Sbi Group Financials Ar12

^maVr` Q>oQ> ~H$ > dm{fH$ [anmoQ> 2011-12 (g_o{H$V)
202
State Bank of India > Annual Report 2011-12 (Consolidated)

31 2012

Consolidated Financial Statements
of State Bank Group
for the year ended 31st March 2012
C202 K202
203
31 2012 () -
STATE BANK OF INDIA (CONSOLIDATED) BALANCE SHEET AS ON 31ST MARCH 2012
(000 ) (000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
dSs_tEr
_z.
Schedule
No.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
As on 31.3.2012
(Current Year)
As on 31.3.2011
(Previous Year)
TtzGr dpvZ QuYOphy / CAPITAL AND LIABILITIES

TtzGr
Capital
...
...
671,04,48
634,99,90
...
...
105558,96,85
82836,25,33
...
...
3725,66,87
2977,16,78
...
...
1414689,40,11
1255562,48,44
...
...
157991,35,95
142470,76,57
...
...
147319,72,65
163416,58,03
1829956,16,91
1647898,25,05
dpZ<b<OYpy dpvZ d<R]u^

Reserves & Surplus
dTpz] <Ò
Minority Interest
GXpZp<]Ypy
Deposits
fRpZ
Borrowings
dY QuYOphy dpvZ
Other Liabilities and Provisions
YpuB
TOTAL
dpOYpy / ASSETS
WpZOrY qZ\{ Vv@ Xu S@Qr dpvZ d<O]u^
Cash and Balances with Reserve Bank of India
...
...
79199,20,61
119349,83,40
...
48391,62,24
35977,62,08
...
...
460949,13,77
419066,44,91
...
...
1163670,20,54
1006401,55,13
...
...
10
7407,96,51
6486,83,24
...
...
11
70338,03,24
60615,96,29
TOTAL
1829956,16,91
1647898,25,05
12
937155,49,74
80410,04,83
852755,36,14
68865,69,84
Vv@puz Xu dpvZ XpzB TZ OPp dT _tESp TZ T}pY RS

Balances with banks and money at call and short notice
<\<SRpS
Investments
d<B}X
Advances
dE[ dpOYpy
Fixed Assets
dY dpOYpy
Other Assets
YpuB
_Xp<kO QuYOphy / Contingent Liabilities

_zB}`N @u <[h <V[ / Bills for Collection
...
...
...
...
_hdnyU [uAp Sr<OYpy /
...
...
17
...
...
18
[uAp-qJ>T<NYpy /
Significant Accounting Policies
Notes on Accounts
C203 K203
204
SCHEDULES
(000 )
dSs_tEr
1 TtzGr
SCHEDULE 1 CAPITAL
(000s omitted)
31.3.2012 @ P<O
@u dSs_pZ (Ep[t \^{)
31.3.2011 @ P<O
@u dSs_pZ (qTF>[p \^{)
As on 31.3.2012
(Current year)
`
As on 31.3.2011
(Previous year)
`
5000,00,00
5000,00,00
671,12,83
635,08,31
671,04,48
634,99,90
671,04,48
634,99,90
:
` 10/-
500,00,00,000 BpdQ>r eoà ( 500,00,00,000)

Authorised Capital:
500,00,00,000 (Previous Year 500,00,00,000) equity shares of ` 10/- each
:
` 10/-
67,11,28,349 ( 63,50,83,106) BpdQ>r eoà

Issued Capital:
67,11,28,349 (Previous Year 63,50,83,106) Equity Shares of ` 10/- each
:
` 10/- 67,10,44,838 BpdQ>r eoà (
1,69,77,498 ( 1,81,05,360) BpdQ>r eoà
84,88,749 ( 90,52,680) .
63,49,98,991)
Subscribed and Paid-up Capital:

67,10,44,838 (Previous Year 63,49,98,991) equity shares of ` 10/-each
The above includes 1,69,77,498 (previous year 1,81,05,360) equity shares
represented by 84,88,749 (previous year 90,52,680) Global Depository Receipts
YpuB
/ TOTAL
dSs_tEr
2 dpZ<b<OYpy dpvZ d<R]u^

SCHEDULE 2 RESERVES & SURPLUS
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
As on 31.3.2012
(Current Year)
`
I.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
As on 31.3.2011
(Previous Year)
`
@pStSr dpZ<b<OYpy
Statutory Reserves
dP]u^
Opening Balance
...
...
...
38996,30,40
43443,25,36
...
...
...
4453,66,87
3480,46,04
...
...
...
...
...
...
2092,59,31
2028,22,23
...
...
...
32,85,04
73,09,64
...
...
...
\^{ @u QpvZpS TqZ\R{S

Additions during the year
\^{ @u QpvZpS @J>pv<OYpy

Deductions during the year
II.
TtzGr dpZ<b<OYpy
43449,97,27
7927,41,00
38996,30,40
Capital Reserves #
dP]u^
Opening Balance


C204 K204
2125,44,35
8,72,56
2092,59,31
205
dSs_tEr
2 dpZ<b<OYpy dpvZ d<R]u^ (GpZr)

SCHEDULE 2 RESERVES & SURPLUS (Contd.)
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
As on 31.3.2012
(Current Year)
`
III.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
As on 31.3.2011
(Previous Year)
`
]uYZ T}r<XYX
Share Premium
dP]uu^
Opening Balance
...
...
...
20658,58,29
20658,30,78
...
...
...
7864,05,01
27,51
...
...
...
87,872
...
...
...
749,92,64
763,47,78
...
...
...
2095,57,92
22,67,30
...
...
...
...
...
...
19815,92,40
15548,85,55
...
...
...
7935,25,66
4628,93,37
...
...
...
19,72,14
...
...
...
892,74,17
522,92,29
YpuB
TOTAL
105558,96,85
82836,25,33


IV.
28513,84,58
20658,58,29
<\ Xsp dpZ<b<OYpy

Forex Translation Reserves
dP]uu^
Opening Balance


V.
2845,50,56
36,22,44
749,92,64
dpvZ dY dpZ<b<OYpy
Revenue and Other Reserves
dP]u^
Opening Balance
\^{ @u QpvZpS TqZ\R{S##

Additions during the year##

VI.
Balance in Profit and Loss Account
27731,45,92
361,86,52
19815,92,40
[pW dpvZ `p<S ApOu Xu ]u^
` 139,23,28
( ` 135,22,45 )

##
# includes Capital Reserve on consolidation ` 139,23,28 thousand
(Previous Year ` 135,22,45 thousand)
## net of consolidation adjustments
C205 K205
206
dSs_tEr
3 <SbuT
SCHEDULE 3 DEPOSITS
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
@.
A.
I.
I.
As on 31.3.2011
(Previous Year)
Demand Deposits
Vv@pu _u
From Banks
(ii)
...
...
...
...
7598,17,42
10003,27,21
...
...
...
...
111357,83,08
144177,51,02
...
...
...
...
456632,72,25
409609,16,28
...
...
...
...
18580,69,73
15170,00,63
...
...
...
...
820519,97,63
676602,53,30
YpuB
TOTAL
1414689,40,11
1255562,48,44
...
...
...
1341224,25,26
1196484,91,96
...
...
...
73465,14,85
59077,56,48
dYpu _u
From Others
VEO Vv@ <SbuT

Savings Bank Deposits
III.
As on 31.3.2012
(Current Year)
XpzB <SbuT
(i)
II.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
_p\<R <SbuT
Term Deposits
(i)
Vv@pu _u
From Banks
(ii)
dYpu _u
From Others
A.
(i)
B.
WpZO PO ]pApdpu @u <SbuT

Deposits of Branches in India
(ii)
...
WpZO @u Vp`Z PO ]pApdpu @u <SbuT

Deposits of Branches outside India
C206 K206
207
dSs_tEr
4 fRpZ
SCHEDULE 4 BORROWINGS
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
I.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
As on 31.3.2012
(Current Year)
As on 31.3.2011
(Previous Year)
WpZO Xu fRpZ
Borrowings in India
(i)

Reserve Bank of India
(ii)
...
...
1522,00,00
2236,40,00
...
...
...
...
6693,68,11
9786,70,18
...
...
...
...
14357,75,23
9061,39,16
...
...
...
3890,00,00
3890,00,00
...
...
...
...
45004,57,10
43745,14,10
...
...
...
...
...
...
...
...
83305,85,87
70951,20,73
...
...
...
3179,76,24
2787,42,20
...
...
...
37,73,40
12,50,20
TOTAL
and II )
157991,35,95
142470,76,57
5991,39,23
8884,55,90

Other Institutions and Agencies
(iv)
...

Other Banks
(iii)
...
()
Innovative Perpetual Debt Instruments (IPDI)
(v)

Subordinated Debts & Bonds
II.

Borrowings outside India
(i)

Borrowing and Refinance outside India
(ii)
()
Innovative Perpetual Debt Instuments (IPDI)
(iii)

Subordinated Debts & Bonds
...
(I
I II
Secured Borrowings included in I & II above
...
C207 K207
...
...
...
208
5 dY Qp<Y\ dpvZ
SCHEDULE 5 OTHER LIABILITIES & PROVISIONS
dSs_tEr
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
I.
...
...
...
25164,68,38
26563,64,59
...
...
...
...
229,12,23
4,18,30
...
...
...
...
21688,67,34
...
...
...
...
15050,35,95
11627,36,46
...
...
...
...
325,36,91
121,62,22
...
...
...
...
44920,85,73
35654,45,27
...
...
...
...
61629,33,45
67756,63,85
147319,72,65
163416,58,03
~r_m `dgm` Ho$ nm{bgrYmaH$m| go g~{YV Xo`VmE

Liabilities relating to Policyholders in Insurance Business
VII.
...
dpP<BO @Z Qp<Y\ (<S\[)

Deferred Tax Liabilities (Net)
VI.
T}puQoWtO YpG
Interest accrued
V.
dzOZ-@pYp{[Y _XpYpuGS (<S\[)

Inter Office adjustments (Net)
IV.
As on 31.3.2011
(Previous Year)
dzOZ- _XpYpuGS (<S\[)

Inter Bank Adjustments (Net)
III.
As on 31.3.2012
(Current Year)
_zQuY <V[
Bills payable
II.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
dY (e_Xu _X<[O `v)

Others (including provisions)
YpuB
TOTAL
6 S@Qr dpvZ WpZOrY qZ\{ Vv@ Xu

SCHEDULE 6 CASH AND BALANCES WITH RESERVE BANK OF INDIA
dSs_tEr
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
I.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
As on 31.3.2012
(Current Year)
As on 31.3.2011
(Previous Year)
`pP S@Qr (e_Xu <\Qu]r @Zu_r SpuJ> OPp _X<[O `v)

Cash in hand (including foreign currency
notes and gold)
II.
...
...
...
...
13082,01,93
9148,70,38
...
...
...
...
66114,64,44
110198,59,87
...
...
...
...
2,54,24
2,53,15
79199,20,61
119349,83,40
WpZOrY qZ\{ Vv@ Xu

Balances with Reserve Bank of India
(i)
Ep[t ApOu Xu
In Current Account
(ii)
dY ApOpu Xu
In Other Accounts
YpuB
TOTAL
C208 K208
209
7 Vv@pu Xu dpvZ XpzB TZ OPp dT _tESp TZ

SCHEDULE 7 BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE
dSs_tEr
T}pY RS
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
I.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
As on 31.3.2012
(Current Year)
As on 31.3.2011
(Previous Year)
WpZO Xu
In India
(i)
Vv@pu Xu
Balances with banks
(@) Ep[t ApOu Xu

(a)
In Current Account
...
...
...
...
866,16,03
1735,91,93
...
...
...
...
6765,69,55
3195,84,05
...
...
...
...
5805,48,81
2685,53,85
...
...
...
...
331,69,00
1754,91,65
TOTAL
13769,03,39
9372,21,48
(A) dY GXp ApOpu Xu

(b)
(ii)
In Other Deposit Accounts
XpzB TZ dpvZ dT _tESp TZ T}pY RS

Money at call and short notice
(@) Vv@pu Xu
(a)
With banks
(A) dY _zPpdpu Xu
(b)
With Other Institutions
YpuB
II.
WpZO @u Vp`Z
Outside India
(i)
Ep[t ApOu Xu
In Current Account
(ii)
...
...
...
24580,04,34
13018,60,96
...
...
...
...
1843,99,10
1480,48,78
...
...
...
...
8198,55,41
12106,30,86
34622,58,85
26605,40,60
48391,62,24
35977,62,08
dY GXp ApOpu Xu
In Other Deposit Accounts
(iii)
...
XpzB TZ dpvZ dT _tESp TZ T}pY RS

Money at call and short notice
YpuB
TOTAL
@s[ YpuB
GRAND TOTAL
( I dpvZ and II )
C209 K209
210
dSs_tEr
8 <\<SRpS
SCHEDULE 8 INVESTMENTS
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
I.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
As on 31.3.2012
(Current Year)
`
As on 31.3.2011
(Previous Year)
`
WpZO Xu <\<SRpS
Investments in India in
(i) _Z@pZr T}<OWt<OYpy
Government Securities
(ii) dY dSsXpu<QO T}<OWt<OYpy
Other Approved Securities
(iii) ]uYZ
Shares
(iv) qL>VuEZ dpvZ VpzL>
Debentures and Bonds
(v) _`YpuBr
Associates
(vi) dY (Yt<SJu dp<Q)
Others (Units, etc.)
...
...
...
...
360054,56,37
316088,12,01
...
...
...
...
2089,18,54
2587,87,09
...
...
...
...
24834,64,64
25080,08,32
...
...
...
...
23517,79,87
23778,87,12
...
...
...
...
1265,46,97
1006,51,18
...
...
...
...
37449,90,11
40289,94,27
TOTAL
449211,56,50
408831,39,99
YpuB
II.
WpZO @u Vp`Z <\<SRpS

Investments outside India in
(i) _Z@pZr T}<OWt<OYpu Xu (e_Xu PpSrY T}p<R@ZN _X<[O
Government Securities (including local authorities)
(ii) _`YpuBr
Associates
(iii) dY (]uYZ, qL>VuEZ dp<Q)
Other Investments (Shares, Debentures, etc.)
`v)
...
...
...
...
3531,20,41
3630,29,46
...
...
...
...
62,13,60
51,59,97
...
...
...
...
8144,23,26
6553,15,49
11737,57,27
10235,04,92
GRAND TOTAL
( I dpvZ and II )
460949,13,77
419066,44,91
...
...
...
...
451425,98,03
412492,44,56
...
...
...
...
2214,41,53
3661,04,57
...
...
...
...
449211,56,50
408831,39,99
...
...
...
...
12012,89,05
10456,90,92
...
...
...
...
275,31,78
221,86,00
...
...
...
...
11737,57,27
10235,04,92
460949,13,77
419066,44,91
YpuB
TOTAL
@s[ YpuB
III.
WpZO Xuz <\<SRpS

Investments in India in
(i) <\<SRpSpu @p _@[ XtY
Gross Value of Investments
(ii) mdYmZm| / XtYp_ H$m Hw$b `moJ
Aggregate of Provisions / Depreciation
(iii) <S\[ <\<SRpS (gTZ I _u)
Net Investments (vide I above)
IV.
WpZO @u Vp`Z <\<SRpS

Investments outside India in
(i)
<\<SRpSpu @p _@[ XtY

Gross Value of Investments
(ii)
mdYmZm| / XtYp_ H$m Hw$b `moJ
(iii)
Aggregate of Provisions / Depreciation

<S\[ <\<SRpS (gTZ II _u)
Net Investments (vide II above)
@s[ YpuB
GRAND TOTAL
( III dpvZ and IV )
C210 K210
211
dSs_tEr
9 d<B}X
SCHEDULE 9 ADVANCES
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
@.
(I)
A.
(I)
B.
(I)
C.
...
...
90893,63,64
64272,97,11
...
...
...
498481,20,77
435124,33,85
...
...
...
574295,36,13
507004,24,17
YpuB
TOTAL
1163670,20,54
1006401,55,13
...
...
...
875465,18,10
706678,51,77
...
...
...
86332,96,33
116331,78,21
dT}<OWtO
Unsecured
B.
...
/_Z@pZr T}YpWt<OYpu pZp _zZ<bO

Covered by Bank / Government Guarantees
(III)
XtO{ dpOYpu pZp T}<OWtO

( )
Secured by tangible assets
(includes advances against Book Debts)
(II)
_p\<R
Term loans
A.
As on 31.3.2011
(Previous Year)
@v] @}uqL>J>, dpu\ZL~>pJ> dpvZ fRpZ

Cash Credits, Overdrafts and Loans repayable on demand
(III)
As on 31.3.2012
(Current Year)
@}Y q@h Bh dpvZ <XOr@pJ>u TZ WsBOpS q@h Bh <\<SXY Tm

Bills purchased and discounted
(II)
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
...
...
...
201872,06,11
183391,25,15
YpuB
TOTAL
1163670,20,54
1006401,55,13
...
...
...
345780,06,73
318873,29,53
...
...
...
72039,51,04
64079,72,69
...
...
...
339,58,80
1637,26,44
...
...
...
602723,48,35
505405,39,43
YpuB
TOTAL
1020882,64,92
889995,68,09
...
...
...
17171,70,50
22466,08,47
...
...
...
21623,37,73
14820,36,26
...
...
...
49339,16,18
38633,79,72
...
...
...
54653,31,21
40485,62,59
YpuB
TOTAL
142787,55,62
116405,87,04
GRAND TOTAL
and B C. (II) )
1163670,20,54
1006401,55,13
WpZO Xu d<B}X
Advances in India
(i)
T}pP<X@Op T}pO bum

Priority Sector
(ii)
_p\{G<S@ bum
Public Sector
(iii)
Vv@
Banks
(iv)
dY
Others
(II)
WpZO @u Vp`Z d<B}X

Advances outside India
(i)
Vv@pu _u ]puY
Due from banks
(ii)
dYpu _u ]puY
Due from others
(@) @}Y q@h Bh dpvZ <XOr@pJ>u TZ WsBOpS q@h Bh <\<SXY Tm

(a) Bills purchased and discounted
(A) d<W^Q fRpZ

(b) Syndicated loans
(B) dY
(c)
Others
C211 K211
@s[ YpuB
dpvZ
C. (I)
212
dSs_tEr
10 PZ dpOYpy
SCHEDULE 10 FIXED ASSETS
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
As on 31.3.2012
(Current Year)
`
I.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
As on 31.3.2011
(Previous Year)
`
@. TqZ_Z
Premises
31 XpE{ @ P<O @u dSs_pZ [pBO TZ
At cost as on 31st March of the preceding year
Tt\{\Or{ \^{ @
...
...
...
2606,31,69
2424,72,65
...
...
...
454,98,31
226,86,79
...
...
...
5,92,31
45,27,75
...
...
...
1051,76,21
...
...
...
14029,96,46
12416,19,66
...
...
...
2346,63,13
2426,02,38
...
...
...
730,01,86
812,25,58
...
...
...
10639,67,34
...
...
...
906,97,74
988,38,39
...
...
...
11,02,75
3,31,46
...
...
...
19,99
84,72,11
...
...
...
897,15,52
894,67,29
20,64,98
12,30,45


dOS d\bYN
Depreciation to date
II.
2003,61,48
959,85,93
1646,45,76
dY PZ dpOYpy (e_Xu USr{EZ dpvZ <U_EZ _X<[O `v)

Other Fixed Assets (including furniture and fixtures)
Tt\{\Or{ \^{ @u31 XpE{ @ P<O @u dSs_pZ [pBO TZ



dOS d\bYN
Depreciation to date
III.
5006,90,39
9543,09,50
4486,86,96
TJ>oJ>p@wO dpOYpy
Leased Assets
31 XpE{ @ P<O @u dSs_pZ [pBO TZ
Tt\{\Or{ \^{ @


dOS d\bYN
Depreciation to date including provisions
KQ>mE boIm nQ>Q>m g_m`moOZ

Less: Lease adjustment account
IV.
...
...
...
...
...
...
4,50,18
16,14,80
4,50,18
7,80,27

Assets under Construction
YpuB
TOTAL
C212 K212
381,29,84
345,70,25
7407,96,51
6486,83,24
213
dSs_tEr
11 dY dpOYpy
SCHEDULE 11 OTHER ASSETS
(000 )
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
I.
...
...
...
3110,81,70
1633,44,96
...
...
...
...
15121,66,38
12329,62,38
...
...
...
...
9931,41,36
7146,19,41
...
...
...
...
128,70,95
126,20,02
...
...
...
...
33,81,06
17,67,26
...
...
...
...
534,45,70
1559,15,03
...
...
...
...
41477,16,09
37803,67,23
70338,03,24
60615,96,29
dpP<BO @Z dpO (<S\[)

Deferred tax asset (net)
VII.
...
Qp\pu @ _zOs<J> Xu T}pO @ Be{ BvZ-Vv@@pZr dpOYpy

Non-banking assets acquired in satisfaction of claims
VI.
-
Stationery and stamps
V.
/
Tax paid in advance/tax deducted at source
IV.
As on 31.3.2011
(Previous Year)

Interest accrued
III.
As on 31.3.2012
(Current Year)
- ()
Inter-Office adjustments (net)
II.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
dY
Others #
YpuB
TOTAL
# g_oH$Z AmYma na gmI ` 728,64,93 hOma em{_b h ({nN>bo df ` 769,77,74 hOma)
# Includes Goodwill on consolidation ` 728,64,93 thousand (P. Y. ` 769,77,74 thousand)
(000 )
dSs_tEr
12 _Xp<kO Qp<Y\
SCHEDULE 12 CONTINGENT LIABILITIES
(000s omitted)
@ P<O
@u dSs_pZ
(Ep[t \^{)
31.3.2012
I.
...
...
...
...
1344,28,80
1209,74,94
...
...
...
...
10,69,90
15,25,22
...
...
...
...
460108,59,30
421259,55,48
...
...
...
...
105767,34,48
100106,67,96
...
...
...
...
85203,17,43
61564,91,59
...
...
...
...
160401,48,34
165199,53,77
...
...
...
...
124319,91,49
103399,67,18
937155,49,74
852755,36,14
80410,04,83
68865,69,84
V@pYp \pYQp <\<SXY _z<\Qpdpu @ VpVO Qp<Y\

Liability on account of outstanding forward
exchange contracts
IV.
As on 31.3.2011
(Previous Year)
dz]O: _zQl <\<SRpSpu @u <[h Qp<Y\

Liability for partly paid investments
III.
As on 31.3.2012
(Current Year)
F$U Ho$ $n _| drH$ma Zht {H$E JE g_yh Ho$ {d Xmdo

Claims against the group not acknowledged as debts
II.
@ P<O
@u dSs_pZ
(<TF>pp \^{)
31.3.2011
@ dpuZ _u Qr Be{ T}YpWt<OYpy

Guarantees given on behalf of constituents
(@) WpZO Xu
(a)
In India
(A) WpZO @u Vp`Z

(b)
V.
Outside India
T}<OB}`N, TwK>pz@S dpvZ dY VpYOphy

Acceptances, endorsements and other obligations
VI.
A` _X| {OZHo$ {bE g_yh g_m{lV $n go CmaXm`r h

Other items for which the group is contingently liable
YpuB
TOTAL
gJhU Ho$ {bE {~b

Bills for collection
C213 K213
214
31 2012
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2012
(000 )
(000s omitted)
dSs_tEr _z.
Schedule No.
I.
31.3.2012
@pu _XpO \^{

(Ep[t \^{)
31.3.2011
@pu _XpO \^{

(<TF>pp \^{)
Year ended 31.3.2012

(Current Year)
`

(Previous Year)
`
dpY
INCOME
d<G{O YpG
Interest earned
...
...
...
13
147197,38,72
113636,44,25
...
...
...
14
29835,43,71
34207,47,85
177032,82,43
147843,92,10
dY dpY
Other Income
YpuB
II.
TOTAL
YY
EXPENDITURE
YY q@Yp BYp YpG

Interest expended
...
...
...
15
89319,55,28
68086,40,16
...
...
...
16
46856,03,30
46518,00,73
...
...
...
24883,93,33
22059,57,50
TOTAL
161059,51,91
136663,98,39
T}Ep[S YY
Operating expenses
dpvZ dp@X@ YY
Provisions and contingencies
YpuB
III.
[pW
PROFIT
\^{ @u <[h <S\[ [pW

Net Profit for the year
...
...
...
15973,30,52
11179,93,71
...
...
...
630,20,56
494,98,78
...
...
...
15343,09,96
10684,94,93
...
...
...
522,92,29
58,58,15
15866,02,25
10743,53,08
CJ>phz # dTpz] <Ò

Less: Minority Interest
_Xt` [pW
Group Profit

Balance Brought forward
{d{Z`moOZ Ho$ {bE CnbY am{e

<\<SYpuGS
/ AMOUNT AVAILABLE FOR APPROPRIATION
APPROPRIATIONS
@pStSr dpZ<b<OYpu @pu dzOZN

Transfer to Statutory Reserves
...
...
...
4454,61,65
3388,50,53
...
...
...
7781,54,57
4573,55,45
...
...
...
2348,65,69
1904,99,70
...
...
...
388,46,17
353,55,11
...
...
...
892,74,17
522,92,29
TOTAL
15866,02,25
10743,53,08
dY dpZ<b<OYpu dzOZN
Transfer to Other Reserves
[pWpz]
Proposed Dividend
[pWpz] TZ @Z
Tax on Dividend
d<O]u^ Gpu Os[STm Xu dpBu [u GpYp BYp `v

Balance carried over to Balance Sheet
YpuB
{V _yb Am` / Basic earnings per share

{V `yZrH$V Am` / Diluted earnings per share
_hdnyU [uAp Sr<OYpy / Significant Accounting Policies
[uAp-qJ>T<NYpy / Notes on Accounts
...
...
...
C214 K214
17
18
` 241.55
` 168.28
` 241.55
` 168.28
215
SCHEDULES
dSs_tEr
13 d<G{O YpG
SCHEDULE 13 INTEREST EARNED
(000 )
(000s omitted)
31.3.2012
I.

(Current Year)
`

(Previous Year)
`
...
...
...
....
111341,45,56
83797,22,37
...
...
...
....
33705,20,92
27854,47,43
...
...
...
....
776,25,90
523,93,85
...
...
...
....
1374,46,34
1460,80,60
YpuB
TOTAL
147197,38,72
113636,44,25
WpZOrY qZ\{ Vv@ @u dpvZ dY

dzOZ-Vvv@ <S<RYpu TZ YpG
Interest on balances with Reserve Bank of India
and other inter-bank funds
IV.
dY
Others
(000 )
dSs_tEr
14 dY dpY
SCHEDULE 14 OTHER INCOME
(000s omitted)
31.3.2012
I.
14532,36,72
13958,94,27
...
...
...
....
(583,26,05)
3091,75,23
...
...
...
....
(1369,65,79)
(135,12,21)
...
...
...
....
(47,01,40)
(20,74,79)
...
...
...
....
1688,26,70
1754,75,77
...
...
...
....
2,28,75
5,08,74
...
...
...
....
15,10
2,06,83
...
...
...
....
268,98,68
227,53,11
...
...
...
....
12985,11,49
12851,84,46
...
...
...
....
143,85,41
218,17,57
...
...
...
....
2214,34,10
2253,18,87
YpuB
TOTAL
29835,43,71
34207,47,85
_`Ypu<BYpu _u dpY @p <`_p

Share of earnings from associates
XI.
....
Gr\S VrXp T}r<XYX (<S\[)

Insurance Premium Income (Net)
X.
...
@}uqL>J> @pL>{ _QYOp/_u\p ]s@

Credit card membership/service fees
IX.
...
dpY
Income from financial Lease
VIII.
...
WpZO/<\Qu] PO _zYsO fXpu _u T}pO [pWpz]

Dividends from Associates in India/abroad
VII.

(Previous Year)
`
<\<SXY _zY\`pZpu TZ [pW / (`p<S) (<S\[)

Profit / (Loss) on exchange transactions (Net)
VI.

(Current Year)
`
Wt<X, W\Spu dpvZ dY dpOYpu @u

<\@}Y TZ [pW / (`p<S) (<S\[)
Profit / (Loss) on sale of land, buildings and other assets
including leased assets (Net)
V.
@pu _XpO \^{

(<TF>pp \^{)
<\<SRpSpu @u TsSX{tYpz@S TZ [pW / (`p<S) (<S\[)

Profit / (Loss) on revaluation of investments (Net)
IV.
31.3.2011
<\<SRpSpu @u <\@}Y TZ [pW / (`p<S) (<S\[)

Profit / (Loss) on sale of investments (Net)
III.
@pu _XpO \^{

(Ep[t \^{)
@Xr]S, <\<SXY dpvZ Q[p[r

Commission, exchange and brokerage
II.
@pu _XpO \^{

(<TF>pp \^{)
<\<SRpSpu TZ dpY
Income on investments
III.
31.3.2011
d<B}Xpu/<\<SXY Tmpu TZ YpG/<XOr@pJ>p

Interest/discount on advances/bills
II.
@pu _XpO \^{

(Ep[t \^{)
<\<\R dpY
Miscellaneous Income
C215 K215
216
dSs_tEr
15 YY q@Yp BYp YpG

SCHEDULE 15 INTEREST EXPENDED
(000 )
(000s omitted)
31.3.2012
I.

(Current Year)
`

(Previous Year)
`
...
...
...
....
79345,57,40
60749,67,56
...
...
...
....
4427,60,44
2993,56,30
...
...
...
....
5546,37,44
4343,16,30
YpuB
TOTAL
89319,55,28
68086,40,16
dY
Others
dSs_tEr
16 T}Ep[S YY
SCHEDULE 16 OPERATING EXPENSES
(000 )
(000s omitted)
31.3.2012
I.
20711,02,77
...
...
...
....
2822,38,95
2436,13,89
...
...
...
....
380,08,52
349,45,33
...
...
...
....
342,66,27
432,13,40
...
...
...
....
1,84,61
1,59,10
...
...
...
....
1369,76,13
1378,96,06
...
...
...
....
5,86,33
6,23,27
...
...
...
....
197,98,41
190,58,29
...
...
...
....
211,69,70
207,21,48
...
...
...
....
539,09,80
484,98,32
...
...
...
....
489,96,18
474,52,05
...
...
...
....
1271,89,18
1086,09,08
...
...
...
....
12,85,34
18,22,03
Other Operating Expenses relating to Credit Card operations ...
...
...
....
333,44,65
360,84,92
...
...
....
12444,91,93
14726,33,60
...
...
....
4347,54,57
3653,67,14
YpuB
TOTAL
46856,03,30
46518,00,73
XsN dpvZ [uAS-_pXB}r

<\cpTS dpvZ T}EpZ
TJ>oJ>p@wO dpOYpu TZ XtYp_
XtYp_
( )
<SQu]@pu @ U_, Wlu dpvZ YY
[uAp-TZrb@pu @ U_ dpvZ YY
(]pAp [uAp-TZrb@pu )
Auditors fees and expenses
(including branch auditors' fees & expenses)
IX.
<\<R T}WpZ
Law charges
X.
L>p@ X`_t[, OpZ dpvZ J>u[rUpuS dp<Q

Postages, Telegrams, Telephones, etc.
XI.
XZXO dpvZ dSsZbN

Repairs and maintenance
XII.
VrXp
Insurance
XIII.
dpP<BO YY @p TqZ]puRS
Amortization of deferred revenue expenditure
XIV.
XV.
A` Ho${S>Q> H$mS> MmbZ go g~{YV n[aMmbZ ``

A` ~r_m `dgm` go g~{YV n[aMmbZ ``
Other Operating Expenses relating to Insurance Business ...
XVI.
22084,02,73
Directors fees, allowances and expenses

VIII.
`
....
Depreciation on Fixed Assets

(Other than Leased Assets)
VII.

(Previous Year)
...
Depreciation on Leased Assets

VI.

(Current Year)
...
Advertisement and publicity

V.
@pu _XpO \^{{

(<TF>pp \^{)
...
Printing and stationery

IV.
31.3.2011
WpJ>@, @Z dpvZ Zpu]Sr

Rent, taxes and lighting
III.
@pu _XpO \^{{

(Ep[t \^{)
@X{EpqZYpu @pu WsBOpS dpvZ fS@u <[h T}p\RpS

Payments to and provisions for employees
II.
@pu _XpO \^{

(<TF>pp \^{)
WpZOrY qZ\{ Vv@/dzOZ-Vv@ fRpZpu TZ YpG

Interest on Reserve Bank of India/Inter-bank borrowings
III.
31.3.2011
<SbuTpu TZ YpG
Interest on deposits
II.
@pu _XpO \^{

(Ep[t \^{)
dY YY
Other expenditure
...
C216 K216
217
SCHEDULE 17
AZwgyMr 17
_hdnyU boImH$aU Zr{V`m :
SIGNIFICANT ACCOUNTING POLICIES:
A.
H$. V`ma H$aZo H$m AmYma
The accompanying financial statements have been prepared

under the historical cost convention, on the accrual basis of
accounting, unless otherwise stated and conform in all material
aspect to Generally Accepted Accounting Principles (GAAP) in
India, which comprise applicable statutory provisions,
regulatory norms/guidelines prescribed by Reserve Bank of
India (RBI), Insurance Regulatory and Development Authority
(IRDA), Companies Act, 1956, Accounting Standards issued by
the Institute of Chartered Accountants of India (ICAI), and the
prevalent accounting practices in India.
gb {dmr` {ddaU, O~ VH$ {H$ A`Wm CboI Zht {H$`m J`m hmo,
Ad{YJV bmJV AmYma Ho$ AZwgma boIm Ho$ moX^dZ AmYma na V`ma {H$E
JE h Ama ^maV _| gm_m`V _m` boImH$aU {gXYmVm| (OrEEnr) Ho$
g^r _hdnyU nhbwAm| Ho$ AZw$n h & BZ {gXYmVm| _| `mo` gm{d{YH$
mdYmZ, ^maVr` [aOd ~H$, ~r_m {d{Z`m_H$ Ed {dH$mg m{YH$aU,
H$nZr A{Y{Z`_, 1956 mam {ZYm[aV {d{Z`m_H$ _mZXS>/{Xem{ZX}e,
^maVr` gZXr boImH$ma gWmZ (AmBgrEAmB) mam Omar boIm _mZH$,
Ama ^maV _| M{bV boIm WmE em{_b h&
B.
I. mH$bZm| H$m `moJ
C.
Basis of Consolidation:
1.
Consolidated financial statements of the Group (comprising

of 29 subsidiaries, 8 Joint Ventures and 25 Associates) have
been prepared on the basis of:
1. g_yh ({Og_| 29 AZwf{J`m, 8 g`wV C_ Ama 25 gh`moJr em{_b h) Ho$

g_o{H$V {dmr` {ddaU [ZZ{b{IV Ho$ AmYma na V`ma {H$E JE h
H$. ^maVr` Q>oQ> ~H$ (_yb H$nZr) Ho$ boIm nar{jV ImVo&
I. ^maVr` gZXr boImH$ma gWmZ Ho$ mam ""g_o{H$V {dmr` {ddaUm|'' Ho$
{bE Omar boIm _mZH$ 21 Ho$ AZwgma g^r AV g_yh ^m{VH$ ~H$m`m/
boZXoZ, Ja-dgybrH$V bm^/hm{Z H$mo AbJ H$aHo$ VWm Ag_$n boIm
Zr{V`m| Ho$ {bE Ohm Amd`H$ hAm h dhm Amd`H$ g_m`moOZ H$aZo Ho$
CnamV AZwf{J`m| H$s AmpV/Xo`Vm/Am`/`` H$m (_yb H$nZr H$s Bht
_Xm| go) H$_e Ajae g_oH$Z {H$`m J`m h&
J.
Use of Estimates
The preparation of financial statements requires the
management to make estimates and assumptions considered
in the reported amounts of assets and liabilities (including
contingent liabilities) as of the date of the financial statements
and the reported income and expenses during the reporting
period. Management believes that the estimates used in the
preparation of the financial statements are prudent and
reasonable. Future results could differ from these estimates.
{dmr` {ddaUm| H$mo V`ma H$aZo _| ~YZ H$mo, {dmr` {ddaUm| H$s {V{W H$mo AmpV`m| Ama Xo`VmAm| (Bg_| AmH$p_H$ Xo`VmE gp_{bV h) H$s gy{MV
am{e`m VWm gyMZm Ad{Y Ho$ XmamZ gy{MV Am` Ed `` _| {V\${bV
mH$bZ Ama nydmZ_w mZ H$aZo H$s Amd`H$Vm hmoVr h & ~YZ H$m `h _mZZm
h {H$ {dmr` {ddaUm| H$mo V`ma H$aZo _| `wV mH$bZ {ddoH$nyU Ama
`Wmo{MV h & ^mdr n[aUm_ BZ mH$bZm| go AbJ hmo gH$Vo h &
J. g_oH$Z H$m AmYma
Basis of Preparation:
g`wV C_m| H$m g_oH$Z ^maVr` gZXr boImH$ma gWmZ Ho$ "g`wV C_m|
_| {hVm| na {dmr` gyMZm go g~{YV boIm _mZH$-27 Ho$ AZwgma "g_mZwnm{VH$
g_oH$Z' {H$`m J`m h&
a.
Audited accounts of State Bank of India (Parent).
b.
Line by line aggregation of each item of asset/liability/

income/expense of the subsidiaries with the respective
item of the Parent, and after eliminating all material intragroup balances/transactions, unrealised profit/loss, and
making necessary adjustments wherever required for
non-uniform accounting policies as per AS 21
Consolidated Financial Statements issued by the ICAI.
c.
Consolidation of Joint Ventures Proportionate

Consolidation as per AS 27 Financial Reporting of
Interests in Joint Ventures of the ICAI.
d.
Accounting for investment in Associates under the

Equity Method as per AS 23 Accounting for Investments
in Associates in Consolidated Financial Statements of the
ICAI.
K. "gh`mo{J`m|' _| {H$E JE {Zdoe H$m boImH$aU "BpdQ>r-nXY{V>' Ho$ AVJV

^maVr` gZXr boImH$ma gWmZ Ho$ ""g_o{H$V {dmr` {ddaUm| _| gh`mo{J`m| _|
{Zdoe hoVw boImH$aU go g~{YV boIm _mZH$ 23 Ho$ AZwgma {H$`m J`m h&
2.
The difference between cost to the group of its investment in

the subsidiary entities and the groups portion of the equity
of the subsidiaries is recognised in the financial statements as
goodwill / capital reserve.
3.
Minority interest in the net assets of the consolidated

subsidiaries consists of:
2. AZwfJr H$n{Z`m| _| g_yh Ho$ {Zdoe H$s bmJV VWm AZwf{J`m| H$s BpdQ>r _| g_yh
Ho$ Ae Ho$ ~rM Ho$ AVa H$mo {dmr` {ddaUm| _| gmI/nyOr Ama{jVr Ho$ $n _|
{XIm`m J`m h&
3. g_o{H$V AZwf{J`m| H$s {Zdb AmpV`m| _| Anme {hV {ZZdV h
H$. {Og {V{W H$mo {H$gr AZwfJr _| {Zdoe {H$`m J`m h, Cg {V{W H$mo Anme
{hV H$s BpdQ>r-am{e, Ama
I. _yb H$nZr Ama AZwfJr Ho$ g~Y Wm{nV hmoZo H$s {V{W go Am` Ama[j{V`mo|/
hm{Z (BpdQ>r) _| Anme-eoà H$m CVma-MT>md&
K. _hdnyU boIm Zr{V`m
1. Am` {ZYmaU
1.1 Bggo A`Wm {H$E JE CboI H$mo N>moS>H$a Am` Ama `` H$mo moX^dZ AmYma
na boIo _| {b`m J`m h& {dXoe pWV H$m`mb`m|/BH$mB`m| Ho$ g~Y _| Am` H$m
C217 K217
a.
The amount of equity attributable to the minority at the

date on which investment in a subsidiary is made, and
b.
The minority share of movements in revenue reserves/

loss (equity) since the date the parent-subsidiary
relationship came into existence.
D.
Significant Accounting Policies
1.
Revenue recognition
1.1 Income and expenditure are accounted on accrual basis,
except otherwise stated. In respect of foreign offices/
218
A{^kmZ Cg Xoe Ho$ WmZr` H$mZyZ Ho$ AZwgma {H$`m J`m h, {mg Xoe _| do
H$m`mb`/ BH$mB`m pWV h &
entities, income is recognised as per the local laws of the

country in which the respective foreign offices/entities
are located.
1.2 {ZZ{b{IV H$mo N>moS>H$a bm^ Ama hm{Z ImVo _| {ZYmaU moX^dZ AmYma
na {H$`m OmVm h (i) A{J_m|, nQ>Q>m| Ama {d{ZYmZm| go g_m{d> AZmH$
AmpV`m| go Am`, {mgH$m {ZYmaU ^maVr` [amd ~H$ / {dXoe pWV
H$m`mb`m| / BH$mB`m| Ho$ _m_bo _| g~{YV Xoe Ho$ {d{Z`m_H$m| (BgHo$ nMmV
gm_y{hH$ $n go {d{Z`m_H$ m{YH$aU H$hbmEJo) mam {ZYm[aV {ddoH$nyU
_mZXS>m| Ho$ AZwgma dgybr AmYma na {H$`m mmVm h, (ii) {d{ZYmZm| H$s
AmdoXZ-am{e na `mm, (iii) {d{ZYmZm| VWm ~Q>Q>mH$V {~bm| na A{VXo`
`mm (iv) n`m So>ardo{Q>g na Am` ""Q>oqS>J'' Ho$ $n _| Zm{_V&
1.2 Interest income is recognised in the Profit and Loss

Account as it accrues except (i) income from nonperforming assets (NPAs), comprising of advances, leases
and investments, which is recognised upon realisation,
as per the prudential norms prescribed by the RBI/
respective country regulators in case of foreign offices/
entities (hereafter collectively referred to as Regulatory
Authorities), (ii) interest on application money on
investments (iii) overdue interest on investments and bills
discounted, (iv) Income on Rupee Derivatives designated
as Trading.
1.3 {d{ZYmZm| H$s {~H$s na hmoZo dmbo bm^ `m hm{Z H$mo bm^ Ed hm{Z ImVo _|
{b`m J`m h, VWm{n, "n[andVm VH$ aIo JE' loUr Ho$ {d{ZYmZm| H$s {~H$s
na hmoZodmbo bm^ H$mo `mo` H$am| Ama "nyOr Ama{jV ImVo' _| gm{d{YH$
Ama{jV {Z{Y hoVw AV[aV H$s OmZo dmbr Amd`H$ am{e H$mo KQ>mZo Ho$ ~mX
g_m`mo{OV {H$`m J`m h&
1.4 {dm nQ>Q>m| go hB Am` H$m n[aH$bZ mW{_H$ nQ>Q>m Ad{Y Ho$ {bE nQ>Q>o H$s
~H$m`m {Zdb {d{ZYmZ H$s am{e na nQ>Q>o H$s `mm Xa H$m Cn`moJ H$aHo$
{H$`m J`m h& 01 Ab, 2001 go ^mdr nQ>Q>m| H$mo nQ>Q>o _| {Zdb {d{ZYmZ
Ho$ g_mZ am{e Ho$ A{J_ Ho$ $n _| boIo _| {b`m J`m h & nQ>Q>m {H$am`m| H$m _yb
am{e Ama {dm Am` _| ^mmZ {dm nQ>Q>m| go g~ ~H$m`m {Zdb mdYmZm|
Ho$ {Z`V Amd{YH$ {V\$b Ho$ namdVu d$n Ho$ AmYma na {H$`m J`m h& _yb
am{e H$m Cn`moJ nQ>Q>o _| {Zdb {d{ZYmZ am{e H$mo KQ>mZo Ho$ {bE {H$`m J`m h
Ama {dm Am` H$mo `mm Am` Ho$ $n _| [anmoQ> {H$`m J`m h&
1.5 ""n[andVm VH$ aIo JE'' loUr _| {d{ZYmZ na Am` (`mm H$mo N>moS>H$a)
H$m A{H$V _y` H$s VwbZm _| ~Q>Q>mH$V _y` na {ZZmZwgma {ZYmaU {H$`m
J`m h :
i.
`mm-m H$aZo dmbr {V^y{V`m| Ho$ gX^ _| Bgo {~H$s / emoYZ Ho$
g_` {ZYmaU {H$`m J`m h&
ii. ey`-Hy$nZ {V^y{V`m| na, Bgo {V^y{V H$s eof Ad{Y Ho$ {bE {Z`V
Am` AmYma na boIo _| {b`m J`m h&
1.6 mhm bm^me m H$aZo H$m A{YH$ma {g hmoVm h dhm bm^me H$mo moX^dZ
AmYma na boIo _| {b`m J`m h&
1.7 (i) AmW{JV ^wJVmZ Jma{Q>`m| na JmaQ>r H$_reZ H$m AmH$bZ JmaQ>r H$s
nyar Ad{Y Ho$ {bE {H$`m J`m h Ama (ii) gaH$mar `dgm` na H$_reZ H$m
{ZYmaU moX^dZ AmYma na {H$`m J`m h& BZ XmoZm| H$mo N>moS>H$a A` g^r
H$_reZ Ama ewH$ - Am` H$m {ZYmaU dgybr Ho$ ~mX {H$`m J`m h&
1.8 {deof Jh F$U `moOZm ({Xg~a 2008 go OyZ 2009) Ho$ AVJV ^wJVmZ
{H$`m J`m EH$ ~maJr ~r_m r{_`_ F$U H$s 15 dfm] H$s AmgV Ad{Y
_| n[aemo{YV {H$`m J`m h&
1.3 Profit or Loss on sale of investments is recognised in the

Profit and Loss Account, however the profit on sale of
investments in the Held to Maturity category is
appropriated net of applicable taxes and amount required
to be transferred to statutory reserve to Capital Reserve
Account.
1.4 Income from finance leases is calculated by applying the
interest rate implicit in the lease to the net investment
outstanding in the lease, over the primary lease period.
Leases effective from April 1, 2001 are accounted as
advances at an amount equal to the net investment in
the lease. The lease rentals are apportioned between
principal and finance income based on a pattern reflecting
a constant periodic return on the net investment
outstanding in respect of finance leases. The principal
amount is utilized for reduction in balance of net
investment in lease and finance income is reported as
interest income.
1.5 Income (other than interest) on investments in Held to
Maturity (HTM) category acquired at a discount to the
face value, is recognised as follows :
i.
On Interest bearing securities, it is recognised only

at the time of sale/ redemption.
ii.
On zero-coupon securities, it is accounted for over

the balance tenor of the security on a constant yield
basis.
1.6 Dividend is accounted on an accrual basis where the right

to receive the dividend is established.
1.7 All other commission and fee incomes are recognised on
their realisation except for (i) Guarantee commission on
deferred payment guarantees, which is spread over the
period of the guarantee and (ii) Commission on
Government Business, which is recognised as it accrues.
1.8 One time Insurance Premium paid under Special Home
Loan Scheme (December 2008 to June 2009) is amortised
over average loan period of 15 years.
1.9 Ja-~qH$J BH$mB`m

_MoQ> ~qH$J
H$. JmhH$ Ho$ gmW hE H$ama Ho$ AZwgma {ZJ_-~YZ Ama nam_e ewH$
H$mo em{_b {H$`m J`m h&
I. gwnwX {Z`V-H$m` Ho$ nyam hmoZo Ho$ ~mX {ZOr {Z`moOZ ewH$ H$mo em{_b
{H$`m J`m h&
J.
gmdO{ZH$ {ZJ_m| go g~{YV hm_rXmar-H$_reZ H$mo gmdO{ZH$ {ZJ_

Ho$ Am~Q>Z H$s {H$`m Ho$ nyU hmoZo Ho$ nMmV boIo _| {b`m J`m h&
C218 K218
1.9 Non-banking entities

Merchant Banking:
a.
Issue management and advisory fees are recognised

as per the terms of agreement with the client.
b.
Fees for private placement are recognised on

completion of assignment.
c.
Underwriting commission relating to public issues is
219
K. gmdO{ZH$ {ZJ_/`yMwAb \$S>/A` {V^y{V`m| go g~{YV Xbmbr

Am` H$mo JmhH$m|/{~Mm{b`m| go am{e Ama gyMZm mV hmoZo Ho$ ~mX boIo
_| {b`m J`m h&
L>
eoà Xbmbr H$m`H$bmn go g~{YV Xbmbr Am` H$mo boZXoZ H$aZo H$s
{V{W na em{_b {H$`m J`m h Ama Cg_| Q>mn ewH$ Ed boZXoZ g~Yr
`` em{_b h&
accounted for on finalisation of allotment of the

public issue.
d.
Brokerage income relating to public issues/mutual

fund/other securities is accounted for based on
mobilisation and intimation received from clients/
intermediaries.
e.
Brokerage income in relation to stock broking activity

is recognized on the trade date of transactions and
includes stamp duty and transaction charges.
AmpV ~YZ
H$. g~{YV `moOZmAm| _|o gh_V {d{eQ> Xam| na ~YZ ewH$ H$mo Am` _|
em{_b {H$`m J`m h& BZ Xam| H$mo òH$ `moOZm H$s {Zdb AmpV Ho$
X{ZH$ AmgV AmYma na bJm`m J`m h (Bg_| Ohm bmJy hmo AVa`moOZm {d{ZYmZ Ama g~{YV `moOZmAm| _| H$nZr mam {H$E JE
{d{ZYmZm| H$mo Zhr em{_b {H$`m J`m h) Ama `h go~r (`yMwAb\$S>) {d{Z`_ 1996 mam {ZYm[aV gr_mAm| Ho$ AZw$n h&
I. g{dXm eVm} Ho$ AZwgma, g{d^mJ gbmhH$mar godmAm| go mV Am` H$mo
moX^dZ AmYma na em{_b {H$`m J`m h&
J. `m^yV KmQ>m-`moOZmAm| go hmoZo dmbr dgybr, {Ogo nhbo ``
_mZm J`m Wm. H$mo m{V Ho$ df _| Am` Ho$ $n _| _mZm J`m h&
K. `moOZm `` {ZYm[aV Xam| go A{YH$ `moOZm ``m| H$mo bm^ Ama hm{Z
ImVo _| em{_b {H$`m J`m h&
L>
{VWmnZ A{YH$ma Ho$ AVJV H$nZr mam A{^JhrV `moOZmAm| Ho$

AV[aV {Zdoem| H$s dgybr m{V AmYma na boIo _| br JB h&
Ho${S>Q> H$mS> n[aMmbZ

H$. gX`Vm JhU ewH$ VWm W_ dm{fH$ ewH$ H$mo EH$ df H$s Ad{Y
Ho$ {bE {ZYm[aV {H$`m J`m h `m|{H$ `h `mXm gQ>rH$ T>J go Cg
Ad{Y H$mo XemVr h, {Oggo ewH$ g~{YV h&
I. {d{Z_` Am` H$mo modZ AmYma na {hgm~ _o {b`m J`m h&
J.
g^r A` godm ewH$ g~{YV boZXoZ Ho$ g_` XO {H$E JE h&
\$Q>[aJ
AZOH$ n[agn{m`m|, Ohm dgybr hmoZo na Am` H$mo {hgm~ _| {b`m OmVm h, Ho$
_m_bo H$mo N>moS>H$a \$Q>[aJ godm ewH$m| H$mo modZ AmYma na {hgm~ _o
{b`mh& H$nZr mam \$Q>[aJ/{dmr`Z gr_mAm| H$s drH${V Ho$ ~mX {H$`m
ewH$ moX^yV hmoVo h&
OrdZ ~r_m
H$. nm{bgr YmaH$m| go Xo` hmoZo na, OrdZ ~r_m r{_`_ (godmH$a H$mo
KQ>mZo Ho$ ~mX) H$mo Am` Ho$ $n _| {b`m OmVm h& H$mbmVrV
nm{b{g`m| H$mo O~ VH$ nwZd{VV Zht {H$`m OmVm, V~ VH$ Eogr
nm{b{g`m| Ho$ dgyb Z {H$E JE r{_`_ H$mo {hgm~ _| Zht {b`m
OmVm h& g~X>Y> `dgm` Ho$ _m_bo _| Egmo{gEQ>oS> BH$mB`m| Ho$
Am~Q>Z Ho$ g_` r{_`_ Am` H$m {ZYmaU {H$`m OmVm h&
I. nwZ~u_m na mV r{_`_ H$mo nwZ~u_mH$Vm Ho$ gmW hB g{Y AWdm
gm{VH$ `dWm H$s eVm] Ho$ AZwgma {hgm~ _| {b`m OmVm h&
J.
_`w go g~{YV OrdZ ~r_m Xmdm| H$s gyMZm mV hmoZo na Cho

{hgm~ _| {b`m OmVm h& df Ho$ AV VH$ H$s gyMZmAm| na Eogo
C219 K219
Asset Management:
a. Management fee is recognised at specific rates
agreed with the relevant schemes, applied on the
average daily net assets of each scheme (excluding
inter-scheme investments, where applicable, and
investments made by the company in the respective
scheme) and are in conformity with the limits
specified under SEBI (Mutual Funds) Regulations,
1996.
b. Portfolio Advisory Service income is recognised on
accrual basis as per the terms of the contract.
c. Recovery from guaranteed schemes of deficit earlier
recognised as expense is recognised as income in the
year of receipt.
d. Scheme Expenses: Expenses of schemes in excess of
the stipulated rates are charged to the Profit and Loss
Account.
e. Recovery, if any, on realisation of devolved
investments of schemes acquired by the company
in terms of right of subrogation is accounted on the
basis of receipts.
Credit Card Operations:
a. Joining membership fee and first annual fee have
been recognised over a period of one year as they
more closely reflects the period to which the fee
relate to.
b.
Interchange income is recognised on accrual basis.
c.
All other service fees are recorded at the time of

occurrence of the respective transaction.
Factoring:
Factoring service charges are accounted on accrual
basis except in the case of non-performing assets,
where income is accounted on realisation. Processing
charges are accrued upon acceptance of sanction of
the factoring /financing limits by the Company.
Life Insurance:
a. Premium (net of service tax) is recognized as income
when due from policyholders. Uncollected premium
from lapsed policies is not recognised as income until
such policies are revived. In respect of linked
business, premium income is recognised when the
associated units are allotted.
b.
Premium ceded on reinsurance is accounted in

accordance with the terms of the treaty or inprinciple arrangement with the Re-Insurer.
c.
Claims by death are accounted when intimated.

Intimations upto the end of the year are considered
220
for accounting of such claims. Claims by maturity are

accounted on the policy maturity date. Annuity
benefits are accounted when due. Surrenders are
accounted as and when notified. Claims cost consist
of the policy benefit amounts and claims settlement
costs, where applicable. Amounts recoverable from
re-insurers are accounted for in the same period as
the related claims and are reduced from claims.
Xmdm| H$s JUZm Ho$ {bE [dMma {H$`m OmVm h& n[andVm go g~{YV
Xmdm| H$mo nm{bgr H$s n[andVm {V{W H$mo {hgm~ _| {b`m OmVm
h& dm{fH$ bm^m| H$s JUZm Cg g_` H$s OmVr h, O~ do Xo`
hmoVo h& A`nUm| H$mo A{Ygy{MV {H$E OmZo na {hgm~ _| {b`m
OmVm h& Ohm `mo` hmo, Xmdm-`` _| nm{bgr bm^ Ed Xmdm
{ZnQ>mZ `` em{_b hmoVo h& nwZ~u_mH$VmAm| go dgyb H$s OmZo
dmbr am{e`m| H$mo g~{YV Xmdm| H$s Ad{Y Ho$ {bE {hgm~ _| {b`m
OmVm h Ama Ch| Xmdm| go KQ>m`m OmVm h&
d.
K. H$_reZ Ogo A{^JhU IM, {M{H$gm ewH$ Am{X Eogo IM h Omo

_w` $n go ZE Ed ZdrH$V ~r_m g{dXmAm| Ho$ A{^JhU go g~{YV
hmoVo h Ama BZH$m ^wJVmZ `` Ho$ g_` hr H$a {X`m OmVm h&
Acquisition costs such as commission; medical fees

etc. are costs that are primarily related to the
acquisition of new and renewal insurance contracts
and are expensed as and when incurred.
e.
Liability for life policies: The actuarial liability of all

the life insurance policies has been calculated by the
appointed actuary as per the guidelines prescribed
by the Institute of Actuaries of India.
S>. ~r_m nm{b{g`m| Ho$ {bE Xo`Vm g^r OrdZ ~r_m nm{b{g`m| H$s
~r_m{H$H$ Xo`Vm H$s JUZm- BQ>rQ>`yQ> Am\$ EMyAarO Am\$ B{S>`m
mam {ZYm[aV {Xem {ZX}em| Ho$ AZwgma -{Z`wV {H$E JE ~r_mH$ZH$Vm
mam H$s OmVr h&
General Insurance:
a.
Premium (net of service tax), including reinstatement

premium, on direct business and reinsurance
accepted, is recognized as income over the contract
period or the period of risk, whichever is appropriate,
on gross basis under 1/365 method. Any subsequent
revision to premium is recognized over the remaining
period of risk or contract period. Adjustments to
premium income arising on cancellation of policies
are recognised in the period in which it is cancelled.
b.
Commission received on reinsurance ceded is

recognised as income in the period in which
reinsurance risk is ceded. Profit commission under
re-insurance treaties, wherever applicable, is
recognized as income in the year of final
determination of the profits as intimated by
Reinsurer and combined with commission on
reinsurance ceded.
c.
In respect of proportional reinsurance ceded, the

cost of reinsurance ceded is accrued at the
commencement of risk. Non-proportional
reinsurance cost is recognized when due. Any
subsequent revision to, refunds or cancellations of
premiums is recognized in the period in which they
occur.
d.
Acquisition costs such as commission, policy issue

expenses etc. are costs that are primarily related to
the acquisition of new and renewal insurance
contracts and are expensed in the period in which
they are incurred.
e.
Claim is recognized as and when a loss occurrence

is reported. Provision for claims outstanding payable
as on the date of Balance Sheet is net of reinsurance,
salvage value and other recoveries as estimated by
the management.
f.
Provision in respect of claim liabilities that may have

been incurred during an accounting period but not
reported or claimed (IBNR) or not enough reported
(i.e reported with information insufficient for making
a reasonable estimate of likely claim amount) (IBNER)
before the end of the accounting period, is the
amount determined by the Appointed Actuary/
Consulting Actuary based on actuarial principles in
gmYmaU ~r_m
H$. `j `dgm` Ama drH$V nwZ~u_m na mV r{_`_ (nwZ{Z`moOZ r{_`_
g{hV) H$mo godm H$a KQ>mZo Ho$ ~mX 1/365 nXY{V Ho$ AZwgma gH$b AmYma
na g{dXm Ad{Y `m Omo{I_ Ad{Y, Omo ^r Cn`wV hmo, _| Am` Ho$ $n
_| {XIm`m J`m h& r{_`_ _| hmoZo dmbo A` AZwdVu gemoYZ H$mo eof Omo{I_
Ad{Y `m g{dXm Ad{Y Ho$ r{_`_ Ho$ $n _| {XIm`m J`m h& nm{b{g`m|
Ho$ aXX hmoZo go r{_`_ Am` _| hmoZodmbo g_m`moOZm| H$mo Cg Ad{Y _| {XIm`m
J`m h {Og_| dh aXX H$s JB h&
I. ~X H$s JB nwZ~u_m na mV H$_reZ H$mo Cg Ad{Y _| Am` Ho$ $n _| {XIm`m
J`m h {Og Ad{Y _| nwZ~u_m Omo{I_ ~X H$s JB h& nwZ~u_m g{Y`m| Ho$
AVJV bm^ H$_reZ, Ohm H$ht bmJy hmo, H$mo bm^ Ho$ A{V_ {ZYmaU dmbo
df _| Am` Ho$ $n _| {XIm`m J`m h, {Og H$ma nwZ~u_mH$Vm mam gy{MV
{H$`m J`m h Ama Cgo ~X H$s JB nwZ~u_m na mV H$_reZ Ho$ gmW aIm
J`m h&
J.
~X H$s JB AmZwnm{VH$ nwZ~u_m nm{bgr Ho$ g~Y _|, ~X H$s JB nwZ~u_m

nm{bgr H$s bmJV Omo{I_ H$s ewAmV hmoZo Ho$ AmYma na Cn{MV hB h&
Ja-AmZwnm{VH$ nwZ~u_m bmJV H$mo Xo` hmoZo Ho$ g_` {XIm`m J`m h& A`
H$moB AZwdVu gemoYZ hmoZo na, r{_`_m| H$mo dmng `m {ZaV H$aZo H$mo Cg
Ad{Y _| {XIm`m J`m h {Og_| dh Xo` hmoVm h&
K. A{YJhU bmJV| Ogo H$_reZ, nm{bgr {ZJ_ `` Am{X Eogr bmJV| h Omo
_w` $n go ZE Ed ZdrH$aU `dgm` g{dXmAm| Ho$ A{YJhU go g~{YV
h Ama Cg Ad{Y _| `` H$s JB h {Og_| do CnpWV hB h&
L>. Xmdo H$mo ZwH$gmZ hmoZo H$s gyMZm mV hmoZo na {XIm`m J`m h& VwbZ n
H$mo Xo` ~H$m`m Xmdm| go g~{YV mdYmZ _| go nwZ~u_m, Ad{eQ> _y` Ama
~YZ mam AZw_m{ZV A` dgy{b`m| H$mo KQ>m`m J`m h&
M. Xmdm g~Yr Xo`VmE Omo {H$gr boIm {OZHo$ {bE Cn{MV hmo JB h naVw {Ogo
boIm Ad{Y H$s g_mpV go nyd gy{MV `m Xmdm Zht {H$`m J`m h
(AmB~rEZAma) `m n`mV $n go gy{MV Zht H$s JB h (AWmV Bg {Q>nUr
Ho$ gmW gy{MV H$s JB {H$ g^m{dV Xmdm am{e H$m EH$ C{MV AZw_mZ bJmZo
Ho$ {bE gyMZm An`mV Ho$ gmW gy{MV H$s JB h (AmB~rEZBAma) go
g~{YV mdYmZ dh am{e h Omo AmBAmaS>rE H$s gh_{V go ^maVr`
~r_m{H$H$ gmogm`Q>r mam Omar _mJXeu {Q>n{U`m| Ama Bg g~Y _|
C220 K220
221
accordance with the Guidance Notes issued by the

Actuarial Society of India with the concurrence of
the IRDA and any directions issued by IRDA in this
respect.
AmBAmaS>rE mam Omar A` {ZX}em| Ho$ AZwgma ~r_m{H$H$ {gXYmVm| Ho$ AmYma
na {Z`wV ~r_mH$ZH$Vm/nam_eu ~r_mH$ZH$Vm mam {ZYm[aV H$s JB h&
A{âjm Ed g~ godmE
Custodial & related services:
Am` H$m {ZYmaU Cg gr_m VH$ {H$`m J`m h {H$ H$nZr H$mo Am{WH$ bm^
mV hmoZo H$s g^mdZm h Ama Bg Am` H$m {ddmgnydH$ _mnZ {H$`m Om
gHo$Jm&
The revenue is recognised to the extent that it is

probable that the economic benefits will flow to the
company and the revenue can be reliably measured.
n|eZ {Z{Y n[aMmbZ :
Pension Fund Operation:
~YZ ewH$ H$mo H$nZr Ama EZnrEg `m{g`m| Ho$ ~rM hE {Zdoe ~YZ
H$ama (AmBE_E) Ho$ AZwgma V`ma H$s JB g~X>Y `moOZmAm| _| {Z{XQ>
gh_V Xam| na moX>^yV AmYma na em{_b {H$`m J`m h& Ohm H$ht godm H$a
H$s dgybr H$s JB, dhm Am` _| godm H$a H$mo em{_b Zht {H$`m J`m h&
Management fees is recognized at specified rates

agreed with the relevant schemes calculated as per
the Investment Management Agreement (IMA)
entered into between the Company and NPS
Trustees, on accrual basis. Revenue excludes Service
Tax, wherever recovered.
`yMwAb \$S> `mgr n[aMmbZ :
Mutual Fund Trustee Operation:
`mgYm[aVm ewH$m|/~YZ ewH$m| H$mo H$n{Z`m| Ho$ ~rM hB g{dXm H$s

g~{YV eVm} Ho$ AZwgma moX>^dZ AmYma na em{_b {H$`m J`m h&
Trusteeship fees / management fees are recognised

on an accrual basis in accordance with the respective
terms of contract between the Companies.
2. {d{ZYmZ
gaH$mar {V^y{V boZXoZ 31.12.2010 VH$, "H$`-{dH$` H$s${V{W' H$mo Ama
01.01.2011 go "g_mYmZ {V{W' H$mo XO {H$E JE h& gaH$mar {V^y{V`m| H$mo
N>moS>H$a {d{ZYmZ "H$`-{dH$` {V{W' H$mo XO {H$E JE h&
2.1 dJuH$aU
{d{ZYmZm| H$mo 3 lo{U`m| `Wm - "n[andVm VH$ aIo JE', "{dH$` Ho$ {bE
CnbY' Ama "`dgm` Ho$ {bE aIo JE' _| dJuH$V {H$`m J`m h&
2.
Investments
The transactions in Government Securities are recorded on
Trade Date upto 31.12.2010 and on Settlement Date with
effect from 01.01.2011. Investments other than Government
Securities are recorded on Trade Date.
2.1 Classification
Investments are classified into three categories, viz. Held
to Maturity (HTM), Available for Sale (AFS) and Held for
Trading (HFT)
2.2 dJuH$aU H$m AmYma :

i.
CZ {d{ZYmZm| H$mo "n[andVm VH$ aIo JE' loUr Ho$ AVJV dJuH$V {H$`m
J`m h, {mh| ~H$ mam n[andVm VH$ aIm mmVm h&
2.2 Basis of classification:
ii. CZ {d{ZYmZm| H$mo "`dgm` Ho$ {bE aIo JE' loUr Ho$ AVJV dJuH$V
{H$`m J`m h, {mh| H$` {V{W go 90 {XZm| Ho$ ^rVa {gmVV: nwZ{dH$`
hoVw aIm mmVm h&
iii. {mZ {d{ZYmZm| H$mo Cn`wV Xmo lo{U`m| _| dJuH$V Zht {H$`m J`m h, Ch|
"{dH$` Ho$ {bE CnbY' loUr Ho$ $n _| dJuH$V {H$`m J`m h&
i.
Investments that the Bank intends to hold till

maturity are classified as Held to Maturity.
ii.
Investments that are held principally for resale within

90 days from the date of purchase are classified as
Held for Trading.
iii. Investments, which are not classified in the above

two categories, are classified as Available for Sale.
iv. òH$ {d{ZYmZ H$mo BgHo$ H$` Ho$ g_` "n[andVm VH$ aIo JE',
"{dH$` Ho$ {bE CnbY' `m "`dgm` Ho$ {bE aIo JE' lo{U`m| _|
dJuH$V {H$`m J`m h Ama CgHo$ nMmV lo{U`m| _| nana n[adVZ
{d{Z`m_H$ {Xem{ZX}em| Ho$ AZw$n {H$`m J`m h&
iv.
An investment is classified as Held to Maturity,

Available for Sale or Held for Trading at the time of
its purchase and subsequent shifting amongst
categories is done in conformity with regulatory
guidelines.
2.3 _y`Z :
2.3 Valuation:
H$. ~qH$J `dgm`
A.
i.
{H$gr {d{ZYmZ H$s A{^JhU bmJV H$m {ZYmaU H$aZo _|

H$. A{^XmZm| na mV Xbmbr / H$_reZ H$mo bmJV _| go KQ>m {X`m
J`m h&
Banking Business
i.
In determining the acquisition cost of an investment:

a.
Brokerage/commission
received
subscriptions is reduced from the cost.
b.
Brokerage, commission, securities transaction

tax, etc. paid in connection with acquisition of
investments are expensed upfront and excluded
from cost.
c.
Broken period interest paid / received on debt

instruments is treated as interest expense/
income and is excluded from cost/sale
consideration.
I. {d{ZYmZm| Ho$ A{^JhU Ho$ g~Y _| Xm Xbmbr, H$_reZ, {V^y{V

boZXoZ H$a Am{X H$m Cgr g_` `` H$a {X`m J`m h Ama Bh|
bmJV _| em{_b Zht {H$`m J`m h &
J.
F$U {bIVm| na I{S>V Ad{Y Ho$ {bE Xm/mV `mm H$mo

`mO `` / Am` _X Ho$ $n _| _mZm J`m h Ama Bh| bmJV/
{~H$s {V\$b _| em{_b Zht {H$`m J`m h&
C221 K221
on
222
d.
K. EE\$Eg Ama EME\$Q>r loUr Ho$ AVJV {Zdoe H$s bmJV H$m
{ZYmaU g_yh BH$mB`m| H$s ^m[aV AmgV bmJV Umbr Ho$ AmYma
na Ama EMQ>rE_ loUr Ho$ AVJV {Zdoem| H$s bmJV H$m {ZYmaU
Eg~rAmB mam (nhbo AmE nhbo OmE) AmYma na Ama A`
g_yh BH$mB`m| mam ^m[aV AmgV bmJV Umbr Ho$ AmYma na
{H$`m J`m h&
Cost of investment under AFS and HFT category

is determined at the weighted average cost
method by the group entities and cost of
investments under HTM category is determined
on FIFO basis (first in first out) by SBI and
weighted average cost method by other group
entities.
ii. CnamoV VrZ lo{U`m| _| {V^y{V Ho$ AVaU H$mo AVaU H$s {V{W H$mo
`yZV_ A{^JhU bmJV/~hr _y`/~mmma _y` Ho$ AZwgma boIo _|
{b`m J`m h, Ama Eogo AVaU na hE _y`mg, `{X hmo Vmo, H$m mdYmZ
{H$`m J`m h &
ii.
iii. ammd {~bm| Ama dm{Up`H$ nm| H$m _y`Z aImd-bmJV AmYma na
{H$`m J`m h &
iii. Treasury Bills and Commercial Papers are valued at

carrying cost.
iv. n[andVm VH$ aIo JE loUr : n[andVm VH$ aIo JE loUr Ho$
AVJV {Zdoe O~ VH$ A{H$V _y` go A{YH$ Z hmo, A{^JhU
bmJV AmYma na {bE JE h {Og_| r{_`_ H$m n[aemoYZ Wm`r
bmJV AmYma na eof n[andVm Ad{Y _| {H$`m J`m h& Eogo r{_`_
Ho$ n[aemoYZ H$mo "{d{ZYmZm| na `mO' erf Ho$ AVJV Am` Ho$ {V
g_m`mo{OV {H$`m J`m h& jor` Jm_rU ~H$m| _| {H$E JE {d{ZYmZm|
H$m _y`Z ^maVr` gZXr boImH$ma gWmZ Ho$ boIm _mZH$-23 Ho$
AZwgma BpdQ>r bmJV na {H$`m J`m h& AWm`r {Zdoem| H$mo N>mo S>H$a
òH$ {Zdoe hoVw nWH$ - nWH$ $n go mg Ho$ {bE mdYmZ {H$`m
J`m h&
iv.
Held to Maturity category: Investments under Held

to Maturity category are carried at acquisition cost
unless it is more than the face value, in which case
the premium is amortised over the period remaining
maturity on constant yield basis. Such amortisation
of premium is adjusted against income under the
head interest on investments. Investments in
Regional Rural Banks (RRBs) are valued at equity cost
determined in accordance with AS 23 of the ICAI.A
provision is made for diminution, other than
temporary, for each investment individually.
v.
Available for Sale and Held for Trading categories:

Investments held under AFS and HFT categories are
individually revalued at the market price or fair value
determined as per Regulatory guidelines, and only
the net depreciation of each group for each category
is provided for and net appreciation, is ignored. On
provision for depreciation, the book value of the
individual securities remains unchanged after
marking to market.
v.
{dH$` Ho$ {bE CnbY VWm `dgm` Ho$ {bE aIr JB lo{U`m :
E E\$ Eg Ama EM E\$ Q>r lo{U`m| _| aIo JE {d{ZYmZm| H$m nWH$-nWH$
$n go ~mOma _y` `m {d{Z`m_H$ {Xem-{ZX}em| Ho$ AZwgma {ZYm[aV
C{MV _y` Ho$ AmYma na nwZ_y`Z {H$`m J`m h, Ama òH$ loUr Ho$
{bE Ho$db {Zdb _y`mg hoVw nmdYmZ {H$`m J`m h VWm {Zdb
_y`dX{Y H$mo boIo _| Zht {b`m J`m h& _y`mg Ho$ {bE mdYmZ hmoZo
na, ~mOma Ho$ {bE AbJ H$aZo Ho$ ~mX òH$ {V^y{V H$m _y`
An[ad{VV ahm&
vi. {H$gr AmpV nwZ{Z_mU H$nZr mam mmar {V^y{V agrXm| H$m _y`Z
Ja-gm{d{YH$ Mb{Z{Y AZwnmV (ZmZ-EgEbAma) {bIVm| na bmJy
{Xem-{ZX}em| Ho$ AZwgma {H$`m J`m h & VXZwgma, CZ _m_bm| _| Ohm
AmpV nwZ{Z_mU H$nZr mam mmar {V^y{V agrX Vg~ `momZm Ho$
{bIVm| Ho$ {bE Am~{Q>V {dmr` AmpV`m| H$s dmV{dH$ dgybr VH$ hr
gr{_V h, dhm AmpV nwZ{Z_mU H$nZr go mV {Zdb AmpV _y` Ho$
AmYma na Eogo {d{ZYmZm| H$m _y`Z {H$`m J`m h&
vii. Xoer H$m`mb`m| Ho$ g~Y _| ^maVr` [amd ~H$ Ho$ VWm {dXoe pWV
H$m`mb`m| Ho$ g~Y _| Cg Xoe Ho$ {d{Z`m_H$m| Ho$ {Xem-{ZX}em| Ho$
AmYma na {d{ZYmZm| H$mo AmH$ Ama AZmH$ lo{U`m| _| {d^mpmV
{H$`m J`m h& Xoer H$m`mb`m| Ho$ {d{ZYmZ {ZZ{b{IV pW{V`m| _|
AZmH$ hmo mmVo h :
H$. `mm/{H$V (n[andVm am{e g{hV) Xo` h Ama `h 90 {XZm| go
A{YH$ Ad{Y go ~H$m`m h&
I. B { dQ> r eo ` am| Ho $ g ~ Y _| , mhm AVZ Vw b Zn H$s
AZwnbYVm Ho$ H$maU {H$gr H$nZr Ho$ eoàm| H$mo `1 {V H$nZr
_y` XmZ {H$`m J`m h - Eogo B{dQ>r eoàm| H$mo AZmH$
{d{ZYmZ _mZm mmEJm &
J. `{X mmarH$Vm mam br JB H$moB F$U-gw{dYm ~H$ - ~hr _|
AZmH$ AmpV hmo JB h, Vmo Eogr pW{V _| Cgr mmarH$Vm mam
C222 K222
The transfer of a security amongst the above three

categories is accounted for at the least of acquisition
cost/book value/market value on the date of transfer,
and the depreciation, if any, on such transfer is fully
provided for.
vi. Security receipts issued by an asset reconstruction

company (ARC) are valued in accordance with the
guidelines applicable to non-SLR instruments.
Accordingly, in cases where the security receipts
issued by the ARC are limited to the actual realisation
of the financial assets assigned to the instruments
in the concerned scheme, the Net Asset Value,
obtained from the ARC, is reckoned for valuation of
such investments.
vii. Investments are classified as performing and nonperforming, based on the guidelines issued by the
RBI in case of domestic offices/entities and respective
regulators in case of foreign offices/entities.
Investments of domestic offices become nonperforming where:
a.
Interest/instalment (including maturity

proceeds) is due and remains unpaid for more
than 90 days.
b.
In the case of equity shares, in the event the

investment in the shares of any company is
valued at `1 per company on account of the non
availability of the latest balance sheet, those
equity shares would be reckoned as NPI.
c.
If any credit facility availed by the issuer is NPA

in the books of the bank, investment in any of
223
the securities issued by the same issuer would

also be treated as NPI and vice versa.
mmar {H$gr ^r {V^y{V _| {d{ZYmZ H$mo Ama mmarH$Vm mam

{d{ZYmZ H$mo AZmH$ {d{ZYmZ _mZm mmEJm &
K. Cn`w V, eV Amd`H$ n[adVZm| Ho$ gmW CZ A{Y_mZr eoàm| na
^r bmJy hmoJr, mhm {ZYm[aV bm^me H$m ^wJVmZ Zht {H$`m J`m h &
L>
Eogo {S>~M
| am|/~mS>m| _| {d{ZYmZ {Oh| A{J_ H$s H${V Ho$ {d{ZYmZ
_mZm OmVm h, CZ na AZmH$ {d{ZYmZ Ho$ dhr _mZXS> bJ|Jo mmo
{d{ZYmZm| na bmJy hmoVo h &
M. {dXoer H$m`mb`m| Ho$ AZmH$ {d{ZYmZm| Ho$ g~Y _| mdYmZWmZr` {d{Z`_m| AWdm ^maVr` [amd ~H$ Ho$ _mZXS>m| _| go
mmo A{YH$ hmo, CgHo$ AZwgma {H$`m J`m h &
viii. aonmo / [adg aonmo boZXoZ Ho$ {bE boIm Umbr (^maVr` [aOd
~H$ H$s Mb{Z{Y g_m`moOZ gw{dYm (EbEE\$) Ho$ AVJV AmZo
dmbo boZXoZ H$mo N>moS>H$a)
(H$)
d.
The above would apply mutatis-mutandis to

preference shares where the fixed dividend is
not paid.
e.
The investments in debentures/bonds, which

are deemed to be in the nature of advance, are
also subjected to NPI norms as applicable to
investments.
f.
In respect of foreign offices, provisions for non

performing investments are made as per the
local regulations or as per the norms of RBI,
whichever is higher.
viii. Accounting for Repo/ reverse repo transactions

(other than transactions under the Liquidity
Adjustment Facility (LAF) with the RBI)
ao n mo / [adg ao n mo Ho $ A V J V ~o M r/IarXr JB {V^y { V`m| H$mo

gnmpdH$ F$Umd`Z Ama CYma XoZo g~Yr boZXoZ Ho$ $n _|
boIo _| {b`m J`m h& VWm{n, {V^y{V`m| H$m AVaU gm_m`
EH$_wV {dH$`/H$` boZXoZ H$s Vah {H$`m J`m h Ama {V^y{V`m|
Ho$ _y` Ho$ Eogo KQ>-~T> H$mo aonmo/[adg aonmo ImVm| Ama {V{d{> H$m Cn`moJ H$aVo hE Xem`m J`m h& Cn`wV {dpQ>`m|
H$mo n[andVm H$s {V{W H$mo {Vd{VV {H$`m J`m h Ama Am` H$mo
`mO ``/Am` Ho$ $n _| Ogr ^r pW{V hmo, boIo _| {b`m J`m
h& aonmo ImVo Ho$ eof H$mo AZwgyMr-4 (CYm[a`m) Ama [adg aonmo
ImVo Ho$ eof H$mo AZwgyMr-7 (~H$mo _| O_m Ama _mJ Ed An
gyMZm na m` am{e) Ho$ AVJV dJuH$V {H$`m J`m h&
(a) The securities sold and purchased under Repo/

Reverse repo are accounted as Collateralized lending
and borrowing transactions. However securities are
transferred as in case of normal outright sale/
purchase transactions and such movement of
securities is reflected using the Repo/Reverse Repo
Accounts and Contra entries. The above entries are
reversed on the date of maturity. Costs and revenues
are accounted as interest expenditure/income, as the
case may be. Balance in Repo A/c is classified under
schedule 4 (Borrowings) and balance in Reverse Repo
A/c is classified under schedule 7 (Balance with Banks
and Money at Call & Short Notice).
(I) ^maVr` [amd ~H$ Ho$ gmW Mb{Z{Y g_m`momZ gw{dYm (EbEE\$)
Ho$ AYrZ H$` / {dH$` H$s JB {V^y{V`m| H$mo {d{ZYmZ ImVo _| Zm_o/
m_m {H$`m J`m h Ama CZH$mo boZXoZ H$s n[andVm H$s {V{W na
{Vd{VV {H$`m J`m h & CZ na `` / A{OV `mm H$mo ``/Am`
Ho$ $n _| boIo _| {b`m J`m h &
(b) Securities purchased / sold under LAF with RBI are

debited / credited to Investment Account and
reversed on maturity of the transaction. Interest
expended / earned thereon is accounted for as
expenditure / revenue.
B.
I. ~r_m `dgm`
OrdZ Ama gmYmaU ~r_m AZwf{J`m| Ho$ _m_bo _| {d{ZYmZ ~r_m A{Y{Z`_,
1938, ~r_m {d{Z`m_H$ Ama {dH$mg m{YH$aU ({d{ZYmZ) {d{Z`_, 2000
Ama ~r_m {d{Z`m_H$ Ama {dH$mg m{YH$aU mam g_` g_` na Omar {d{^
A` n[anm| `m A{YgyMZmAm| Ho$ AZwgma {H$E JE h&
(i) Ja-g~ ~r_m `dgm` Ama gmYmaU ~r_m `dgm` go g~{YV
{d{ZYmZ H$m _y`mH$Z: gaH$mar {V^y{V`m| g{hV g^r F$U {V^y{V`m| H$m Ad{YJV
Insurance Business
In case of life and general insurance subsidiaries,
investments are made in accordance with the Insurance
Act, 1938, the IRDA (Investment) Regulations, 2000, and
various other circulars or notifications issued by IRDA in
this context from time to time.
(i)
Valuation of investment pertaining to non-linked life

business and general insurance business:
All debt securities, including government

securities are stated at historical cost, subject
to amortisation.
Listed equity shares are measured at fair value

on the Balance Sheet date. For the purpose of
determining fair value, the lower of the last
quoted closing price at the National Stock
Exchange of India Limited (NSE) or Bombay
Stock Exchange Limited, Mumbai (BSE) is
considered. Unlisted equity securities are
measured at historical cost.
Investments in mutual fund units are valued at

the Net Asset Value (NAV) of previous day in
life insurance and of balance sheet date in
general insurance.
bmJV Ho$ AmYma na n[aemoYZ Ho$ A`YrZ CboI {H$`m J`m h&
gyMr~ B{dQ>r eoàm| H$m VwbZ n H$s VmarI H$mo C{MV _y`
na AmH$bZ {H$`m J`m h& C{MV _y` H$m {ZYmaU H$aZo Ho$ {bE
ZoeZb Q>mH$ EgM|O Am\$ B{S>`m {b{_Q>oS> ("EZEgB') `m
~m~o Q>mH$ EgM|O {b{_Q>oS>, _w~B ("~rEgB') na ~mOma ~X
hmoZo Ho$ g_` CV AmpIar _y` _| go {ZMbo _y` H$mo em{_b
{H$`m OmVm h& Ja-gyMr~ B{dQ>r {V^y{V`m| H$m Ad{YJV
bmJV AmYma na AmH$bZ {H$`m OmVm h&
`yMwAb \$S> `y{ZQ>m| _| {d{ZYmZ H$m OrdZ ~r_m _| {nN>bo {XZ Ho$
{Zdb AmpV _y` (EZEdr) na Ama gmYmaU ~r_m _| VwbZ n

H$s VmarI H$mo _y`mH$Z {H$`m OmVm h&
C223 K223
224
Unrealized gains or losses arising due to changes

in the fair value of listed equity shares and
mutual fund units pertaining to shareholders
investments and non-linked policyholders
investments are taken to Revenue & Other
Reserves (Schedule 2) and Liabilities relating
to Policyholders in Insurance Business (Schedule
5) respectively, in the balance sheet.
eoàYmaH$m| Ho$ {d{ZYmZm| Ama Ja-g~ nm{bgrYmaH$m| Ho$

{d{ZYmZm| Ho$ g~Y _| gyMr~ B{dQ>r eoàm| Ama `yMwAb \$S>
`y{ZQ>m| Ho$ C{MV _y` _| n[adVZ Ho$ H$maU hmoZo dmbo Adgyb
bm^ `m hm{Z`m ""Am` Ama A` Ama{j{V`m (AZwgyMr 2)'' _|
Ama ""~r_m `dgm` _| nm{bgrYmaH$m| go g~{YV Xo`VmE
(AZwgyMr 5)'' H$_e: VwbZ n _| {bE OmVo h&
(ii) g~ `dgm` go g~{YV {d{ZYmZ H$m _y`mH$Z:-
(ii) Valuation of investment pertaining to linked

business: -
EH$ df go A{YH$ H$s eof n[andVm Ad{Y dmbr gaH$mar
{V^y{V`m| H$m _y`mH$Z Ho${S>Q> aoqQ>J B\$m_}eZ g{dgoO Am\$

B{S>`m {b{_Q>oS> ("{H${gb') go m _y`m| na {H$`m OmVm h
{gdm ^maV gaH$ma Ho$ pH$nm| Ho$ {OZH$m _y`mH$Z {ZYm[aV Am`
_wm ~mOma Ama `wn (So>[ado{Q>O) gK (E\$AmBE_E_S>rE)
go mV _y`m| na {H$`m OmVm h& EH$ df go A{YH$ H$s eof
n[andVm Ad{Y dmbr gaH$mar {V^y{V`m| H$mo N>moS>H$a A`
F$U {V^y{V`m| H$m _y`mH$Z {H${gb ~mS> d`wAa Ho$ AmYma
na {H$`m OmVm h& EH$ df `m Cggo H$_ H$s eof n[andVm
Ad{Y dmbr gaH$mar Ama A` F$U {V^y{V`m| H$s An[aemo{YV
Ama AmgV bmJV H$mo {V^y{V`m| H$s eof Ad{Y Ho$ {bE n[aemo{YV
{H$`m OmVm h& Eogo _y`mH$Z go hmoZo dmbo Adgyb bm^ `m hm{Z`m|
H$mo bm^ Ama hm{Z ImVo _| em{_b {H$`m OmVm h&
gyMr~ B{dQ>r eoàm| H$m VwbZ n H$s VmarI H$mo C{MV _y`
na AmH$bZ {H$`m OmVm h& C{MV _y` H$m {ZYmaU H$aZo Ho$ {bE
ZoeZb Q>mH$ EgM|O Am\$ B{S>`m {b{_Q>oS> ("EZEgB') Ho$
~mOma ~X hmoZo Ho$ g_` Ho$ AmpIar CV _y` H$m Cn`moJ {H$`m
OmVm h& EZEgB _| gyMr~ Z {H$E JE B{dQ>r eoàm| H$m _y`mH$Z
~rEgB Ho$ ~mOma ~X hmoZo Ho$ g_` Ho$ AmpIar CV _y` na
{H$`m OmVm h&
`yMwAb \$S> `y{ZQ>m| _| {H$E JE {d{ZYmZm| H$m _y`mH$Z {nN>bo
{XZ Ho$ {Zdb AmpV _y` (EZEdr) na {H$`m OmVm h&

Ho$ H$maU hmoZo dmbo Adgyb bm^m| `m hm{Z`m| H$mo bm^ Ama hm{Z
ImVo _| {XIm`m OmVm h&
3.
3.1 F$Um| Ama A{J_m| H$m dJuH$aU ^maVr` [amd ~H$ mam mmar {Xem{ZX}em| Ho$
AmYma na AmH$ Ama AZmH$ F$Um| Ama A{J_m| Ho$ $n _| {H$`m J`m h &
F$U AmpV`m CZ _m_bm| _| AZmH$ ~Z OmVr h, mhm:
Government securities with remaining maturity

of more than one year are valued at prices
obtained from Credit Rating Information
Services of India Limited (CRISIL) except
Government of India scrips which are valued at
prices obtained from FIMMDA. Debt securities
other than Government securities with
remaining maturity of more than one year are
valued on the basis of CRISIL Bond Valuer. The
amortised or average cost of Government and
other debt securities with remaining maturity
of one year or less are amortised over the
remaining life of the securities. Unrealised gains
or losses arising on such valuation are
recognized in the Profit & Loss Account.
Listed equity shares are measured at fair value

on the Balance Sheet date. For the purpose of
determining fair value, the last quoted closing
price at the National Stock Exchange of India
Limited (NSE) is considered. In case the equity
shares are not listed on NSE, then they are
valued at last quoted closing price on BSE.
Investments in mutual fund units are valued at

the previous days Net Asset Value (NAV).
Unrealized gains or losses arising due to changes
in the fair value of equity shares and mutual
fund units are recognized in the Profit & Loss
Account.
B{dQ>r eoàm| Ama `yMwAb \$S> `y{ZQ>m| Ho$ C{MV _y` _| n[adVZm|
3. F$U/A{J_ Ama CZ na mdYmZ
Loans /Advances and Provisions thereon

3.1 Loans and Advances are classified as performing and nonperforming, based on the guidelines issued by RBI. Loan
assets become non-performing assets (NPAs) where:
i.
In respect of term loans, interest and/or instalment

of principal remains overdue for a period of more
than 90 days;
ii.
ii. AmodaS>mQ> `m ZH$Xr-F$U A{J_ Ho$ g~Y _| ImVm ""Ag`V'' (""AmCQ>

Am\$ AmS>a'') ahVm h, AWmV `{X ~H$m`m eof am{e bJmVma
90 {XZm| H$s Ad{Y Ho$ {bE gdrH$V gr_m /AmhaU A{YH$ma go
A{YH$ hmo mmVr h, `m H$moB am{e VwbZn H$s {V{W H$mo bJmVma
90 {XZm| Ho$ {bE m_m Zht h AWdm ò m_mam{e`m Cgr Ad{Y Ho$
XmamZ Xo` `mm H$m ^wJVmZ H$aZo Ho$ {bE An`mV h;
In respect of Overdraft or Cash Credit advances, the

account remains out of order , i.e. if the
outstanding balance exceeds the sanctioned limit/
drawing power continuously for a period of 90 days,
or if there are no credits continuously for 90 days
as on the date of balance-sheet, or if the credits
are not adequate to cover the interest due during
the same period;
iii. H$` {H$E JE/~Q>Q>mH$V {~bm| Ho$ g~Y _|, {~b 90 {XZm| H$s Ad{Y go
A{YH$ A{VXo` ahVo h;
iii. In respect of bills purchased/discounted, the bill

remains overdue for a period of more than 90 days;
i.
gmd{Y F$Um| Ho$ g~Y _|, `mm Ama/AWdm _ybYZ H$s {H$V
90 {XZm| go A{YH$ Ad{Y Ho$ {bE A{VXo` ahVr h;
iv. H${f A{J_m| Ho$ g~Y _|, Anmd{Y \$gbm| Ho$ {bE mhm _ybYZ H$s
{H$V `m `mm 2 \$gb-F$VwAm| Ho$ {bE A{VXo` ahVo h;
C224 K224
iv.
In respect of agricultural advances for short duration

crops, where the instalment of principal or interest
remains overdue for two crop seasons;
225
v. H${f A{J_m| Ho$ g~Y _|, XrKmd{Y \$gbm| Ho$ {bE mhm _ybYZ `m `mm EH$
\$gb -F$Vw Ho$ {bE A{VXo` ahVo h &
3.2 AZmH$ AmpV`m| H$mo ^maVr` [amd ~H$ mam {ZYm[aV {ZZ{b{IV _mZXS>m|
Ho$ AmYma na Ad-_mZH$, g{XY Ama hm{ZX AmpV`m| _| dJuH$V {H$`m
J`m h:
i.
Ad-_mZH$ : Eogr H$moB F$U AmpV, mmo 12 _hrZm| `m Cggo H$_

Ad{Y Ho$ {bE AZmH$ ahr h &
ii. g{XY : Eogr H$moB F$U AmpV, mmo 12 _hrZm| H$s Ad{Y Ho$ {bE
Ad-_mZH$ loUr _| ahr h &
iii. hm{ZX : Eogr H$moB F$U AmpV, {mg_| hm{Z H$m nVm Mb J`m h qH$Vw
Cg am{e H$mo nyUV`m ~Q>Q>o ImVo _| Zht S>mbm J`m h &
3.3 AZmH$ AmpV`m| Ho$ {bE mdYmZ {d{Z`m_H$ m{YH$aUm| mam {ZYm[aV
dV_mZ {Xem-{ZX}em| Ho$ AZwgma {H$E JE h, na Bg_| {ZZ{b{IV {ZYm[aV
`yZV_ mdYmZ _mZXS>m| H$mo `mZ _| aIm J`m h:
v.
In respect of agricultural advances for long duration

crops, where the principal or interest remains
overdue for one crop season.
3.2 NPAs are classified into sub-standard, doubtful and loss

assets, based on the following criteria stipulated by RBI:
i.
Sub-standard: A loan asset that has remained nonperforming for a period less than or equal to
12 months.
ii.
Doubtful: A loan asset that has remained in the substandard category for a period of 12 months.
iii. Loss: A loan asset where loss has been identified but
the amount has not been fully written off.
3.3 Provisions are made for NPAs as per the extant guidelines
prescribed by the regulatory authorities, subject to
minimum provisions as prescribed below :
Substandard Assets:
Ad-_mZH$ AmpV`m : i. 15% H$m gm_m` mdYmZ

ii. CZ F$U mmo{I_m| Ho$ {bE, mmo ma^ go hr
A{V^y V h , 10% H$m A{V[aV
mdYmZ (mhm {V^y{V H$m dgybr - _y`
ew$ go hr 10% go A{YH$ Zht h)
A{V^yV ^mJ :
hm{ZX AmpV`m :
A general provision of 15%
iii. Unsecured Exposure in

respect of infrastructure
loan accounts where
certain safeguards such as
escrow accounts are
available 20%
iii. B\$mQ>Ma F$U ImVm| _| A{V^yV am{e

{Og_| H${Vn` ajmonm` Ogo EH$mo ImVo
CnbY h - 20%
g{XY AmpV`m :
{V^yV ^mJ :
i.
ii. Additional provision of 10%

for exposures which are
unsecured ab-initio (i.e.
where realisable value of
security is not more than
10 percent ab-initio)
Doubtful Assets:
i. EH$ df VH$ - 25%

ii. EH$ go VrZ df VH$ - 40%
iii. VrZ df go A{YH$ - 100%
100%
100%
3.4 {dXoe pWV H$m`mb`m|| Ho$ F$U Ama A{J_ ImVm| H$m dJuH$aU VWm AZmH$
A{J_m| Ho$ g~Y _| mdYmZ WmZr` {d{Z`_m| AWdm ^maVr` [amd ~H$ Ho$
_mZXS>m| _| go mmo A{YH$ H$R>moa Wm, Ho$ AZwgma {H$E JE h&
3.5 AZOH$ AmpV`m| Ho$ {dH$` H$mo ^maVr` [aOd ~H$ mam {ZYm[aV {Xem-{ZX}em|
H$o$ AZwgma boIo _| {b`m J`m h& `{X {~H$s {Zdb dhr _y` go H$_ _y` na H$s
OmVr h, Vmo H$_ mV hB am{e H$mo bm^ Ed hm{Z ImVo _| Zm_o {H$`m OmVm h Ama
`{X {~H$s {Zdb ~hr _y` go A{YH$ _y` na H$s OmVr h, Vmo A{V[aV mdYmZ
H$s am{e H$mo amoH$H$a aIm OmVm h Ama Cggo A` {dmr` AmpV`m| H$s {~H$r na
hB H$_r/ZwH$gmZ H$mo nyam {H$`m OmVm h& {Zdb ~hr _y` aIo JE {d{e> mdYmZ
VWm BgrOrgr Ho$ m Xmdm| _| go KQ>mZo na ~H$m`m h&
Secured portion:
i.
Upto one year 25%
ii. One to three years 40%

iii. More
than
years 100%
Unsecured portion
100%
Loss Assets:
100%
three
3.4 In respect of foreign Offices, classification of loans and

advances and provisions for non performing advances are
made as per the local regulations or as per the norms of
RBI, whichever is more stringent.
3.5 The sale of NPAs is accounted as per guidelines prescribed
by RBI. If the sale is at a price below net book value, the
shortfall is debited to the profit and loss account, and in
case of sale for a value higher than net book value, the
excess provision is retained and utilised to meet the
shortfall / loss on sale of other financial assets. Net book
value is outstanding as reduced by specific provisions held
and ECGC claims received.
3.6 A{J_ H${Vn` F$U hm{Z mdYmZm|, AmV `mm, ^maVr` {Z`mV F$U
JmaQ>r {ZJ_ (Bgrmrgr) Ho$ mV Xmdm| Ama ~Q>Q>mH$V {~bm| H$mo KQ>mH$a
XemE JE h&
3.6 Advances are net of specific loan loss provisions,

unrealised interest, ECGC claims received and bills
rediscounted.
3.7 nwZga{MV/nwZ{ZYm[aV AmpV`m| Ho$ {bE mdYmZ ^maVr` [amd ~H$ mam mmar
{Xem -{ZX}em| Ho$ AZwgma {H$E JE h, {mgHo$ AZwgma AZOH$ AmpV`m| Ho$ {bE
mdYmZ H$aZo Ho$ Abmdm, nwZgaMZm go nyd Ama Ho$ ~mX F$U Ho$ C{MV _y` H$s
AVa am{e Ho$ {bE mdYmZ {H$`m J`m h& Cn`w V Ho$ H$maU, C{MV _y` _| hB
H$_r Ama `mJ {H$E JE `mO Ho$ mdYmZ H$mo A{J_m| _| go KQ>m`m J`m h&
3.7 For restructured/rescheduled assets, provisions are made

in accordance with the guidelines issued by RBI, which
require that the difference between the fair value of the
loan before and after restructuring is provided for, in
addition to provision for NPAs. The provision for
diminution in fair value and interest sacrifice, arising out
of the above, is reduced from advances.
C225 K225
226
3.8 In the case of loan accounts classified as NPAs, an account

may be reclassified as a performing asset if it conforms
to the guidelines prescribed by the regulators.
3.8 AZmH$ AmpV`m| Ho$ $n _| dJuH$V F$U ImVm| Ho$ _m_bo _|, {d{Z`m_H$m| mam
{ZYm[aV {Xem-{ZX}em| Ho$ AZw$n hmoZo na hr {H$gr ImVo H$mo AmH$ AmpV Ho$
$n _| nwZdJuH$V {H$`m mm gH$Vm h &
3.9 Amounts recovered against debts written off in earlier

years are recognised as revenue.
3.9 nyddVu dfm} _| ~Q>Q>o ImVo _| S>mbo JE F$Um| H$s dgybr JB am{e H$mo Am` Ho$
$n _| {H$`m {XIm`m h &
3.10 In addition to the specific provision on NPAs, general

provisions are also made for standard assets. These
provisions are reflected in Schedule 5 of the balance
sheet under the head Other Liabilities & Provisions
Others and are not considered for arriving at Net NPAs.
3.10 AZOH$ AmpV`m| na H${Vn` mdYmZ Ho$ A{V[aV, _mZH$ AmpV`m| Ho$ {bE
gm_m` mdYmZ ^r {H$E JE h& ò mdYmZ VwbZn H$s AZwgyMr-5 Ho$ "A`
Xo`VmE Ed mdYmZ - A`' erf Ho$ AVJV XemE JE h Ama {Zdb AZOH$
AmpV`m {ZH$mbZo Ho$ {bE BZ na {dMma Zht {H$`m J`m h&
4. AWm`r mdYmZ
~H$ _| A{J_m|, {d{ZYmZm| Ama gm_m` `moOZ Ho$ {bE AbJ-AbJ AWm`r
mdYmZ H$aZo Ama CZH$m Cn`moJ H$aZo H$s AZw_mo{XV Zr{V bmJy h& g{OV {H$E
OmZodmbo AWm`r mdYmZm| H$s am{e H$m òH$ {dm df Ho$ AV _| AmH$bZ {H$`m
OmVm h& AWm`r mdYmZm| H$m Cn`moJ ^maVr` [aOd ~H$ H$s nyd AZw_{V go Bg
Zr{V _| {Z{XQ> H$s JB AgmYmaU n[apW{V`m| Ho$ AVJV AmZo dmbr AmH$p_H$VmAm|
Ho$ {bE hr {H$`m J`m h&
4.
Floating Provision
The bank has a policy for creation and utilisation of floating
provisions separately for advances, investments and general
purpose. The quantum of floating provisions to be created is
assessed at the end of each financial year. The floating
provisions are utilised only for contingencies under extra
ordinary circumstances specified in the policy with prior
permission of Reserve Bank of India.
5.
Provision for Country Exposure for Banking Entities

In addition to the specific provisions held according to the asset
classification status, provisions are held for individual country
exposures (other than the home country). Countries are
categorised into seven risk categories, namely, insignificant,
low, moderate, high, very high, restricted and off-credit, and
provisioning made as per extant RBI guidelines. If the country
exposure (net) of the bank in respect of each country does
not exceed 1% of the total funded assets, no provision is
maintained on such country exposures. The provision is
reflected in schedule 5 of the balance sheet under the Other
liabilities & Provisions Others.
6.
Derivatives:
6.1 The Bank enters into derivative contracts, such as foreign
currency options, interest rate swaps, currency swaps,
and cross currency interest rate swaps and forward
rate agreements in order to hedge on-balance
sheet/off-balance sheet assets and liabilities or for trading
purposes. The swap contracts entered to hedge
on-balance sheet assets and liabilities are structured in
such a way that they bear an opposite and offsetting
impact with the underlying on-balance sheet items. The
impact of such derivative instruments is correlated with
the movement of the underlying assets and accounted in
accordance with the principles of hedge accounting.
5. ~qH$J BH$mB`m| Ho$ {bE Xoedma F$U-mmo{I_ g~Yr mdYmZ

AmpV dJuH$aU H$s pW{V Ho$ AZw$n {H$E JE H${Vn` mdYmZm| Ho$ A{V[aV nWH$
Xoedma F$U mmo{I_ ({Zmr Xoe Ho$ Abmdm) Ho$ {bE mdYmZ {H$E JE h & BZ Xoem| H$m
dJuH$aU gmV mmo{I_ lo{U`m| `Wm ZJ`, H$_, gm_m`, A{YH$, A`{YH$, {V~{YV
Ed F$U _| em{_b Z hmoZo dmbo dJm] _| {H$`m J`m h, VWm `h mdYmZ ^maVr` [amd
~H$ Ho$ dV_mZ {Xem-{ZX}em| Ho$ AZwgma {H$`m J`m h & `{X òH$ Xoe go g~{ YV ~H$
H$m Xoedma F$U mmo{I_ ({Zdb) Hw$b {Z{YH$ AmpV`m| Ho$ 1% go A{YH$ Zht h, Vmo
Eogo Xoedma F$U mmo{I_ na H$moB mdYmZ Zht aIm J`m h& `h mdYmZ VwbZn H$s
AZwgM
y r 5 _| ""A` Xo`VmE Ed mdYmZ-A`'' Ho$ AVJV Xem`m J`m h&
6. S>oardo{Q>g :
6.1 ~H$ VwbZn H$so/VwbZn Ho$ ~mha H$s AmpV`m| Ama Xo`VmAm| H$s {Vajm Ho$
{bE AWdm `mnma `moOZm| hoVw {dXoer _wm {dH$n, `mO Xa {d{Z_`, _wm
{d{Z_` Ama nana _wm `mO Xa {d{Z_` VWm dm`Xm Xa H$ama Ogr S>oardo{Q>g
g{dXmE H$aVm h& VwbZn H$s AmpV`m| Ed Xo`VmAm| H$s {Vajm Ho$ {bE H$s
JB {d{Z_` g{dXmAm| H$s $naoIm Bg T>J go V`ma H$s OmVr h {H$ do VwbZn
H$s AV{Z{hV _Xm| Ho$ gmW {VHy$b Ed j{Vny{V ^md H$mo ghZ H$a gH|$ &
Eogo S>oardo{Q>g {bIVm| H$m ^md AV{Z{hV AmpV`m| Ho$ _y` _| CVmaMT>md Ho$ gmW OwS> m hAm h Ama Bgo {Vajm boIm {gXYmVm| Ho$ AZwgma boIm|
_| {b`m J`m h&
6.2 [Vajm Ho$ $n _| dJuH$V S>oardo{Q>g g{dXmE moX>^yV AmYma na XO H$s JB
h& O~ VH$ AV{Z{hV AmpV`m|/Xo`VmAm| H$mo ^r ~mOma _y` na ~hr _|
em{_b Zht H$a {X`m OmVm, V~ VH$ {Vajm g{dXmAm| H$mo ~mOma _y` na
~hr _| em{_b Zht {H$`m OmVm h&
6.3 Cn`wV H$mo N>moSH$a, A` g^r S>oardo{Q>g g{dXmE CmoJ _| M{bV gm_m`V:
drH$V WmAm| Ho$ AZwgma ~mOma _y` na ~hr _| em{_b H$s JB h& ~mOma
_y` na ~hr _| em{_b {H$E JE S>oardo{Q>g g{dXmAm| Ho$ g~Y _|, ~mOma
_y` _| hE n[adVZm| H$mo n[adVZ H$s Ad{Y go bm^ Ama hm{Z ImVo _| Xem`m
J`m h& S>oardo{Q>g g{dXmAm| Ho$ AYrZ mV hmoZo dmbr H$moB ^r am{e 90
{XZm| go A{YH$ Ad{Y Ho$ {bE A{VXo` hmoVr h, Vmo Cgo bm^ Ama hm{Z ImVo
Ho$ O[aE ""CMV n[aUV m` am{e ImVo'' _| {Vd{VV {H$`m OmVm h& `{X
S>oardo{Q>d g{dXmAm| _| ^{d` _| Ama A{YH$ {ZnQ>mao H$m mdYmZ h Ama `{X
S>oardo{Q>d g{dXm A{VXo` m` am{e H$m 90 {XZ VH$ ^wJVmZ mV Z hmoZo na
C226 K226
6.2 Derivative contracts classified as hedge are recorded on

accrual basis. Hedge contracts are not marked to market
unless the underlying Assets / Liabilities are also marked
to market.
6.3 Except as mentioned above, all other derivative contracts
are marked to market as per the generally accepted
practices prevalent in the industry. In respect of derivative
contracts that are marked to market, changes in the
market value are recognised in the profit and loss account
in the period of change. Any receivable under derivatives
contracts, which remain overdue for more than 90 days,
are reversed through profit and loss account to Suspense
A/c Crystallised Receivables. In cases where the
derivative contracts provide for more settlement in future
and if the derivative contract is not terminated on the
overdue receivables remaining unpaid for 90 days, the
227
g_mV Zht H$s OmVr h Vmo ^{d` _| mV am{e`m| H$s ~mOma _y` na ~{h`m|
_| A{H$V KZm_H$ am{e H$mo bm^ Ama hm{Z ImVo go ""CMV ~mOma _y`
KZm_H$ am{e ImVo'' _| {Vd{VV {H$`m OmVm h&
positive MTM pertaining to future receivables is also

reversed from Profit and Loss Account to Suspense A/c Positive MTM.
6.4 Xm `m mV {dH$n r{_`_ H$mo {dH$n H$s g_m{V na bm^ Ama hm{Z
ImVo _| XO {H$`m J`m h& ~oMo JE {dH$nm| na mV r{_`_ Ama IarXo JE
{dH$nm| na Xm r{_`_ Ho$ eof H$mo \$maog Amoda {X H$mCQ>a {dH$nm| Ho$
~mOma _y` {ZH$mbZo hoVw em{_b {H$`m J`m h&
6.4 Option premium paid or received is recorded in profit and

loss account at the expiry of the option. The Balance in
the premium received on options sold and premium paid
on options bought have been considered to arrive at Mark
to Market value for forex Over the Counter options.
6.5 Exchange Traded Derivatives entered into for trading
purposes are valued at prevailing market rates based on
rates given by the Exchange and the resultant gains and
losses are recognized in the Profit and Loss Account.
6.5 EgM|O _| H$`-{dH$` {H$E JE S>o[ado{Q>O VWm `mnma Ho$ CX>Xo` go {H$E
JE `mO Xa dm`Xm gmXm| H$mo EgM|O mam Xr JB Xam| Ho$ AmYma na M{bV
~mOma Xam| na _y`m{H$V {H$`m J`m h Ama n[aUm_r bm^ VWm hm{Z H$mo bm^
Ama hm{Z ImVo _| em{_b {H$`m J`m h&
7.
7. AMb AmpV`m Ama _y`mg

7.1 AMb AmpV`m| H$m g { MV _y `mg go H$_ bmJV na A H $Z
{H$`m J`m h &
7.2 bmJV _| H$` bmJV VWm g_V ``, mgo {H$ WmZ H$s V`mar, gWmnZ
bmJV Ama `mdgm{`H$ ewH$ VWm AmpV na CgH$m Cn`moJ H$aZo go nyd dhZ
H$s JB \$sg em{_b h & Cn`moJ H$s JB AmpV`m| na dhZ {H$E JE AZwdVu
`` H$mo Ho$db V^r nymrH$V {H$`m J`m h, m~ ò `` BZ AmpV`m| go hmoZo
dmbo ^mdr bm^ H$mo/BZ AmpV`m| H$s `mdhm[aH$ j_Vm H$mo ~T>mVo h &
7.3 Bg Xoer n[aMmbZ Ho$ g~Y _| _y`mg H$s Xa| Ama _y`mg XemZo H$s n{V
H$m {ddaU {ZZmZwgma h :
H$_ AMb AmpV`m|
g. H$m {ddaU
_y`mg XemZo
H$s n{V
_y`mg/
n[aemoYZ Xa
1
2
H$`yQ>a Ama EQ>rE_

hmS>doà Ho$
A{^ AJ Ho$
$n _| em{_b
H$`yQ>a gmQ>doà
hmS>doà Ho$
A{^ AJ Ho$
$n _| Z em{_b
H$`yQ>a gmQ>doà
31 _mM 2001
VH$ {dmr` nQ>Q>o na
Xr JB AmpV`m
grYr H$Q>mVr Umbr

m{gV _y`
n{V
33.33% {V df
60%
grYr H$Q>mVr
Umbr
H$nZr A{Y{Z`_
1956 Ho$ AYrZ
{ZYm[aV Xa na
A` AMb
AmpV`m
m{gV _y`
n{V
Am`H$a {Z`_
1962 Ho$ AYrZ
{ZYm[aV Xa na
Fixed Assets and Depreciation

7.1 Fixed assets are carried at cost less accumulated
depreciation.
7.2 Cost includes cost of purchase and all expenditure such
as site preparation, installation costs and professional fees
incurred on the asset before it is put to use. Subsequent
expenditure incurred on assets put to use is capitalised
only when it increases the future benefits from such assets
or their functioning capability.
7.3 The rates of depreciation and method of charging
depreciation in respect of domestic operations are as
under:
Sr. Description of
No. fixed assets
Method of
charging
depreciation
Depreciation/
amortisation
rate
Computers & ATM
Straight Line
Method
33.33%
every year
Computer
software forming
an integral part
of hardware
Written Down
Value Method
60%
Computer
Software which
does not form
an integral part
of hardware
100%
depreciated
in the year
of acquisition
Assets given on
financial lease upto
31st March 2001
Straight Line
Method
At the rate
prescribed
under the
Companies
Act 1956
Other fixed
assets
Written down
value method
At the rate
prescribed
under the
Income-tax
Rules 1962
A{^JhU df
_| 100%
_y`mg
7.4 df Ho$ XmamZ Xoer n[aMmbZm| go m AmpV`m| Ho$ g~Y _| _y`mg 180 {XZm|
VH$ `wV AmpV`m| na AYdf Ho$ {bE VWm 180 {XZm| go A{YH$ `wV
AmpV`m| na nyao df Ho$ {bE Xem`m J`m h, m~{H$ H$`yQ>am| Ama gmQ>doà na
_y`mg - Bg AmpV H$m Cn`moJ H$aZo H$s Ad{Y Mmho Hw$N> ^r ahr hmo nyao df
Ho$ {bE Xem`m J`m h&
7.5 Eogr _X| {mZ_| go òH$ H$m _y` `1,000 go H$_ hmo Ch| H$` df _| hr ~Q>Q>o
ImVo _| S>mb {X`m J`m h&
7.6 nQ>Q>mH$V n[agam| go g~ nQ>Q>m r{_`_, `{X hmo Vmo, H$mo nQ>Q>m Ad{Y na
n[aemo{YV {H$`m J`m h Ama nQ>Q>m {H$am`m Cgr df Ho$ IM Ho$ $n _|
Xem`m J`m h&
C227 K227
7.4 In respect of assets acquired during the year for domestic

operations, depreciation is charged for half a year in
respect of assets used for upto 180 days and for the full
year in respect of assets used for more than 180 days,
except depreciation on computers and software, which
is charged for the full year irrespective of the period for
which the asset was put to use.
7.5 Items costing less than `1,000 each are charged off in
the year of purchase.
7.6 In respect of leasehold premises, the lease premium, if
any, is amortised over the period of lease and the lease
rent is charged in the respective year.
228
7.7 In respect of assets given on lease by the Bank on or

before 31st March 2001, the value of the assets given on
lease is disclosed as Leased Assets under fixed assets, and
the difference between the annual lease charge (capital
recovery) and the depreciation is taken to Lease
Equalisation Account.
7.7 ~H$ mam 31 _mM 2001, H$mo `m Cggo nyd nQ>Q>o na Xr JB AmpV`m| Ho$ g~Y
_| n>o na Xr JB AmpV`m| Ho$ _y` H$mo nQ>Q>mH$V AmpV`m| Ho$ $n _| AMb
AmpV`m| Ho$ AVJV Xem`m J`m h Ama dm{fH$ nQ>Q>m ewH$ (nymr-dgybr)
Ed _y`mg Ho$ AVa H$mo nQ>Q>m g_mZrH$aU boIo _| {b`m J`m h&
7.8 {dXoer H$m`mb`m|/BH$mB`m| mam Ym[aV AMb AmpV`m| na _y`mg H$m
mdYmZ g~{YV Xoem| Ho$ {d{Z`_m|/_mZXS>m| Ho$ AZwgma {H$`m J`m h&
8. nQ>Q>o
AmpV dJuH$aU Ama A{J_m| Ho$ {bE bmJy mdYmZrH$aU _mZXS>m| H$m Cn`wV
AZwNo>X 3 _| {XE JE {Xem-{ZX}em| Ho$ AZwgma BZ {dmr` nQ>Q>mo| _| ^r `moJ {H$`m
J`m h&
9. AmpV`m| H$s Angm_m`Vm
m~ H$^r KQ>ZmE AWdm pW{V`m| _| n[adVZ `h gHo$V XoVo h {H$ {H$gr
AmpV H$s AJmZrV am{e H$s dgybr g{XY h Vmo Eogr pW{V _| AMb AmpV`m|
H$s Angm_m`Vm hoVw g_rjm H$s mmVr h & Ym[aV Ama `moJ H$s mmZo dmbr
AmpV H$s dgybr hmo nmEJr `m Zht Bgo _mnZo Ho$ {bE AmpV Ho$ AJmZrV _y` H$s
VwbZm AmpV mam Ano{jV ^{d`JV {Zdb ~Q>Q>mH$V ZH$Xr dmh go VwbZm
H$aHo$ kmV H$s mmVr h & `{X Eogr AmpV`m| H$mo Angm_m`Vm Ho$ `mo` nm`m mmVm
h Vmo boIo _| XemB OmZodmbr Angm_m`Vm H$m _mn Cg A{YH$ am{e Ho$ AmYma
na {H$`m mmVm h mmo AmpV Ho$ AJmZrV _y` Ama CgHo$ C{MV _y` Ho$ ~rM H$m
AVa h &
8.
Leases
The asset classification and provisioning norms applicable to
advances, as laid down in Para 3 above, are applied to financial
leases also.
9.
Impairment of Assets
Fixed Assets are reviewed for impairment whenever events
or changes in circumstances warrant that the carrying amount
of an asset may not be recoverable. Recoverability of assets
to be held and used is measured by a comparison of the
carrying amount of an asset to future net discounted cash flows
expected to be generated by the asset. If such assets are
considered to be impaired, the impairment to be recognised
is measured by the amount by which the carrying amount of
the asset exceeds the fair value of the asset.
10. Effect of changes in the foreign exchange rate
10. {dXoer _wm {d{Z_` Xa _| CVma-MT>md H$m ^md
10.1 Foreign Currency Transactions
10.1 {dXoer _wm boZXoZ

i.
7.8 In respect of fixed assets held at foreign offices/entities,

depreciation is provided as per the regulations /norms of
the respective countries.
{dXoer _wm boZXoZ H$mo boZXoZ H$s {V{W H$mo gy{MV _wm Ed {dXoer
_wm Ho$ ~rM {d{Z_` Xa H$s {dXoer _wm am{e Ho$ `moJ mam
gy{MV _wm _| ma{^H$ {ZYmaU na Xm {H$`m J`m h &
ii. {dXoer _wm _m{H$ _Xm| H$s gyMZm ^maVr` {dXoer _wm `mnmar
gK (\o$S>B) H$s A{V_ VH$mb Xam| Ho$ `moJ go Xr JB h &
iii. {dXoer _wm Ja-_m{H$ _Xm|, mmo Ad{YJV bmJV Ho$ AmYma na
br JB h, H$s gyMZm boZXoZ H$s {V{W H$mo M{bV _wm {d{Z_`
Xa Ho$ `moJ go Xr JB h &
iv. {dXoer _wm _| _y`m{H$V AmH$p_H$ Xo`VmAm| H$s gyMZm \o$S>B
H$s A{V_ VH$mb Xa Ho$ `moJ go H$s JB h &
v. `dgm` Ho$ {bE aIr JB ~H$m`m VH$mb {dXoer _wm {d{Z_`
VWm dm`Xm g{dXmAm| H$mo BZH$s {ZYm[aV n[andVmAm| Ho$ {bE
\o$S>B mam A{Ygy{MV _wm {d{Z_` Xam| na nwZ_y`m{H$V {H$`m
J`m h Ama n[aUm_r bm^ `m hm{Z H$mo bm^ Ama hm{Z ImVo _|
em{_b {H$`m J`m h&
vi. {dXoer _wm dm`Xm g{dXmAm|, mmo `dgm` Ho$ {bE Ano{jV Zht
h Ama VwbZn H$s {V{W H$mo ~H$m`m h, H$m A{V_ VH$mb Xa na
_y`mH$Z {H$`m J`m h& Eogr dm`Xm {d{Z_` g{dXm Ho$ ma^ go
CX^yV r{_`_ `m ~Q>Q>o H$mo g{dXm H$s n[andVm Ad{Y Ho$ ``
`m Am` Ho$ $n _| n[aemo{YV {H$`m J`m h&
vii. _m{H$ _Xm| Ho$ {ZYmaU go CX^yV {d{Z_` AVa am{e`m| H$mo CZ
Xam|, mmo Xa| Ama^ go Xm H$s JB Wt, go {^ Xam| na Cg Ad{Y,
{mg_| ò Xa| CX^yV hB h, Ho$ Am` `m `` Ho$ $n _| {XIm`m
J`m h>&
viii. Iwbo {dH$n dmbo _wm dm`Xm boZXoZ _| {d{Z_` Xam| _| n[adVZ
Ho$ H$maU hmoZo dmbo bm^ / hm{Z H$mo EgM|O {bA[aJ hmCg Ho$
C228 K228
i.
Foreign currency transactions are recorded on initial

recognition in the reporting currency by applying to
the foreign currency amount the exchange rate
between the reporting currency and the foreign
currency on the date of transaction.
ii.
Foreign currency monetary items are reported using

the Foreign Exchange Dealers Association of India
(FEDAI) closing spot/forward rates.
iii. Foreign currency non-monetary items, which are

carried in terms at historical cost, are reported using
the exchange rate at the date of the transaction.
iv.
Contingent liabilities denominated in foreign

currency are reported using the FEDAI closing spot
rates.
v.
Outstanding foreign exchange spot and forward

contracts held for trading are revalued at the
exchange rates notified by FEDAI for specified
maturities, and the resulting profit or loss is
recognised in the Profit and Loss account.
vi. Foreign exchange forward contracts which are not

intended for trading and are outstanding at the
balance sheet date, are valued at the closing spot
rate. The premium or discount arising at the
inception of such a forward exchange contract is
amortised as expense or income over the life of the
contract.
vii. Exchange differences arising on the settlement of
monetary items at rates different from those at which
they were initially recorded are recognised as income
or as expense in the period in which they arise.
viii. Gains / Losses on account of changes in exchange
rates of open position in currency futures trades are
229
settled with the exchange clearing house on daily

basis and such gains/losses are recognised in the
profit and loss account.
gmW X{ZH$ AmYma na {ZnQ>mZ {H$`m J`m h Ama Eogo bm^ / hm{Z
H$mo bm^ Ama hm{Z ImVo _| Xem`m J`m h&
10.2 {dXoer n[aMmbZ
10.2 Foreign Operations
~H$ H$s {dXoe pWV emImAm|/BH$mB`m| Ama g_wnmar` ~qH$J BH$mB`m| H$mo
Ag_mH${bV n[aMmbZm| Ho$ $n _| dJuH$V {H$`m J`m h Ama {V{Z{Y
H$m`mb`m| H$mo g_mH${bV n[aMmbZm| Ho$ $n _| dJuH$V {H$`m J`m h &
Foreign branches/subsidiaries / joint ventures of the Bank

and Offshore Banking Units have been classified as Nonintegral Operations and Representative Offices have been
classified as Integral Operations.
H$. Ag_mH${bV n[aMmbZ:
a.
i.
Ag_mH${bV {dXoer n[aMmbZm| H$s XmoZm| _m{H$ Ama Ja_m{H$ {dXoer _wm AmpV`m| Ed Xo`VmAm| VWm AmH$p_H$
Xo`VmAm| H$mo VwbZn {V{W H$mo \o$S>B mam A{Ygy{MV A{V_
{d{Z_` Xam| na {d{Z_` {H$`m J`m h&
ii. Ag_mH${bV {dXoer n[aMmbZm| H$s Am` Ed `` H$m {V_mhr

AmgV H$s A{V_ Xa na {d{Z_` {H$`m J`m h&
iii. {Zdb {d{ZYmZ Ho$ {ZnQ>mZ hmoZo VH$ Ag_mH${bV {dXoer
n[aMmbZm| go CX^yV {d{Z_` AVa-am{e`m| H$m gM`Z {dXoer
_wm $nmVaU Ama[jVr _| {H$`m J`m h &
Non-integral Operations:
i.
Both monetary and non-monetary foreign

currency assets and liabilities including
contingent liabilities of non-integral foreign
operations are translated at closing exchange
rates notified by FEDAI at the balance
sheet date.
ii.
Income and expenditure of non-integral foreign

operations are translated at quarterly average
closing rates.
iii. Exchange differences arising on net investment

in non-integral foreign operations are
accumulated in Foreign Currency Translation
Reserve until the disposal of the net investment.
iv. {dXoer H$m`mb`m|/AZwf{J`m|/g`wV C_m| H$s {dXoer _wm _|

XemB JB AmpV`m| Ed Xo`VmAm| H$m {dXoer H$m`mb`m|/
AZwf{J`m|/g`wV C_m| H$s WmZr` _wm Ho$ Abmdm Cg Xoe
Ho$ {bE bmJy hm{Oa Xam| H$m `moJ H$aVo hE WmZr` _wm _|
{d{Z_` {H$`m J`m h&
iv.
The Assets and Liabilities of foreign offices/

subsidiaries /joint ventures in foreign currency
(other than local currency of the foreign offices/
subsidiaries/joint ventures) are translated into
local currency using spot rates applicable to that
country.
I. g_mH${bV n[aMmbZ:
i.
b.
{dXoer _wm boZXoZ H$mo boZXoZ H$s {V{W H$mo gy{MV _wm Ama
{dXoer _wm _| {d{Z_` Xa na {dXoer _wm am{e Ho$ `moJ mam
gy{MV _wm _| Ama{^H$ A{^kmZ na Xm {H$`m J`m h&
ii. g_mH${bV {dXoer n[aMmbZm| H$s _m{H$ {dXoer _wm AmpV`m|

Ama Xo`VmAm| H$mo VwbZn H$s {V{W H$mo \o$S>B mam A{Ygy{MV
A{V_ {d{Z_` Xam| na $nmV[aV {H$`m J`m h Ama n[aUm_r
bm^/hm{Z H$mo bm^ Ama hm{Z ImVo _| em{_b {H$`m J`m h &
iii. Ad{YJV bmJV Ho$ AZw$n AJmZrV {dXoer _wm Ja-_m{H$
_Xm| H$s gyMZm boZXoZ H$s {V{W H$mo M{bV {d{Z_` Xa Ho$
`moJ go H$s JB h &
Integral Operations:
i.
Foreign currency transactions are recorded on

initial recognition in the reporting currency by
applying to the foreign currency amount the
exchange rate between the reporting currency
and the foreign currency on the date of
transaction.
ii.
Monetary foreign currency assets and liabilities

of integral foreign operations are translated at
closing exchange rates notified by FEDAI at the
balance sheet date and the resulting profit/loss
is included in the profit and loss account.
iii. Foreign currency non-monetary items which are

carried in terms of historical cost are reported
using the exchange rate at the date of the
transaction.
11. H$_Mmar {hVbm^:

11.1 Anmd{Y H$_Mmar {hVbm^:
11. Employee Benefits:
Anmd{Y H$_Mmar {hVbm^ `Wm {M{H$gm {hVbm^, AmH$p_H$ AdH$me

Am{X H$s ~Q>Q>ma{hV am{e H$mo, {mgH$mo H$_Mm[a`m| mam Xm godm Ho$
{d{Z_` _| XmZ {H$`m mmZm Ano{jV h, H$_Mm[a`m| mam Xm godm Ad{Y
Ho$ XmamZ em{_b {H$`m J`m h&
11.2 ZmH$ar CnamV {hVbm^:
i.
11.1 Short Term Employee Benefits:

The undiscounted amount of short-term employee
benefits, such as medical benefits, casual leave etc. which
are expected to be paid in exchange for the services
rendered by employees are recognised during the period
when the employee renders the service.
11.2 Post Employment Benefits:
{Z`V {hVbm^ `momZm
i.
H$. g_yh H$s H$n{Z`m| _| AbJ AbJ ^{d` {Z{Y `momZmE bmJy
h, ^{d` {Z{Y `momZm Ho$ AVJV g^r nm H$_Mmar `h
{hVbm^ mV H$aZo Ho$ hH$Xma h& g_yh H$s H$n{Z`m {ZYm[aV
C229 K229
Defined Benefit Plan

a.
The group entities operate separate Provident

Fund schemes. All eligible employees are
entitled to receive benefits under the Provident
230
Fund scheme. The group entities contribute

monthly at a determined rate. These
contributions are remitted to a trust established
for this purpose and are charged to Profit and
Loss Account. The group entities are liable for
annual contributions and interests, which is
payable at minimum specified rate of interest.
The entities recognise such annual contributions
and interest as an expense in the year to which
they relate.
Xa na _m{gH$ AeXmZ H$aVr h& BZ AeXmZ H$mo, Bg Co`

Ho$ {bE Wm{nV `mg _| o{fV H$a {X`m J`m h VWm bm^ Ama
hm{Z ImVo _| IM Ho$ $n _| {XIm`m J`m h& g_yh H$s H$n{Z`m,
dm{fH$ AeXmZ Ama `mm XoZo Ho$ {bE CmaXm`r h& `h `mm
Xa Xo` {Z{X> `yZV_ `mm Xa Ho$ ~am~a hmoVr h& H$n{Z`m$
Bg H$ma Ho$ dm{fH$ AeXmZm| Ama Cg na `mm H$mo g~{YV
df Ho$ gX^ _| `` _mZVr h&
I. g_yh H$s H$n{Z`m, Jo`wQ>r, n|eZ mgr {Z`V {hVbm^ `momZmE
n[aMm{bV H$aVr h&
J.
g_yh H$s H$n{Z`m, g^r nm H$_Mm[a`m| H$mo Jo`wQ>r XmZ

H$aVr h& `h {hVbm^ H$_Mm[a`m| H$mo CZH$s godm{Zd{m,
ZmH$ar Ho$ XmamZ _`w hmo mmZo AWdm ZmH$ar H$s g_m{V na
EH$_wV am{e Ho$ ^wJVmZ Ho$ $n _| XmZ {H$`m mmVm h & `h
am{e godm Ho$ òH$ nyU df Ho$ {bE Xo` 15 {XZm| Ho$ _yb doVZ
Ho$ g_Vw` am{e, Omo godm {Z`_mdbr _| {ZYm[aV CV_ gr_m
h, go A{YH$ Zht hmoZr Mm{hE & `h {hVbm^ godm Ho$ nmM df
nyao hmoZo na hr mV hmoVm h & ~H$ Bg am{e H$m dm{fH$ AeXmZ
dV ~m ~r_m{H$H$ _y`Z Ho$ AmYma na `m{g`m| mam
{Z`{V {Z{Y _| H$aVm h&
K. g_yh H$s Hw$N> H$n{Z`m g^r nm H$_Mm[a`m| H$mo n|eZ XmZ

H$aVr h & `h {hVbm^ {Z`_mZwgma _m{gH$ ^wJVmZ Ho$ $n _|
XmZ {H$`m mmVm h Ama n|eZ H$m `h {Z`{_V ^wJVmZ
H$_Mm[a`m| H$mo CZH$s godm{Zd{m, ZmH$ar Ho$ XmamZ _`w hmoZo `m
ZmH$ar H$s g_m{V na {H$`m mmVm h & `h {hVbm^ {Z`_mZwgma
{d{^ MaUm| _| mV hmoVm h & H$n{Z`m Bg am{e H$m dm{fH$
AeXmZ dV ~m dmV{dH$ _y`Z Ho$ AmYma na `m{g`m|
mam {Z`{V {Z{Y _| H$aVr h&
L>
{Z`V {hVbm^ mdYmZ bmJV H$mo òH$ VwbZn H$s {V{W na

dmV{dH$ _y`Z Ho$ AmYma na AZw_m{ZV `y{ZQ> F$U n{V Ho$
`moJ go {ZYm[aV {H$`m J`m h & dmV{dH$ bm^/hm{Z H$mo
bm^ Ama hm{Z {ddaU _| VwaV em{_b H$a {X`m J`m h Ama
Ch| W{JV Zht {H$`m J`m h&
ii. {ZpMV AeXmZ `moOZmE
ii.
~H$ 1 AJV, 2010 H$mo `m CgHo$ ~mX ~H$ H$s godm _| em{_b hE
g^r A{YH$m[a`m|/H$_Mm[a`m| Ho$ {bE EH$ ZB n|eZ `moOZm (EZnrEg)
n[aMm{bV H$aVm h, Omo EH$ {ZpMV AeXmZ `moOZm h, Ama ~H$
H$s godm _| AmZodmbo Eogo ZE A{YH$mar/H$_Mmar H$mo {d_mZ
Eg~rAmB n|eZ `moOZm Ho$ gX` ~ZZo Ho$ {bE nm Zht ~Zm`m Om
ahm h& Bg {dVV `moOZm H$mo A{V_ $n {XE OmZo VH$, Bg `moOZm
Ho$ AVJV H$_Mmar AnZo _yb doVZ Ama _hJmB ^mo H$m 10 {VeV
Bg `moOZm _| AeXmZ H$aVo h Ama gmW _| CVZm hr AeXmZ ~H$
mam {H$`m OmVm h& ò AeXmZ ~H$ _| O_m Ho$ $n _| aIo JE h Ama
Cgr Xa go `mO A{OV H$aVo h Omo ^{d` {Z{Y eof Ho$ Mmby ImVo
Ho$ {bE bmJy h& ~H$ Eogo dm{fH$ AeXmZm| Ed `mO H$m {ZYmaU Cgr
df _| EH$ `` Ho$ $n _| H$aVm h {Oggo do g~{YV hmoVo h&
C230 K230
b.
The group entities operate separate gratuity and

pension schemes, which are defined benefit
plans.
c.
The group entities provide for gratuity to all

eligible employees. The benefit is in the form
of lump sum payments to vested employees on
retirement, on death while in employment, or
on termination of employment, for an amount
equivalent to 15 days basic salary payable for
each completed year of service, subject to a
ceiling in terms of service rules. Vesting occurs
upon completion of five years of service. The
Bank makes annual contributions to a fund
administered by trustees based on an
independent external actuarial valuation carried
out annually.
d.
Some group entities provide for pension to all

eligible employees. The benefit is in the form
of monthly payments as per rules and regular
payments to vested employees on retirement,
on death while in employment, or on
termination of employment. Vesting occurs at
different stages as per rules. The entities make
annual contributions to funds administered by
trustees based on an independent external
actuarial valuation carried out annually.
e.
The cost of providing defined benefits is

determined using the projected unit credit
method, with actuarial valuations being carried
out at each balance sheet date. Actuarial gains/
losses are immediately recognised in the
statement of profit and loss and are not
deferred.
Defined Contribution Plans

The bank operates a new pension scheme (NPS) for
all officers/ employees joining the Bank on or after
1st August 2010, which is a defined contribution plan,
such new joinees not being entitled to become
members of the existing SBI Pension Scheme.
Pending finalisation of the detailed scheme, the
employees covered under the scheme contribute
10% of their basic pay plus dearness allowance to
the scheme together with a matching contribution
from the Bank. These contributions are retained as
deposits in the bank and earn interest at the same
rate as that of the current account of Provident Fund
balance. The bank recognises such annual
contributions and interest as an expense in the year
to which they relate.
231
iii. Other Long Term Employee benefits:
iii. H$_Mm[a`m| Ho$ A` XrKmd{Y {hVbm^ :

H$. g_yh H$m òH$ H$_Mmar {Vny[aV AZwnpW{V`m|, amV m`Vr
g_mZ Ama AdH$me `mm [a`m`V godm{Zd{m bm^ Ama
nwZdmgZ ^mo H$m nm hmoVm h & Bg H$ma H$s XrKmd{Y H$_Mmar
{hVbm^ H$s bmJV H$m {dmnmofU g_yh BH$mB`m| mam AmV[aH$
Va na {H$`m J`m h&
I. A` XrKmd{Y {hVbm^ Ho$ mdYmZ H$s bmJV H$m {ZYmaU òH$
VwbZn H$s {V{W H$mo ~r_m{H$H$ _y`Z H$s AZw_m{ZV `y{ZQ> F$U
n{V Ho$ `moJ go {H$`m J`m h& nydd Vu godm bmJV H$mo bm^ Ama
hm{Z {ddaU _| VwaV em{_b H$a {X`m J`m h Ama Ch| W{JV Zht
{H$`m J`m h&
11.3 {dXoe pWV H$m`mb`m|/BH$mB`m| _| {Z`mo{OV H$_Mm[a`m| go g~{YV
H$_Mmar bm^ H$m _y`mH$Z {H$`m J`m h Ama Cgo g~{YV WmZr` H$mZyZm|/
{d{Z`_m| Ho$ AZwgma boIo _| {b`m J`m h&
a.
All eligible employees of the group are eligible

for compensated absences, silver jubilee award,
leave travel concession, retirement award and
resettlement allowance. The costs of such long
term employee benefits are internally funded
by the group entities.
b.
The cost of providing other long term benefits

is determined using the projected unit credit
method with actuarial valuations being carried
out at each balance sheet date. Past service cost
is immediately recognised in the statement of
profit and loss and is not deferred.
11.3 Employee benefits relating to employees employed at

foreign offices/ entities are valued and accounted for as
per the respective local laws/regulations.
12. Taxes on income
12. Am` na H$a

12.1 dV_mZ H$a, AmW{JV H$a VWm AZwfJr bm^-H$a `` H$s Hw$b am{e
Am` H$a `` h & Mmby df Ho$ H$am| H$m {ZYmaU boIm _mZH$ 22 Ama
^maV _| M{bV H$a {Z`_m| Ho$ AZwgma {dXoe pWV H$m`mb`m|/AZwf{J`m|
Ho$ g~{YV Xoem| Ho$ H$a {Z`_m| Ho$ AZwgma {H$`m J`m h & AmW{JV H$a
AmpV`m| `m Xo`VmAm| _| Cg Ad{Y Ho$ XmamZ hE CVma-MT>md AmW{JV
H$a g_m`momZ _| g_m{d> h&
12.1 Income tax expense is the aggregate amount of current

tax, deferred tax and fringe benefit tax charge. Current
taxes are determined in accordance with the provisions
of Accounting Standard 22 and tax laws prevailing in India
after taking into account taxes of foreign offices/entities,
which are based on the tax laws of respective jurisdiction.
Deferred tax adjustments comprise of changes in the
deferred tax assets or liabilities during the period.
12.2 AmW{JV H$a AmpV`m| Ama Xo`VmAm| H$m AmH$bZ A{Y{Z`{_V H$a Xam|
Ama H$a H$mZyZm| AWdm VwbZn {V{W Ho$ H$m\$s nyd A{Y{Z`{_V Xam|
Ama H$mZyZ Ho$ AmYma na {H$`m J`m h & AmW{JV H$a AmpV`m| Ama
Xo`VmAm| H$m g_mdoe {ddoH$nyU AmYma na AmpV`m| Ama Xo`VmAm| Ho$
AJmZrV _y` Ama CZHo$ H$_e: H$a AmYma Ama AJmZrV hm{Z`m| Ho$
~rM Ad{YJV AVa H$mo `mZ _| aIH$a {H$`m J`m h & AmW{JV H$a
AmpV`m| Ama Xo`VmAm| _| hE n[adVZ H$m ^md bm^ Ama hm{Z ImVo
_| H$Q> {H$`m J`m h&
12.2 Deferred tax assets and liabilities are measured using tax
rates and tax laws that have been enacted or substantially
enacted prior to the balance sheet date. Deferred tax
assets and liabilities are recognised on a prudent basis
for the future tax consequences of timing differences
arising between the carrying values of assets and liabilities
and their respective tax bases, and carry forward losses.
The impact of changes in the deferred tax assets and
liabilities is recognised in the profit and loss account.
12.3 AmW{JV H$a AmpV`m| H$mo, dgybr H$s {ZpMVVm hmoZo Ho$ ~YZ Ho$
{ZU` Ho$ AmYma na, òH$ gy{MV {V{W H$mo aoIm{H$V Ama nwZ{ZYm[aV
{H$`m J`m h & m~ `h nyU $n go gw{ZpMV hmo J`m h {H$ Eogr
AmW{JV H$a AmpV`m| H$s dgybr ^mdr bm^ go H$s mm gH$Vr h, V~
AmW{JV H$a AmpV`m| H$m g_mdoe AZdemo{fV _y`mg Ama H$a
hm{Z`m| Ho$ AJofU na {H$`m J`m h&
12.4 Am` H$a `` CZH$s bmJy {d{Y`m| Ho$ AZwgma _yb H$nZr Ama CgH$s
AZwf{J`m|/g`wV C_m| Ho$ AbJ-AbJ {dmr` {ddaUm| _| XemE JE H$a
`` H$s Hw$b am{e h&
13. {V eoà Am`
13.1 ~H$ AmBgrEAmB mam mmar boIm _mZH$ 20 - "{V eoà Am`' Ho$ AZwgma
{V eoà _yb Ama H$_ hB Am` [anmoQ> H$aVm h & {V eoà _yb Am` H$s
JUZm H$amonamV {Zdb bm^ (Anme H$mo N>mSo >H$a) H$mo Cg df Ho$ {bE eof
B{dQ>r eoàm| H$s ^m[aV AmgV g`m go {d^m{OV H$aHo$ H$s mmVr h&
13.2 H$_ H$s hB {V eoà Am` `h X{eV H$aVr h {H$ `{X {V^y{V`m|
AWdm A` g{dXmAm| H$mo df Ho$ XmamZ mmar H$aZo `m gn[ad{VV H$aZo
H$m {dH$n {b`m J`m Vmo eoà _y`m| _| {H$VZr H$_r AmEJr & H$_ H$s
hB {V eoà Am` H$s JUZm df Ho$ AV _| ~H$m`m B{dQ>r eoàm| H$s
^m[aV AmgV g`m Ama H$_ g^mdZm dmbo B{dQ>r eoàm| Ho$ ~rM
VwbZm H$aHo$ H$s mmVr h&
C231 K231
12.3 Deferred tax assets are recognised and reassessed at each

reporting date, based upon managements judgement as
to whether realisation is considered reasonably certain.
Deferred tax assets are recognised on carry forward of
unabsorbed depreciation and tax losses only if there is
virtual certainty that such deferred tax assets can be
realised against future profits.
12.4 Income tax expenses are the aggregate of the amounts
of tax expense appearing in the separate financial
statements of the parent and its subsidiaries/joint
ventures, as per their applicable laws.
13. Earning per Share
13.1 The Bank reports basic and diluted earnings per share in
accordance with AS 20 -Earnings per Share issued by
the ICAI. Basic earnings per share are computed by
dividing the net profit after tax (other than minority) by
the weighted average number of equity shares
outstanding for the year.
13.2 Diluted earnings per share reflect the potential dilution
that could occur if securities or other contracts to issue
equity shares were exercised or converted during the year.
Diluted earnings per share are computed using the
weighted average number of equity shares and dilutive
potential equity shares outstanding at year end.
232
14. Provisions, Contingent Liabilities and Contingent Assets
14. mdYmZ, AmH$p_H$ Xo`VmE Ama AmH$p_H$ AmpV`m

14.1 ^maVr` gZXr boImH$ma gWmZ Ho$ boIm _mZH$ 29 ""mdYmZ, AmH$p_H$
Xo`VmE Ama AmH$p_H$ AmpV`m'' Ho$ AZwgma mmar {nN>bo n[aUm_ go
CX^yV dV_mZ Xm{`d hmoZo na hr ~H$ mdYmZm| H$m g_mdoe H$aVm h, `h
g^d h {H$ Xm{`d H$s MwH$mVr _| Am{WH$ bm^ H$mo g_m{d> H$aZo dmbo
ggmYZm| Ho$ ~{hJ_Z H$s Amd`H$Vm nSo>Jr Ama V^r Bg Xm{`d am{e
H$m {ddV mH$bZ {H$`m mm gH$Vm h&
14.1 In conformity with AS 29, Provisions, Contingent

Liabilities and Contingent Assets, issued by the Institute
of Chartered Accountants of India, the Bank recognises
provisions only when it has a present obligation as a result
of a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle
the obligation, and when a reliable estimate of the
amount of the obligation can be made.
14.2 {ZZ{b{IV Ho$ {bE {H$gr mdYmZ H$m g_mdoe Zht {H$`m J`m h
i.
14.2 No provision is recognised for
{nN>bo n[aUm_ go CX^yV {H$gr g^m{dV Xm{`d Ho$ {bE Ama ~H$
Ho$ {ZÙ go ~mha hmoZo dmbo EH$ `m A{YH$ A{ZpMV ^mdr
n[aUm_m| H$s m{V `m Am{V go {mgH$s nw{> H$s mm gHo$Jr;
AWdm
ii. {H$gr dV_mZ Xm{`d Ho$ {bE, mmo {nN>bo n[aUm_m| go CX^Vy h, {H$Vw
CgH$m g_mdoe Zht {H$`m J`m h, `m|{H$
H$. `h g^d Zht h {H$ Xm{`d Ho$ {ZYmaU _| Am{WH$ bm^m| H$mo
g_m{d> H$aZo dmbo ggmYZm| H$m ~{hJ_Z Amd`H$ hmoJm;
AWdm
I. Xm{`d am{e H$m {ddV mH$bZ Zht {H$`m mm gH$Vm&
Eogo Xm{`dm| H$mo AmH$p_H$ Xo`VmAm| Ho$ $n _| Xm {H$`m
J`m h. BZ Xm{`dm| H$m {Z`{_V AVambm| na _y`mH$Z {H$`m
mmVm h Ama Eogo Xm{`d Ho$ Ho$db Cg Ae H$m, {mgHo$
Am{WH$ bm^m| H$mo g_m{d> H$aZo dmbo ggmYZm| Ho$ ~{hJ_Z
H$s g^mdZm h, {ZVmV {dabr n[apW{V`m|, {mZ_| H$moB
{ddV mH$bZ Zht {H$`m mm gH$Vm h, H$mo N>moS>H$a
mdYmZ {H$`m J`m h&
14.3 AmH$p_H$ AmpV`m| H$mo {dmr` {ddaUm| _| em{_b Zht {H$`m J`m h&
15. eoà mmar H$aZo Ho$ ``
eoà mmar H$aZo Ho$ `` eoà r{_`_ ImVo _| IM Ho$ $n _| {XImE
JE h&
C232 K232
i.
any possible obligation that arises from past events

and the existence of which will be confirmed only
by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control
of the group entities ; or
ii.
any present obligation that arises from past events

but is not recognised because
a.
it is not probable that an outflow of resources

embodying economic benefits will be required
to settle the obligation; or
b.
a reliable estimate of the amount of obligation

cannot be made.
Such obligations are recorded as Contingent
Liabilities. These are assessed at regular intervals
and only that part of the obligation for which
an outflow of resources embodying economic
benefits is probable, is provided for, except in
the extremely rare circumstances where no
reliable estimate can be made.
14.3 Contingent Assets are not recognised in the financial

statements.
15. Share Issue Expenses
Share issue expenses are charged to the Share Premium
Account.
233
- 18
SCHEDULE 18
NOTES TO ACCOUNTS:
(am{e H$amoS> nò _|)
1. / /
:
1.1 29 ,
8 25 (
) :
)
.
- (%)
.

1)
75.07
75.07
2)
100.00 100.00
3)
92.33
92.33
4)
100.00 100.00
5)
75.01
75.01
6)
(28.07.2011 )
100.00 100.00
7)
100.00 100.00
8)
100.00 100.00
9)
100.00 100.00
10)
100.00 100.00
11)
71.56
71.56
12)

100.00 100.00
13)
86.18
86.82
14) .
98.15
98.15
15)
. @
65.00
65.00
16) .@
74.00
74.00
17) . .
100.00 100.00
18) ()
100.00 100.00
19) ()
100.00 100.00
20) () .
93.40
93.40
21)
76.00
76.00
22) () .
100.00 100.00
23)
@
60.00
60.00
24) . .@
63.00
63.00
25) . .@
74.00
74.00
26) @ 60.00
60.00
27) .
55.05
55.05
28)
() . .@
63.00
63.00
29) () .
100.00 100.00
@
` ' 21
50%

C233 K233
(Amount in Rupees in crores)
1.
List of Subsidiaries/Joint Ventures/Associates considered for

preparation of consolidated financial statements:
1.1 The 29 Subsidiaries, 8 Joint Ventures and 25 Associates
(which along with State Bank of India, the parent,
constitute the Group), considered in the preparation of
the consolidated financial statements, are
A)
Subsidiaries:
Sr.
No
Name of the Subsidiary
1) State Bank of Bikaner & Jaipur
Country of Groups Stake (%)

Incorporation Current Previous
Year
Year
India 75.07 75.07
2) State Bank of Hyderabad
India 100.00 100.00
3) State Bank of Mysore
India
4) State Bank of Patiala
India 100.00 100.00
92.33
5) State Bank of Travancore
India
6) SBI Commercial & International

Bank Ltd. (upto 28.07.2011)
India 100.00 100.00
7) SBI Capital Markets Ltd.
India 100.00 100.00
8) SBICAP Securities Ltd.
India 100.00 100.00
9) SBICAP Trustee Company Ltd.
India 100.00 100.00
75.01
92.33
75.01
10) SBICAPS Ventures Ltd.
India 100.00 100.00
11) SBI DFHI Ltd.
India
12) SBI Mutual Fund Trustee Company Pvt Ltd.
India 100.00 100.00
13) SBI Global Factors Ltd.
India
86.18
86.82
14) SBI Pension Funds Pvt Ltd.
India
98.15
98.15
15) SBI SG Global Securities

Services Pvt. Ltd. @
India
65.00
65.00
16) SBI General Insurance

Company Ltd. @
India
74.00
74.00
17) SBI Payment Services Pvt. Ltd.
India 100.00 100.00
18) State Bank of India (Canada)

19) State Bank of India (California)
71.56
71.56
Canada 100.00 100.00

USA 100.00 100.00
20) SBI (Mauritius) Ltd.
Mauritius
93.40
93.40
21) PT Bank SBI Indonesia
Indonesia
76.00
76.00
22) SBICAP (UK) Ltd.
U.K. 100.00 100.00
23) SBI Cards and Payment

Services Pvt. Ltd. @
India
60.00
60.00
24) SBI Funds Management Pvt. Ltd. @
India
63.00
63.00
25) SBI Life Insurance Company Ltd. @
India
74.00
74.00
26) Commercial Bank of India Llc. ,

Moscow @
Russia
60.00
60.00
27) Nepal SBI Bank Ltd.
Nepal
55.05
55.05
28) SBI Funds Management

(International) Private Ltd. @
Mauritius
63.00
63.00
29) SBICAP (Singapore) Ltd.
Singapore 100.00 100.00
@ Represents companies which are jointly controlled entities in terms of

the shareholders' agreement. However, the same are consolidated as
subsidiaries in accordance with AS 21 "Consolidated Financial Statements"
as SBI is holding in these companies in excess of 50%.
)
.
.
1)
2)
3)
4)
5)
6)
7)
8)
)
.
.
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
21)
22)
23)
24)
25)
..

..

..

.

- . .
. .
234
- (%)

49.00
49.00
40.00
40.00
B)
Joint Ventures
Sr.
No
Name of the Joint Venture
1) C - Edge Technologies Ltd.

2) GE Capital Business
Process Management
Services Pvt Ltd.

Year
Year
India 49.00 49.00
India 40.00
40.00
3) SBI Macquarie Infrastructure

Management Pvt. Ltd.
India 45.00
45.00
45.00
45.00
4) SBI Macquarie Infrastructure

Trustee Pvt. Ltd.
India 45.00
45.00
45.00
45.00
5) Macquarie SBI Infrastructure

Management Pte. Ltd.
Singapore 45.00
45.00
Bermuda 45.00
45.00
45.00
45.00
6) Macquarie SBI Infrastructure

Trustee Ltd.
45.00
45.00
50.00
50.00
7) Oman India Joint

Investment Fund
Trustee Company Pvt. Ltd.
India 50.00
50.00
8) Oman India Joint Investment Fund

Management Company Pvt. Ltd.
India 50.00
50.00
50.00
50.00
- (%)

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

35.00
35.00

26.27
26.27

35.00
35.00

35.00
35.00

32.32
32.32

35.00
35.00

35.00
35.00
29.22
29.22
.
20.00
20.00

25.05
25.05
C234 K234
C) Associates:
Sr. Name of the Associate
No
1) Andhra Pradesh Grameena Vikas Bank
2) Arunachal Pradesh Rural Bank

Year
Year
India 35.00 35.00
India 35.00
35.00
3) Chhatisgarh Gramin Bank
India 35.00
35.00
4) Ellaquai Dehati Bank
India 35.00
35.00
5) Meghalaya Rural Bank
India 35.00
35.00
6) Krishna Grameena Bank
India 35.00
35.00
7) Langpi Dehangi Rural Bank
India 35.00
35.00
8) Madhya Bharat Gramin Bank
India 35.00
35.00
9) Mizoram Rural Bank
India 35.00
35.00
10) Nagaland Rural Bank
India 35.00
35.00
11) Parvatiya Gramin Bank
India 35.00
35.00
12) Purvanchal Kshetriya Gramin Bank
India 35.00
35.00
13) Samastipur Kshetriya Gramin Bank
India 35.00
35.00
14) Utkal Gramya Bank
India 35.00
35.00
15) Uttaranchal Gramin Bank
India 35.00
35.00
16) Vananchal Gramin Bank
India 35.00
35.00
17) Marwar Ganganagar Bikaner Gramin Bank
India
26.27
26.27
18) Vidisha Bhopal Kshetriya Gramin Bank
India 35.00
35.00
19) Deccan Grameena Bank
India 35.00
35.00
20) Cauvery Kalpatharu Grameena Bank
India 32.32
32.32
21) Malwa Gramin Bank
India 35.00
35.00
22) Saurashtra Gramin Bank
India 35.00
35.00
23) The Clearing Corporation of India Ltd.

24) Bank of Bhutan Ltd.
25) SBI Home Finance Ltd.
India 29.22
29.22
Bhutan 20.00
20.00
India 25.05
25.05
235

. , 2011
,
. () 29 2011
("") /
. . 10,20,670
(0.64%)
. 86.1fu8%
.
`585.00
. ,

`

4.33

13.30

23.80

2.10

1.78

7.88

47.60

5.25

19.60
125.64
1.2 ., ,
23 2008

31 2009
1.3 ., ,
( ) ,
31 2011

2.
:
2.1 , `10/-
3,60,45,243 , `2,181.69
`7,900.00

`7,900.00 `36.05
`7,863.95

2.2 2008
` 9,60,360/- `1,580/-
`10/-
604 `9,60,360/ `6,040
`9,54,320/-
2.3
`10/- 83,511 ( 84,115)
,

2.4 `8.78

C235 K235
a.
Consequent to the notification of the "Acquisition of

State Bank of India Commercial & International Bank
Ltd Order, 2011" issued by the Govt. of India, the
undertaking of State Bank of India Commercial &
International Bank Ltd. (SBICI) stands transferred to
and vests in State Bank of India ("the Bank"), with
effect from July 29, 2011, the effective date.
b.
SBI has sold 10,20,670 shares (0.64%) in SBI Global

Factors Limited to SIDBI, after which SBI's stake in SBI
Global Factors Limited reduced to 86.18%.
c.
During the year, SBI has infused additional capital of

`585.00 Crores in State Bank of Bikaner & Jaipur
towards Right Issue.
d.
During the year, SBI has infused additional capital in

the following RRBs:` In crores
Regional Rural Banks

Arunachal Pradesh Rural Bank
Amount
4.33
Chhattisgarh Gramin Bank
13.30
Ellaquai Dehati Bank
23.80
Langpi Dehangi Rural Bank
2.10
Nagaland Rural Bank
1.78
Samastipur Kshetriya Gramin Bank
7.88
Utkal Gramya Bank

Uttaranchal Gramin Bank
Vananchal Gramin Bank
Total
47.60
5.25
19.60
125.64
1.2 The winding up petition of SBI Home Finance Ltd., an associate

of SBI, was filed with the Kolkata High Court on September
23, 2008. The Hon'ble Court has passed an order on March
31, 2009 giving direction for winding up of the company.
1.3 Bank of Bhutan Ltd., an associate of SBI follows accounting
year (Gregorian Calendar Year) different from that of the
parent. Accordingly, the financial statements of the associate
are made as of December 31, 2011.
2.
Share capital:
2.1 During the year, SBI has allotted 3,60,45,243 shares of
`10/- each for cash at a premium of `2,181.69 per equity
share aggregating to `7,900.00 crores under Preferential
Allotment to GOI. Out of the total subscription of
`7,900.00 crores received from GOI, an amount of
`36.05 crores was transferred to Share Capital Account
and `7,863.95 crores to Share Premium Account.
2.2 SBI has allotted 604 equity shares of `10/- each for
cash at a premium of `1,580/- per equity share
aggregating to `9,60,360/- out of shares kept in
abeyance under Right Issue - 2008. Out of the total
subscription of `9,60,360/- received, `6,040/- was
transferred to Share Capital Account and ` 9,54,320/to Share Premium Account.
2.3 SBI has kept in abeyance the allotment of 83,511
(Previous Year 84,115) Equity Shares of `10/- each
issued as a part of Rights issue, since they are subject
to title disputes or are subjudice.
2.4 Expenses in relation to the issue of shares of `8.78
crores debited to Share Premium Account.
3.
236
-
3.1.1
-15 ( 2005
) - ,

,

`559.05 ( `931.70 )
` '

3.
Employee Benefits
3.1.1 Employees Provident Fund
In terms of the guidance on implementing the AS-15
(Revised 2005) "Employees Benefits" issued by the
ICAI, the Employees Provident Fund set up by the
group is treated as a defined benefit plan since the
group has to meet the specified minimum rate of
return. As at the year end, no shortfall remains
unprovided for. Accordingly, other related disclosures
in respect of Provident Fund have not been made and
an amount of `559.05 Crores (Previous Year `931.70
Crores) is recognised as an expense towards the
Provident Fund scheme of the group included under
the head "Payments to and provisions for employees"
in Profit and Loss Account.
3.1.2
1 2010
/
`52.47 ( `11.75 )
(
, ,
,
) 1 2010
`8.39
( `1.53 )
3.1.2 Defined Contributions

SBI has contributed `52.47 Crores (previous year
`11.75 Crores) to the New Pension Scheme for all
officers and employees joining the Bank on or after
1st August 2010 and Domestic Banking Subsidiaries
(comprising State Bank of Bikaner & Jaipur, State Bank
of Hyderabad, State Bank of Mysore, State Bank of
Patiala and State Bank of Travancore) has contributed
`8.39 Crores (previous year `1.53 Crores) to the
Defined Contributory Pension Scheme for employees
joining on or after 1st April 2010.
3.1.3
-15 ( 2005)
:
3.1.3 Defined Benefit Plans

The following table sets out the status of the defined
benefit Pension Plan and Gratuity Plan as required
under AS 15 (Revised 2005):-
-

1 2011

( )
()
(
)
/ ()

31 2012

1 2011

41829.01 27015.65 7657.28 5253.54

25.03
131.09
1372.84 1216.08 323.20 280.78

3589.99 2281.45 655.56 406.54
82.00 2224.44
783.14
1241.58
757.88
7927.41
1545.71 1887.15 421.85 826.28

(1556.33) (1184.08) (674.67) (650.88)
(931.88) (780.67)
45956.37 41829.01 8514.31 7657.28

22890.06 19347.13 5427.96 5126.77
25.03
2.16
1947.08 1552.50 462.84 417.25

11797.59 1815.59 1770.95 508.69
599.25
(1556.33) (1184.08) (674.67) (650.80)
C236 K236
Particulars
Change in the present value of the

defined benefit obligation
Opening defined benefit
obligation at 1st April 2011
Liability on merger of SBICI
Current Service Cost
Interest Cost
Past Service Cost (Vested Benefit)
Past Service Cost (Amortised)
Past Service Cost (Vested Benefit
recognised in Reserves)
Actuarial losses / (gains)
Benefits paid
Direct Payment by SBI
Closing defined benefit obligation
at 31st March 2012
Change in Plan Assets
Opening fair value of plan assets
at 1st April 2011
Plan Assets of SBICI transfer to SBI
Expected Return on Plan assets
Contributions by employer
Contribution from members
Benefits Paid
Pension Plans
Gratuity
Current
Year
Previous
Year
Current Previous
Year
Year
41829.01
25.03
1372.84
3589.99
82.00
Nil
27015.65
Nil
1216.08
2281.45
2224.44
1241.58
7657.28 5253.54
131.09
Nil
323.20 280.78
655.56 406.54
Nil 783.14
Nil 757.88
Nil
1545.71
(1556.33)
(931.88)
7927.41
1887.15
(1184.08)
(780.67)
Nil
Nil
421.85 826.28
(674.67) (650.88)
Nil
Nil
45956.37
41829.01
8514.31
22890.06 19347.13
25.03
Nil
1947.08 1552.50
11797.59 1815.59
Nil
599.25
(1556.33) (1184.08)
7657.28
5427.96 5126.77
2.16
Nil
462.84 417.25
1770.95 508.69
Nil
Nil
(674.67) (650.80)
/ ()
31 2012

31 2012

31 2012
/ ( )

/ ()

/ ()

()
/ ()

-
()

( )

/ ()

16 `
' .

/ ()

237

774.28
759.67
163.83
26.05
35877.71 22890.06 7153.07 5427.96
Particulars
Pension Plans
Gratuity
Current
Year
774.28
Previous
Year
759.67
Current Previous
Year
Year
163.83
26.05
35877.71
22890.06
7153.07
Present Value of Funded obligation

at 31st March 2012
45956.37
41829.01
8514.31 7657.28
Fair Value of Plan assets

at 31st March 2012
35877.71
22890.06
7153.07 5427.96
Deficit/(Surplus)
10078.66
18938.95
1361.24 2229.32
Actuarial Gains / (Losses)

Closing fair value of plan assets
at 31st March 2012
5427.96
Reconciliation of present value of

the obligation and fair value of
the plan assets
45956.37
35877.71
10078.66
424.49
9654.17
41829.01 8514.31 7657.28

22890.06 7153.07 5427.96
18938.95 1361.24 2229.32
985.32 442.42 628.78
17953.63 918.82 1600.54
Unrecognised Past Service Cost

(Vested) Closing Balance
424.49
985.32
9654.17
17953.63
442.42
628.78
45956.37 41829.01 8514.31 7657.28

35877.71 22890.06 7153.07 5427.96
10078.66 18938.95 1361.24 2229.32
Net Liability/(Asset )
Liabilities
45956.37
41829.01
8514.31 7657.28
424.49 985.32
9654.17 17953.63
Assets
35877.71
22890.06
7153.07 5427.96
Net Liability / (Asset) recognised

in Balance Sheet
10078.66
18938.95
1361.24 2229.32
Unrecognised Past Service Cost

(Vested) Closing Balance
424.49
985.32
442.42
628.78
Net Liability/ (Asset)
9654.17
17953.63
918.82
1600.54
1372.84
1216.08
323.20
280.78
655.56
406.54
442.42 628.78
918.82 1600.54
1372.84 1216.08 323.20 280.78

3589.99 2281.46 655.56 406.54
(1947.08) (1552.50) (462.84) (417.25)
151.91 381.00 136.53 236.94
Amount Recognised in
the Balance Sheet
Net Cost recognised in

the profit and loss account
Current Service Cost
Interest Cost
82.00
193.75
675.22
(32.71)
771.43
1127.47
258.02
800.23
3988.38
3647.26
910.47 1982.46
1947.08
774.28
1552.50
759.67
462.84
163.83
417.25
26.05
2721.36
2312.17
626.67 443.30
918.82 1600.54
3589.99
2281.46
(1947.08)
(1552.50)
151.91
381.00
136.53
236.94
82.00
193.75
Nil
675.22
Excess Provision of Earlier

Years reversed
(32.71)
Nil
Nil
Nil
Net Actuarial Losses / (Gains)

recognised during the year
771.43
1127.47
258.02
800.23
Total costs of defined benefit plans

included in Schedule 16 Payments
to and provisions for employees
3988.38
3647.26
910.47
1982.46
Expected return on plan assets

Past Service Cost (Amortised)
Recognised
Past Service Cost (Vested Benefits)
Recognised
(462.84) (417.25)
Reconciliation of expected return

and actual return on Plan Assets
1947.08
1552.50
462.84
417.25
Actuarial Gains/ (Losses) on Plan Assets
774.28
759.67
163.83
26.05
Actual Return on Plan Assets
2721.36
2312.17
626.67
443.30
126.77
Opening Net Liability as at 1st April 2011 17953.63
7668.52
1600.54
126.77
910.47 1982.46
Expenses as recognised in profit

and loss account
3988.38
3647.26
/
()

Expected Return on Plan Assets
Reconciliation of opening and

closing net liability/ (asset)
recognised in Balance Sheet
1 2011

17953.63
7668.52 1600.54
3988.38
3647.26
C237 K237
910.47 1982.46
238
Net Liability on merger of SBICI
(931.88) (780.67)
Paid by SBI Directly
1306.70
7927.41
(11797.59) (1815.59) (1770.95) (508.69)
21.01
(14.94)
9233.55 17953.63
854.05 1600.54
31 2012 :

%
%
28.52
24.07
29.77
0.08
17.56
100%
20.32
21.08
26.60
17.90
14.10
100%
Previous
Year
Gratuity
Current Previous
Year
Year
Nil
Nil
128.93
Nil
(931.88)
(780.67)
Nil
Nil
Debited to Other Provision
Nil
1306.70
Nil
Nil
Recognised in Reserve
Nil
7927.41
Nil
Nil
Employers Contribution
(11797.59)
Past Service Cost

Net liability/(Asset) recognised
in Balance Sheet
(1815.59) (1770.95) (508.69)
21.01
Nil
(14.94)
Nil
9233.55
17953.63
854.05
1600.54
Investments under Plan Assets of Gratuity Fund & Pension Fund as

on 31st March 2012 are as follows:
Pension
Fund
Gratuity
Fund
% of Plan
Assets
% of Plan
Assets
Central Govt. Securities
28.52
20.32
State Govt. Securities
24.07
21.08
Public Sector & Corporate Bonds
29.77
26.60
0.08
17.90
Others
17.56
14.10
Total
100%
100%
Pension Plans
Gratuity
Category of Assets
Insurer Managed Funds
Principal actuarial assumptions;
Pension Plans
Current
Year
128.93
/()
Particulars

8.25%

8%
Particulars

8.25%
8%
9%
8.50%
8.75%
8.50%
7.50%
8.60 %
7.50%
8 %
7.50%
8.60 %
7.50%
8 %
3% 6 %
2% 6 %
3% 6 %
2% 6 %
,
, ,
-

/

-
-
3.1.4
`644.60 (
`933.09 )
` '

, -
;
C238 K238
Current
Year
Previous
Year
Current Previous
Year
Year
Discount Rate
8.25% to
9%
8% to 8.25% to
8.50%
8.75%
8% to
8.50%
Expected Rate of return

on Plan Asset
7.50%
to 8.60 %
7.50%
7.50%
to 8 % to 8.60 %
7.50%
to 8 %
Salary Escalation
3% to 6 %
2% to 6 % 3% to 6 % 2% to 6 %
The estimates of future salary growth, factored in actuarial

valuation, take account of inflation, seniority, promotion and
other relevant factors such as supply and demand in the
employment market. Such estimates are very long term and
are not based on limited past experience / immediate future.
Empirical evidence also suggests that in the very long term,
consistent high salary growth rates are not possible, which
has been relied upon by the auditors.
3.1.4 Other Long term Employee Benefits
Amount of `644.60 Crores (Previous Year `933.09 Crores)
is provided towards Long term Employee Benefits and is
included under the head "Payments to and provisions for
employees" in Profit and Loss account.
Details of Provisions made for various long Term Employees'
Benefits during the year;
239
1 ()-

455.89
694.18
2
( / )
54.90
72.29
3
92.93
81.73
4
6.41
35.16
5
13.92
(8.55)
6
15.19
13.73
7
5.36
44.55
644.60
933.09
3.1.5

3.1.6
3.1.6.1
9 2011
. ... 80/21.04.018/2010-11 ,
31
2011 5

, `212.25 31 2012

31 2012 `634.66

3.1.6.2
31 2011
2011-12
`360.46

`1,080.87

3.2
3.2.1
) ( )
/

/

-

, ,
-
:
C239 K239
Sl. Long Term

No. Employees' Benefits
Current Previous
Year
Year
Privilege Leave (Encashment) incl. leave

encashment at the time of retirement
455.89 694.18
2
Leave Travel and Home Travel
Concession (Encashment/Availment)
54.90
72.29
3
Sick Leave
92.93
81.73
4
Silver Jubilee Award
6.41
35.16
5
Resettlement Expenses on
Superannuation
13.92
(8.55)
6
Casual Leave
15.19
13.73
7
Retirement Award
5.36
44.55
Total
644.60 933.09
3.1.5 The employee benefits listed above are in respect of the
employees of the Group based in India. The employees of
the foreign operations are not covered in the above schemes.
3.1.6 Unamortised Pension & Gratuity Liabilities
3.1.6.1 Gratuity
In accordance with RBI circular No. DBOD.BP.BC.80/
21.04.018 / 2010-11 dated February 9, 2011, SBI and
its domestic banking subsidiaries have opted to
amortise the additional liability on account of
enhancement in Gratuity limit over a period of 5 years
beginning with the financial year ended March 31,
2011. Accordingly, the group has charged a sum of
`212.25 crore to the Profit & Loss Account, being the
proportionate amount for the year ended March 31,
2012. The unamortized liability of `634.66 crores as
on March 31, 2012 will be amortized proportionately
in accordance with the above circular.
3.1.6.2 Pension
The domestic banking subsidiaries have charged an
amount of `360.46 crores to Profit & Loss Account in
the FY 2011-12 towards the pension option given in
FY ended March 31, 2011 to employees who had not
opted for the pension scheme earlier, being amortized
over 5 years beginning from the year ended March 31
2011. The balance amount of `1,080.87 crores will be
charged proportionately as per the directions
contained in the said circular.
3.2
Segment Reporting
3.2.1 Segment identification
A)
Primary (Business Segment)

The following are the Primary Segments of the
Group:
Treasury
Corporate / Wholesale Banking
Retail Banking
Insurance Business
Other Banking Business
The present accounting and information system of the Bank
does not support capturing and extraction of the data in respect
of the above segments separately. However, based on the
present internal, organisational and management reporting
structure and the nature of their risk and returns, the data on
the Primary Segments have been computed as under:
240
) :
:
- /

) / : /
,

/
) :

) :
.

) : () ()
,

. .
. . - /

a)
b)
c)
d)
e)
B)
) ( ):
i) - ,

ii) - ,

) , :
/

,
/

3.2.2

:
1) -

2)

3)
, ``
''
C240 K240
C)
Treasury: The Treasury Segment includes the entire

investment portfolio and trading in foreign exchange
contracts and derivative contracts. The revenue of the
treasury segment primarily consists of fees and gains
or losses from trading operations and interest income
on the investment portfolio.
Corporate / Wholesale Banking: The Corporate /
Wholesale Banking segment comprises the lending
activities of Corporate Accounts Group, Mid Corporate
Accounts Group and Stressed Assets Management Group.
These include providing loans and transaction services
to corporate and institutional clients and further include
non treasury operations of foreign offices/entities.
Retail Banking: The Retail Banking Segment comprises
of branches in National Banking Group, which primarily
includes personal Banking activities including lending
activities to corporate customers having Banking
relations with branches in the National Banking Group.
This segment also includes agency business and ATMs
Insurance Business The Insurance Business Segment
comprises of the results of SBI Life Insurance Co. Ltd.
and SBI General Insurance Co. Ltd.
Other Banking business Segments not classified
under (a) to (d) above are classified under this primary
segment. This segment also includes the operations
of all the Non-Banking Subsidiaries/Joint Ventures
other than SBI Life Insurance Co. Ltd. and SBI General
Insurance Co. Ltd. of the group.
Secondary (Geographical Segment):
i)
Domestic operations - Branches, Subsidiaries
and Joint Ventures having operations in India.
ii)
Foreign operations - Branches, Subsidiaries and
Joint Ventures having operations outside India and
offshore banking units having operations in India.
Allocation of Expenses, Assets and liabilities

Expenses of parent incurred at Corporate Centre
establishments directly attributable either to
Corporate/Wholesale and Retail Banking Operations
or to Treasury Operations segment, are allocated
accordingly. Expenses not directly attributable are
allocated on the basis of the ratio of number of
employees in each segment/ratio of directly
attributable expenses.
3.2.2 The accounting policies adopted for segment reporting
are in line with the accounting policies adopted in the
parents financial statements with the following
additional features:
1)
Pricing of inter-segment transactions between
the Non Banking Operations segment and other
segments are market led. In respect of
transactions between treasury and other
banking business, compensation for the use of
funds is reckoned based on interest and other
costs incurred by the lending segment.
2)
Revenue and expenses have been identified to
segments based on their relationship to the
operating activities of the segment.
3)
Revenue and expenses, which relate to the
enterprise as a whole and are not allocable to
segments on a reasonable basis, have been
included under Unallocated Expenses.
241
3.2.3 AzL>\pZ _tESp

3.2.3 SEGMENT INFORMATION
: ()
PART A: PRIMARY (BUSINESS) SEGMENTS:

Business Segment
Revenue
Result
()
Unallocated (Income)
()
Unallocated (Expenses)
()
Operating Profit (PBT)
Taxes
/
Extraordinary Profit/Loss

Net Profit
Treasury
Corporate /
Wholesale
Banking
Retail
Banking
Insurance
Business
Other
Banking
Operations
Elimination
31923.89
(25019.96)
56017.05
(45337.75)
72593.56
(58612.55)
13932.27
(16016.57)
2566.05
(2857.09)
()
177032.82
(147843.92)
-478.88
(- 1404.68)
9336.06
(8240.18)
18598.40
(15547.80)
528.14
(330.39)
879.09
(791.53)
()
28862.81
(23505.22)
()
()
()
()
()
()
()
()
()
()
()
()
()
4250.01
(3585.46)
()
()
()
()
()
()
24612.80
(19919.76)
()
()
()
()
()
()
8639.50
(8739.82)
()
()
()
()
()
()
()
()
()
()
()
()
()
15973.30
(11179.94)
455509.50
(416212.50)
578913.35
(535879.58)
720244.38
(637695.87)
48967.47
(39722.33)
9058.01
(7354.53)
()
1812692.71
(1636864.81)
()
()
()
()
()
()
17263.46
(11033.44)
()
()
()
()
()
()
1829956.17
(1647898.25)
256921.38
(202393.63)
506927.45
(496020.54)
849091.39
(766973.70)
46312.21
(37517.06)
6157.75
(4477.68)
()
1665410.18
(1507382.61)
()
()
()
()
()
()
58315.98
(57044.39)
()
()
()
()
()
()
1723726.16
(1564427.00)
TOTAL
:
Other Information:

Segment Assets

Unallocated Assets

Total Assets

Segment Liabilities

Unallocated Liabilities

Total Liabilities
: ()
PART B : SECONDARY (GEOGRAPHIC) SEGMENTS:
<\\ZN
Particulars
Revenue
Results
Assets
Liabilities
i)
ii)
i)
ii)
Qu ] r TqZEp[S
<\Qu ] r TqZEp[S
YpuB
Domestic Operations
Foreign Operations
Total
169325.85
(141339.46)
7706.97
(6504.46)
177032.82
(147843.92)
25779.07
(21384.24)
1631595.81
(1490113.17)
1527911.77
(1408810.71)
3083.74
(2120.98)
198360.36
(157785.08)
195814.39
(155616.29)
28862.81
(23505.22)
1829956.17
(1647898.25)
1723726.16
(1564427.00)
/ / 31 2012

Income/Expenses are for the whole year. Assets/Liabilities are as at 31st March 2012.
Figures within brackets are for previous year.
C241 K241
242
3.3 :
3.3.1 :
) :
1. . .
2. .
3. ..
4. ..
5. ..
6. .
7. - . .
8. - . .
) :
i)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
ii
3.3 Related Party Disclosures:

3.3.1 Related Parties to the Group:
A)
JOINT VENTURES:
1.
B)
i)
GE Capital Business Process Management Services

Private Limited.
2.
C - Edge Technologies Ltd.
3.
SBI Macquarie Infrastructure Management

Pvt. Ltd.
4.
SBI Macquarie Infrastructure Trustee Pvt. Ltd.
5.
Macquarie SBI Infrastructure Management

Pte. Ltd.
6.
Macquarie SBI Infrastructure Trustee Ltd.
7.
Oman India Joint Investment Fund - Management

Company Pvt. Ltd.
8.
Oman India Joint Investment Fund - Trustee

Company Pvt. Ltd.
ASSOCIATES:
Regional Rural Banks
1.
Andhra Pradesh Grameena Vikas Bank
2.
Arunachal Pradesh Rural Bank
3.
Cauvery Kalpatharu Grameena Bank
4.
Chhatisgarh Gramin Bank
5.
Deccan Grameena Bank
6.
Ellaquai Dehati Bank
7.
Meghalaya Rural Bank
8.
Krishna Grameena Bank
9.
Langpi Dehangi Rural Bank
10. Madhya Bharat Gramin Bank

11. Malwa Gramin Bank
12. Marwar Ganganagar Bikaner Bank
13. Mizoram Rural Bank
14. Nagaland Rural Bank
15. Parvatiya Gramin Bank
16. Purvanchal Kshetriya Gramin Bank
17. Samastipur Kshetriya Gramin Bank
18. Saurashtra Gramin Bank
19. Utkal Gramya Bank
20. Uttaranchal Gramin Bank
21. Vananchal Gramin Bank
22. Vidisha Bhopal Kshetriya Gramin Bank
23.
24.
25.
26.

.
.
. . . (15.03.2011 )
) :
1. , (07.04.2011 )
2. . ,
( ) (30.06.2011 )
C242 K242
ii)
Others
23. The Clearing Corporation of India Ltd.
24. Bank of Bhutan Ltd.
25. SBI Home Finance Ltd.
26. S. S. Ventures Services Ltd. (upto 15.03.2011)
C)
Key Management Personnel of the Bank:

1.
Shri Pratip Chaudhuri, Chairman (from 07.04.2011)
2.
Shri R. Sridharan, Managing Director & Group

Executive (A&S) (upto 30.06.2011)
243
3. . ,
( ) (07.04.2011 )
4. ,
(07.04.2011 )
5. . ,
( ) (07.04.2011 )
6. . . (31.03.2011 )
7. . . ,
(31.10.2010 )
3.3.2
:
() 18 9 `
'
18 5
-

3.3.3. :
()
()
0.04
()
1.29
()
()
1.29
()
(2.80)
()
(2.80)
12.15
()
()
12.15
()
177.87
(150.34)
()
177.87
(150.34)
156.04
(142.33)
0.68
(0.60)
156.72
(142.93)
2011-12
0.04
$
$

$
$
31 2012

#
#

#
#
#
3.
Shri Hemant G. Contractor, Managing Director &

Group Executive (International Banking) (from
07.04.2011)
4.
Shri Diwakar Gupta, Managing Director & Chief

Financial Officer (from 07.04.2011)
5.
Shri A. Krishna Kumar, Managing Director & Group

Executive (National Banking) (from 07.04.2011)
6.
Shri O. P. Bhatt, Chairman (upto 31.03.2011)
7.
Shri S. K. Bhattacharyya, Managing Director (upto

31.10.2010)
3.3.2 Related Parties with whom transactions were entered into during
the year:
No disclosure is required in respect of related parties, which
are "state controlled enterprises" as per paragraph 9 of
Accounting Standard (AS) 18. Further, in terms of paragraph
5 of AS 18, transactions in the nature of banker-customer
relationship are not required to be disclosed in respect of
Key Management Personnel and relatives of Key Management
Personnel.
3.3.3
Transactions and Balances:
Particulars
Associates/
Joint
Ventures
Key Management
Personnel &
their relatives
Total
Transactions during the year 2011-12

Interest received $
0.04
()
()
0.04
()
Interest paid $
1.29
()
()
1.29
()
Income earned by way

of Dividend $
(2.80)
()
(2.80)
Other Income $
12.15
()
()
12.15
()
Other Expenditure $
177.87
(150.34)
()
177.87
(150.34)
Management Contract $
156.04
(142.33)
0.68
(0.60)
156.72
(142.93)
Deposit#
126.54
(52.09)
(0.04)
126.54
(52.13)
Other Liabilities#
5.58
(10.62)
()
5.58
(10.62)
42.91
(42.91)
()
42.91
(42.91)
()
()
()
14.70
()
()
14.70
()
Outstanding as on 31st March 2012

126.54
(52.09)
(0.04)
126.54
(52.13)
5.58
(10.62)
()
5.58
(10.62)
42.91
(42.91)
()
42.91
(42.91)
()
()
()
14.70
()
()
14.70
()
( )
# 31
$

C243 K243
Payables
Receivables
Investments#
Advances #
Other Assets #
(Figures in brackets pertain to previous year)

# Balances as at 31st March
$ Transactions for the year
These are no material significant related party transactions during
the year.
244
3.4 :
3.4 Leases:

1 2001
: :
Finance Leases
Assets taken on Financial Leases on or after 1st April 2001:
The details of financial leases are given below:
Particulars
Current
Year
Previous
Year
2.58
0.43
Total Minimum lease payments

outstanding
1 5
7.19
0.73
Less than 1 year
2.58
0.43
1 to 5 years
7.19
0.73
9.77
1.16
9.77
1.16
Less than 1 year
0.22
0.11
1 to 5 years
0.16
0.10
0.38
0.21
Less than 1 year
1.82
0.32
1 to 5 years
6.08
0.63
7.90
0.95
5 years and above

Total
Interest Cost payable
0.22
0.11
1 5
0.16
0.10
0.38
0.21
Total
Present value of minimum lease
payments payable
1.82
0.32
1 5
6.08
0.63
7.90
0.95
5 years and above
5 years and above

Total
Operating Lease*
Premises taken on operating lease are given below:
Particulars
137.94
126.64
1 5
412.14
298.43
104.01
63.62
654.09
139.16
Current
Year
Previous
Year
Not later than 1 year
137.94
126.64
Later than 1 year and not

later than 5 years
412.14
298.43
Later than 5 years
104.01
63.62
488.69
Total
654.09
488.69
145.85
Amount of lease payments

recognised in the P&L Account
for the year.
139.16
145.85
Operating leases primarily comprise office premises and staff

residences, which are renewable at the option of the group
entities.
* In respect of Non-Cancellable leases only.
3.5 Earnings per Share:
3.5 :
20 - ` '
,

` '

C244 K244
The Bank reports basic and diluted earnings per equity share
in accordance with Accounting Standard 20 - "Earnings per
Share". "Basic earnings" per share is computed by dividing
consolidated net profit after tax (other than minority) by the
weighted average number of equity shares outstanding during
the year.
245
63,49,98,991
63,48,82,644
3,60,45,847
1,16,347

.
.

.

( )
(` )
Particulars
Current
Year
Previous
Year
63,49,98,991
63,48,82,644
3,60,45,847
1,16,347
Number of Equity Shares outstanding

at the end of the year
67,10,44,838
63,49,98,991
Weighted average number of

equity shares used in computing
basic earning per share
63,51,96,258
63,49,52,049
Weighted average number of

shares used in computing diluted
earning per share
63,51,96,258
63,49,52,049
15,343.10
10,684.95
Basic and diluted
67,10,44,838
63,51,96,258
63,51,96,258
63,49,98,991
63,49,52,049
63,49,52,049
Number of Equity Shares outstanding

at the beginning of the year
Number of Equity Shares issued
during the year
Net profit (Other than minority)

(` in Crores)
15,343.10
10,684.95
(`)
241.55
168.28
Basic earnings per share (`)
241.55
168.28
(`)
241.55
168.28
Diluted earnings per share (`)
241.55
168.28
10.00
10.00
10.00
10.00
(`)
Nominal value per share (`)

3.6 Accounting for taxes on Income:
3.6
i) , `691.65
[ `1,398.06 ]

i)
During the year, `691.65 Crores has been debited

[Previous Year `1,398.06 Crores has been debited] to
Profit and Loss Account by way of adjustment of
deferred tax.
ii)
:
ii)
The break up of deferred tax assets and liabilities into

major items is given below:
/ ()
31 2012 31 2011

As at
31-Mar
2012
As at
31-Mar
2011
128.01
118.35
Ex-gratia paid under Exit option
9.41
Provision for wage revision
308.43
2187.55
1943.24
655.22
552.11
2970.78
2931.54
16.12
31.73
2008.95
1034.68
736.62
427.60
2761.69
1494.01
209.09
1437.53
Particulars
Deferred Tax Assets
128.01
118.35
9.41
308.43
2187.55
655.22
2970.78
1943.24
552.11
2931.54
16.12
2008.95
736.62
2761.69
209.09
31.73
1034.68
427.60
1494.01
1437.53
C245 K245
Provision for non performing assets
Provision for long term

employee Benefits
Others
Total
Deferred Tax Liabilities
Depreciation on Fixed Assets
Interest on securities
Others
Total
Net Deferred Tax Assets/(Liabilities)
246
3.7 :
, ,
28 - `
'
3.8 ,
) - :

)

)
)
)
) mg

)
7959.87
691.65
(20.41)
8.39
7341.56
1398.06
(9.39)
9.58
14040.08
169.90
1304.76
10870.00
386.20
1261.35
855.60
(125.90)
24883.94
766.10
36.11
22059.57
( )
) :
)
)
)
)
3.7 Impairment of assets:

In the opinion of the Management, there is no impairment
to the assets during the year to which Accounting Standard
28 - "Impairment of Assets" applies.
3.8 Provisions, Contingent Liabilities & Contingent Assets:
a)
Break up of provisions:
Particulars
a)
Current
Year
Previous
Year
Current Tax
7959.87
7341.56
Deferred Tax
691.65
1398.06
Fringe Benefit Tax
(20.41)
(9.39)
8.39
9.58
14040.08
10870.00
169.90
386.20
Provision for Taxation
Other Taxes
b)
Provision on Non-Performing
Assets
c)
Provision on Restructured Assets
d)
Provision on Standard Assets
1304.76
1261.35
e)
Provision for Depreciation on

Investments
855.60
766.10
(125.90)
36.11
24883.94
22059.57
Current
Year
Previous
Year
479.21
645.17
f)
Other Provisions
Total
(Figures in brackets indicate credit)
479.21
0.01
645.17
9.15
175.11
479.21
479.22
b) Floating provisions:
Particulars
a)
Opening Balance
b)
Addition during the year
c)
Draw down during the year
d)
Closing balance
c)
-
, ,
,

/

,
C246 K246
9.15
175.11
479.22
479.21
Description of contingent liabilities and contingent assets:
Sr. No Particulars
0.01
Brief Description
Claims against the Group

not acknowledged as debts
The parent and its constituents are

parties to various proceedings in the
normal course of business. It does not
expect the outcome of these proceedings
to have a material adverse effect on the
Group's financial conditions, results of
operations or cash flows.
Liability on account of
outstanding forward
exchange contracts
The Group enters into foreign

exchange contracts, currency options,
forward rate agreements, currency
swaps and interest rate swaps with interbank participants on its own account and
for customers. Forward exchange
contracts are commitments to buy or sell
foreign currency at a future date at the
contracted rate. Currency swaps are
commitments to exchange cash flows by
way of interest/principal in one currency
against another, based on predetermined
rates. Interest rate swaps are
commitments to exchange fixed and
floating interest rate cash flows. The
notional amounts that are recorded as
contingent liabilities, are typically amounts
247
used as a benchmark for the calculation

of the interest component of the
contracts.
,

3
, ,

:

,

,
,

:

Guarantees given on behalf

of constituents, acceptances,
endorsements and other
obligations
As a part of its commercial banking

activities,
the
Group
issues
documentary credits and guarantees
on behalf of its customers.
Documentary credits enhance the credit
standing of the customers of the Group.
Guarantees generally represent irrevocable
assurances that the Bank will make
payment in the event of the customer
failing to fulfil its financial or performance
obligations.
Other items for which the

Group is contingently liable
The Group is a party to various

taxation matters in respect of which
appeals are pending. These are being
contested by the Group and not provided
for. Further the Group has made
commitments to subscribe to shares in the
normal course of business.
) , / /
, , ,
,
,
) - :

)
456.05
493.26
)
99.24
191.14
)
78.06
228.35
477.23
456.05
)
d)
The contingent liabilities mentioned above are dependent

upon the outcome of court/arbitration/out of court
settlements, disposal of appeals, the amount being called up,
terms of contractual obligations, devolvement and raising of
demand by concerned parties, as the case may be.
e)
Movement of provisions against contingent liabilities:
4.
2011-12

(
) 2000
31 2012 9.42%
, `29.21

`' `' : `867
`837.79
4.
5. . . :
() `22.24
( + )

+
: +
`6.45

( )
`3.43
5.
C247 K247
a)
b)
c)
d)
Opening Balance
Draw down during the year
Closing balance
Current
Year
456.05
99.24
78.06
477.23
Previous
Year
493.26
191.14
228.35
456.05
Changes in Accounting Policies

From the financial year 2011-12, the investments of the life
and general insurance subsidiaries have been accounted in
accordance with the IRDA (Investment Regulations) 2000
instead of restating the same in accordance the accounting
policy followed by the banks. The investments of the
insurance subsidiaries constitute approximate 9.42% of the
total investments as on March 31, 2012. Had the earlier policy
been followed, the net profit would have been lower by
`29.21 crores and the value of 'Investments' and 'Liabilities
relating to Policyholders in Insurance Business' would have
been lower by `867 crores and `837.79 crores respectively.
In case of SBI Cards and Payment Services Pvt. Ltd.:
(a) During the year an amount of `22. 24 crores has been
written off towards un-reconciled difference between
the balance as per receivable systems for card level
accounting (Vision + Software) and receivable balance
as per General Ledger (GL) . The difference between
Vision + and GL occurred due to:Understatement of write offs amount to `6.45
crores due to non mapping of transaction codes
from Vision + of delinquent customers.
Overstatement of income amount to `3.43 crores
in earlier years on loan accounts from the system
used for amortization of interest on loans
(IRR system).
6.
7.
8.
9.
248
() ( 16)
`12.36

() 2006 2011
`61.40
`23.91 ( `18.93 )

2006-2007 2007-2008

( )
2006-07 2007-08

31.03.2012
`24.76 `16.90

`36.64
2008-09 2010-11

20.04.2011 `7.01

() 2001 2008

`10.50

`60.04

36 (I) (viii)

,
`470.80 ,
2010-11
`` ''

..
42/21.01.02/2007-08

-

,

C248 K248
Understatement of write off amount to `12.36

crores due to difference in the net earning assets
(NEA) report (R16).
(b)
Rates and Taxes include interest on delayed payment of

service tax amounting to `23.91 crores (`18.93 crores
pertaining to previous years) for delayed of service tax
amounting to `61.40 crores for the period April 2006
to March 2011.
For the period 2006-2007 and 2007-2008 the
appropriate service tax could not be paid as the service
tax data base (software used for calculating service tax
payable at that time) computed incorrect service tax
payable. The company paid `24.76 crores on 31.03.2012
based on the best judgment basis as ascertained by the
company from the audited financial statements of the
year 2006-07 & 2007-08. Further interest on delayed
payment of service tax amounting to `16.90 crores has
been provided for.
For the financial year 2008-09 to 2010-11 the service
tax liability was not paid for the service tax against
recovery made from delinquent customers amounting
to `36.64 crores. The amount was paid to the service
tax authority on 20.04.2011 along with the interest of
`7.01 crores.
(c)
Liabilities written back during the year include excess

provision written back amounting to `10.50 crores on
account of excess service tax accruals accounted during
the period 2001 to 2008.
6.
During the year the SBM has written back provision of

Deferred Tax Liability to the extent of `60.04 crores as SBM
has decided not to withdraw any amount created and
maintained as a Special Reserve under the provision of Section
36 (I) (viii) of Income Tax Act. This has resulted in increase in
profit of the SBM for the year to that extent.
7.
The past service liability in respect of provident fund and

pension payable to employees of E-SBIN taken over on merger
amounting to `470.80 Crores is an exceptional items and
included in the head of "Payment to and provisions for
employees" in the consolidated profit and loss account for
the financial year 2010-11.
8.
In accordance with RBI circular DBOD NO.BP.BC.42/21.01.02/

2007-08, redeemable preference shares (if any) are treated
as liabilities and the coupon payable thereon is treated as
interest.
9.
Additional statutory information disclosed in separate

financial statements of the parent and the subsidiaries having
no bearing on the true and fair view of the consolidated
financial statements and also the information pertaining to
the items which are not material have not been disclosed in
the consolidated financial statements in view of the general
clarifications issued by ICAI.
249
10.

-
-

10. Previous year's figures have been regrouped/reclassified,

wherever necessary, to conform to current period
classification. In cases where disclosures have been made
for first time in terms of RBI guidelines/Accounting Standards,
previous year figures have not been mentioned.
(. )
(A. Krishna Kumar)
( )
Managing Director & Group Executive (NB)

In terms of our Report of even date
( )
(Diwakar Gupta)
T}VzR <SQu]@
For Kalyaniwalla & Mistry
Managing Director & Chief Financial Officer
Chartered Accountants
( . )
( . )
(Hemant G. Contractor)
(Viraf R. Mehta)
( )
Managing Director & Group Executive (IB)
( )
(Pratip Chaudhuri)
Chairman
C249 K249
Partner
/ M.No. 32083
/ Firm Registration No. 104607 W
, 18 , 2012
Kolkata, 18th May 2012
250
WpZOrY J>uJ> Vv@ (_Xuq@O)
STATE BANK OF INDIA (CONSOLIDATED)

31 XpE{ 2012 @pu _XpO \^{ @u <[h S@Qr T}\p` <\\ZN
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2012
(` )
(` in thousand)
31.3.2012 @pu _XpO \^{{
/ Particulars
31.3.2011 @pu _XpO \^{{

TqZEp[S @pY{@[pT _u S@Qr T}\p`

CASH FLOW FROM OPERATING ACTIVITIES
@Z Tt\{ <S\[ [pW Net Profit before taxes

_XpYpuGS Adjustment for:
XtYp_ ]s@ Depreciation on Fixed Assets
PZ dpOYpu @u <\@}Y TZ ([pW)/`p<S (<S\[) (Profit)/Loss on sale of Fixed Assets (Net)
<\<SRpSpu @u <\@}Y TZ ([pW)/`p<S (<S\[) (Profit)/Loss on sale of Investments (Net)
<\<SRpSpu @u TsSXt{ Ypz@S TZ ([pW)/`p<S (Profit)/Loss on revaluation of Investments (Net)
d[pW@pZr dpOYpu @u <[h T}p\RpS Provision on Non Performing Assets
XpS@ dpOYpu @u <[h T}p\RpS Provision on Standard Assets
WpZO Xu <S\u]pu TZ XtYp_ Provision for Depreciation on Investments
dY T}p\RpS Other Provisions
_`Ypu<BYpu _u T}p [pWpz]/d<G{O dpY (<S\u] @pY{@[pT)
Dividend/Earnings from Associates (Investing activity)
23982,59,19
19424,76,53
1371,60,74
1380,55,16
47,01,40
20,74,79
583,26,05
(3091,75,23)
1369,65,79
135,12,21
14209,97,61
11256,20,62
1304,75,75
1261,34,96
855,60,22
766,09,90
(125,89,48)
36,10,43
(146,14,16)
(223,26,31)
4584,94,51
4031,45,63
12,85,34
18,22,03
48050,22,96
35015,60,72
159126,91,68
139097,91,98
13953,09,73
13575,75,03
VpzL>pu TZ _zQl YpG (<\lrY @pY{@[pT)

Interest on Capital Instruments (Financing Activity)
\^{ @u QpvZpS dT<[<AO dpP<BO dpY AE{

Deferred Revenue Expenditure written off during the year
/ SUB TOTAL
_XpYpuGS Adjustment for:
GXpZp<]Ypu Xu \w</(@Xr) Increase/(Decrease) in Deposits
fRpZZp<]Ypu Xu \w</(@Xr) Increase/(Decrease) in Borrowings
<\<SRpSpu Xu (\w<)/@Xr (Increase)/Decrease in Investments
d<B}Xpu Xu (\w<)/@Xr (Increase)/Decrease in Advances
dY QuYOpdpu dpvZ T}p\RpSpu Xu \w</(@Xr) Increase/(Decrease) in Other Liabilities & Provisions
dY dpOYpu Xu (\w<)/@Xr (Increase)/Decrease in Other Assets
/ SUB TOTAL
Taxes paid
(44565,56,92)
(4131,61,41)
(171478,63,02)
(148156,11,54)
(16823,01,67)
27849,87,35
(7659,12,12)
(11679,08,45)
(19396,09,36)
51572,33,68
(10718,04,52)
(7672,20,51)
(30114,13,88)
43900,13,17
(125,64,00)
4,95,69
146,14,16
223,26,31
(2339,75,41)
(1874,23,95)
(2319,25,25)
(1646,01,95)
() ()
NET CASH FLOW FROM OPERATING ACTIVITIES
(A)
<\<SRpS @pY{@[pT _u S@Qr T}\p`

CASH FLOW FROM INVESTING ACTIVITIES
_`Ypu<BYpu @u <\<SRpSpu Xu (\w<)/@Xr

(Increase)/Decrease in Investments in Associates
hu_u <\<SRpSpu TZ d<G{O dpY

Income earned on such Investments
dE[ dpOYpu Xu (\w<)/@Xr

(Increase)/Decrease in Fixed Assets
<\<SRpS @pY{@[pT pZp fT[R @Zpe{ Be{ <S\[ S@Qr ()

NET CASH GENERATED FROM INVESTING ACTIVITIES (B)
C250 K250
251
(` )
(` in thousand)
31.3.2012 @pu _XpO \^{{
/ Particulars
31.3.2011 @pu _XpO \^{{

<\lTpu^N @pY{@[pT _u S@Qr T}\p`

CASH FLOW FROM FINANCING ACTIVITIES

Proceeds from issue of equity share Capital
7891,30,87
27,68
1175,15,60
6838,98,00
(4584,94,51)
(4031,45,63)
(2151,43,88)
(1420,22,28)
(121,23,54)
(136,01,82)
2208,84,54
1251,55,95
2487,91,96
(32,08,81)
(27736,62,63)
43473,58,36
155327,45,48
111853,87,12
127590,82,85
155327,45,48

Issue of Capital Instuments
BpvN VpzL> T}<O_zQpY

Repayment of Capital Instruments
VpzL>pu TZ _zQl YpG

Interest Paid on Capital Instruments
_zQl [pWpz] f_ TZ @Z _<Ò

Dividends Paid including tax thereon

Dividends tax Paid by subsidiaries
/() ()
NET CASH GENERATED FROM FINANCING ACTIVITIES (C)
()
Effect of exchange fluctuation on translation reserve (D)
/() ()+()+()+()
Net Increse / (decrease) in cash and cash equivalents (A)+(B)+(C)+(D)

Cash and Cash equivalents at the beginning of the year

Cash and Cash equivalents at the end of the year
(. )
(A. Krishna Kumar)
( )
Managing Director & Group Executive (NB)
In terms of our Report of even date
( )
(Diwakar Gupta)
For Kalyaniwalla & Mistry
T}VzR <SQu]@
Managing Director & Chief Financial Officer
( . )
( . )
(Hemant G. Contractor)
(Viraf R. Mehta)
( )
Managing Director & Group Executive (IB)
( )
(Pratip Chaudhuri)
Partner
/ M.No. 32083
/ Firm Registration No. 104607 W
, 18 , 2012
Kolkata, 18th May 2012
Chairman
C251 K251
252
AUDITORS REPORT ON THE

1. ( ), ,
( ) 31 2012
-
:
TO THE BOARD OF DIRECTORS,

STATE BANK OF INDIA
CONSOLIDATED FINANCIAL STATEMENTS
1.
i. 14 () - -
,
ii. ., 28
2011 , ,
28 2011

iii. - 27 () ,
24 () 8 ()
,
We have examined the attached Consolidated Balance

Sheet of State Bank of India (the Bank), its subsidiaries,
associates and joint ventures (the Group) as at March 31,
2012, and the Consolidated Profit and Loss Account and
the Consolidated Cash Flow Statement for the year then
ended in which are incorporated the :
i.
Audited accounts of the Bank audited by 14

(fourteen) Joint Auditors including us,
ii.
SBI Commercial and International Ltd, a subsidiary

up to July 28, 2011, the closing financial statements
of which for the period up to the date of acquisition
namely, July 28, 2011 have been audited by us for
the purpose of the acquisition.
iii.
Audited accounts of 27 (twenty seven) subsidiaries,

24 (twenty four) Associates and 8 (Eight) joint
ventures audited by other auditors,
iv.
Unaudited accounts of 1 (one) subsidiary and 1 (one)

associate.
iv. 1 () , 1 ()

,
-

2. -- -

-
,

, -
-
- -

-

3. 13
- ,
31 2012 ` 1,335,519
` 120,873
` 25,711
C252 K252
These Consolidated financial statements are the

responsibility of the Banks management and have been
prepared by the management on the basis of the separate
financial statements and information of the different
entities in the Group. Our responsibility is to express an
opinion on these financial statements based on our audit
of the consolidated statements.
2.
We conducted our audit in accordance with generally

accepted auditing standards in India. These Standards
require that we plan and perform the audit to obtain
reasonable assurance whether the financial statements
are prepared, in all material aspects in accordance with
identified reporting framework and free of material
misstatements. An audit includes, examining on a test
basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing
the accounting principles used and significant estimates
made by management, as well as evaluating the overall
financial statements. We believe that our audit provides
a reasonable basis for our opinion.
3.
We have jointly audited the financial statement of the Bank

along with 13 other joint auditors, whose financial
statements reflect total assets of `1,335,519 crores as at
March 31, 2012, and total revenue of `120,873 crores and
net cash outflows amounting to `25,711 crores for the
year then ended.
253
4. ,
, 31 2012
`508,262 `57,646
`1,385

- - ,

,
-
5. 1 () , 1 ()
, 31 2012 `3,880
, `194
`1,157 ,

4.
We did not audit the financial statements of its

Subsidiaries, Associates and Joint Ventures whose financial
statements reflects total assets of `508,262 crores as at
March 31, 2012, and total revenue of `57,646 crores and
net cash flows amounting to `1,385 crores for the year
then ended. These financial statements have been
furnished to us, and our opinion, insofar as it relates to
the amounts included in respect of other entities, is based
solely on the report of the other auditors.
5.
The unaudited financial statements of 1 (one) subsidiary and

1 (one) associate, whose financial statements reflect total
assets of `3,880 crores as at March 31, 2012, total revenue
of `194 crores and net cash flows amounting to `1,157
crores for the year then ended have been consolidated on
the basis of management certified financial statements.
6.
We report that the consolidated financial statements have

been prepared by the Banks management in accordance
with the requirement of the Accounting Standard 21
Consolidated Financial Statements, Accounting Standard
23 Accounting for Investment in Associates in
Consolidated Financial Statements and Accounting
Standard 27 Financial Reporting of Interest in Joint
Ventures prescribed by the Institute of Chartered
Accountants of India and the requirements of Reserve
Bank of India.
7.
Without qualifying our opinion, we draw your attention to

the following notes in Schedule 18 Notes to Accounts :
6. ,
-21-"
", -23 "
" -27- ``
'' ,

7. ,
18 - -
, ;
a.
Notes 3.1.6.1 and 3.1.6.2 regarding deferment of

gratuity and pension liabilities of the Bank and its
domestic subsidiaries to the extent of `643.66 crores
and `1,080.87 crores respectively in accordance with
RBI circular no. DBOD.BP.BC.80 /21.04.018/2010-11
dated February 9, 2011 and the exemption granted
by the Reserve Bank of India from applicability
of provisions of Accounting Standard (AS) 15,
Employee Benefits.
b.
Note 6 regarding write back of Deferred Tax Liability

provision in respect of Special Reserve in a domestic
banking subsidiary resulting in an increase in net
profit by `60.04 crores.
c.
Notes 5.b and 5.c regarding payment of interest in a

domestic subsidiary amounting to `23.91 crores on
delayed payment of service tax and writing back of
excess provision of service tax accruals amounting
to `10.50 crores.
. 9 2011 .
... 80/21.04.018/2010-11 ,

: `643.66 `1,080.87
(3.1.6.1) (3.1.6.2)
() 15,

.

(6)1
`60.04
.
`23.91
`10.50
5() 5()
8. -

C253 K253
8.
Based on our audit and on consideration of the reports of

other auditors on separate financial statements, the
unaudited financial statements and the other financial
information of the components and to the best of our
information and according to the explanations given to
us, we are of the opinion that the attached consolidated
254
- :
. 31 2012
;
financial statements give a true and fair view in conformity

with the accounting principles generally accepted in India :
a.
In the case of Consolidated Balance Sheet on the

state of affairs of the Group as at March 31, 2012;
b.
In the case of Consolidated Profit and loss account

of the consolidated profit of the Group for the year
ended on that date; and
c.
In the case of the Consolidated Cash Flow Statement

of the Cash Flows of the Group for the year ended
on that date.
.
;
.

:
: 18 2012
. : 32083
. 104607W
For and on behalf of

KALYANIWALLA & MISTRY
Viraf R. Mehta
Partner
Membership No. : 32083

Firm Registration No. 104607W
Place
Dated
C254 K254
: Kolkata
: 18th May 2012

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State Bank of India > Annual Report 2011-12 (Consolidated)

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State Bank of India > Annual Report 2011-12 (Consolidated)

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State Bank of India > Annual Report 2011-12 (Consolidated)

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