TAILIEUCHUNG - State Bank of India Performance Highlights

Liquidity management: A more centralized (branch) model would allow global banks with wholesale operations to manage liquidity more efficiently at the group level, allowing them to transfer liquidity where it is most needed (in normal times, as well as at times of stress, absent barriers placed on transferring funds across jurisdictions in excess of the regulatory requirements). A cross-border bank might also benefit from consolidating its collateral holdings in a single pool, which allows an affiliate with poor access to eligible securities to receive liquidity by collateralizing the “excess” provided by other affiliates. For global retail banks that tend to. | Angel Broking Service Truly Personalized 4QFY2012 Result Update Banking May 21 2012 State Bank of India Performance Highlights Particulars 7 cr 4QFY12 3QFY12 chg qoq 4QFY11 chg yoy NII 11 704 11 466 8 058 Pre-prov. profit 9 597 8 130 6 080 PAT 4 050 3 263 21 NA Source Company Angel Research Note write back on investments netted from treasury loss in 3QFY2012 During 4QFY2012 SBI s reported standalone net profit of 4 050cr as against 21cr in 4QFY2011 which was ahead of ours as well as street estimates. Sign of improvement witnessed on the asset quality front with decline in both gross and net NPA ratios on sequentially lower slippages was the key positive from the result. We recommend a Buy on the stock with a target price of 2 486. NIM decline by 16bp qoq NPA ratios improves sequentially on reduced slippages During 4QFY2012 the bank s net advances grew by yoy driven by healthy growth in segments such as International Agricultural and SME. Overall deposits accretion remained moderate registering a growth of yoy. The reported domestic CASA ratio stood at in 3QFY2012 and in 4QFY2011 . The bank s NIM contracted for both domestic down by 11 bp qoq to and foreign operations down by 24bp qoq to . Consequently overall NIMs for the bank contracted by 16bp to . The banks non-interest income excl. treasury grew strongly by yoy mainly on account of healthy yoy growth in fee income. On the asset-quality front the bank s annualized slippage ratio for the quarter came at significantly lower than in 3QFY2012 and in 2QFY2012. The NPA ratios improved sequentially with both gross and net NPA levels decreasing on an absolute basis by and respectively. The PCR incl. technical write-offs also improved by 558bp qoq to . The bank restructured accounts worth 5 134cr during 4QFY2012 which included Air India s 1 215cr thereby taking its total restructured book to 42 744cr. The slippages from .

• Ngân hàng - Tín dụng
• Sustainable Food System
• Targeting Production
• Methods
• Distribution
• Basket Content
• parameter estimates
• Sustainable Development
• Market Dynamics
• Traditional Belgian Beers
• Protected Designation
• Indigenous Growth
• Food System Compatible
• Organic farming
• Sustainable and nutritional fruit production
• Integrated management system
• Chemical fertilizers
• Soil health and environment
• Food safety became a major concern