The Listing Department, The Listing Department,

BSE Limited, National Stock Exchange of India Limited,

Phiroje Jeejeebhoy Towers, Exchange Plaza, 5th Floor, C / 1, ‘G’ Block,
25th Floor, Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400001 Mumbai – 400051

BSE SCRIP Code: 500112 NSE SCRIP Code: SBIN

CC/S&B/AND/2023/829 03.02.2024

Madam / Sir,

Submission of presentation for Analysts / Investors meet on Financial Results

for the quarter and nine months ended 31.12.2023.

We refer to our letter no.: CC/S&B/AND/2023/773 dated 17.01.2024 intimating about

the meeting of the Central Board of the Bank for considering the financial results for
the quarter and nine months ended 31.12.2023 and the analyst meet to be held on
03.02.2024 at 5.00 pm post Q3FY24 financial results.

ln compliance with the provisions of Regulation 30 read with Part A of Schedule III and
other applicable provisions of SEBI (LODR) Regulations, 2015, we enclose the
presentation for Analysts / Investors on Financial Results of the Bank for the quarter
and nine months ended 31.12.2023.

The analyst presentation has been hosted on the website of the Bank and is available
under the link:

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

This is for your information and record.

Yours faithfully,

Digitally signed by ARUNA N

ARUNA N DAK DAK

Date: 2024.02.03 13:43:59
+05'30'

(Aruna N Dak)
AGM (Compliance & Company Secretary)
Quarterly Q3FY24
ANALYST PRESENTATION |03.02.2024
Safe Harbor Certain statements in these slides are forward-looking
statements. These statements are based on Management's
current expectations and are subject to uncertainty and
changes in circumstances. Actual outcomes may differ
materially from those included in these statements due to a
variety of factors.
Contents
1 2 3
Macro Economic Performance Financial
Indicators 04-05 Highlights 06-22 Performance 23-29

4 5 6
Capital Adequacy & Digital Banking with a
Asset Quality 30-35 Journey 36-44 Purpose 45-51

7
Subsidiaries, Group
Financials & Balance Sheet 52-58
Macro Economic
Indicators
Macro Economic Performance Financial Capital Adequacy Digital Banking with a Subsidiaries, Group
Indicators Highlights Performance & Asset Quality Journey Purpose Financials & Balance Sheet

Macro-economic indicators remain buoyant

ASCB's Aggregate Deposits & Credit Growth (YoY %)
Economy in Sweet Spot
22 Bank Credit Aggregate Deposits
• Indian economy is showing remarkable resilience despite enduring wars, tight 20

financial conditions and climate change. IMF has updated India’s GDP growth to 20

6.7% in FY24 from 6.3% earlier. 18

• Deposit growth has rebounded but sustained credit growth momentum has 16
increased wedge between deposits and credit growth. Latest credit growth 13
14
numbers reveal a sustained pick up across Agriculture, MSME & Services.
12
• Gross Tax to GDP in FY25 is projected to touch 11.7%, the highest in 16 years.
GST Monthly threshold has moved up to ₹1.64 lakh crores. 10
• FY24 real GDP is expected to grow at 7.3%. Interim Budget has estimated 8

7-Apr-23

8-Sep-23

6-Oct-23

3-Nov-23

1-Dec-23
24-Mar-23

14-Jul-23

28-Jul-23
5-May-23

2-Jun-23

20-Oct-23

17-Nov-23

15-Dec-23

29-Dec-23
21-Apr-23

11-Aug-23

25-Aug-23

22-Sep-23
16-Jun-23

30-Jun-23

12-Jan-24
19-May-23
nominal GDP for FY25 at 10.5%
• CPI inflation to moderate in coming months. FY24 may average at 5.4%.

Gross tax to GDP ratio stands at 16 years high GST revenue (₹ Trillion) remains robust and above the 1-year trend
Direct tax / GDP(%) Indirect Tax / GDP(%) Gross Tax/ GDP(%) 1.87

11.1 11.2 11.5 11.2 11.1 11.6 11.7

10.6 11.0
10.1 10.0 10.0 10.2
1.72 1.72
5.5 5.1 5.0 5.0 1.68
5.6 5.3 5.0 5.1
4.4 4.4 5.2 4.7 5.4 1.65 1.65
1.61 1.63
1.60 1.59
1.56 1.57
5.6 5.8 6.0 6.0 6.1 6.0 6.6 6.7
5.5 5.4 5.4 5.2 4.8 1.50
FY 14

FY 15

FY 16

FY 17

FY 18

FY 19

FY 20

FY 21

FY 22

FY 23

FY 24(RE)
FY 24(BE)

FY 25(BE)

Jan-23

Jun-23

Jul-23

Jan-24
Mar-23
Feb-23

Aug-23

Sep-23

Nov-23

Dec-23
Apr-23

May-23

Oct-23
Source: SBI Research
Q3FY24 Analyst Presentation 5
Performance
Highlights
Macro Economic Performance Financial Capital Adequacy Digital Banking with a Subsidiaries, Group
Indicators Highlights Performance & Asset Quality Journey Purpose Financials & Balance Sheet

Key trends

Profitability Credit growth Asset Well provided Leveraging

continues quality Stressed Book Analytics

Net Profit ~14.38% YoY improving

PCR at 74.17%; PCR (incl.
In 9MFY24 at ₹40,378 crores Robust growth across all
outcomes AUCA) at 91.49%
₹ 95,142 crores advances
business sourced through
improved by 20.40% over segments Gross NPA at 2.42% improved
Total non-NPA provisions Analytical leads showing
9MFY23 (₹33,538 crores) by 72 bps YoY
Corporate advances cross ₹10 (not included in PCR) at growth of 37% YoY
Net Profit for Q3FY24 is at lakh crores Net NPA at 0.64% improved by ₹33,472 crores which are
₹9,164 crores (Net of one-time 13 bps YoY ~149% of Net NPAs at the
SME advances cross ₹4 lakh
exceptional item of ₹7,100 crores) Credit Cost for 9MFY24 at end of Q3FY24
crores
ROA at 0.94% for 9MFY24 up 0.25% improved by 12 bps YoY
by 7 bps over 9MFY23
ROE at 19.47% for 9MFY24 up
by 88 bps over 9MFY23
Whole Bank NIM at 3.28% for
9MFY24 down by 1 bp over
9MFY23

Q3FY24 Analyst Presentation 7

Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Key indicators
(₹ in Crores)

Quarter Ended YoY CASA Return on Assets

Xpress Credit
Q3FY23 Q2FY24 Q3FY24 Growth (%)

3,35,352 0.94
Net Interest Income 38,069 39,500 39,816 4.59% 18,00,677 18,81,297 0.87
2,88,027
Net Interest Margin – Whole Bank (%) 3.50 3.29 3.22 -28 bps
Profit & Loss
(₹ in Crores)

Operating Profit * 25,219 19,417 20,336 -19.36%

16.43%
4.48%

7 bps
Net Profit # 14,205 14,330 9,164 -35.49%

Credit Cost 0.21 0.22 0.21 0 bps 9MFY23 9MFY24

Dec 22 Dec 23 Dec 22 Dec 23

Net NPA 0.77 0.64 0.64 -13 bps

Term Deposits Home Loan Return on Equity
PCR (Incl. AUCA) 91.52 91.93 91.49 -3 bps (%)
Key Ratios

PCR 76.12 75.45 74.17 -195 bps 26,86,630

6,93,897
(in %)

22,47,472 6,13,196
Capital Adequacy 13.27 14.28 13.05 -22 bps 19.47
18.59

Gross Advances 31,33,565 34,11,252 35,84,252 14.38%

Balance Sheet

19.54%

13.16%

88 bps
(₹ in Crores)

Total Deposits 42,13,557 46,89,218 47,62,221 13.02%

Retail Personal Advances 11,24,519 12,43,421 12,96,310 15.28% Dec 22 Dec 23 9MFY23 9MFY24
Dec 22 Dec 23

* excluding wage revision impact of ₹6,313 crores, Operating Profit for Q3FY24 stands at ₹26,649 crores Q3FY24 Analyst Presentation 8
# excluding one-time exceptional item of ₹7,100 crores, Net Profit for Q3FY24 stands at ~₹14,400 crores after accounting for tax liabilities
Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Credit growth

Share of Domestic Advances (₹ in Crores)

YoY
Segment Dec 2022 Dec 2023
Dec 22 (%) Dec 23 (%) Growth (%)

Retail Personal 11,24,519 12,96,310 15.28

42.48 42.78
42.50 Agri 2,46,999 2,91,748 18.12
Retail Per Retail Per
SME 3,50,649 4,18,121 19.24

Corporate 9,25,038 10,24,094 10.71

Domestic Advances 26,47,205 30,30,273 14.47

9.33 9.30
9.63
AGRI 35.00 Foreign Offices Advances 4,86,360 5,53,980 13.90
Agri Agri Corporate
34.94 33.79
Corporate Corporate Total Whole Bank
13.20 31,33,565 35,84,252 14.38
13.25 13.80 Advances
SME
SME SME

Q3FY24 Analyst Presentation 9

Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

As on Dec 2023
Credit growth
Retail Personal Banking
Leadership across all segments

Retail Personal Portfolio of O/S, ₹ in crores YoY Growth, % GNPA, %

lakh crores
Home Loans

Auto Loans
3 - year CAGR at

Xpress Credit

Dec 23:
Personal Gold Loans

of Dom. Adv.

Other P Seg Loans

As per latest available data Bank’s market share in Home loans is 26.5% & in Auto loans is 19.5%
Q3FY24 Analyst Presentation 10
Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Credit growth
Diversified Loan Portfolio
High quality asset book
Corporate Rating mix (%) Industry mix (₹ in Crores)

Outstanding as on 31st Dec 23 Fund Based O/S

41 AAA Sectors Amount % Share YOY Gr %

Infrastructure 3,71,931 12.27 5.68
26 AA of which: Power 1,87,989 6.20 0.83
Dec Telecommunication 34,405 1.14 19.05
15 A
23 Roads & Ports 1,08,551 3.58 6.14
Other Infrastructure 40,986 1.35 19.47
7 BBB
Services 4,01,409 13.25 23.00
11 BB & below Iron & Steel 61,285 2.02 31.84
Aviation & Airports 17,767 0.59 24.36
Tourism & Hotels 13,217 0.44 19.25
Textiles 37,330 1.23 13.13
39 AAA
Petroleum & Petrochemicals 50,111 1.65 0.76
25 AA Engineering 25,625 0.85 7.80
Comm. Real Estate 47,744 1.58 7.18
Dec
22
17 A Other Industries 4,15,796 13.72 11.03
Home Loans 6,93,897 22.90 13.16
8 BBB Auto Loans 1,13,118 3.73 21.22
Other Retail Loans 4,89,295 16.15 17.06
11 BB & below
Agriculture 2,91,748 9.63 18.12
Total Domestic Advances 30,30,273 100.00 14.47
~42% share to PSUs / Govt. Depts. as on Dec 23

Q3FY24 Analyst Presentation 11

Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Credit growth
International Banking
Gross Advances: On growth trajectory Break up of Loan Portfolio (%) Loan Portfolio across Geographies (%)
₹ in Crores
5,53,980
5,27,245
4,86,360 4,92,440 4,83,299 8 USA UK
Local Lending 32 26
5 HongKong Bahrain
33.4 33.8
6 GIFT City (India) Singapore
India Linked Loans
6 UAE Japan
Trade Finance 7 Germany Antwerp
20
8 Others
32.8 9

Dec 22 Mar 23 Jun 23 Sep 23 Dec 23

Asset Quality: NPAs Contained Highlights:

GNPA (%)
• Gross advances have grown by 13.90% YoY. Local lending and trade finance business
are major drivers of customer credit.
• Growth in customer credit is majorly contributed by US, UK, Middle East and GIFT City
0.41 0.40 branches.
0.37
0.35
0.32 • Gross NPA ratio is down by 9 bps YoY and showing declining trend quarter over quarter,
underlining continued improvement in quality of assets.

Dec 22 Mar 23 Jun 23 Sep 23 Dec 23

Q3FY24 Analyst Presentation 12
Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Deposit growth
₹ in Crores

Share of Domestic Deposits YoY

Particulars Dec 2022 Dec 2023
Growth (%)
Dec 22 (%) Dec 23 (%)
Current Account Deposits (CA) 2,27,710 2,49,538 9.59

CA, CA,
Saving Bank Deposits (SA) 15,72,967 16,31,759 3.74
5.63 5.46
CASA Deposits 18,00,677 18,81,297 4.48

Term Deposits (TD) 22,47,472 26,86,630 19.54

SA,
SA, 35.72
38.85 TD,
Domestic Deposits 40,48,149 45,67,927 12.84
55.52 TD,
58.82
Foreign Offices Deposits 1,65,408 1,94,294 17.46

Total Deposits 42,13,557 47,62,221 13.02

CASA: CASA:

Q3FY24 Analyst Presentation 13

Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Asset quality
Slippages Restructuring
₹ in Crores

Restructuring 1.0 As on Mar 23 As on Dec 23

Retail Personal 2,583 2,115

16,450
Corporate 1,044 917
15,236
SME 3,323 2,331

Total O/S 6,950 5,363

Restructuring 2.0 As on Mar 23 As on Dec 23

Retail Personal 11,628 9,687

Corporate 0 0

SME 5,724 3,830

Total O/S 17,352 13,517

9MFY23 9MFY24
Total Restructuring 24,302 18,880

• Slippages for 9MFY24 increased by 7.96% YoY

• Slippage Ratio for 9MFY24 improved by 5 bps
YoY from 0.72% to 0.67%

Q3FY24 Analyst Presentation 14

Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Net interest income (Cumulative)

Net Interest Margins (%) Yield on Investments (%)

3.49 3.58 3.47 3.45 3.41
6.83 6.90 6.95
3.29 3.37 3.33 3.31 3.28 6.51
6.40
2.24 2.19 2.21

1.67 1.69

Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23
Domestic Ops Overseas Ops Whole Bank Domestic

Yield on Advances (%) Cost of Deposits (%)

8.78 8.86 8.88
8.10 4.65 4.75
7.87 4.55
3.90 3.99
5.89 5.95 6.13
3.78 3.95
3.54
3.80
3.26
2.10
1.75

Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23
Domestic Foreign Offices
Domestic Foreign Offices

Q3FY24 Analyst Presentation 15

Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Non-interest income ₹ in Crores

Fee Income Loan Processing Commission on LC / Cross Selling

Charges BG

6,241 1,292 792

758 1,108
1,037
1,033
5,928

25.02%

4.51%

6.89%
5.28%

Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24

Fee Income grew by Cross Sell Income grew by Recovery from AUCA accounts at

YoY in 9MFY24 crores in 9MFY24

YoY in 9MFY24

Q3FY24 Analyst Presentation 16

Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Treasury Operations
AFS Book (%)

Dec 2022 Dec 2023

13 16
Modified Duration Modified Duration
26 10 25
1.92 7
5
1.92
4

Yield on Investment Yield on Investment

47
6.40% 47
6.95%

Break up of Domestic Investments (%)

0.16 ₹ in Crores
0.02
Total Investments Book Dec 22 Dec 23
38.25 34.21
Domestic Investments 15,27,711 16,34,271

HFT - of which SLR 12,36,523 13,50,837

AFS
Foreign Offices Investments 59,788 67,637
61.72 65.63 HTM
Total Investments Book 15,87,499 17,01,908

Dec 22 Dec 23
Q3FY24 Analyst Presentation 17
Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Operating expenses
Focus continues on improving income streams with control on costs
Cost to Income (%)
Cost to Income (incl. wage
62.01
65.00

revision & one-time items)

9MFY24 60.00

57.35
Cost to income (incl. wage
55.00
53.31 53.87 revision & excl. one-time
items)
Salary 50.00
53.31 52.49 Cost to Income (excl. wage
37.3 revision & one-time items)
45.00
49.02

14.5 Retiral benefits & 40.00

other provisions FY22 FY23 9MFY24

Overheads
Cost to Average Assets (%)
13.7 Cost to average assets (incl.
2.20
2.30

wage revision & one-time

Wage revision 2.20

items)
34.5 2.03
provisions, one 2.10

Cost to average assets (incl.

time item 2.00
wage revision & excl. one-
1.86 time items)
1.81
1.90

1.80
Cost to average assets
1.70
1.81 1.81 (excl. wage revision & one-
1.74 time items)
1.60

1.50

FY22 FY23 9MFY24

One-time items include provisions on account of increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization Q3FY24 Analyst Presentation 18
Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Staff expenses & productivity ₹ in Crores

Staff Expenses Manpower & Productivity

3,20,000
29.78
30.00

25.74
23.73
21.05
3,00,000 25.00

FY23 54,802 2,490 57,292 18.77 20.00

2,80,000

15.00

2,60,000
2,57,252
2,49,448 2,45,652
10.00

2,44,250
2,40,000
2,35,858 5.00

0.00

9MFY24 42,171 12,718 54,889 2,20,000

-5.00

2,00,000 -10.00

FY19 FY20 FY21 FY22 FY23

Staff expenses excl. wage revision provision Wage revision provision No. of Employees Business Per Employee (₹ crores)

• Staff expenses of 9MFY24 exclude Provisions of ₹7,100 crores on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief
(DR) Neutralization
• One time wage revision provision in 9MFY24 is ₹12,718 crores
• Full impact of wage revision as per 12th bipartite agreement will be taken in FY24E
• After implementation of wage revision, incremental staff expenses would increase by ~₹500 crores / month in FY25
• Attrition rate of 1.15% during 9MFY24
Q3FY24 Analyst Presentation 19
Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Capital – assessment based on credit growth and RoE trends

RWA density (%) Credit Growth & RoE

90.0 25.0

62.9 RoE Credit growth

59.6 85.0

19.4 19.5
56.9 57.7
54.7
20.0

53.1
80.0

52.4 52.6 15.4

49.6 49.7 50.4 75.0

13.9
13.0
15.0

12.0 16.0
70.0

10.5 11.2 14.4

9.9
65.0

7.7 7.8 7.7 10.0

7.3 11.0
CET 1 Ratio (%) 60.0

7.3 5.0

55.0

4.9 5.6
10.27 0.5 4.8
9.81 9.82 9.68 9.77 10.02 9.94
9.59 9.31 9.62 50.0

9.09* 0.0

45.0

40.0 -5.0

-3.8

FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 9MFY24 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 9MFY24

*
Including Profits of 9MFY24, CET-1 stands at 10.38%

• Over the medium term we expect RoE to be greater than credit growth, leading to CET1 accretion

• Revised regulatory framework for valuation of investment portfolio vide RBI circular dated 12.09.2023 is estimated to add ~ 50 bps to CET1 from 1st
April 2024

• Open to raising growth capital if credit growth trends are higher than current expectations; however, do not foresee immediate requirement
Q3FY24 Analyst Presentation 20
Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Provisions
Credit cost at PCR at Non NPA provisions at

for Q3FY24 legacy book well provided of Net NPA at end of Q3FY24

Available Buffer
₹ in Crores

Provisions on standard assets at end of Q3FY24 24,499

Additional Provision for Restructured Standard Accounts 6,963

Other Loan Related Provisions 2,009

Total provisions not included in PCR at end of Q3FY24 33,472

Q3FY24 Analyst Presentation 21

Macro Economic PerformancePerformance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators Performance
IndicatorsHighlights Highlights Performance & Asset
& Asset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Sustainable RoE / RoA – a perspective

Upward trend
ROE (in %) in ROE
25.00 22.00*
19.43 Continuous
19.47
20.00

13.92 improvement in
15.00

9.94 ROE from FY19

10.00
7.74
onwards
5.00

0.48
0.00

-3.78
-5.00

-10.00
FY18 FY19 FY20 FY21 FY22 FY23 9MFY24
Upward trend
in ROA
ROA (in %) Continuous
1.06* improvement in
0.96
year end ROA
0.94
0.67 from FY19
0.48 onwards;
0.38 Guidance of ROA
of 1%+ on track
0.02

-0.19

FY18 FY19 FY20 FY21 FY22 FY23 9MFY24

* Excluding impact of provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization
Q3FY24 Analyst Presentation 22
Financial
Performance
Macro Economic Performance Performance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators IndicatorsHighlights Highlights Performance
Performance & &
AssetAsset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Financials – at a glance
Particulars (₹ in Crores) Quarter Ended Nine Months Ended Growth (%)

Q3FY24 Q3FY24 9MFY24

Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 over over over
Q2FY24 Q3FY23 9MFY23

Interest Income 86,616 1,01,379 1,06,734 2,39,152 3,04,088 5.28 23.23 27.15

Interest Expenses 48,547 61,879 66,918 1,34,704 1,85,867 8.14 37.84 37.98

Net Interest Income 38,069 39,500 39,816 1,04,448 1,18,221 0.80 4.59 13.19

Non Interest Income 11,468 10,791 11,459 22,654 34,313 6.19 -0.08 51.46

Operating Income 49,536 50,291 51,275 1,27,102 1,52,534 1.96 3.51 20.01

Operating Expenses 24,317 30,874 30,939 68,010 87,484 0.21 27.23 28.63

Operating Profit 25,219 19,417 20,336 59,092 65,050 4.74 -19.36 10.08

Total Provisions 11,014 5,087 4,072 25,554 17,571 -19.94 -63.03 -31.24

Exceptional items* 7,100 7,100

Net Profit 14,205 14,330 9,164 33,538 40,378 -36.05 -35.49 20.40

NIM (Whole Bank) (%) 3.50 3.29 3.22 3.29 3.28 -7 bps -28 bps -1 bps

NIM (Domestic) (%) 3.69 3.43 3.34 3.49 3.41 -9 bps -35 bps -8 bps

Cost to Income Ratio (%) 49.09 61.39 60.34 53.51 57.35 -105 bps 1,125 bps 384 bps

Cost to Assets (%) 1.85 2.17 2.10 1.76 2.03 -7 bps 25 bps 27 bps

* Provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization Q3FY24 Analyst Presentation 24
Macro Economic Performance Performance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators IndicatorsHighlights Highlights Performance
Performance & &
AssetAsset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Total income
Particulars (₹ in Crores) Quarter Ended Nine Months Ended Growth (%)

Q3FY24 Q3FY24 9MFY24

Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 over over over
Q2FY24 Q3FY23 9MFY23

Interest on Loans 58,865 70,260 73,517 1,57,721 2,10,904 4.64 24.89 33.72

Interest on Resources 25,258 28,293 29,705 73,281 84,364 4.99 17.61 15.12

Other Interest income 2,493 2,826 3,512 8,149 8,819 24.24 40.83 8.22

Total Interest Income 86,616 1,01,379 1,06,734 2,39,152 3,04,088 5.28 23.23 27.15

Fee Income 5,928 6,536 6,241 18,242 19,402 -4.52 5.28 6.36

Profit / Loss on Sale / Revaluation of Investments 2,938 2,021 2,505 -3,155 8,373 23.92 -14.74 365.43

Forex Income 926 298 907 1,831 1,490 204.61 -2.05 -18.61

Misc. Income 1,677 1,936 1,807 5,736 5,048 -6.66 7.78 -12.00

Total Non Interest Income 11,468 10,791 11,459 22,654 34,313 6.19 -0.08 51.46

Total Income 98,084 1,12,169 1,18,193 2,61,806 3,38,401 5.37 20.50 29.26

Q3FY24 Analyst Presentation 25

Macro Economic Performance Performance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators IndicatorsHighlights Highlights Performance
Performance & &
AssetAsset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Fee income break up

Particulars (₹ in Crores) Quarter Ended Nine Months Ended Growth (%)

Q3FY24 Q3FY24 9MFY24

Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 over over over
Q2FY24 Q3FY23 9MFY23

Loan Processing Charges 1,033 1,524 1,292 3,634 3,842 -15.26 25.02 5.73

Commission on Govt. Business 988 1,020 899 3,067 2,924 -11.87 -9.01 -4.66

Commission on LC/BG 758 797 792 2,316 2,369 -0.59 4.51 2.27

Cross Selling 1,037 969 1,108 2,509 2,770 14.35 6.89 10.39

Remittance, Collection, etc. 1,564 1,476 1,532 4,683 4,440 3.81 -2.01 -5.18

Misc. Fee Income 548 749 617 2,033 3,057 -17.63 12.59 50.38

Fee Income 5,928 6,536 6,241 18,242 19,402 -4.52 5.28 6.36

Q3FY24 Analyst Presentation 26

Macro Economic Performance Performance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators IndicatorsHighlights Highlights Performance
Performance & &
AssetAsset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Total expenses
Particulars (₹ in Crores) Quarter Ended Nine Months Ended Growth (%)

Q3FY24 Q3FY24 9MFY24

Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 over over over
Q2FY24 Q3FY23 9MFY23

Interest on Deposits 41,432 54,474 58,080 1,18,072 1,62,484 6.62 40.18 37.61

Interest on Borrowings 5,437 4,594 5,794 12,045 15,122 26.10 6.55 25.55

Other Interest paid 1,678 2,811 3,044 4,587 8,261 8.31 81.48 80.12

Total Interest Expenses 48,547 61,879 66,918 1,34,704 1,85,867 8.14 37.84 37.98

Salary 9,327 9,706 9,808 27,942 30,154 1.06 5.15 7.92

Provisions for Employees 5,429 9,221 9,554 11,733 24,735 3.61 75.97 110.81

Staff Expenses 14,757 18,926 19,362 39,675 54,889 2.30 31.21 38.34

Overheads 9,560 11,948 11,577 28,335 32,595 -3.10 21.09 15.03

of which: Business Acquisition & Development Expenses 992 1,509 1,703 3,872 4,106 12.89 71.69 6.05

Operating Expenses 24,317 30,874 30,939 68,010 87,484 0.21 27.23 28.63

Total Expenses 72,864 92,753 97,857 2,02,714 2,73,351 5.50 34.30 34.85

Q3FY24 Analyst Presentation 27

Macro Economic Performance Performance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators IndicatorsHighlights Highlights Performance
Performance & &
AssetAsset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Overheads
Particulars (₹ in Crores) Quarter Ended Nine Months Ended Growth (%)

Q3FY24 Q3FY24 9MFY24

Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 over over over
Q2FY24 Q3FY23 9MFY23

Rent, Taxes and Lighting 1,435 1,552 1,500 4,057 4,344 -3.34 4.56 7.06

Depreciation 797 834 845 2,440 2,497 1.33 5.97 2.33

Printing and Stationery 177 208 197 484 579 -5.59 10.95 19.68

Postage & Telecommunications 131 135 205 390 461 51.80 56.63 18.25

Repairs and Maintenance to Bank's Property 250 289 294 735 823 1.87 17.70 12.05

Travelling & Halting 375 407 390 1,039 1,106 -3.96 4.00 6.51

Deposit & General Insurance 1,526 1,660 1,756 3,993 4,802 5.81 15.05 20.26

Business Acquisition & Development Expenses 992 1,509 1,703 3,872 4,106 12.89 71.69 6.05

ATM / CDM / Debit Card / Other Tech Expenses 2,304 2,435 2,676 6,331 7,139 9.89 16.11 12.75

Misc. Expenses 1,572 2,920 2,010 4,994 6,738 -31.14 27.89 34.91

Overheads 9,560 11,948 11,577 28,335 32,595 -3.10 21.09 15.03

Q3FY24 Analyst Presentation 28

Macro Economic Performance Performance
Macro Economic FinancialFinancial Capital
Capital Adequacy
Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Indicators IndicatorsHighlights Highlights Performance
Performance & &
AssetAsset Quality
Quality Journey
Journey Purpose
Purpose Financials & Balance Sheet

Provisions & profit

Particulars (₹ in Crores) Quarter Ended Nine Months Ended Growth (%)
Q3FY24 Q3FY24 9MFY24
Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 over over over
Q2FY24 Q3FY23 9MFY23
Operating Profit 25,219 19,417 20,336 59,092 65,050 4.74 -19.36 10.08
Loan Loss 1,586 1,815 1,757 7,865 6,224 -3.19 10.75 -20.87
Standard Assets 4,230 -720 181 3,060 -971 125.22 -95.71 -131.72
Investment Depreciation -12 -1 -599 1,496 -586 -60,610.10 -4,925.77 -139.14
Other Provisions -44 -979 -652 770 -1,363 33.42 -1,383.47 -277.07
Income Tax 5,253 4,971 3,384 12,362 14,267 -31.92 -35.58 15.41
Total Provisions 11,014 5,087 4,072 25,554 17,571 -19.94 -63.03 -31.24
Exceptional items* 7,100 7,100
Net Profit 14,205 14,330 9,164 33,538 40,378 -36.05 -35.49 20.40

Ratios (Annualized) Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24

ROA (%) 1.08 1.01 0.62# 0.87 0.94#

ROE (%) 18.59 19.47#

Earning Per Share (₹) 63.15 63.88 40.85 49.88 60.22

#excluding one-time exceptional item of ₹7,100 crores, ROA & ROE for 9MFY24 stand at 1.06% & 22.00% respectively, while
ROA for Q3FY24 stands at 0.98%

* Provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization Q3FY24 Analyst Presentation 29
Capital
Adequacy &
Asset Quality
Macro Economic Performance Financial Capital Adequacy Digital Banking with a Subsidiaries, Group
Indicators Highlights Performance & Asset Quality Journey Purpose Financials & Balance Sheet

Well-capitalized bank with adequate liquidity

Capital Ratios (%) RWA to Total Assets (%)

14.28
13.27 13.05
2.50 52.56
50.60 49.26
2.47 12.1
2.47
1.84
1.54 1.49

8.6
Dec 22 Sep 23 Dec 23

31
9.94
9.26 9.09

Dec 22 Sep 23 Dec 23

Dec 22 Sep 23 Dec 23 Credit Risk Weighted Assets on

55.12 54.99 59.41*
Advances to Gross Advances (%)
CET-1 AT-1 Tier-2 Min regulatory Min regulatory
CET-1 ratio Total Capital ratio

Including Profits of 9MFY24, total CAR stands at 14.34% and CET-1 at 10.38% *54.66%: excluding additional RWAs on consumer credit and NBFCs vide RBI
circular dt. 16.11.2023
Excluding impact of RBI guidelines of increased Risk Weight (dt. 16.11.2023),
CRAR would have been at 13.75%, higher by 70 bps and CET-1 would have Q3FY24 Analyst Presentation 31
been at 9.58%, higher by 49 bps
Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital Adequacy
Capital Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Journey Purpose
Indicators
Indicators Highlights Performance & Asset Quality
& Asset Quality Journey Purpose Financials & Balance Sheet

Asset quality (1/4)

Gross NPA (₹ in Crores)
98,347

90,928 91,328
Cumulative for the Period (%) Dec 22 Mar 23 Jun 23 Sep 23 Dec 23
86,974 86,749
Gross NPA Ratio 3.14 2.78 2.76 2.55 2.42

Net NPA Ratio 0.77 0.67 0.71 0.64 0.64

Dec 22 Mar 23 Jun 23 Sep 23 Dec 23 PCR (Incl. AUCA) 91.52 91.91 91.41 91.93 91.49

PCR 76.12 76.39 74.82 75.45 74.17

Net NPA (₹ in Crores)
Corporate PCR (Excl. AUCA) 96.30 98.59 96.24 99.55 91.97

Slippage Ratio 0.72 0.65 0.94 0.70 0.67

23,484 22,995 22,408 Credit cost 0.37 0.32 0.32 0.27 0.25
21,467 21,352

Dec 22 Mar 23 Jun 23 Sep 23 Dec 23

Q3FY24 Analyst Presentation 32

Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital Adequacy
Capital Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Journey Purpose
Indicators
Indicators Highlights Performance & Asset Quality
& Asset Quality Journey Purpose Financials & Balance Sheet

Asset quality (2/4)

₹ in Crores

Movement of NPAs: Q3FY23 Q4FY23 FY23 Q1FY24 Q2FY24 Q3FY24

Opening Level of Gross NPAs 1,06,804 98,347 1,12,023 90,928 91,328 86,974

Total Reductions 11,667 10,877 40,319 7,472 8,435 5,271

of which : Recovery + Upgradation 1,643 4,200 16,258 3,607 4,015 1,798

Gross Addition 3,209 3,458 19,223 7,872 4,081 5,046

of which : Increase in O/s 112 274 803 213 250 86

: Fresh Slippages 3,098 3,185 18,421 7,659 3,831 4,960

Net Increase -8,458 -7,419 -21,096 400 -4,354 -225

Closing Level of Gross NPAs 98,347 90,928 90,928 91,328 86,974 86,749

Segmental NPAs: Dec 22 Sep 23 Dec 23

NPA Ratio % NPA Ratio % NPA Ratio %

Retail: 55,884 3.24 54,879 2.88 55,598 2.77

Agri. 29,724 12.03 29,207 10.66 29,446 10.09

Per Segment 7,919 0.70 8,503 0.68 9,162 0.71

SME 18,241 5.20 17,169 4.41 16,989 4.06

Corporate 40,451 4.37 30,249 3.09 29,362 2.87

International 2,012 0.41 1,846 0.35 1,789 0.32

Total 98,347 3.14 86,974 2.55 86,749 2.42

Q3FY24 Analyst Presentation 33

Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital Adequacy
Capital Adequacy Digital
Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Journey Purpose
Indicators
Indicators Highlights Performance & Asset Quality
& Asset Quality Journey Purpose Financials & Balance Sheet

Movement of NPAs and AUCA (3/4)

₹ in Crores

Movement of NPAs (incl. Advances under Collection):

Mar 21 Mar 22 Mar 23 Dec 23

Opening Level of GNPA + AUCA 3,16,684 3,00,496 2,85,358 2,65,497

Gross Addition (Increase in O/s + Slippages) 29,332 26,776 19,223 16,999

Total GNPA + AUCA + Additions 3,46,016 3,27,272 3,04,581 2,82,496

Less: Recovery / Upgradation 27,930 29,218 23,355 13,747

Less: Write-off (Removal from AUCA/Haircut) 17,590 12,696 15,729 5,386

Closing Level of Gross NPAs + AUCA 3,00,496 2,85,358 2,65,497 2,63,363

Q3FY24 Analyst Presentation 34

Macro Economic
Macro Economic Performance Financial Capital Adequacy
Capital Adequacy Digital Banking with a Subsidiaries, Group
Overview
Highlights Performance Journey Purpose Financials & Balance Sheet
Indicators
Indicators & Asset Quality
& Asset Quality

Asset quality (4/4)

Slippages ₹ in Crores SMA 1 & SMA 2 ₹ in Crores
Accounts with exposure above ₹ 5 crore: CRILC data

16,450 7,221

15,236

1,583

4,747

4,128
3,964
1,688
7,659 3,260

1,784 2,055
795 5,638
4,960
3,831
3,098 3,185
3,059
2,465
2,180 2,072

9MFY23 9MFY24 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Dec 22 Mar 23 Jun 23 Sep 23 Dec 23

SMA1 SMA2

Q3FY24 Analyst Presentation 35

Digital
Journey
Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey Purpose Financials & Balance Sheet

Accelerating digital agenda (1/7)

Market share across channels With varied payment modes

Digital (as per latest available data)

Leadership Debit card spends Mobile Banking

UPI

across No. of Transactions Remit transactions

(in Q3FY24)
Unique users based
mobile numbers
(Cumulative till Dec’23)
(#1 Remitter Bank)
Market share in remittances

channels ATMs Mobile Banking

Transaction value
Debit
cards
Debit Cards Debit Card spend Debit Card spend
(As on 31st Dec 23) transactions (in 9MFY24)

(in 9MFY24)

Increasing digital adoption(%) ATM

2%3% 2% ATM transactions

2%
per day
11% 8%

Dec 22 Dec 23 Digital*

ATM & CDM
84%
88% BC Channel Share of Alternate
Branch Channels

* Digital comprises of Internet, Mobile, UPI & YONO and Green Channel
Q3FY24 Analyst Presentation 37
Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey Purpose Financials & Balance Sheet

Accelerating digital agenda (2/7)

Digital Presence across channels

Presence across access points

Customer touch points

INB Customer Mobile banking (Retail) No. of BC Outlets Number of ATMs

11.1 Cr 12.5 Cr 10.6 Cr 13.3 Cr 70.3 K 81.1 K 66 K 65 K

Dec 22 Dec 23 Dec 22 Dec 23 Dec 22 Dec 23 Dec 22 Dec 23

Payment acceptance touch points

BHIM SBI Pay QR Codes SBI POS BHIM-Aadhar-SBI Bharat QR

Q3FY24 Analyst Presentation 38

Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey Purpose Financials & Balance Sheet

Accelerating digital agenda (3/7)

You Only Need One (YONO) – since inception

Registered Customers

Digital Loans Disbursed

SB Accounts Opened

Insurance policies issued

Q3FY24 Analyst Presentation 39

Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey Purpose Financials & Balance Sheet

Accelerating digital agenda (4/7) YONO: Driving digital agenda of the Bank
(YTD Dec’23)

SB ACCOUNTS Life Insurance DIGITAL LOANS

NPS ACCOUNTS
OPENED Policies Sold DISBURSED
OPENED

All Figures for Q3FY24

Digital Banking
Create seamless omni-
channel customer
experience SB accounts opened Fixed Deposits YONO Quick Pay
(In Numbers) (In Numbers) (In Numbers)

Cross Selling
Provide one-stop shop for
all financial needs Approved Credit Cards Insurance Policies Sold
PAI
(In Numbers) (In Numbers)
(In Numbers)

e2e Digital Loans

(Disbursement Amt.)
Quick Personal Loans
on the go! Real Time Xpress Credit Insta Home Top Up Loan
PAPL (Pre-Approved Personal
Loan) (Amount) (Amount)
(Amount)

Q3FY24 Analyst Presentation 40

Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey Purpose Financials & Balance Sheet

Accelerating digital agenda (5/7)

YONO has shown growth across products and registrations

YONO Registration Regular SB A/C opened Pre-Approved PL Approved Credit Cards

(#Lakhs) (#Lakhs) Disbursed (#Lakhs)
(₹ 000 Cr.)

8.43
33.1 21.0 2.12

4.9% 3.1% 48% 1500%

5.71

31.6
20.4

0.13

Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24

YONO registrations in of new SB a/cs have been Number of Pre-approved Personal Number of Credit Cards approved
current FY opened digitally through YONO Loans (PAPL) Disbursed in current (Issued) in current FY
FY
Q3FY24 Analyst Presentation 41
Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey Purpose Financials & Balance Sheet

Accelerating digital agenda (6/7) Q3FY24

Leadership across - UPI ecosystem

Domestic
Market Share
Avg Txn / Day (Remitter Q3FY24)

Remitter Bank
Total Debit Value (Q3FY24)

International
Beneficiary Bank
UPI Global Transactions – Foreign Inward Remittance
(Cumulative FY24)

UPI Global Transactions Value - Foreign Outward Remittance

(Cumulative FY24)

Merchant Onboarding (Cumulative FY24)

Q3FY24 Analyst Presentation 42
Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey Purpose Financials & Balance Sheet

Accelerating digital agenda (7/7) Q3FY24

YONO for Business: Growth metrics

Journey

Yono Business Payments No. of Txns 16.74 Cr.

New to Digital
Digital Banking Customer onboarded 1,28,199 Active Users (Desktop) 25,75,722 (YB App) 11,38,970
Customers
Pre-approved
Loan Book Leads Converted 21,191
Business Loans

Current Account New digital CA 51,454 Digital 35% (Out of total CA opened)

Import LC Import letter of credit ₹ 26,127 Cr Digital LCs 3,550 (Nos.) Digital 75%*

Letter of Credit Inland LC Inland letter of credit ₹ 12,000 Cr Digital LCs 7,153 (Nos.) Digital 88%*

Inland BG Inland Bank Guarantee ₹ 10,783 Cr Digital BGs 17,965 (Nos.) Digital 69%*

Export LC Export letter of credit ₹ 8,745 Cr Digital LCs 3,522 (Nos.) Digital 51%*

Q3FY24 Analyst Presentation 43

*Digital % of Total LCs / BGs issued
Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital Bankingwith
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey Purpose Financials & Balance Sheet

Advances Business Through Analytical Leads

Digital Lending 9MFY24

₹ 95,142 Cr
PBBU
₹ 73,571 Cr
₹ 69,550 Cr JV Product
Commission PAPL PABL PA2WL
₹ 271 Cr ₹ 21,345 Cr. ₹ 4,094 Cr. ₹ 15 Cr.
(fee)
SMEBU
₹ 6,490 Cr
37%

Insta Home
RTXC POS online
REHBU Topup
₹ 6,454 Cr
₹ 630 Cr. ₹ 134 Cr.
₹ 1,288 Cr.
ABU
9MFY23 9MFY24
₹ 8,627 Cr

JV Income
₹ 271 Cr SBI Card
₹ 163 Cr Besides this, significant value
created through Income Leakage
₹ 178 Cr Recovery, Risk Mitigation &
JV Income Operational Efficiency
₹ 271 Cr
52%

SBI Life Mutual Fund

₹ 12 Cr ₹ 96 Cr
9MFY23 9MFY24
Q3FY24 Analyst Presentation 44
Banking with
a Purpose
Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Banking with
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials & Balance Sheet

Financial Inclusion
No. of BC outlets Transactions in BC Channel Deposits in FI Accounts Market Leader Social Security Schemes
(PSBs) (Share in %)
48.77 90,000
3,582 (As on 31.12.2023)
50.00

3,60,000 3,251 3,500

44.52
40.38 45.00
80,000

81,056 2,98,894 3,000

39.24
62,467
40.00 70,000
3,00,000

70,258
2,43,348 35.00
Transaction 55,029 32.5
60,000
2,500

Deposits APY
Amount
2,40,000

30.00

(₹ in Cr)
50,000

2,000
(₹ in Cr) PMSBY
25.00
1,80,000

40,000

20.00
No. of 1,500
PMJJBY
Transactions 30,000
Average
Balance (₹)
1,20,000

15.00

(in Cr) 20,000

1,000

10.00

60,000

500

10,000

5.00

- 0.00 - -

Dec 22 Dec 23 9MFY23 9MFY24 Dec 22 Dec 23

Performance under Social Security Schemes

Way forward
Cumulative no. in crores Dec 22 Dec 23
❖ To leverage the channel for lead APY 1.10 1.40
generation of Assets Products PMJJBY 3.57 5.17
PMSBY 8.96 11.85
❖ To make BC/CSP Channel a robust
delivery platform
Improvement in Ease of Banking
❖ Functionality of mobile hand-held
Dec 22 Dec 23
device has been rolled with 5 services.
Passbook Printers installed at CSPs 21,070 25,389
More services are being rolled out
% Share of Passbooks printed at CSPs 17.14 17.24
shortly.

Q3FY24 Analyst Presentation 46

Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Banking with
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials & Balance Sheet

Sustainability Highlights

Financial Capital Natural Capital Social Capital Human Capital

₹ 9,164 crores ₹ 47,579 crores ₹ 420.70 crores 2,34,558

Net Profit Renewable Energy (RE) financed portfolio CSR Spend during FY 2023-24 Total workforce*

32,325.64 MW
₹ 35.84 lakh crores 81,056 26.9%
Capacity of RE financed
Advances CSP outlets* Women in workforce*
portfolio

82,185
₹ 47.62 lakh crores >38 MWp 5,467
Candidates trained through RSETIs
Deposits Captive RE Capacity* Persons with Disabilities / Divyang*
during FY 2023-24

97.7% 195 K 100%

36
Share of transactions through Alternate Female Hygiene items distributed Employees covered under
Green Building Certifications*
Channels during FY 2023-24 medical benefits

* indicates values that are cumulative in nature i.e. up to 31.12.2023 Q3FY24 Analyst Presentation 47
Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Banking with
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials & Balance Sheet

Environment
Vision Green Deposits
Green Rupee Term deposit launched
• To achieve Net Zero (Scope 1,2 and
Formation of ESG & Climate Finance Unit
3) by 2055 EV Chargers Rainwater Harvesting

• Consolidation of ESG and Climate finance functions 48 electric vehicle charging 509 Rainwater Harvesting
stations have been installed system have been installed
under a dedicated unit headed by CGM to enable at Bank’s owned premises.
focused attention and tapping new business Mission as on 31.12.2023.
opportunities during the transition phase. To achieve by 2030: Shift to Renewal energy
sources Tree Plantation
• DMD, Chief Credit Officer is the designated Chief I. Net Zero in Scope 1 & 2 emissions Solar roof tops installed in More than 16 lacs trees have
Sustainability Officer of the Bank II. At least 7.5% of domestic gross 689 Branch/AOs premises been planted in open spaces
advances to be Green advances with a capacity of 17,108 and branch/office premises
kWp as on 31.12.2023. under CSR activities up to
III. 25% of these green advances to be Solar rooftops installed in Q3FY24
funded by Green Lines of Credits 3,534 ATMs with a capacity
of 6,732.07 KWp

As of 31st December 2023

Solar Power (Rooftop & ground Small hydro / Hydro ₹ 9,321 crore Wind Power, Biomass and
Impetus for Renewable Financing for various
renewable energy projects: mounted) ₹ 30,352 crore Others ₹ 7,906 crore
Energy (RE) :
₹ 47,579 crore
Supporting growth of
RE projects with an
associated capacity of Financing for sustainability – Sustainable Transportation Flue Gas Distribution and Energy Efficiency process
32,325 MW major projects ₹ 5,182 crore Manufacturing of Solar/Cell and Waste and pollution
module ₹ 10,289 crore control ₹ 613 crore

Q3FY24 Analyst Presentation 48

Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Banking with
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials & Balance Sheet

Contributing to Society (1/2)

Status of CSR activities as on 31.12.2023

CSR Budget Utilization as on 31.12.2023 (₹ in Crores) New Initiatives for underprivileged people

As part of continuous efforts for reaching out to the underprivileged people,

CSR Allocated CSR Spent
Bank has initiated various programs:
SBI Foundation 275.00 275.00
Circles 130.00 74.09 • Bank has supported for the relief and rehabilitation to the people
RSETI 60.00 47.52 affected by the “sudden cloudburst” over Lhonak Lake in the Northern
National 37.32 24.09 Part of Sikkim. An amount of ₹ 2.00 Crore has been donated for the
Grand Total 502.32 420.70 cause. The support rendered by the Bank helped in providing
necessary support to thousands of the people living in the area.

Major CSR activities during Q3FY24

• Women Empowerment: Initiatives include providing support to women
Amount shelter homes, distribution of sewing machines. Hygiene and Care
Activity
(₹ in Crores) support to adolescent girls by distributing sanitary pads, setting up of
Support to SBI RSETI Societies to meet the shortfall in Capital sanitary pad vending machines etc.
Expenditure for Completion of Construction of RSETI buildings 47.52
/ Boundary Walls and other Repairs & renovation.
• As part of Health Care and support to Education, Bank is undertaking to
Armed Forces Flag Day Fund 10.00
face-lift and provide new infrastructure at 208 Schools and 208 Primary
Health Centers located across the Country.
Inspire Institute of Sports, Bengaluru 2.00

Q3FY24 Analyst Presentation 49

Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Banking with
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials & Balance Sheet

Contributing to Society (2/2)

SBI Foundation long-term projects underway
A flagship program for the holistic development of Centralised support centre for Persons with Flagship program in the domain of Education, Aims
villages. Adopted 155 villages across 25 States. Disabilities (PWD) working towards a more to make quality education accessible for all
inclusive India. children.
• SBI Saptarshi’ initiative started in 100 SC/ST
intensive villages across 27 States and 7 UTs • 11 Training programs including 6 for Speech • Over 1.4 Lakh registrations were received for
for improving basic infrastructure. & Hearing and 5 for Visual Impairment in the SBIF Asha Scholarship for School
SBI, Canara Bank, Indian Bank, Central Students 2023.
• ‘SBI Sammaan’ project series initiated to Bank of India, Punjab & Sind Bank and ILM • Project Elevate launched to improve English-
honour national heroes, through various Indian Overseas Bank were conducted language outcomes for 1,000 rural students
developmental interventions at their place of covering 235 employees through government schools.
birth.

SBIF LEAP (Livelihood & Entrepreneurship Rural Development Fellowship programme Flagship program to ensure environmentally
Accelerator Program) aims to achieve the UN SDG 1 provides a framework for bright young minds conscious production and consumption, clean
‘’No Poverty” and SDG 17 “Partnership for Goals” for from urban areas to join hands with rural energy adoption, restoration of ecosystems and
eradicating poverty in all forms. communities in their struggles and aspirations. natural resources and conservation of wildlife.

• 32 Fellows joined in the October Cohort of • Completed plantation of 3 lakh trees in

• Project ‘SBI Foundation & C-CAMP AMR
the 2023-24 Batch of YFI.
Challenge - A Call for Innovations in AMR’ was Madhya Pradesh, Rajasthan and Gujarat.
launched during Dec 2023 under the Start-Up • 67 Fellows of the 2022-23 Batch of YFI
initiative. successfully completed their Fellowship in
LEAP • The ‘SBI Foundation Community Facility Centre November ‘23 with a Valediction Ceremony
to benefit farmers engaged in vegetable held in Bangalore.
cultivation with production-to-marketing solution.
Women Empowerment vertical aims to promote
Flagship program in the domain of sports, gender equality, reducing inequalities through
Healthcare vertical set up to make healthcare provides holistic support to the most promising women empowerment interventions.
accessible and affordable for the most vulnerable and emerging athletes from disadvantaged
sections of society. backgrounds. • Currently 6 projects are ongoing across 6
states & UTs
• Presently 43 projects underway across 26 states ACE • 23 para-athletes supported under the
& UTs covering Health Projects program won 28 medals in the Hangzhou SBIF • Project Unnati has won "EmpowerHer" Award.
Asian Para Games, held in October 2023, at the CSR Journal Awards 2023 for work being
• 32 Sanjeevani “Clinic on Wheels” Mobile Medical
Units in operation in 18 States & 2 UTs.
including 2 Gold, 12 Silver, and 13 Bronze Sashakti implemented in Sirmaur and Solan districts of
Medals. Himachal Pradesh.

Q3FY24 Analyst Presentation 50

Macro Economic
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Banking with
Banking with aa Subsidiaries, Group
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials & Balance Sheet

SBI’s Policy Framework

Governance
Board level committees & Policies for better control and governance

Executive Committee of the Risk Management Committee Audit Committee of the Corporate Social
Central Board of the Board Board Responsibility Committee

Business Continuity and Sustainability and Business Climate Change Risk Code of Ethics
Operational resilience Policy Responsibility Policy Management Policy

Renewable Energy Policy Anti Bribery and Fair Lending Commitment to

Anti-Corruption Policy Practices Code Customers
( BCSBI Code)

Corporate Social Cyber Security Policy Policy on KYC Whistle-blower

Responsibility Policy and Standards Standards, AML and Policy
CFT Measures

Q3FY24 Analyst Presentation 51

Subsidiaries,
Group Financials &
Balance Sheet
 Macro
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Bankingwith
Banking withaa Subsidiaries,
Subsidiaries, Group
Group
Macro Economic
Economic Overview
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose Financials&& Balance
Balance Sheet
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials Sheet
Indicators

SBI and its subsidiaries - leveraging synergies (1/2) As on Dec 2023

₹ in Crores

9MFY23 9MFY24 9MFY23# 9MFY24#

PAT (₹ in cr) 944 1,083 PAT (₹ in cr) 1,662 1,745
ROE (in %) 10.4 10.5 ROE (in %) 25.5 21.5
#
As per Ind AS

Total New Business Gross Written Premium Value of New Business CIF (In Lakh) Spends Receivables
Premium

26,000 56,190 185

60,000 4,500 4,038 200 3,00,000 60,000
27,200
47,302 4,000 3,630 180 159 2,49,936 48,850
21,512 50,000
160
2,50,000 50,000
22,200 3,500
140
1,90,812 38,626
40,000 3,000 2,00,000 40,000
120
17,200
2,500
30,000 100 1,50,000 30,000
21%

19%

11%

16%

31%

26%
2,000
80
12,200
20,000 1,500 1,00,000 20,000
60

1,000
7,200 40
10,000 50,000 10,000
500 20

2,200 0 0 0 0 0

9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24

Market Share Business Performance Market Share Portfolio Profitability

• Private market leadership in Individual New • Individual New Business Premium grew by 17% • #2 player both in Cards and • ▲ 16% YoY in cards, • During 9MFY24 Revenue from
& Individual Rated Premium grew by 15%. Operations grew 27% YoY, PAT
Business Premium, Individual Rated Premium Spends • ▲ 31% YoY in spends at ₹ 1,745 cr
• PAT grew by 15% and stands at ₹ 1,083 cr;
and Total New Business Premium with market • Cards-in-force in 9MFY24 18.9% • ▲ 26% YoY in receivables • During 9MFY24, ROA of 4.7%,
Robust solvency ratio of 2.09
ROE of 21.5%
• VONB increased by 11% and VONB margin (9MFY23 19.6%),
share of 29.1%, 26.5% and 25.3% respectively. • Capital Adequacy Ratio (CAR) at
stands at 28.1%. 18.4%, Tier 1 at 16.3%.
• Spends 18.3% (9MFY23 18.1%)
• Assets under Management ₹ 3,71,410 cr; growth
of 24%.

Q3FY24 Analyst Presentation 53

Macro
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Bankingwith
Banking withaa Subsidiaries,
Subsidiaries, Group
Group
Macro Economic
Economic Overview
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose Financials&& Balance
Balance Sheet
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials Sheet
Indicators

SBI and its subsidiaries - leveraging synergies (2/2) As on Dec 2023

₹ in Crores

9MFY23# 9MFY24# 9MFY23 9MFY24

PAT (₹ in cr) 1,002 1,484 PAT (₹ in cr) 129 135
ROE (in %) 29.1 31.3 ROE (in %) 5.9 5.1
# Standalone Financials; without OCI
Gross Written Premium AUM
Performance Highlights
8,629
• SBIFML is the biggest player in the market since Q4FY20. As on Dec 23, SBIMF has a quarterly
14,789
Average AUM of ₹ 8.51 Lakh Crores with a market share of 17.28%. The second largest player has 6,943
11,349
a market share of 12.48%.
• SBIMF Quarterly average Mutual Fund AUM grew by ₹ 1.39 lakh Crores from ₹ 7.12 lakh crores in

24%

30%
Q3FY23 to ₹ 8.51 lakh crores in Q3FY24.

9MFY23 9MFY24 9MFY23 9MFY24

Group 9MFY23# 9MFY24# Performance Highlights

PAT (₹ in cr) 497 895
ROE (in %) 10.5 13.8 • Ranked 7th amongst the Private players as on December 2023.

Performance Highlights
• PA&SF Group: Ranked No.1 India Borrower Loans (Mandated Lead Arranger). Market share of 26.48% (CY • SBIG Market share amongst the private sector General Insurance players including Stand Alone
2023).
Health Insurance is at 6.19% in 9MFY24 vs 6.04% in 9MFY23.
• DCM: Ranked No.4 for Debt Private placement of bonds in 8M Nov-23 as per the Bloomberg league table.

• ECM: Ranked No.5 in the EGM league table for the issues done between 1st April 2023 to 31st Dec 2023.

*
As per Ind AS
Q3FY24 Analyst Presentation 54
Macro
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Bankingwith
Banking withaa Subsidiaries,
Subsidiaries, Group
Group
Macro Economic
Economic Overview
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose Financials&& Balance
Balance Sheet
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials Sheet
Indicators

Regional Rural Banks

Sponsored by SBI

Performance Highlights for Q3FY24

14 RRBs operating in 13 States & 1 UT Network of 4,757 branches in 242 districts

• Deposits at ₹ 1,28,246 crores ▲10.27% YoY • Gross NPA ▼76 bps YoY at 4.37%

• CASA ▼74 bps YoY at 53.24% • Net Profit of ₹ 1,924 crores ▲53% YoY

• Advances at ₹ 95,235 crores ▲16.86% YoY • ROA ▲39 bps YoY at 1.51%

• CD Ratio ▲419 bps YoY at 74.26% • PCR ▲487 bps YoY at 82.83%

• NIM ▼7 bps YoY at 4.16% • ROE ▲333 bps YoY at 18.31%

Q3FY24 Analyst Presentation 55

Macro
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Bankingwith
Banking withaa Subsidiaries,
Subsidiaries, Group
Group
Macro Economic
Economic Overview
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose Financials&& Balance
Balance Sheet
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials Sheet
Indicators

SBI group financials – 9MFY24

Particulars (₹ in Crores) Nine Month Ended Growth (%) Nine Month Ended
9MFY23 9MFY24 YoY
9MFY23 9MFY24
Interest Earned 2,52,761 3,21,719 27.28
ROA (%) 0.90 0.98
Non-Interest Income 83,764 1,07,941 28.86
ROE (%) 19.06 20.03
Total Income 3,36,526 4,29,661 27.68
Earning Per Share (₹) 55.85 68.15
Interest Expended 1,36,529 1,89,092 38.50
Expenses Ratio (%) 53.38 57.06
Operating Expenses (i+ii) 1,33,644 1,65,767 24.04
NIM (%) 3.32 3.32
(i) Employee Cost 43,042 58,811 36.64
Gross NPA Ratio (%) 3.10 2.40
(ii) Other Operating Expenses 90,602 1,06,956 18.05

Total Expenditure 2,70,173 3,54,859 31.35 Net NPA Ratio (%) 0.76 0.62

Operating Profit 66,353 74,802 12.73

Provisions (other than Tax) 14,390 5,313 -63.07

Less: Exceptional Item* 7,100

Add: Share in profit of

766 939 22.58
associates

Less: Minority Interest 1,427 1,640 14.96

Tax Expenses 13,748 15,986 16.28

Net Profit 37,554 45,701 21.69

* Provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization Q3FY24 Analyst Presentation 56
Macro
Macro Economic Performance PerformanceFinancialFinancial Capital
Capital Adequacy
Adequacy & Digital
Digital Bankingwith
Banking withaa Subsidiaries,
Subsidiaries, Group
Group
Macro Economic
Economic Overview
Overview
Highlights Performance Asset&Quality
Asset Quality Purpose Financials&& Balance
Balance Sheet
Indicators
Indicators Highlights Performance Journey
Journey Purpose Financials Sheet
Indicators

Balance sheet
Liabilities ₹ in Crores

SBI SOLO SBI GROUP

Dec 22 Dec 23 YOY Growth (%) Dec 22 Dec 23 YOY Growth (%)
Capital 892 892 0.00 892 892 0.00
Reserves and Surplus 3,20,311 3,68,061 14.91 3,50,084 4,05,161 15.73
Minority Interest 12,466 15,057 20.79
Deposits 42,13,557 47,62,221 13.02 42,58,993 48,11,200 12.97
Borrowings 5,50,141 5,52,489 0.43 5,78,611 5,90,759 2.10
Other Liabilities & Provisions 2,39,221 2,81,953 17.86 5,50,331 6,69,981 21.74
Total Liabilities 53,24,123 59,65,616 12.05 57,51,377 64,93,051 12.90

Assets
SBI SOLO SBI GROUP

Dec 22 Dec 23 YOY Growth (%) Dec 22 Dec 23 YOY Growth (%)
Cash & balances with RBI 2,24,883 2,11,029 -6.16 2,25,100 2,11,416 -6.08
Bal with Banks & Money at Call and Short Notice 50,024 56,152 12.25 61,759 70,437 14.05
Investments 15,69,202 16,89,406 7.66 19,00,846 21,04,345 10.71
Net Advances 30,58,177 35,19,514 15.09 31,26,210 35,98,225 15.10
Fixed Assets 41,804 42,501 1.67 43,749 44,553 1.84
Other Assets 3,80,033 4,47,013 17.62 3,93,713 4,64,076 17.87
Total Assets 53,24,123 59,65,616 12.05 57,51,377 64,93,051 12.90

Q3FY24 Analyst Presentation 57

Thank You