Slides
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Quarterly Q3FY25 A N A L Y S T P R E S E N T A T I O N | 0 6 . 0 2 . 2 0 2 5
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Safe Harbor Certain statements in these slides are forward-looking statements. These statements are based on Management's current expectations and are subject to uncertainty and changes in circumstances. Actual outcomes may differ materially from those included in these statements due to a variety of factors.
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Contents Performance Highlights Financial Performance Capital Adequacy Asset Quality Digital Journey Banking with a Purpose 2 3 4 5 6 7 06-22 32-36 23-29 37-4430-31 45-51 Executive Summary 1 04-05 Subsidiaries, Group Financials & Balance Sheet 8 52-57
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Executive Summary
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Q3FY25 Analyst Presentation 5 Key trends in Q3FY25 Liability franchise – sustained domestic market share of over 22%, driven by reach, trust and adding value to customers Current account balances up 14.22% YoY, Deposits cross ₹ 52 lakh crore Domestic Credit growth – up 14.06% YoY; significant scale across business lines Whole Bank Advances cross ₹ 40 lakh crore, broad based credit growth, higher than market; domestic credit to deposit ratio at 68.94% Industry leading asset quality outcomes – credit cost at 0.24% for the quarter Slippage ratio at 0.39%; retail personal slippage ratio at 0.32% Well provided for Stressed Book, PCR at 74.66% Net NPA at ₹ 21,378 crores; additional provisions of ₹ 29,757 crores not included in PCR Digital Banking – >98% transactions through alternate channels 64% of savings account opened through YONO in Q3FY25, 8.45 crore registered customers Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Performance Highlights
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Q3FY25 Analyst Presentation 7 Key performance indicators Whole Bank advances cross ₹40 trillion 14.06% YoY Growth in Domestic Credit Robust growth across all segments Whole Bank deposits cross ₹52 trillion 9.81% YoY Growth in Deposits Net Profit In Q3FY25 at ₹16,891 crores ROA at 1.09% for 9MFY25 ROE at 21.46% for 9MFY25 Whole Bank NIM at 3.12% for 9MFY25 Domestic NIM at 3.25% for 9MFY25 Well provided Stressed Book PCR at 74.66%; PCR (incl. AUCA) at 91.74% Total non-NPA provisions (not included in PCR) at ₹29,757 crores which are ~139% of Net NPAs at the end of Q3FY25 >98% transactions through alternate channels Digital leadership in Debit card spends, ATMs, value & no. of Mobile Banking transactions YONO driving digital agenda of the Bank with 8.45 crore registered customers Business growth continues Profitability Asset quality improving outcomes Gross NPA at 2.07% Net NPA at 0.53% Credit Cost for 9MFY25 at 0.37% Digital Leadership Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 18,81,297 19,65,237 Dec 23 Dec 24 CASA 8 Key indicators Quarter Ended YoY GrowthQ3FY24 Q3FY25 Net Interest Income 39,816 41,446 4.09% Net Interest Margin – Whole Bank (%) 3.22 3.01 -21 bps Net Interest Margin – Domestic (%) 3.34 3.15 -19 bps Operating Profit 20,336 23,551 15.81% Net Profit 9,164 16,891 84.32% Credit Cost 0.21 0.24 3 bps Net NPA 0.64 0.53 -11 bps PCR (Incl. AUCA) 91.49 91.74 25 bps PCR 74.17 74.66 49 bps Capital Adequacy 13.05 13.03 -2 bps Gross Advances 35,84,252 40,67,752 13.49% Total Deposits 47,62,221 52,29,384 9.81% Profit & Loss (₹ in Crores) Key Ratios (in %) 0.94 1.09 9MFY24 9MFY25 Return on Assets 19.47 21.46 9MFY24 9MFY25 4.46% 26,86,630 30,48,623 Dec 23 Dec 24 Term Deposits 20,06,179 22,80,114 Dec 23 Dec 24 RAM Advances 13.65% 10,24,094 11,76,303 Dec 23 Dec 24 14.86% 15 bps199 bps (%) (%) 13.47% Return on Equity Balance Sheet (₹ in Crores) Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview ₹ in Crores Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality Corporate Advances
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Q3FY25 Analyst Presentation Credit growth 9 13.80 9.63 42.78 33.79 Dec 23 (%) 42.50 9.30 35.00 13.20 SME Agri Retail Per Corporate Segment Dec 2023 Dec 2024 YoY Growth (%) Retail Personal 12,96,310 14,47,337 11.65 Agri 2,91,748 3,36,418 15.31 SME 4,18,121 4,96,359 18.71 Corporate 10,24,094 11,76,303 14.86 Domestic Advances 30,30,273 34,56,418 14.06 Foreign Offices Advances 5,53,980 6,11,334 10.35 Total Whole Bank Advances 35,84,252 40,67,752 13.49 AGRI Corporate Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview SME 14.36 9.73 41.88 34.03 Dec 24 (%) Agri Retail Per Corporate SME ₹ in CroresShare of Domestic Advances Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation Credit growth 10 Leadership across all segments Retail Personal Banking As on Dec 2024 Retail Personal Portfolio of lakh crores 3 - year CAGR at Dec 24: of Dom. Adv. Home Loans Auto Loans Xpress Credit As per latest available data Bank’s market share in Home loans is 26.9% & in Auto loans is 20.1% Personal Gold Loans Other P Seg Loans O/S, ₹ in crores YoY Growth, % GNPA, % Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 11 8 7 7 15 17 26 28 41 40 Dec 23 Dec 24 11 Credit growth Diversified Loan Portfolio High quality asset book Corporate Rating mix (%) BBB BB & below AAA A AA ~40% share to PSUs / Govt. Depts. as on Dec 24 Outstanding as on 31st Dec 24 Fund Based O/S Sectors Amount % Share YOY Gr % Infrastructure 3,89,630 11.27 4.76 of which: Power 2,03,756 5.89 8.39 Telecommunication 27,868 0.81 -19.00 Roads & Ports 1,08,787 3.15 0.22 Other Infrastructure 49,219 1.42 20.09 Services 4,82,915 13.97 20.31 Iron & Steel 68,845 1.99 12.34 Aviation & Airports 24,023 0.70 35.21 Tourism & Hotels 10,209 0.30 -22.76 Textiles 38,914 1.13 4.24 Petroleum & Petrochemicals 53,309 1.54 6.38 Engineering 34,456 1.00 34.46 Comm. Real Estate 64,082 1.85 34.22 Other Industries 5,06,280 14.65 21.76 Home Loans 7,92,827 22.94 14.26 Auto Loans 1,24,462 3.60 10.03 Other Retail Loans 5,30,048 15.33 8.33 Agriculture 3,36,418 9.73 15.31 Total Domestic Advances 34,56,418 100.00 14.06 (₹ in Crores)Industry mix AAA AA BBB BB & below A Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 12 Credit growth International Banking Gross Advances: 10.35% YoY growth 5,53,980 5,39,086 5,52,957 5,88,185 6,11,334 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 ₹ in Crores Break up of Loan Portfolio (%) 32.4 35.5 32.1 Local Lending India Linked Loans Trade Finance Loan Portfolio across Geographies (%) Asset Quality: NPAs Contained GNPA (%) 0.32 0.28 0.25 0.24 0.23 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Highlights: • Customer Credit crossed ₹ 6 Trillion milestone for the first time. • Gross advances have grown by 10.35% YoY. External Commercial Borrowings, Local Credit and Trade Finance business are major drivers of customer credit. • Growth in customer credit is majorly contributed by New York, GIFT City, Singapore, DIFC Dubai and Hong Kong branches. • Gross NPA ratio is down by 9 bps YoY and showing declining trend quarter over quarter, underlining high quality of assets booked. Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview 26 19 98 7 6 6 5 3 3 8 USA UK HongKong GIFT City (India) Bahrain UAE Singapore Japan Germany Antwerp Others Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 13 Deposit growth TD, 58.82 SA, 35.72 CA, 5.46 Dec 23 (%) CASA: TD, 60.80 SA, 33.51 CA, 5.69 Dec 24 (%) CASA: Particulars Dec 2023 Dec 2024 YoY Growth (%) Current Account Deposits (CA) 2,49,538 2,85,013 14.22 Saving Bank Deposits (SA) 16,31,759 16,80,224 2.97 CASA Deposits 18,81,297 19,65,237 4.46 Term Deposits (TD) 26,86,630 30,48,623 13.47 Domestic Deposits 45,67,927 50,13,860 9.76 Foreign Offices Deposits 1,94,294 2,15,524 10.93 Total Deposits 47,62,221 52,29,384 9.81 ₹ in Crores Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Share of Domestic Deposits Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 4.7 5.1 5.8 7.4 10.0 10.9 11.9 13.7 15.1 15.8 16.5 16.8 15.87 16.33 16.78 17.17 22.41 22.01 22.14 22.22 22.27 22.41 22.54 22.74 0.00 5.00 10.00 15.00 20.00 25.00 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18 Mar 19 Mar 20 Mar 21 Mar 22 Mar 23 Mar 24 Dec 24 Savings Account Balance (₹ Trillion) Number of Branches ('000) Unmatched Liability Franchise – Key value driver of the Bank 14 Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview • Short term cyclical factors notwithstanding, SA remains strong for the Bank; 5 year CAGR: 7.8%, 10 year CAGR: 12.7% • Outstanding balance in Saving Accounts is almost three times of the next largest Bank • Number of SA accounts opened daily: ~65,000 • Strengthening liability franchise and CASA mobilisation remains the strategic focus of the Bank Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 15 Asset quality Restructuring Restructuring 1.0 As on Mar 24 As on Dec 24 Retail Personal 2,001 1,718 Corporate 816 606 SME 2,075 1,480 Total O/S 4,892 3,804 Restructuring 2.0 As on Mar 24 As on Dec 24 Retail Personal 9,048 7,667 Corporate 0 0 SME 3,339 2,236 Total O/S 12,387 9,903 Total Restructuring 17,279 13,707 Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview ₹ in Crores Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation Net interest income 16 3.41 3.43 3.35 3.31 3.25 2.21 2.16 2.22 2.14 2.06 3.28 3.28 3.22 3.18 3.12 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Net Interest Margins (%) Domestic Ops Foreign Offices Whole Bank 8.88 8.91 8.83 8.87 8.89 6.13 6.14 6.21 6.24 5.92 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Yield on Advances (%) Domestic Foreign Offices 4.75 4.81 5.00 5.03 5.07 3.95 4.03 4.30 4.32 4.23 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Cost of Deposits (%) Domestic Foreign Offices 6.95 7.00 7.20 7.21 7.21 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Yield on Investments (%) Domestic Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview (Cumulative) Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 17 Non-interest income Fee Income 6,241 7,267 Q3FY24 Q3FY25 16.45% 899 925 Q3FY24 Q3FY25 Commission on Government Business 2.93% 1,108 1,288 Q3FY24 Q3FY25 Cross Selling 16.19% Fee Income grew by YoY in Q3FY25 Recovery from AUCA accounts at crores in Q3FY25 ₹ in Crores 1,292 1,542 Q3FY24 Q3FY25 Loan Processing Charges 19.36% 792 965 Q3FY24 Q3FY25 Commission on LC / BG 21.79% Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 65.63 74.07 34.21 14.64 9.41 0.93 0.95 Dec 23 Dec 24 A&S FVTPL-NHFT FVTPL-HFT HFT AFS HTM 50 30 6 5 9 Dec 2024 18 Treasury Operations Break up of Domestic Investments (%) 47 25 16 7 5 Dec 2023 Modified Duration 1.92 Modified Duration 2.34 AFS Book (%) 0.16 ₹ in Crores Total Investments Book Dec 23 Dec 24 Domestic Investments 16,34,271 17,37,859 - of which SLR 13,50,837 14,38,050 Foreign Offices Investments 67,637 75,187 Total Investments Book 17,01,908 18,13,046 Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality 6.95 7.21 9MFY24 9MFY25 Yield on Investments (%) 26 bps
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Q3FY25 Analyst Presentation Operating expenses 19 Focus continues on improving income streams with control on costs 44.0 12.3 43.7 9MFY25 Salary Retiral benefits & other provisions Overheads 53.87 55.66 50.95 40.00 42.00 44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 FY23 FY24 9MFY25 Cost to Income Ratio (%) Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview 1.86 2.01 1.72 1.50 1.60 1.70 1.80 1.90 2.00 2.10 FY23 FY24 9MFY25 Cost to Average Assets (%) 31.57 33.67 28.67 22.29 21.99 22.28 53.87 55.66 50.95 FY23 FY24 9MFY25 Staff Expenses to Operating Income (%) Overheads to Operating Income (%) Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation Capital – assessment based on credit growth and RoE trends 20 Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview 10.5 11.2 7.7 7.3 -3.8 0.5 7.7 9.9 13.9 19.4 20.3 21.5 15.4 7.3 13.0 7.8 4.9 12.0 5.6 4.8 11.0 16.0 15.2 13.5 -10.0 -5.0 0.0 5.0 10.0 15.0 20.0 25.0 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 9MFY25 Credit Growth & RoE (%) RoE Credit growth 9.59 9.31 9.81 9.82 9.68 9.62 9.77 10.02 9.94 10.27 10.36 9.52 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 9MFY25 CET 1 Ratio (%) 62.9 59.6 56.9 57.7 54.7 52.4 53.1 49.6 49.7 50.4 52.1 53.9 RWA density (%) • Over the medium term we expect RoE to be greater than credit growth • Open to raising growth capital, if required Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation Provisions 21 PCR at legacy book well provided Credit cost at for Q3FY25 Non NPA provisions at of Net NPA at end of Q3FY25 Available Buffer 29,757 1,559 4,172 24,026 Total provisions not included in PCR at end of Q3FY25 Other Loan Related Provisions Additional Provision for Restructured Standard Accounts Provisions on standard assets at end of Q3FY25 ₹ in Crores Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation -3.78 0.48 7.74 9.94 13.92 19.43 20.32 21.46 -10.00 -5.00 0.00 5.00 10.00 15.00 20.00 25.00 FY18 FY19 FY20 FY21 FY22 FY23 FY24 9MFY25 ROE (in %) -0.19 0.02 0.38 0.48 0.67 0.96 1.04 1.09 FY18 FY19 FY20 FY21 FY22 FY23 FY24 9MFY25 ROA (in %) Sustainable RoE / RoA – a perspective 22 Upward trend in ROA Continuous improvement in ROA from FY19 onwards Upward trend in ROE Continuous improvement in ROE from FY19 onwards Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Financial Performance
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Q3FY25 Analyst Presentation 24 Financials – at a glance Particulars (₹ in Crores) Quarter Ended Nine Month Ended Growth (%) Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Q3FY25 over Q2FY25 Q3FY25 over Q3FY24 9MFY25 over 9MFY24 Interest Income 1,06,734 1,13,871 1,17,427 3,04,088 3,42,823 3.12 10.02 12.74 Interest Expenses 66,918 72,251 75,981 1,85,867 2,18,633 5.16 13.54 17.63 Net Interest Income 39,816 41,620 41,446 1,18,221 1,24,191 -0.42 4.09 5.05 Non Interest Income 11,459 15,271 11,041 34,313 37,473 -27.70 -3.65 9.21 Operating Income 51,275 56,890 52,486 1,52,534 1,61,664 -7.74 2.36 5.99 Operating Expenses 30,939 27,596 28,935 87,484 82,371 4.85 -6.47 -5.84 Operating Profit 20,336 29,294 23,551 65,050 79,293 -19.60 15.81 21.90 Total Provisions 4,072 10,962 6,659 17,571 27,035 -39.25 63.54 53.86 Exceptional items* 7,100 7,100 Net Profit 9,164 18,331 16,891 40,378 52,258 -7.86 84.32 29.42 NIM (Whole Bank) (%) 3.22 3.14 3.01 3.28 3.12 -13 bps -21 bps -16 bps NIM (Domestic) (%) 3.34 3.27 3.15 3.41 3.25 -12 bps -19 bps -16 bps Cost to Income Ratio (%) 60.34 48.51 55.13 57.35 50.95 662 bps -521 bps -640 bps Cost to Assets (%) 2.10 1.76 1.79 2.03 1.72 3 bps -31 bps -31 bps Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality * Provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization
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Q3FY25 Analyst Presentation 25 Total income Particulars (₹ in Crores) Quarter Ended Nine Month Ended Growth (%) Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Q3FY25 over Q2FY25 Q3FY25 over Q3FY24 9MFY25 over 9MFY24 Interest on Loans 73,517 81,529 83,399 2,10,904 2,43,621 2.29 13.44 15.51 Interest on Resources 29,705 29,005 30,530 84,364 88,862 5.26 2.78 5.33 Other Interest Income 3,512 3,337 3,497 8,819 10,340 4.78 -0.42 17.25 Total Interest Income 1,06,734 1,13,871 1,17,427 3,04,088 3,42,823 3.12 10.02 12.74 Fee Income 6,241 6,834 7,267 19,402 21,023 6.34 16.45 8.35 Profit / Loss on Sale / Revaluation of Investments 2,505 4,641 1,194 8,373 8,424 -74.28 -52.34 0.61 Forex Income 907 1,111 48 1,490 1,520 -95.69 -94.72 1.98 Misc. Income 1,807 2,685 2,532 5,048 6,507 -5.68 40.13 28.90 Total Non Interest Income 11,459 15,271 11,041 34,313 37,473 -27.70 -3.65 9.21 Total Income 1,18,193 1,29,141 1,28,467 3,38,401 3,80,296 -0.52 8.69 12.38 Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 26 Fee income break up Particulars (₹ in Crores) Quarter Ended Nine Month Ended Growth (%) Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Q3FY25 over Q2FY25 Q3FY25 over Q3FY24 9MFY25 over 9MFY24 Loan Processing Charges 1,292 1,267 1,542 3,842 4,061 21.68 19.36 5.69 Commission on Govt. Business 899 938 925 2,924 2,877 -1.38 2.93 -1.63 Commission on LC/BG 792 749 965 2,369 2,502 28.87 21.79 5.64 Cross Selling 1,108 1,109 1,288 2,770 3,261 16.15 16.19 17.74 Remittance, Collection, etc. 1,532 1,555 1,619 4,440 4,666 4.10 5.67 5.08 Misc. Fee Income 617 1,216 928 3,057 3,656 -23.65 50.39 19.60 Fee Income 6,241 6,834 7,267 19,402 21,023 6.34 16.45 8.35 Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 27 Total expenses Particulars (₹ in Crores) Quarter Ended Nine Month Ended Growth (%) Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Q3FY25 over Q2FY25 Q3FY25 over Q3FY24 9MFY25 over 9MFY24 Interest on Deposits 58,080 63,201 66,241 1,62,484 1,89,782 4.81 14.05 16.80 Interest on Borrowings 5,794 5,829 6,358 15,122 19,398 9.08 9.74 28.27 Other Interest Paid 3,044 3,221 3,382 8,261 9,453 4.99 11.09 14.42 Total Interest Expenses 66,918 72,251 75,981 1,85,867 2,18,633 5.16 13.54 17.63 Salary 9,808 11,901 12,402 30,154 36,270 4.21 26.44 20.28 Provisions for Employees 9,554 2,906 3,672 24,735 10,077 26.34 -61.57 -59.26 Staff Expenses 19,362 14,807 16,074 54,889 46,347 8.55 -16.98 -15.56 Overheads 11,577 12,789 12,862 32,595 36,024 0.57 11.10 10.52 of which: Business Acquisition & Development Expenses 1,703 1,491 1,715 4,106 4,267 14.99 0.68 3.92 Operating Expenses 30,939 27,596 28,935 87,484 82,371 4.85 -6.47 -5.84 Total Expenses 97,857 99,847 1,04,917 2,73,351 3,01,003 5.08 7.21 10.12 Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 28 Overheads Particulars (₹ in Crores) Quarter Ended Nine Month Ended Growth (%) Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Q3FY25 over Q2FY25 Q3FY25 over Q3FY24 9MFY25 over 9MFY24 Rent, Taxes & Lighting 1,500 1,549 1,584 4,344 4,478 2.24 5.58 3.10 Depreciation 845 877 893 2,497 2,600 1.86 5.65 4.12 Printing & Stationery 197 210 226 579 607 7.80 15.03 4.75 Postage & Telecommunications 205 220 178 461 540 -19.03 -12.92 17.16 Repairs & Maintenance to Bank's Property 294 311 336 823 896 8.11 14.26 8.89 Travelling & Halting 390 458 477 1,106 1,234 4.31 22.25 11.52 Deposit & General Insurance 1,756 2,595 2,076 4,802 6,211 -19.99 18.23 29.32 Business Acquisition & Development Expenses 1,703 1,491 1,715 4,106 4,267 14.99 0.68 3.92 ATM / CDM / Debit Card / Other Tech Expenses 2,676 2,540 2,757 7,139 7,500 8.55 3.06 5.07 Misc. Expenses 2,010 2,538 2,619 6,738 7,690 3.17 30.25 14.14 Overheads 11,577 12,789 12,862 32,595 36,024 0.57 11.10 10.52 Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 29 Provisions & profit Particulars (₹ in Crores) Quarter Ended Nine Month Ended Growth (%) Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Q3FY25 over Q2FY25 Q3FY25 over Q3FY24 9MFY25 over 9MFY24 Operating Profit 20,336 29,294 23,551 65,050 79,293 -19.60 15.81 21.90 Loan Loss 1,757 3,631 2,305 6,224 10,454 -36.52 31.19 67.97 Standard Assets 181 274 -499 -971 -97 Investment Depreciation -599 -2 1 -586 73 Other Provisions -652 603 -896 -1,363 -1,564 Income Tax 3,384 6,457 5,748 14,267 18,169 -10.97 69.85 27.35 Total Provisions 4,072 10,962 6,659 17,571 27,035 -39.25 63.54 53.86 Exceptional items* 7,100 7,100 Net Profit 9,164 18,331 16,891 40,378 52,258 -7.86 84.32 29.42 Ratios (Annualized) Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 ROA (%) 0.62 1.17 1.04 0.94 1.09 ROE (%) 19.47 21.46 Earning Per Share (₹) 40.85 81.49 75.09 60.22 77.72 Performance Highlights Financial Performance Capital Adequacy & Asset Quality Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality * Provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization
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Capital Adequacy
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Q3FY25 Analyst Presentation 31 Well-capitalized bank with adequate liquidity Capital Ratios (%) RWA to Total Assets (%) 52.56 54.00 53.86 Dec 23 Sep 24 Dec 24 Dec 23 Sep 24 Dec 24 Credit Risk Weighted Assets on Advances to Gross Advances (%) 59.41 58.32 58.20 9.09 9.95 9.52 1.49 1.37 1.33 2.47 2.44 2.18 13.05 13.76 13.03 8.6 12.1 Dec 23 Sep 24 Dec 24 CET-1 AT-1 Tier-2 Min regulatory CET-1 ratio Min regulatory Total Capital ratio 31 Including Profits of 9MFY25, total CAR stands at 14.50% and CET-1 at 10.99% Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Asset Quality
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Q3FY25 Analyst Presentation Asset quality (1/4) 33 Gross NPA (₹ in Crores) 86,749 84,276 84,226 83,369 84,360 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Net NPA (₹ in Crores) 22,408 21,051 21,555 20,294 21,378 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Cumulative for the Period (%) Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Gross NPA Ratio 2.42 2.24 2.21 2.13 2.07 Net NPA Ratio 0.64 0.57 0.57 0.53 0.53 PCR (Incl. AUCA) 91.49 91.89 91.76 92.21 91.74 PCR 74.17 75.02 74.41 75.66 74.66 Corporate PCR (Excl. AUCA) 91.97 90.23 95.59 98.34 97.24 Slippage Ratio 0.67 0.62 0.84 0.68 0.59 Credit cost 0.25 0.29 0.48 0.43 0.37 Performance Highlights Financial Performance Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Capital Adequacy & Asset Quality Executive Summary Overview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 34 Asset quality (2/4) Movement of NPAs: Q3FY24 Q4FY24 FY24 Q1FY25 Q2FY25 Q3FY25 Opening Level of Gross NPAs 86,974 86,749 90,928 84,276 84,226 83,369 Total Reductions 5,271 6,456 27,633 8,758 5,808 3,155 of which : Recovery + Upgradation 1,798 2,052 11,472 3,666 2,600 1,206 Gross Addition 5,046 3,984 20,982 8,707 4,951 4,146 of which : Increase in O/s 86 116 665 804 80 324 : Fresh Slippages 4,960 3,867 20,317 7,903 4,871 3,823 Net Increase -225 -2,472 -6,651 -50 -857 991 Closing Level of Gross NPAs 86,749 84,276 84,276 84,226 83,369 84,360 Segmental NPAs: Dec 23 Sep 24 Dec 24 NPA Ratio % NPA Ratio % NPA Ratio % Retail: 55,598 2.77 57,853 2.66 59,069 2.59 Agri. 29,446 10.09 30,409 9.44 30,488 9.06 Per Segment 9,162 0.71 10,860 0.78 11,376 0.79 SME 16,989 4.06 16,584 3.63 17,205 3.47 Corporate 29,362 2.87 24,106 2.08 23,869 2.03 International 1,789 0.32 1,410 0.24 1,422 0.23 Total 86,749 2.42 83,369 2.13 84,360 2.07 ₹ in Crores Performance Highlights Financial Performance Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Capital Adequacy & Asset QualityOverview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 35 Movement of NPAs and AUCA (3/4) ₹ in Crores Movement of NPAs (incl. Advances under Collection): Mar 22 Mar 23 Mar 24 Dec 24 Opening Level of GNPA + AUCA 3,00,496 2,85,358 2,65,497 2,59,478 Gross Addition (Increase in O/s + Slippages) 26,776 19,223 20,982 17,805 Total GNPA + AUCA + Additions 3,27,272 3,04,581 2,86,479 2,77,283 Less: Recovery / Upgradation 29,218 23,355 18,406 13,099 Less: Write-off (Removal from AUCA / Haircut) 12,696 15,729 8,595 5,369 Closing Level of Gross NPAs + AUCA 2,85,358 2,65,497 2,59,478 2,58,816 Performance Highlights Financial Performance Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Capital Adequacy & Asset QualityOverview Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 36 Asset quality (4/4) ₹ in CroresSlippages 16,450 16,596 4,960 3,867 7,903 4,871 3,823 9MFY24 9MFY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 SMA 1 & SMA 2 Accounts with exposure above ₹ 5 crore: CRILC data 2,072 1,239 2,662 11,891 2,128 2,055 2,062 1,974 1,840 7,424 4,128 3,301 4,637 13,732 9,552 Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 SMA1 SMA2 ₹ in Crores Capital Adequacy & Asset QualityOverview SMA2 as on Dec 24 includes long term government sector customer of the Bank, with fund based outstanding of ~₹ 5,800 Crores. The account has been pulled back subsequently. Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Digital Journey
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Q3FY25 Analyst Presentation Accelerating digital agenda (1/6) 38 Digital Leadership across channels Market share across channels (as per latest available data) Debit card spends ATMs Mobile Banking No. of Transactions Mobile Banking Transaction value Increasing digital adoption(%) * Digital comprises of Internet, Mobile, UPI & YONO and Green Channel 92% 5% 1%2% Dec 24 Digital* ATM & CDM BC Channel Branch 88% 8% 2%2% Dec 23 Share of Alternate Channels With varied payment modes UPI Remit transactions (Numbers during Q3FY25) Unique SBI UPI users based on account nos. (Cumulative till Dec’24) Market share in remittances Debit cards Debit Cards (As on 31st Dec 24) Debit Card spend transactions (Numbers during Q3FY25) Debit Card spend (Amount during Q3FY25) ATM ATM transactions per day Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation Accelerating digital agenda (2/6) 39 Digital Presence across channels INB Customer (Retail) 7.1 Cr Dec 23 Dec 24 Mobile banking (Retail) 12.1 Cr 13.5 Cr Dec 23 Dec 24 No. of BC Outlets 81.1 K 78.0 K Dec 23 Dec 24 Number of ATMs 65 K 65 K Dec 23 Dec 24 Customer touch points BHIM SBI Pay QR Codes SBI POS BHIM-Aadhar-SBI Bharat QR Payment acceptance touch points YONO (Registered Users) Unique SBI UPI users YONO Lite (Registered Users) 8.5 Cr 2.4 Cr 2.6 Cr 15.5 Cr 19.2 Cr Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation Accelerating digital agenda (3/6) 40 YONO: Driving digital agenda of the Bank Overview YONO Registration DIGITAL LOANS DISBURSED Whatsapp Banking Registration* Digital Banking Create seamless omni- channel customer experience Cross Selling Provide one-stop shop for all financial needs e2e Digital Loans (Disbursement Amt.) Quick Personal Loans on the go! SB accounts opened YONO Cash YONO Quick Pay Real Time Xpress Credit Insta Home Top Up LoanPAPL (Numbers) (Amount) (Numbers) (Numbers) (Q3FY25) (All Figures for Q3FY25) New Business LI policies sold Approved Credit CardsPersonal Accident Insurance Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality OD against FD Loan against Mutual Funds Mutual Funds Sales PPF ACCOUNTS OPENED * Launched in July ‘22
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Q3FY25 Analyst Presentation Accelerating digital agenda (4/6) 41 YONO has shown growth across products and registrations Approved Cards Regular SB A/C opened (# Lakhs) (# Lakhs) PL - RTXC Disbursed (₹ Crores) Daily Average Approved Cards in Q3FY25 Daily Average SB A/C Opened in Q3FY25 Daily Average Number of RTXC Disbursed in Q3FY25 5.8% 390% 36.8% Personal Accident Insurance (# Lakhs) NPS A/C Opened (# Actuals) 13.8% Daily Average Number of PAI Sold in Q3FY25 Daily Average NPS A/C Opened in Q3FY25 Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality 2.12 3.37 Q3FY24 Q3FY25 21.0 22.2 Q3FY24 Q3FY25 390.3 1,912.5 Q3FY24 Q3FY25 24,932 28,395 Q3FY24 Q3FY25 12.90 17.65 Q3FY24 Q3FY25 58.8%
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Q3FY25 Analyst Presentation Accelerating digital agenda (5/6) 42 Leadership across - UPI ecosystem Avg Txn / Day (Numbers) Market Share Domestic (Q3FY25) International Merchant Onboarding (Q3FY25 / Cumulative upto Dec’24) (Numbers) Remitter Bank Beneficiary Bank P2P Foreign Inward and Outward Transactions • Singapore • Nepal P2M (Merchant) Foreign Outward Transactions • Total currencies enabled: 8 (EURO, NPR, SGD, AED, USD, LKR, MUR, GBP) • Total countries covered: 27 Avg Txn / Day (Numbers) Remitter Beneficiary Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality Registrations : 8.5 crore users
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Q3FY25 Analyst Presentation 43 Overview Q3FY25Accelerating digital agenda (6/6) YONO for Business: Growth metrics Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality # - Users registered on Desktop and App as on 31.12.2024 Current Account New Digital CA 40,347 Digital 36% (Out of total CA opened) New to Digital Customers Customers Onboarded 1,46,591 Desktop Users : 31.62 lakhs # App Users: 15.28 lakhs # YONO Business Payments No. of Txns 20.01 crores Value of Txns (₹) 62.83 trillion API Banking No. of Txns 11,209 Value of Txns (₹) 835.49 crores Pre-Approved Business Loans Leads Converted 33,499 Sanctioned Amount (₹) 1,878 crores YB App Payments No. of Txns 1.22 crores Value of Txns (₹) 3.86 trillion (Digital % of Total LCs/BGs issued) Import letter of credit (IMLC) Inland letter of credit (INLC) Inland Bank Guarantee (INBG) Export Letter of Credit (EXLC) 80% 93% 70% 73% All Customer Journeys on YB eTrade are Digital
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Q3FY25 Analyst Presentation Analytics, AI & ML 44 Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality Retail Loans ₹52,057 Cr SMEBU ₹17,917 Cr ABU ₹8,981 Cr REHBU ₹5,891 Cr CVE Commission (fee) ₹212 Cr Digital Loans conversion (₹ in Crores) ₹12,629* PAPL 4,450 PABL 5,234 RTXC 2,310 Insta Home Top up 617 CVE Commission (₹ in Crores) ₹212 SBI Card 103.52 SBI Life 19.00 Mutual Fund 88.97 SBI Gen 0.77 Advances Through Analytical Leads (₹ in Crores) FY24 1,37,357 FY22 65,912 FY23 1,04,139 9MFY25 84,846 Business Unit Wise Business AI in SBI • Bank’s First Generative AI Chatbot launched on 01.01.2025 • Developed by in-house Data Scientists • Uses Open Source LLMs/Technologies and Hybrid Cloud • Assists staff in processing Deceased A/c Settlement • Aims to improve TAT in crucial customer support area • Demonstrates Capabilities for Generative AI, Hybrid Cloud • 7+ Proof of Concept Chatbots developed on-premises for testing/ exploration Besides this, significant value created through Risk Mitigation & Operational Efficiency Note: All Figures are for FY25 – Apr to Dec Responsible AI & AI / ML Governance • Board Approved Responsible AI and AI/ML Model Governance Policy in Place • Fairness, Ethics, Accountability and Transparency adopted as principles • Multiple levels of checks, including technical and business validation, back testing in place to control risk • All models must comply with Bank, regulatory and legal requirements and approved by Top Executives of the Bank *Includes other products with total exposure of ₹18 crores
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Banking with a Purpose
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Q3FY25 Analyst Presentation 46 Financial Inclusion No. of BC outlets 81,056 78,023 Dec 23 Dec 24 Transactions in BC Channel 2,98,894 3,16,357 48.77 50.06 10.00 1,50,000 2,10,000 2,70,000 3,30,000 9MFY24 9MFY25 Transaction Amount (₹ in Cr) No. of Transactions (in Cr) Market Leader Social Security Schemes (PSBs) (Share in %) 32.74 41.03 47.87 APY PMSBY PMJJBY (As on 31.12.2024) Way forward ❖ To leverage the channel for lead generation of Asset Products ❖ To make BC/CSP Channel a robust delivery platform ❖ Functionality of mobile hand-held device has been rolled with 10 services viz. Cash Deposit & Withdrawal, Fund transfer, Balance enquiry, Mini statement, PMJJBY, PMSBY, APY, Card based transactions. More services are under development. Performance under Social Security Schemes Cumulative no. in crores Dec 23 Dec 24 APY 1.40 1.66 PMJJBY 5.17 6.72 PMSBY 11.85 14.36 Improvement in Ease of Banking Dec 23 Dec 24 Passbook Printers installed at CSPs 25,389 31,999 % Share of Passbooks printed at CSPs 17.24 22.08 Deposits in FI Accounts 62,467 71,272 3,582 3,973 1,200 1,700 2,200 2,700 3,200 3,700 4,200 - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 1,00,000 Dec 23 Dec 24 Deposits (₹ in Cr) Average Balance (₹) Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 47 Sustainability Highlights Financial Capital Natural Capital Social Capital Human Capital ₹ 16,891 crores Net Profit in Q3FY25 ₹ 61,808 crores (Fund based) ₹ 3,101 crores (Non-Fund based) Renewable Energy (RE) financed portfolio ₹ 379 crores CSR Spend during 9MFY25 2,35,671 Total workforce* ₹ 40.68 lakh crores Advances >35 GW Capacity of RE financed Portfolio 78,023 CSP outlets* 27.5% Women in workforce* ₹ 52.29 lakh crores Deposits >45 MWp Captive RE Capacity* 40,174 Candidates trained through RSETIs during Q3FY25 5,790 Persons with Disabilities / Divyang* 98.1% Share of transactions through Alternate Channels 53 Green Building Certifications* 983 Government Primary Schools Infrastructure upgradation 100% Employees covered under medical benefits * indicates values that are cumulative in nature i.e. up to 31.12.2024 Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation Environment 48 Formation of ESG & Climate Finance Unit • Consolidation of ESG and Climate finance functions under a dedicated unit headed by CGM to enable focused attention and tapping new business opportunities during the transition phase. • DMD, Chief Credit Officer is the designated Chief Sustainability Officer of the Bank Impetus for Renewable Energy (RE) : Supporting growth of Fund and Non-Fund based RE projects with an associated capacity of 35,651 MW As of 31st December 2024 Solar Power (Rooftop & ground mounted): Fund based - ₹ 32,710 crore Non-Fund based - ₹ 2,247 crore Small hydro / Hydro: Fund based - ₹ 9,839 crore Non-Fund based - ₹ 500 crore Wind Power, Biomass and others: Fund based - ₹ 19,259 crore Non-Fund based - ₹ 354 crore Sustainable Transportation (includes E-Car loan of ₹ 2,384 crore): Fund based - ₹ 10,522 crore Non-Fund based - ₹ 808 crore Flue Gas Desulfurization, Manufacturing of Solar / Cell module and Green buildings: Fund based - ₹ 2,387 crore Non-Fund based - Nil Energy Efficiency process, Waste & Pollution control and others: Fund based - ₹ 5,875 crore Non-Fund based - ₹ 136 crore Limits sanctioned for renewable energy projects: Fund based - ₹ 61,808 crore Non-Fund based - ₹ 3,101 crore Limits sanctioned for sustainability – major projects: Fund based - ₹ 18,783 crore Non-Fund based - ₹ 944 crore Vision • To achieve Net Zero (Scope 1, 2 and 3) by 2055 Mission To achieve by 2030: I. Net Zero in Scope 1 & 2 emissions II. At least 7.5% of domestic gross advances to be Green advances III. 25% of these green advances to be funded by Green Lines of Credits Green Building Certification by IGBC 53 of Bank’s official/ residential buildings certified as Green Building as on 31.12.2024. Rainwater Harvesting 542 Rainwater Harvesting systems have been installed as on 31.12.2024. SBI’s MSCI ESG rating SBI’s DJSI ESG rating Green Deposits ₹ 75.44 crore raised under Green Rupee Term deposit scheme as on 31.12.2024. Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality A BBB 49 37 FY23 FY24 FY23 FY24
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Q3FY25 Analyst Presentation Culture 2% Disaster Management 1% Education 25% Green Environment 11% Healthcare & Sanitation 28% Livelihood Initiatives 3% Other CSR (incl Animal Welfare, Sports etc) 5% PwDs Welfare 7% Skill Development 11% War veterans 7% Contributing to Society (1/2) 49 Status of CSR activities as on 31.12.2024 CSR Expenditure % as on 31.12.2024 Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality CSR Spends of ₹ 379 crores in 9MFY25
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Q3FY25 Analyst Presentation Contributing to Society (2/2) 50 SBI Foundation: Highlights of long-term projects Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality • ‘SBI Sammaan-Hom(e)age to the National Heros’: Program launched on 28.10.2024 to pay tribute to Shaheed Veer Narayan Singh, (the first freedom fighter from Chhattisgarh) by developing his native village Sonakhan. • 'SBI Sanjeevani’, ambulance cum primary healthcare service van was flagged off on 05.11.2024. The initiative aims to serve the rural communities in Ponda Block, South Goa. SBIF ILM • In partnership with Dr. Reddy’s Foundation, SBIF sanctioned project Swavalamban, focuses on empowering 1,330 Persons with Disabilities (PwDs). The program will be implemented across five centres in Agra, Pune, Dehradun, Jabalpur and Mysore • In partnership with BMVSS, SBIF sanctioned the project Samarthya, which aims to provide assistive aids to 8,370 Persons with Disabilities (PwDs) • Awarded with the Social and Business Enterprise Responsible Awards (SABERA) 2024 under Enablement category. • SBIF CONSERW: Landscape Ecology and Genetics of Tigers in Northeast India’ in partnership with CSIR - Inaugurated Centre for Cellular and Molecular Biology (CCMB) to conduct the first large-scale genetic study of over 400 tigers in 14 Protected Areas of 4 states – West Bengal, Assam, Arunachal Pradesh and Mizoram. • As part of the project ‘SBIF CONSERW: Mitigating Human - Elephant Conflict (HEC) through community participation and securing habitat in Baksa and Udalguri Districts of Assam’ in partnership with Aaranyak, an elephant was radio collared and released back into the wild. • Waste No More initiative of SBIF was awarded with the Social and Business Enterprise Responsible Awards (SABERA) 2024 under Environment & Consumption category. SBIF LEAP • SBI Foundation's flagship initiative, ‘SBIF Asha Scholarship 2024,' received an overwhelming response with 4.1 lakh applications. • SBIF ILM - Digital Shaala in Dewas, Madhya Pradesh was inaugurated on 13th November 2024 • The “SBIF LEAP: Incubating Incubators Initiative (i-Cube)” project has been sanctioned to support Incubation Centres in Northeast India. • The International Conference on Emerging Trends in Business Analytics & Management Sciences (BAMS) and the 57th Annual Convention of ORSI, hosted by IIT Bombay and SBI Foundation Hub for Data Science and Analytics, conducted from 12th to 14th December 2024. • Integrated Livestock Development project was inaugurated in Lucknow on 25.10.2024. • SBI Sanjeevani - Clinic on Wheels: Mobile Medical Unit, in partnership with Bhavishya Bharat launched to provide primary healthcare services in Ghattu Block of Jogulamba - Gadwal District, Telangana. • SBIF Jivanam: TB Care Mobile Unit Project launched in partnership with Society of Community Health Oriented Operational Links, which aims to ensure early case detection of Tuberculosis and improving accessibility to TB care and holistic support in Raipur district. SBIF Jivanam • October Cohort of the outgoing YFI 2023-24 Batch shared their 13-month journey and learnings with their local communities, partner NGOs, and SBI Foundation management, followed by brief farewell ceremonies in their respective communities. SBI Youth for India Fellowship Program Centre of Excellence (CoE) for Persons with Disabilities (PwD) SBIF CONSERWSBI Gram Seva
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Q3FY25 Analyst Presentation SBI’s Policy Framework 51 Governance Board level committees & Policies for better control and governance Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality Executive Committee of the Central Board Risk Management Committee of the Board Audit Committee of the Board Corporate Social Responsibility Committee Business Continuity and Operational resilience Policy Renewable Energy Policy Sustainability and Business Responsibility Policy Anti Bribery and Anti-Corruption Policy Cyber Security Policy and Standards Climate Change Risk Management Policy Fair Lending Practices Code Policy on KYC Standards, AML and CFT Measures Code of Ethics Commitment to Customers (BCSBI Code) Whistle-blower Policy Nomination and Remuneration Committee Board Committee to Monitor Recovery Review Committee for Identification of Wilful Defaulters / Non Co-operative Borrowers Stakeholders Relationship Committee cum Customer Service Committee IT Strategy Committee Special Committee of the Board for Monitoring Large Value Frauds Policy on Issuance and Allocation of Green Deposits
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Subsidiaries, Group Financials & Balance Sheet
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Q3FY25 Analyst Presentation Individual Rated Premium 12,785 14,553 2,200 4,200 6,200 8,200 10,200 12,200 14,200 16,200 9MFY24 9MFY25 4,038 4,293 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 9MFY24 9MFY25 56,190 60,983 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 9MFY24 9MFY25 SBI and its subsidiaries – leveraging synergies (1/2) 53 9MFY24 9MFY25 PAT (₹ in Crores) 1,083 1,600 ROE (in %) 10.5 13.5 Value of New Business Gross Written Premium 14% 6% ₹ in Crores 9% Market Share • Private market leadership in Individual New Business Premium, Individual Rated New Business Premium and Total New Business Premium with market share of 27.8%, 25.3% and 22.4% respectively Business Performance • Individual Rated Premium grew by 14% & stands at ₹ 14,553 Crores. • Individual New Business Premium grew by 12%. • PAT grew by 48% YoY and stands at ₹ 1,600 Crores; Robust solvency ratio of 2.04 • VONB stands at ₹ 4,293 Crores with a growth of 6% • VONB margin stands at 26.9%. • Assets under Management ₹ 4,41,678 Crores; growth of 19% YoY. • Embedded value stands at ₹ 68,140 Crores As on Dec 2024 Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality 53 48,850 54,773 45,000 46,000 47,000 48,000 49,000 50,000 51,000 52,000 53,000 54,000 55,000 56,000 9MFY24 9MFY25 2,49,936 2,45,115 0 50,000 1,00,000 1,50,000 2,00,000 2,50,000 3,00,000 9MFY24 9MFY25 185 202 0 50 100 150 200 250 9MFY24 9MFY25 9MFY24 9MFY25 PAT (₹ in Crores) 1,745 1,382 ROE (in %) 21.5 14.3 As per Ind AS, without OCI ReceivablesCIF (In Lakh) Spends 12% 10% -2% Market Share • #2 player in Cards and #3 in Spends • Cards-in-force in 9MFY25 18.7% (9MFY24 18.9%), • Spends 15.6% (9MFY24 18.3%) Portfolio (9MFY25) • 10% YoY in cards, • -2% YoY in spends • 12% YoY in receivables Profitability • During 9MFY25 Revenue from Operations grew 6% YoY, PAT at ₹ 1,382 Crores • During 9MFY25, ROA is at 3.0%, ROE is at 14.3% • Capital Adequacy Ratio (CAR) is at 22.9%, Tier I is at 17.0%.
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Q3FY25 Analyst Presentation SBI and its subsidiaries – leveraging synergies (2/2) 54 As on Dec 2024 9MFY24 9MFY25 PAT (₹ in Crores) 1,484 1,919 ROE (in %) 31.3 29.1 Group 9MFY24 9MFY25 PAT (₹ in Crores) 895 894 ROE (in %) (Annualised) 21.6 23.3 As per Ind AS, without OCI ₹ in Crores Performance Highlights • SBIFML is the largest player in the market since Q4FY20. As on Dec 2024, SBIFML has a quarterly Average AUM of ₹ 11.14 Lakh Crores with a market share of 16.23%. The second largest player has a market share of 12.74%. • SBIFML Quarterly average Mutual Fund AUM grew by ₹ 2.63 Lakh Crores from ₹ 8.51 Lakh Crores in Q3FY24 to ₹ 11.14 Lakh Crores in Q3FY25. Performance Highlights • PA&SF Group: Ranked No.1 India Borrower Loans (Mandated Lead Arranger). Market share of 24.76% (Jan-24 to Dec-24). • DCM: Ranked No.1 for Debt Private placement of bonds in 9MFY25 as per the Bloomberg league table. • ECM: Ranked No.4 in the ECM league table for the amount of issues done in 9MFY25. ROE is calculated without considering Fair value gain routed through OCI & exceptional gain. . Performance Highlights • Ranked 7th amongst the Private players in 9MFY25 • SBIG Market share is 6.25% in 9MFY25 as against 6.19% in 9MFY24 • No. 1 player in Personal Accident segment amongst Private players. • 3rd in private Crop segment • No. 1 player in Common Service Centre Business in rural market Gross Written Premium AUM 8,629 9,571 9MFY24 9MFY25 11% 14,789 20,682 9MFY24 9MFY25 40% 9MFY24 9MFY25 PAT (₹ in Crores) 135 504 ROE (in %) 5.1 15.2 Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation Regional Rural Banks 55 Sponsored by SBI Performance Highlights – Q3FY25 14 RRBs operating in 13 States & 1 UT • Deposits at ₹ 1,38,366 crores ▲ 7.89% YoY • CASA ▲ 3 bps YoY at 53.27% • Gross Advances at ₹ 1,08,439 crores ▲ 13.86% YoY • CD Ratio ▲ 411 bps YoY at 78.37% • NIM ▼ 29 bps YoY at 3.87% Network of 4,774 branches in 240 districts • Gross NPA ▼ 60 bps YoY at 3.77% • Net Profit of ₹ 1,645 crores ▼ 14% YoY • ROA ▼ 34 bps YoY at 1.17% • PCR ▼ 239 bps YoY at 80.44% • ROE ▼ 353 bps YoY at 14.78% Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Q3FY25 Analyst Presentation 56 SBI group financials – 9MFY25 Particulars (₹ in Crores) Nine Month Ended Growth (%) 9MFY24 9MFY25 YoY Interest Earned 3,21,719 3,63,941 13.12 Non-Interest Income 1,07,941 1,19,840 11.02 Total Income 4,29,661 4,83,781 12.60 Interest Expended 1,89,092 2,22,716 17.78 Operating Expenses (i+ii) 1,65,767 1,69,605 2.32 (i) Employee Cost 58,811 50,808 -13.61 (ii) Other Operating Expenses 1,06,956 1,18,796 11.07 Total Expenditure 3,54,859 3,92,321 10.56 Operating Profit 74,802 91,460 22.27 Provisions (other than Tax) 5,313 11,992 125.69 Less: Exceptional Item* 7,100 Add: Share in profit of associates 939 1,067 13.69 Less: Minority Interest 1,640 2,182 33.05 Tax Expenses 15,986 20,393 27.56 Net Profit 45,701 57,961 26.83 Particulars Nine Month Ended 9MFY24 9MFY25 ROA (%) 0.98 1.11 ROE (%) 20.03 21.54 Earning Per Share (₹) 68.15 86.20 Expenses Ratio (%) 57.06 50.66 NIM (%) 3.32 3.19 Gross NPA Ratio (%) 2.40 2.07 Net NPA Ratio (%) 0.62 0.53 Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality * Provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization
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Q3FY25 Analyst Presentation 57 Balance sheet ₹ in Crores SBI SOLO SBI GROUP Dec 23 Dec 24 YOY Growth (%) Dec 23 Dec 24 YOY Growth (%) Capital 892 892 0.00 892 892 0.00 Reserves and Surplus 3,68,061 4,34,514 18.05 4,05,161 4,79,299 18.30 Minority Interest 15,057 18,252 21.22 Deposits 47,62,221 52,29,384 9.81 48,11,200 52,82,741 9.80 Borrowings 5,52,489 7,09,135 28.35 5,90,759 7,56,023 27.97 Other Liabilities & Provisions 2,81,953 2,46,748 -12.49 6,69,981 7,08,312 5.72 Total Liabilities 59,65,616 66,20,674 10.98 64,93,051 72,45,518 11.59 SBI SOLO SBI GROUP Dec 23 Dec 24 YOY Growth (%) Dec 23 Dec 24 YOY Growth (%) Cash & balances with RBI 2,11,029 2,33,684 10.74 2,11,416 2,33,919 10.64 Bal with Banks & Money at Call and Short Notice 56,152 1,02,582 82.69 70,437 1,18,533 68.28 Investments 16,89,406 18,08,629 7.06 21,04,345 23,12,955 9.91 Net Advances 35,19,514 40,04,567 13.78 35,98,225 40,89,156 13.64 Fixed Assets 42,501 43,389 2.09 44,553 45,552 2.24 Other Assets 4,47,013 4,27,824 -4.29 4,64,076 4,45,403 -4.02 Total Assets 59,65,616 66,20,674 10.98 64,93,051 72,45,518 11.59 Liabilities Assets Executive Summary Performance Highlights Financial Performance Capital Adequacy Digital Journey Banking with a Purpose Subsidiaries, Group Financials & Balance Sheet Asset Quality
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Thank You