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Mr A.K. Purwar (centre), Chairman, State Bank of India, flanked by Managing Directors,Mr C. Bhattacharya (left), and Mr Ashok K. Kini, at a press conference in Kolkata on Friday. — Parth Sanyal

Kolkata , May 28

DURING 2003-04, SBI's gross NPA ratio dropped to 7.75 per cent (9.33 per cent) and net NPA ratio to 3.48 per cent (4.5 per cent) and the operating expenses to total net income ratio to 49.18 per cent (50.53 per cent).

The return on average assets was 0.94 per cent (0.86 per cent), return on equity 18.19 per cent (18.05 per cent), and capital adequacy 13.53 per cent (13.50 per cent).

The earning per share was Rs 69.94 (Rs 59).

The average level of advances in the country was higher by 10.14 per cent and average level of resources deployed in treasury operations by 10.79 per cent.

The cost of deposits (excluding Resurgent India Bonds/ India Millennium Deposits) witnessed a reduction to 5.48 per cent (6.43 per cent).

The net interest margin was higher at 3.04 per cent (2.95 per cent) and non-interest income at Rs 7,612.45 crore (Rs 5,740.26 crore) showed a growth of 32.62 per cent.

The operating expenses increased by 16.4 per cent and the staff cost alone by 13.34 per cent, mainly due to additional contribution to pension fund and provisions for leave encashment liability for the current year.

The provisions included Rs 3,702.75 crore (Rs 2,592.93 crore) towards non-performing assets including a floating provision of Rs 990 crore over and above the RBI norms, Rs 1,243.86 crore (Rs 2,162.14 crore) towards income tax adjusted for deferred tax, Rs 49.12 crore (Rs 69.22 crore) towards standard assets and Rs 495.58 crore (Rs 392.98 crore) towards provision for depreciation on investments in India including amortisation of premium on "held to maturity" category.

During the year under review, the domestic deposits (excluding India Millennium Deposits) increased by 16.03 per cent while the personal segment deposits, accounting for 49.95 per cent of aggregate deposits, by 10.77 per cent.

The domestic loan portfolio increased by 13.58 per cent and the retail loan by 36 per cent.

Under SARFAESI Act, notices have been issued to 12,553 cases involving an amount of Rs 5,114 crore, effecting a recovery of Rs 130 crore up to March 2004.

A total of 76 assets involving an outstanding principal amount of Rs 570.35 crore have been sold to ARCIL at an offer price of Rs 162.33 crore.

Under the CDR mechanism, 54 accounts have been approved.

The State Bank Group has at present over 3,900 networked ATMs comprising over 2,800 of SBI and 1,100 of the associate banks covering 1,296 centres. The bank has an ATM card base of more than five million. In credit card business, the SBI card has a market share of 17 per cent.

State Bank Group's assets increased to Rs 5,50,749 crore (Rs 4,97,756 crore), the operating profit to Rs 14,568 crore (Rs 11,316 crore) and a net profit to Rs 5,531 crore (Rs 4,199 crore).

More Stories on : Non-Performing Assets | Public Sector Banks | Financial Performance

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