State Bank Group
March 2007

Disclaimer
This presentation is made purely for information. We
have tried to give relevant information which we believe
will help in knowing the Bank. The viewers may use their
own judgment and are advised to make their own
calculations before deciding on any matter based on the
information given herein. While every care is taken to
verify the accuracy of the information given in this
presentation, neither the Bank nor its officials would in
any way be liable for any action taken or not taken by
the viewers or the users of this presentation or for any
claims, losses etc.
2

Group’s Vision
s Premier Indian Financial Services Group with global
perspective, world class standards of efficiency and
professionalism and core institutional values.
s Retain its position in the country as a pioneer in Development
Banking.
s Maximize shareholder value through high sustained earnings
per share.
s An institution with a culture of mutual care and commitment, a
satisfying and exciting work environment and continuous
learning opportunities.
3

State Bank Group – A presence in every area of the
Financial Sector
SBI Funds
SBI Cards & Payment
Management Ltd
1992 Services Pvt Ltd. 1998
(with Society
(with GE Capital)
Generale)
SBI Factors & SBI Life Insurance
1991 Commercial Services Co.Ltd 2001
P Ltd. ( with Cardiff SA)
SBI Capital Markets
SBI DFHI Ltd.**
Ltd.
1986 2004**
SBI, SBICI & 7 Foreign Subsidiaries
Associate Banks & Joint Ventures
Others - RRBs, UTI-
AMC, C-EdgeTech
** SBI Gilts - 1996 DFHI - 1988
4

Highlights
s State Bank Group, with 14337 branches as on
31.03.2007, has the largest branch network.
s State Bank Group has a market share of
25.13%* in deposits and 24.68%* in advances
out of total commercial banks’ business in India.
s Four out of seven Associate Banks have
achieved Net NPA <1.00%.
* (Source: ASCB data as on March 2006 from Report on Trends and Progress of Banking in India by RBI)
5

Technology Initiatives
s All the branches of State Bank of India and its 7 Associate
Banks were fully computerized in January 2004.
s Core Banking Solution implemented in 10297 branches of the
Group by June 2007.
s All Associate Banks have fully migrated to CBS Platform by
January 2006.
s Country wide network of 6921 ATMs spread across the country.
s Business Process Reengineering initiative launched
(Consultant : Mckinsey).
6

State Bank Group –
Consolidated Balance Sheet 31.03.2007
Rs in Billion
Balance Sheet 8151.74 (100%)
Capital & Liabilities Assets
Share Capital / Reserves : 425.36 (5.2%) Cash & Balances with RBI/ Bank: 724.77 (8.9%)
Minority Interest: 16.90 (0.2%) Investments: 2165.21 (26.6%)
Deposits : 6362.73 (78.1%) Loans & advances : 4872.86 (59.8%)
Saving Deposits : 1726.08 (21.2%) Net Fixed Assets : 39.99 (0.5%)
Term Deposits : 3646.48 (44.7%) Other Assets: 348.91 (4.3%)
Demand Deposits : 990.17 (12.1%)
Borrowings : 486.62 (6.0%)
Other Liabilities & Provisions : 860.14 (10.6%)
(Figures in brackets indicate % to Total Assets)
7

SBI Group – Financial Highlights FY 2007
Rs in Billion
Total Income: 683.77 ( 100%)
Interest Earned: 572.38 (83.7%) Non-Interest Income: 111.39
(16.3%)
Interest Expended :
339.83 (49.7%) Operating Income :
343.94 (50.3%)
Employee Expenses 105.97
Net Interest Income :
Operating Expenses : (15.5%)
232.55 (34.0%)
200.01 (29.3%)
Other Expenses:
Provision for Investment 94.04 (13.75%)
Depreciation: 8.29 (1.21%) Operating Profit:
143.92 (21.0%)
Provision for Loan Losses:
17.76 (2.60%)
Provisions and Contingencies :
36.14 (5.3%)
Provisions for Std Assets:
9.45 (1.38%)
Profit Before Tax : 107.78 (15.8%)
Other Provisions :
0.64 (0.09%)
Provision for Tax: 41.57(6.1%)
Net Profit: 66.21 (9.7%)
Minority Interest: 2.55 (0.4%)
GroupProfit: 63.64 (9.3%)
(Figures in brackets indicate % to Total Income)
8

Banking & Non-Banking Subsidiaries of
State Bank of India

Domestic Banking Subsidiaries
Paid-up Capital
STAKE OF
NAME (March 07)
SBI (%)
(Rs. in bn)
STATE BANK OF BIKANER &
0.50 75.00
JAIPUR
STATE BANK OF HYDERABAD 0.17 100.00
STATE BANK OF INDORE 0.17 98.05
STATE BANK OF MYSORE 0.36 92.33
STATE BANK OF PATIALA 0.25 100.00
STATE BANK OF SAURASHTRA 3.14 100.00
STATE BANK OF TRAVANCORE 0.50 75.00
SBI COMM. & INT’L BANK LTD. 1.00 100.00
10

Domestic Non Banking Subsidiaries & Joint Ventures
Paid-up
NAME OF SUBSIDIRIES/ JOINT Capital(Marc Stake of
VENTURES h 07) SBI (%)
(Rs. in bn)
SBI Capital Markets Ltd. 0.58 86.16
SBI Life Insurance Co. Ltd. 5.00 74.00
SBI Funds Management Pvt. Ltd. 0.50 63.00
SBI Cards & Payment Services Pvt.
2.50 60.00
Ltd.
SBI DFHI Ltd. 2.91 56.96
SBI Factors & Commercial Services
0.45 54.00
Pvt. Ltd.
C-Edge Technologies Ltd. 0.0005 49.00
11

Foreign Subsidiaries / Joint Ventures
NAME Paid-up Capital STAKE OF
(March 07) SBI (%)
(In US $ mio)
SBI (Canada) 14.12 100%
SBI (California) 24.50 100%
SBI Intl (Mauritius) Ltd 10.00 98%
Indian Ocean Intl. Bank Ltd 5.24 56.84%
PT Bank Indo Monex 2.20 76%
Bank of Bhutan 2.30 20%
Nepal SBI Bank Ltd 9.21 50%
Commercial Bank of India 20.00 60%
LLC, Moscow
12

Profile of Associate Banks of
State Bank of India

Net Worth
Rs in Billion
120
NET
107.1 FY05 FY06 FY07
WORTH
98.82
100
SBBJ 12.98 14.06 16.54
86.92
80 SBH 17.66 21.14 24.88
SBIr 9.04 10.18 11.77
60
SBM 7.56 9.27 11.41
40 SBP 20.44 22.35 24.88
SBS 7.94 8.50 9.22
20
SBT 11.30 13.32 15.99
0
TOTAL
FY 05 FY 06 FY 07 86.92 98.82 114.69
ABs
14

Branch Network – Associate Banks as on 31.03.2007
SBS
452 SBH
965
SBIr.
445
SBM
644
SBBJ
844
SBT
704
SBP
766
TOTAL NUMBER OF BRANCHES : 4,820
15

Operating Profit
Rs in Billion
45
44.34 OPERATING
FY05 FY06 FY07
PROFIT
44
SBBJ 7.30 5.92 6.79
43 42.7
SBH 7.13 8.68 10.04
42
SBIr. 3.52 4.20 3.89
41 SBM 4.52 4.38 4.72
40.31
40 SBP 8.53 7.32 7.89
39 SBS 3.68 3.06 2.49
SBT 8.02 6.74 8.52
38
FY 05 FY 06 FY 07
TOTAL ABs 42.70 40.31 44.34
16

Net Profit
Rs in Billion
NET
25 FY05 FY06 FY07
PROFIT
20.31 SBBJ 2.06 1.45 3.06
20
SBH 2.51 4.27 5.06
15.50
15 13.71
SBIr. 1.33 1.39 1.90
SBM 2.06 2.17 2.49
10
SBP 2.87 3.03 3.67
SBS 0.41 0.60 0.87
5
SBT 2.47 2.59 3.26
0 TOTAL
13.71 15.50 20.31
FY 05 FY 06 FY 07 ABs
Robust performance by all Associate Banks
17

Balance Sheet Size
Rs in Billion
2,500
B.SHEET SIZE FY 05 FY 06 FY 07
2,083.31
1,980.01 SBBJ 234 275 345
2,000
1,671.93 SBH 349 406 491
1,500
SBIr. 169 207 245
SBM 166 193 268
1,000
SBP 315 414 475
500 SBS 150 165 188
SBT 289 319 380
0
FY 05 FY 06 FY 07 TOTAL ABs 1672 1980 2392
18

Return On Equity (%)
18.0
ROE FY 05 FY06 FY 07
17.70
17.5 SBBJ 15.85 10.32 18.49
17.0 SBH 14.21 20.20 20.31
16.5
SBIr. 14.74 13.67 16.14
SBM 27.27 23.37 21.84
16.0
15.78 15.73
SBP 14.04 13.74 14.73
15.5
SBS 5.18 7.07 9.48
15.0
SBT 21.87 19.43 20.40
14.5
FY 05 FY 06 FY 07 ALL ABs 15.78 15.73 17.70
19

Return On Average Assets (%)
1.0
0.97
ROA FY 05 FY06 FY 07
1.0
SBBJ 0.88 0.59 1.04
0.9 SBH 0.72 1.13 1.15
0.88
SBIr. 0.79 0.76 0.87
0.9
0.82 SBM 1.25 1.26 1.13
0.8
SBP 0.91 0.90 0.92
0.8 SBS 0.27 0.40 0.49
SBT 0.86 0.86 0.95
0.7
FY 05 FY 06 FY 07 ALL ABs 0.82 0.88 0.97
20

Capital Adequacy Ratio (%)
12.25
12.22 CAR FY 05 FY 06 FY 07
12.20 SBBJ 12.60 12.08 12.89
12.18
SBH 11.74 12.08 12.51
12.15
SBIr. 11.61 11.40 11.77
12.10
SBM 12.08 11.37 11.47
12.06
12.05 SBP 14.21 13.55 12.38
SBS 11.45 12.03 12.78
12.00
SBT 11.05 11.15 11.68
11.95
FY 05 FY 06 FY 07 ALL ABs 12.18 12.06 12.22
21

Net Interest Margin (%)
3.8
3.72 N.I.M. FY 05 FY06 FY 07
3.7
SBBJ 4.20 4.18 3.64
3.6
SBH 3.45 3.25 3.44
3.5
SBIr. 3.63 3.18 2.79
3.39
3.4
SBM 3.81 3.59 3.28
3.3 3.26
SBP 3.53 3.08 3.04
3.2
SBS 3.80 3.32 2.91
3.1
SBT 3.61 3.27 3.39
3
FY 05 FY 06 FY 07 ALL ABs 3.72 3.39 3.26
22

Yields , Costs & Spread (%)
YOA COD SPREAD YOI
ABs
FY05 FY06 FY07 FY05 FY06 FY07 FY05 FY06 FY07 FY06 FY07
FY05
SBBJ 8.60 8.70 9.46 4.84 4.53 5.30 3.76 4.17 4.16 8.73 8.54 7.84
SBH 8.32 8.21 9.16 5.20 4.89 5.43 3.12 3.32 3.73 8.00 8.02 7.98
SBIr. 8.21 8.24 9.02 5.05 4.95 5.62 3.16 3.29 3.40 8.49 8.34 8.20
SBM 8.64 8.39 8.92 4.96 4.65 5.30 3.68 3.74 3.62 8.46 7.93 7.77
SBP 7.95 8.06 8.90 4.73 4.90 5.52 3.22 3.16 3.38 8.07 7.84 7.76
SBS 7.81 7.87 8.50 5.09 5.03 5.52 2.72 2.84 2.98 8.56 8.28 7.88
SBT 7.94 7.92 8.74 4.87 4.96 5.27 3.07 2.96 3.47 8.51 8.47 8.71
23

Asset Quality (%)
NET NPA FY05 FY 06 FY07
1.4
1.23 SBBJ 1.61 1.18 1.09
1.2
1.05 SBH 0.61 0.36 0.22
1.0
SBIr. 1.00 1.83 1.04
0.8 0.76
SBM 0.92 0.74 0.45
0.6
SBP 1.23 0.99 0.83
0.4 SBS 1.40 1.16 0.70
0.2 SBT 1.81 1.47 1.08
0.0
ALL ABs 1.23 1.05 0.76
FY 05 FY 06 FY 07
24

Cost-Income Ratio (%)
COST-INCOME
FY 05 FY06 FY 07
RATIO
51%
SBBJ 46.03 56.19 52.57
50% 49.73% 49.73%
SBH 48.47 48.46 48.24
49%
48% SBIr 48.26 48.60 51.31
47%
SBM 51.47 54.31 54.38
46%
SBP 35.96 45.51 45.49
45%
44.20%
44% SBS 44.84 45.72 52.09
43%
SBT 38.53 48.41 43.09
42%
ALL ABs 44.20 49.73 48.89
41%
FY 05 FY 06 FY 07
25

TRANSACTION COST (%)
FY05 FY06 FY 07
1.52%
1.51%
SBBJ 1.99 2.01 1.53
1.50%
SBH 1.47 1.44 1.13
1.48% SBIr 1.42 1.38 1.16
1.47%
SBM 2.11 1.83 1.45
1.46%
SBP 1.13 1.09 0.97
1.44%
1.44%
SBS 1.54 1.37 1.21
1.42% SBT 1.28 1.40 1.15
AVERAGE
1.51 1.47 1.20
1.40% ABs
H1 FY 06 FY 06 H1 FY 07
26

Performance of
Non Banking Subsidiaries & Joint Ventures

Performance of Domestic Non-bkg. Subsidiaries
AS ON 31/03/2007 Rs. in Billion
SBI'S
GROSS NET
NAME INVEST-
INCOME PROFIT
MENT
SBI CAPITAL MARKETS LTD. 1.49 0.6 0.5
SBI CARDS 9.30 0.6 1.5
SBI DFHI LTD. 0.88 0.5 3.0
SBI FUNDS MANAGEMENT (P)
1.10 0.3 0.2
LTD.
SBI FACTORS & COMMER- CIAL
0.95 0.1 0.3
SERVICES (P) LTD.
SBI LIFE 29.28 38.2 mio 3.7
28

Performance of Domestic Non-bkg. Subsidiaries
AS ON 31/03/2007 Rs. in Billion
B.V.
NET ROE TOTAL PER
NAME
WORTH (%) ASSETS SHARE
(Rs)
SBI DFHI LTD 10.09 5.28 15.97 346.98
SBI CAPITAL MARKETS LTD. 3.78 17.02 4.29 65.16
SBI LIFE 4.7 0.81 49.45 9.41
SBI FACTORS & COMMER- CIAL
0.93 14.16 13.13 20.67
SERVICES (P) LTD.
SBI FUNDS MANAGEMENT (P)
0.92 32.43 1.24 183.58
LTD.
SBI CARDS 3.62 16.25 27.61 14.46
29

Performance of Foreign Subsidiaries / Joint Ventures
AS ON 31/03/2007 ( In US $ mio)
NAME OPERATING NET ASSET
PROFIT PROFIT SIZE
SBI (Canada) 3.32 2.05 395.82
SBI (California) 5.34 3.31 353.76
SBI Intl (Mauritius) Ltd 3.39 2.98 259.97
Indian Ocean Intl. Bank Ltd 2.02 1.40 172.75
PT Bank Indo Monex 0.01 -0.12 39.80
Bank of Bhutan 7.01 4.57 394.32
Nepal SBI Bank Ltd 4.53 1.68 187.57
Commercial Bank of India LLC, 1.71 1.02 42.79
Moscow
30

Highlights of Group Companies
s Only Pvt Sector Insurance company to declare profit of Rs.38.3 mio in FY07 (Rs.20.2 mio in FY06).
s Gross Premium in FY 07: Rs.29.28 bn ( Growth : 172%) ( FY 06 : Rs 10.75bn)
s First Year Premium grown by 275% to Rs.17.18 bn.
SBI Life
s 12% Market Share among Private players.
s Third position in terms of New Business Income among private players.
s Number of Lives insured : 6.49 million ( March 06 : 4.32 million)
s SBI MF currently ranked 7th in the industry; AUM at Rs 16.8 bn
s PAT Rs. 297.8 mio ( YOY growth 59.76%) for FY07.
SBI Funds
Mgmt (P) Ltd. s SBI MF won the prestigious CNBC TV 18 CRISIL Mutual Fund of the Year Award 2007 in February
2007.
s Also won 5 CNBC TV 18 CRISIL Awards and 3 Lipper India Fund Awards
s 2nd largest card issuer in India with 3.36 million cards.
SBI Cards s Cards spends amounted to Rs.48.38 bn in March 2007 an increase of 54%.
s PAT of Rs. 587.7 mio a growth of 62% in FY07 (Rs. 362.0 mio in FY06)
s Mandated Lead Arranger in Project Finance 9th Globally and 1st in Asia Pacific and India. Project
SBI Caps Finance Advisor 3rd Globally and 1st in Asia Pacific.
s Gross Income increased to Rs.1.93 bn in FY 07.
31

Way Forward – Other Business Initiatives
Customer s Introduction of multicity cheques and relationship managers for HNIs
Service s Centralized Pension Processing & Payments
Treasury
s Bouquet of products offerings being enhanced by inviting expertise from market leaders
Products
s Centralised Processing Cells
s Initiatives for improved customer service
Business
s Currency Administration Cells
process s Sales Forces
Re-engineering
s Relationship Management
s Alternate Delivery Channels
s Branch Redesign
32

New Opportunities
General Insurance
Pension Fund Management
Venture Capital
Private Equity
Infrastructure Fund
33

Thank You
Visit us at: www.statebankofindia.com
Click on “Investor Relation” Page for detailed financial information on the Group
You may also contact Mr. S.S.Ranjan, Chief General Manager (Financial Control),
the designated official for Investor Relations, at cgm.fc@sbi.co.in or
on Telephone No: +91 22 2202 0389 for any queries on Bank’s Financial Performance