SBI posts 17.55% YOY growth in Operating Profit

Kolkata
19 May 2017

State Bank of India (SBI) posted an increase in Operating Profit from Rs.43,258 Cr in FY16 to Rs. 50,848 Cr in FY17 (17.55% YOY growth). Interest Income on Advances increased from Rs.1,15,666 Cr in FY16 to Rs.1,19,510Cr in FY17 (3.32%YOY growth).
Interest Income on Resources Operations increased from Rs. 42,925 Cr in FY16 to Rs.49,959 Cr in FY17 (16.39%YOY growth). Interest Expenses on Deposits increased from Rs. 98,865 Cr in FY16 to Rs.1,05,599 Cr  in  FY 17 (6.81%YOY growth).
Non-Interest Income increased from Rs.27,845 Cr in FY16 to Rs. 35,461Cr in FY 17 (27.35%YOY growth). Fee Income increased from Rs.15,658 Cr in FY16 to Rs.17,803 Cr in FY17 (13.70% YOY growth)
Staff Expenses increased from Rs. 25,114 Cr in FY16 to Rs. 26,489 Cr in FY 17 (5.48%YOY growth). Overheads increased from Rs.16,669 Cr in FY16 to Rs. 19,983 Cr  in FY 17 (19.89% YOY growth).
Operating Expenses increased from Rs 41,782 Cr in FY 16 to Rs. 46,473 Cr in FY 17 (11.23% YOY growth). Net Profit increased by 5.36% from Rs. 9,951 Cr in FY 16 to Rs.10,484 Cr in FY 17.
Deposits of the Bank increased from Rs.17,30,722 Cr as on Mar 16 to Rs. 20,44,751 Cr as on Mar 17 (18.14% YOY growth). Savings Bank Deposits increased from Rs. 5,81,564 Cr as on Mar 16 to Rs.7,43,286 Cras on Mar 17 (27.81% YOY growth).
Current Account Deposits increased from Rs.1,35,768 Cr as on Mar 16 to Rs.1,47,123Cr as  on Mar 17 (8.36% YOY growth). CASA Deposits increased from Rs.7,17,332 Cr as on Mar 16 to Rs.8,90,409 Cr as on Mar 17(24.13% YOY growth).
Market Share in Deposits improved by 38 bps from 17.67% in Mar 16 to 18.05% as on Mar 17. Gross Advances increased from Rs.15,09,500Cr as on Mar 16 to Rs.16,27,273 Cr as on Mar 17(7.80% YOY growth).
Large Corporate Advances increased from Rs.3,30,136Cr as on Mar 16 to Rs.3,41,990Cr as on Mar 17(3.59% YOY growth). Mid Corporate Advances stable at Rs.2,42,947 Cr as on Mar 17 as against Rs.2,42,443 Cr as on Mar 17 (0.21% YOY growth)
Retail Advances increased from Rs.3,26,988 Cr as on Mar 16 to Rs.3,96,239 Cr as on Mar 17 (21.18% YOY  growth).Home loans increased from Rs.1,90,552 Cr as on Mar 16 to Rs.2,22,605 Cr as on Mar 17 (16.82% YOY growth).
SME Advances increased from Rs.2,17,735Cr as on Mar 16 to Rs.2,25,153 Cr as on Mar 17 (3.41% YOY growth). Agri Advances increased from Rs.1,25,381 Cr as on Mar 16 to Rs.1,34,725 Cr as on Mar 17(7.45% YOY growth).
• International Advances increased from Rs.2,66,817 Cr as on Mar 16 to Rs.2,86,219 Cr as on Mar 17 (7.27% YOY growth). (EOIC)