State Bank of India

- Board has approved raising ₹10,000 crores through Tier-1 capital and ₹15,000 crores through Tier-2 capital (Page 12). - No immediate plans mentioned for equity fundraising beyond these approved Tier-1 and Tier-2 issuances (Page 12). - Chairman highlighted ploughing back ₹1.14 trillion over the last 3 years internally to support growth, indicating preference for internal accruals over external equity dilution (Page 14). - Bank is also tapping multiple channels for funding growth, including infrastructure bonds worth about ₹60,000 crores and a ₹50,000 crore CD program (Page 20). - No specific mention of additional future fundraising through equity; focus remains on capital adequacy and maintaining sufficient capital to grow the book up to ₹6.5 to 7 trillion (Page 12).

- The bank has approved ₹25,000 crores for Tier-1 and Tier-2 capital raising. - Board has approved raising ₹10,000 crores worth of Tier-1 and ₹15,000 crores of Tier-2 capital. - SBI is tapping multiple channels for supporting growth, including infrastructure bonds (~₹60,000 crores) – the highest in the industry. - Infrastructure loan book is around ₹3 trillion, indicating significant investment in infrastructure sectors. - The bank has opened a Certificate of Deposit (CD) program of about ₹50,000 crores to raise resources. - With the current capital and liquidity, SBI can grow its book by about ₹6.5 to 7 trillion. - No immediate plans for listing subsidiaries or merging RRBs; strategic decisions on subsidiaries are still premature. - Regarding YES Bank stake sale, it is premature to comment though developments are being closely watched.

- Credit growth target for the bank is around 15% going forward, with broad-based growth across all segments including Retail, Agri, MSME, and Corporate sectors. - Domestic advances grew 15.55% YoY in Q1FY25; Retail, Agri, and MSME advances crossed ₹21 trillion. - Retail Personal advances growing at 13.60%, Agri at 17.06%, and SME at 19.87%. - Corporate segment showing healthy growth close to 16% YoY. - CD (Credit-Deposit) ratio expected to be around 70-72% in the near future. - Loan growth is backed by robust demand in mortgage, car loans, personal loans, and pension loans sectors. - Investment proposals pipeline is significant at about ₹4.62 trillion, with 66% from private sector indicating positive economic outlook. - Treasury trading gains from fixed income and equity side expected to remain robust. - Deposit growth is targeted at around 8%, with maintained focus on cost-effective deposit-raising strategies to sustain margins.

- SBI expects credit growth of around 15% going forward, with broad-based growth across all segments, supporting income growth. (Page 31) - Operating profit increased by 4.55% YoY in Q1FY25, indicating improving operational efficiency with a focus on asset quality and technology. (Page 4) - Net profit increased modestly by 0.90% YoY in Q1FY25, with sustained RoA above 1% and RoE around 21%, reflecting durable profitability. (Page 4) - Cost-to-income ratio improved by 95 basis points YoY, indicating better cost management likely to support profit growth. (Page 4) - The bank aims to maintain NIM at current levels with variations within ±10 bps, supporting stable net interest income. (Page 31) - Credit cost is expected to stabilize around 0.50%, which should prevent significant pressure on profitability. (Page 32) - With a strong deposit franchise and focus on quality loan growth, the bank expects sustainable earnings growth supported by credit expansion and operational leverage. (Pages 31-32)

- The current order book, including sanctions and proposals pending disbursement, stands at approximately ₹4.62 trillion. - About 66% of this order book is expected from the private sector. - There has been a significant increase in private sector commitments, which have moved from around ₹10 trillion to about ₹37 trillion. - This growth in private sector proposals reflects a positive perception of the Indian economy and expected acceleration in capex. - The bank sees ample opportunity in the pipeline, with strong demand across corporate and SME sectors.