $ { a Z Y m_ m _a ,bU{mO | o gg ~ { Z A n rb{ d M m ah m H,Y $Er mZH nj h . ~ H $ A m o$ as | $ H g oB Zna { V d {mH X$ O` mm h h A m B aZ H bo E$ a m { H $ m mo dB YZmh Z H $ J``m h . B g HAo {$ V [ a $ , t{ m ~ HZ `d g m H $g sm _ m {H ` _ $|e` om` aHm $ | m o$ ` A { ^ X Hm $ aH Z $do mm ` X Hm $ h` m. Z {

Sr. No.

Liability on account of outstanding forward exchange contracts

Guarantees given on behalf of constituen ts, acceptances, endorsements and other obligations

Other items for which the Bank is contingently liable.

C n ` w A m $H $ p X _o H V$` m Em p ,W `{ m ` m b ` / n / `m Q `>Hb o~ $m ahg _ P m V m , ` W V M m `m A n r b| m o{ $Z n Q >a m ZHe, o_ $m O J m Zg o ,{ d X m m V ` H $mes V mg ~ {nYj m m a m H { o ~J V ] V | _ m J Vd mH oA $ V aAUm _ am J oC $ R > Om mE HZ on $[ a U mna m m Y Vmh [a. H | _A I) A m H $ p$ X_ o ` V m H A o{bE { H E$ JE m d Y m_|Z C V m a - M T > m d H | m$ | m ` H $ a m |o S > _ {dda U M my d bf { n N m bd f > A W eo f 275.10 148.14 d H oX $ m da m{ Z( n y d r E V ~ r A m B g r A m B / f dg n y d d QV >~ o QHA >$m B \ $ XgomA a V ag { h V r U ) 56.33 180.38 d H oX $ m H m$r _Z f a 74.57 53.42 B { Vof e 256.86 275.10 1 8 .8 A { V [V H $ Q > Z a 1. m d Y m d A m H $ p$ {_ZH{ Y Z E
`

The Contingent Liabilities mentioned above are dependen t upon the outcome of Court/ arbit ration/ou t of Court settlemen ts, disposa l of appeals, the amount being called up, terms of contractual obligations, devolvement and raising of demand by concerned parties, as the case may be. b) Movement of provisions against Contingent Liabilities ` crores Particulars Previous Year Opening balance 148.14 Additions during the year (including transferred from e SBIC /Ie SBIN) Reductions during the year Closing balance 18.8 Additional Disclosures 1. Provisions and Contingencies Current Tax 6,335.37 (21.28) 455.93 6.00 683.28 ` In crores 5,709.54 976.82 3.35 646.75 In 275.10 Current Year

56.33 74.57 256.86

180.38 53.42 275.10

H $ a m |o S > _

H $ a m hY o m mw d Y m Z V Z - M m H y$ a b - A m W H J$ a V{ - q \ $bOm^ H $ Ha $ m{ V b o IZ - A H $a `

6,335.37 455.93 (21.28) 6.00

5,709.54 976.82 3.35 8,415.44 376.65 976.60 (34.10) 17,071.05


` H $ a m |o S > _ { n N m bd f > 23.00 2.

Provision for Taxation Write Back of Fringe Benefit Tax Deferred Tax Other Tax Provision for Depreciation on Investmen ts made in India on Investments held at Foreign Offices Provision on Non-Performing Assets Provision on Restructu red Assets Provision on Standard Assets Other Provisions Total Floating Provisions

2.

{ d X roHe $ m ` m _| a bIo ` {m d | { Z Y na Z m V|a _ | m ^ { H $JE _ y ` gmH o{ $bE { V b Z IH $ mm d Y m Z (19.58) E o A Z O $A Hm p | V `o{ $bE m d Y m Z H m 11,494.10 n w Z g Va A M p | V `o{ $bE m d Y m Z {m H m 51.76 _ m Z A m p | V `o{ $bE m d Y m Z $H H m 978.81 A m dY m Z ` (98.14) `m o J 19,866.25 A W m ` m d Y m Z r {d daU A W eof ` m J o: n y d d QV >~u o QHA >$m B \ $ Xg oA a V [ a V m ` m J o: n y d Ed g ~ ur A m B gg orAA m B[ aV V V d H oX $ m da m { Z f d H oX $ m H m$ _Z r f a B {V f eo A m a { j { |Vgom m h a : `A U M my b f d 23.00 2.14 25.14

(19.58) 11,494.10 51.76 978.81 (98.14) 19,866.25

8,415.44 376.65 976.60 (34.10 ) 17,071.05 ` In crores

Particulars Opening Balance Add: Transferred from e SBIN Add: Transferred from e SB IC I Addition during the year Draw down during the year Closing Balance 3. Withdrawal from Reserves

Current Year 23.00 2.14 25.14

Previous Year 23.00 23.00

23.00

3.

d H oX $ m ~a m HZZ $oA m a { j{ V `{mZ Z { b paIm e{A m h [ H $ hs : f | go V Va { d dU a

H $ a m| o S > _ 31 _ m M 01 2 2 31 _ m M 01 1 2 H $ ps W { V H $ ps W { V H oA $ Z w g m a H oA $ Z w g m a
`

During the year, the Bank has withdrawn following amount from the Reserves: ` In crores Particulars Pension Liability charged to Reserves as per special dispensation from R B I On account of Inter Office reconciliation 4. Status of complain ts A. Customer complaints Particulars As at 31 Mar 2012 824 As at 31 Mar 2011 1,275 70 30,904 31,425 824 As at 31 Mar 2012 0.01 As at 31 Mar 2011 7,927.41

4.

A m a ~ r HA {m d Bef o ~ Y H A $ Z w n |e a o$ o g mZ X o ` A m a { j { gVo ` m | V A VH a$ m ` m _m bY`H m H Z$$ m a U g o { e H $ m| `H s$mp W { V V H$. J m $h { e H $ m `V | H {ddaU

0.0 1

7,92 7.4 1 -

31 _ m M 01 2 31 _ m M 01 1 2 2 H $ ps W { V H $ ps W { V H oA $ Z w g m a H oA $ Z w g m a 824 4 62 ,3 81 449,79 1 1 3 ,4 4 1 1,275 70 30,90 4 31,42 5 824 {nN >bm 7 1 31 83 7

No. of complains pendin at the t g beginnin of the year g

d f H oA $ m a_ |{^ d M m a{ me HY $r Z H ` $V sm |` m m g n y d dQ V~> uo H $m B \ $ XH mA ${ aY UHh oH $ $ md a U{ A > Q o J d f H Xo $ m amm { Ze H $ mH ` $V sm |` m g d f H oX $ m g a wm b ZP J mB {Be H $ mH ` $V sm |` m g d f H oA $ _V |{ d M m a{ me HY $r mH ` $V sm |` m Z g

B.

Additio on account of acquisitio of eSBI n n n No. of com plains receiv durin the year t ed g 462,381 No. of com plains redressed during the year t 449,791 No. of com plain pendin at the end of the year 13,414 ts g Awards passed by the Bankin Ombudsman g

I. ~ q H b$m o H $ n mm bn m [ a A { Y { Z U: ` J am V {ddaU M m db fy df d f H o A$ m a _ | ^H $ m ` m Zh p{ H d$ JE A { Y { Z U gs`m `| m t VE H $ 4 d f H o X$ m a ~m Zq H b $mJ o H $ n mm nab m [ a AV { Y { Z UH $ gs` m |` m 86 d f H oX $ m Ha $m mZ ` mA { Y { Zd H $ s` ` |m p U g m V 1 17 d f H oA $ _V |H $ m ` mZ {p H $JdEVA { Y { Z H $ s` m ` |m ht E U g 21

Particulars Current Year No. of unimplemen Award at ted s the beginnin of the year g 7 No. of Awards passed by the Banking Ombudsma during the year n 131 No. of Award im plem ened during the year s t 117 No. of unimplemen d Awards at the end of the year 21 te

Previou Year s 4 86 83 7

5.

g y ,_b K E _ _ C _ { d H g$ A { Y { Z,`_0 0 H oA $ V Jgy ,_b K E d _ _ C _ m | w d ` m 2 6 V w ` g o g ~ H $ Q > r H $og a$ UX m_| | g y , _ b K E d _ _ C _ Hm $ { d ob p ~ ^ w J V m mZ m | ^ w ` | m V ` {d b g o { H $ ^E w J V m oZ $m m a`UO H o^ $w J Z Hm $ H m $ m_ m B_ b[ a n m Zo htQ h > A hm . ~ JE H H$ | m V o m A Z w f |{ HJ `$mO mr aM w H $A mm Z n m o Vmg r ~ H $A n oZZg oh ` m o { H ` $ms m go oaM w H A m VZmrn O m {a H $h E 31 _ m M H $ m o |J A $m g r . 2012 M w H A m Z mr ng m H s$ H wb ~ H $mma `me { `2086.5 H $ a m( { on NSo >db `1,411.20 $m V | $ 6 f H $ a m Wo .r~S > H>H )$oA$ m H Z$ Hb oA $ Z wa gH m$ m{ do Bm r ^ m n S >H Z$gos ^ m dZZhtmh . ` d m d Y m ZUr H w amj A Z w n m V g$ a 31 _ m M H $ ~ m oHH $oA $ Z OA H $p A VZ w nH mo68.10 ( { n No >d bf 64.95% H $ m 2012 m V % $ ) m d Z {mH m J `m h . Y $` d 2011-12 _| ~ H $ E `gm o a | H og $ ~Y_| m \$ sg /n m [al{ _H $ f `dgm`
` H $ a m |o S > _ { n N > bdf m 210.04 7.24 1.14 0.06 1.74 0.84 221.06

5.

6.

With regard to disclosures relating to Micro, Small & Medium Enterprises under the M icro, Sm al & Medium Enterprises Development Act, 2006, there l have been no reported cases of delayed payments or of interest payments due to delay in such payments to Micro, Small & Medium Enterprises. Letter of Comfort issued for Subsidiaries The Bank has issued letters of comfort on behalf of its subsidiaries. Outstanding letters of comfort as on 31st March 2012 aggregate to ` 2086.56 Crores (Previous Year: ` 1,411.20 Crores). In the Banks assessment no financial impact is likely to arise.

6.

7.

7.

Provisioning Coverage Ratio: The Provisioning to Gross Non-Performing Assets ratio of the Bank as on 31st March 2012 is 68.10% (Previous Year 64.95%).

8.

8.

Fees/remune ration received in respect of the bancassurance business in 2011-12 ` crores Name of Company Previous Year S BI L ife Insurance Co. Ltd. 210.04 The New India Assurance Co. Ltd. SBI General Insurance Co. Ltd. United India Insurance Co Ltd. Manu L ife Financial Limited NTUC TOTAL 0.34 8.83 0.02 2.08 0.71 168.46 7.24 1.14 0.06 1.74 0.84 221.06 In 156.82 Current Year

H $ n HZ $r Z m _ m E g ~ r A m m B B ` m Ho a {b. Bb $\ |$g . X `By { SE > ` m go Ha | {b. m $. E g ~ r A m B a B ` m Ho {b. OZb a |$g . ` w Z m B Q { > SBo> S ` >m` m Ho a {b. $g . | _ Z b m $ \$ m B Z o { e ` w B\ b {b. E Z Q > r`yg r `m o J 9.

M m b y df 156.82 0.34 8.83 0.02 2.08 0.71 168.46

O _ m a m {,eA m J| _, m $U O m o p| I A ma A Z O $ AHm p |VH` m H |$ r H $ a U `{ F| _m $m H$) O _ m a m |{ H `$mH |$ r H $ a U e m ` H $ a m |o S > _ {ddaU M m db fy { n N > dfm b ~ rg d h_ VO _ m H $ HV $H s w O$A b_ mm | a m { e ` m 6 0,522 .6 m 2 40,267.48 ~ H $ H w O$ _ m a m _ {|~e rgmd h V _ H bs ` | O _ m H $ V O _ mA a mm H| { $eH `m{mVs | e V m $ 5 .8 0 % 4.31% I) A { J |_Hm $ H |$ r H $ a U m ` H $ a m|o S > _ {ddaU M m db fy { n N > dfm b

9.

Concentration of Deposits, Advances, Exposures & NPAs a) Concentration of Deposits ` crores Particulars 40,267.48 Percentage of Deposit of twenty s largest depositors to Total Deposit of the Bank s % b) Concentration of Advances ` In crores Particulars Total Advance to twenty largest barrowers s Percentage of Advance to twenty largest s borrowers to Total Advanc s of the Bank e c) Concentration of Exposures ` In crores Current Year 83,199.80 9.31% Previou Year s 65,236.21 8.45 % Current Year Year Total Deposit of twenty largest depositors s In Previous 60,522.62

5.80%

4.31

~ rg d h_ VC Y m a H H$ V{ mm oJE A m J | _ $ X E A{ 83 ,1 99 .8 0 ~ H $H $ w A$ {b J _| ~ rg| d h_ VC Y m a H $ V m A m | o _m H $ { mX JE A { J H_ m m{| V e V oE $ 9 .3 1% J) F $ U - O m o |p H _$mm |$ r H $ a U I H

65,236.21 8.45%
`

H $ a m |o S > _
Particulars Current Year

{ddaU M m db fy ~ rg d h_VC Y m a H $ V m H oHA$ wm $ |/b J m h H $ m | F $ U -O m o p I_ 2 ,1 3 ,7 7 4 .6 2 C Y m a H / VJ mm hna ~ m m|H | $H $ w F$ $b $ A $ o H U O m _ _| I~ rg d h_VC Y m a H $ V m H o A$ m |/ J m h H $ m | op F $ U - O m Ho pIm{ V V _ $ e 1 3 .9% 7 K) A Z O $ AHm p |VH` m H |$ r H $ a U $m

{ n N > dfm b 2,07,277.40 15.13%


d)

Previous Year 2,07,277.40

Total Exposu to twenty largest borrowers/ re customers 2,13,774.62 Percentage of Exposu to twenty res largest barrowers/customers to Total Exposure of the B ank on borrowers/customers Concentration of NPAs

13.97% `

15.13% In 2,931.51

` H $ a m |o S > _ {ddaU M m db fy { n N > dfm b e r f M mA aZ O A m p I mV V H mH | $ w F$ $b - O m _ p 2,931 .5 H $ o U o I 1 7 30.27 10. jo d m A Z O $ AHm p V ` m a H $ _ jo g ~ {joVH oH $ w A b{ J _ m | Y $ g. _| A Z O $A H p | V `$ mm{ V e V m H 1 H $ {d g ~ H $ m ` H $ b m n E f 8 .9 2% 6.74% M m db fy { n N > dfm b 2 C m( goyJ_ E d b K w _ V W ~ m h V ) _, ` 4 .1 2% 2.80% 3 godm E 2 .9 4 % 2.93% 4 d ` { $ FH$ $U 2.9 2% 2.54%

crores Particulars Previou Year Total Exposu to top four NPA accounts s re 730.27 10. Sectorwise NPAs 2 Industry (Micro & sm all Medium and Large) , Sr. Sector No. 3 Services 4 Personal Loans 1 A gricultu & allied activities re Overseas Assets, NPAs and Revenue Sr. Particulars No. 1 2 3 Total Assets Total NPAs (Gross) Total Revenue

Current Year

4.12% 2.80% Percentage of NPAs to Total Advances in that sector 2.94% 2.93% Current Year Previou Year s 2.92% 2.54% 8.92% 6.74% ` In crores

11. { d X o e m p V AmZ O $ AH m p VA` ma A m ` rA , ` H _$g . 1 2 3 {d daU H w A bm p V ` m $ H w A bZ O A Hm $ p V ` m $b ) $ (gH H w A bm ` $ M my b f d 1,80,342.80 2520.46 6,659.06 H $ a m |o S > _ { n N m b f >d 1,41,348.97 2,265.91 5,576.4 8
`

11.

Current Year 1,80,342.80 2,520.46 6,659.06

Previous Year 1,41,348.97 2,265.91 5,576.48

12. V w b Z n e m {b Z h m od Zm ob m ` m V {Egnrdr _| _ o O m ` m V {Egnrd H $ Z m _ o O r m X oer {ZaH $ {ZaH $ {dX oer {ZaH $ {ZaH $

12.

Off-balance Sheet SPVs sponso red Name of the SPV Sponsored Domestic Current Year N IL Previous Year N IL Unamortised Gratuity Liabilities In accordance with R B I circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated Februa ry 9, 2011 the Bank has opted to amortise the additional liability on account of enhancemen t in Gratuity limit over a period of 5 years beginning with the financial year ended March 31, 2011. Accordingly the Bank has charged a sum of ` 100 crores to the Profit and Loss Account, being the proportiona te amount for the financial year ended March 31, 2012. The unpaid liability of ` 300 crore as on March 31, 2012 will be amortised proportionately in accordance with the above circular. Amalgamation of SBI Commercial and Internationa l Bank Limited Consequen t to the notification of the Acquisition of State Bank of India Commercial and International Bank Ltd Order, 2011 issued by the Government of India, the undertaking of State Bank of India Commercial and International Bank Ltd (S B IC I)stands transferred to and vests in State Bank of India (the Bank), with effect from July 29, 2011, the effective date. The results for the year ended March 31, 2012 include the results of operations of the erstwhile SB IC for the period from July 29, 2011 to the year end March 31, 2012 and the I results of the Bank are not comparable to that extent. The amalgamation of State Bank of India Commercial and International Bank Ltd (SB IC)I with the Bank has been accounted for under the pooling of interest method as prescri bed in Accounting Standard 14 Accounting for Amalgamations. Pursuant thereto, all assets and liabilities including reserves of S B IC as on the effective date have been I transferred and vested in the Bank. The Bank held 100% of the share capital of the S B IC on the effective date, which stands cancelled. No shares were I exchanged to effect the amalgamation. The Assets and Liabilities of e S B IC Bank Limited taken over are as under:I ` In crores Amount Cash Assets & Taken Balance with Over R BI 16.70 282.46 257.22 43.33 9.72 634.14 Overseas N IL N IL

M m b y df { n N > bd m f

13. A n [ a e m V {CYn XZmX o ` V m E o ^ m a V [ra O d~ $HH $ o{ X Z$ m9 \$ adra2 0 1 H $ on[an g m` S > r ~ r A m o S > r . ~80/ .~ r g r 13. ` H rn r 21.04.018/2010-1 H $ oA Z wa g~ m $HZo 31 _ m M 1 2011 H o$ gm _ m { d m dr H $ o m ^a g o ` f 5 d H s$A d { V H J o r g` w mQ _|> ~ T >r mH $ on V[aaU m _ dA { V [$aX o ` V | m oAnmma e m o { Y V f Y $ r_ $n H $ [ H $o a HZ m$ { d H n M mw hZ . V X Za w~ g$mZo ` 100 H $ >a mb m^ E h mZ{I m oV_| { X IEm h O m o $ H o S d 31 _ m M 2012 H o$ gm _ m { dm d H s$A m Z w $n amm{e{V .H31 _ m M f h 2012 H o$ `m 300 H $ >a m o S H $s A Xm X o m V o$ Cm n ` w n[an H $ oA Z wa gg m m Z w $ m$n{ gVonH[ a e mVo { H m O m E J m . `H $ _ n Y$` 14. E g ~ r A HB $ m _ { eE `B > Q > ab Z ~o e$H{ b { _ Q> H o$ Sm _ m _ o b Z m b S Z > g 14. ^ mVa g a H a$ m m Oa mmr "a " Q ~> o HA $m$ \B { SH> $` m _b{E e B ` > Q > a Z~ o eH{b.b A { Y J h U Q > S Z$ A m X 2011'' A { Y g y MH Zo _mm `g_ o { X Z m29HO $ w b m 0B11 ( ^ m dV m arI) o oe $ 2 r g ( E g ~ r A m B ,g H A$ Cm nBH_ ^)$m a V r Q >~ o QH( Xr ~ H) H$ $ A o VV [ A ma { Z V h h m J o`m r m ` >$ m a { h . 31 _ m M H $ gm_ m d H o{ $bE O mA om {H X$ JE h ,oC Z | _n y d Ed gV~ ur A m B g r A m B 2012 o f E S > ~ HH $$esm I m |AH m29 O w b 2011 g o31 _ m M H $ gm_ om d f V H H$ oH $ $ m ` - n [ a U m _ o$ m B 2012 ^r g p _ {V h B g {Eb Cg g r _ V H ~$ HH $on $[ a U m H_ $ms |w b Z ht H $Os mg H $ Vh r . b . m V Zm Q > ~ o QHA>$m \ B { SH> $` m _b{ Ee SB` > Q > a Z~ o eH{b. ( E g ~ r A m B ) g Hr A^$m B V r ` $ m Z $b o m a Q >~ o QH_|>$g _ m _Zo _| b o I m Z _| b omI _ m Z 14 " " g _ m _ o Hb Z bmo I m HH $ oZ $' Z w g m a b H $ $H | $m ' A ` m H $Es H $ rU n$ X V H{ $ Cm n ` Jm {o H m J` `m h . Bg A m X Ho oA$ Z w g ^ am rd{ V { gWo O H a Y $ e ,m E g ~ r A m B ~g r AH m gsB n y A m p V d m |o ` V mH A ^mmmo|a V r Q >~ o QH_| >$A VV[E d H $$ U E `X $ ` a { Z V hH a$ { Xm` J `m { O g _C g H $ m a { j{V ` m { b h . ^ mr d{ V { HW $ ~m oHH $ on $m g { | sA ^r em _ E g ~ r A m B ~g r AH m$ 10 0 eo ` n y Wr { O g m {$Z a V Ur Hh $ Ja `om A m g _ m _ o b Z H $ sB % a O r H m a H $ m^ m rd~ Z m HZ o{ $bE { H $r g h H $ emo a { d { Z`_Z ht h A m . o o Va ` E g ~ r A m B ~g r A{ b {B_ .HA$ { Y J V hA r m p VE `d m o ` V {mZ E Z dh Hm s $ X V ` H $ a m| o S > _ A { Y J h AVm p V ` m r am {e [ a O d~ HH $on $m Z HX$E O m a m e{ g d _ 24.71 ~ H H $ onm $m| O m a me {E _ mJ ma A n g y M na m { V X o g _ d A Z ` 16.70 {d{Z Y m Z 282.46 A {J_ 257.22 A Mb A m p V ` m 43.33 A A m p V `m ` 9.72 H w A bm p V ` m $ 634.14 A { Y J V hXr o ` V m E A m a { j{ V ` m { Y e o E dA f 30.22 O _ m am { e`m 479.79 C Y m a a m { e `m A ` X o ` V Em E m d Z m d Y 24.13 H w X bo ` V m E $ 534.14 A { Y J hg rH $ bA m p V ` m V 100.00 15. A aV H $ m ` m I bV o ` m e m I m ,A {mZ |` $H $ m ` m A m b`W m` Yr Z H $ m ` m V WbH `mm m| a H m|$Ho $g so Q W m nH Z$ om A m | H am | Z m $ n a > ~ rM A aV H $ m ` `mI m V| Hm $ {m Z a AV ma Y na ag _ m Y m HZ $ Omma h m A m M a m db fyH o $ b m { ` h b m^ A m h m {I Z VHo $as m {na B g H H$ m m_ ho B d y ^ m n S >H Z$ As mme Z h h . a m e $ n U d o t 16. { d e f g _ V wZb^ m Ho $ gm { d V a U o d H $ oX m Z { d efo g _ V w b omh ow V m d Y amm e{_| go { d ef o g _ V Z b omH s$ ~ H $m ma m { e f am Z^ Z w^ ` `908 H $ > m o { dSVV Ha $ J sB . _ m M ag [ 31 2012 H o$ gm _ m d H $ oX m Z b m^ A ma h mZ {I m oV_ | f am 15. `41.11 H $ >a {oV b Z I{ HE $JE { O gm {$d efo g _ V w b omH $ o{ bE m d Z {mH m J `m W m . m So H Z^ Y $` 17. { V M H` $ s d Y m ZUr H $ a a m ~ \$ ^ m a V[ ra O d~ H $o{ X Z m A $ 201 H on[an g ` S > r ~ r A gm. ~rnr.~rgr.87/ ` $ 21 H b 1 $ m oS>r 21.04.048/2010-11 oA$ Z w g a UA m ~ a HH $ $ m mo A Z w _ H{ VA$ Z w g m a H,Z $o H _| o ~ 16. {gV ~ a 2011 H $ gm_ m A Y df H o{ $bE `1,100.0 H $ a H $oAm S{ V [$a m d Y {mH Z$ h` m. o 0 m > B g H $ m a HZ $oC n ` w n[a$nH oA$ Z w g`m a ~ 3,430.0 H $ a mH oo A$Sn>o { j { V M H $ s ` 0 V m d Y m Z r~H\$$ H $ b` m {VH $ h m . U a a m ` 18. A Z O $ AHm p |VH ` m $bE A { V [a m d Y m Z o{ V d H $ oX m Z ~a m$ H Zo d p $ N $n go H w> K Na yo bA Z O $ A H{ J | _Hm o{ bE `1,350 H $ a> mH mo$ S > f >H $ $ 17. A { V [ a m d Z {mH m$ h V m $ {E Ho g { J | _H $mo{ bE d g y rb ` m o am { | e Hms$ g ^ Vm h {md { |ZH `$ m V Y ` A ` ` o g ~ _ | m d Z hmomg H o $ . Y Y 19. { n N o>d b H $ oA Hm $ SH > $ dm V| o _A dZY H od$J u H U aH oA$ Z wn {$_ b o H s$ { g o C h | f m m { $ mZ > , `W m d `, H w Z g _ y { h V / nHw$ Za X Jm`Jmu H . {$OV _ m _ b _| ^ m a `V [ra O ~ d HH $o $ n$ {d ` h Z |m { X e m - { Z X }m m m|/ b oHI $oAmZ | w g m a$ Q > rnhbra ~U m {a H $ J` `m h , C Z H{ on $N >d bf e_ Z $ H H$ m o H oA $ m H h$ t S >{JE E . Z X h o

24.71 Balances with Banks and Money at Call and Short Notice Investments Advances Fixed Assets Other Assets Total Assets Liabilities Taken Over Reserve & Surplus Deposits Borrowings Other Liabilities and Provisions Total Liabilities Net Assets Taken 100.00

30.22 479.79 24.13 534.14 over

Inter Office Accounts Inter Office Accounts between branches, controlling offices and local head offices and corporate centre establishments are being reconciled on an ongoing basis and no material effect is expected on the profit and loss account of the current year. Disbursement of Special Balancing Allowance During the year, ` 908 cores of arrears of Special Balancing Allowance was disbursed out of the provision held for Special Balancin Allowance. An g amount of ` 41.11 crores was written back to the Profit & Loss account during the year ended 31st March 2012, being excess amount of provision held for Special Balancing Allowance. Countercyclical Provisioning Buffer In accordance with the guidelines issued by R BI vide their circular no. DBOD. No. BP.BC.87/21.04.048/2010-11 dated 21st April, 2011 and the dispensation granted to the Bank, the Bank has made an additional provision of ` 1,100.00 crores for the half year ended September 2011 thus achieving the required Countercyclical Provisioning Buffer of ` 3,430.00 crores as on September 30, 2011 as per the above

circular. 18. Additional Provision for NPAs During the year, the Bank has voluntarily made an additional provision of ` 1,350 crores against certain non performing domestic advances to provide for the estimated loss in collectible amount against such advances. Previous period figures have been regrouped/reclassified, wherever necessary, to conform to current period classification. In cases where disclosures have been made for the first time in terms of R BI g uidelin es/Accounting Standards, previous years figures have not been mention ed.

19.

W p Z O J r >YuV J v> STAT E B A N KO F IN D IA @ 31 X p E2012 @ _p X p \ ^O{ @ u< [h S @ Q r \ p < \\Z N { u T} `


C A S HFLOW STAT E M E N T O R T H E YEA R E N D E D 1 S T M A R C H2012 F 3
(000 @ F u> p u< Q YBp Y p`v ) (000s omitted) p
31.3.2012 Year ended 31.3.2012
`

/ Particulars

Cash Flow from Operating Activities

31.3.2011 Year ended 31.3.2011


`

H $ an y d {Zdb bm^ / Net Profit before Taxes g _ m ` m o/O Adjustments for : Z A Mb A m p Vna m_ y ` m / Depreciation on Fixed Assets | ` g A Mb A m p | VH ` m{$ d H ` na (bm^) h m { ({Z db) o $ / Z
(Profit)/ Loss on sale of Fixed Assets (Net)

18483,30,60 1007,16,87 44,14,62 919,74,24 11545,85,15 978,81,32 663,70,29 (98,13,53) (767,35,15) 3592,20,91 36369,45,32

14954,23,12 990,49,52 18,51,07 (925,69,54) 4,67,20 8792,09,28 976,59,50 646,75,05 (34,10,01) (827,73,02) 3019,94,33 27615,76,50

{ d { Z Y mH Zo {md |H n a (b m ^ ) / h m { ({Z db) $ $` Z


(Profit)/ Loss on sale of Investments (Net)

{ d { Z Y mH Zo nmw | Z _ y n`am (b m $^ )Z / h m { ({Zdb) $ H Z


(Profit)/ Loss on revaluation of Investments (Net)

A Z O $ AH m p | VH ` m{$ bE m d Y m Z o
Provision on Non Performing Assets

_ m Z H $m p Vn `am | m d Y m ZProvision on Standard Assets A / { d { Z Y mn a _ y| ` m Hg $ { b E m d Y m Z Zm o$ /


Provision for Depreciation on Investments

A m d YZ m Other Provisions ` / A Z w f | {/ ` m ` w C X `| _ go m V b m ^ em ({ d { ZZY m $ m ` H $ b m n ) J g V m H


Dividend from Subsidiaries/ Joint Ventures (Investing Activity)

n y OVr{J b I V| mna ` m ( { d m nU Ho $ m ` H $ b m n ) O m f
Interest on Capital Instruments (Financing Activity)

C n ` m o/ J

SUB TOTAL

g _ m ` m o/O Adjustments for : Z O _ m a m| {_| ` d { / ( H) $ / rIncrease/ (Decrease) in Deposits e m _ n y OV r{J b I V| mH o A b mm d C Y m a - a m| { e `dm { /(H $ _ r) $ _|
Increase/ (Decrease) in Borrowings other than Capital Instrume nts 7044,27,26 7867,95,93 109234,76,20 102711,42,11

A Z w f | {/ ` g ` $w C |_ m g h ` m ro ~J H| _| m{ d { Z Y |m Z m >o m o AS `H $ a J m / $ H $N m > { d { Z Y |m Z(d { ) / H $ _ r _| m


(Increase) / Decrease in Investments other than Investments in Subsidiaries / Joint Ventures / Associates (17312,03,78) (122148,07,24) (25050,97,48) (7897,23,60) (19759,83,32) 9327,22,95 (112416,78,73) 13528,05,74 (7832,00,06) 40801,64,44

A { J __| ( d { ) /rH $/ _ (Increase)/ Decrease in Advances |m A ` X o ` V mAAmmam d Y m_ Z d |{ /(H $ _ r) | | m


Increase/ (Decrease) in Other Liabilities & Provisions

A A m p V_|` m d { ) / rH $ _ (Increase)/ Decrease in Other Assets ` | ( /

C n `m o J /

SUB TOTAL

(000 @ F > p u YBp Y p` v ) pu <Q


(000s omitted) 31.3.2012 Year ended 31.3.2012
`

/ Particulars
H $ a^ w J V m Z / Taxes Paid n [a M m b H $ m ` nH gob / (_| `w )V {Zdb Z H $rX d m (H $ ) Z $ m h
Net Cash Flow from/ (used in) Operating Activities (A)

31.3.2011 Year ended 31.3.2011


`

(8708,75,29) (28468,58,61)

(6519,37,25) 34282,27,19

{ d { Z Z mH $ m ` H gob Z H $r Xd m h Y n$ m
Cash Flow from Investing Activities

A Z w f { Jg` ` |/ C$ _ m | g h ` m o J r H _ |m{ |d { Z Y _ | Z d { / H $ _ r mw / ~ $ m ( )
(Increase)/Decrease in Investments in Subsidiaries/Joint Ventures/Associates (705,56,95) 767,35,15 (827,24,17) 827,73,02

E o g{od { Z Y mnaZ A { OVA m ` m |

Income earned on such Investments

A { Y J hHU o H$ $ m an U d d V u> ~o Q H >A$ m B\ $ X Hm o e$ao ` a Y m aHH $ $ mm o | y Q ^ w J V m Z J B ZHH $$sa m { e X


Cash paid to the e-SBIn Bank Shareholders on acquisition of State Bank of Indore (1710,34,68) (27,85) (1245,49,04)

A Mb A m p | V_|` m( d { ) /H $ _ (Increase)/ Decrease in Fixed Assets r / { d { Z Y mH $ m ` H _| b m` wV {Zdb Z H $r X(I) Z n$


Net Cash used in Investing Activities (B)

(1648,56,48)

(1245,28,04)

{ d m nUm oHf $ m ` H gob Z H $r X d m h n$ m


Cash Flow from Financing Activities

B { $ Qe o `ra n y OH ro {$ Z J g _o m a m { e/` m >


Proceeds from issue of equity Share Capital 7891,30,87 (3592,20,91) (2151,43,88) 27,68 6496,99,60 (3019,94,33) (1420,22,28)

n y O r{J b I V mH| $ m Z J /_ Issue of Capital Instrumen ts V { n y OVr{J b I V| mna Xm ` m / Interest paid on Capital Instrume nts O b m ^ m n ea mH | $ ag { h V X m m ^ m e b
Dividend paid including tax thereon

{ d m nUm oHf $ m ` H gob m V {Zdb Z H $r X(J) n$ m


Net Cash generated from Financing Activities (C) 2147,66,08 2057,10,67

A VUa A m a { j{ V `na {d{ Z ` n [ a d V HZ $m m| | m _ ^md (K)


Effect of Exchange Fluctuation on Translation Reserve (D) 2217,09,51 (54,76,10)

g _ m _ o b na n y d u d E g ~ r A m B g r~A m {Bb { _ Q >>go SA { Y J h rV Z V $ H o {Zdb Z H $rXE d Z H $rXg _ V w (L > ) `


Net cash and cash equivalents taken over from erstwhile S B IC Bank Limited on amalgamation I (E) 41,41,22

g _ m _ o b na n y d u d VQ > ~o Q H> A$ m \B$ X gm o A { Y J h r V Z a {Zdb Z H $rXE d Z H $rXg _ V w (M) `


Net cash and cash equivalents taken over from erstwhile State Bank of Indore on amalgamation (F) (25710,98,28) 1646,09,70 36685,43,42

Z H $r XE d Z H $r Xg _ V w | ` _| {Zdb d { /(H $ _ (-H$)+(I)+(J)+(K)+(L>)+(M) m ) r


Net increase/(dec rease) in cash and cash equivalents (A)+(B)+(C)+(D)+(E)+(F)

(000 @ F > p u YBp Y p` v ) pu <Q


(000s omitted) 31.3.2012 Year ended 31.3.2012
`

/ Particulars
d H o $ m a^ _| Z H $r XE d Z H $r Xg _ V w ` f
Cash and cash equivalents at the beginning of the year

31.3.2011 Year ended 31.3.2011


`

122874,14,77

86188,71,35

d H o A _| Z H $r XE d Z H $r Xg _ V w ` f $V
Cash and cash equivalents at the end of the year 97163,16,49 122874,14,77

:
. . . . . . . . .

SIGN E BY: D

Shri Dileep C. Choksi

Shri S. Venkatachalam Shri D. Sundaram ( )


Shri Parthasarathy Iyengar

Shri G. D. Nadaf Shir Jyoti B. Mohapatra Shri Rashpal Malhotra Shri Deepak I. Amin Dr. Subir V. Gokarn

A. Krishna Kumar
Managing Director & Group Executive (National Banking)

D irectors

Diwakar Gupta
Managing Director & Chief Financial Officer

Hemant G. Contractor
Managing Director & Group Executive (International Banking)

( )

Pratip Chaudhuri
Chairman

@ p u [@ p O p 18 X e, { 2012

Kolkata
18th May, 2012

b o I m n a r jH H m[ a n m o Q > | $ s$
{V ^ m Va H s a m > n { V , $

R EPO R OF THE AU D I ORS T T


To The President of India, We, the undersigned Auditors of State Bank of India, appointed under Section 41 (1) of the State Bank of India Act, 1955, do hereby report to the Central Government upon the Balance Sheet, Profit and Loss Account and the Cash Flow Statement of the Bank. We have audited the accompanying financial statemen ts of State Bank of India as at 31st March 2012, which comprise the Balance Sheet as at March 31, 2012, Profit & Loss Account and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information. Incorporated in the said financial statemen ts are the returns of: i) The Central Office, fourteen Local Head Offices, Global Markets Group, International Business Group, Corporate Accounts Group (Central), Mid- Corporate Group (Central), Stressed Assets Management Group (Central) and forty two branches audited by us; 11060 Indian Branches audited by branch auditors; and 52 Foreign Branches audited by the local

1. ^ m a V r Q >> ~ o $Q H A { Y { Z `_ ,159 5 s$ Y mm a41(1) H o $ 1. ` H A VVJ Z `$w h _ ,^ m a `V r Q >> ~ o $Q H H $ o A m o h V m j a r { b o Im n a r jH~ $$ H H $ o V w b Z, nb m^ A ma h mZ { I m oV V W m , Z H r$ d m { d dU H o~ $m _| oH |$ ga H $ Hm $aEm V o X X A m Z rm X h a a dna [ a n m o QV >w V$ a hV o. H
2.

2. h _ o ^ m a `V r Q >~ QH >$$31 _ m M H ${sd m {r d d a { U ` m Z oH s 2012 ` { O g|_31 _ m M H $ V w b Z An m Cag V m a r $ gm _ om 2012 m r IH d H $ b m^ A m h mZ {I m o VV W Z H r $ Xd m { d dU E _ h d n y U f o a m h a d b om Z r { V | `Hmo g m ae m V W A { d d a U m g_yHMm Z $ s I $ m ` $ H b o I m nm rHj $ hs . C $ { d m { d d a U_|m{ Z Z { b p HI ob$o I o a ` r | V e m {b h : _
i)

H o $ H $ rm` ` m b ,W m` Z Xr Z H $ m ` m, d pb d H $ ` M Y hm ` ~ m O g _ay ,h A V a m `d g mr `g _ y h H $ m a n bmo I m o Q > m >` , oa g _ hy ( H o $ , ` )` - H $ m > agn_my (o H oo Q , rZ )m d J V _r h a $ V ` A m V ~ ZY g _ hy ( H o $ , Ar `ma 42 (~ `m b rg ) p ) e m I m, E{ O Z sHb $ I m nma rhj _ o H $ hs ; o Z 11060 ^ m a `V e m I m , E{ O Z H b$o I m n m r e m I m r s a j b o I m n a r |jH o$ m; sV W m Z H$ { d Xe op W 52 e m I m { O g H b o I m nma r W m Z r ` V E s $ j b o I m n a r |jH o$ m s . Z H$

ii)

ii) iii)

iii)

auditors. The branches audited by us and those audited by other auditors have been selected by the Bank in accordance with the guidelines issued to the Bank by Reserve Bank of India. Also incorporated in the Balance Sheet and the Statement of Profit and Loss are the returns from 3811 Indian branches and other accounting units, which have not been subjected to audit. These unaudited branches account for 1.18% of advances, 4.56% of deposits, 1.06% of interest income and 4.89% of interest expenses. The management is responsible for the preparation of these financial stateme nts in accordance with the requirements of the Reserve Bank of India, the provisions of the Banking Regulation Act, 1949, the State Bank of India Act, 1955 and recognized accounting policies and practices, including the Accounting Standards issued by the Institute of Chartered Accountants of India (IC A I) This . responsibility includes the design, implementation and maintenance of internal control relevant to the preparation of the financial statemen ts that are free

h _ m Ea d b om n a r jH |$ mm ba o m n a r{ j e m I m |AH m$ m oA ` I mI V M Z ^ m a V [ra O ~ d H $ m ~a m HH $ $ {m X o JE { X e m { Z HX o }$ e m | ` ` E A Z w g{ m a$ J m h . H ` `m V w b Z E d b m^ h m {{Zd d a rU_| 3 8 1 ^ m a `V er m I m |AE m n d A b o I m Z B H $ mH B$ {sm d| { U ^r e m {b h { O Z sHb $ I m ` H$ ` d `m _ o n a rmj A n oV j Z h h . BZ A b o Im n aVr{e jm I m |AH m$ {mh g m { t A { J | __|m1.18% O _ m a m | {_|e 4.56%, ` m A m _ | `m O ` 1.06% V W m m `` _| 4.89% h . `O 3. ^ m a V [r a O ~d $ HH s$ A n o j m| AEmd ~ H $ rH {$dm{ Z ` _ Z ` a A { Y { Z ,`_ 9 4 H o $m d Y m^ Z ma V r Q >~ o QHA>${ Y { Z `_ , 1 9 , m |` 1955 V W g m m {>d b Q I m - Z r {| V d` n a n a m^ A m V,gr Z X r _ o E m m a `| b o I m a $ W ( m m B g r) E A mm OB mr b o I m U $ E d H gm Z A a a H a b o I m nm r_j m Z HH $oAm Z | w a gBZ { d `m {r d d a |UH m$ Vm o` m a$ a Z o a $ m H H ${ sO _ o X mH a $r - Z~H $hs Bg { O _ o X A $ a rV dJ Vm r ` ~ Y. H m o { { d d a { U H` m Vs ` mg aogr ~ {AY mV V {[ Z H $ U m{ $S| > O m B Z , | $ a` H o
3.

H $ m ` m E dA dZ` wU j^r e m {b h O m Y o m o I m `m wS {> Qr > d e Za _ K { H $ ^r H $ m oa $ V V JbV ~ `m rZg o_ w h V > . rg H d wJ


4. 4. h _ m { O _ or X m{ a m {r d d a { U namA n rZ b om n a r j n a r a BZ d ` | ` I m A m Y Vm A a{ ^V X o H s$ h . h _ oZ A n Z b o m n a rm ^ m a V r ` [ _ Z o r I j g Z X b o I m H g$ m a mm Za mr ba om n a rm _ m Z HH $ oAm$ Z wo g m a r W Om I j n yr aH s$h . BZ _ m Z HH $oAm | V J`h V n o j H $ Os m V { H h_ $ A m h r $ A n Z Z { V {HO $ _ o X m [$ anm`m Z| H $| Ea d A n Z b o Im n a rjm r H mb r H s$` m omOBg H a ~ Z m AE ma { Z n V { X$, aV| m $ {h_ g _ w { M V Z $m m H H $n go Bg ~ mo _| A m h m O m {E $H { d m { d d a U_|mH $ m o B a V o ` r | d V V JJbV { d d U Z ht { X JE h . w a E 5.

from material misstatements, whether due to fraud or error. Our responsibility is to express an opinion on these financial statemen ts based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statemen ts are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statemen ts. The procedures selected depend on the auditor's judgment, including the assessment of the risk of material misstatement of the financial stateme nts, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Bank's preparation and fair presentation of the financial statemen ts in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonablen ess of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statemen ts. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Without qualifying our opinion, we draw attention to: a) Note 18 of Schedule 18: 'Notes to Accounts' regarding the additional provision of `1,350 crores in respect of certain non performing domestic advances. Note 13 of Schedule 18: 'Notes to Accounts' regarding deferment of gratuity liability of the bank to the extent of `300 crores in accordance with R BI circular no.DBO D.BP.BC.80 /21.04.018/ 2010-11 dated Februa ry 9, 2011 and the exemption granted by the Reserve Bank of India to the Bank from applicability of provisions of accounting Standard 15: Employee Benefits.

5. b o Im nm r Hj o A$ VVJ {d `m r{ d d a |U _|m VVwa m { e `Am m a a | H $ Q > r H $og a$_UWZ | { X JE g m H $ narj A m Y n a m _| E ` s U a m O m H M Os m V .r O m H Mo{ $bE M w J ZB rn { V `bmo Im n a r jH $ $ h H o{ $d d o ,H d m {r d d a { U _| m m o I m ` Y wS >{ Q H> $ m hHamU o$ Z o {$ ` | `Y m r o d m rb { H $ ^r d V V JbV ~ `m rZH oO$ m o_ pH I o_ $y ` m n H $ Z rg wJ a A m Y Vmh [ma oh V. BZ O m o_ p_ Iy ` m HH $${ mZ m m H $ a a UV o r Y | g_` b o I m n a $ jH HH $o{ $d m {r d d a { U H` mVm o` m a E Hd C aZ ZH o o $ r~ ` | $ $ C { M V g ogV w {AY mV V {[ Z H $ UH m gm| ok m_ Zb o V h m ~{V a` $ | V m {BZ n$ [ a p W | {H Vo{`$bE g _ w V M omI n V{ H $ {mS > O m B Z H m {b o { H $ O mm H ob$o.m n a rm H oA $ V J Z m a` m $ b o Im ` g I j ~ VY w { g m V V mm_| w A m H $| bH Z$ mmZ Y m V Wa Um_ { d m r ` W I { g J { d dU H $ s V wH { $V_my ` m ^r {$HZ $ O mm V m a H ` h . 6. h _| { d g h { H h$ _ m a om a m { H m `J `m b o Im g m h_ m a o m m $ ` b o m A { ^V H $ Am mo Y mX am H Z $ a{ZbE n ` m C n `$w h . I _ o Ed 7. A n oZ A { ^V na { ~ m { H r$ { V Y~ H oh_ A m n H $` m {ZZ Z _ Z g $ H $ As m Ao am H $ H f$a M mm h: |J o { Z V H )$ A Z w rg 18 H ${ s Q > 1n 8U "r "> b o I m - { Q > ' nO { mU o`wm $ N > >' yM H A Z O $XHor e A { J | _H mo g ~Y_| `1,350 H $ a> m H o o S$ $ A { V [$a m d Z go g ~ V{hY . Ym
6.

7.

I) A Z w g 18 Hr $ {s Q > 1 3 "> " b o I m - { Q > nO{ U `o m '' b) yM nU r m ^ m a V [ra O ~ d HH $o{ $X Z m9 \$ a$dra2 0 1 H on$[an ` H g ` S > r~ rA m o S > r.~ rn r.~ rgr.8 0 /2 1 .0 4 .0 1 8 /2 0 1 0 m 11 E d b om _ m Z X1 5 H> $ _ { h m b^rmH o $m d Y m Z m | I S M Va H A $ Z w nZ m bg $ ~ Y m a V[ ra O~ d $m aXmZmH $J sB o H o _| ^ ` H N y >H Q o A>$ Z w g ~m aHH $$ `300 H $ a mJ o o >` Xw oQ ` VH rmo $ s S > A m W gJog ~ {hY . V Z 8. h _ m A o ^V _ ,| ~ HH $$ ~s { h `| m X e m JE EA m O a h m H h$ _ | a{ _ _| V O m Z H h $Vm Wa h m_ { X JE n > r H | $H a U $ m wa g: m r| E oA Z H )$ _ h d yb UmI Z r { V| Em V g r~b oYI m - { Q > | Hn {o U ` m n o ` d $ g m n TO > mo na oV w b Z nny UE d ghr h , { O g| _g _ V W Z
8.

In our opinion, as shown by books of the Bank, and to the best of our information and according to the explanations given to us: a) the Balance Sheet, read with the significant accounting policies and notes thereon is a full and fair balance sheet containing all the

necessary particulars, is properly drawn up so as to exhibit

^ m a V r Q >~ o QH>>$d m { f a H m$2011-12 ` [ n oQ >

200 2002

State Bank of India > Annual Report 2011-12

A m d $ O m Z H e$m {ab r h V W Cm g o H $ m a ` m a `H m _ Bg V { H $ J` `m h {dh $31 _ m M H $ ^m m Va _| g m _ m ` m H 2012 o $n go d r H a ${ m E$JE b o m { g m H VA $ m w ~$ nHH $o $ H I o Z| H $ m _ HH $$ gmhr A m g aQ > r{HM$ X e m V m m O h ; I) _ h d yb UmI Z r { V| `Em V g r~b o YI m - { Q >| H {o U$ ` m n o d n g m n TO > mo na ob m^ E h mZ {I m m ^ mVa _| g m _ `m n W Z d V $ g o d r H ${ m a$JE b o m { g m H V $ m w $ ny , d m bo $ H E I oA Z | Mf H b m^ H $ gmhr e of X e m ; VV mW m h J) Z H $ X d m { d d a,U g X ^ m { VY { rHW $ gm _ om d H o $ r h Z f Z H $r Xd m H $ gmhr E d g Q > r{HM$ V w V a V m h H$ h . 9. V w b ZAn m b m^ E d h mZ {I m mV ~ H $ r H{ d { ZaZ A { Y { Z `_ , a $ m `_ 1949 H $ s V A VZ rw` g Hy MH$ r $: _ "eH ' $A ma "I' \ $ m __ m ] o | V ` m{ H $JE h A m ` oa ^ m a V r Q >~ o QHA>$ {Y {Z `_ ,1 9 5 5 a E ` V W Cmg H Ao V J~Z V d { Z `| _H moC $ n ~ HY oA $ Z| wa gAmn o { jV $ {o m O m Z H X$ omhV or. a 10. C n ` w n a $m J2 m o\5 H $ gs r _ m AH m$ Am { V H U Z$ H $ a hV oE g $ | _ E ^ m a V r Q >~ o QHA>${ Y { Z `_ ,159H5 $As n o j m| HA om$ Z w $ n d ` A E V g r ~A n o V j H $ QH > $Zs r _ m A H moA|$ V J ah V h o E d Y { g h_ { Z Z m ZAwn Z m a an m o QV >w V a hV {,o H :$ gr [ H $ H )$ h _ o O h m^r H $ mO omB Z H A$ m a an > r H $ am hJ ,mO m o Z r U_ h _ mr b o Im nm rHj$ o ` m o O h _ mr O m Z H A$ m {ad m g a a Z go a r m a H A $ Z wa gAmm d ` H mh _| dh O m Z H A$ m anr > r H $ a U o $W , m a { Xm` J `m h A m h a Z Co g g V m o fnOmZ `hm $. _ o H I) h _ m O r m Z H _|$ A ma ~r HH $ob $o Z -Z ~ o HH $oA$ { Y H $ m a a mE X jo _| hr h . J) ~ HH $ oH $ $ m ` m A mb e` m I| m | Agom m { d d a { h` _ m a r am U m b o I m nm rHj oC $ ` o go C { V n m JB B h . a M 11. h _ m A { ^V H oA $ Z w g V w b Z, n m^ A m h m {I m V Vm W m ao _ ,ma b a Z Z H $ d m { d dU b myJb om _ m Z HH $oAm Z | wn h $ . rX h a I $
9.

a true and fair view of state of affairs of the Bank as at 31st March 2012 in conformity with accounting principles generally accepted in India; b) the Profit and Loss Account, read with the significant accounting policies and the notes thereon shows a true balance of profit, in conformity with accounting principles generally accepted in India, for the year covered by the account; and the Cash Flow Statement gives a true and fair view of the cash flows for the year ended on that date.

c)

The Balance Sheet and the Profit and Loss Account have been drawn up in Forms "A" and "B" respectively of the Third Schedule to the Banking Regulation Act, 1949, these give information as required to be given by virtue of the provisions of the State Bank of India Act, 1955, and Regulations there under.

10. Subject to limitations of the audit indicated in paragraphs 2 to 5 above and as required by the S B I Act, 1955, and subject also to the limitations of disclosure required there in, we report that: a) We have obtained all the information and explanations which to the best of our knowledge and belief, were necessary for the purposes of our audit and have found them to be satisfactory. The transactions of the Bank, which have come to our notice have been within the powers of the Bank. The returns received from the offices and branches of the Bank have been found adequate for the purposes of our audit.

b)

c)

11. In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement comply with applicable accounting standards.

h _ mr B g V m Ia H $[ sa n m H o oA$ Z> w g m a a r r Q

In terms of our report of even date


Chartered Accountants
Viraf Mehta Partner : . M.No. 32083 . .Firm Regn. No. 104607 W .

STAT UTORY C E N T RL A U DTORS A I . Chartered Accountants .


For Dagliya & Co.

For Kalyaniwalla & Mistry

\$ _

\$ _

P. Manohara Gupta Partner : . M.No. 016444 . .Firm Regn. No. 000671 S .

. . .
ts Chartered Accountan

.
For M. Verma & Associates

For B. M. Chatrath & Co.

Chartered Accountants _ XZ d _ m

\ $ _

S. Krishnan Partner : . M.No. 051626 . .Firm Regn. No. 301011 E .

Eg. H $ U Z

\$ _

Madan Verma Partner : . M.No. 080939 . .Firm Regn. No. 501433 C .

. . .
For K .K. Soni & Co.
tants


For Krishnamoort hy & Krishnamoort hy

Chartered Accoun
K. K. Soni Partner : . M.No. 007737 . .Firm Regn. No. 000947 N . For Essveeyar, Chartered Accountants

Chartered Accountants gr. A m. a a o _ m Partner : . M.No. 029182 . \ $ _ .Firm Regn. No. 001488 S . V m o S > r For Todi Tulsyan & Co. Chartered Accountants
Sushil Kumar Tulsyan Partner : . M.No. 075899 . .Firm Regn. No. 002180 C . C. R. Rema

. .

\ $ _

\ $ _

B. Shanmuganathan Partner : . M.No. 027882 . .Firm Regn. No.000808 S .

~r. f U _ w J m Z m W Z

\$ _

Chartered Accountants . .

For Venugopal & Chenoy

H $ qVg K E SH > $ n Z r or Chartered Accountants a m O rq g K r d


For Singhi & Co.

\$ _

D. V. Jankinath Partner : . M.No. 029505 . .Firm Regn. No. 004671 S .

\$ _

Rajiv Singhi Partner : . M.No. 053518 . .Firm Regn. No. 302049 E .

. . . For K. G. Somani & Co. Chartered Accountants A O g ym o _ m Z r

For SCM Associates Chartered Accountants nr. H o $~ .m b Partner : . M.No. 055147 . \ $ _ .Firm Regn. No. 314173 E .
P K Bal

\$

Anju Somani Partner : . M.No. 511267 . _ .Firm Regn. No. 006591 N .

. . .

For K. C. Mehta & Co. Chartered Accountants { M a m~ er J

Chartered Accountants A e m o H w $ O m Za $ _

For SBA & Company

\$ 18 2012 ,

Chirag Bakshi Partner : . M.No. 047164 . _ .Firm Regn. No. 106237 W . Kolkata

\$ _

Ashok Kumar Jain Partner : . M.No. 072262 . .Firm Regn. No. 004651 C .

18th May, 2012