SBI Group Net Profit for Q1FY10 at Rs. 2759 crores, up by 68.11 %
Mumbai, July 30, 2009:


 Net Profit of Group is up from Rs. 1641 crores in Q1FY09 to Rs. 2759 crores in Q1FY10, a growth of 68.11%. Non Interest Income is up by 141%. The ratio of other income to operating income is up from 34.41% in Q1FY09 to 54.40% in Q1FY10.

 Associate banks’ net profit is Rs. 686.69 crores as on June 2009 (Rs 264.94 crores as on June 2008), growth of 159.19% YOY.

 SBI Life Gross income at Rs 4588 crores shows a YOY growth of 893%. New premium collected is Rs. 1568 crores as against Rs 1385 crores in June 2008.

 SBI Life tops the list for New Business premium among the private sector life insurance companies, improving its position from the 3rd rank in the same period last fiscal, with a market share of 23.76% amongst private insurers as on 30.06.2009.

 SBI Life posted a net profit of Rs.39 crores as against a loss of Rs.50 crores as on 30.06.2008.

 SBI MF’s AUM as on June ’09 stood at Rs. 34,061 crores (ranked 6th) with a growth of 29 % over March 2009 and PAT of Rs. 14.14 crores in Q1FY 10.

 SBI CAPS profit as on June 2009 Rs 48.18 crores, a YOY growth of 11.30%.

• Maintained 1st rank in India League Tables 2009 second quarter, by Bloomberg
• Ranked 1st by Thomson Reuters in India League Tables half year ended 2009
• Ranked 1st by Dealogic in India League Tables half year ended 2009.

 SBI Factors: net profit of Rs. 14.72 crores in Q1FY10 YOY, growth of 76%.

 GTF: net profit of Rs. 14 crores in Q1FY10.

 SBI Factors and GTF together form the largest factoring company in India.

 SBI DFHI has registered a growth of 46.86% in Gross Income with a profit of Rs.35 crores in Q1FY10. The Company has been assigned “Issuer Rating of “Ir-AAA” by ICRA Ltd, denoting highest credit quality.


 SBI has been adjudged the overall ‘Winner’ for India in Asia Money’s Forex Poll of Polls 2009.

 On 25th July 2009 SBI has been awarded under the “Financial Express Best Banks” category “The Best Banker of the year award 2008”.

 The Bank has won IDRBT Banking Technology Excellence Award – 2008 under “Best use of IT for Customer Service in Semi-urban and rural areas” category.

 Voted as “The Best Domestic Provider of FX Services” (2nd year in a row) & “The Best Domestic Provider of Single Bank Electronic Trading Platform” By Asia Money.

 We are among the top 100 banks in the world. Ranked 8th in top 25 banks in Asia.

 Awarded the “Bank of the Year 2008 – India” by The Banker Magazine, London.

 Bagged two prestigious awards from Indian Banks Association and TFCI for  Best IT architecture  Rural banking initiatives.

 Ranked # 1 in Survey of top 5 companies in India in terms of financial reputation by Wall Street Journal Asia.

 Awarded the Financial Services Developer Award for Central Plan Scheme Monitoring System (CSPMS).

 The Reputation Institute, US has ranked SBI 29th.

 Economic Times announced on 17th June 2009, Brand Equity Most Trusted Brand 2009.

 Another area where the media has lauded the Bank has been its counter-cyclic recruitment. At a time when the lay-off fears were high, SBI went out and successfully completed the largest recruitment exercise in the banking sector anywhere in the world by recruiting 33,703 staff during FY09.


(This is a press release from State Bank of India)