sbi bank

Company >> General >> Background

State Bank of IndiaIndustry :Banks - Public Sector

Incorporation Year 1955 Chairman O P Bhatt Managing Director R Sridharan Company Secretary - Auditor B M Chatrath & Co/ Kalyaniwala & Mistry

Registered Office State Bank Bhavan 8th Floor, Madame Cama Road Nariman Point, Mumbai, 400021, Maharashtra

Telephone 91-22-22883888/22022678 Fax 91-22-22855348 E-mail [email protected] Website http://www.sbi.co.in Face Value (Rs) 10 BSE Code 500112 BSE Group A NSE Code SBIN Bloomberg SBIN IN Reuters SBI.BO ISIN Demat INE062A01012 Market Lot 1

Listing Ahmedabad,Chennai,Delhi,Kolkata,London,Mumbai, NSE

Financial Year End 3 Book Closure Month Jun AGM Month Jun

Registrar's Name & Address

Datamatics Financial Services, PlotNo-A-16-17 PartB, Cross Lane MIDC, Marol Andheri (East), Mumbai - 400 093. 91-22-28213383/90/66 91-22-28369408

history

State Bank of India is the largest state-owned banking and financial services company in India. The Bank provides banking services to the customer. In addition to the banking services, the Bank through their subsidiaries, provides a range of financial services, which include life insurance, merchant banking, mutual funds, credit card, factoring, security trading, pension fund management and primary dealership in the money market. The Bank operates in four business segments, namely Treasury, Corporate/ Wholesale Banking, Retail Banking and Other Banking Business. The Treasury segment includes the investment portfolio and trading in foreign exchange contracts and derivative contracts. The Corporate/ Wholesale Banking segment comprises the lending activities of Corporate Accounts Group, Mid Corporate Accounts Group and Stressed Assets Management Group. The Retail Banking segment consists 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. SBI provides a range of banking products through their vast network of branches in India and overseas, including products aimed at NRIs. The State Bank Group, with over 16,000 branches, has the largest banking branch network in India. The State bank of India is the 10th most reputed company in the world according to Forbes. The bank has 131 overseas offices spread over 32 countries. They have branches of the parent in Colombo, Dhaka, Frankfurt, Hong Kong, Johannesburg, London and environs, Los Angeles, Male in the Maldives, Muscat, New York, Osaka, Sydney, and Tokyo. They have offshore banking units in the Bahamas, Bahrain, and Singapore, and representative offices in Bhutan and Cape Town. State Bank of India was incorporated in the year 1955. The Bank traces their ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making them the oldest commercial bank in the Indian Sub-continent. The Government of India nationalized the Imperial Bank of India in the year 1955, with the Reserve Bank of India taking a 60% stake, and name was changed to State Bank of India.

In the year 2001, the SBI Life Insurance Company was started by the Bank. They are the only Bank that have been permitted 74% stake in the insurance business. The Bank's insurance subsidiary 'SBI Life Insurance Company' is a joint venture with Cardif S.A in which Cardif holds 26% of the stake. During the year 2005-06, the bank introduced 'SBI e-tax' an online tax payments facility for direct and indirect tax payment. They also launched the centralized pension processing. The Bank made a partnership with Tata Consultancy Services for setup C-Edg Technologies and consulting services to the banking, financial services and insurance industry. The bank was noted as 'The most preferred bank' in a survey by TV 18 in association with AC Nielsen-ORG Marg. Also, the Bank was voted as 'The most preferred housing loan provider' in AWAAZ consumer awards for the year 2006. In the customer loyalty survey 2006-07 conducted by 'Business World', the Bank was ranked number one in all parameters of customer satisfaction, service orientation, customer care/ call center, customer loyalty and home loans. SBI Funds was judged 'Mutual fund of the year' by CNBC/TV-18/CRISL. The Bank introduced new products and services such as web-based remittance, instant fund transfer, online-trading and comprehensive cash management. During the year 2007-08, the Bank launched 965 branches all over the country. They inaugurated a new state-of-the art Dealing Room with online connectivity to all active forex intensive Branches at Corporate Centre in Mumbai. They launched a new product, Construction Equipment Loan to cater to construction Companies. Also, they introduced new products such as SBI Reverse Mortgage Loan and SBI Home Plus in the areas of Home Loans. During the year, the RBI transferred their entire shareholding in the Bank representing 59.73% of the issued capital of the Bank to the Government of India. The Bank acquired 92.03% of equity of Global Trade Finance Ltd. Consequently, GTFL became a subsidiary of the Bank. They signed an MoU with the Indian railways for installing ATMs at 682 railway stations. In March 2008, the Bank opened their 10,000th branch and became only the second bank in the world to have more than 10,000 branches after China's ICBC. During the year 2008-09, the company launched Import factoring, a new product in association with SBI Factors & Commercial Services Ltd. They increased the number of branches for retail sale of gold coins from 250 to 518. Also, they re-launched Gold Deposit Scheme at 50 branches to mobilize gold from domestic market for deployment as metal loans to jewellers. During the year, the Bank opened their 11,111th Branch at Sonapur (Kamrup District) in Assam. They introduced three new products viz., SBI Special Home Loan, SBI Happy Home Loan and SBI Lifestyle in response to the stimulus package announced by the Government of India. Also, they entered into an exclusive arrangement with TATA Motors for handling the booking process of TATA 'Nano' cars. During the year, the Bank launched on their web-site an on-line application form for registering Auto Loan enquiries and expeditiously monitoring and converting these leads into Auto Loans. Also, they launched 'e-invest' for the ASBA (applications supported by blocked accounts) to aid investors for their equity subscriptions, IPO and Rights applications. During the year, the Bank set up a custodial services company namely SBI Custodial Services Pvt. Ltd., in joint venture with Societe Generale, France. They signed letter of intent for setting up of joint venture company for undertaking General Insurance Business. Also, they divested 10% equity stake in its wholly owned subsidiary SBI Pension Fund Pvt. Ltd at cost in favour of its subsidiaries. In October 2008, the Bank signed an MoU with State General Reserve Fund (SGRF) of Oman, for a general purpose private equity fund. During the year, State Bank of Saurashtra (SBS), a wholly owned subsidiary of the Bank, amalgamated with the Bank with effect from August 13, 2008. They signed a joint venture agreement with Insurance Australia Group for undertaking General Insurance business. Also, they signed a joint venture agreement with Macquarie Capital Group, Australia and IFC, Washington for setting up an Infrastructure fund of USD 3 billion for investing in various infrastructure projects in India. During the year 2009-10, the Bank opened 1,049 branches, out of which branches were opened in metro and urban areas with a view to increase the Bank's reach and be more accessible to customers. In July 2009, SBI introduced 'SBI Loan to Affluent Pensioners' enabling the government pensioners to avail personal loans upto Rs 3 lakh. During the year, the Bank designed a special package, the Defence Salary Package, for personnel of the three Armed Forces i.e. the Army, Navy and Air Force who maintain their Salary accounts with them. As of March 2010, the Bank had 12,496 branches and 21,485 Group ATMs. In June 2009, the company increased their shareholding in Nepal SBI Bank Ltd to 55.02% and thus Nepal SBI Bank Ltd became a subsidiary of the Bank with effect from June 14, 2009. In May 2010, the Bank selected consortium of Elavon Incorporation, USA and Visa International, USA as their joint venture (JV) partner for Merchant Acquiring Business. They set up a wholly owned subsidiary, namely SBI Payment Services Pvt Ltd for conducting Merchant Acquiring Business. In August 2010, State Bank of Indore was amalgamated with the Bank as per the scheme of amalgamation approved by the Central Board.

Top management


Designation Name RemunerationsChairman O P Bhatt 2,651,406.00Managing Director R Sridharan 1,472,524.00Director(Shareholders) Ashok Jhunjhunwala 122,500.00Director(Shareholders) Dileep C Choksi 125,000.00Director(Shareholders) S Venkatachalam 217,500.00Director(Shareholders) D Sundaram 140,000.00Nominee (Govt) Vasantha Bharucha 142,500.00Nominee (Govt) Rajiv Kumar 40,000.00Nominee (RBI) Shyamala Gopinath -Director (Officer Employee) G D Nadaf -

Location

Sr.No Address

1 State Bank Bhavan 8th Floor,Madame Cama Road Nariman Point, Mumbai Maharashtra, 400021 Tel: 91-22-22883888/22022678 Fax: 91-22-22855348

Financial OVERVIEW.


(Rs in Crs)

201003 200903 200803 200703 200603 200503 200403 200303 200203 200103Equity Paid Up 634.88 634.88 631.47 526.3 526.3 526.3 526.3 526.3 526.3 526.3

Networth 65949.2 57947.7 49032.66

31298.56

27644.09

24072.14

20231.28

17203.38

15224.38

13461.54

Capital Employed 1053956.61

965042.96

722125.08

566806.13

494160.62

460071.94

408072.46

376152.12

348541.15

315644.21

Gross Block 11831.63

10403.06 8988.35 8061.92 7518.96 6691.09 5897.96 4971.79 4538.01 4243.08

Sales 70993.92

63788.43

48950.31

37242.33

35979.57 32428 30460.4

931087.0

229810.0

926138.5

9

PBIDT 62180.06

57858.08

43047.25

30411.11 28059.4 25756.7 24943.3 26870.2

924852.9

320733.1

9

PBDT 14857.58

14942.79

11118.17 8226.98 7668.95 7273.33 5669.12 5760.83 4124.09 2977.17

Registered Off ice

PBIT 61247.4 57094.94

42367.27

29808.72

27295.72

25004.49

24244.96 26376.6 24427.9

820331.2

7

PBT 13924.92

14179.65

10438.19 7624.59 6905.27 6521.12 4970.78 5267.14 3699.14 2575.25

PAT 9166.05 9121.23 6729.12 4541.31 4406.67 4304.52 3681 3105 2431.62 1604.25

CP 10098.71 9884.37 7409.1 5143.7 5170.35 5056.73 4379.34 3598.69 2856.57 2006.17

Revenue earnings in forex 0 0 0 0 0 0 0 0 0 0Revenue expenses in forex 0 0 0 0 0 0 0 0 0 0Book Value (Unit Curr) 1038.77 912.73 776.48 594.69 525.25 457.38 384.41 326.87 289.27 255.78

Market Capitalisation 131991.55

67713.13

100962.58

52256.33

50948.47

34575.28

31877.99

14204.84

11568.07

10539.16

CEPS (annualised) (Unit Curr) 155.34 151.78 114.7 95.35 96.28 94.3 81.8 67.29 54.28 37.61EPS (annualised) (Unit Curr) 140.65 139.76 103.94 83.91 81.77 80.01 68.53 57.91 46.2 29.97Dividend (annualised%) 300 290 215 140 140 125 110 85 60 50Payout (%) 21.33 20.75 20.69 16.68 17.12 15.62 16.05 14.68 12.99 16.68

Cash Flow From Operating Activities -3098.77 31537.8

9-

1075.46-

1788.87 5607.74 -2776.47 278.08

-18710.8

16042.96 11954.3

1

Cash Flow From Investing Activities -1761.52 302.19 -

2798.01 -296.55 -739.43 -498.8 -1050.31 -331.68 -129.52 -273.78

Cash Flow From Financing Activities -3359.67 5097.38 19371.1

2 9494.11 369.59 -969.25 -842.17 -706.66 -1692.45 1892.21

Rate of Growth (%)ROG-Net Worth (%) 13.81 18.18 56.66 13.22 14.84 18.98 17.6 13 13.1 10.82ROG-Capital Employed (%) 9.21 33.64 27.4 14.7 7.41 12.74 8.49 7.92 10.42 20.7ROG-Gross Block (%) 13.73 15.74 11.49 7.22 12.37 13.45 18.63 9.56 6.95 14.24ROG-Sales (%) 11.3 30.31 31.44 3.51 10.95 6.46 -2.02 4.28 14.05 17.74ROG-PBIDT (%) 7.47 34.41 41.55 8.38 8.94 3.26 -7.17 8.12 19.87 11.06ROG-PBDT (%) -0.57 34.4 35.14 7.28 5.44 28.3 -1.59 39.69 38.52 -12.33ROG-PBIT (%) 7.27 34.76 42.13 9.21 9.16 3.13 -8.08 7.98 20.15 11.08ROG-PBT (%) -1.8 35.84 36.9 10.42 5.89 31.19 -5.63 42.39 43.64 -15.01ROG-PAT (%) 0.49 35.55 48.18 3.06 2.37 16.94 18.55 27.69 51.57 -21.8ROG-CP (%) 2.17 33.41 44.04 -0.52 2.25 15.47 21.69 25.98 42.39 -17ROG-Revenue earnings in forex (%) 0 0 0 0 0 0 0 0 0 0

ROG-Revenue expenses in forex (%) 0 0 0 0 0 0 0 0 0 0

ROG-Market Capitalisation (%) 94.93 -32.93 93.21 2.57 47.36 8.46 124.42 22.79 9.76 -0.42Key RatiosCredit-Deposit(%) 75.96 74.97 77.51 73.46 62.13 52.55 48.1 45.63 45.66 48.15Investment / Deposit (%) 36.33 36.38 34.81 38.22 48.14 55.83 58.24 56.03 52.21 48.85Cash / Deposit (%) 7.56 8.37 8.29 6.22 5.15 5.23 5.17 6.11 7.86 8.51Interest Expended / Interest Earned (%) 66.66 67.28 65.23 59.57 56.67 57 63.28 67.9 69.54 67.93

Other Income / Total Income (%) 18.36 16.6 16.23 16.63 17.3 18.01 20.12 17.19 12.48 13.34

Operating Expenses / Total Income (%) 23.38 20.47 22.78 27.9 27.03 25.48 24.25 21.17 21.23 27.51

Interest Income / Total Funds (%) 7.03 7.56 7.6 7.02 7.54 7.47 7.77 8.58 8.98 9.06

Interest Expended / Total Funds (%) 4.69 5.09 4.95 4.18 4.27 4.26 4.92 5.83 6.24 6.15

Net Interest Income / Total Funds (%) 2.34 2.47 2.64 2.84 3.27 3.21 2.85 2.75 2.73 2.9

Non Interest Income / Total Funds (%) 1.58 1.5 1.47 1.4 1.58 1.64 1.96 1.78 1.28 1.39

Operating Expenses / Total Funds (%) 2.01 1.86 2.07 2.35 2.46 2.32 2.36 2.19 2.18 2.88

Profit before Provisions / Total Funds (%) 1.91 2.12 2.05 1.89 2.38 2.53 2.45 2.34 1.84 1.52

Net Profit / Total funds (%) 0.91 1.08 1.04 0.86 0.92 0.99 0.94 0.86 0.73 0.56RONW (%) 14.8 17.05 16.75 15.41 17.04 19.43 19.67 19.15 16.95 14.68

BALANCE SHEET


(Rs in Crs)

Year Mar 10

Mar 09

Mar 08

Mar 07

Mar 06

Mar 05

Mar 04

Mar 03

Mar 02

Mar 01

SOURCES OF FUNDS :

Capital + 634.88 634.88

631.47

526.30

526.30

526.30

526.30

526.30

526.30

526.30

Reserves Total + 65,314.32

57,312.82

48,401.19

30,772.26

27,117.79

23,545.84

19,704.98

16,677.08

14,698.08

12,935.24

Equity Share Warrants 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Equity Application Money 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Deposits + 804,116.23

742,073.13

537,403.94

435,521.09

380,046.06

367,047.52

318,618.67

296,123.28

270,560.14

242,828.38

Borrowings + 103,011.60

84,057.93

51,727.41

39,703.33

30,641.24

19,184.31

13,431.33

9,303.62

9,323.95

10,701.04

Other Liabilities & Provisions +

80,879.58

80,964.20

83,961.07

60,283.15

55,829.23

49,767.97

55,791.18

53,521.84

53,432.68

48,653.25

TOTAL LIABILITIES

1,053,956.61

965,042.96

722,125.08

566,806.13

494,160.62

460,071.94

408,072.46

376,152.12

348,541.15

315,644.21

APPLICATION OF FUNDS :

Cash & Balances with RBI+

61,290.86

55,546.17

51,534.61

29,076.43

21,652.70

16,810.33

19,041.28

12,738.46

21,872.53

18,495.86

Balances with Banks & money at Call+

34,892.98

48,857.63

15,931.72

22,892.26

22,907.30

22,511.77

24,525.34

32,442.56

43,057.63

42,213.32

Investments + 285,790.07

275,953.96

189,501.27

149,148.88

162,534.24

197,097.91

185,676.48

172,347.90

145,142.03

122,876.49

Advances + 631,914.15

542,503.20

416,768.20

337,336.49

261,800.94

202,374.45

157,933.54

137,758.46

120,806.47

113,590.27

Fixed Assets + 4,412.91

3,837.85

3,373.48

2,818.87

2,752.93

2,697.69

2,645.11

2,388.55

2,415.23

2,593.30

Other Assets + 35,655.64

38,344.15

45,015.80

25,533.20

22,512.51

18,579.79

18,250.71

18,476.19

15,247.26

15,874.97

TOTAL LIABILITIES

Miscellaneous Expenditure not written off

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL ASSETS 1,053,956.61

965,042.96

722,125.08

566,806.13

494,160.62

460,071.94

408,072.46

376,152.12

348,541.15

315,644.21

Contingent Liability+ 548,446.88

723,699.75

810,796.48

526,954.66

228,881.38

159,397.30

111,892.22

106,105.90

102,212.98

83,668.98

Bills for collection 47,922.33

43,870.57

18,946.80

23,367.51

20,592.95

16,777.31

10,193.81

7,571.28

10,176.60

8,080.32

P&L A/C


(Rs in Crs)

Year Mar 10(12)

Mar 09(12)

Mar 08(12)

Mar 07(12)

Mar 06(12)

Mar 05(12)

Mar 04(12)

Mar 03(12)

Mar 02(12)

Mar 01(12)

INCOME :

Interest Earned + 70,993.92

63,788.43

48,950.31

37,242.33

35,979.57

32,428.00

30,460.49

31,087.02

29,810.09

26,138.59

Other Income + 15,966.60

12,694.31

9,487.11

7,429.04

7,528.16

7,121.73

7,671.06

6,454.36

4,251.67

4,023.23

Total 86,960.52

76,482.74

58,437.42

44,671.37

43,507.73

39,549.73

38,131.55

37,541.38

34,061.76

30,161.82

II. Expenditure

Interest expended + 47,322.48

42,915.29

31,929.08

22,184.13

20,390.45

18,483.37

19,274.18

21,109.46

20,728.84

17,756.02

Payments to/Provisions for Employees

12,754.65

9,747.31

7,785.87

7,932.59

8,123.05

6,907.35

6,447.69

5,688.72

5,152.78

6,011.65

Operating Expenses & Administrative Expenses +

3,598.09

2,927.84

2,382.81

1,942.13

1,808.99

1,506.06

1,300.41

1,083.71

1,008.38 891.37

Depreciation + 932.66 763.14 679.98 602.39 763.68 752.21 698.34 493.69 424.95 401.92 Other Expenses, Provisions & Contingencies+

8,427.72

5,949.51

5,221.49

4,385.54

5,516.29

5,379.62

5,440.15

3,898.66

3,047.67

2,525.61

Provision for Tax + 6,166.62

5,971.52

3,823.50

3,014.61

1,682.71

2,447.22

1,566.06

2,148.88

1,602.57 971.00

Fringe Benefit tax+ 0.00 142.00 105.00 88.50 458.00 0.00 0.00 0.00 0.00 0.00

Deferred Tax +-

1,407.75

-1,055.1

0

-219.43 -19.83 357.89 -

230.62-

276.28 13.26 -335.05 0.00

Total 77,794.47

67,361.51

51,708.30

40,130.06

39,101.06

35,245.21

34,450.55

34,436.38

31,630.14

28,557.57

III. Profit & Loss

Reported Net Profit 9,166.05

9,121.23

6,729.12

4,541.31

4,406.67

4,304.52

3,681.00

3,105.00

2,431.62

1,604.25

Extraordinary Items + -5.83 -1.71 7.00 4.52 1.37 -0.52 -0.31 -0.20 8.37 -276.07

Adjusted Net Profit 9,171.88

9,122.94

6,722.12

4,536.79

4,405.30

4,305.04

3,681.31

3,105.20

2,423.25

1,880.32

Prior Year Adjustments + 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Profit brought forward 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 IV. Appropriations

Transfer to Statutory Reserve 6,381.09

5,291.79

4,839.07

3,358.11

2,933.77

2,482.10 925.61 997.85 1,892.0

41,193.7

2

Transfer to Other Reserves + 643.56 1,740.26 366.52 321.16 632.74 1,070.8

02,102.2

81,602.4

7 223.80 120.54

Trans. to Government /Proposed Dividend +

2,141.40

2,089.18

1,523.53 862.04 840.16 751.62 653.11 504.68 315.78 289.99

Balance carried forward to Balance Sheet 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34

Equity Dividend % 300.00 290.00 215.00 140.00 140.00 125.00 110.00 85.00 60.00 50.00 Earnings Per Share-Unit Curr 140.65 139.76 103.94 83.91 81.77 80.01 68.53 57.91 46.20 29.97

Earnings Per Share(Adj)-Unit Curr

Book Value-Unit Curr 1,038.77 912.73 776.48 594.69 525.25 457.38 384.41 326.87 289.27 255.78

FUND FLOW


(Rs in Crs)

Year Mar 10 Mar 09 Mar 08 Mar 07 Mar 06 Mar 05 Mar 04 Mar 03 Mar 02 Mar 01Sources of fundsCash Profit 10051.3 10100.75 7193.25 5080.46 5137.85 5019.8 4340.42 3582.11 2828.8 1970.57Increase in Equity 0 3.41 105.17 0 0 0 0 0 0 0

Other Increases in other Networth

740.1 1631.55 12257.47 0 0 194.21 0 0 0 0

Increase in Deposits 62043.1 204669.19 101882.85 55475.03 12998.54 48428.85 22495.39 25563.14 27731.76 46007.31

Increase in Borrowing 18953.67 32330.52 12024.08 9062.09 11456.93 5752.98 4127.71 0 0 1422.97

Increase in other Liabilities and Provisions

0 0 23677.92 4453.92 6061.26 0 2269.34 89.16 4779.43 5394.71

Decrease in cash and bank balances

0 0 0 0 0 2230.95 0 9134.07 0 407.19

Decrease in money at call 13964.65 0 6960.54 15.04 0 2013.57 7917.22 10615.07 0 0

Decrease In advances 0 0 0 0 0 0 0 0 0 0

Decrease in investments 0 0 0 13385.36 34563.67 0 0 0 0 0

Decrease in Fixed assets 0 0 0 0 0 0 0 0 0 0

Other assets 2688.51 6671.65 0 0 0 0 225.48 0 627.71 6035.28

Actual

Total Inflow 108441.33 255407.07 164101.28 87471.9 70218.25 63640.36 41375.56 48983.55 35967.7 61238.03Application of fundsCash Loss 0 0 0 0 0 0 0 0 0 0Decrease in networth 0 0 0 150.02 97.9 0 74.17 678.64 353 26.84

Decrease in deposits 0 0 0 0 0 0 0 0 0 0

Decrease in borrowings 0 0 0 0 0 0 0 20.33 1377.09 0

Decrease in other liabilities and provisions

84.62 2996.87 0 0 0 6023.21 0 0 0 0

Increase in cash and bank balances

5744.69 4011.56 22458.18 7423.73 4842.37 0 6302.82 0 3376.67 0

Increase in money at call 0 32925.91 0 0 395.53 0 0 0 844.31 13979.92

Increase in advances 89410.95 125735 79431.71 75535.55 59426.49 44440.91 20175.08 16951.99 7216.2 15488.31

Increase in investments 9836.11 86452.69 40352.39 0 0 11421.43 13328.58 27205.87 22265.54 30997.8

Increase in fixed assets 1460.31 1443.89 1018.74 605.09 786.42 767.86 915.98 450.43 219.11 482.01

Increase in other assets 0 0 19482.6 3020.69 3932.72 329.08 0 3228.93 0 0

Dividend 1904.65 1841.15 1357.66 736.82 736.82 657.87 578.93 447.36 315.78 263.15Total Outflow 108441.33 255407.07 164101.28 87471.9 70218.25 63640.36 41375.56 48983.55 35967.7 61238.03

CASH FLOW


(Rs in Crs)

Mar 10 Mar 09 Mar 08 Mar 07 Mar 06 Mar 05 Mar 04 Mar 03 Mar 02 Mar 01Cash Flow SummaryCash and Cash Equivalents at Beginning of the year

104403.8

67466.34

51968.69 44560 39322

.143566.

6245181.

0264930.

1760709.

1847136.

44

Net Cash from Operating Activities-

3098.77

31537.89

-1075.4

6

-1788.8

7

5607.74

-2776.4

7278.08

-18710.

81

6042.96

11954.31

Net Cash Used in Investing Activities-

1761.52

302.19-

2798.01

-296.55

-739.4

3-498.8

-1050.3

1

-331.68

-129.52

-273.78

Net Cash Used in Financing Activities-

3359.67

5097.38

19371.12

9494.11

369.59

-969.25

-842.17

-706.66

-1692.4

5

1892.21

Net Inc/(Dec) in Cash and Cash Equivalent

-8219.9

6

36937.46

15497.65

7408.69

5237.9

-4244.5

2

-1614.4

-19749.

15

4220.99

13572.74

Cash and Cash Equivalents at End of the year

96183.84

104403.8

67466.34

51968.69 44560 39322.

143566.

6245181.

0264930.

1760709.

18

FINANCIAL RATIO


Mar 10 Mar 09 Mar 08 Mar 07 Mar 06 Mar 05 Mar 04 Mar 03 Mar 02 Mar 01Key Ratios Credit-Deposit(%) 75.96 74.97 77.51 73.46 62.13 52.55 48.10 45.63 45.66 48.15Investment / Deposit (%) 36.33 36.38 34.81 38.22 48.14 55.83 58.24 56.03 52.21 48.85Cash / Deposit (%) 7.56 8.37 8.29 6.22 5.15 5.23 5.17 6.11 7.86 8.51Interest Expended / Interest Earned (%) 66.66 67.28 65.23 59.57 56.67 57.00 63.28 67.90 69.54 67.93Other Income / Total Income (%) 18.36 16.60 16.23 16.63 17.30 18.01 20.12 17.19 12.48 13.34Operating Expenses / Total Income (%) 23.38 20.47 22.78 27.90 27.03 25.48 24.25 21.17 21.23 27.51Interest Income / Total Funds (%) 7.03 7.56 7.60 7.02 7.54 7.47 7.77 8.58 8.98 9.06Interest Expended / Total Funds (%) 4.69 5.09 4.95 4.18 4.27 4.26 4.92 5.83 6.24 6.15Net Interest Income / Total Funds (%) 2.34 2.47 2.64 2.84 3.27 3.21 2.85 2.75 2.73 2.90Non Interest Income / Total Funds (%) 1.58 1.50 1.47 1.40 1.58 1.64 1.96 1.78 1.28 1.39Operating Expenses / Total Funds (%) 2.01 1.86 2.07 2.35 2.46 2.32 2.36 2.19 2.18 2.88Profit before Provisions / Total Funds (%) 1.91 2.12 2.05 1.89 2.38 2.53 2.45 2.34 1.84 1.52Net Profit / Total funds (%) 0.91 1.08 1.04 0.86 0.92 0.99 0.94 0.86 0.73 0.56RONW (%) 14.80 17.05 16.75 15.41 17.04 19.43 19.67 19.15 16.95 14.68

EQUITY HISTORY


Date Equity Capital Reason Premium - Unit Curr Ratio Remark 26/08/2010 634.99 Scheme of Arrangement/Amalgamation 0 0:0 Notes 22/05/2008 634.88 Issued under ESOP Scheme 0 0:0 Notes 28/01/2008 631.47 Rights Issue 1580 1:5 Notes 31/03/1997 526.30 Equity Underlying GDR 0 0:0 Notes 31/03/1995 474.01 Equity shares issued 0 0:0 Notes 31/03/1994 473.83 Public Issue 90 0:0 Notes 31/12/1993 331.98 Rights Issue 50 3:5 Notes 31/03/1991 200.00 Rights Issue 160 0:0 Notes 31/12/1986 150.00 Rights Issue 160 0:0 Notes 31/12/1985 50.00 As Per Annual Report 0 0:0 Notes

SHAREHOLDING PATTERN

Industry :Banks - Public Sector

Ownership Pattern as on 31-12-2010 No of Shares

% Share Holding

Share Holder

Demat Share

Foreign (Promoter & Group) 0 0.0000 0 0Indian (Promoter & Group) 377207200 59.4029 1 377207200Total of Promoter 377207200 59.4029 1 377207200Non Promoter (Institution) 183840990 28.9514 1055 183572837Non Promoter (Non-Institution) 55739737 8.7779 706912 44143863Total Non Promoter 239580727 37.7293 707967 227716700Total Promoter & Non Promoter 616787927 97.1322 707968 604923900Custodians(Against Depository Receipts) 18210188 2.8678 1 18210188Grand Total 634998115 100.0000 707969 623134088

LATEST EQUITY


(Rs in Crs) Latest Data as on 09-Feb-2011 Latest Equity (Rs in Crs) 634.99 Latest Reserve (Rs in Crs) 65,314.32 Latest Book Value(Unit Curr.) 1,038.59 Latest EPS(Unit Curr.) 159.22 Latest Market Price(Unit Curr.) as on 9/Feb/2011 2,590.90 Latest P/E Ratio 16.27 52 Week High(Unit Curr.) 3,515.00 52 Week Low(Unit Curr.) 1,888.00 Market Capitalisation (Rs in Crs) 164,519.56 Stock Exchange BSE Dividend Yield % 1.16

SHARE PRICE DATA


From

To

Date Open Price

High Price Low Price Close

PriceTotal

VolumeNo of

TradesNet Turnover

-Rs. Thousand

Market Cap BSE_SENSEX

09/02/2011 2,631.15 2,635.10 2,576.50 2,590.90 627128 25066 1,633,864.94 164,519.56 17,592.7708/02/2011 2,670.00 2,684.80 2,623.00 2,638.70 577569 22893 1,534,532.24 167,554.81 17,775.7007/02/2011 2,660.00 2,687.50 2,636.00 2,662.70 414340 21255 1,103,860.91 169,078.79 18,037.1904/02/2011 2,652.00 2,692.80 2,628.50 2,646.70 655435 30421 1,743,242.43 168,062.80 18,008.1503/02/2011 2,575.00 2,659.10 2,561.00 2,652.55 636356 29003 1,666,831.31 168,434.27 18,449.31

BSE

9

Feb 2010

9 Feb 2011

Go

02/02/2011 2,625.00 2,634.00 2,558.65 2,573.35 704726 26382 1,829,194.73 163,405.15 18,090.6201/02/2011 2,651.90 2,660.00 2,587.00 2,595.75 874425 23207 2,296,991.77 164,827.53 18,022.2231/01/2011 2,580.15 2,662.50 2,570.80 2,641.05 679519 31180 1,777,568.38 167,704.03 18,327.7628/01/2011 2,649.00 2,674.70 2,591.20 2,618.55 791080 32888 2,071,610.04 166,275.31 18,395.9727/01/2011 2,688.40 2,711.50 2,642.00 2,653.65 438752 22114 1,177,265.00 168,504.12 18,684.4325/01/2011 2,705.25 2,737.60 2,670.75 2,679.25 1220809 60703 3,297,356.36 170,129.70 18,969.4524/01/2011 2,635.10 2,705.00 2,635.10 2,693.10 729019 39197 1,954,797.09 171,009.16 19,151.2821/01/2011 2,530.00 2,607.00 2,522.10 2,597.95 674513 37484 1,739,449.63 164,967.23 19,007.5320/01/2011 2,497.00 2,543.60 2,468.80 2,534.85 790301 38688 1,977,592.93 160,960.44 19,046.5419/01/2011 2,562.55 2,568.00 2,494.00 2,508.70 674471 27231 1,699,313.78 159,299.94 18,978.3218/01/2011 2,524.90 2,561.80 2,524.90 2,556.35 348964 19354 889,380.65 162,325.67 19,092.0517/01/2011 2,506.90 2,533.80 2,490.50 2,516.45 506987 26709 1,275,702.17 159,792.06 18,882.2514/01/2011 2,565.00 2,587.95 2,490.00 2,502.25 838092 50490 2,129,225.29 158,890.37 18,860.4413/01/2011 2,671.10 2,674.00 2,554.25 2,560.65 912943 43990 2,369,109.21 162,598.71 19,182.8212/01/2011 2,628.70 2,687.00 2,570.00 2,664.75 1096326 56813 2,881,912.91 169,208.96 19,534.1011/01/2011 2,548.70 2,628.00 2,530.00 2,611.80 1000837 51539 2,595,783.71 165,846.69 19,196.3410/01/2011 2,604.00 2,635.20 2,535.00 2,547.80 979317 50309 2,536,044.71 161,782.75 19,224.1207/01/2011 2,621.40 2,642.90 2,572.15 2,599.85 1271505 68147 3,315,014.98 165,087.88 19,691.8106/01/2011 2,712.25 2,717.00 2,614.15 2,625.20 985972 51213 2,607,313.58 166,697.57 20,184.7405/01/2011 2,734.00 2,734.50 2,686.05 2,697.30 725695 31719 1,959,567.13 171,275.85 20,301.1004/01/2011 2,834.30 2,834.30 2,727.35 2,733.60 735198 34459 2,028,393.52 173,580.87 20,498.7203/01/2011 2,830.05 2,852.45 2,815.00 2,820.85 316334 15414 897,192.78 179,121.15 20,561.0531/12/2010 2,762.95 2,827.85 2,756.00 2,811.05 544894 26364 1,525,083.36 178,498.86 20,509.0930/12/2010 2,755.35 2,779.90 2,742.00 2,749.50 259345 13173 715,772.03 174,590.50 20,389.0729/12/2010 2,735.00 2,763.00 2,731.00 2,752.80 218496 11809 600,506.39 174,800.05 20,256.0328/12/2010 2,760.00 2,760.05 2,722.10 2,727.05 287107 11173 786,045.27 173,164.95 20,025.4227/12/2010 2,760.55 2,771.90 2,746.30 2,751.85 271702 10581 748,737.19 174,739.72 20,028.9324/12/2010 2,744.00 2,769.80 2,732.00 2,754.90 326614 15043 900,697.02 174,933.40 20,073.6623/12/2010 2,754.00 2,767.00 2,735.55 2,749.15 324530 16583 893,000.49 174,568.28 19,982.8822/12/2010 2,749.00 2,788.40 2,731.10 2,744.95 516391 26053 1,424,976.10 174,301.58 20,015.8021/12/2010 2,712.00 2,766.00 2,712.00 2,743.60 415380 23488 1,141,373.77 174,215.86 20,060.3220/12/2010 2,750.00 2,750.00 2,693.75 2,703.65 507401 25317 1,376,860.06 171,679.07 19,888.8816/12/2010 2,714.40 2,780.00 2,678.00 2,761.85 1087642 58419 2,971,991.62 175,374.71 19,864.8515/12/2010 2,783.50 2,783.90 2,672.60 2,696.05 888265 40852 2,410,562.42 171,196.48 19,647.7714/12/2010 2,750.80 2,805.00 2,741.00 2,792.70 659138 33738 1,827,598.66 177,333.66 19,799.1913/12/2010 2,748.00 2,780.00 2,696.00 2,747.15 1057693 53709 2,893,006.22 174,441.28 19,691.7810/12/2010 2,684.00 2,747.00 2,655.70 2,736.55 1106260 53673 2,996,087.37 173,768.19 19,508.8909/12/2010 2,813.00 2,820.00 2,667.65 2,686.20 1266026 56768 3,458,475.29 170,571.01 19,242.3608/12/2010 2,850.00 2,861.95 2,796.00 2,807.80 1018467 46086 2,878,973.99 178,292.49 19,696.4807/12/2010 2,950.00 2,950.00 2,850.00 2,865.40 1066620 46344 3,074,214.20 181,950.03 19,934.6406/12/2010 3,075.10 3,089.00 2,933.20 2,952.85 722150 34957 2,172,137.76 187,503.02 19,981.3103/12/2010 3,093.00 3,103.05 3,048.05 3,071.30 463286 24579 1,423,334.94 195,024.48 19,966.9302/12/2010 3,129.00 3,172.00 3,090.10 3,097.75 702628 26720 2,190,198.87 196,704.03 19,992.7001/12/2010 2,998.00 3,119.50 2,978.50 3,105.10 762557 35277 2,350,333.98 197,170.74 19,850.0030/11/2010 2,874.00 3,000.00 2,858.10 2,994.10 764842 33963 2,250,566.16 190,122.36 19,521.2529/11/2010 2,874.40 2,900.10 2,840.80 2,879.75 478335 23856 1,375,085.63 182,861.25 19,405.1026/11/2010 2,834.00 2,906.00 2,795.10 2,858.85 853999 42505 2,436,204.09 181,534.12 19,136.6125/11/2010 2,874.90 2,880.00 2,777.00 2,826.10 899629 42518 2,543,138.18 179,454.52 19,318.1624/11/2010 2,962.00 2,978.70 2,810.10 2,854.10 915684 44010 2,667,308.24 181,232.50 19,459.8523/11/2010 3,016.50 3,016.50 2,883.30 2,952.60 986487 49707 2,909,282.92 187,487.15 19,691.8422/11/2010 3,005.35 3,047.00 2,982.25 3,038.60 587091 28811 1,772,874.70 192,948.06 19,957.5919/11/2010 3,070.80 3,070.80 2,975.10 2,991.80 659631 32936 1,996,625.37 189,976.31 19,585.4418/11/2010 3,097.00 3,111.00 2,965.20 3,064.50 1037243 51795 3,164,541.51 194,592.69 19,930.6416/11/2010 3,169.00 3,187.90 3,065.00 3,081.55 921014 37969 2,869,428.19 195,675.34 19,865.1415/11/2010 3,040.00 3,174.50 3,013.00 3,164.15 1053202 47607 3,259,519.86 200,920.36 20,309.6912/11/2010 3,170.00 3,170.00 3,008.00 3,030.40 790986 34566 2,445,368.23 192,427.37 20,156.8911/11/2010 3,227.00 3,254.60 3,165.05 3,174.85 575898 24547 1,849,042.74 201,599.80 20,589.0910/11/2010 3,269.00 3,292.00 3,208.00 3,213.50 554218 23074 1,796,844.97 204,054.04 20,875.7109/11/2010 3,353.90 3,353.90 3,254.90 3,271.90 833453 39518 2,746,940.97 207,762.38 20,932.4808/11/2010 3,515.00 3,515.00 3,412.00 3,422.65 406437 21642 1,401,860.41 217,334.85 20,852.3805/11/2010 3,455.00 3,497.00 3,455.00 3,489.55 134633 6717 469,288.74 221,582.94 21,004.9604/11/2010 3,285.00 3,450.00 3,285.00 3,434.90 552925 24556 1,869,284.37 218,112.72 20,893.5703/11/2010 3,219.00 3,282.70 3,212.00 3,272.05 343748 15431 1,117,649.26 207,771.90 20,465.7402/11/2010 3,201.00 3,239.80 3,175.50 3,202.00 376912 14233 1,209,385.85 203,323.80 20,345.6901/11/2010 3,187.00 3,290.00 3,170.00 3,195.80 89639 2843 286,484.74 202,930.10 20,355.6329/10/2010 3,176.00 3,185.00 3,115.00 3,151.20 248374 11584 784,101.77 200,098.05 20,032.3428/10/2010 3,211.00 3,233.80 3,161.60 3,177.55 251481 9870 806,695.88 201,771.25 19,941.0427/10/2010 3,177.90 3,214.95 3,157.25 3,193.45 194095 9335 619,504.34 202,780.88 20,005.3726/10/2010 3,235.00 3,238.00 3,172.00 3,180.45 309985 11501 990,832.38 201,955.39 20,221.3925/10/2010 3,204.05 3,251.00 3,204.05 3,240.05 230148 9995 745,212.09 205,739.93 20,303.12

22/10/2010 3,208.00 3,221.00 3,172.55 3,201.10 303771 15849 971,499.15 203,266.65 20,165.8621/10/2010 3,110.00 3,210.00 3,107.00 3,196.40 369124 16400 1,167,713.91 202,968.20 20,260.5820/10/2010 3,106.95 3,131.00 3,077.00 3,094.45 331590 15871 1,029,306.47 196,494.48 19,872.1519/10/2010 3,190.00 3,203.00 3,110.30 3,121.50 375754 14392 1,189,417.45 198,212.13 19,983.1318/10/2010 3,164.70 3,208.00 3,135.00 3,167.10 278570 13078 881,015.45 201,107.68 20,168.8915/10/2010 3,271.00 3,275.00 3,150.00 3,164.70 329502 14496 1,053,076.12 200,955.29 20,125.0514/10/2010 3,312.00 3,322.00 3,251.10 3,262.70 177425 8130 582,309.93 207,178.19 20,497.6413/10/2010 3,240.00 3,315.60 3,224.00 3,304.90 445049 14458 1,456,930.09 209,857.85 20,687.8812/10/2010 3,260.05 3,260.05 3,202.00 3,231.80 170656 7894 550,506.50 205,216.07 20,203.3411/10/2010 3,259.75 3,269.70 3,245.65 3,259.20 168478 7075 548,823.12 206,955.94 20,339.8908/10/2010 3,201.00 3,268.00 3,201.00 3,244.90 245019 10947 794,787.86 206,047.91 20,250.2607/10/2010 3,236.10 3,245.00 3,205.00 3,216.65 169393 7397 546,058.23 204,254.06 20,315.3206/10/2010 3,280.00 3,280.00 3,225.20 3,232.10 130556 5808 424,137.70 205,235.12 20,543.0805/10/2010 3,257.00 3,274.00 3,242.10 3,249.60 263476 8890 859,028.49 206,346.35 20,407.7104/10/2010 3,280.00 3,299.00 3,240.00 3,256.35 258221 13107 843,862.99 206,774.97 20,475.7301/10/2010 3,250.00 3,272.00 3,222.10 3,261.20 398853 14792 1,298,265.36 207,082.94 20,445.0430/09/2010 3,187.30 3,268.00 3,174.10 3,233.20 465579 18994 1,492,309.89 205,304.97 20,069.1229/09/2010 3,195.00 3,224.00 3,185.60 3,194.25 348069 15303 1,116,160.17 202,831.68 19,956.3428/09/2010 3,165.00 3,208.00 3,105.25 3,190.25 330246 15489 1,052,334.17 202,577.68 20,104.8627/09/2010 3,155.50 3,199.00 3,148.60 3,179.90 340614 15111 1,083,856.78 201,920.47 20,117.3824/09/2010 3,135.00 3,157.00 3,126.00 3,144.30 384464 12802 1,209,051.30 199,659.91 20,045.1823/09/2010 3,158.15 3,164.80 3,126.00 3,140.55 378185 18142 1,189,277.12 199,421.78 19,861.0122/09/2010 3,115.00 3,158.50 3,100.00 3,147.75 618467 23745 1,936,820.17 199,878.98 19,941.7221/09/2010 3,111.45 3,129.05 3,085.00 3,104.25 300677 14705 933,119.88 197,116.77 20,001.5520/09/2010 3,115.00 3,149.95 3,075.00 3,107.55 328883 13640 1,018,620.36 197,326.32 19,906.1017/09/2010 3,105.00 3,127.50 3,081.00 3,094.00 302930 15883 938,653.25 196,465.91 19,594.7516/09/2010 3,070.00 3,142.50 3,060.00 3,100.05 1011915 43764 3,153,321.53 196,850.07 19,417.4915/09/2010 3,100.10 3,121.85 3,044.00 3,060.65 527024 24583 1,623,180.55 194,348.21 19,502.1114/09/2010 3,170.00 3,170.00 3,084.50 3,113.70 729127 28784 2,282,779.14 197,716.84 19,346.9613/09/2010 2,998.00 3,175.00 2,996.00 3,147.25 924911 43457 2,885,869.07 199,847.23 19,208.3309/09/2010 2,900.00 2,999.95 2,900.00 2,982.50 682697 29419 2,020,268.13 189,385.77 18,799.6608/09/2010 2,820.00 2,910.00 2,808.00 2,894.20 663839 26767 1,908,590.25 183,778.81 18,666.7107/09/2010 2,865.00 2,865.00 2,824.00 2,835.55 200708 9831 570,216.63 180,054.59 18,645.0606/09/2010 2,780.00 2,871.95 2,778.10 2,858.75 340048 15630 963,234.54 181,527.77 18,560.0503/09/2010 2,769.00 2,789.00 2,751.00 2,773.50 180414 8711 499,847.03 176,114.48 18,221.4302/09/2010 2,785.00 2,805.00 2,750.00 2,758.10 230390 10113 638,595.36 175,136.59 18,238.3101/09/2010 2,772.00 2,786.00 2,738.75 2,776.80 305257 13818 844,452.86 176,324.02 18,205.8731/08/2010 2,795.00 2,795.00 2,744.80 2,764.85 317966 15904 878,768.38 175,565.21 17,971.1230/08/2010 2,820.00 2,830.25 2,787.00 2,801.30 263526 12672 739,489.97 177,879.75 18,032.1127/08/2010 2,878.00 2,878.00 2,788.70 2,803.10 309745 14866 877,037.56 177,963.21 17,998.4126/08/2010 2,825.00 2,884.00 2,825.00 2,865.10 517739 20816 1,481,685.84 181,899.47 18,226.3525/08/2010 2,848.00 2,854.40 2,815.20 2,823.70 307420 12186 871,026.56 179,271.07 18,179.6424/08/2010 2,825.15 2,853.90 2,801.10 2,846.95 461605 18260 1,309,535.44 180,747.16 18,311.5923/08/2010 2,781.00 2,839.90 2,770.10 2,822.60 388712 15380 1,091,484.74 179,201.23 18,409.3520/08/2010 2,788.70 2,830.75 2,780.00 2,783.65 290900 12919 814,797.37 176,728.37 18,401.8219/08/2010 2,799.00 2,829.95 2,780.00 2,805.70 317638 14700 889,943.13 178,128.28 18,454.9418/08/2010 2,827.45 2,834.80 2,766.00 2,814.90 439480 17964 1,230,684.79 178,712.37 18,257.1217/08/2010 2,825.00 2,857.10 2,811.40 2,818.15 270752 11799 766,890.84 178,918.71 18,048.8516/08/2010 2,849.90 2,855.40 2,810.00 2,820.25 357921 13712 1,012,197.91 179,052.03 18,050.7813/08/2010 2,790.00 2,879.95 2,780.00 2,849.40 1084589 42978 3,093,299.76 180,902.71 18,167.0312/08/2010 2,595.00 2,797.80 2,580.50 2,784.00 2337861 86172 6,374,382.89 176,750.59 18,073.9011/08/2010 2,631.65 2,646.00 2,599.10 2,603.60 228591 10208 598,537.56 165,297.36 18,070.1910/08/2010 2,645.00 2,674.40 2,622.00 2,631.65 311258 11653 824,753.84 167,078.20 18,219.9909/08/2010 2,621.00 2,655.00 2,617.00 2,649.35 218408 7876 577,268.14 168,201.93 18,287.5006/08/2010 2,615.00 2,653.00 2,605.55 2,620.00 211897 10432 557,071.03 166,338.56 18,143.9905/08/2010 2,595.00 2,663.00 2,592.25 2,646.35 485349 21662 1,282,153.90 168,011.47 18,172.8304/08/2010 2,600.00 2,603.05 2,571.85 2,594.50 276415 11223 715,214.53 164,719.62 18,217.4403/08/2010 2,600.00 2,616.40 2,578.00 2,603.05 496378 17526 1,291,406.74 165,262.44 18,114.8302/08/2010 2,520.00 2,599.90 2,511.00 2,581.10 397635 18812 1,017,500.41 163,868.88 18,081.2130/07/2010 2,465.00 2,519.90 2,450.50 2,503.80 563975 20234 1,411,518.80 158,961.25 17,868.2929/07/2010 2,465.00 2,478.80 2,440.00 2,473.20 403631 10667 993,005.63 157,018.52 17,992.0028/07/2010 2,448.00 2,476.40 2,423.90 2,470.85 299710 12550 736,542.25 156,869.32 17,957.3727/07/2010 2,405.55 2,445.75 2,401.00 2,435.00 513010 21752 1,244,823.77 154,593.28 18,077.6126/07/2010 2,460.60 2,504.00 2,402.00 2,408.85 348710 13551 847,915.02 152,933.07 18,020.0523/07/2010 2,480.00 2,504.00 2,460.00 2,494.70 374902 16099 934,364.40 158,383.51 18,130.9822/07/2010 2,429.00 2,490.00 2,416.80 2,477.25 391900 15058 963,616.32 157,275.65 18,113.1521/07/2010 2,458.70 2,458.70 2,434.50 2,437.15 132311 5851 323,241.73 154,729.78 17,977.2320/07/2010 2,465.00 2,465.95 2,440.05 2,448.45 129903 5871 318,456.94 155,447.19 17,878.1419/07/2010 2,420.00 2,465.00 2,405.55 2,456.15 205010 8453 502,083.52 155,936.05 17,928.4216/07/2010 2,440.00 2,463.70 2,429.00 2,441.15 163506 7898 400,152.08 154,983.73 17,955.82

15/07/2010 2,458.00 2,470.00 2,434.00 2,439.45 238254 9946 582,557.45 154,875.80 17,909.4614/07/2010 2,445.00 2,477.70 2,440.00 2,464.35 415636 12655 1,024,425.30 156,456.65 17,938.1613/07/2010 2,400.00 2,435.00 2,394.00 2,428.05 429597 13329 1,040,213.77 154,152.04 17,985.9012/07/2010 2,375.00 2,410.70 2,370.00 2,399.55 338839 14153 811,366.60 152,342.63 17,937.2009/07/2010 2,363.80 2,377.00 2,360.00 2,368.85 282689 11975 670,245.55 150,393.55 17,833.5408/07/2010 2,323.00 2,364.00 2,318.00 2,356.75 453827 16278 1,068,306.10 149,625.34 17,651.7307/07/2010 2,313.00 2,318.00 2,290.00 2,303.95 221039 10637 509,274.26 146,273.18 17,471.0306/07/2010 2,275.00 2,319.80 2,271.20 2,313.00 319848 10897 736,022.52 146,847.74 17,614.4805/07/2010 2,265.00 2,293.95 2,262.50 2,272.60 149214 7163 339,969.71 144,282.83 17,441.4402/07/2010 2,262.00 2,310.00 2,257.20 2,265.25 237023 9785 537,583.61 143,816.19 17,460.9501/07/2010 2,290.00 2,296.00 2,254.40 2,261.80 381878 13843 865,330.99 143,597.16 17,509.3330/06/2010 2,285.00 2,310.35 2,275.00 2,302.10 342485 12522 787,612.35 146,155.72 17,700.9029/06/2010 2,335.85 2,335.85 2,285.00 2,294.90 415780 18640 957,395.62 145,698.61 17,534.0928/06/2010 2,293.70 2,313.70 2,276.55 2,301.95 280007 11563 643,727.75 146,146.20 17,774.2625/06/2010 2,351.00 2,356.00 2,288.00 2,300.80 280835 11785 651,881.00 146,073.19 17,574.5324/06/2010 2,345.00 2,365.95 2,337.90 2,356.35 221914 8433 522,638.43 149,599.95 17,730.2423/06/2010 2,335.00 2,358.00 2,329.25 2,349.55 207034 9376 484,508.22 149,168.23 17,755.9422/06/2010 2,378.10 2,385.00 2,300.00 2,354.85 191576 7761 453,101.00 149,504.72 17,749.6921/06/2010 2,362.00 2,402.50 2,362.00 2,386.95 298838 10924 714,752.81 151,542.68 17,876.5518/06/2010 2,352.00 2,384.00 2,341.00 2,372.70 539923 16671 1,275,404.86 150,637.98 17,570.8217/06/2010 2,360.00 2,360.00 2,326.10 2,345.25 262908 11573 615,860.65 148,895.23 17,616.6916/06/2010 2,365.00 2,379.80 2,265.00 2,361.00 421349 15568 995,418.08 149,895.17 17,462.8715/06/2010 2,349.80 2,374.20 2,320.00 2,363.95 469952 16555 1,101,548.08 150,082.46 17,412.8314/06/2010 2,354.85 2,365.00 2,326.55 2,344.70 275152 12480 644,748.05 148,860.31 17,338.1711/06/2010 2,336.00 2,354.00 2,327.10 2,338.00 351914 15433 823,635.78 148,434.94 17,064.9510/06/2010 2,281.00 2,339.60 2,281.00 2,327.05 772838 27986 1,790,966.61 147,739.75 16,922.0809/06/2010 2,277.00 2,309.00 2,258.50 2,272.95 643635 23450 1,470,103.80 144,305.05 16,657.8908/06/2010 2,285.00 2,329.90 2,268.00 2,284.35 417396 18324 960,885.01 145,028.81 16,617.1007/06/2010 2,300.00 2,303.90 2,273.00 2,287.05 406273 16908 929,337.96 145,200.23 16,781.0704/06/2010 2,298.00 2,348.95 2,277.60 2,341.80 597776 27853 1,388,668.34 148,676.20 17,117.6903/06/2010 2,270.00 2,303.70 2,270.00 2,286.50 366103 16732 839,034.83 145,165.31 17,022.3302/06/2010 2,210.00 2,267.45 2,201.00 2,258.95 399526 16269 893,878.40 143,416.22 16,741.8401/06/2010 2,260.00 2,275.00 2,203.00 2,210.15 369113 13670 826,504.55 140,318.00 16,572.0331/05/2010 2,240.00 2,274.90 2,231.50 2,268.35 356702 13955 805,187.38 144,013.00 16,944.6328/05/2010 2,239.00 2,251.65 2,202.85 2,235.30 411228 18552 917,387.58 141,914.73 16,863.0627/05/2010 2,165.00 2,240.00 2,158.25 2,215.70 509503 19806 1,115,007.67 140,670.36 16,666.4026/05/2010 2,170.00 2,183.35 2,151.00 2,172.10 347894 13876 754,875.18 137,902.28 16,387.8425/05/2010 2,232.00 2,232.00 2,138.00 2,154.60 540966 22145 1,176,726.02 136,791.24 16,022.4824/05/2010 2,275.00 2,311.65 2,231.80 2,243.00 332798 14915 756,410.32 142,403.58 16,469.5521/05/2010 2,245.00 2,283.40 2,209.15 2,271.55 473358 18670 1,065,721.05 144,216.17 16,445.6120/05/2010 2,230.00 2,274.00 2,220.00 2,263.40 458403 19734 1,033,208.19 143,698.74 16,519.6819/05/2010 2,248.00 2,272.00 2,193.10 2,214.85 566988 20836 1,267,224.81 140,616.40 16,408.4918/05/2010 2,262.00 2,296.90 2,230.90 2,276.15 679071 24425 1,542,662.27 144,508.21 16,875.7617/05/2010 2,200.00 2,268.00 2,141.75 2,251.45 848571 33435 1,861,427.22 142,940.06 16,835.5614/05/2010 2,312.35 2,334.00 2,213.00 2,222.65 1078344 41233 2,449,093.92 141,111.60 16,994.6013/05/2010 2,330.00 2,348.80 2,306.20 2,315.15 371206 14184 865,183.88 146,984.24 17,265.8712/05/2010 2,285.00 2,340.00 2,285.00 2,323.95 452947 19420 1,047,977.77 147,542.94 17,195.8111/05/2010 2,315.00 2,337.90 2,280.00 2,286.90 481757 20388 1,111,667.97 145,190.71 17,141.5310/05/2010 2,250.00 2,322.00 2,249.00 2,306.70 305949 13021 698,594.52 146,447.77 17,330.5507/05/2010 2,295.00 2,295.00 2,218.10 2,226.35 464557 17447 1,044,914.39 141,346.51 16,769.1106/05/2010 2,285.00 2,317.00 2,262.60 2,309.85 460858 17872 1,055,344.92 146,647.76 16,987.5305/05/2010 2,260.00 2,298.00 2,245.00 2,285.30 410999 17572 932,372.26 145,089.13 17,087.9604/05/2010 2,250.00 2,315.50 2,250.00 2,281.10 371302 12775 853,293.70 144,822.48 17,137.1403/05/2010 2,291.00 2,309.00 2,277.10 2,300.05 344242 13332 789,199.96 146,025.57 17,386.0830/04/2010 2,285.00 2,318.80 2,274.45 2,297.95 514839 21036 1,185,313.66 145,892.25 17,558.7129/04/2010 2,225.00 2,285.00 2,225.00 2,274.45 497789 19235 1,126,631.58 144,400.28 17,503.4728/04/2010 2,148.50 2,251.90 2,148.50 2,235.85 475784 20054 1,062,189.87 141,949.64 17,380.0827/04/2010 2,252.10 2,252.10 2,209.00 2,216.10 260694 12174 579,655.34 140,695.76 17,690.6226/04/2010 2,269.00 2,275.00 2,240.10 2,252.05 359096 17215 810,150.84 142,978.15 17,745.2823/04/2010 2,220.00 2,292.00 2,215.95 2,255.60 860693 34573 1,944,540.49 143,203.53 17,694.2022/04/2010 2,100.00 2,248.80 2,095.00 2,222.65 1624376 73044 3,575,566.60 141,111.60 17,573.9921/04/2010 2,102.00 2,118.90 2,087.10 2,105.20 405656 15188 853,293.81 133,654.94 17,472.5620/04/2010 2,045.00 2,106.00 2,023.00 2,098.05 722518 26518 1,497,577.22 133,201.00 17,460.5819/04/2010 2,027.00 2,043.90 2,015.00 2,031.75 249616 10361 506,726.15 128,991.74 17,400.6816/04/2010 2,051.05 2,055.00 2,026.00 2,046.80 265127 10757 541,537.75 129,947.24 17,591.1815/04/2010 2,110.00 2,110.00 2,048.10 2,054.10 372601 12010 771,368.75 130,410.70 17,639.2613/04/2010 2,090.10 2,109.40 2,063.85 2,092.50 370629 14029 772,527.14 132,848.64 17,821.9612/04/2010 2,115.00 2,115.00 2,080.70 2,092.10 235955 7709 493,967.78 132,823.24 17,853.0009/04/2010 2,100.00 2,123.90 2,086.00 2,106.55 218365 8249 460,846.51 133,740.65 17,933.1408/04/2010 2,105.00 2,109.90 2,088.00 2,094.25 275682 8802 577,954.22 132,959.74 17,714.40

07/04/2010 2,135.00 2,135.00 2,098.10 2,112.40 228517 9360 483,628.05 134,112.05 17,970.0206/04/2010 2,145.00 2,149.80 2,113.25 2,124.05 194318 8498 413,718.47 134,851.69 17,941.3705/04/2010 2,111.00 2,141.00 2,107.00 2,137.50 216834 10757 460,482.78 135,705.60 17,935.6801/04/2010 2,085.00 2,108.70 2,079.05 2,103.70 182257 8632 381,686.11 133,559.71 17,692.6231/03/2010 2,081.35 2,098.50 2,072.00 2,079.00 198463 8807 414,336.61 131,991.55 17,527.7730/03/2010 2,099.90 2,120.05 2,075.00 2,082.15 259660 11825 545,748.90 132,191.54 17,590.1729/03/2010 2,075.40 2,104.40 2,074.00 2,094.45 275275 11425 576,404.41 132,972.44 17,711.3526/03/2010 2,065.00 2,077.60 2,046.70 2,072.75 363826 13463 750,900.29 131,594.75 17,644.7625/03/2010 2,042.00 2,061.85 2,025.10 2,050.35 232382 8749 473,561.09 130,172.62 17,558.8523/03/2010 2,058.00 2,058.00 2,021.40 2,047.15 352228 11178 717,540.59 129,969.46 17,451.0222/03/2010 2,031.25 2,054.80 2,014.20 2,041.00 311793 10699 636,324.33 129,579.01 17,410.5719/03/2010 2,045.00 2,065.80 2,036.70 2,058.50 310642 14039 638,697.36 130,690.05 17,578.2318/03/2010 2,027.30 2,050.00 2,014.20 2,029.75 273328 8995 553,690.01 128,864.77 17,519.2617/03/2010 2,023.90 2,041.90 2,016.10 2,026.15 354072 13661 718,842.00 128,636.21 17,490.0816/03/2010 2,014.20 2,025.00 1,998.00 2,016.10 277994 12114 558,828.69 127,998.16 17,383.1815/03/2010 2,045.00 2,045.00 2,011.90 2,015.90 225562 9752 456,031.34 127,985.46 17,164.9912/03/2010 2,050.00 2,062.90 2,041.55 2,045.50 265905 11699 545,208.36 129,864.70 17,166.6211/03/2010 2,037.00 2,052.40 2,020.00 2,045.25 311064 13479 633,737.09 129,848.83 17,167.9610/03/2010 2,042.00 2,049.00 2,027.50 2,036.10 372254 14061 758,482.74 129,267.92 17,098.3309/03/2010 2,040.00 2,082.00 2,040.00 2,043.85 445490 15309 915,662.94 129,759.95 17,052.5408/03/2010 2,065.00 2,114.00 2,032.25 2,070.25 1255616 44609 2,614,798.78 131,436.03 17,102.6005/03/2010 2,040.00 2,057.50 2,024.00 2,046.45 281598 12085 575,576.12 129,925.02 16,994.4904/03/2010 2,027.00 2,042.00 2,014.30 2,032.65 307839 12764 625,853.16 129,048.88 16,971.7003/03/2010 1,995.00 2,027.20 1,988.00 2,019.65 342312 14332 689,610.31 128,223.54 17,000.0102/03/2010 1,990.00 2,011.00 1,978.00 1,988.50 290800 12081 579,803.50 126,245.89 16,772.5626/02/2010 1,925.00 2,033.50 1,917.10 1,975.85 1062117 38471 2,101,397.86 125,442.76 16,429.5525/02/2010 1,925.00 1,928.00 1,903.10 1,914.45 288006 9616 551,632.63 121,544.60 16,254.2024/02/2010 1,915.00 1,930.00 1,893.30 1,920.75 164377 7450 315,065.42 121,944.58 16,255.9723/02/2010 1,916.00 1,934.40 1,905.60 1,911.60 257129 10076 493,982.82 121,363.66 16,286.3222/02/2010 1,915.65 1,934.25 1,907.00 1,913.60 554279 10918 1,067,835.62 121,490.64 16,237.0519/02/2010 1,928.00 1,928.80 1,891.10 1,903.90 480505 16573 914,578.86 120,874.80 16,191.6318/02/2010 1,960.00 1,960.00 1,930.00 1,938.55 278405 11441 540,160.88 123,074.66 16,327.8417/02/2010 1,926.30 1,958.85 1,926.30 1,952.65 305080 13356 593,249.60 123,969.84 16,428.9116/02/2010 1,899.90 1,925.00 1,895.90 1,920.25 257201 11360 491,358.19 121,912.83 16,226.6815/02/2010 1,925.00 1,930.50 1,888.00 1,893.60 331795 13924 630,149.21 120,220.88 16,038.3511/02/2010 1,909.40 1,939.00 1,900.00 1,917.60 271901 11593 523,359.25 121,744.59 16,152.5910/02/2010 1,965.00 1,966.55 1,895.75 1,909.40 470603 18991 907,116.87 121,223.99 15,922.1709/02/2010

DIRECTOR’S REPORTS

STATE BANK OF INDIA

ANNUAL REPORT 2009-2010

DIRECTOR'S REPORT

MANAGEMENT DISCUSSION AND ANALYSIS:

Economic Backdrop and Banking Environment:

The Indian economy is back on track and poised to grow by 7.2% in 2009-10, higher than 6.7% in the previous year. The strong industrial recovery and continuing momentum in services sector is the key underlying strength behind the higher growth. On the agriculture front, decline in farm output is expected to be contained at around -0.2%, against growth of 1.6% in 2008-09, due to good rabi harvest, partially offsetting the kharif losses suffered because of the worst South-West Monsoon since 1972.

Industry showed a marked improvement and is expected to grow by 8.8% in 2009-10 against 3.1% in 2008-09. The higher growth of 8.9% in 2009-10 in manufacturing, against 3.2% in the previous year, was propelled by robust performance of capital goods, consumer durables and intermediate goods. Apart from manufacturing, mining and electricity also contributed to higher

industrial growth. Mining is projected to grow by 8.7% in 2009-10 against 1.6% in the previous year while electricity is likely to grow by 8.2%o against 3.9% in the previous year. Services sector accounting for about two-third of GDP, is expected to grow by 8.5% in 2009-10, against 9.3% in 2008-09. The moderation in services sector growth was largely on account of community, social and personal services, which grew by 8.2% in 2009-10 against 13.9% in 2008-09.

Following signs of economic revival in developed countries, merchandise exports moved into positive territory in November 2009 after declining continuously for thirteen months. However, cumulative exports during 2009-10 remained negative and declined by 4.7%, while imports declined by 8.2%. Revival in the domestic end global economy was reflected in net capital inflows. In particular, net FII inflows were a robust US $29 bn in 2009-10 as against net outflow of US $15 bn in 2008-09. In November 2009, RBI purchased 200 metric tons of gold from the IMF as a part of its foreign exchange reserves management operations but the forex reserves of the country remained unchanged since the gold purchase was only a substitution of foreign currency assets. Due to strong capital inflows, forex reserves of the country (including gold and SDRs) increased by US $27.1 billion to US $279.1 billion and the Rupee appreciated against the US dollar from Rs.50.95 per dollar at end March 2009 to Rs.45.14 per dollar at end-March 2010.

After remaining benign in the first two quarters, inflation emerged as a major concern during the third and fourth quarters of 2009-10. Increase in WPI inflation to 9.9% YoY in March 2010 from 1.2% YoY in March 2009 was largely driven by supply side factors particularly in the case of food items. In the same period, food prices increased sharply by 17.70% compared to the rise of 6.97% a year ago.

The liquidity constraint that emerged following the global financial crisis led RBI to follow an accommodative monetary policy stance which was continued during the major part of 2009-10. As the global financial and economic conditions deteriorated, a series of measures were taken after September 2008 to enhance liquidity in the system and support growth in the economy. There was further easing of policy rates in 2009-10 as the Reverse Repo rate and Repo rate were slashed by 25 bps each to 3.25% and 4.75% respectively in April 2009. Keeping in view the comfortable liquidity position, the SLR was restored to its earlier level of 25% of NDTL from November 2009. Due. to the accommodative policy followed by RBI during major part of 2009-10, interest rates on both deposits and credit softened. While PLR of major banks fell by 50 bps from 11.50-12.50% at end-March 2009 to 11.0-12.0% at end March 2010, deposits rates declined from 7.75-8.75% to 6.0-7.50% in the same period. Even as there were signs of a recovery in January 2010, amidst concerns about rising inflation, RBI announced a hike in CRR by 75 bps to 5.75% in two tranches to keep a check on liquidity and control inflation. On 19 March 2010, to curb inflationary expectations, RBI hiked Repo and Reverse Repo rates by 25 bps each to 5% and 3.50% respectively.

Conditions in the global economy improved in the third and fourth quarters of 2009, which prompted the IMF to reduce the projected rate of economic contraction in 2009 from 1.1% to 0.8%. IMF has also revised the projection of global growth for 2010 to 4.2%, up from 3.9%. In 2009-10, while advanced economies were focused on stabilising their economies in the aftermath of the global financial turmoil, emerging market economies (EMEs) including India, were engaged in mitigating the adverse impact of the global financial crisis on their economies. In India, with the economy firmly on the recovery path towards the second half of the year, the policy emphasis shifted from managing the crisis to managing the recovery.

During 2010-11, the efforts in advanced economies will be to further improve the financial conditions and strengthen the growth impulses, while the endeavour in EMEs including India will be to strengthen the recovery process without compromising on price stability.

Financial Performance:

Profit:

The Operating Profit of the Bank for 2009-10 stood at Rs.18,320.91 crores as compared to Rs.17,915.23 crores in 2008-09 registering a growth of 2.26%. The Bank has posted a Net Profit of Rs.9,166.05 crores for 2009-10 as compared to Rs.9,121.23 crores in 2008-09 registering a moderate growth of 0.49%.

While Net Interest Income recorded a growth of 13.41% and Other Income increased by 17.95%, Operating Expenses increased by 29.84% attributable to higher staff cost and other expenses.

Dividend

The Bank has increased dividend to Rs.30.00 per share (300%) {(inclusive of interim dividend of Rs.10.00 per share (100%) already. paid)} from Rs.29.00 per share (290%) in the last year.

Net Interest Income:

The Net Interest Income of the Bank registered a growth of 13.41% from Rs.20,873.14 crores in 2008-09 to Rs.23,671.44 crores in 2009-10. This was due to growth in interest income on advances and investments.

The gross interest income from global operations rose from Rs.63,788.43 crores to Rs.70,993.92 crores during the year. This was mainly due to higher interest income on advances.

Interest income on advances in India registered an increase from Rs.42,989.36 crores in 2008-09 to Rs.47,633.47 crores in 2009-10 despite decline in the average yield on advances in India from 10.15% in 2008-09 to 9.66% in 2009-10. Interest income on advances at foreign offices has decreased by 12.19%.

Income from resources deployed in Treasury operations in India increased by 17.85% mainly due to higher average resources deployed. However, the average yield, which was 7.10% in 2008-09, has decreased to 6.52% in 2009-10.

Total interest expenses of global operations increased from Rs.42,915.29 crores in 2008-09 to Rs.47,322.48 crores in 2009-10. Interest expenses on deposits in India during 2009-10 recorded an increase of 15.04% compared to the previous year, whereas the average level of deposits in India grew by 25.05% and the average cost of deposits declined from 6.30% in 2008-09 to 5.80% in 2009-10.

Non-Interest Income

Non-interest income stood at Rs.14,968.15 crores in 2009-10 as against Rs.12,690.79 crores in 2008-09.

During the year, the Bank received an income of Rs.573.48 crores (Rs.409.60 crores in the previous year) by way of dividends from Associate Banks/subsidiaries and joint ventures in India and abroad.

Operating Expenses

There was an increase of 30.85% in the Staff Cost from Rs.9,747.31 crores in 2008-09 to Rs.12,754.65 crores in 2009-10 attributable to higher pension provisioning and increased staff strength. Staff Cost included an amount of Rs.1,997 crores towards additional pension provision and Rs.2,559 crores towards wage revision provisions as compared to Rs.1,469 crores and Rs.1,414 crores respectively in the previous years.

Other Operating Expenses have also registered an increase of 28.35% mainly due to increase in expenses on rent, taxes and lighting, depreciation on the Bank's properties, law charges, postage and telephones, repairs & maintenance to the Bank's properties, insurance and miscellaneous expenditure.

Operating Expenses, comprising both staff cost and other operating expenses, have registered an increase of 29.84% over the previous year.

Provisions and Contingencies

Major amounts of provisions made in 2009-10 were as under:

* Rs.987.99 crores towards write-back for depreciation on investments, excluding amortization of premium on Held to Maturity' category (as against provision of Rs.707.17 crores in 2008-09).

* Rs.6,166.62 crores towards Provision for Tax, excluding deferred tax credit of Rs.1,407.75 crores (as against Rs.5,971.52 crores in 2008-09 excluding deferred tax credit of Rs.1,055.10 crores).

* Rs.5,147.86 crores (net of write-back) for nonperforming assets (as against Rs.2,474.96 crores in 2008-09).

* Rs.80.06 crores towards Standard Assets (as against Rs.234.82 crores in 2008-09). Including the current year's provision, the total provision held on Standard Assets (domestic offices) amounts to Rs.2,292.72 crores.

Reserves and Surplus:

* An amount of Rs.6,381.09 crores (as against Rs.5,291.79 crores in 2008-09) was transferred to Statutory Reserves.

* An amount of Rs.114.05 crores (as against Rs.826.55 crores in 2008-09) was transferred to Capital Reserve Fund.

* An amount of Rs.529.51 crores (as against Rs.306.89 crores in 2008-09) was transferred to other Reserve Funds.

Table: 1 Key Performance Indicators

Indicators SBI SBI Group 2009-10 2008-09 2009-10 2008-09

Return on Average Assets (%) 0.88 1.04 0.88 0.94Return on Equity (%) 14.84 15.07 14.55 16.30Expenses to Income (%)(OperatingExpenses to Total Net Income) 52.59 46.62 63.10 52.65Basic Earnings Per Share (Rs.) 144.37 143.77 184.82 172.68Diluted Earnings Per Share (Rs.) 144.37 143.77 184.82 172.68Capital Adequacy Ratio (%) (Basel-I) 12.00 12.97 11.89 12.90Tier I 8.46 8.53 8.08 8.21Tier II 3.54 4.44 3.81 4.69Capital Adequacy Ratio (%) (Basel-II) 13.39 14.25 13.49 14.17Tier I 9.45 9.38 9.28 9.03Tier II 3.94 4.87 4.21 5.14Net NPAs to Net Advances (%) 1.72 1.79 1.57 1.49

Assets:

The total assets of the Bank increased by 9.23% from Rs.9,64,432.08 crores at the end of March 2009 to Rs.10,53,413.73 crores as at end March 2010. During the period, the loan portfolio increased by 16.48% from Rs.5,42,503.20 crores to Rs.6,31,914.15 crores. Investments increased by 3.56% from Rs.2,75,953.96 crores to Rs.2,85,790.07 crores as at the end of March 2010. A major portion of the investment was in the domestic market in government and other approved securities. The Bank's market share in domestic advances was 16.28% as of March 2010.

Liabilities:

The Bank's aggregate liabilities (excluding capital and reserves) rose by 8.93% from Rs.9,06,484.38 crores on 31st March 2009 to Rs.9,87,464.53 crores on 31st March 2010. The increase in liabilities was mainly

contributed by increase in deposits and borrowings. The Global deposits stood at Rs.8,04,116.23 crores as on 31st March 2010, representing an increase of 8.36% over the level on 31st March 2009. The Bank's market share in deposits was 16.31% as of March 2010.

Performance Highlights:

- Tore Operations:

A Global Markets DepartmentB Corporate Banking GroupC Mid-Corporate GroupD National Banking GroupE Rural Business GroupF Marketing - Cross Selling DepartmentG Corporate Strategy & New BusinessesH International Banking GroupI Associates & SubsidiariesJ Asset QualityK Information Technology

A. GLOBAL MARKETS DEPARTMENT

Global Markets Department at the Corporate Centre handles the Bank's Domestic Treasury Operations across all time zones and covers activities in various markets i.e. Forex, Interest Rates, Bullion, Equity and Alternative Assets, etc.

RBI continued with its easy monetary stance throughout the year. Yields softened during the initial part of the financial year. However, to support the economic growth, the Government borrowing continued at elevated levels which put upward pressure on the yields. Inflation, which was at subdued levels, started moving up in the second half of the financial year. To contain inflationary expectations, RBI also shifted its stance and hiked CRR by 75 bps in January 2020 and Repo and Reverse Repo rates by 25 bps during March 2010. Yields hardened in the second half of the financial year. The 10 year benchmark yield moved in the range of 6.10% to 8.01% during the financial year. The Bank earned Rs.18,108 crores by way of Interest / Discount on our investments and made Rs.2,695 crores of profit on sale of investments and Forex / Gold trading Income. Average yield on Domestic Treasury Operations for the year was 7.56%.

B. CORPORATE BANKING GROUP

B.1 The Bank's Corporate Banking Group consists of three Strategic Business Units viz., Corporate Accounts Group, Project Finance & Leasing SBU and Stressed Assets Management Group.

B.2 Corporate Accounts Group (CAG)

Corporate Accounts Group has six branches at the following centers; Mumbai, New Delhi, Chennai, Kolkata, Ahmedabad and Hyderabad. Hyderabad Branch was opened during the current year. These six branches cater to 735 corporate clients. During the year, 59 new corporate clients were brought into the CAG fold and 71 clients migrated from MCG.

* CAG's advances portfolio of Rs.88,144 crores is 32% of the C&I (Non-Food) credit of the Bank and constitutes 16% of the total domestic credit portfolio of the Bank.

Table : 2 CAG - Highlights

(Amount in Rs. crores)

Particulars As on As on Growth 31.03.2009 31.03.2010 (%)

Advances 74,377** 88,144 19Fee Income 1,044 1,659 59

Operating Profit 5,636 7,337 30Business Per Employee 115 156 36Avg. Interest Spread 2.73 4.04 48NPA/Total Adv (%) 2.53 0.18 -93

** Base adjusted due to migration of clients between MCG and CAG.

* CAG's forex business constituted 55% of the total domestic forex turnover of the Bank (64% of forex sales and 43% of forex purchases).

* Account Planning initiative launched during FY 2009 to align better, the Group's marketing to the Business Plans of the corporate clients and to provide customized solutions, has resulted in increased focus on fee-based services. The fee income of CAG registered an impressive growth of 59%. Income from LC increased from Rs.209 crores to Rs.271 crores. Income from BG increased from Rs.114 crores to Rs.285 crores.

Transaction Banking Unit:

Under Wholesale Banking Initiatives, Transaction Banking Unit, with special focus on Cash Management Product, Trade and Channel Finance, commenced full-fledged operation during the year.

(1) Cash Management Product:

Cash Management Product (CMP) with its brand name SBIFAST extended its reach for cheque/cash collection to 973 branches at 680 centres across the country, apart from electronic payment/ collection from all branches of the Bank. Besides substantial increase in Dividend Warrant business, cash pick-up facility and host-to-host connectivity to clients to enable them to track collections/ payments and get customized MIS have been initiated.

(2) Trade Finance:

A more customized front-end tool for Corporate and Mid-Corporate clients is underway which will enable them to lodge their Letter of Credit and Bank Guarantee requirements from their office with their own templates.

(3) Supply Chain Finance

e-VFS (Electronic Vendor Financing Scheme)

This scheme, on electronic platform, provides automated payment and settlement of transactions as also real time MIS to both Industry Majors and the vendors, apart from serving also as an accounting software.

e-DFS (Electronic Dealer Financing Scheme)

Approved dealers of Industry Majors are financed for their purchases under the e-DFS scheme, through a web-based electronic platform. Real time MIS is available on the web platform about the status of the dealer's account as also for tracking of each invoice.

B.3. Project Finance & Leasing SBU

The Project finance-SBU focuses on funding projects in infrastructure sectors like power, telecom, roads, ports, airports, logistics and others. It also handles large non-infrastructure projects. During the year ended March 2010, the focus was on syndication and underwriting of project loans.

During this year, Project Finance-SBU participated in funding of projects having a total cost outlay of Rs.3,00,016 crores (Rs.1,93,595 crores in 2008-09) and involving total debt requirement of Rs.1,84,728 crores (Rs.1,33,894 crores in 2008-09). Project Finance-SBU accorded sanctions of Rs.41,048 crores (Rs.25,854 crores in 2008-09), while it took up syndication of debt of Rs.69,901 crores (Rs.64,069 crores in 2008-09), during the period.

B.4. Stressed Assets Management Group (SAMG)

The performance of SAMG during the year 2009-10 is given below:

Table: 3 SAMG - Highlights

(Amount in Rs. crores)

1 Cash Recovery in NPA 4062 Upgradation to Standard Assets 1443 Write Offs 4894 Gross reduction in NPAs (1+2+3) 1,0395 Recovery in written off accounts 388

* Stressed Assets Management Group (SAMG) which was set up to address high value NPAs with outstandings of Rs.5 crores and above has now expanded its role to resolve all NPAs of Rs.1 crore and above across the country with a view to providing specialised and focussed attention in resolution of NPAs.

* 106 Stressed Assets Resolution Centres (SARCs) were established across the country for focussed resolution of NPAs with outstanding upto Rs.1 crore in SME and Personal segments. Out of these, 49 independent SARCs were brought under SAMG in a phased manner to give further fillip to the Bank's recovery efforts. The performance of SARCs is very encouraging and substantial progress in the Management of NPAs has been achieved.

C. MID-CORPORATE GROUP (MCG)

The Bank's Mid Corporate Group is primarily catering to the banking needs of Mid Corporates, with a turnover of Rs.50 crores and above. During the year, 4 Branches were added, namely SCB Guntur, Bullion Branch Mumbai, Siruthozhil Salem and OB Kanpur, taking the total number of MCG Branches to 56, covering all the major business centres in the country. During 2009-10, 915 New Connections with aggregate Credit Limits of Rs.28,418 crores were sanctioned. The Bank's Gold Banking business comes under MCG.

MCG - Highlights

* Advances (Non-Food) level grew by 12.41 (YoY) to reach Rs.1,33,748 crores on adjusted base due to migration of clients between MCG and CAG/NBG.

* Operating Profit grew by 10.41% (YoY) to Rs.11,473 crores.

* Other Income grew by 26.35% (YoY) to Rs.1,750 crores.

* Average Yield on Advances : 9.94%.

* Average Interest Spread : 4.53% (up by 47 bps from March 2009).

* Operating Profit Per Employee : Rs.3.02 crores. Business Per Relationship Manager Rs.880.24 crores.

Initiatives taken:

* Trade specialists have been placed at each MCG Branch for efficient marketing and handling of trade finance related transactions.

* Cash Management Product specialists have been placed at all important MCG Centers to provide efficient Cash Management solutions to the customers.

* New Mid Corporate Regional Office has been opened at Pune for better focus on MCG customers' needs and business growth in Pune, Nagpur and Raipur areas.

New Product:

* Construction Equipment Loan (CEL) has been reviewed and modified to focus on the growing needs of the infrastructure industry.

Gold Banking:

* The Bank has undertaken several measures to become one of the leading banks in Gold Banking business.

* The number of branches authorized for retail sale of Gold Coins has increased from 518 as on 31.03.2009 to 1,121 as on 31.03.2010. The Bank has also bagged a number of orders for bulk sale of Gold Coins.

* The Bank has set up a dedicated Bullion Branch at Mumbai to provide focused thrust to Bullion business.

* The Gold Deposit Scheme, which aims at mobilization of idle Gold from domestic households, temples and trusts, has been made operational at 54 branches and the Bank has mobilized 4.47 MT of Gold under the scheme. The Bank has extended Metal Gold Loan Scheme to new centres like Ernakulam, Trichur, Indore, Surat and Madurai, and the business has grown by 48% during the year.

* Sale of Gold (wholesale) has increased by more than 100% during FY 2009-10.

* Gold Banking software 'Metagrid' has been introduced in all dealing branches for efficient management of Gold Banking business and cover operations.

D. NATIONAL BANKING GROUP (NBG)

National Banking Group of the Bank comprises of Metro and Urban branches of 14 Circles. Three Strategic Business Units, SMEBU, PBBU and GBU are operational for taking care of the requirements of Small & Medium Enterprises, Personal Banking segment and Government Business. NBG is handling 59.25% of total domestic deposits (excluding PF & Inter-Bank) and 33.16% of domestic advances (excluding food) as on March 2010.

Out of 1,049 branches opened during the financial year 2009-10, 354 branches were opened in metro and urban areas with a view to increase the Bank's reach and be more accessible to customers. As at the end of March 2010, the Bank had 12,496 branches and 21,485 Group ATMs.

As part of the Bank's endeavour to provide increased access to banking facilities across the country, the Bank simultaneously opened 154 branches and 1,540 new ATMs on 12th fuly 2009, the largest by any Bank, anywhere in the world.

Table: 4 NBG - Highlights

(Amount in Rs. crores)Particulars As on As on growth

31.03.2009 31.03.2010 %Deposits(excluding inter bank) 4,12,257 4,24,713 3.02Advances(excluding food & inter bank) 1,53,961 1,77,498 15.29

D.1 Personal Banking Business Unit (PBBU)

Table: 5 (Amount in Rs.crores)Particulars As on As on growth

31.03.2009 31.03.2010 %Deposits 3,38,471 4,13,129 22.06Advances 1,06,622 1,34,415 26.07CASA 1,51,512 2,02,458 33.63

PBBU handles 60.85% of the Aggregate Deposits and 24.60% of Aggregate Advances of the Bank as on 31st March 2010 through its network of 12,134 branches. 192 lacs Savings Bank accounts were opened during the year ending 31st March 2010.

Western Union transactions are being offered at 10,438 branches, which has contributed other income of Rs.9.16 crores.

Our Bank has been designated as the Point of Presence for conducting business under the New Pension System (an initiative of the Govt. of India) and 150 branches across all Circles have been registered for conducting business under the New Pension System.

Alternate Channels:

The need to give the Bank a modern look and feel was necessary and hence, special focus was placed on alternate banking channels such as ATMs, Internet Banking and Mobile Banking which offer customers hassle free banking anytime anywhere. Along with the marketing, the task was also to ensure that most of the banking needs of the customers are fulfilled without the customer visiting the branch. The State Bank Group has a total of 21,485 ATMs across India as on 31s' March 2010 of which 16,294 ATMs are of the State Bank of India alone. Along with an increase in number of ATMs, there has also been an increase in the number of debit cards issued by the Bank. As on 31st March 2010, the Bank had issued a total of 55.40 million debit cards compared to 39.15 million as on 31st March 2009, i.e. a growth of more than 40%. With value added services such as fee payments, donations etc. the Bank has witnessed a growth of more than 44% in the number of ATM transactions between March 2009 and March 2010.

The Bank also launched the Loyalty Rewards Program for debit cards in April 2009. This has triggered a huge spurt in the number of transactions as well as amount. Coupled with this, another campaign viz. 'First use' was launched wherein the customer was rewarded 100 bonus loyalty points after 3 transactions during the campaign period. This campaign was also a huge success wherein more than 1 lakh inactive cards were activated. Over the last one year, PoS transaction count has increased by 79% and the amount has increased by more than 96%.

The Bank has also witnessed large volume of transactions shifting to the INB channel. Compared to FY 2008-09, the growth in number of retail internet banking transactions this year is around 130%. This has been due to the addition of many new features on INB services. New facilities have been introduced to benefit customers of all age groups. In the bouquet of services, facilities such as online pension slip, TDS enquiry on term deposits, differential exchange rates on on-line draft requests etc., were

started. To further encourage customers to transact on this channel, the Bank also launched the INB Loyalty Rewards Program where the customer can earn points on transactions done online. This scheme was started to recognise and reward our customers, who have been using our Internet Banking facilities regularly. These customers have appreciated the Bank's offers in the technology space and belief in INB as being the modern platform of Banking. To strengthen our position on the technology front, it is proposed to launch self service kiosks in cities where customers will be able to conduct various banking activities without the presence of a bank employee.

Corporate & Institutional Tie-ups

During FY 2010, the Bank designed a special package, the Defence Salary Package, for personnel of the three Armed Forces i.e. the Army, Navy and Air Force who maintain their Salary accounts with us. The Package offers benefits like concessions in service charges and interest rates. The Army, at the same time, were embarking on an ambitious project, jointly with the Controller General of Defence Accounts, to migrate their 11,50,000 Personnel Below Officer Rank (PBOR) to a Monthly Payment System. The PBOR were, as per an old system called the 'Acquittance Roll', receiving only nominal cash advances against a quarterly payment system and were required to open Bank accounts to enable the migration. The Army needed a bank with the capability of handling large numbers and having a wide reach. SBI was able to undertake this successfully after pilots were run and tested,

including a pilot in a Forward Area. The Bank went on to open 9,90,000 salary accounts in a span of 6 months and could garner CASA of Rs.1,250 crores.

SBI's Corporate Salary Package, a similar package offered to employees of Corporates, has a total customer base of 23,70,000 and registered a growth of 6,40,000 accounts during FY 2010. CASA in these accounts went up from Rs.4,300 crores to Rs.7,400 crores.

Home Loans

SBI Home Loans is India's No.1 Home Loan brand. It has maintained its position as India's 'Most Preferred Home Loan' brand in CNBC-Awaaz Consumer Awards continuously for four years since 2006. SBI Home Loans has been rated as 'The Best Home Loan' in India by the panel of eminent jury in NDTV Outlook Money awards continuously since 2008. Home Loans play a pivotal role in the Bank's retail business strategy. Two innovative products, namely 'SBI Easy Home Loan' and 'SBI Advantage Home Loan' introduced during this year proved to be the Game Changers. SBI Home Loans registered a growth of Rs.17,129 crores (31.68%) during 2009-10, and has become the No.1 Home Loan player - both in terms of the size of the Individual Home Loan booked and fresh Home Loan disbursements amongst All Scheduled Commercial Banks and Housing Finance Companies in India.

Education Loans

With an increase in the number of students opting for higher studies in India and abroad, Education Loans have grown at 34.62% YoY (as on March 2010). SBI has extended 4,33,789 Educational Loans with a total exposure of Rs.8,907 crores (as on March 2010). Currently, SBI is the market leader in Education Loans with a market share close to 25%.

SBI believes in contributing towards the future of India and the youth that will be the face of India in the comings years.

Personal Loans

In July 2009, SBI introduced SBI Loan to Affluent Pensioners' enabling the government pensioners to avail personal loans upto Rs.3 lacs, so that they need not go elsewhere to meet their different requirements viz., health, marriage of relative, maintenance of house/vehicle etc.

Auto Loans

SBI Auto Loans maintain its market leadership by increasing the market share from 15% to 16.75% as on 31st March 2010. The Bank continues to be number one in financing Maruti cars pan India for two consecutive years in a row. SBI has increased its presence in the market with higher penetration in the major brands like Chevrolet, Hyundai, Tata Motors and Honda Siel cars at 25.7%, 20.7%, 17.1% and 13.8% respectively.

The Bank has introduced SBI Advantage Car Loan Scheme which facilitates Businessmen, Proprietary and partnership firms to avail of car loan of Rs.5 lacs and above quickly. Pre-approved car loan, Retail Inventory financing for car dealers area new notable schemes which are on the anvil. Special Execution Desks have been created in all Metros / Urban centers for the convenience of the customers to execute their car loan documents at mutually convenient timings and places. The Bank has MoU with all major car manufacturers to achieve highest penetration in the market. Car Loan Origination Software has been introduced in the Bank to facilitate more customer acquisition.

Initiatives for Soft Recovery of NPA:

Preventive NPA management is the key to maintaining asset quality. The Bank is exploring the possibility of establishing a Call Centre using the expertise of SBI Card for follow up activities of Personal Segment Advances, as a part of Preventive NPA Management Strategy. The concept includes telecalling, sending reminders at pre-delinquent stage and also sending statements and interest certificates to borrowers and building post-acquisition risk scoring models.

Retail Scoring Models:

Development of Retail Scoring Models for PBBU Products has been completed and the scoring models will be launched through the Loan

Origination Software shortly. The implementation of the scoring system will not only facilitate business growth by simplifying appraisal/sanction process, pricing of a borrower, modification of products from time to time etc., but also facilitate Bank's migration to IRB approach under the Basel II Revised framework for determining regulatory capital requirements.

Customer Relation Module

The basic document along with the deliverables, the time frame and the working partner have been finalized anal duly approved. A PERT chart based on responsibilities, sales, delivery schedules has been prepared and exchanged with IBM, service provider. The first Circle chosen for the roll-out is Ahmedabad Circle and a coordinating team has been placed at the PBBU to carry the initiative forward.

D2. SME Business Unit (SMEBU)

The Bank has continued to be the preferred Bank by Small and Medium Entrepreneurs during the FY 2009-10. The SME Business Unit under National Banking Group is driving SME Banking services across the country and implementing multiple strategies to maintain the flagship position in SME finance.

During the FY 2009-10, advances of SME business unit increased to Rs.1,10,812 crores as on 31.03.2010 from Rs.95,893 crores as on 31.03.2009 registering a growth of 15.56%. Due to the Bank's prudent policy to shed high cost bulk deposits in SME, an amount of Rs.51,917 crores has been reduced resulting in reduction of total deposit cost from 6.2% as on 31.03.2009 to 5.4% as on 31.03.2010. Focus remained on high-end CASA deposit accounts through value added current accounts viz. Powerpack, Powergain and Surabhi Deposit (with sweep & reverse sweep option) accounts, resulting in the growth in CASA Deposit by 20% to Rs.1,03,144 crores as on 31.03.2010 from Rs.86,104 crores as on 31.3.2009.

Achievements Initiatives during the year

* The Bank is providing single window approach to SME customers through Relationship Banking. Relationship Managers (ME) and Customer Relationship Executives (ME) have been placed in potential SME pockets to cater to the needs of MSMEs in a personalized and professional manner.

* Supply Chain Finance Unit is equipped with Central Processing Cell (CPC) for centralised sanctions to vendors of Industry Majors. Electronic platform for Dealer Finance Scheme (e-DFS) and Vendor Finance Scheme (e-VFS) have been operationalised to finance vendors/ dealers of various Industry Majors.

* To retain our flagship position in providing financial assistance to Trade & Services (T&S) Sector, a special campaign, Dealers Accounts Drive (DAD) was launched. Under this 3,767 traders were financed a total sum of Rs.1,654 crores. The special scheme for hassle free loans to T&S sector, Traders Easy Loan Scheme (TEL) was revamped. As Construction sector and Transport sector will be important for improving the economy, these sectors are being assisted under specifically formulated schemes, viz. Construction-Equipment Loan Scheme (SCEL) and Transport plus Scheme. For financing small transporters, doctors etc, alliances with various IMs were initiated / modified. To avoid distress sales by traders, finance against warehouse receipts was provided at 10% p.a.

* To provide an access to bank credit at low rate of interest and without collateral, the Bank has launched undernoted two new loan schemes under CGTMSE Guarantee scheme coverage for Micro and Small enterprises to improve the credit flow to MSE sector.

* 'SME MICRO': Loan to Micro Enterprises upto Rs.5 lacs at a concessional interest rate of 8% p.a.

* Collateral free loans to Micro & Small Enterprises (SMECFL): Loan upto Rs.1 crore at concessional rate of interest ranging from 9% p.a. to 10.50% p.a. depending on the tenure and size of the loan.

* To provide hassle free finance to deserving applicants with technical and professional qualifications, the Bank has launched 'SBI Small and Micro Interest-free Loan as Equity' (SBI SMILE), for interest-free loan in the form of Equity assistance up to Rs.10 lacs per enterprise to set up a new unit.

* In addition to providing supplementary financial assistance to Small & Medium Enterprises affected during down turn in economy, loan repayment schedules were also restructured to coincide with cash accruals of the units. Proactive action taken by the Bank saved the number of affected units from closure during economic slow down.

* To give further relief to the borrowers of stressed assets, the Bank launched OTS scheme for SME sector with outstanding up to Rs.25 lacs in Doubtful and Loss categories as on 31.03.2009. Under the scheme, compromises were approved in 22,040 cases to the tune of Rs.237 crores and a sum of Rs 129.07 crores was recovered till 31.03.2010.

* In order to effect recovery from chronic NPA borrowers through compromise, another scheme of OTS for SME sector has been launched in March 2010 for loan outstanding up to Rs.1 crore. Doubtful or loss assets as on 31.03.2009 are eligible for compromise under the scheme.

* The Bank is imparting special training called 'SME-GYANSHALA' to its officials working in the area of SME credit and handling SME advances to sharpen the credit skills. Approximately 8,000 officers are being covered under the programme.

* Online payment promoted for SME customers through payment gateway and site to site integration along with ATM channel for dealer payment through B2B payment solution.

* Power Jyoti, a fee collection module popularized to include other categories like recruitment drive, co-operative banks, corporate collection and other institutional fee collection.

* SME POWER, latest string of current accounts with more features to cater to our SME segment.

Our first Internet platform product i-Collect would facilitate remittance and collection with extensive MIS for Firm/Companies/Institution through internet banking platform.

Project Uptech : An innovative extension of the Bank's Consultancy Support to SMEs for catalyzing Technology Up-gradation in SME clusters with the objective of making the clusters more competitive through:

Productivity increase

Quality improvements and

Cost reduction measures

The methodology involves both detailed unit level studies as well as Industry level interventions through training programmes/ seminars /workshops, to disseminate information on better processes, appropriate technology, need for common facility centre (design, testing, etc.). 27 clusters covering a variety of activities like agro pumps, engine & components, foundry, rice mills, glass industry, auto components, sago (sabudana), hosiery, textiles, garment, refractories etc., have so far been taken up under Project Uptech. More than 1,550 units have benefited under this programme. Cumulative financial support of about Rs.545 crores was

also provided to these units to implement technology up-gradation initiatives. During the year two such projects were initiated for the refractory cluster in Jharkhand, and fabrication and boiler component cluster in Tiruchirapalli.

* During the downturn in economy, a slew of reliefs and concessions were offered to MSMEs through special schemes 'SME CARE' and 'SME HELP'. The financial support made available upto 31.03.2010 through these schemes facilitated large number of MSMEs to tide over the slowdown.

* The Bank attained the First Rank based on its outstanding performance in lending to Micro and Small Enterprises for the year 2008-09. Govt. of India, Ministry of Micro Small and Medium Enterprises conferred the undernoted National Awards to State Bank of India for FY 2008-09:

i. 'First National Awards for excellence in lending to Micro Enterprises'.

ii. 'First National Awards for excellence in MSE Lending'.

D.3 Government Business Unit (GBU)

* The Bank's endeavour to provide timely and accurate credit of Pension as well as arrears, consequent upon revision as per the 611' Central Pay Commission recommendations have been completed through our 14 Centralised Pension Processing Centres (CPPCs) to 29,82,917 Pensioners through our 10,213 Branches upto 31.03.2010.

* The facility for e-payment of Railway Freight has been provided to 310 Corporates by the Bank, and more and more Corporates are keen to adopt this new convenient system. At present, 44% of the Railway Freight is being collected through this e-route.

* SBI is the sole Refund Banker for Income Tax Refunds, which was initially operational at 6 centers viz. Delhi, Mumbai, Kolkata, Chennai, Bangalore and Patna. W.e.f. 01.10.2009, it has been extended to all non-corporate assessees at CPC Bangalore, Mumbai, Chennai, Kanpur, Allahabad, Ahmedabad, Hyderabad, Bhubaneswar, Tiruvananthapuram, Pune, Kochi and Chandigarh.

* Cyber Treasury for collection of State Government Taxes has been in MI operation in 19 States viz. MP, Rajasthan, UP, Chhattisgarh, Haryana, Gujarat, Bihar, Goa, Assam, Punjab, Andhra Pradesh, Maharashtra, Tamil Nadu, Karnataka, Kerala, West Bengal, Uttrakhand, Delhi and Orissa. In other States, implementation of Cyber Treasury for collection of State Govt. Taxes through e-route is at various stages of implementation.

* Fund-cum-Authorization Model for Social Sector Flagship Schemes like National Literacy Mission (NLM) of the Ministry of HRD is at the implementation stage. MoU has been signed between Ministry of HRD and the Bank for the

NLM Project. Out of the 26 States identified for implementation of the NLM Scheme, SBI will be the partner in 20 States.

* Collection of UPSC examination fees through Cash Deposit at all SBI branches, Internet Banking and VISA/Master Card co-branded cards of all banks started w.e.f. 06.02.2010 and would continue for other examinations conducted by UPSC. Collection of SSC examination fees started through Cash Deposit and Internet Banking w.e.f. 04.02.2010 and would continue for other examinations conducted by SSC.,The Bank is also targeting other State Public Service Commissions and Railway Recruitment Boards for collection of examination fees.

* The initiative taken by Ministry of External Affairs (MEA) to operationalise 77 Passport Sewa Kendras (PSKs) is at the implementation stage. MEA has outsourced the operational work to M/s TCS, which has entered into an agreement with SBI to act as the Banking Partner. The Pilot Project at 7 PSKs at Bangalore and Chandigarh is ready for rollout,

E. RURAL BUSINESS GROUP

Rural Business Group, which deals with the business of the Bank at all rural and semi urban centres, now handles a deposit portfolio of Rs.2,54,210 crores and credit portfolio of Rs.1,43,380 crores, which is 35% and 26% of the Bank's total domestic deposit and credit portfolio respectively as on 31.03.2010.

(Amount in Rs. crores)Particulars As on As on Growth

31.03.2009 31.03.2010 %

Deposits 2,15,729 2,54,210 17.84Advances 1,20,496 1,43,380 18.99

Highlights/Initiatives during the year

* The rate of growth, both in deposits and advances, has been better than the growth rate of ASCB rural and semi urban branches. As a result, the Bank's market share in rural and semi urban areas improved by 96 bps in deposits and 64 bps in advances between March 2009 and December 2009.

* High proportion (57.71% of total deposits) of CASA deposits in the group contributed to its lower cost of deposits at 5.250/0.

* The business strategy envisaged setting up of multi-pronged sourcing agents coupled with improved back-end processing capacity.

* Front-end sourcing force comprises, besides branches, alternate channels like Officers Marketing and Recovery (OMR), Business Facilitators (BF) and Business Correspondents (BC).

* OMRs numbering around 3,900 now source not only high value Agriculture segment loans but also all types of deposits, loans and crossselling products across all the segments.

* The Bank has appointed about 26,800 Customer Service Point (CSP)/outlets of Business Correspondents / Business Facilitators (BC/BFs). Some of the national level BC/BFs are India Post, ITC, National Bulk Handling Corporation and Reliance Dairy. The alliance with India Post has been scaled up nationwide and now covers more than 5,200 Post Offices across all States.

* To increase its outreach, the Bank has opened about 374 rural and 321 semi-urban (total 695) branches during the FY 2009-10 taking the total number of branches to 4,745 in rural and 3,648 in semi-urban geography.

* To improve the processing capacity, 314 Rural Central Processing Centres (RCPCs) have been set up (156 RCPCs set up during the year 2009-10).

Micro Finance and Financial Inclusion:

* The Bank is the market leader (market share around 31%) in SHG-Bank Credit Linkage programme having credit linked so far 17.13 lacs SHGs (3.40 lacs SHGs credit linked during FY 2009-10) and disbursed loans to the extent of Rs.11,562 crores (cumulative). The Bank has rolled out several unique products like SHG Credit Card, SHG Sahayog Niwas and SHG Gold Card.

* A new scheme for financing NGOs / MFIs for on-lending to SHGs introduced.

* Coverage of Micro Insurance product - Grameen Shakti has been extended. One million lives have been covered so far.

* SBI has been rated as the Best Public Sector Bank for Rural Reach by Dun and Bradstreet Banking Award 2009.

* SBI has been awarded with Best Microfinance Award for the year 2009 by the Asian Banker from the financial institutions across the Asia Pacific, Gulf and Central Asia regions.

* Coverage of unbanked village increased from 53,000 in March 2009 to 1,03,938 in March 2010.

* The Bank is the major player in Electronic Benefit Transfer (EBT) project of Government benefit payments, with participation in five States.

Multiple IT enabled channels for Financial Inclusion:

The Bank has gone beyond the usual domains of technology in terms of platform, solution, operational details and service contents in a very aggressive manner to serve the excluded common citizen with minimal costs. Some of these channels are

SBI Tiny Card - Tiny Smart Card is biometrically enabled Contact-less / Contact cards operable at dedicated PoT/ PoS device machine. The Chipless Cards have also been launched to cut down the cost of operations. The operations through the PoS / PoT device support both offline & online / real time transactions in customers' account. Above 16 lacs customers enrolled during the financial year (cumulative more than 39 lacs customers). Tiny card now support Savings Bank, Recurring Deposit, SB - Cum - Overdraft and Remittance products. Tiny Card for SHG customers with authorized signatories and finger print validation operable at BC / CSP / PoS near to their place of residence has been introduced. Approximately 24,000 SHG groups and 1,55,000 SHG members with tiny cards for individuals have been covered during FY 2009-10.

Kiosk Banking - It is operated at internet enabled PC (Kiosk) with bio-metric validation. Support is available for online/real-time transactions. The Bank has rolled out a Common Service Centers set-up under e-governance project. Major Service Centre Agencies (SCAs) like SREI Sahaj and 3-i Infotech are engaged as Business Correspondent.

* Rolled out in 7 Circles across 7 States and 49 districts.

* Total of 240 Customer Service Points (CSPs).

* Over 6,000 customer enrollments.

* Coordinating with DoIT for launching of Kiosk Banking through designated SCAB.

* Other SCAs like AP Online, CMS Computer System and Zoom Developers are under the process of engagement.

* Moving to engage SIFY to use their franchisees for roll out of Kiosk Banking to provide Banking services.

Cell Phone Messaging Channel - It is a cost effective model, works on low-cost simple mobile phones. Transactions are well secured through PIN based security.

* Rolled out in 3 States across 13 districts.

* 682 CSPs added upto now.

* Approximately 48,000 customers enrolled.

E.1 Agri Business:

Table : 6 Agriculture - Highlights

(Amount in Rs. crores)Particulars As on As on Growth

31.03.2009 31.03.2010 %

Deposits 12,407 14,981 20.75Advances 54,678 63,723 16.54

Achievements /initiatives during the year:

The growth, as above, could be achieved despite the following:

i. Delayed monsoons leading to a drought like situation and floods had hit the credit demand in the first half of the year.

ii. Adjustment of Rs.1,256 crores of Debt Waiver claim received from GoI (reimbursement).

iii. Around Rs.1,600 crores received from Other Farmers' eligible under Debt Relief Scheme being their 75% share.

* The Bank has crossed the 18% Benchmark for agri priority sector advances in the FY 2010 by achieving 18.08% of ANBC (18.46% as at March 2009 & 18.37% as at March 2008).

* The Bank has recorded Rs.34,179 crores disbursement (102% of annual target of Rs.33,500 crores of Agri disbursements) under Flow of Credit to Agriculture' as against Rs.28,442 crores (against annual target of Rs.28,000 crores in FY 2009) and financed 12.32 lacs new farmers against the target of 7.70 lacs during the year.

* Special drought relief schemes to support farmers

The Scheme was launched in September 2009, whereby concessions in interest rates, loan processing charges, margin money, moratorium period etc., have been offered for minor irrigation loans upto Rs.25 lacs and crop loans above Rs.3 lacs and upto Rs.25 lacs (crop loans upto Rs.3 lacs are covered under Interest subvention scheme of GoI). Rs.600 crores was disbursed under Crop Loans and Rs.150 crores under Minor Irrigation during FY 2010.

* Produce Marketing loans (PML)

PML was launched exclusively for farmers at concessionary interest rate of 8% (Rs.1,269 crores disbursed during the FY 2010).

Special focus was given to cover beneficiaries of Agricultural Debt Waiver & Debt Relief Scheme who became eligible for new loans (24 lacs farmers covered so far out of 41 lacs beneficiaries under the Scheme).

New Product

* Organic Farming (OF)

Financing of farmers, who want to switch over from traditional method to organic farming for improving returns, has since been launched by the Bank in September 2009 in five Circles i.e. New Delhi, Bangalore, Mumbai, Hyderabad, and Chennai.

* Tractor Sanjeevani

The scheme allows additional loan for Tractor repairs, maintenance, upgradation and addition of new implements.

* Krishi Kalyan

It is a Gombo product of KGG and PML.

* Thrust continues to be laid on Contract Farming and Value Chain Financing

Corporate tie-ups were entered into for capacity building in horticulture activities, seed-production, cultivation of medicinal plants and quality input supply to farmers. MoU signed with National Horticultural Board (NHB) as a preferred Banker.

* Stimulus was given by way of sub-PLR loans for setting up high tech clean-milk' dairy units in Punjab and high-value integrated Poultry units in Tamil Nadu / Union Territory of Pudducherry.

Collateral Management Services were expanded through further accreditations, to ensure minimum loss to commodities lending under Produce Marketing Loan (PML).

* Bonding with Farmers:

To enhance customer awareness and ensure continued relationship with the farming community, various initiatives have been continued under Bonding with Farmers'.

Achievements during FY 2010 are given in the table:

Initiative Achievement

Villages adopted (SBI ka Apna Gaon) 210Farmers' Clubs formed 5,290Farmers' Meets conducted 52,251

* SBI Hariyali Ganga : Circles are conducting some of the Farmers Meet' as Farmers Training Programmes' by scaling it up with the active participation of the Circle authorities and Agri Technical persons from the Agricultural Universities / KVK / NABARD / ICAR / APEDA etc. These Farmers Training Programmes have been renamed as SBI Hariyali Ganga' to command more reach and involvement of farmers. Apart from the regular farmers meet, one such Hariyali Ganga programme is being conducted per quarter per region beginning from January 2010 (28 programmes have, so far, been conducted).

E.2. Regional Rural Banks (RRBs)

Migration to Core Banking Solutions (CBS) Platform:

As per Government of India guidelines, all RRBs have to be migrated to CBS by September 2011. The Bank has sponsored 17 RRBs. Out of 17 RRBs, 5 RRBs, with 1,365 branches, have already been migrated to CBS. The Bank has a plan of migrating the remaining RRBs to CBS platform before 301' September 2010.

Capital to Risk Weighted Assets Ratio (CRAB)

The Government has constituted a committee (Chairman: Dr K. C. Chakrabarty) with representatives from the Government, Public Sector Banks, RRBs and the NABARD to examine the financials of the RRBs and suggest a roadmap to raise the CRAB of RRBs to nine percent by March 2012. The Committee is in the process of finalization of its report. The Bank will accordingly induct its share (35%) of Capital.

Credit Deposit (CD) Ratio

We have ensured continuous growth in the CD ratio of RRBs from 59.29% in March 2009 to 61.08% in March 2010 for the development of rural economy.

Profitability:

Profit of all RRBs, sponsored by the Bank, has increased to Rs.331.08 crores as on 31.03.2010 from Rs.203.31 crores as on 31.03.2009, registering a growth of 62.84%.

E.3.1 Credit Assistance provided to Scheduled Castes and Scheduled Tribes

The credit assistance provided by the Bank to Scheduled Castes and Scheduled Tribes stands at Rs.11,872.80 crores and forms 6.31% of total Priority Sector advances of the Bank as on 31.03.2010.

E.3.II Coverage of Unbanked Blocks

Under the directions of Government of India, the Bank took active initiative and has drawn up a plan of action to extend banking services in unbanked blocks, allotted to it by the respective SLBCs.

E.3. III Strategies to improve - Credit Deposit (CD) Ratio

To improve the CD ratio of the Bank, wherever it is less than 60%, the following measures have been initiated:

i) Monitoring the performance under the existing system of District Level Consultative Committee (DLCC) in districts having CD ratio between 40% and 60%.

ii) Special Sub-Committees of DLCC are set up to monitor the performance of districts where CD ratio is between 20% and 40%.

iii) Districts with CD ratio of less than 20% are treated on a special footing.

E.3.IV Rural Self Employment Training Institutes (RSETIs)

RSETIs offer free, unique and intensive short-term residential self-employment training programmes with free food and accommodation, designed specifically for rural: youth. Under the guidance of Ministry of Rural Development (MoRD), GoI, the Bank has established 67 RSETIs as on 32.03.2010 in the lead districts across the country; conducted 1,748 training programmes; trained 46,626 candidates and arranged credit linkage to 18,019 beneficiaries.

E.3. V Advances to Weaker Section

The Bank has extended advances to the tune of Rs.56,085 crores as on 31.03.2010 to the weaker sections, which is 12.14% of Adjusted Net Bank Credit (ANBC) against the benchmark of 10% of the ANBC set by the Reserve Bank of India.

E.4. Prime Minister's New 25 Point Programme for the Welfare of Minorities and Implementation of Sachar Committee recommendations:

The Bank has implemented Prime Minister's New 15 Point Programme far the Welfare of Minorities, whose important objective is to ensure that an appropriate percentage of the Priority Sector Lending is targeted for the minority communities and that the benefits of various Government sponsored schemes reach the underprivileged, particularly the disadvantaged section of Minority Communities (Christians, Muslims, Buddhists, Sikhs and Zoroastrians).

The year-wise position in respect of our financial assistance to Minority Communities in the identified Minority Concentration Districts (MCDs) is given below:

Table: 7 Credit Assistance to Minorities

Period No. of districts No. of Amountas on identified by A/cs (Rs. in

GoI (MCDs) crores)

March 2007 44 7.94 lacs 2106March 2008 121 9.88 lacs 3516March 2009 121 9.91 lacs 5091March 2010 121 8.29 lacs 9434

* Minority cells for co-ordination have already been created at Local Head Office level and Nodal Officers have been designated to monitor the progress in lending to minority communities as well as to redress the grievances of minority communities.

* As per Sachar Committee recommendations, our Bank has opened 240 new branches in under-banked / unbanked areas in MCDs during the financial year 2009-10.

* All the lead district managers have been advised to monitor applications received from minority communities and their disposal. Also, quarterly

information regarding Minority Lending is updated on the Bank's Website.

F. MARKETING-CROSS SELLING DEPARTMENT

The large network of branches of the State Bank Group is being leveraged to deliver Para banking products of SBI Life Insurance Co., SBI Mutual Fund, SBI Card and other third party companies having tie-up arrangement with SBI, thereby offering wider range of financial products to our customers.

During the year, the Bank covered 17.73 lacs lives under various schemes of SBI Life Insurance. 'Grameen Shakti', a micro-insurance product was launched in 8 states covering 2,92,150 lacs lives. Also, for encouraging investment among small investors, the Bank distributed Chhota SIP (Systematic Investment Plan)' product by which middle income group customers can invest regularly in the Mutual Fund. A total of 34,563 customers were covered in the year under the scheme. Looking at the popularity, the Health Insurance product covering nine critical illness named Criti 9' introduced in Bangalore on pilot basis was extended across the country. Over the counter payment option was extended to SBI Card customers thus transforming the company into the industry leader in payment options.

G. CORPORATE STRATEGY & NEW BUSINESSES

The New Businesses Department has been successful in achieving the objectives with which it was set up. Two new lines of business viz. Custodial Services and General Insurance have been successfully set up and are in the process of stabilization. Other initiatives being pursued are Private Equity, Financial Planning & Advisory Services (FP&AS) and Mobile Banking. During the year, the consultants, appointed for assisting the Bank to consolidate the Payment Solution Business, have since submitted their recommendations. Seven niche areas viz. Mobile Banking, Merchant Acquisition Business, SME Current account and Supply Chain Finance, Savings Bank, Cash Management Product, NRI remittances and Govt. Business have been identified for implementing a comprehensive strategy, an aggressive business plan, improved processes and matching organizational structure. New initiatives taken up during the year are Merchant Acquisition and Payment Solutions.

Financial Planning and Advisory Services (FP & AS)

In the wake of recent development in regulatory position regarding distribution of financial products through advisory mode rather than the distribution mode and also considering the Swarup Committee recommendations on 'Consumer awareness and Investor protection', our Financial Planning and Advisory Services, launched in March 2009, addresses the needs of the modern day customers as also the regulatory concerns.

Under this service, customers are guided to finalise their financial goals viz. child's education/marriage, buying a house, building a retirement corpus etc., and are advised a suite of products comprising mutual funds, fixed deposits and insurance products. The Service was initially launched in 502 branches which has been extended to 924 branches by March 2010 (including 500 branches in Super Circle of Excellence subset).

Further, the Bank plans to introduce Wealth Management services in a phased manner in 2010-11 to help HNI (High Net-worth Individual) clients to preserve and grow their wealth.

Demat & Online Trading:

Demat services and eZ-trade@sbi (Online Trading) Services are now available at more than 2,800 branches across India making our Bank one of the largest players in the industry in terms of the reach / distribution. In FY 2009-10, the Bank has crossed the milestone of having more than 2 lacs Demat account holders in its fold.

The 3-in-1 account i.e. eZ-trade@sbi is offered in alliance with SBICAP Securities Ltd. (SSL) and Motilal Oswal Securities Ltd. (MOSL). The product

offers convenient online trading facility in Equities and Derivatives. The customers can access our Demat Services either from the comfort of home or office through our Internet Banking facility (OnlineSBI.com) or through our Mobile Banking platform (SB Freedom).

Our objective for the next financial year is to further broad base our reach, while continuously honing our products by adding more value added services and conveniences for the customers.

Payment Solutions

The Bank is in the process of implementing 'Integrated Payment Hub' as the primary processor of all payment activities. This will facilitate substantial revenue generation for this business segment. With a view to providing more focus on payment, Organisational restructuring is also under way.

Mobile Banking Service (MBS)

Mobile Banking Service is convenient, user friendly, secure and offers 24X7 inexpensive banking services to customers. This is expected to increase customer satisfaction and thus, will be a customer retention tool, in addition to reinforcing brand recognition. State Bank Freedom has been launched in all our branches and is available over application (on SMS/ GPRS), Wireless Application Protocol and USSD (Unstructured Supplementary Service Data).

For application / WAP based MBS, the facilities available include Account enquiry (balance enquiry and mini statement), Cheque Book request, Demat Account enquiries, Fund Transfer within the Bank and to other Banks in India, Mobile Top ups, recharge of Tata Sky, obtaining PINs of other DTHs, Bill Payment, Payment of premium of SBI Life. Facilities in the pipeline include Railway / Airline ticket booking through MBS, State Bank Mobile Banking as payment option in the Shopping application of leading aggregators and Recharge of e-Tag of Gurgaon-Delhi Highway. For MBS over USSD, fund transfer, account enquiry and mobile top up are offered. The Bank is also considering integration with IVR platform for merchant payments and introduction of Mobile Wallets. As on 31-03-2010, a total number of 2,18,434 customers had registered for full fledged MB services.

NEFT/RTGS

Substantial growth in both inward and outward RTGS/NEFT remittances has been achieved due to sustained efforts for migrating more Corporates and individuals to RTGS/NEFT. The Bank has maintained its leadership position in RTGS (with a market share of 14.15% as on 31.03.2010) and also has a significant position in NEFT registering a growth of 135.71% over the last year. Both remittance facilities are available through internet banking and across the counter, while NEFT has also been enabled over Mobile Banking.

Debit Cards

Promotion Campaigns & Loyalty Rewards Programs have significantly helped in increasing the Debit Card usage at the Point-of-Sale terminal. In addition to our existing SBI Shopping & ATM Debit Card, SBI Gold International Debit Card and SBI Yuva Card, the Bank has recently launched Platinum International Debit Card to cater to the needs of HNI & Affluent customers. As on 31.03.2010, the Bank has a total of 70.96 million Debit Cards.

Prepaid Cards

The Bank offers comprehensive range of Prepaid Cards viz. SBI Vishwa Yatra Card, eZ-Pay Card and Gift Card to cater to the various payment needs of its customers. Apart from promoting financial inclusion, other benefits to Bank include availability of float, interchange and fee income. In our effort to maintain competitive edge, product features of SBI Vishwa Yatra Card have been refined.

General Insurance

As part of its strategy to enhance its value proposition to its customers, the Bank has since set up SBI General Insurance Company Ltd. (SBI General) as a Subsidiary with an authorized and paid-up capital of Rs.150 crores. While the Bank has invested in 74% share in the equity capital, IAG International Pty. Ltd, has invested in the remaining 26% share.

Insurance Regulatory and Development Authority (IRDA) issued the Certificate of Registration (IRDA-R3) to SBI General on December 15, 2009. Bancassurance will be one of the major channels of distribution and the Subsidiary would leverage the vast network of the Bank for distribution of its products through a Corporate Agency Agreement with the Bank. The Company has commenced limited business operations in March 2010. IT backed full launch of business operations is expected later this year.

Custodial Services

The Indian financial market today is greatly influenced by the trading activity of the FIIs as they bring in very huge volumes and volatility into the market. The FIIs are regulated by SEBI, which makes it mandatory for them to have a Custodian for their market operations.

The JV Company formed by the Bank with Societe Generale Securities Services (SGSS) will offer a single point delivery of all Custodial Services like Settlement, Safekeeping & Corporate Action. In addition, the JV would provide other value added services like Fund administration, proxy voting etc. at competitive rates. Apart from FIIs, it will target Mutual Funds, Pension Funds and Trusts, Foreign and Domestic Venture Capital Funds, Insurance companies, Portfolio Management companies, Corporates, Trading members on Stock Exchanges, HNIs, Banks and others.

The vision of the Company is to garner a substantial market share in 3 years time by focusing on world Class services at competitive pricing.

The Company has since commenced business during March 2010.

Private Equity

As part of the Bank's overall corporate strategy to enter into new businesses, the Bank has identified the establishment and management of Private Equity funds as one of the important new initiatives. The Bank has made significant progress in this area.

The Bank has already set up an Infrastructure Fund in collaboration with Macquarie Group, Australia and IFC, Washington to invest into Indian Infrastructure sector. All necessary regulatory approvals have been obtained. The first closing of the international leg of the fund was done with commitments of USD 1.037 billion (including SBI's commitment of Rupee equivalent of USD 150 million). The fund raising of the Domestic Leg of the Fund is in progress.

The Bank is in the process of signing a joint Venture agreement for setting up a General Purpose Private Equity Fund with Sovereign entities of Oman.

Merchant Acquiring Business

During the year, the Bank decided to foray into Merchant Acquiring Business (MAB). There are only 5 -lacs Point of Sales (PoS) terminals in India as against a merchant base of 15 million. The Bank plans to deploy 6 lacs Point of Sales terminals during first five years of its operations. The deployment will be across' all geogtaphies viz., Metro, Urban, Semi-urban and rural. The initiative would facilitate Bank's debit card acceptance across the country as the facility is presently available at Metro, Urban and tourist centres only. It is -proposed to conduct the Merchant Acquiring Business under a separate company with an experienced and reputed global partner. The Bank has since finalised VISA INC. and ELAVON as JV Partner.

H. INTERNATIONAL BANKING GROUP

H.1 OPERATION OF FOREIGN OFFICES

The asset level of foreign branches (excluding subsidiaries) rose by 29%, from USD 21.52 billion in March 2009 to USD 27.78 billion in March 2010. During FY 2010, net customer credit grew by 27% from USD 17,015 million to USD 21,561 million, customer deposits grew by 42%, from USD 6,718 million to USD 9,568 million and net profit rose by 55%, from USD 144 million to USD 225 million.

Overseas Expansion:

The number of foreign offices increased from 92 as on 31st March 2009 to 142 as on 3111 March 2010 spread across 32 countries. The offices comprised 42 branches, 8 Representative Offices, 2 marketing offices, 2 sub offices, 2 extension counters, 82 offices of the six foreign banking subsidiaries, an associate (Bank of Bhutan), equity investments in a foreign bank (Sterling Bank, Nigeria) and 2 managed exchange companies.

New Offices opened during the year are as under:

six new overseas offices at Clementi, Marine Parade and Toa Payoh in Singapore, Kowloon in Hong Kong, Harrow in UK and Lenasia in South Africa,

one branch by the Bank's wholly owned USA subsidiary, SBI (California) Ltd., at Washington DC and

5, 3 and 1 offices respectively by the Bank's other overseas subsidiaries namely Bank SBI Indonesia, Nepal SBI Bank Ltd. and SBI Mauritius Ltd.

The Bank increased its stake from 50% to 55% in Nepal SBI Bank Ltd during the FY 2010, making it the Bank's sixth foreign banking subsidiary.

Resource Management

Despite volatile global market conditions, the Bank's foreign offices maintained comfortable liquidity position. During the year, the Bank raised, through its foreign offices, USD 750 million for 5 years, under the Bank's MTN programme. This issue in October 2009 was concluded at the tightest Asian senior debt pricing (mid swap plus 190 bps) in the USD bond market.

NRI Business

NRI Deposits grew by Rs.1,067 crores during the year and reached a level of Rs.50,017 crores in March 2010. Advances to NRIs recorded a growth of Rs.162 crores with outstandings of Rs.1,380 crores as on 31st March 2010.

Remittances grew from Rs.27,632 crores in FY 2009 to Rs.37,319 crores in FY 2010, clocking a growth of 35%. The Bank had a tie-up with 22 exchange companies for routing remittances through SBI.

During the year, seven new NRI branches were opened at Baroda, Ludhiana, Mangalore, Nawashahar, New Delhi, Pune and Salt Lake (Kolkata), taking the number of NRI branches from 13 to 20.

International toll free numbers were operationalised in 17 countries for improved customer care.

H.2 DOMESTIC OPERATIONS

Merchant Banking

The Bank retained the leadership as Mandated Lead Arranger and Book Runner for syndicated loans in Asia Pacific (excluding Japan but including Australia) in 2009. Twelve syndication deals aggregating USD 10,845 million and 16 bilateral deals aggregating USD 736 million were concluded in 2009-10. Seven merger and acquisition deals aggregating USD 7,430 million with Bank's participation level of USD 745 million fructified during the year.

Global Link Services (GLS)

GLS, a specialized outfit, caters to speedier processing of transactions. In the year 2009-10, GLS on behalf of domestic branches, handled 1,30,059 export bills and 1,52;951 foreign currency cheque collections aggregating USD 14.09 billion. In addition, it handled 29,24,468 inward remittance transactions amounting to USD 2.94 billion from various centres in the Middle East, UK and USA.

Correspondent Relations

The Bank has entered into correspondent banking arrangement with 502 reputed international banks to extend seamless services to varied clients. These correspondent Banks are located in 124 countries. The Bank also has 2,051 Relationship Management Application (RMA) arrangements for SWIFT, facilitating speedier flow of financial messages.

Country Risk and Bank Exposures

The Bank has in place Country Risk Management Policies in tune with RBI guidelines. These policies outline a robust risk management model with prescriptions for Country, Bank, Product and Counterparty exposure limits. Both Countrywise and Bank-wise exposure limits are monitored and reviewed on a regular basis. The exposure ceilings and classifications are moderated in line with the dynamics of their risk profiles. Periodical corrective steps are initiated to safeguard the Bank's interests.

I. ASSOCIATES AND SUBSIDIARIES

1.1 The State Bank Group with a network of 17,337 branches including 4,841 branches of its six Associate Banks dominates the banking industry in India. In addition to banking, the Group, through its various subsidiaries, provides a whole range of financial services, which include Life Insurance, Merchant Banking, Mutual Funds, Credit Card, Factoring, Security trading, Pension Fund Management and Primary Dealership in the Money Market.

1.2 Associate Banks

SBI's six Associate Banks had a market share of 6.63% in deposits and 6.88% in advances as on last Friday of March 2010.

Table: 8 Performance Highlights of Associate Banks (ABs)

(Amounts in Rs. crores)

As on As on Change 31.03.2009 31.03.2010 (%)

Total Assets 3,12,943 3,59,010 14.72Agg. Deposits 2,64,779 3,02,835 14.37Total Advances 1,98,583 2,28,605 15.12Operating Profit 5,495.05 6,598.72 20.08Net Profit 2,774.47 3,266.57 17.74Credit Deposit 75.00% 75.49% 0.49RatioCapital Adequacy 12.96% 13.66% 0.70RatioGross NPA 2,699.91 3,997.57 48.06Net NPA 1,191.26 1,961.09 64.62Return on Equity 19.83% 18.73% -1.10

1.3 SBI Commercial & International Bank Ltd. (SBICI)

As at the end of March 2010, the aggregate deposits and total advances of SBICI stood at Rs.491.52 crores and Rs.207.98 crores respectively. The Bank recorded an operating and net profit of Rs.3.34 crores and Rs.3.14 crores respectively. The net NPAs as at the end of March 2010 was NIL.

1.4 SBI Capital Markets Limited (SBICAP)

On 29.03.2010, SBICAP has become a wholly owned subsidiary of SBI by buying out the entire shareholding (13.84%) of Asian Development Bank in SBICAPS.

SBICAP is a full service investment banking outfit offering Project Advisory Services, arrangement of Structured Finance, Capital Market Services like Equity Issuances, Mergers & Acquisitions and arrangement of Private Equity etc. The Company, during the year, has further consolidated its dominant position as arrangers of debt for the corporate sector both in the infrastructure as well as non-infrastructure sectors.

The following achievements are some of the recognitions won by the Company during the year:

* IFR Asia has awarded the company as India Loan house of the year.

* The Company has been conferred with 'Bank of the year' in Asia Pacific by Thompson Reuters (PFl) for Leadership in Project Finance.

* Power Deal of the Year (Sawn), Road Deal of the Year (Yamuna Expressway) and Telecom Deal of the Year (Aircel) by Euromoney.

* Oil & Gas Deal of the Year (Cairn India) by Thomson Reuters (PFI).

Ranked No. 1 in:

i. Mandated Lead Arranger - Global PF Loans with 14.3 % Market Share,

ii. Financial Advisor- Global PF Loans with 17.3% Market Share.

iii. Loans Mandated Arranger Asia ex-Japan with 17.5% Market Share.

iv. Loans Book Runner - Asia ex-Japan with 16.8% Market Share.

* The company has posted a PAT of Rs.150.10 crores as on 31st March 2010 as against Rs.92.08 crores (excluding extraordinary income of Rs.74.98 crores) as on 31.03.2009, registering YoY growth of 63.01%. Declared an interim dividend of 140%.

1.5 SBICAP Securities Limited (SSL)

* SSL, which commenced its operations in June 2006, is a broking company offering equity broking services to retail and institutional clients both in cash as well as in Futures and Options segments. It is also engaged in Sales & Distribution of other financial products like Mutual Funds etc. The Company has launched e-broking services to the clients of SBI and Associate Banks. SSL has 70 branches and 17 franchisees and offers Demat, e-broking, e-IPO and e-MF

Table : 9 Performance Highlights of the Associate Banks as at March 2020:

(Rs. in crores)

Name of the Bank SBI's share Deposits Advances Operating Net in the Profit Profit

capital (%)State Bank ofBikaner & Jaipur 75 45,509 35,563 903.73 455.26Hyderabad 100 75,260 53,344 1,720.79 822.71Indore 98.05 30,045 23,943 673.23 307.77Mysore 92.33 38,437 29,874 937.40 445.77Patiala 100 64,093 46,990 1,307.71 550.89Travancore 75 49,491 38,891 2,055.86 684.27All 6 Banks 3,02,835 2,28,605 6,598.72 3,266.57

services to both retail and institutional clients. SSL currently has more than 1,10,000 customers in their books, which include more than 86,000 e-

broking clients. The Company has posted a profit of Rs.8.11 crores as on 31.03.2010 as against a loss of Rs.1.32 crores as on 31.03.2009.

1.6 SBICAPS Ventures Limited (SVL)

SBICAPS Ventures Limited (SVL), a USD 100 million Venture Capital Fund, jointly held with SBI Holdings Inc. (Softbank), Japan. The Fund has invested USD 8 million in two companies and a number of investment proposals are being examined. The scope of the fund covers all sectors except real estate and financial services. The Company has posted a profit of Rs.1.00 crore as against a loss of Rs.0.07 crore as on 31.03.2009.

1.7 SBICAP (UK) Ltd.

SBICAP (UK) Ltd., a three year old Company, has booked revenue of Rs.4.40 crores up to March 2010 as against Rs.2.14 crores as on March 2009. The company has posted a net profit of Rs.1.92 crores as on March 2010, as against Rs.0.44 crore in the corresponding period last year due to diversification of income streams.

1.8 SBICAP TRUSTEE Co Ltd (STCL)

SBICAP TRUSTEE Co Ltd (STCL) has commenced security trustee business with effect from 1st August 2008. The Company's gross income for the year ended 31.03.2010 is Rs.3.78 crores and net profit is Rs.1.94 crores.

1.9 SBI DFHI LTD.

* SBI group holds 67.01% share in the Company, which is a primary dealer.

* For the period ended 31st March 2010, the Company's PAT was Rs.89.23 crores as against Rs.66.94 crores as on March 2009 with YoY growth of 33%.

* Increased market share in the Primary Dealer Segment from 14.24% to 17.08%.

* The Company is rated No.1 in the league of Primary Dealers in India.

1.10 SBI Cards & Payments Services Pvt. Ltd. (SBICSPL)

* SBI Cards, the only stand-alone credit card issuing company in India, is a joint venture between State Bank of India and GE Capital Services, wherein SBI holds 60% stake.

* The 'Cards in Force' (CIF) of the Company stands at 26.62 lacs and the receivables are at Rs.1,765 crores at the end of March 2010.

* The Company has posted a Loss before Tax of Rs.153.54 crores as on March 2010 as against a Loss before Tax of Rs.185.12 crores as on 31.03.2009.

* SBI Cards has emerged as the most trusted brand by being the undisputed Gold Award winner in Reader's Digest Trusted Brands Survey 2009 in Credit Card category.

* Launched 'mShop' a unique mobile application that will allow the Cardholders to make purchase on their mobile.

I.11. SBI Life Insurance Company Limited (SBILIFE)

SBI Life has a unique multi- distribution model comprising Bancassurance, Retail Agency & Institutional Alliances and Group Corporate Channels for distribution of insurance products.

* Ranked 1st worldwide in terms of number of Million Dollar Round Table (MDRT) members.

* CARE has assigned iAAA rating to the company for consecutive 3 years in a row.

* Company tops the list of private sector insurance companies, improving its position from 20d rank in terms of New Business Premium, as per IRDA rankings.

* Gross Premium of the Company has crossed the milestone of Rs.10,000 crores to Rs.10,104 crores as on 31.03.2010 registering a YoY growth of 40%.

* The market share of SBI Life in the total industry improved to 6.44% as against 6% in March 2009 and to 18.34% amongst private insurers from 16% as at March 2009.

* Recorded a PAT of Rs.276 crores as on 31.03.2010 as against a loss of Rs.26 crores as on 31.03.2009.

* The Assets Under Management' of SBI Life recorded a growth of 96% YoY to reach Rs.28,551 crores.

* Number of new Individual policies written during 2009-10 is 13.53 lacs as against 9.37 lacs during the same period last year.

1.12. SBI Funds Management (P) Ltd. (SBIFMPL)

* SBIFMPL, the Mutual Fund arm of SBI, is the 7th largest Fund House in terms of 'Assets Under Management' and a leading player in the market with 5.9 million investors.

* The schemes of the Fund House have performed consistently over the years and have emerged as the preferred investment for investors.

* The company has posted a PAT of Rs.75.87 crores as on 31.03.2010 registering YoY -growth of 10%.

* The average 'Assets Under Management' (AUM) of the company as at March 2010 stood at Rs.37,417 crores (market share 5.01%).

1.13 SBI Global Factors Ltd (SGFL)

* The merger of SBI Factors & Commercial Services Private Ltd. with Global Trade Finance Ltd. has been completed on 11th February 2010 after obtaining necessary legal and regulatory approvals.

* The merged entity is now called as 'SBI Global Factors Ltd.'

* The merger of two subsidiaries was effected to improve the market share in domestic and international factoring business as also to have synergy in operations and optimising efficiency.

* SGFL commands 80% plus market share in this niche segment of factoring.

* The recession in the economy has severely impacted MSMEs and exports leading to sharp rise in delinquencies in the factoring portfolio of SGFL.

* During the year ended 3111 March 2010, the turnover of the company was Rs.12,978 crores.

* The company earned a PAT of Rs.6.58 crores as on March 2010.

1.14 SBI Pension Funds Pvt. Ltd. (SBIPF)

* SBIPF is one of the three Fund Managers appointed by Pension Fund Regulatory & Development Authority (PFRDA) for management of Pension Funds under the New Pension System for Central Government (except Armed Forces) and State Government Employees. SBIPF, a wholly owned subsidiary of the State Bank Group, commenced its operations from April 2008. SBIPF has got the mandate to manage 54% of the total corpus of pension funds received under the New Pension System.

* The total 'Assets Under Management' of the company as on 31St March 2010

was Rs.2,277.50 crores (YoY growth of 94.12%).

* The Company recorded a net profit of Rs.2.85 lacs.

* During the financial year, the company has been leading consistently in the Govt. Pension Scheme and State Govt. Scheme and has been in 1st or 20d position in a few other schemes.

Important Developments during the year in Associates & Subsidiaries:

* Government of India has given in-principle approval to the Bank for acquiring State Bank of Indore, one of its Associate Banks and the proposal is awaiting final approval from RBI and GoI.

* The Bank has also decided to merge SBICI Bank, a wholly owned domestic banking subsidiary, with itself to bring about further synergy and efficiency. Necessary approval is awaited from the Government of India.

* The Bank has merged SBI Factors & Commercial Services Pvt. Ltd with Global Trade Finance Ltd., and the merged entity is now known as 'SBI Global Factors Ltd.'

* Credit Agricole S.A. (CA) and Societe Generale (SG) have combined their asset management operations and renamed it as Amundi, which is set to combine the entirety of CRAM group, the asset management arm of CA and the European and Asian activities of SG's asset management business, SGAM, as well as 20% of TCW, its asset management subsidiary in the USA. The combined entity will be the 4t' largest asset manager in Europe and the 91' globally. As part of this, the shares of SBIFMPL held by SGAM will be transferred to Amundi. An application has been made with SEBI for necessary approval, which is awaited.

J. ASSET QUALITY

NPA Management

The position of NPA reduction as on 31.03.2010 is given hereunder:

Table: 10 Asset Quality

(Rs. in crores)

1 Gross NPAs 19,535 Gross NPA Percentage 3.05%

2 Net NPAs 10,870 Net NPA Percentage 1.72%

3 Cash Recovery in NPA 2,059

4 Up-gradation to Standard 3,972 Assets

5 Write offs 1,991

6 Gross reduction in 8,022 NPAs (3+4+5)

7 Fresh slippages of Standard 11,843 Assets to NPA category

8 Recovery in written off 990 accounts

* Restructuring of impaired Standard Assets as well as viable non-performing assets, both under CDR mechanism as well as under the Bank's own scheme, have been given top priority for arresting new additions and reducing the existing level of NPAs.

* Proactive steps have also been taken for prevention of NPAs.

* The Bank referred 8 cases with aggregate exposure of Rs.2,995 crores to CDR mechanism this year out of a total of 31 cases with aggregate exposure of Rs.20,154 crores referred to CDR by the Whole Banking system. Thus, our share in the debt in the cases referred was 14.86% by value. In all cases, timely intervention enabled the accounts to retain their standard asset status.

* 3 Financial Assets involving principal outstanding of Rs.23.84 crores have been sold to other banks/ARCS during the year.

K. INFORMATION TECHNOLOGY

i) Networking: The Bank has implemented a secure, robust and scalable WAN architecture connecting 18,189 Branches/Offices and 21,485 ATMs of State Bank Group through leased lines, VSATs and CDMA technology, supporting all critical business applications.

ii) Core Banking: The Bank's CBS implementation is among the world's largest. Several technical enhancements, such as multistreaming of key batch programs have facilitated elongation of the business operations window. Many important functionalities, such as, Defence Salary Package, ASBA, Universal Passbook etc., have been successfully introduced in the application to meet specific requirements of Govt., Corporate and individual customers.

iii) ATM: With 21,485 ATMs, the network of State Bank Group ATM is among the largest in the world, offering several value-added services such as Utility Bill Payment, Temple/ Trust Donations, Card to Card Transfer etc. A loyalty Rewards program, the first of its kind, was launched to encourage the usage of Debit Cards at PoS terminals. A key initiative is the planned launch of low cost rural ATMs, of which 300 will be powered by solar energy. Rolling-out of multifunctional kiosks has been initiated for offering facilities like non-cash ATM transactions, Internet Banking transaction, passbook printing etc., through these kiosks.

iv) Internet Banking: The Bank's Internet Banking product has been rated very high for its customer friendly user interface and the range of products and services offered to retail and corporate customers. Some of the new features enabled during the year include, online payment of commercial taxes in 15 States, ASBA, NRI eZ-trade, Pension Slip, SMS alerts for on-line transactions, virtual keyboard, VISA money transfer, UPSC/SSC recruitment application fee payment, e-TDR/ STDR etc. A Loyalty Rewards program for retail internet customers was also launched during the year.

v) Payment Systems Group: The year has witnessed a sharp increase in volume of RTGS and NEFT transactions. A Payment Tracking System has been implemented through SMS on mobile as also through the Contact Centre to enable customers know the status of their RTGS/HEFT remittance. A second Contact Centre on Customer Voice Portal was set up at Vadodara during the year. A complaint Management System has been implemented at Contact Centre wherein the cash related ATM complaints from the customers are resolved. Keeping in view the requirement of senior citizens, a Pension Management System was introduced at Contact Centre enabling the pensioners to make enquiry on their pension details through Contact Centre.

vi) Mobile Banking: A host of Mobile Banking services, such as funds transfers, enquiries, cheque book requests, bill payments, Mobile Top-up, recharging of DTH services, Demat account enquiry are currently being offered.

vii) Enterprise Data Warehouse: The Enterprise Data Warehouse Project (EDWP) was launched during the year. While a few business critical reports

are already being provided by EDWP, the end users will have access to all regular and ad hoc reports required for operational and decision making requirements through a web portal in a phased manner.

viii) Information Security: The Bank has implemented a robust IT Policy and Information System Security Policy which is in line with international best practices. These policies are reviewed periodically and suitably strengthened in order to address emerging threats. Regular Security Drills and Employee Awareness programs are conducted to ensure security and increase awareness among staff.

ix) Foreign Offices: All the application/database instances of our 125 foreign offices in 23 countries are now centrally located at the Bank's Data Centre at Belapur, with the Disaster Recovery Site located at Chennai. Internet banking has been extended to 119 foreign offices. 75 ATMs of foreign centres are connected to our ATM Switch.

x) Regional Rural Bank (RRB) Computerisation: In pursuance to RBI guidelines, a Project was initiated to bring the RRBs on to CBS platform using 'B@ncs24' application software through the ASP model. As on 31.03.2010, all branches of six RRBs sponsored by State Bank Group have been migrated to CBS. RRB computerization on Core Banking platform will be completed during the financial year 2010-11.

xi) State Bank Institute of Information and Communication Management (SBIICM): The institute has introduced a variety of training programmes in tune with the Bank's requirements. SBIICM has conducted 265 programmes covering 6,885 officials with a capacity utilisation of 103.92% during the financial year 2009-10.

xii) Awards & Accolades: During the year, the Bank has won the following awards in the IT area:

* Nasscom CNBC IT User Award 2009 for the proactive and holistic approach to IT adoption and the seamless alignment of IT with business strategy.

* Financial Innovator Award for Central Plan Scheme Monitoring for harnessing the flexibility, scalability and reliability of technology to remove obstacles to progress and create new opportunities.

* IBA, Finacle & TFCI Banking Technology Awards 2009: 'Technology Bank of the Year' Award.

Miscellaneous Operations

L Risk Management & Internal ControlsM Customer Service & Corporate Social ResponsibilityN Corporate Communication & ChangeO Organisational PlanningP Right to Information Act.Q Human Resources DepartmentR Business Process Re-engineeringS Official LanguageT Banking Operation DepartmentU Super Circle of ExcellenceV Credit Policy and Procedures Department

RISK MANAGEMENT & INTERNAL CONTROLS

Risk Management in SBI

L.1 Risk Management Structure

An independent Risk Governance Structure is in place for Integrated Risk Management covering Credit, Market, Operational and Group Risks. This framework visualises empowerment of Business Units at the operating level, with technology being the key driver, enabling identification and management of risk at the place of origination.

The Risk Governance Structure in place in the Bank is as under:

* The Risk Management Committee of the Board (RMCB) has the overall responsibility to monitor and manage Enterprise Wide Risk. RMCB is

supported by the Credit Risk Management Committee(CRMC), Market Risk Management Committee(MRMC), Operational Risk Management Committee (ORMC), Group Risk Management Committee (GRMC) and Asset Liability Management Committee (ALCO).

* All the above mentioned Committees, except ALCO, are headed by the Managing Director & Chief Credit and Risk Officer who is also the Chairman of RMCB. ALCO is headed by the Deputy Managing Director & Chief Financial Officer.

* Risk Management is perceived as an enabler for business growth and in strategic business planning, by aligning business strategy to the underlying risks. This is achieved by constantly reassessing the interdependencies / interfaces amongst each silo of Risk and business functions.

L.2 Basel II Implementation

As per RBI Guidelines, the Bank has migrated to Basel II Framework as on 31st March 2008. Simultaneously, the Bank has initiated the process of fine tuning the systems & procedures, IT capabilities and Risk Governance Structure to meet the requirements of the Advanced Approaches.

* Various initiatives such as new Credit Risk Assessment Models, independent validation of Internal Ratings and improvement in Loan Data Quality would facilitate efficient use of Capital as, well as .smooth transition to Advanced Approaches.

* Efforts are on hand to enhance the degree of awareness at the Operating level in alignment with better risk management practices, Basel II requirements and overarching aim of conservation and optimum use of capital.

* Keeping in view the changes that the Bank's portfolios may undergo in stressed situations, the Bank has in place a Policy which provides a framework for conducting the Stress Tests at periodic intervals and initiating remedial measures wherever warranted. The scope of the tests are constantly reviewed to include more stringent scenarios.

L.3 Credit Risk Management

* Credit Risk Management Process encompasses Identification, Assessment, Measurement, Monitoring and Control of the Credit Exposures. Well defined basic risk measures such as CRA Models, Industry Exposure Norms, Counterparty Exposure Limits, Substantial Exposure Limits, etc., have been put in place.

* Frequency of Stress Tests in respect of Credit Risk has been increased from Annual to Halfyearly, to identify Credit Risk at an early stage and to initiate appropriate measures to contain/ mitigate Credit Risk.

L.4 Market Risk Management

* Market Risk Management is governed by the Board approved policies for Investment, Private Equity & Venture Capital, Trading in Bonds, Equities, Foreign Exchange and Derivatives.

* Exposure, Stop Loss, Modified Duration, PV01 (PV is Price value of 1 basis point) and Value at Risk (VaR) limits have been prescribed. These limits, along with other Management Action Triggers are tracked daily and necessary action initiated as required to keep Market Risk within approved limits.

L.5 Operational Risk Management

* The Bank manages operational risks by having in place and maintaining a comprehensive system of internal controls and policies.

* The main objectives of the Bank's Operational Risk Management are to

continuously review systems and control mechanisms, create awareness of operational risk throughout the Bank, assign risk ownership, alignment of risk management activities with business strategy and ensuring compliance with regulatory requirements.

* The Operational Risk Management Policy of the Bank establishes a consistent framework for systematic and proactive identification, assessment, measurement, monitoring and mitigation of operational risk. The Policy applies to all business and functional areas within the Bank, and is supplemented by operational systems, procedures and guidelines which are periodically updated.

L.6 Group Risk Management

* The State Bank Group is recognised as a major Financial Conglomerate and as a systemically important financial intermediary with significant presence in various financial markets.

* Accordingly, it is imperative, both from the regulatory point of view as well as from the Group's own internal control and risk management point of view, to oversee the functioning of individual entities in the Group and periodically assess the overall level of risk in the Group so as to facilitate optimal utilisation of capital resources and adoption of a uniform set of risk practices across the Group Entities.

* The Group Risk Management Policy applies to all Associate Banks, Banking and Non-banking Subsidiaries and Joint Ventures of the State Bank Group under the jurisdiction of specified regulators and complying with the relevant Accounting Standards, where the SBI has investment in equity shares of 30% and more with control over management.

* With a view to enabling the Group Entities to assess their material risks and adequacy of the risk management processes and capital, all Group members, including Non-banking Subsidiaries are encouraged to align their policies and practices with the Group, vide Basel prescriptions and international best practices.

L.7 Asset Liability Management

* The Asset Liability Management Committee (ALCO) of the Bank is entrusted with the evolvement of appropriate systems and procedures in order to identify and analyse balance sheet risks and setting of bench mark parameters for efficient management of these risks.

* ALM Department, being the support group to ALCO, monitors the Bank's market risk such as liquidity risk, interest rate risk etc., by analysing various ALM reports / returns. The ALM department reviews the ALM Policy and complies with the Bank's / RBI's policy guidelines on an ongoing basis.

* The Market Related Fund Transfer Pricing Mechanism has been implemented for evaluating the business performance of the branches of the Bank.

L.8 Internal Controls

L.8.1 The Bank has in-built internal control systems with well-defined responsibilities at each level. The Bank carries out mainly two streams of audits - Inspection and Audit, and Management Audit covering different facets of Internal Audit requirement. Apart from these, Credit Audit is conducted for units with large credit limits and Concurrent Audit is carried out at branches having large deposits, advances and other risk exposures and selected BPR Outfits. Expenditure Audit, involving scrutiny of accounts and correctness of expenditure incurred, is conducted at Corporate Centre Establishments, Local Head Offices, Zonal Offices, On Locale Regional Offices, Regional Business Offices, Lead Bank Offices etc. To verify the level of rectification of irregularities by branches, audit of compliance at select branches is also undertaken. The Department is headed by Dy. Managing Director (I&MA), who is functionally independent and reports to Audit Committee of the Board (ACB).

L.8.2 Risk Focussed Internal Audit

The Inspection system plays an important and critical role in introducing international best practices in the internal audit function which is regarded as a critical component of Corporate Governance. Inspection & Audit undertakes a critical review of the entire working of auditee units. Risk Focussed Internal Audit, an adjunct to risk based supervision as per RBI directives, has been introduced in the Bank's audit system.

L.8.3 Inspection & Audit of branches

All domestic branches have been segregated into 3 groups on the basis of business profile and risk exposures. While audit of Group I branches and credit oriented BPR entities (excepting SARC) is administered by Central Audit Unit (CAU) at Inspection Audit Department and headed by General Manager (CAU), audit of branches in Group II & Group III category and other BPR entities are conducted by ten Zonal Inspection Offices, located at various Centres, each of which is headed by a General Manager (I&A). The audit of branches and BPR entities is conducted as per the periodicity approved by Audit Committee of the Board (ACB) which is well within RBI norms. During the period from 01.04.2009 to 31.03.2010, 7,217 domestic branches (Group I: 138, Group II: 1,577 & Group III: 5,502) were audited.

L.8.4 Audit of BPR entities

In the wake of introducing various BPR initiatives, audit process for the BPR entities has been developed and introduced. Taking into account the processes involved. in each of the entities, exclusive Audit Report Formats, with appropriate audit queries, have been introduced. These entities are being evaluated on risk parameters only for a score of 1000. During the period from 01.04.2009 to 31.03.2010, 237 BPR entities (Group I: 115 & Group II: 122) were audited.

L.8.5 Cluster Audit

A number of new centres have been brought under the gamut of BPR and several branches are in the process of being linked with BPR entities. To be able to identify and mitigate the risk at such branches, where the process is still underway, the department has introduced an initiative called 'Cluster Audit', wherein a simultaneous audit of BPR entities and branches in a particular centre is taken up. A successful pilot run was taken up at Ernakulam (37 branches), Hyderabad (114 branches) and MCRO, Mumbai (8 branches), Chennai (98 branches) and Delhi (160 branches) centers. This brought to light the audit health of the centre.

L.8.6 Management Audit

With the introduction of Risk Focussed Internal Audit, Management Audit has been reoriented to focus on the effectiveness of risk management in the processes and the procedures followed in the Bank. Management Audit universe comprises the Corporate Centre Establishments; Circles / Zonal Offices / On Locale Regional offices / Regional Business Offices; Associate Banks; Subsidiaries (Domestic / Foreign); Joint Ventures (Domestic/ Foreign), Regional Rural Banks sponsored by the Bank (RRBs); Representative Offices abroad and Exchange companies managed by State Bank of India etc. During the period from 01.04.2009 to 31.03.2010, Management Audit of 19 domestic offices / establishments was carried out.

L.8.7 Credit Audit

Credit Audit aims at achieving continuous improvement in the quality of Commercial Credit portfolio of the Bank through critically examining individual large commercial loans with exposures of Rs.S crores and above. Credit Audit System (CAS), which has been aligned with Risk Focussed Internal Audit, assesses whether the Bank's laid down policies in the area of credit appraisal, sanction of loans and credit administration are meticulously complied with. CAS also provides feedback to the business unit by way of warning signals about the quality of advance portfolio in the unit and suggests remedial measures. It also comments on the risk rating

awarded and whether it is in order. Credit Audit carries out a review of all individual advances above the cut off within 6 months of sanction /enhancement /renewal and a post sanction audit once in 12 months. During the period 01.04.2009 to 31.03.2010, on-site Credit Audit was conducted in 426 Branches, covering 4,727 accounts with aggregate exposures of Rs.4,17,298 crores. Off-site Credit Audit was conducted in all Circles (including MCROs / CAG functioning in the geographical area of the respective Circles) during the same period, covering 3,533 accounts (domestic) with aggregate exposure of Rs.1,94,004 crores 'and 161 accounts (foreign) with aggregate exposure of USD 4,363 million at IBG, CC, Mumbai.

L.8.8 Information System Audit

Since April 2006, all the Branches are being subjected to Information Systems (IS) audit to assess the IT related risks as part of audit of the branch. A Handbook on Self Audit of Information Systems' was introduced to facilitate branches for evaluating the efficiency level of IT systems. IS Audit of centralized IT establishments has commenced in January 2007. During the period from 01.04.2009 to 31.03.2010, IS Audit of 25 centralised IT establishments / process audit was completed.

L.8.9 Foreign Offices Audit

Home Office Audit was carried out at 23 branches during 2009-10, which included Inspection and Audit of 18 branches, Management Audit of 2 Representative offices, 2 Subsidiaries and 1 Joint Venture Commercial Bank of India LLC. All branches inspected during the year were rated A+/A on a scale of A+ to B-.

L.8.10 OFF-Site Audit

In order to make the audit system more process oriented' than transaction oriented' and draw heavily on technology, the Bank has been experimenting with Off-site Audit, which will be an aid to the Risk Focussed Internal Audit currently being conducted at all branches. Several reports are generated off-site and the critical areas identified before the inspection team visits the branch. This results in focus on the critical areas, minimum disturbance to the branch customers / staff and saving of precious man days, as the audit would be conducted in the least possible time.

L.8.11 Concurrent Audit System: Concurrent Audit system is essentially a control process integral to the establishment of sound internal accounting functions effective controls and overseeing of operations. It works as a tool for the Controllers of operations for scrutiny of day-to-day operations. Concurrent Audit System is reviewed on an on-going basis as per the RBI directives so as to cover 30-40% of the Bank's Deposits and 60-70% of the Bank's Advances and other risk exposures. Inspection & Audit department prescribes the processes, guidelines and formats for the conduct of concurrent audit at branches and BPR entities. As on 31.03.2010, the system covered 34.77% of deposits and 63.93% of advances and other risk exposures of the Bank.

L.9 Vigilance: The raison d'etre of vigilance activity in the Bank is not to reduce but enhance the level of managerial efficiency and effectiveness in the organization. Risk taking is integral part of the banking business. Therefore, every loss does not necessarily become subject matter of vigilance enquiry. Motivated or reckless decisions that cause damage to the Bank are essentially dealt as vigilance ones. The Vigilance Department in the Bank works on these principles. Apart from investigation and punitive aspects, Vigilance Department is actively involved in the preventive measures.

Considering the size of our Organization, we have set up vigilance departments at each of the Circle. The Vigilance Department at Circles are headed by Deputy General Managers. At Corporate Centre, Vigilance set up is headed by Chief Vigilance Officer of the rank of Chief General Manager. The department reports to the Chairman directly and conducts its affairs independently. CVC guidelines are followed in letter and spirit in its functioning.

M. CUSTOMER SERVICE & CORPORATE SOCIAL RESPONSIBILITY

M.1. CUSTOMER SERVICE

As an ongoing transformational exercise, the Bank has undertaken a new HR initiative called Citizen SBI'. Rolled out on 1St September 2009, covering more than two lac employees of the Bank, Intervention-I of this unique self discovery programme aims at rapid diffusion of Citizenship Ideal' among the staff members across the Bank. Staff members already familiar with the Citizenship .Ideal will take the initiative forward by developing and practicing the art of fulfilling customer needs through the second intervention of the programme called Customer Fulfilment Programme'.

To focus on market, a third intervention called Market Engagement programme' will be rolled out for Regional Managers involving Branch Managers and General Managers. The objective of this Intervention is to build a Market Engagement Framework' by the Regional Managers for the individual communities or a collection of individuals in his/her Region to establish leadership in the market. In order to engage Senior Management closely with the Citizenship Ideal in the ongoing Transformation journey, a 'Citizenship Enablement Visioning Programme' under Intervention-IV will be launched.

The Grievance Redressal Policy of the Bank is formulated on the basis of the Model Policy Framed by Indian Banks Association and complying with the provisions of the revised Code of Commitment to customers released by Banking Codes and Standards Board of India in August 2009. Branches are required to redress customer grievances within three weeks of receipt against the time line of 30 days prescribed in the Code.

An analysis of Customer Grievances is being monitored by the Central Board every quarter and remedial measures taken to identify the systemic issues that need rectification.

A Contact Centre has been established with toll free number. for providing information on products and account enquiries to customers on 24x7 basis.

The Contact Centre initiative has stabilised well in the year 2009-10 and nearly 80 thousand customers are availing the facilities daily. A second Contact Centre was added in August 2009. The Contact Centre is undertaking following services for customers:

* Information on Account Balances and transactions details, along with the product enquiries.

* Complaints for discrepant ATM cash transactions through a Complaint Management System.

* Pension detail for pensioners through Pension MGT Software.

* Transactional facilities e.g. Cheque issues etc.

M.2. CORPORATE SOCIAL RESPONSIBILITY

Corporate Social Responsibility has been a part of the State Bank of India since 1973 under the name of Community Service Banking covering various social, environmental and welfare activities.

The stated Corporate philosophy is as follows:

* The Bank is a corporate citizen, with resources at its command and benefits which it derives from operating in the society in general. It, therefore, owes a solemn duty to the less fortunate and underprivileged members of the same society.

* Staff members are expected to make their contribution by understanding the aspirations of the public around them and by endeavouring to evolve measures to remove the apolitically indisputable social and developmental

lacunae.

During the financial year 2009-10, the Bank implemented 136 projects with donations aggregating Rs.19.72 crores. Numerous welfare and social activities were implemented both in Banking and NonBanking, areas with the basic aim of raising the quality of life in the community, especially in and around the area of operation of the branches. Particular attention was given to ameliorating the condition of the downtrodden and underprivileged common man.

Currently, the focus areas under Community Service Banking are:

* Health* Education* Adoption of Girl Child* Women's empowerment* Child development* Welfare and rehabilitation of poor and handicapped* Assistance to poor and underprivileged* Entrepreneur development programmes* Vocational guidance* Thrust for assistance to IT education in Rural/Tribal/unreached areas* Environment Protection* Assistance during natural calamities.

Projects during FY 2009-10:

1. Community Service Banking

a. 114 projects were assisted with Rs.6.93 crores covering the areas of Health, Education, Assistance for Handicapped, Sports, Ea. 114 projects were assisted with Rs.6.93 crores covering the areas of Health, Education, Assistance for Handicapped, Sports, Environment and Assistance to tribals & other underprivileged members of the society.

b. Natural Calamities: 6 Projects amounting to Rs.5.22 crones were undertaken for providing relief and rehabilitation to victims of Natural Calamities. Of this Rs.5.15 crones was donated to the Chief Minister's Relief Funds of 4 States.

c. Adoption of Girl Child: Society's preference for the boy child resulted in a large number of instances when the girl child was deprived of familial attention, education, affection, healthcare, in extreme cases, even food etc, This saw a high incidence of female infanticide or ill-treatment of girl children.

As a part of its commitment to the welfare of our society, the Bank decided to adopt Girl Children in the age group of 6 to 14 who were orphans, destitute, physically handicapped, belonging to poor families.

This initiative was started in 2008 with 8,338 children. There are presently 19,534 girl children covered under the scheme. These belong to 6,658 schools spread all over the country and have been adopted by 5,726 branches. An assistance of Rs.4.84 crores was extended during Financial year 2009-10.

Apart from financial assistance, individual employees from the Bank/spouses of employees or members of SBI Ladies Club adopt one or two children for care, mentoring, counselling, to try and fulfill the role of a guide. This includes periodic visits to the schools by Staff Members / SBI Ladies Club Members, talking to the girl child to understand her difficulties, academic or otherwise, and offering solutions. A close liaison is also maintained with the teachers and the academic progress of the girl child is monitored. If felt necessary, timely corrective action is suggested.

While gradually increasing the coverage, the Bank has emphasized that individual care and attention to the adopted children as originally envisaged, should not be diluted.

d. R&D Fund

The Bank has set up a chair named Indian Observatory and IG Patel Chair' at Asia Research Centre of the London School of Economics jointly with the Reserve Bank of India. In addition, the Bank has established an SBI Chair for Public Leadership' in the Indian School of Business, Hyderabad. These 2 chairs have been assisted with donations amounting to Rs.2.73 crores during FY 2009-10.

M.3. SBI Children's Welfare Fund

Apart from the projects reported above, the SBI Children's Welfare Fund, which was set up with donations from the employees of SBI with matching contributions from the Bank to assist underprivileged and poor children in their educational and economic development, undertook 6 projects during FY 2009-10 and distributed grants of Rs.4.58 lacs for child welfare projects.

M.4. Green Banking Initiatives of the Bank

Global warming has become a serious issue attracting attention from all the Nations of the world warranting urgent measures to combat the climate change, which may otherwise result in irregular Monsoons, floods, draughts and uneven temperatures, altogether keeping the existence of flora and fauna of the universe at stake. As the Country's Premier Financial Conglomerate providing financial resources and services to clients pan India, the Bank has a strategic role to play in addressing this issue, both in terms of its obligations and in terms of its opportunities.

Being a responsible Corporate Citizen of the country, the Bank has adopted a Green Banking Policy with an objective of contributing towards the fight against the adverse climatic changes. The policy envisages two pronged approach to address the issue viz. i) to reduce the Bank's own carbon footprint and ii) to sensitise the Bank's clients to adopt low carbon emission practices. As part of the Bank's initiatives to move towards low carbon operations, the Bank has initiated several measures, which include switching over to energy efficient lighting systems, installation of energy savers, efficient water management systems, waste disposal and tree plantation etc.

First of its kind in the entire Banking, Finance and Insurance Sector (BFIS), the Bank has conceptualised generation of energy through renewable energy resources and therefore, resolved to install windmills for the Bank's captive use with a view to substitute the polluting power with green power. A total of 10 windmills with an installed capacity of 15 MW came up in the States of Tamilnadu, Gujarat and Maharashtra. The project has been installed and commissioned in a record time of four months which reflects the Bank's sincerity and urge in its efforts to protect the environment and mankind.

M.5. Financial Inclusion

Considering the fact that a majority of 6.38 lacs habitations in India are not served by any Commercial Bank or Regional Rural Bank, the Bank took upon itself the task of reaching out to these unbanked villages and making available the basic banking facilities at affordable cost. Thus, the Bank envisioned a mission of covering 1 lac unbanked villages by March 2010.

The realization that the job demands highly innovative and technological initiative in view of the fact that brick and mortar branches alone were not sufficient to reach out, the Bank decided to take on multi-pronged approach of engaging Business Facilitators (BF), Business Correspondents (BC) and technological innovations to cover the unbanked villages besides expanding through new branches.

In the process, the Bank engaged 10 National level partners as BC /BFs and 8,000 BC/BFs as regional level alliances. The alternate channel of BC/BF expanded its footprints at 25,000 Customer Service Points throughout the length and breadth of the country for serving unbanked villages. The Bank also added 1,001 new branches during the last two years in Rural and Semi

Urban areas to contribute to this national cause.

M.6. Education Partnership with the Municipal Corporation of Greater Mumbai

The Municipal Corporation of Greater Mumbai (MCGM) has launched a project to transform and upgrade the outcome of education in schools run by the Municipal Corporation. The Bank has agreed to support this project as a partner for a period of 2 years as this project may evolve as a model for replication across the country. The project has the following objectives:

* Improvement in average learning outcomes from 30-35% to 70-80%.

* Improvement in student attendance from 50-60% to 90%+.

* Reduction in drop-out rates especially at upper primary level.

* Enabling at least 30-50% of the children to speak English comfortably.

* At least 20% of secondary school children getting strong vocational training.

* At least 20% of parents being highly involved in the child's learning.

* Creating infrastructure of the right quality in each school.

N. CORPORATE COMMUNICATION & CHANGE

* During the year, a new transformational programme titled 'Citizen SBI' envisaging deep- rooted, mufti-level attitudinal change and transformation consisting of waves of HR interventions was rolled out to instill a feeling of Citizenship among all employees of the Bank. The purpose of this ambitious programme was to give a sense of fulfillment to our 2 lacs plus employees and thereby to make a remarkable improvement in the services provided by the Bank to its customers as also to society at large.

* Citizen Orientation Programme, the first intervention of the above Project to introduce the ideal of Citizenship and its benefits to individuals was taken to each and every employee of SBI between September 2009 and February 2010.

* Staff members already familiar with the citizenship ideal will take the initiative forward by developing and practicing the art of fulfilling customer needs through Intervention - II of the programme called 'Customer Fulfillment Programme'. Pilot projects of the programme have already been rolled out and a large number of Regional Customer Fulfillment teams have been formed. Final roll-out of Intervention II to cover all branches and other customer facing units of the Bank will start from June, 2010.

* Two other interventions of the Citizen SBI Project will be launched during 2010-11. One, the Market Engagement Programme for senior functionaries to equip them to identify and meet the needs of communities/clusters in their respective areas of operations, thereby becoming a pro-active enabler instead of a mere service provider. Second, the Citizenship Vision Programme for engaging the Senior Management in the ongoing transformation journey.

* 'Citizen SBI', a new website has been launched during the year to enable employees to share their views and experiences after exposure to the programme. Stories regarding involvement of our staff members in worthy causes are placed on the website besides providing a platform to all our employees to send their feedback and views directly to the Top Management of the Bank.

* A 'Top Management Conclave' involving the Chief General Managers and above was held in Goa from the 13th to 16th December, 2009 to identify the initiatives as a part of 'SBI Transformation Agenda 2010-2013' and to work out on the strategies for effective implementation of the Business Initiatives, Enabling Initiatives and the People Initiatives.

* A corporate film on SBI is being made by Discovery Networks focusing on its history, how it has evolved by bringing in modern banking in India and the people behind the scenes. This will immensely help in the Bank's image building both in India and abroad.

* Internal communication in the Bank is also being enhanced by showing video clips on important banking events and sharing developments in the Bank / corporate goals/best practices etc., with the employees. Such communications are also made through the Bank's in-house quarterly magazine 'Colleague' to reach out to our staff in the remotest corners of the country.

ORGANISATIONAL PLANNING

Organisational Changes:

* During the year, a Payment Strategy Group, headed by a Chief General Manager has been created with a view to capture the payment opportunities which is expected to growand increase our share from present 13% to at least 17%.

* Creation of DGM (Operations) in Circles controlling the 4 Metros i.e. Mumbai, Delhi, Chennai & Kolkata to take care of non-credit CPCs.

* The organisational structure of the International Banking Group has been reorganized with a view to build capabilities to achieve and manage scale through competencies around business models and geographies, ensuring effective interaction with the domestic operations of the Bank and speeding up the decision making process. New positions of General Manager (Retail and Subsidiaries) and General Manager (Compliance & Risk) have been created and General Manager (Marketing) & General Manager (IS) has been rechristened as General Manager (Wholesale) & General Manager (Financial Institutions Group).

* Creation of DGM (Financial Planning & Advisory Services) in four Metros.

* Financial Institutions Business Unit has been created for targeting financial institutions and to exploit the opportunities in the areas of Cash Management Product, Trade Finance, Collection, Custodial & Treasury Management Services etc.

* Creation of Mid Corporate Group Region, Pune for control over four MC Branches i.e. Nagpur, IFB Pune and Commercial Branch at Raipur and Bhilai.

* Creation of new Zonal Inspection Office at Bhavnagar.

* A New Strategic Training Unit headed by a CGM (L&D) has been created to cater to the ever, in-creasing training needs of the Bank.

P. RIGHT TO INFORMATION ACT 2005 (RTI ACT 2005)

Suitable structure has been put in place at Branches/Administrative Offices/Regional Business Offices/Local Head Offices for handling requests and appeals under RTI Act 2005. Further, an exclusive RTI Department' has been created in Corporate Centre to handle and co-ordinate various issues under the Act. For convenience of the public, the Bank has also created an RTI link on its website http://www.statebankofIndia.com and http://www.sbi.co.in.

Q. HUMAN RESOURCE DEPARTMENT (HR)

HR INITIATIVES

A number of key initiatives have been taken by the Bank during the current year to motivate the employees to perform better so as to achieve the Bank's growth plans.

Learning & Development:

i. Under the leadership pipeline initiative, the services of Duke Corporate Education, World's leading business school for Executive Education along with IIM, Ahmedabad were engaged to groom the General Managers to lead the business drive with customer oriented culture.

ii. JAGRITI- a leadership programme for Branch Managers and unit Heads of CPCs, which has been designed in association with an outside consultant, was rolled out on 26.10.2009 and is being conducted both at the College and Academy.

iii. The training system of the Bank was awarded the prestigious 'Golden Peacock National Training Award 2009' in recognition of adopting the best training practices amongst the 230 Corporates nominated for the same. This is the first such recognition to our training system outside the Bank.

iv. In order to make 24X7 learning accessible to our employees, 137 e-learning courses have been uploaded on, the Gyanodaya portal.

Several,guided e-learning portals were also conducted to hand-hold employees in taking the e-courses.

v. In order to induct specialists info our Bank, 117 Management Trainees from B-schools were recruited.

vi. Strategic Training Unit headed by CGM (L&D) has been set up at Hyderabad. The STU will own and drive the training system and enhance the self renewal capability of our Bank by conducting programmes that are the best in the industry.

Personnel Management:

i. Retired Employees Medical Benefit Scheme LREMBS1 has been modified by increasing the ceiling on the medical benefits and introducing domiciliary treatment for the retirees.

ii. Centralised payment of pension to Bank Pensioners has been made operational through HRMS.

iii. Investment of Bank's Pension corpus through the Treasury Department of SBI for better return has been operationalised.

Industrial Relations:

i. Massive recruitment exercises have been undertaken during the year to recruit around 22,000 clerical staff and 5,000 officers. This recruitment drive, which is the largest recruitment exercise undertaken in the banking sector, will further augment the staff strength in-tandem with the Bank's branch expansion drive and expected movement on account of promotion and retirement etc. This will not only help in reducing the age profile of staff but will also provide an opportunity of greater mobility and marketing thrust across the Bank to achieve its growth plans.

ii. Senior clerical staff have been empowered with additional supervisory duties by reviewing career progression scheme. They will shoulder supervisory roles and responsibilities, which will facilitate the Bank to utilize the services of officers for other value added work.

iii. Excellence in relationship with the members of both the staff and officers federation was achieved by sorting out various IR related issues through their consistent support and healthy dialogue/discussion during the year.

iv. Industry level first, settlement was signed with our staff federation on outsourcing of maintenance functions in respect of all branches / offices.

v. Industry level first, settlement was signed,with our staff federation for outsourcing of replenishment of cash in ATMs, as also outsourcing of entire ATM services.

HRMS Project

i. For leveraging technology in employee management area, the Bank has implemented automation of its HR process through SAP-ERP-HRMS software. A centralised database of all employees across SBI is now available.

ii. Salary and pension processing and payment of 2.08 lacs employees including the employees retired during the year and 1.10 lacs IBI / SBI pensioners respectively have since been centralised.

iii. During the year, the process of reimbursement of s monthly expenses viz. Conveyance, Newspaper / Magazine, Casual Labour and Cleansing Material (known as 4ini reimbursement) has been rolled out in the Bank for all employees. This is one of the major initiatives on paperless functioning in the HR area.

iv. HRMS will make available additional services on online submission and viewing of data etc. to all the employees of the Bank on an online 'real time basis'.

v. The above initiatives would help in employee satisfaction. The other HR related initiatives would help in expediting HR decision making process and also release of manpower from non-core areas.

Staff Strength:

The Bank had a total strength of 2,00,299 on the 31st March 2010. Of this, 35.26% were officers, 43.61% clerical staff and the remaining 21.13% were sub-staff.

IMPLEMENTATION OF PERSONS WITH DISABILITIES (PWD) ACT, 1995

Our Bank provides reservation to Persons with Disabilities (PWDs) as per the guidelines of the Government of India and Section 33 of the PWD Act, 1995. The total number of Persons with disabilities, who were employed as on 31.03.2010, was 2029 (details given as under).

Table: 11

Category Total No. of Persons with Disabilities

Officers 70,622 498Clerical 87,356 1282Sub-staff 42,321 249TOTAL 2,00,299 2029

REPRESENTATION OF SCHEDULED CASTES AND SCHEDULED TRIBES

* As on 31st March 2010, 39,697 (19.82%) of the Bank's total staff strength belonged to Scheduled Castes and 13,702 (6.84%) belonged to Scheduled Tribes.

* In order to discuss issues relating to reservation policy and effectively redress the grievances of SC/ST employees, Liaison Officers have been designated at all the Local Head Offices of the Bank as also at the Corporate Centre at Mumbai.

* Senior officials of the Bank hold regular meetings at periodic intervals with the representatives of the National Federation of SBI SC/ST Employees at Corporate Centre as also with the representatives of Circle level SC/ST Welfare Associations at the Local Head Offices and Administrative Offices where issues pertaining to implementation of reservation Policies are discussed. This has ensured redressal of grievances to a large extent.

* Government of India representative inspected the reservation roasters for SCs/STs/OBCs/PWDs at all the 14 Circles and found this maintained satisfactorily.

* The Bank has been conducting workshops on reservation policy for SCs/STs/OBCs to impart up-to-date knowledge/latest operatives about the reservation policy and related areas to the SC/ST cell officers, representatives of SC/ST Welfare Association and the Liaison officers.

* Pre-recruitment and pre-promotion training programmes are being conducted to enable SC/ ST candidates to achieve the prescribed standards to effectively compete with other candidates.

R. BUSINESS PROCESS RE-ENGINEERING.(BPR)

The Bank has redesigned the business processes to leverage the Core Banking platform to improve performance in key business areas and quality of customer service. The BPR Project undertaken by the Bank is working to transform it into a world class institution by proactively reaching out to acquire new customers, building deep and lasting relationships with existing customers and providing all customers with the best quality of service across multiple channels. Various BPR initiatives undertaken are detailed below:

* Centralised Processing Centres for Retail loans, Small & Medium enterprise loans, and Trade Finance were set up, wherein the end to end processes have been taken over from branches.

* Relationship Managers have been positioned at strategic centres to extend personalized service to mass affluent and HNI clients, and also for Medium Enterprises clients.

* Dedicated Sales Teams like Home Loans Sales Team and Multi Product Sales Team have been set up to target niche markets and to up-sell and cross-sell various products.

* Assured Standard Turn Around Times for various sanction processes have been fixed for Asset CPCs.

* Quality of Assets and Documentation has improved.

* All branches in trade finance intensive centres have been made capable to handle non-fund based business like LCs/BGs and Bills with speed and ease.

* Capability has been provided to branches for speedy opening of new accounts and issue of personalised cheque books.

* Clearing CPCs have been established to centralise clearing related activities and free up branches to focus on customer service.

* Pensions are being paid to pensioners through Centralised Pension Processing Centres accurately and in time.

* Document Archival Centres have been designed to free up valuable space in branches.

* Inward Remittance Cell has been opened to handle all retail remittances received through SWIFT at a single point.

* For increasing speed and efficiency and to improve customer service, the organizational structure has been delayered.

* A 24x7 contact centre has been established with toll free number for providing information on products and services as well as account and balance queries to the customers. This service has also been extended to NRIs in 17 countries during the year.

All top 116 business centres of the country have been fully covered by the above BPR initiatives which have stabilised very well and have enabled branches to serve customers better, with speed and accuracy.

All these initiatives have helped the Bank in creating a new operating

architecture capahte of meeting global competition.

S. OFFICIAL LANGUAGE

During the year, the Bank took several initiatives to comply with the different requirements of the Official Language Policy of the Govt. of India. The Bank also used official language Hindi and other Indian languages to deliver its products and services to the masses. 12,496 Core Banking branches of the Bank are provided with bilingual software which enabled the customers to get their pass books, statements of account and other reports in Hindi.

In addition to this, all the ATMs of the Bank are provided with the option of respective Regional Language and Hindi and the number of hits on ATMs in Hindi were 4,40,29,106 and in other Indian languages were 3,79,48,223 during the year.

This year, the Chairman of the Bank has given a message to the staff of the Bank wherein all the staff members were called upon to endeavour to make maximum use of Hindi particularly while communicating in writing so that the people deprived of banking facilities so far may also be able to avail banking services without any hesitation.

Bank's In-House Hindi magazine Prayas' has once again bagged the first prize for the year 2008-09, fourth time in last seven years in the 21 years' history of the journal.

Prayas' has also been awarded Best House Journal Prize' for the year 2008-09 by Mumbai's premier literary- socio-cultural organization Aashirwad'.

Several workshops were conducted for staff to equip them with the functional knowledge of the official language Hindi. In order to encourage the staff to use Hindi in their day-today work, Quarterly Shabdavali Smaran and many more competitions were organised during the year.

T. BANKING OPERATIONS DEPARTMENT

KYC/AML/CFT MEASURES

i) The Bank has put in place the Board approved revised policy on Know Your Customer (KYC) / Anti Money Laundering (AML) / Combating Financing of the Terrorism (CFT) measures in line with Master Circular issued by Reserve Bank of India on the subject. The main components of the Policy are as follows:

* Customer Acceptance

* Customer Identification

* Monitoring of Transactions

* Training of personnel

* Preservation of Records

ii) Procedural Guidelines to facilitate implementation of the Policy have also been circulated after approval of the Central Board.

iii) Monitoring of Transactions is done with a view to submit undernoted reports to Financial Intelligence Unit-India (FIU-M) mandated by rules of Prevention of Money Laundering Act, 2002.

* Cash Transaction Reports (CTRs)

* Counterfeit Currency Reports (CCRs)

* Suspicious Transaction Reports (STRs)

With a view to supplement and support monitoring of transactions, the Bank has acquired appropriate software which has been customized to function on the CBS platform of the Bank. Processing of all transactions handled by all domestic branches of the Bank, on day to day basis, is being done and monthly CTRs are being generated alongwith STR alerts daily in offline mode, for analysis by the dedicated KYC/AML Cell, functioning under the control of Chief General Manager (BO) for finalisation and filing of STRs to FIU-IND in appropriate cases.

iv) Training on KYC/AML is being imparted on an ongoing basis in the Bank. In addition to exclusive KYC/AML programmes, all training programmes/seminars/workshops, have a KYC/ AML session included in the programme. Further, the Bank has decided to observe 1St August every year as 'KYC Compliance and Fraud Prevention day' to maintain appropriate awareness and involvement levels across the Bank as also to create proper understanding of KYC issues among the members of public.

FRAUD PREVENTION, ANALYSIS AND MONITORING

The measures taken for prevention of frauds are as under:

* The Bank has introduced revised instructions for change of Password in ATMs.

* SBIMF Warrants are being paid through Dividend Warrant Payment Module' on CBS.

* Alertness Award Scheme, to reward staff members who are instrumental in detection, prevention of frauds or in effecting recoveries in fraud cases has been popularized.

* Ensuring that Preventive Vigilance Committees are formed at the branches having staff strength of 10 or more (including SAM branches) and at CPCs/Cells irrespective of their -staff strength, as per the revised scheme approved by the Vigilance Department at Corporate Centre.

* Encourage/popularize Whistle Blower' concept.

Further, Fraud Analysis Cell (FAQ has been created to:

* Follow up action on alerts which are generated through technology intervention and proactive action is taken on alerts which may be indicative of a fraudulent transaction .having been put through.

* Help in avoiding recurrence and monitoring of high value frauds.

GENERAL BANKING

I. STATE BANK OF INDIA COMPENSATION POLICY - 2009

As a premier Bank of the nation, SBI always strives to create and maintain highest standards of customer service and in any unlikely event of any slippage in services extended to customers, the Bank has put in place a Board approved Compensation Policy to compensate for such slippages. The policy will ensure that appropriate financial compensation is provided to the recipients to these services, without requesting for it.

II. BANK'S OUTSOURCING POLICY - 2010

RBI have permitted banks to outsource non-core functions and the Bank has accordingly put in place a Board approved Outsourcing Policy to cover and regulate outsourcing of various activities which are considered not economical to be carried out within the Bank and are considered prudent to be availed of from third party vendors, with appropriate checks and balances.

U. SUPER CIRCLE OF EXCELLENCE:

U.1. Concept

The concept of Super Circle of Excellence (SCE) has been conceived to impart focus on a subset of branches to deliver high growth, improve efficiency, ensure high quality of customer service and also act as a forum for sharing best practices. The branches have been selected on a twin track approach i.e. one subset comprising cluster of branches in Metro and large urban centres to meet the burgeoning competition and other subset consisting of branches selected on the basis of one per Region aiming to transplant best practices from high performing branches to other branches across the country.

As on 31.03.2010, there are 661 branches in Super Circle of Excellence, 331 branches under 16 dedicated SCE Regions and 330 branches selected on the basis of one per Region facilitated by SCE coordinator.

U.2. Focus

The SCE branches are primarily focusing on:

* Growth in Retail business i.e. Personal (Per) Domestic deposits and Per + SBF advances, CASA deposits and Income from Cross Selling.

* Overall performance of SCE branches is being measured on a multi dimensional efficiency matrix covering all aspects of business.

* Benchmarking with the best performing bank in retail operations.

* Setting high standards of customer service; objective is reaching a zero complaint status.

* Piloting new products of PBBU and other technology initiatives of New Business Department.

U.3. Business levels and growth

Business performance indicators of SCE branches as on 31.03.2010 are furnished below:

* Retail Deposit i.e. Personal Domestic DepositsRs.53,451 crores (YoY growth is Rs.9,879 crores; 22.67% as against 21.97% achieved by non-SCE branches of the Bank)

* Personal- Advances - Rs.22,834 crores (YoY growth is Rs.6,488 crores; 39.69% as against 23.60% achieved by non-SCE branches of the Bank)

* CASA Deposits - Rs.32,652 crores (YoY growth is Rs.7,650 crores; 30.60% as against 25.24% achieved by non-SCE branches of the Bank). CASA Ratio of SCE branches has improved from 35.20% in March 2009 to 40.15% in March 2010.

* Cross Selling Income - Rs.27.66 crores (YoY growth is 112.17% as against 97% achieved by the non-SCE branches of the Bank)

The SCE branches constitute 5.32% of total branches of the Bank, Their contribution in business of the Bank is 12.94% in Retail Deposits, 15.90% in Retail advances, 16.99% in Personal Advances and 13.36% in the Cross Selling :Income, which are steadily improving.

The SCE branches are extensively leveraging the new technology initiatives of the Bank viz. Internet Banking, Mobile Banking, RTGS, NEFT, Demat and eZ-trade, for decongesting the branches and enhancing overall customer experience. The SCE subset has contributed nearly 18% in total technological product coverage of the Bank.

U.4. Other New Initiatives:

* Potential Mapping Application has been developed by SCE Department through Data Warehouse Portal to correctly measure and tap the potential available in the area of operation of each SCE branch.

* For measuring level of customer satisfaction in SCE branches on a matrix of 100, a customer feedback format has been devised with 25 parameters. The formats are directly dispatched to customers and the responses keyed in online in the centralized CSM application developed by SCE Department. With continuous tracking of the deficient areas, the average CSM scores is now in the range of 85-87 as against 80-82 in March 2009.

To improve the premium enjoyed by SCE branches in 2010-11, all enablers i.e. better ambience, CREs/RMPBs, up-gradation of skills are being ensured in these branches to keep them on higher growth trajectory.

V. CREDIT POLICY AND PROCEDURES DEPARTMENT (CPPD)

PERFORMANCE HIGHLIGHTS

* Loan Policy of the Bank has been reviewed and current RBI guidelines have been incorporated.

* Increase in the Term Loan exposure limit to Infrastructure sector to 15% from 10%.

* Appointment of Nominee Directors Review and Authority Structure.

* Prudential Norms on Unsecured Advances.

* Guidelines on Restructuring of Advances by Banks.

* Review of Grievances redressal mechanism under Guidelines on Fair Practice Codes for Lending.

* Accounting procedures for sale of NPAs / Securitisation Companies / Asset Reconstruction Companies.

* Operational guidelines on Forward Exchange Contracts and Derivatives.

* Competitive Pricing - Review.

* CP linked rates for discounting of Bills under LCs.

* Policy for financing Corporates on Unsecured basis to attract new business.

* As part of the Bank's Green Banking Policy, initiatives like plantation of fruit bearing trees across the Bank's premises, implementation of energy saving measures, encouraging customers on reduction of Green House gases by way of extending project loans on concessionary interest rates, assisting in CDM Registration and securitization of CER receivables etc. were undertaken.

* Under the captive windmill project, the Bank has gone in for 10 windmills (1.5 MW each) which have been set up in three States viz. Maharashtra, Gujarat and Tamilnadu. Power generated from the windmills shall be set-off against the power consumption of identified offices / branches of those States. State Bank of India is the first Bank in India to have conceived the idea of Green Power' generation for captive use in the Banking Industry.

NEW PRODUCT:

* Financing to Shipbreaking Units.

Resnonsibility Statement:

The Board of Directors hereby states:

i. that in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

ii. that they have selected such accounting policies and applied them consistently and made judgements and estimates as are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Bank as on the 31st March 2010, and of the profit and loss of the Bank for the year ended on that date;

iii. that they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Banking Regulation Act, 1949 and State Bank of India Act, 1955 for safeguarding the assets of the Bank and preventing and detecting frauds and other irregularities; and

iv. that they have prepared the annual accounts on a going concern basis.

Acknowledgement

During the year, Shri Ashok Chawla, Finance Secretary, Govt. of India was nominated to the Board under Section 19(e) with effect from 13th May 2009, in place of Shri Arun Ramanathan, who retired on 30th April 2009.

The Directors express their gratitude for the guidance and cooperation received from the Government of India, RBI, SEBI, IRDA and other government and regulatory agencies.

The Directors also thank all the valued clients, shareholders, banks and financial institutions, stock exchanges, rating agencies and other stakeholders for their patronage and support, and take this opportunity to express their appreciation of the dedicated and committed team of employees of the Bank.

For and on behalf of the

Central Board of Directors

O.P BhattDate : 14th May, 2010 Chairman

CORPORATE GOVERNANCE

Industry :Banks - Public Sector

STATE BANK OF INDIA ANNUAL REPORT 2009-2010 REPORT ON CORPORATE GOVERNANCE The Bank's Philosophy on Code of Governance State Bank of India is committed to the best practices in the area of corporate governance, in letter and in spirit. The Bank believes that good corporate governance is much more than complying with legal and regulatory requirements. Good governance facilitates effective management and control of business, enables the Bank to maintain a high level of business ethics and to optimize the value for all its stakeholders. The objectives can be summarized as: * To enhance shareholder value. * To protect the interests of shareholders and other stakeholders including customers, employees and society at large. * To ensure transparency and integrity in communication and to make available full, accurate and clear information to all concerned. * To ensure accountability for performance and to achieve excellence at all levels.

* To provide corporate leadership of highest standard for others to emulate. The Bank is committed to: * Ensuring that the Bank's Board of Directors meets regularly, provides effective leadership, exercises control over management and monitors executive performance. * Establishing a framework of strategic control and continuously reviewing its efficacy. * Establishing clearly documented and transparent management processes for policy development, implementation and review, decision-making, monitoring, control and reporting. * Providing free access to the Board to all relevant information, advices and resources as are necessary to enable it to carry out its role effectively. * Ensuring that the Chairman has responsibility for all aspects of executive management and is accountable to the Board for the ultimate performance of the Bank and implementation of the policies laid down by the Board. The role of the Chairman and the Board of Directors are also guided by the SBI Act, 1955, with all relevant amendments. * Ensuring that a senior executive is made responsible in respect of compliance issues with all applicable statutes, regulations and other procedures, policies as laid down by the GoI/ RBI and other regulators and the Board, and report deviation, if any. The Bank has complied with the provisions of Corporate Governance as per Clause 49 of the Listing Agreement with the Stock Exchange except where the provisions of Clause 49 are not in conformity with SBI Act, 1955 and the directives issued by RBI/ Gol. A report on the implementation of these provisions of Corporate Governance in the Bank is furnished below. Composition of the Board State Bank of India was formed in 1955 by an Act of the Parliament, i.e., The State Bank of India Act, 1955 (Act). A Central Board of Directors was constituted according to the Act. The Board is headed by the Chairman, appointed under section 19(a) of SBI Act; two Managing Directors are also appointed members of the Board under section 19(b) of SBI Act. The Chairman and Managing Directors are whole time Directors. As on 31st March 2010, there were 10 other directors on the Board including eminent personalities from academics. These included representatives of shareholders, nominee officials of Government of India and Reserve Bank of India and directors nominated by the Government of India under Section 19(d) of the State Bank of India Act, 1955. Apart from the whole time Directors comprising Chairman and two Managing Directors, the composition of the Board as on the 31st March 2010, was as under: * Four directors, elected by the shareholders under Section 19(c), * Four directors, nominated by the Central Government under Section 19(d), * One director, nominated by the Central Government under Section 19(e), and * One director, nominated by the Reserve Bank of India under Section 19(f). The composition of the Board complies with provisions laid down in Clause 49. A brief resume of each of the non-executive Directors is presented in Annexure I. Particulars of the directorships/memberships held by all the Directors in various Boards/Committees are presented in Annexure II and the details of their shareholding in the Bank are mentioned in Annexure III. Committees The Central Board had constituted eight Committees of Directors, namely, (1) Executive Committee, (2) Audit Committee, (3) Risk Management Committee, (4) Shareholders'/Investors' Grievance Committee, (5) Special Committee for Monitoring of Large Value Frauds (Rs.1 crore and above), (6) Customer Service Committee, (7) Technology Committee, and (8) Remuneration Committee of the Board. Meetings of the Central Board and its Committees The Bank's Central Board meets a minimum of six times a year. During the year 2009-10, ten Central Board Meetings were held. The dates of the meetings and attendance of the directors are as under Table : 12 Dates & Attendance of Directors at Board Meetings during 2009-10 No. of Meetings held : 10 Dates of the Meetings : 09.05.2009, 19.06.2009, 30.07.2009, 22.08.2009, 31.10.2009, 19.12.2009, 25.01.2010, 08.02.2010, 19.03.2010, 26.03.2010

Shri O.P Bhatt, Chairman, Shri R. Sridharan, Managing Director & GE (A&S), Shri S. Venkatachalam, Dr. Deva Nand Balodhi, and Dr. (Mrs.) Vasantha Bharucha, Directors attended all the ten Meetings. Dates of attendance of other Directors are as below Name of the Director No.of No. of Dates Meetings Meetings held after attended nomination/ election Shri S.K. Bhattacharyya 10 9 09.05.2009, 19.06.2009, 30.07.2009, 22.08.2009, 31.10.2009, 19.12.2009, 08.02.2010, 19.03.2010, 26.03.2010 Dr. Ashok Jhunjhunwala 10 8 09.05.2009, 19.06.2009, 30.07.2009, 22.08.2009, 31.10.2009, 19.12.2009, 25.01.2010, 26.03.2010 Shri Dileep C. Choksi 10 6 09.05.2009, 19.06.2009, 30.07.2009, 31.10.2009, 19.12.2009,25.01.2010 Shri D. Sundaram 10 9 09.05.2009, 19.06.2009, 22.08.2009, 31.10.2009, 19.12.2009, 25.01.2010, 08.02.2010, 19.03.2010, 26.03.2010 Prof. Md. Salahuddin 10 8 09.05.2009, *19.06.2009,Ansari 30.07.2009, *22.08.2009, 25.01.2010, 08.02.2010, 19.03.2010, 26.03.2010 Dr. Rajiv Kumar 10 4 30.07.2009, 31.10.2009, 19.12.2009, 25.01.2010 Shri Ashok Chawla (w.e.f 13.05.2009) 9 2 19.12.2009, 26.03.2010 Smt. Shyamala Gopinath 10 8 09.05.2009, 19.06.2009, 30.07.2009, 22.08.2009, *19.12.2009, 25.01.2010, 19.03.2010, 26.03.2010 * Attended through videoconference Executive Committee of 'the Central Board The Executive Committee of the Central Board (ECCB) is constituted in terms of Section 30 of the SBI Act, 1955. According to the Act, ECCB exercises powers delegated by the Board and functions subject to the conditions imposed by the Board. The State Bank of India General Regulations (46 & 47) provide that, subject to the general or special directions of the Central Board, ECCB may deal with any matter within the competence of the Central Board. ECCB consists of the Chairman, the Managing Directors, the Director nominated under Section 19(f) of the SBI Act (Reserve Bank of India nominee), and all or any of the other Directors who are normally residents or may for the time being be present at any place within India where the meeting is held. The ECCB meetings are held once every week. The details of attendance of ECCB Meetings during the year 2009-10 are as under Table: 13 Attendance of ECCB Meetings during 2009-10. Total No. of Meetings: 53 Directors No. of ECCB meetings 1. Shri O.P Bhatt, Chairman 53 2. Shri S.K. Bhattacharyya,M.D. & CCRO 47 3. Shri R. Sridharan,MD & GE (A&S) 49 4. Dr. Ashok Jhunjhunwala 17 5. Shri Dileep C. Choksi 26 6. Shri S. Venkatachalam 49 7. Shri D. Sundaram 28 8. Dr. Deva Nand Balodhi 29 9. Prof. Md. Salahuddin Ansari 13 10. Dr. (Mrs.) Vasantha Bharucha 24 11. Dr. Rajiv Kumar 06 12. Shri Ashok Chawla 01

13. Sint. Shyamala Gopinath 11 Audit Committee of the Board The Audit Committee of the Board (ACB) was constituted on 27th July 1994 and last re-constituted on the 9th May 2009. The ACB functions as per RBI guidelines and complies with the provisions of Clause 49 of the Listing Agreement to the extent that they do not violate the directives/guidelines issued by RBI. Functions of ACB (a) ACB provides direction as also oversees the operation of the total audit function in the Bank. Total audit function implies the organization, operationalisation and quality control of internal audit and inspection within the Bank, and follow-up on the statutory/external audit of the Bank and inspection by RBI. (b) ACB reviews the internal inspection/audit functions in the Bank - the system, its quality and effectiveness in terms of follow-up. It reviews the inspection reports of specialized and extra-large branches and all branches with unsatisfactory ratings. It also, especially, focuses on the follow-up of- * Inter-branch adjustment accounts * Unreconciled long outstanding entries in inter-bank accounts and nostro/vostro accounts * Arrears in balancing of books at various branches * Frauds * All other major areas of housekeeping (c) It obtains and reviews half-yearly reports from the Compliance Department in the Bank. (d) ACB follows up on all the issues raised in the Long Form Audit Reports of the Statutory Auditors. It interacts with the external auditors before the finalisation of the annual/half-yearly/ quarterly financial accounts and reports. A formal 'Audit Charter' or 'Terms of Reference' laid down by the Central Board, incorporating the requirements under Clause-49 in addition to those under RBI guidelines, is in place. Composition & Attendance during 2009-10 The ACB has seven members of the Board of Directors, including two whole time Directors, two official Directors (nominees of GoI and RBI), and three non-official, non-executive Directors. Meetings of the ACB are chaired by a non-executive Director. The constitution and quorum requirements, as per RBI guidelines, are complied with meticulously. During the year, eight meetings of ACB were held to review the various matters connected with the internal control, systems and procedures and other aspects as required in terms of RBI guidelines. Table: 14 Dates of the Meetings of ACB held & Attendance of Directors during 2009-10 Meetings held : 8 Dates of the Meetings : 08.05.2009, 18.06.2009, 29.07.2009, 17.09.2009, 30.10.2009, 03.12.2009 25.01.2010, 26.03.2010 Shri R. Sridharan, Managing Director & Group Executive (A&S) and Shri S. Venkatachalam, Director attended all the eight Meetings. Dates of attendance of other Directors are as below: Name of the Director No.of No. of Dates (*through Meetings Meetings videoconference) held after attended nomination/ election during tenure Shri S.K. Bhattacharyya 8 7 08.05.2009, 18.06.2009, 9.07.2009, 17.09.2009, 30.10.2009, 3.12.2009, 26.03.2010 Shri Dileep C. Choksi 8 7 08.05.2009, 18.06.2009, 9.07.2009, 17.09.2009, 30.10.2009, 3.12.2009, 25.01.2010 Dr. Ashok jhunjhunwala 8 6 08.05.2009, 29.07.2009, 17.09.2009, 30.10.2009, 3.12.2009, 26.03.2010 Shri Ashok Chawla(w.e.f 13th May 2009) 7 - - Smt. Shyamala Gopinath 8 4 08.05.2009*, 18.06.2009, 03.12.2009, 25.01.2010 Risk Management Committee of the Board The Risk Management Committee of the Board (RMCB) was constituted on the 23rd March 2004, to oversee the policy and strategy for integrated risk management relating to credit risk, market risk and operational risk. The Committee was last

reconstituted on the 9th May 2009 with six members. The Managing Director & Chief Credit and Risk Officer is the Chairman of the Committee. RMCB meets a minimum of four times a year, once in each quarter. During 2009-10, four meetings of the RMCB were held. Table: 15 Dates of the Meetings of RMCB held & Attendance of Directors during 2009-10 Meetings held : 4 Dates of the Meetings : 22.05.2009, 09.07.2009, 19.11.2009, 13.01.2010 Name of the Director No.of No. of Dates Meetings Meetings held after attended nomination/ election during tenure Shri S.K. Bhattacharyya 4 3 22.05.2009, 19.11.2009, 13.01.2010 Shri R. Sridharan 4 3 09.07.2009, 19.11.2009, 13.01.2010 Dr. Ashok Jhunjhunwala 4 3 22,05.2009, 09.07.2009, 19.11.2009 Shri Dileep C. Choksi 4 4 22.05.2009, 09.07.2009, 19.11.2009, 13.01.2010 Dr. (Mrs.) Vasantha Bharucha 4 3 22.05.2009, 09.07.2009, 13.01.2010 Dr. Rajiv Kumar 4 2 22.05.2009,09.07.2009 Shareholders'/Investors' Grievance Committee of the Board In pursuance of Clause 49 of the Listing Agreement with the Stock Exchange, Shareholders'/Investors' Grievance Committee of the Board (SIGCB) was formed on the 30th January 2001, to look into the redressal of shareholders' and investors' complaints regarding transfer of shares, non-receipt of annual report, non-receipt of interest on bonds/declared dividends, etc. The Committee was last reconstituted on the 9th May 2009 with five members and is chaired by a non-executive Director. The Committee met four times during 2009-10 and. reviewed the position of complaints. Table: 16 Dates of the Meetings of SIGCB held & Attendance of Directors during 2009-10 Meetings held : 4 Dates of the Meetings : 30.05.2009, 30.07.2009, 31.10.2009, 03.02.2010 Name of the Director No.of No. of Dates Meetings Meetings held after attended nomination/ election during tenure Shri S.K. Bhattacharyya 4 3 30.05.2009, 30.07.2009, 31.10.2009 Shri R. Sridharan 4 4 30.05.2009, 30.07.2009, 31.10.2009, 03.02.2010 Dr. Deva Nand Balodhi 4 4 30.05.2009, 30.07.2009, 31.10.2009, 03.02.2010 Shri D. Sundaram 4 2 31.10.2009, 03.02.2010 Prof Md. Salahuddin Ansari 4 3 30.05.2009, 30.07.2009, 03.02.2010 Number of shareholders' complaints received so far (during the year)': 274 Number of complaints not solved to the satisfaction of shareholders : NIL Number of Pending Complaints : NIL Name and designation of Compliance officer: Shri Shyamal Sinha, General Manager (Compliance) Special Committee of the Board for Monitoring of Large Value Frauds (Rs.1 crore and above) The Special Committee for monitoring .of Large Value Frauds (Rs.1 crore and above) was constituted the 20th March 2004. The major functions of the Committee are to monitor and review all large value frauds with a view to identifying systemic lacunae, if any, reasons for delay in detection and reporting, if any, monitoring progress of CBI/ Police investigation, recovery position, ensuring that staff accountability exercise is completed quickly, reviewing the efficacy of remedial action taken to prevent recurrence of frauds and putting in place suitable preventive measures. The Committee was last reconstituted on the 9th May 2009 with seven members. The Managing Director & Chief Credit and Risk Officer is the Chairman of the Committee. The Committee met four times during 2009-10. Table: 17 Dates of the Meetings of SCBMF held & Attendance of Directors during 2009-10 Meetings held : 4 Dates of the Meetings : 18.06.2009, 22.08.2009, 11.12.2009, 19.03.2010 Name of the Director No.of No. of Dates Meetings Meetings held after attended nomination/ election during tenure

Shri S.K. Bhattacharyya 4 4 18.06.2009, 22.08.2009, 11.12.2009, 19.03.2010 Shri R. Sridharan 4 4 18.06.2009, 22.08.2009, 11.12.2009, 19.03.2010 Shri Dileep C. Choksi 4 1 18.06.2009 Shri S. Venkatachalam 4 4 18.06.2009, 22.08.2009, 11.12.2009, 19.03.2010 Dr. Deva Nand Balodhi 4 4 18.06.2009, 22.08.2009, 11.12.2009, 19.03.2010 Prof Md. Salahuddin Ansari 4 1 19.03.2010 Shri D. Sundaram 4 3 18.06.2009, 22.08.2009, 19.03.2010 Customer Service Committee of the Board The Customer Service Committee of the Board was constituted on the 26th August 2004, to bring about ongoing improvements on a continuous basis in the quality of customer service provided by the Bank. The Committes was last reconstituted on the 9th May 2009 with six members. The Managing Director & Chief Credit and Risk Officer is the Chairman of the Committee. During the year 2009-10, four meetings of the Committee were held. Table: 18 Dates of the Meetings of CSCB held & Attendance of Directors during 2009-10 Meetings held : 4 Dates of the Meetings : 18.06.2009, 31.07.2009, 30.10.2009, 03.02.2010 Name of the Director No.of No. of Dates Meetings Meetings held after attended nomination/ election during tenure Shri S.K. Bhattacharyya 4 3 18.06.2009, 31.07.2009, 30.10.2009 Shri R. Sridharan 4 4 18.06.2009, 31.07.2009, 30.10.2009, 03.02.2010 Dr. Deva Nand Balodhi 4 4 18.06.2009, 31.07.2009, 30.10.2009, 03.02.2010 Prof Md. Salahuddin Ansari 4 2 31.07.2009, 03.02.2010 Dr. (Mrs.) Vasantha Bharucha 4 3 18.06.2009, 31.07.2009, 03.02.2010 Shri S. Venkatachalam 4 4 18.06.2009, 31.07.2009, 30.10.2009, 03.02.2010 Technology Committee of the Board The Technology Committee of the Board was constituted on 26th August 2004, for tracking the progress of the Bank's IT initiatives. he Committee was last reconstituted on the 9th May 2009 with six members and is chaired by a non-executive Director. The Committee met seven times during 2009-10. Remuneration Committee of the Board The Remuneration Committee was constituted on 22nd March 2007, for evaluating the performance of Whole Time Directors of the Bank in connection with the payment of incentives, as per the scheme advised by Government of India in March 2007. The Committee was last reconstituted on 9th May 2009. The Committee has four members consisting of (i) the Government Nominee Director, (ii) the RBI Nominee Director and (iii) two other Directors Dr. Ashok Jhunjhunwala and Shri S. Venkatachalam. The Committee scrutinized and recommended payment of incentives to whole time Directors for the year ended 31.03.2009. Local Boards At every center where the Bank has a Local Head Office (LHO), Local Boards / Committees of Local Boards are constituted, in terms of the provisions of SBI Act and Regulations. The Local Boards exercise such powers and perform such other functions and duties delegated to them by the Central Board. Some members have been nominated by the Central Government under Section 21(1)(c) of the Act to Local Boards at eleven LHOs. Attendance of the Annual General Meeting The Annual General Meeting for the year 20,08-09, held on the 19th June 2009, was attended by 9 directors, viz., Shri O.P.

Bhatt, Shri S.K. Bhattacharyya, Shri R, Sridharan, Dr. Ashok Jhunjhunwala, Dr. Deva Nand Balodhi, Dr. (Mrs.) Vasantha Bharucha, Shri Dileep C. Choksi, Shri D. Sundaram and Shri S. Venkatachalam. Table: 19 Dates of the Meetings of TCB held & Attendance of Directors during 2009-10 Meetings held : 7 Dates of the Meetings : 23.04.2009, 07.05.2009, 27.06.2009, 06.08.2009, 17.09.2009, 10.10.2009, 26.03.2010 Name of the Director No.of No. of Dates Meetings Meetings held after attended nomination/ election during tenure Shri S.K. Bhattacharyya 7 7 23.04.2009, 07.05.2009, 27.06.2009, 06.08.2009, 17.09.2009, 10.10.2009, 26.03.2010 Shri R. Sridharan 7 6 07.05.2009, 27.06.2009, 06.08.2009, 17.09.2009, 10.10.2009, 26.03.2010 Dr. Ashok Jhunjhunwala 7 7 23.04.2009, 07.05.2009, 27.06.2009, 06.08.2009, 17.09.2009, 10.10.2009, 26.03.2010 Dr. (Mrs.) Vasantha 7 7 23.04.2009, 07.05.2009, Bharucha 27.06.2009, 06.08.2009, 17.09.2009, 10.10.2009, 26.03.2010 Shri S. Venkatachalam 2 2 23.04.2009, 07.05.2009(upto 08.05.2009) Shri D. Sundaram 5 5 27.06.2009, 06.08.2009, (from 09.05.2009) 17.09.2009, 10.10.2009, 26.03.2010 Dr. Rajiv Kumar 5 - - Annual General Meetings The Annual General Meeting of the shareholders of the Bank for 2008-09 was held on the 19th June 2009, for 2007-08 on the 11st June 2008, for 2006-07 on the 25th June 2007, for 2005-06 on the 30th June 2006, for 2004-05 on the 30th June 2005 and for 2003-04 on the A July 2004. All these meetings were held at Mumbai. Sitting Fees The remuneration of the whole-time Directors and the sitting fees paid to the non-executive Directors for attending the meetings of the Board / Committees of the Board are as prescribed by GoI from time to time. The Directors are given a sitting fee of Rs.5,000/- for attending every Central Board meeting and Rs.2,500/- for attending a meeting of a Board-level Committee. Sitting fees are, however, not paid to the Chairman and Managing Directors of the Bank and GoI Nominee / RBI Nominee Directors. Details of sitting fees paid during the year 2009-10 are placed in Annexure-IV. Disclosure The Bank has not entered into any materially significant related party transactions with its Promoters, Directors, or Management, their subsidiaries or relatives, etc., that may have potential conflict with the interests of the Bank at large. The Bank has complied with applicable rules and regulations prescribed by stock exchanges, SEBI, RBI or any other statutory authority relating to the capital markets during the last three years. No penalties or strictures have been imposed by them on the Bank. Vigilance guidelines of the Bank are in place, which provide that the Bank's staff may have direct access to the Bank's Chief Vigilance Officer. The guidelines also protect any staff acting as the informer' from any punitive action for being a whistleblower. The Bank has complied in all respects with the requirements of Clause 49 of the Listing Agreement with the Stock Exchanges, to the extent that the requirements of the Clause do not violate the provisions of State Bank of India Act 1955, the Rules and Regulations made thereunder, and guidelines or directives issued by the Reserve Bank of India. Salary and Allowances paid to the Chairman and Managing Directors in 2009-10 Basic DA Incentives Others/ Total Rs. Rs. Rs. Arrears Remuneration Rs. Rs. ChairmanShri. O. P Bhatt(01.04.2009-31.03.2010) 960000.00 261600.00 700000.00 729806.00 2651406.00 Managing DirectorsShri. S. K.Bhattacharyya(01.04.2009-31.03,2010) 935415.00 254895.00 600000.00 346369.50 2136679 .50 Shri R. Sridharan(01.04.2009-31.03.2010) 910500.00 248100.00 193000.00 120924.00 1472524.00 Mandatory requirements of Clause 49 as to the composition of the Board of Directors, composition and quorum of the Audit Committee, Non-executive directors' compensation, the appointment, re-appointment of the Statutory Auditors and fixation of their fees are not binding on the Bank, as separate provisions in the State Bank of India Act, SBI General Regulations and the Reserve Bank of India guidelines deal with the same. The Bank has complied with all applicable nonmandatory requirements of Clause 49, except for sending half-yearly declaration

of financial performance and summary of significant events to the households of shareholders, since detailed information on the same is posted on the website of the Bank. Compliance with Bank's Code of Conduct The Directors on the Bank's Central Board and Senior Management have affirmed compliance with the Bank's Code of Conduct for the financial year 2009-10. Declaration to this effect signed by the Chairman is placed in Annexure-V. The Code is posted on the Bank's website. Means of Communication The Bank strongly believes that all stakeholders should have access to complete information on its activities, performance and product initiatives. Annual, half-yearly and quarterly results of the Bank for the year 2009-10 were published in the leading newspapers of the country. The results were also displayed on the Bank's website (www.sbi.co.in and www.statebankofindia.com). The Annual Report is sent to all shareholders of the Bank. The Bank's website displays, interalia, official news releases of the Bank, the Bank's Annual Report and Half-yearly report, and details of various product offerings. Every year, after the annual and half-yearly results are declared, a Press-meet is held on the same day, in which the Chairman makes a presentation and answers the queries of the media. This is followed by another meeting to which a number of investment analysts are invited. Details of the Bank's performance are discussed with the analysts in the meeting. After declaring quarterly results, press notifications are issued. General Shareholder Information: The Annual General Meeting of the Shareholders: Date: 16.06.2010, Time 3.30 p.m. Venue: 'Yashwantrao Chavan Centre', General Jagannath Bhosale Marg, Nariman Point, Mumbai 400 021. Financial Calendar : 01.4.2009 to 31.03.2010 Book Closure Period : 11.06.2010 to 16.06.2010 Interim Dividend paid@ Rs.10.00 per Share on : 11.03.2010 Final Dividend @ Rs.20.00per Share Payment Date : 12.07.2010 Listing on Stock Exchanges : Mumbai, Ahmedabad, Kolkata, New Delhi, Chennai and National Stock Exchange, Mumbai. [GDRs listed on London Stock Exchange (LSE)] Listing fees have been paid upto date to all Stock Exchanges including LSE. Stock Code : 500112 (BSE) SBIN (NSE) Depository Participation : The National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd. (CSDL) are the depositories holding the Bank's shares in demat form. Electronic Clearing : Dividend on SBI shares is also being paid through various electronic modes Registrar and Transfer : M/s DatamaticsAgent and their Address Financial Services Limited, Unit State Bank of India, Plot A-16 & 17, MIDC, Part B, Cross Lane, Marol, Andheri (E), Mumbai 400 093. Phone Numbers : 022-6671 2198/99 022-6671 2201 to 6671 2203 E-mail address : [email protected] Fax : (022) 6671 2204 Share Transfer System : Through R&T Agent Outstanding GDR : 1,12,43,045 (GDR) as on 31-03-2010 representing 2,24,86,090 shares Address for : State Bank of IndiaCorrespondence Shares & Bonds Department, Central Office, 3rd Floor, Varma Chambers, 11 Homji Street, Horniman Circle, Fort, Mumbai 400 001. Telephones : (022) 2263 3462 To 2263 3468 Fax : (022) 2263 3470 & 2263 3471 E-mail address : [email protected] investomomplaints@sbixodn Share Price Movement: The movement of the share price and the BSE Sensex / NSE Nifty is presented in the following Tables. The market capitalisation of the Bank's Shares had a weightage of 4.47% in BSE Sensex and 3.51% in NSE Nifty as on 31.03.2010.

Table: 20 Market Price Data (Closing Values) Months SBI's Share Price BSE Sensex at BSE (Rs.) High Low High Low Apr-09 1355.00 980.00 11492.10 9546.29May-09 1891.00 1225.00 14930.54 11621.30Jun-09 1935.00 1612.00 15600.30 14016.95Jul-09 1840.00 1512.00 15732.81 13219.99Aug-09 1886.90 1670.00 16002.46 14684.45SOP-09 2235.00 1710.10 17142.52 15356.72Oct-09 2500.00 2048.20 17493.17 15805.20Nov-09 2394.00 2059.10 17290.48 15330.56Dec-09 2374.75 2126.20 17530.94 16577.78Jan-10 2315.25 1957.00 17790.33 15982.08Feb-10 2059.95 1863.00 16669.25 15651.99Mar-10 2120.05 1978.00 17793.01 16438.45 Table: 21 Market Price Data (Closing Values) Months SBI's Share Price NSE NIFTY at NSE (Rs.) High Low High Low Apr-09 1355.00 1023.30 3517.25 2965.70May-09 1892.15 1219.45 4509.40 3478.70Jun-09 2039.70 1598.95 4693.20 4143.25Jul-09 1839.90 1510.60 4669.75 3918.75Aug-09 1888.00 1670.00 4743.75 4353.45Sep-09 2219.00 1715.00 5087.60 4576.60Oct-09 2500.00 2047.00 5181.95 4687.50Nov-09 2384.50 2057.40 5138.00 4538.50Dec-09 2375.00 2125.25 5221.85 4942.25Jan-10 2315.00 1955.05 5310.85 4766.00Feb-10 2148.00 1863.10 4992.00 4675.40Mar-10 2121.95 1974.20 5329.55 4935.35 Investors' Needs: To meet various requirements of the investors regarding their holdings, the Bank has a full-fledged Department - Shares & Bonds Department - at Mumbai and Shares & Bonds Cells at the 14 Local Head Offices. The investors' grievances, whether received at the Bank's offices or at the office of the Registrar and Transfer Agents, are redressed expeditiously and monitored at the Top Management level. Table : 22 Distribution of Shareholdings (As on 31-03-2010) Shareholders % of shares held President of India 59.41% Non-residents (FIIs/OCBs/NRIs/GDRs) 13.77% State Govt. (s)/Financial Institutionsincluding Insurance Companies/Banks 12.97% Mutual Funds/GovernmentCompanies/UTI 4.35% Domestic companies/Pvt. CorporateBodies/Trusts 3.38% Others including Resident individuals 6.12% No. of Shareholders 729737 No. of Shares in dematerialised form (62,21,16,771) 97.99% Table: 23 Top Ten Shareholders of the Bank (As on 31-03-2010) Name of the Holder Equity held (%) 1. President of India 59.41 2. Life Insurance Corp. of India & Group 11.83

3. The Bank of New York Mellon (GDRs) 3.54 4. HSBC Global Investment Funds A/cHSBC Global Investment FundsMauritius Ltd. 0.91 5. Europacific Growth Fund 0.77 6. Goldman SACHS Investments(Mauritius) Ltd. 0.65 7. Bajaj Allianz Life Insurance Co. Ltd. 0.61 8. General Insurance Corporation of India 0.54 9. Janus Overseas Fund 0.41 10. Copthall Mauritius Investment Ltd. 0.32 Annexure I Brief Resumes of the Non-Executive Directors on the Board as on 31st March 2010 Dr. Ashok Jhunjhunwala(Date of Birth: 22nd June 1953) Dr. Ashok Jhunjhunwala is a Director elected by the Shareholders u/s 19(c) of SBI Act, w.e.f. 24th June 2008, for three years. He is a Professor of the Department of Electrical Engineering, and leads the Telecommunications and Computer Network Group (TeNeT) at IIT, Chennai, that is working closely with industry in the development of a number of Telecom and Computer Network Systems. Shri Dileep C. Choksi(Date of Birth: 26th December 1949) Shri Dileep C. Choksi is a Director elected by the Shareholders u/s 19(c) of SBI Act, w.e.f. 24th June 2008, for three years. He is a practising Chartered Accountant since 35 years and is associated with the Audit and Assurance function. He has been a visiting faculty at Bankers Training College, Reserve Bank of India and Jamnalal Bajaj Institute of Management Studies, Mumbai. Shri S. Venkatachalam(Date of Birth: 8th November 1944) Shri S. Venkatachalam is a Director elected by the Shareholders u/s 19(c) of SBI Act, w.e.f. 24th June 2008, for three years. He is a practising Chartered Accountant and was employed with Citi Group and Citi bank NA India Organisation in the Senior Management Cadre for a period of 30 years in various capacities. Shri D. Sundaram(Date of Birth: 16th April 1953) Shri D. Sundaram is a Director elected by the Shareholders u/s 19(c) of SBI Act, w.e.f. 13th January 2009, for the residual period of the vacancy caused by Shri Suman Kumar Bery's resignation, Le upto 23rd June 2011. He is Vice Chairman and Managing Director of TVS Capital Funds Limited. He is a professionally qualified Accountant (FICWA) and carries a rich experience in the area of Finance and Accounting. He held many important positions in Hindustan Unilever Ltd. (HUL) group as Vice-Chairman & CFO, Corporate Accountant, Commercial Manager and Treasurer, Finance Member, TOMCO Integration Team, and Finance Director, Brooke Bond Lipton India Ltd. He had also held various positions in Unilever Ltd., London as Commercial Officer for Africa and Middle East and Senior Vice President - Finance, Central and Middle East Group. Dr. Deva Nand Balodhi(Date of Birth: 14th July 1946) Dr. Deva Nand Balodhi is a Director nominated by the Central Government u/s 19(d) of the SBI Act, w.e.f. 9th July 2007, for three years or till the appointment of his successor, whichever is later (maximum six years). He is a journalist. Prof. Md. Salahuddin Ansari(Date of Birth: 30th July 1946) Prof. Md. Salahuddin Ansari is a Director nominated by the Central Government u/s 19(d) of the SBI Act, w.e.f. 9th July 2007, for three years or till the appointment of his successor, whichever is later (maximum six years). He is an Academician. Dr. (Mrs.) Vasantha Bharucha(Date of Birth: 7th October 1944) Dr. Vasantha Bharucha is a Director nominated by the Central Government u/s 19(d) of the SBI Act, w.e.f. 25th February 2008, for three years or till the appointment of her successor, whichever is later (maximum six years). She is a reputed economist and an international consultant with UN organizations. She was economic advisor in the Ministry of Commerce & Industry during policy liberalization. She was also Resident Director of the trade promotion office in the US and Executive Director of the National Centre for Trade Information. Dr. Rajiv Kumar(Date of Birth: 6th July 1951)

Dr. Rajiv Kumar is a Director nominated by the Central Government u/s 19(d) of the SBI Act, w.e.f. 8th September 2008. He is an eminent economist having completed his DPhil from New College, Oxford University. He is presently the Director and Chief Executive of ICRIER, the country's leading policy think tank and Member (Part time) of Telecom Regulatory Authority of India. Earlier, he was a member of National Security Advisory Board, Chief Economist of Confederation of Indian Industry (CII) and with the Asian Development Bank. Shri As hok Chawla(Date of Birth: 8th January 1951) Shri Ashok Chawla is a Director u/s 19(e) of SBI Act (nominated by Govt. of India), w.e.f. 13th May 2009. Shri Ashok Chawla is Finance Secretary, Ministry of Finance, Govt. of India. Smt. Shyamala Gopinath(Date of Birth: 20th June 1949) Smt. Shyamala Gopinath is a Director u/s 19(f) of SBI Act (nominated by Reserve Bank of India), w.e.f. 28th September 2004. Smt. Gopinath is Deputy Governor, Reserve Bank of India. Annexure II Total Number of Memberships@/Chairmanships@ held by the Directors on the Boards/Board-level Committees of the Bank/other Companies as on 31.03.2010 Name of Director Occupation & Appointed to Number of Companies Address Board since /Committees 1. Shri O.P Bhatt Chairman 26.04.2006 Chairman 21 No.5, Dunedin, (Appointed as Director 02 J.M.Mehta Road, Chairman w.e.f. Mumbai 400 006. 01.07.2006) 2. Shri S.K. Managing Director 08.10.2007 Director 1Bhattacharyya M-2, Kinnellan Committee Member 2 Towers 100A, Napean Sea Road, Mumbai 400 006 3. Shri Managing Director 05.12.2008 Director 11R. Sridharan M-1, Kinnellan Chairman of Towers, 100A, Committee 1 Napean Sea Road, Committee Member 9 Mumbai 400 006 Non-Executive Directors 4. Dr. Ashok Professor, Telecom 24.06.2008 Director 8jhunjhunwala & Networks (TeNeT) Chairman of 1 Group Department Committee of Electrical Committee 5 Engineering, Member IIT Madras, Chennai - 600 036 5. Shri Dileep Chartered 24.06.2008 Director 8C. Choksi Accountant C3 Advisors Pvt Ltd Chairman of Mafatlal House Committee 4 Backbay Reclamation Committee Member 3 Mumbai-400 021 6. Shri Retired Bank 24.06.2008 Director 4S. Venkatachalam Executive Building Committee B-1, Flat 1-D Member 2 (First Floor) Harbour Heights, NA Sawant Marg, Colaba Mumbai - 400 005 7. Shri Vice Chairman & 13.01.2009 Director 5D. Sundaram Managing Director, Chairman 3 TVS Capital Funds Ltd. Member 1 IL&FS Financial Centre, Quadrant B, 2nd Floor, BKC, Bandra (E), Mumbai 400 051 8. Dr. Deva Nand journalist 09.07.2007 Director 1 Balodhi 669, 11 Floor, Chairman of Military Road, Committee 1 Anand Parvat, New Delhi 110 091 9. Prof. Md. Academician, 09.07.2007 Director 1Salahuddin Ansari 7 Khalasi Mohalla Committee Madhupur, . P.O. Member 1 Madhupur Dist. Deoghar, Jharkhand 815353 10. Dr. (Mrs.) Economist 25.02.2008 Director 1Vasantha Bharucha C-11/2450 Vasant Kunj New Delhi 110 070 11. Dr. Rajiv Kumar Director & CEO 08.09.2008 Director 2 Indian Council for Research on International Economic Relations (ICRIER), Care 6 A', 4th Floor, India Habitat Center, Lodhi Road, New Delhi 110 003 12. Shri Ashok Secretary 13.05.2009 Director 4Chawla (GOI (Finance), Ministry Committee Nominee) of Finance Member 1 Government of India (Banking Division), Jeevan Deep Bldg. Parliament Street, New Delhi 110 001 13. Smt. Shyamala Deputy Governor 28.09.2004 Director 4Gopinath (Reserve RBI, Central Committee Bank of India Office Member 1Nominee) Mint Road Mumbai 400 001 @ Only Memberships/Chairmanships of Audit Committee and Shareholders'/Investors' Grievance Committee are reckoned in due compliance with para 1 (C) (ii) Clause 49 of the Listing Agreement with Stock Exchange. Ann exure III Details of shareholding of Directors on the Bank's Central Board as on 31.03.2010

Name of Director No. of Shares 1. Shri O.P. Bhatt 1240 2. Shri S.K. Bhattacharyya 682 3. Shri R. Sridharan 300 4. Dr. Ashok Jhunjhunwala 630 5. Shri Dileep C. Choksi 500 6. Shri S. Venkatachalam 500 7. Shri D. Sundaram 26408. Dr. Deva Nand Balodhi Nil 9. Prof. Md. Salahuddin Ansari Nil10. Dr. (Mrs.) Vasantha Bharucha Nil 11. Dr. Rajiv Kumar Nil 12. Shri Ashok Chawla 60 13. Smt. Shyamala Gopinath Nil Annexure IV Details of Sitting Fees paid to Directors for attending Meetings of the Central Board and Board-level Committees during 2009-10 Name of Director Central Board ECCB Other Total Committees @ Rs. 5,000% @ Rs.2,500% @ Rs.2,500% 1. Dr. Ashok Jhunjhunwala 40,000/- 42,500/- 40,000/- 1,22,500/- 2. Shri Dileep C. Choksi 30,000/- 65,000/- 30,000/- 1,25,000/- 3. Shri S. Venkatachalam 50,000/- 1,22,500/- 45,000/- 2,17,500/- 4. Shri D. Sundaram 45,000/- 70,000/- 25,000/- 1,40,000/- 5. Dr. Deva Nand Balodhi 50,000/- 72,500/- 30,000/- 1,52,500/- 6. Prof. Md. Salahuddin Ansari 40,000/- 32,500/- 15,000/- 87,500/- 7. Dr. (Mrs.) Vasantha Bharucha 50,000/- 60,000/- 32,500/- 1,42,500/- 8. Dr. Rajiv Kumar 20,000/- 15,000/- 5,000/- 40,000/- ANNEXURE V STATE BANK OF INDIA DECLARATION AFFIRMATION OF COMPLIANCE WITH THE BANK'S CODE OF CONDUCT I declare that all Board Members and Senior Management have affirmed compliance with the Bank's Code of Conduct for the Financial Year 2009-10. Sd/-(O.P. BHATT)CHAIRMAN 8th April 2010 AUDITORS' CERTIFICATE ON CORPORATE GOVERNANCE To The Shareholders ofState Bank of India We have examined the compliance of conditions of Corporate Governance by State Bank of India, for the year ended on 31st March 2010, as stipulated in Clause 49 of the Listing Agreement of State Bank of India with Stock Exchanges in India. The compliance of the conditions of Corporate Governance is the responsibility of the Management. Our examination was carried out in accordance with the Guidance Note on Certification of Corporate Governance, issued by the Institute of Chartered Accountants of India and was limited to procedures and implementation thereof, adopted by State Bank of India for ensuring the compliance of the conditions of Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of State Bank of India. In our opinion and to the best of our information and according to the explanations given to us, we certify that State Bank of India has, in all material respects, complied with the conditions of Corporate Governance as stipulated in the above-mentioned Listing Agreement. We state that no investor grievances are pending for a period exceeding one month against State Bank of India as per records maintained by the Shareholders/ Investors Grievance Committee. We further state that such compliance is neither an assurance as to the future viability of State Bank of India nor the efficiency or effectiveness with which the management has conducted the affairs of the State Bank of India. For and on behalf ofDagliya & Co.Chartered Accountants (P. Manohara Gupta)PartnerMembership No. 16444 Place: Kolkata Date : 14th May, 2010

EQUITY RESEARCH

NPA at 2% by 2005?

The State Bank of India has seen a 100% rise in its share price over the last one year. The 52-week low was recorded at Rs. 222, whereas now it trades around Rs. 460. The fortunes of the Indian banking industry have been gradually looking up, and, of late, punters have started taking note of the same. Three things that immensely helped Indian banks last year were the reduction in interest rates, the Securitisation Act and voluntary retirement schemes. When interest rates go down, banks do realise a lower interest on advances made by them, but the corresponding savings in interest paid out by them on deposits is much higher. They also make huge profits trading on government securities, as they possess hordes of the older, higher-interest bearing instruments.

SBI, along with its seven associates, accounts for a quarter of all deposits and advances made in the country’s banking sector. Their 13,590 branches reach the remotest parts of the country. While the bank itself concentrates on hardcore banking, its subsidiaries have made a mark in other areas of finance like capital markets, mutual funds, security trading, insurance, factoring and credit card services. But for a monolith of such massive dimensions, still under government control, SBI has moved with surprising alacrity to exploit every opportunity.

SBI recorded a rise of 28% in its bottom line to Rs 3105 crore for the full year ended March 2003. The results were mainly driven by stable spreads, higher non-interest income and containment of operating expenses. The bank has held fast against the general pressure on interest margin in the banking industry. The earning per share (EPS) works out to Rs 59. The book value (BV) stands at Rs 326.87 and the adjusted BV is about Rs 209.

Cashing in on the falling interest rates, SBI’s treasury department went on over-drive. The profit from sales of investments rose by 382% to Rs 1694.60 crore. The total investments increased 19% to Rs 172347.90 crore. This rise in treasury income is godsend for the bank to wash off past sins. SBI provided Rs 2727.88 crore for writing off non-performing assets (NPAs). This brought down the gross NPA ratio to 9.3% from 11.9%, while the net NPA percentage declined to 4.5% from 5.6% over the year. Further, under the recent Securitisation Act, the bank has issued several notices to defaulters. The bank is expected to be among the biggest beneficiaries of the Act. SBI has also identified 19 accounts amounting to Rs 3000 crore to be transferred to the proposed assets restructuring company.

While treasury income helped in cleansing the balance sheet, falling interest rates aided in widening current spreads. The interest income rose 4% to Rs 31087.02 crore, while the interest expenses climbed only 2% to Rs 21109.46 crore, thus, improving the net interest margin. Going ahead, SBI expects most of its high cost deposits and borrowing to get re-priced at substantially lower interest rates. Significantly, the bank is hopeful of retaining 35- 40% of the Resurgent India Bonds which are due for redemption in October 2003, in various forms of deposits at lower interest rates. This will result in higher savings in interest cost.

For FY 2004, SBI is targeting a deposit and advances growth of 18% and 16%, respectively. The bank also wishes to bring down the net NPA ratio to below 2% by 2005. There are no plans to introduce a second round of VRS as about 35,000 employees will be retiring in the next two years and it plans to effectively redeploy the existing staff into other areas for generating higher fee-based income. The excellent monsoons should help SBI the most, as it has an intensive coverage of rural India.

A the current price of Rs 438 SBI enjoys a P/E of only 6 on projected FY 2004 EPS. If SBI were to really keep its 2005 date with a 2% NPA level, its share price has ample way to go up.

State Bank of India: Financials0003 0103 0203 0303 0403(P)

Interest Earned 22200.93 26138.59 29810.09 31087.02 31708.76Interest Expended 15272.58 17756.02 20728.84 21109.46 20898.37Net Interest Income 6928.35 8382.57 9081.25 9977.56 10810.40Other Income 3569.32 3883.04 4174.48 5740.26 6888.31Net Total Income 10497.67 12265.61 13255.73 15717.82 17698.71Operating Expenses 6295.17 7855.63 7210.90 7942.42 8657.24Profit Before Prov. 4202.50 4409.98 6044.83 7775.40 9041.47Provisions & Cont. 1010.97 1391.53 2345.69 2507.89 2884.07Profit Before EO 3191.53 3018.45 3699.14 5267.51 6157.40Extraordinary Item 0.00 -443.19 0.00 0.00 0.00Profit Before Tax 3191.53 2575.26 3699.14 5267.51 6157.40Taxation 1139.98 971.00 1267.52 2162.51 2401.38Net Profit 2051.55 1604.26 2431.62 3105.00 3756.01EPS*(Rs) 39 35.7 46.2 59 71.4* Annualised on current equity of Rs 526.30 crore. Face Value: Rs 10EO:- Extraordinary item representing one time IMD issue expensesFigures in Rs crore; (P): Projections;

Source: Capitaline 2000

Issues OpenSC Code Company

Issue Size (Rs. Cr)

Opens Closes Offer Price

List Price Var(%)

Subscription

Upto 1000

Above 1000 Total

Issues ClosedSC

Code Company Issue Size (Rs. Cr) Opens Closes Offer

PriceList

Price Var(%)Subscription

Upto 1000

Above 1000 Total

533317

Omkar Speciality Chemicals Ltd(Book Built Portion)

79.38 24-Jan-2011 27-Jan-2011 98 - NA - - 4

500470 Tata Steel Ltd(Book Built Portion)

3477.00 19-Jan-2011 21-Jan-2011 610 630.15 3.30 - - 6

533310

Midvalley Entertainment Ltd(Book Built Portion)

60.00 10-Jan-2011 12-Jan-2011 70 73 4.29 - - 4

533304

C Mahendra Exports Ltd(Book Built Portion)

165.00 31-Dec-2010 06-Jan-2011 110 111 .91 - - 3

533301 Shekhawati Poly-Yarn Ltd 36.00 27-Dec-2010 29-Dec-2010 30 32.5 8.33 - - 7

533295

Punjab & Sind Bank(Book Built Portion)

480.00 13-Dec-2010 16-Dec-2010 120 146.1 21.75 - - 50

533292

A2Z Maintenance & Engineering Services Ltd(Book Built Portion)

776.31 08-Dec-2010 10-Dec-2010 400 390 -2.50 - - 1

533294

Ravikumar Distilleries Ltd(Book Built Portion)

73.60 08-Dec-2010 10-Dec-2010 64 64 .00 - - 2

523598

Shipping Corporation of India Ltd(Book Built Portion)

1185.67 30-Nov-2010 03-Dec-2010 140 136.9 -2.21 - - 5

533286 MOIL Ltd(Book Built Portion)

1260.00 26-Nov-2010 01-Dec-2010 375 551 46.93 - - 56

533288 Claris Lifesciences Ltd

288.02 24-Nov-2010 02-Dec-2010 228 224.4 -1.58 - - 1

(Book Built Portion)

533284

RPP Infra Projects Ltd(Book Built Portion)

48.75 18-Nov-2010 22-Nov-2010 75 75 .00 - - 2

532898

Power Grid Corporation of India Ltd(Book Built Portion)

7575.91 09-Nov-2010 12-Nov-2010 90 95 5.56 - - 15

533282 Gravita India Ltd(Book Built Portion)

45.00 01-Nov-2010 03-Nov-2010 125 218.75 75.00 - - 42

533278 Coal India Ltd(Book Built Portion)

15475.09 18-Oct-2010 21-Oct-2010 245 287.75 17.45 - - 15

533275 Gyscoal Alloys Ltd(Book Built Portion)

54.67 13-Oct-2010 15-Oct-2010 71 76.6 7.89 - - 9

533274

Prestige Estates Projects Ltd(Book Built Portion)

1200.00 12-Oct-2010 14-Oct-2010 183 190 3.83 - - 2

533276

BS Transcomm Ltd(Book Built Portion)

190.45 06-Oct-2010 13-Oct-2010 248 251 1.21 - - 1

533273 Oberoi Realty Ltd(Book Built Portion)

1028.61 06-Oct-2010 08-Oct-2010 260 280 7.69 - - 10

533272

Commercial Engineers & Body Builders Company Ltd(Book Built Portion)

172.41 30-Sep-2010 05-Oct-2010 127 122.8 -3.31 - - 2

533270

Bedmutha Industries Ltd(Book Built Portion)

91.80 28-Sep-2010 01-Oct-2010 102 114.4 12.16 - - 8

533268

Sea TV Network Ltd(Book Built Portion)

50.20 27-Sep-2010 29-Sep-2010 100 120 20.00 - - 11

533271

Ashoka Buildcon Ltd(Book Built Portion)

225.00 24-Sep-2010 28-Sep-2010 324 333.55 2.95 - - 15

533266

Tecpro Systems Ltd(Book Built Portion)

268.03 23-Sep-2010 28-Sep-2010 355 399.4 12.51 - - 20

533267

Cantabil Retail India Ltd(Book Built Portion)

105.00 22-Sep-2010 27-Sep-2010 135 133.8 -.89 - - 2

533269

Va Tech Wabag Ltd(Book Built Portion)

472.59 22-Sep-2010 27-Sep-2010 1310 1655 26.34 - - 32

533265 Gallantt Ispat Ltd 40.50 22-Sep-2010 24-Sep-2010 50 48.9 -2.20 - - 1533263 Orient Green

Power Company 900.00 21-Sep-2010 24-Sep-2010 47 45.7 -2.77 - - 1

Ltd(Book Built Portion)

533262

Ramky Infrastructure Ltd(Book Built Portion)

530.00 21-Sep-2010 23-Sep-2010 450 450 .00 - - 3

533264

Electrosteel Steels Ltd(Book Built Portion)

248.07 21-Sep-2010 24-Sep-2010 11 12.35 12.27 - - 7

533259

Microsec Financial Services Ltd(Book Built Portion)

147.50 17-Sep-2010 21-Sep-2010 118 135.1 14.49 - - 12

533261

Eros International Media Ltd(Book Built Portion)

350.00 17-Sep-2010 21-Sep-2010 175 213.35 21.91 - - 25

533260

Career Point Infosystems Ltd(Book Built Portion)

115.10 16-Sep-2010 21-Sep-2010 310 461 48.71 - - 41

533258 Tirupati Inks Ltd(Book Built Portion)

51.50 14-Sep-2010 17-Sep-2010 43 53.95 25.47 - - 9

533257 Indosolar Ltd(Book Built Portion)

357.00 13-Sep-2010 15-Sep-2010 29 29.75 2.59 - - 1

533248

Gujarat Pipavav Port Ltd(Book Built Portion)

553.85 23-Aug-2010 26-Aug-2010 46 56.25 22.28 - - 19

533239

Prakash Steelage Ltd(Book Built Portion)

68.75 05-Aug-2010 10-Aug-2010 110 118.55 7.77 - - 5

533229 Bajaj Corp Ltd(Book Built Portion)

297.00 02-Aug-2010 05-Aug-2010 660 730 10.61 - - 16

533228

SKS Microfinance Ltd(Book Built Portion)

1653.97 28-Jul-2010 02-Aug-2010 985 1036 5.18 - - 11

532178

Engineers India Ltd(Book Built Portion)

977.12 27-Jul-2010 30-Jul-2010 290 315 8.62 - - 13

533220

Midfield Industries Ltd(Book Built Portion)

59.85 19-Jul-2010 21-Jul-2010 133 159.4 19.85 - - 13

533217

Hindustan Media Ventures Ltd(Book Built Portion)

270.00 05-Jul-2010 07-Jul-2010 166 170 2.41 - - 5

533216

Technofab Engineering Ltd(Book Built Portion)

71.76 29-Jun-2010 02-Jul-2010 240 265 10.42 - - 13

533219 Aster Silicates Ltd(Book Built Portion)

53.10 24-Jun-2010 28-Jun-2010 118 127.7 8.22 - - 5

533211 Parabolic Drugs 200.00 14-Jun-2010 17-Jun-2010 75 76 1.33 - - 1


580001

Standard Chartered PLC(Book Built Portion)

2496.00 25-May-2010 28-May-2010 104 105 .96 - - 2

533207

Jaypee Infratech Ltd(Book Built Portion)

2273.92 29-Apr-2010 04-May-2010 102 93 -8.82 - - 1

533206 SJVN Ltd(Book Built Portion)

1079.00 29-Apr-2010 03-May-2010 26 28 7.69 - - 7

533204

Mandhana Industries Ltd(Book Built Portion)

107.90 27-Apr-2010 29-Apr-2010 130 132.7 2.08 - - 5

533203

Tarapur Transformers Ltd(Book Built Portion)

63.75 26-Apr-2010 28-Apr-2010 75 75 .00 - - 2

533202 Nitesh Estates Ltd(Book Built Portion)

405.00 23-Apr-2010 27-Apr-2010 54 50 -7.41 - - 1

533200

Talwalkars Better value Fitness Ltd(Book Built Portion)

77.44 21-Apr-2010 23-Apr-2010 128 138 7.81 - - 28

533189

Goenka Diamond & Jewels Ltd(Book Built Portion)

126.51 23-Mar-2010 26-Mar-2010 135 130 -3.70 - - 1

533181

Intrasoft Technologies Ltd(Book Built Portion)

53.65 23-Mar-2010 26-Mar-2010 145 140 -3.45 - - 18

533180

Shree Ganesh Jewellery House Ltd(Book Built Portion)

371.02 19-Mar-2010 23-Mar-2010 260 258.85 -.44 - - 2

533179

Persistent Systems Ltd(Book Built Portion)

168.01 17-Mar-2010 19-Mar-2010 310 400 29.03 - - 93

533178

Pradip Overseas Ltd(Book Built Portion)

116.60 11-Mar-2010 15-Mar-2010 110 120 9.09 - - 14

533177

IL&FS Transportation Networks Ltd(Book Built Portion)

700.00 11-Mar-2010 15-Mar-2010 258 287 11.24 - - 36

526371 NMDC Ltd(Book Built Portion)

9967.30 10-Mar-2010 12-Mar-2010 300 295.7 -1.43 - - 1

533176

DQ Entertainment International Ltd(Book Built Portion)

128.38 08-Mar-2010 10-Mar-2010 80 135 68.75 - - 70

533171 United Bank of India

330.00 23-Feb-2010 25-Feb-2010 66 77 16.67 - - 33


532955

Rural Electrification Corporation Ltd(Book Built Portion)

3486.16 19-Feb-2010 23-Feb-2010 203 230 13.30 - - 3

533169

Man Infraconstruction Ltd(Book Built Portion)

141.75 18-Feb-2010 22-Feb-2010 252 335 32.94 - - 63

533164

Texmo Pipes & Products Ltd(Book Built Portion)

45.00 16-Feb-2010 19-Feb-2010 90 101.5 12.78 - - 7

533162

Hathway Cable & Datacom Ltd(Book Built Portion)

666.00 09-Feb-2010 11-Feb-2010 240 246 2.50 - - 1

533163

ARSS Infrastructure Projects Ltd(Book Built Portion)

103.00 08-Feb-2010 11-Feb-2010 450 640 42.22 - - 51

532555 NTPC Ltd(Book Built Portion)

8286.69 03-Feb-2010 05-Feb-2010 201 204 1.49 - - 1

533161

Emmbi Polyarns Ltd(Book Built Portion)

38.96 01-Feb-2010 03-Feb-2010 45 45.5 1.11 - - 1

533160 D B Realty Ltd(Book Built Portion)

1500.00 29-Jan-2010 02-Feb-2010 468 430 -8.12 - - 3

533157

Syncom Healthcare Ltd(Book Built Portion)

56.25 27-Jan-2010 29-Jan-2010 75 88 17.33 - - 5

533158

Thangamayil Jewellery Ltd(Book Built Portion)

28.75 27-Jan-2010 29-Jan-2010 75 70 -6.67 - - 1

533156

Vascon Engineers Ltd(Book Built Portion)

178.20 27-Jan-2010 29-Jan-2010 165 170 3.03 - - 1

533159 Aqua Logistics Ltd(Book Built Portion)

151.20 25-Jan-2010 02-Feb-2010 220 219.4 -.27 - - 2

533155

Jubilant Foodworks Ltd(Book Built Portion)

328.72 18-Jan-2010 20-Jan-2010 145 161.6 11.45 - - 27

511607

Birla Shloka Edutech Ltd(Book Built Portion)

34.78 11-Jan-2010 13-Jan-2010 50 49 -2.00 - - 1

533154

Infinite Computer Solutions India Ltd(Book Built Portion)

189.80 11-Jan-2010 13-Jan-2010 165 178.35 8.09 - - 36

533151 D B Corp Ltd(Book Built

385.31 11-Dec-2009 15-Dec-2009 212 250 17.92 - - 33

Portion)

533150

Godrej Properties Ltd(Book Built Portion)

462.06 09-Dec-2009 11-Dec-2009 490 510 4.08 - - 4

533148 JSW Energy Ltd(Book Built Portion)

2698.21 07-Dec-2009 09-Dec-2009 100 102 2.00 - - 2

533152

MBL Infrastructures Ltd(Book Built Portion)

102.60 27-Nov-2009 01-Dec-2009 180 190 5.56 - - 2

533144 Cox & Kings Ltd(Book Built Portion)

610.39 18-Nov-2009 20-Nov-2009 330 304.1 -7.85 - - 6

533138

Astec Lifesciences Ltd(Book Built Portion)

61.50 29-Oct-2009 04-Nov-2009 82 85.55 4.33 - - 1

533137 Den Networks Ltd(Book Built Portion)

362.06 28-Oct-2009 30-Oct-2009 195 195 .00 - - 1

533122

Indiabulls Power Ltd(Book Built Portion)

1758.15 12-Oct-2009 15-Oct-2009 45 44.95 -.11 - - 16

533121

Thinksoft Global Services Ltd(Book Built Portion)

45.58 22-Sep-2009 01-Oct-2009 125 100 -20.00 - - 2

533109

Euro Multivision Ltd(Book Built Portion)

66.00 22-Sep-2009 24-Sep-2009 75 70 -6.67 - - 1

533107

Pipavav Shipyard Ltd(Book Built Portion)

495.61 16-Sep-2009 18-Sep-2009 58 60.05 3.53 - - 7

533106 Oil India Ltd(Book Built Portion)

2777.25 07-Sep-2009 10-Sep-2009 1050 1019 -2.95 - - 31

533104 Globus Spirits Ltd(Book Built Portion)

75.00 31-Aug-2009 02-Sep-2009 100 110 10.00 - - 1

533103 Jindal Cotex Ltd(Book Built Portion)

93.40 27-Aug-2009 01-Sep-2009 75 75 .00 - - 2

533098 NHPC Ltd(Book Built Portion)

6038.55 07-Aug-2009 12-Aug-2009 36 39 8.33 - - 24

533096 Adani Power Ltd(Book Built Portion)

3016.52 28-Jul-2009 31-Jul-2009 100 105 5.00 - - 18

533093 Raj Oil Mills Ltd(Book Built Portion)

114.00 20-Jul-2009 23-Jul-2009 120 125.05 4.21 - - 1

533090 Excel Infoways Ltd(Book Built Portion)

48.17 14-Jul-2009 17-Jul-2009 85 93.05 9.47 - - 2

533088

Mahindra Holidays & Resorts India Ltd(Book Built Portion)

277.96 23-Jun-2009 26-Jun-2009 300 315 5.00 - - 9

533083

Rishabhdev Technocable Ltd(Book Built Portion)

29.70 04-Jun-2009 09-Jun-2009 33 42 27.27 - - 7

533055

Edserv Softsystems Ltd(Book Built Portion)

23.84 05-Feb-2009 09-Feb-2009 60 55 -8.33 - - 1

533029 Alkali Metals Ltd(Book Built Portion)

26.27 07-Oct-2008 15-Oct-2008 103 90 -12.62 - - 1

533026 Chemcel Biotech Ltd 24.64 09-Sep-2008 12-Sep-2008 16 16 .00 - - 2

533022 20 Microns Ltd(Book Built Portion)

23.93 08-Sep-2008 11-Sep-2008 55 50 -9.09 - - 4

533017

Resurgere Mines & Minerals India Ltd(Book Built Portion)

120.15 11-Aug-2008 13-Aug-2008 270 272.05 .76 - - 1

533016

Greenearth Resources & Projects Ltd(Book Built Portion)

142.30 07-Aug-2008 13-Aug-2008 196 206 5.10 - - 1

533015 Nu Tek India Ltd(Book Built Portion)

86.40 29-Jul-2008 01-Aug-2008 192 201.1 4.74 - - 2

533011 Coral Hub Ltd(Book Built Portion)

41.85 21-Jul-2008 24-Jul-2008 150 150 .00 - - 1

533006

Birla Cotsyn India Ltd(Book Built Portion)

144.18 30-Jun-2008 09-Jul-2008 14 14.7 5.00 - - 1

533001 Somi Conveyor Beltings Ltd 21.80 24-Jun-2008 27-Jun-2008 35 37.65 7.57 - - 2

532997

KSK Energy Ventures Ltd(Book Built Portion)

830.66 23-Jun-2008 25-Jun-2008 240 220 -8.33 - - 1

532998

Lotus Eye Care Hospital Ltd(Book Built Portion)

38.00 12-Jun-2008 20-Jun-2008 38 35 -7.89 - - 1

532994

Archidply Industries Ltd(Book Built Portion)

48.96 11-Jun-2008 17-Jun-2008 74 74.55 .74 - - 1

532996

First Winner Industries Ltd(Book Built Portion)

68.75 09-Jun-2008 17-Jun-2008 125 125 .00 - - 1

532995 Avon Corporation Ltd 13.73 09-Jun-2008 12-Jun-2008 10 13.9 39.00 - - 32

532993 Sezal Glass Ltd(Book Built Portion)

105.73 09-Jun-2008 12-Jun-2008 115 110 -4.35 - - 9

532989 Bafna Pharmaceuticals Ltd

25.60 27-May-2008 30-May-2008 40 43.8 9.50 - - 5

532986 Niraj Cement Structurals Ltd

61.75 26-May-2008 30-May-2008 190 185 -2.63 - - 2


532981

Anu's Laboratories Ltd(Book Built Portion)

80.22 12-May-2008 15-May-2008 210 260 23.81 - - 8

532980

Gokul Refoils and Solvent Ltd(Book Built Portion)

139.59 08-May-2008 13-May-2008 195 203.45 4.33 - - 4

532975

Aishwarya Telecom Ltd(Book Built Portion)

14.00 15-Apr-2008 17-Apr-2008 35 50.1 43.14 - - 19

532967

Kiri Dyes & Chemicals Ltd(Book Built Portion)

56.25 25-Mar-2008 02-Apr-2008 150 151 .67 - - 1

532966

Titagarh Wagons Ltd(Book Built Portion)

128.72 24-Mar-2008 27-Mar-2008 540 550 1.85 - - 7

532961

Sita Shree Food Products Ltd(Book Built Portion)

31.50 11-Mar-2008 14-Mar-2008 30 30 .00 - - 2

532959

Gammon Infrastructure Projects Ltd(Book Built Portion)

276.39 10-Mar-2008 13-Mar-2008 167 180 7.78 - - 3

532955

Rural Electrification Corporation Ltd(Book Built Portion)

1639.26 19-Feb-2008 22-Feb-2008 105 125 19.05 - - 27

532953

V-Guard Industries Ltd(Book Built Portion)

65.60 18-Feb-2008 21-Feb-2008 82 82.15 .18 - - 2

532951

GSS America Infotech Ltd(Book Built Portion)

139.90 11-Feb-2008 15-Feb-2008 400 400 .00 - - 1

532948

Tulsi Extrusions Ltd(Book Built Portion)

48.45 01-Feb-2008 05-Feb-2008 85 93.45 9.94 - - 2

532947

IRB Infrastructure Developers Ltd(Book Built Portion)

944.57 31-Jan-2008 05-Feb-2008 185 170.05 -8.08 - - 4

532950 Manjushree Technopack Ltd 23.07 31-Jan-2008 06-Feb-2008 45 48 6.67 - - 1

532945 Shriram EPC Ltd(Book Built Portion)

150.00 29-Jan-2008 01-Feb-2008 300 290 -3.33 - - 4

532946

Bang Overseas Ltd(Book Built Portion)

72.45 28-Jan-2008 31-Jan-2008 207 207 .00 - - 1

532942 KNR Constructions Ltd(Book Built

133.87 24-Jan-2008 29-Jan-2008 170 180 5.88 - - 1

Portion)

532944

OnMobile Global Ltd(Book Built Portion)

479.62 24-Jan-2008 29-Jan-2008 440 440 .00 - - 11

532941

Cords Cable Industries Ltd(Book Built Portion)

41.65 21-Jan-2008 24-Jan-2008 135 130 -3.70 - - 5

532940

J Kumar Infraprojects Ltd(Book Built Portion)

71.50 18-Jan-2008 23-Jan-2008 110 100 -9.09 - - 2

532939

Reliance Power Ltd(Book Built Portion)

11700.00 15-Jan-2008 18-Jan-2008 450 547.8 21.73 - - 62

532938

Future Capital Holdings Ltd(Book Built Portion)

491.34 11-Jan-2008 16-Jan-2008 765 1044 36.47 - - 132

532934

Precision Pipes & Profiles Company Ltd(Book Built Portion)

75.00 17-Dec-2007 20-Dec-2007 150 160 6.67 - - 11

532932 Manaksia Ltd(Book Built Portion)

248.00 17-Dec-2007 19-Dec-2007 160 200 25.00 - - 9

532933

Porwal Auto Components Ltd(Book Built Portion)

37.50 17-Dec-2007 20-Dec-2007 75 79.85 6.47 - - 1

532935 Aries Agro Ltd(Book Built Portion)

58.50 14-Dec-2007 19-Dec-2007 130 150 15.38 - - 7

532929

Brigade Enterprises Ltd(Book Built Portion)

648.36 10-Dec-2007 13-Dec-2007 390 399.7 2.49 - - 11

532928

Transformers & Rectifiers India Ltd(Book Built Portion)

139.27 07-Dec-2007 12-Dec-2007 465 701.1 50.77 - - 90

532930

BGR Energy Systems Ltd(Book Built Portion)

438.53 05-Dec-2007 12-Dec-2007 480 801 66.88 - - 115

532927

eClerx Services Ltd(Book Built Portion)

101.00 04-Dec-2007 07-Dec-2007 315 320 1.59 - - 30

532931 Burnpur Cement Ltd 26.28 28-Nov-2007 03-Dec-2007 12 18.45 53.75 - - 15

532926

Jyothy Laboratories Ltd(Book Built Portion)

305.69 22-Nov-2007 27-Nov-2007 690 799 15.80 - - 45

532925

Kaushalya Infrastructure Development Corpn Ltd(Book Built Portion)

51.00 20-Nov-2007 23-Nov-2007 60 67.9 13.17 - - 6

532923

Renaissance Jewellery Ltd(Book Built Portion)

79.86 19-Nov-2007 21-Nov-2007 150 190 26.67 - - 23

532924

Kolte Patil Developers Ltd(Book Built Portion)

275.51 19-Nov-2007 22-Nov-2007 145 220 51.72 - - 46

532922

Edelweiss Capital Ltd(Book Built Portion)

691.86 15-Nov-2007 20-Nov-2007 825 1443.75 75.00 - - 110

532920

Empee Distilleries Ltd(Book Built Portion)

192.00 01-Nov-2007 06-Nov-2007 400 400 .00 - - 7

532921

Mundra Port & Special Economic Zone Ltd(Book Built Portion)

1771.00 01-Nov-2007 07-Nov-2007 440 770 75.00 - - 115

532915

Religare Enterprises Ltd(Book Built Portion)

140.16 29-Oct-2007 01-Nov-2007 185 323.75 75.00 - - 159

532916

Barak Valley Cements Ltd(Book Built Portion)

23.77 29-Oct-2007 01-Nov-2007 42 65 54.76 - - 28

532917 Varun Industries Ltd 54.00 25-Oct-2007 31-Oct-2007 60 105 75.00 - - 36

532919 Allied Computers International (Asia) Ltd

6.00 19-Oct-2007 23-Oct-2007 12 21 75.00 - - 31

532918 Rathi Bars Ltd 25.00 18-Oct-2007 23-Oct-2007 35 38 8.57 - - 2

532913 Circuit Systems (India) Ltd 14.86 27-Sep-2007 05-Oct-2007 35 42 20.00 - - 6

532907 Maytas Infra Ltd(Book Built Portion)

327.45 27-Sep-2007 04-Oct-2007 370 480 29.73 - - 67

532905 Saamya Biotech (India) Ltd 15.00 25-Sep-2007 28-Sep-2007 10 17.5 75.00 - - 17

532904

Supreme Infrastructure India Ltd(Book Built Portion)

37.53 21-Sep-2007 26-Sep-2007 108 189 75.00 - - 51

532901

Koutons Retail India Ltd(Book Built Portion)

146.26 18-Sep-2007 21-Sep-2007 415 515 24.10 - - 45

532902

Consolidated Construction Consortium Ltd(Book Built Portion)

188.70 18-Sep-2007 21-Sep-2007 510 801 57.06 - - 81

532903

Dhanus Technologies Ltd(Book Built Portion)

113.13 10-Sep-2007 12-Sep-2007 295 300.2 1.76 - - 28

532898 Power Grid Corporation of India Ltd(Book Built

2984.45 10-Sep-2007 13-Sep-2007 52 85 63.46 - - 65

Portion)

532899

Kaveri Seed Company Ltd(Book Built Portion)

68.00 06-Sep-2007 11-Sep-2007 170 201.15 18.32 - - 4

532896

Magnum Ventures Ltd(Book Built Portion)

52.92 27-Aug-2007 30-Aug-2007 30 36.95 23.17 - - 3

505426 Birla Machining & Toolings Ltd 18.03 27-Aug-2007 03-Sep-2007 45 43 -4.44 - - 1

532894

Indowind Energy Ltd(Book Built Portion)

81.25 21-Aug-2007 24-Aug-2007 65 80.25 23.46 - - 1

532892

Motilal Oswal Financial Services Ltd(Book Built Portion)

246.07 20-Aug-2007 23-Aug-2007 825 999 21.09 - - 27

532889 K P R Mill Ltd(Book Built Portion)

133.02 02-Aug-2007 07-Aug-2007 225 201.2 -10.58 - - 1

532890 Take Solutions Ltd(Book Built Portion)

153.30 01-Aug-2007 07-Aug-2007 730 876 20.00 - - 58

532891

Puravankara Projects Ltd(Book Built Portion)

858.70 31-Jul-2007 08-Aug-2007 400 399 -.25 - - 2

532888

Asian Granito India Ltd(Book Built Portion)

67.90 26-Jul-2007 31-Jul-2007 97 100.15 3.25 - - 4

532886

SEL Manufacturing Company Ltd(Book Built Portion)

37.25 26-Jul-2007 31-Jul-2007 90 87.9 -2.33 - - 3

532885

Central Bank of India(Book Built Portion)

816.00 24-Jul-2007 27-Jul-2007 102 130.1 27.55 - - 61

532884 Refex Refrigerants Ltd 24.70 23-Jul-2007 26-Jul-2007 65 69.1 6.31 - - 8

532881

IVRCL Assets & Holdings Ltd(Book Built Portion)

778.25 23-Jul-2007 26-Jul-2007 550 500 -9.09 - - 5

532883 Zylog Systems Ltd(Book Built Portion)

126.00 20-Jul-2007 25-Jul-2007 350 525 50.00 - - 76

532882

Omnitech Infosolutions Ltd(Book Built Portion)

35.00 19-Jul-2007 25-Jul-2007 105 183.75 75.00 - - 71

532880 Omaxe Ltd(Book Built Portion)

551.69 17-Jul-2007 20-Jul-2007 310 400 29.03 - - 68

532878

Alpa Laboratories Ltd(Book Built Portion)

64.60 12-Jul-2007 17-Jul-2007 68 60 -11.76 - - 1

532877 Simplex Projects 55.50 10-Jul-2007 13-Jul-2007 185 323.75 75.00 - - 84


532876

Everonn Education Ltd(Book Built Portion)

50.00 05-Jul-2007 11-Jul-2007 140 245 75.00 - - 146

532875

Allied Digital Services Ltd(Book Built Portion)

85.93 02-Jul-2007 05-Jul-2007 190 332.5 75.00 - - 60

532873

Housing Development & Infrastructure Ltd(Book Built Portion)

1485.00 28-Jun-2007 03-Jul-2007 500 567.5 13.50 - - 6

500048 BEML Ltd(Book Built Portion)

526.75 27-Jun-2007 03-Jul-2007 1075 1199 11.53 - - 30

532874

Surya Chakra Power Corporation Ltd(Book Built Portion)

68.00 25-Jun-2007 29-Jun-2007 20 30 50.00 - - 2

532863

Spice Communications Ltd(merged)(Book Built Portion)

520.31 25-Jun-2007 27-Jun-2007 46 55.75 21.20 - - 38

532174 ICICI Bank Ltd(Book Built Portion)

8898.38 19-Jun-2007 22-Jun-2007 940 995 5.85 - - 10

532871 Celestial Biolabs Ltd 30.00 18-Jun-2007 22-Jun-2007 60 70 16.67 - - 3

532870

Ankit Metal & Power Ltd(Book Built Portion)

42.84 18-Jun-2007 22-Jun-2007 36 37.9 5.28 - - 1

532869 Roman Tarmat Ltd(Book Built Portion)

50.75 12-Jun-2007 19-Jun-2007 175 295 68.57 - - 30

532867 Vishal Retail Ltd(Book Built Portion)

110.00 11-Jun-2007 13-Jun-2007 270 472.5 75.00 - - 76

532868 DLF Ltd(Book Built Portion)

9187.50 11-Jun-2007 14-Jun-2007 525 582 10.86 - - 3

532864 Nelcast Ltd(Book Built Portion)

95.27 04-Jun-2007 08-Jun-2007 219 252.05 15.09 - - 7

532865

Meghmani Organics Ltd(Book Built Portion)

102.00 04-Jun-2007 07-Jun-2007 19 33.25 75.00 - - 26

532858

Decolight Ceramics Ltd(Book Built Portion)

43.45 24-May-2007 29-May-2007 54 57 5.56 - - 2

532856

Time Technoplast Ltd(Book Built Portion)

123.53 18-May-2007 23-May-2007 315 415.55 31.92 - - 49

532854 Nitin Fire Protection

64.41 15-May-2007 18-May-2007 190 332.5 75.00 - - 48

Industries Ltd(Book Built Portion)

532853

Asahi Songwon Colors Ltd(Book Built Portion)

33.50 09-May-2007 15-May-2007 90 93 3.33 - - 2

532857 Glory Polyfilms Ltd 39.46 09-May-2007 15-May-2007 48 50 4.17 - - 1

532851

Insecticides India Ltd(Book Built Portion)

36.92 07-May-2007 11-May-2007 115 105 -8.70 - - 1

532849 Binani Cement Ltd(Book Built Portion)

153.75 07-May-2007 10-May-2007 75 75 .00 - - 1

532850

MIC Electronics Ltd(Book Built Portion)

76.50 30-Apr-2007 08-May-2007 150 210.25 40.17 - - 50

532845

Bhagwati Banquets & Hotels Ltd(Book Built Portion)

92.00 18-Apr-2007 25-Apr-2007 40 46.35 15.88 - - 1

532847 Hilton Metal Forging Ltd 38.15 18-Apr-2007 24-Apr-2007 70 75 7.14 - - 1

532843

Fortis Healthcare Ltd(Book Built Portion)

496.76 16-Apr-2007 20-Apr-2007 108 105 -2.78 - - 3

532840 Advanta India Ltd(Book Built Portion)

216.32 26-Mar-2007 30-Mar-2007 640 640 .00 - - 3

532835 ICRA Ltd(Book Built Portion)

85.18 20-Mar-2007 23-Mar-2007 330 525 59.09 - - 73

532837

Orbit Corporation Ltd(Book Built Portion)

100.10 20-Mar-2007 23-Mar-2007 110 90 -18.18 - - 4

532836

Sancia Global Infraprojects Ltd(Book Built Portion)

59.00 08-Mar-2007 19-Mar-2007 86 92 6.98 - - 1

532827

Page Industries Ltd(Book Built Portion)

100.94 23-Feb-2007 27-Feb-2007 360 341.9 -5.03 - - 1

532831

Abhishek Corporation Ltd(Book Built Portion)

41.00 20-Feb-2007 01-Mar-2007 100 94 -6.00 - - 1

532828

AMD Industries Ltd(Book Built Portion)

76.25 15-Feb-2007 23-Feb-2007 75 65.1 -13.20 - - 5

532825 Jagjanani Textiles Ltd 20.25 15-Feb-2007 23-Feb-2007 25 22.4 -10.40 - - 2

532830 Astral Poly Technik Ltd 34.17 14-Feb-2007 22-Feb-2007 115 115 .00 - - 2

532826

Raj Television Network Ltd(Book Built Portion)

91.70 14-Feb-2007 23-Feb-2007 257 275 7.00 - - 2

532821 Indus Fila Ltd(Book Built Portion)

82.34 12-Feb-2007 14-Feb-2007 170 160 -5.88 - - 1

532818

Evinix Industries Ltd(Book Built Portion)

42.00 12-Feb-2007 15-Feb-2007 120 110 -8.33 - - 3

532822 Idea Cellular Ltd(Book Built Portion)

2125.00 12-Feb-2007 15-Feb-2007 75 92.4 23.20 - - 50

532816

Broadcast Initiatives Ltd(Book Built Portion)

102.60 09-Feb-2007 14-Feb-2007 120 117 -2.50 - - 2

532819 Mindtree Ltd(Book Built Portion)

237.72 09-Feb-2007 14-Feb-2007 425 599 40.94 - - 103

532824

Vijayeswari Textiles Ltd(Book Built Portion)

90.00 08-Feb-2007 19-Feb-2007 100 90.05 -9.95 - - 1

532817

Oriental Trimex Ltd(Book Built Portion)

48.00 08-Feb-2007 14-Feb-2007 48 42 -12.50 - - 1

532820

Mudra Lifestyle Ltd(Book Built Portion)

86.22 08-Feb-2007 14-Feb-2007 90 94.8 5.33 - - 4

532823 Euro Ceramics Ltd(Book Built Portion)

92.75 07-Feb-2007 13-Feb-2007 165 151 -8.48 - - 3

532829 Lawreshwar Polymers Ltd 13.94 05-Feb-2007 08-Feb-2007 16 15.9 -.62 - - 9

532813

C & C Constructions Ltd(Book Built Portion)

124.24 05-Feb-2007 09-Feb-2007 291 350 20.27 - - 20

532815

SMS Pharmaceuticals Ltd(Book Built Portion)

97.93 05-Feb-2007 08-Feb-2007 380 349.9 -7.92 - - 3

532814 Indian Bank(Book Built Portion)

782.15 05-Feb-2007 09-Feb-2007 91 105 15.38 - - 32

532810

Power Finance Corporation Ltd(Book Built Portion)

997.19 31-Jan-2007 06-Feb-2007 85 104 22.35 - - 77

532809

Firstsource Solutions Ltd(Book Built Portion)

443.52 29-Jan-2007 02-Feb-2007 64 75.1 17.34 - - 49

532812

Transwarranty Finance Ltd(Book Built Portion)

31.20 23-Jan-2007 02-Feb-2007 52 60 15.38 - - 2

532805

Redington India Ltd(Book Built Portion)

149.51 22-Jan-2007 25-Jan-2007 113 140 23.89 - - 43

532804 Technocraft Industries (India)

87.36 18-Jan-2007 23-Jan-2007 105 125 19.05 - - 11


532807 Cinemax India Ltd(Book Built Portion)

138.26 18-Jan-2007 24-Jan-2007 155 175 12.90 - - 42

532808

House of Pearl Fashions Ltd(Book Built Portion)

329.17 16-Jan-2007 23-Jan-2007 550 500 -9.09 - - 4

532800

IBN18 Broadcast Ltd(Book Built Portion)

105.00 15-Jan-2007 18-Jan-2007 250 417.1 66.84 - - 50

532799 Ackruti City Ltd(Book Built Portion)

361.80 15-Jan-2007 19-Jan-2007 540 701.35 29.88 - - 81

532803

Pochiraju Industries Ltd(Book Built Portion)

37.57 15-Jan-2007 18-Jan-2007 30 45 50.00 - - 5

532797

Autoline Industries Ltd(Book Built Portion)

75.00 08-Jan-2007 12-Jan-2007 225 261.15 16.07 - - 19

532801 Cambridge Technology Enterprises Ltd

24.00 29-Dec-2006 09-Jan-2007 38 48.9 28.68 - - 6

532793

Shree Ashtavinayak Cine Vision Ltd(Book Built Portion)

59.65 14-Dec-2006 20-Dec-2006 160 189.9 18.69 - - 6

532796 Lumax Auto Technologies Ltd 22.59 14-Dec-2006 21-Dec-2006 75 75.5 .67 - - 3

532790

Tanla Solutions Ltd(Book Built Portion)

420.95 11-Dec-2006 14-Dec-2006 265 379.8 43.32 - - 35

532791

Pyramid Saimira Theatre Ltd(Book Built Portion)

84.44 11-Dec-2006 18-Dec-2006 100 135 35.00 - - 17

532792 Cairn India Ltd(Book Built Portion)

5260.79 11-Dec-2006 15-Dec-2006 160 140 -12.50 - - 1

532787

Ess Dee Aluminium Ltd(Book Built Portion)

156.60 04-Dec-2006 08-Dec-2006 225 260 15.56 - - 32

532789 Nissan Copper Ltd(Book Built Portion)

25.00 04-Dec-2006 08-Dec-2006 39 40 2.56 - - 5

532788 XL Energy Ltd(Book Built Portion)

59.35 04-Dec-2006 07-Dec-2006 150 177.1 18.07 - - 8

507598 KLRF Ltd 14.30 27-Nov-2006 01-Dec-2006 55 55.5 .91 - - 1

532783 L T Foods Ltd(Book Built Portion)

39.40 27-Nov-2006 30-Nov-2006 56 60 7.14 - - 7

532785

Ruchira Papers Ltd(Book Built Portion)

28.50 23-Nov-2006 29-Nov-2006 23 24.35 5.87 - - 3

532784

Sobha Developers Ltd(Book Built Portion)

569.17 23-Nov-2006 29-Nov-2006 640 1111.25 73.63 - - 114

524184 Gulshan Sugars & Chemicals Ltd(merged)

26.40 22-Nov-2006 28-Nov-2006 40 37 -7.50 - - 1

532781

Blue Bird (India) Ltd(Book Built Portion)

92.14 16-Nov-2006 22-Nov-2006 105 109 3.81 - - 5

532780

Parsvnath Developers Ltd(Book Built Portion)

997.14 06-Nov-2006 10-Nov-2006 300 540 80.00 - - 56

532777

Info Edge (India) Ltd(Book Built Portion)

170.36 30-Oct-2006 02-Nov-2006 320 480 50.00 - - 55

531845 Zenith Birla (India) Ltd 131.00 16-Oct-2006 20-Oct-2006 55 47.6 -13.45 - - 1

532772

Development Credit Bank Ltd(Book Built Portion)

185.90 29-Sep-2006 06-Oct-2006 26 35.35 35.96 - - 35

532773

Global Vectra Helicorp Ltd(Book Built Portion)

64.75 29-Sep-2006 06-Oct-2006 185 175 -5.41 - - 4

532770

Hanung Toys and Textiles Ltd(Book Built Portion)

90.25 28-Sep-2006 05-Oct-2006 95 122 28.42 - - 9

532774 Accel Frontline Ltd(Book Built Portion)

42.27 28-Sep-2006 05-Oct-2006 75 77.9 3.87 - - 2

532771

JHS Svendgaard Laboratories Ltd(Book Built Portion)

38.86 26-Sep-2006 04-Oct-2006 58 60.25 3.88 - - 3

532767

Gayatri Projects Ltd(Book Built Portion)

85.55 26-Sep-2006 29-Sep-2006 295 333 12.88 - - 6

532768

Fiem Industries Ltd(Book Built Portion)

56.17 21-Sep-2006 27-Sep-2006 137 145 5.84 - - 3

532766 Richa Industries Ltd 27.00 13-Sep-2006 19-Sep-2006 30 30.95 3.17 - - 2

532764

Geecee Ventures Ltd(Book Built Portion)

80.00 11-Sep-2006 14-Sep-2006 81 90 11.11 - - 7

532765 Usher Agro Ltd 18.02 05-Sep-2006 11-Sep-2006 15 19.35 29.00 - - 2

532761 HOV Services Ltd(Book Built Portion)

81.00 04-Sep-2006 07-Sep-2006 200 200 .00 - - 3

532762

Action Construction Equipments Ltd(Book Built Portion)

59.80 01-Sep-2006 07-Sep-2006 130 200 53.85 - - 34

532759 Atlanta Ltd 64.50 01-Sep-2006 07-Sep-2006 150 170 13.33 - - 9


532760 Deep Industries Ltd 40.68 29-Aug-2006 04-Sep-2006 36 49 36.11 - - 1

532758 K E W Industries Ltd 21.00 28-Aug-2006 01-Sep-2006 30 35.5 18.33 - - 3

532757

Voltamp Transformers Ltd(Book Built Portion)

168.49 24-Aug-2006 29-Aug-2006 345 399 15.65 - - 17

532755 Tech Mahindra Ltd(Book Built Portion)

465.23 01-Aug-2006 04-Aug-2006 365 525 43.84 - - 70

532754

GMR Infrastructure Ltd(Book Built Portion)

800.88 31-Jul-2006 04-Aug-2006 210 215 2.38 - - 7

532749

Allcargo Global Logistics Ltd(Book Built Portion)

140.33 01-Jun-2006 06-Jun-2006 675 519.8 -22.99 - - 8

532748 Prime Focus Ltd(Book Built Portion)

100.00 25-May-2006 03-Jun-2006 417 374 -10.31 - - 1

532746

Unity Infraprojects Ltd(Book Built Portion)

232.40 19-May-2006 24-May-2006 675 650 -3.70 - - 2

504903

Rathi Steel & Power Ltd(Book Built Portion)

98.00 19-May-2006 25-May-2006 50 37 -26.00 - - 1

521176

Gangotri Textiles Ltd(Book Built Portion)

55.00 18-May-2006 23-May-2006 41 37.8 -7.80 - - 1

532747

Kingfisher Airlines Ltd(Book Built Portion)

363.28 18-May-2006 26-May-2006 148 148.05 .03 - - 1

531120

Patel Engineering Ltd(Book Built Portion)

425.00 03-May-2006 09-May-2006 440 419.75 -4.60 - - 29

523890

D S Kulkarni Developers Ltd(Book Built Portion)

151.25 25-Apr-2006 03-May-2006 275 327.6 19.13 - - 30

532745 JRG Securities Ltd 14.50 17-Apr-2006 21-Apr-2006 40 55 37.50 - - 4

532743

Reliance Petroleum Ltd(merged)(Book Built Portion)

8100.00 13-Apr-2006 20-Apr-2006 60 101.95 69.92 - - 51

532739

Plethico Pharmaceuticals Ltd(Book Built Portion)

110.00 10-Apr-2006 17-Apr-2006 300 408 36.00 - - 25

532740

Lokesh Machines Ltd(Book Built Portion)

42.00 07-Apr-2006 13-Apr-2006 140 245 75.00 - - 19

532733 Sun TV Network 602.79 03-Apr-2006 07-Apr-2006 875 1111 26.97 - - 47


532741 Kamdhenu Ispat Ltd 32.00 03-Apr-2006 08-Apr-2006 25 34.75 39.00 - - 5

532391

Opto Circuits (India) Ltd(Book Built Portion)

108.00 31-Mar-2006 05-Apr-2006 270 392 45.19 - - 5

532737

Emkay Global Financial Services Ltd(Book Built Portion)

75.00 31-Mar-2006 07-Apr-2006 120 148 23.33 - - 8

532734

Godawari Power & Ispat Ltd(Book Built Portion)

70.43 28-Mar-2006 04-Apr-2006 81 90.25 11.42 - - 2

532735

R Systems International Ltd(Book Built Portion)

110.21 28-Mar-2006 31-Mar-2006 250 301 20.40 - - 3

532738

Tantia Constructions Ltd(Book Built Portion)

56.25 27-Mar-2006 31-Mar-2006 50 180 260.00 - - 77

517001 Birla Power Solutions Ltd 50.40 24-Mar-2006 29-Mar-2006 42 37.05 -11.79 - - 2

532736 Powersoft Global Solutions Ltd 11.88 23-Mar-2006 29-Mar-2006 22 25 13.64 - - 2

532732

Kewal Kiran Clothing Ltd(Book Built Portion)

80.60 20-Mar-2006 23-Mar-2006 260 299 15.00 - - 12

532729

Uttam Sugar Mills Ltd(Book Built Portion)

136.00 16-Mar-2006 21-Mar-2006 340 380 11.76 - - 5

532727

Adhunik Metaliks Ltd(Book Built Portion)

100.00 13-Mar-2006 17-Mar-2006 37 37 .00 - - 3

532725

Solar Industries India Ltd(Book Built Portion)

83.60 09-Mar-2006 13-Mar-2006 190 219.9 15.74 - - 14

532730 STL Global Ltd 60.00 09-Mar-2006 14-Mar-2006 60 70 16.67 - - 1

532731 Rohit Ferro Tech Ltd 50.84 07-Mar-2006 11-Mar-2006 30 50 66.67 - - 2

532728 Malu Paper Mills Ltd 20.00 06-Mar-2006 10-Mar-2006 30 31.9 6.33 - - 2

532726 Gallantt Metal Ltd 37.12 06-Mar-2006 10-Mar-2006 10 11.05 10.50 - - 2

532721 Visa Steel Ltd(Book Built Portion)

199.50 23-Feb-2006 27-Feb-2006 57 58.9 3.33 - - 6

532722 Nitco Ltd(Book Built Portion)

168.00 22-Feb-2006 27-Feb-2006 168 172 2.38 - - 5

532644 J K Cements Ltd(Book Built Portion)

296.00 21-Feb-2006 24-Feb-2006 148 155 4.73 - - 2

532720 Mahindra & Mahindra

400.00 21-Feb-2006 24-Feb-2006 200 241 20.50 - - 27

Financial Services Ltd(Book Built Portion)

532719

B.L.Kashyap & Sons Ltd(Book Built Portion)

188.38 20-Feb-2006 23-Feb-2006 685 749.9 9.47 - - 14

532718

Pratibha Industries Ltd(Book Built Portion)

51.42 16-Feb-2006 22-Feb-2006 120 146 21.67 - - 21

532715 Gitanjali Gems Ltd(Book Built Portion)

331.50 16-Feb-2006 21-Feb-2006 195 215 10.26 - - 15

532081

K Sera Sera Productions Ltd(Book Built Portion)

34.00 16-Feb-2006 22-Feb-2006 68 69.15 1.69 - - 6

532477

Union Bank of India(Book Built Portion)

495.00 15-Feb-2006 21-Feb-2006 110 122 10.91 - - 30

532218

South Indian Bank Ltd(Book Built Portion)

150.00 10-Feb-2006 15-Feb-2006 66 65.75 -.38 - - 7

532717 Indo Tech Transformers Ltd 51.29 10-Feb-2006 16-Feb-2006 130 165 26.92 - - 39

532713 Sakuma Exports Ltd 33.33 08-Feb-2006 14-Feb-2006 50 65 30.00 - - 2

532710

Sadbhav Engineering Ltd(Book Built Portion)

53.65 03-Feb-2006 08-Feb-2006 185 235 27.03 - - 31

532708

GVK Power & Infrastructure Ltd(Book Built Portion)

256.54 02-Feb-2006 07-Feb-2006 310 350 12.90 - - 26

532711 Sunil Hitech Engineers Ltd 34.75 30-Jan-2006 03-Feb-2006 100 125 25.00 - - 9

532706 Inox Leisure Ltd(Book Built Portion)

198.00 27-Jan-2006 02-Feb-2006 120 185 54.17 - - 49

532705

Jagran Prakashan Ltd(Book Built Portion)

321.25 25-Jan-2006 31-Jan-2006 320 376 17.50 - - 12

532702

Gujarat State Petronet Ltd(Book Built Portion)

372.60 24-Jan-2006 28-Jan-2006 27 45 66.67 - - 48

532700

Entertainment Network (India) Ltd(Book Built Portion)

194.40 23-Jan-2006 27-Jan-2006 162 241.6 49.14 - - 41

532707 Dynemic Products Ltd 15.47 18-Jan-2006 25-Jan-2006 35 37.6 7.43 - - 12

532701 Sree Sakthi Paper Mills Ltd 25.00 17-Jan-2006 21-Jan-2006 30 38 26.67 - - 4

532418 Andhra Bank(Book Built Portion)

765.00 16-Jan-2006 20-Jan-2006 90 90.5 .56 - - 11

532134 Bank of Baroda(Book Built Portion)

1633.00 16-Jan-2006 20-Jan-2006 230 233.5 1.52 - - 12

530699

Raj Rayon Industries Ltd(Book Built Portion)

55.25 12-Jan-2006 18-Jan-2006 65 58.45 -10.08 - - 4

532699

Royal Orchid Hotels Ltd(Book Built Portion)

112.53 12-Jan-2006 17-Jan-2006 165 240.1 45.52 - - 39

532698 Nitin Spinners Ltd(Book Built Portion)

49.00 06-Jan-2006 12-Jan-2006 21 28.05 33.57 - - 20

532694

Bartronics India Ltd(Book Built Portion)

48.75 20-Dec-2005 24-Dec-2005 75 130 73.33 - - 28

532696

Educomp Solutions Ltd(Book Built Portion)

50.00 19-Dec-2005 22-Dec-2005 125 185.3 48.24 - - 34

532695

Celebrity Fashions Ltd(Book Built Portion)

81.90 19-Dec-2005 22-Dec-2005 180 230 27.78 - - 23

590025

Ginni Filaments Ltd(Book Built Portion)

57.78 19-Dec-2005 23-Dec-2005 22 21.8 -.91 - - 2

532693 Punj Lloyd Ltd(Book Built Portion)

584.86 13-Dec-2005 16-Dec-2005 700 989 41.29 - - 39

532690 Ramsarup Industries Ltd 30.00 13-Dec-2005 16-Dec-2005 60 81 35.00 - - 9

532692 Radha Madhav Corporation Ltd 20.00 12-Dec-2005 16-Dec-2005 20 28.1 40.50 - - 8

532691 Tulip Telecom Ltd(Book Built Portion)

108.00 09-Dec-2005 15-Dec-2005 120 180 50.00 - - 25

532689 PVR Ltd(Book Built Portion)

128.25 08-Dec-2005 14-Dec-2005 225 266.35 18.38 - - 11

532687 Repro India Ltd(Book Built Portion)

43.23 28-Nov-2005 01-Dec-2005 165 209 26.67 - - 8

532686

Kernex Microsystems (India) Ltd(Book Built Portion)

99.01 28-Nov-2005 03-Dec-2005 250 390 56.00 - - 23

532688 Compulink Systems Ltd 27.23 25-Nov-2005 30-Nov-2005 60 68.85 14.75 - - 2

532684

Everest Kanto Cylinder Ltd(Book Built Portion)

90.00 22-Nov-2005 25-Nov-2005 160 190 18.75 - - 16

532356

Triveni Engineering and Industries Ltd(Book Built Portion)

240.00 18-Nov-2005 25-Nov-2005 48 53.25 10.94 - - 10

532682 ABG Shipyard Ltd(Book Built

157.25 18-Nov-2005 26-Nov-2005 185 280 51.35 - - 55

Portion)

532683

AIA Engineering Ltd(Book Built Portion)

148.05 17-Nov-2005 22-Nov-2005 315 399.95 26.97 - - 27

532678

Bombay Rayon Fashions Ltd(Book Built Portion)

94.33 11-Nov-2005 17-Nov-2005 70 82.3 17.57 - - 23

532679

Store One Retail India Ltd(Book Built Portion)

108.00 10-Nov-2005 16-Nov-2005 120 146 21.67 - - 11

532675

Prithvi Information Solutions Ltd(Book Built Portion)

135.00 25-Oct-2005 28-Oct-2005 270 324 20.00 - - 15

532676 P B A Infrastructure Ltd 30.00 24-Oct-2005 28-Oct-2005 60 105 75.00 - - 8

532677 Vikash Metal & Power Ltd 25.00 24-Oct-2005 28-Oct-2005 20 22.95 14.75 - - 4

532674

Bannari Amman Spinning Mills Ltd(Book Built Portion)

94.50 19-Oct-2005 25-Oct-2005 135 175 29.63 - - 7

532673 KM Sugar Mills Ltd 33.28 14-Oct-2005 19-Oct-2005 52 65 25.00 - - 17

517300

Gujarat Industries Power Co Ltd(Book Built Portion)

275.00 13-Oct-2005 19-Oct-2005 68 67.15 -1.25 - - 4

532670

Shree Renuka Sugars Ltd(Book Built Portion)

100.00 07-Oct-2005 14-Oct-2005 285 310 8.77 - - 14

532672 Glodyne Technoserve Ltd 13.86 30-Sep-2005 07-Oct-2005 42 51.25 22.02 - - 44

532668

Aurionpro Solutions Ltd(Book Built Portion)

27.00 27-Sep-2005 04-Oct-2005 90 102.2 13.56 - - 12

532667 Suzlon Energy Ltd(Book Built Portion)

1496.34 23-Sep-2005 29-Sep-2005 510 640 25.49 - - 46

530715 Alps Industries Ltd 49.80 20-Sep-2005 23-Sep-2005 120 111 -7.50 - - 8

532669 Southern Online Bio Technologies Ltd

13.84 14-Sep-2005 24-Sep-2005 10 17 70.00 - - 30

505160

Talbros Automotive Components Ltd(Book Built Portion)

50.00 01-Sep-2005 09-Sep-2005 102 110.1 7.94 - - 43

532664

Amar Remedies Ltd(Book Built Portion)

42.00 25-Aug-2005 31-Aug-2005 28 50 78.57 - - 36

532666 FCS Software Solutions Ltd 17.50 22-Aug-2005 29-Aug-2005 50 150 200.00 - - 176

532663 Sasken Communication Technologies Ltd(Book Built

130.00 11-Aug-2005 17-Aug-2005 260 400 53.85 - - 76

Portion)

532662 H T Media Ltd(Book Built Portion)

370.74 04-Aug-2005 10-Aug-2005 530 685 29.25 - - 19

532659

Infrastructure Development Finance Company Ltd(Book Built Portion)

1372.24 15-Jul-2005 22-Jul-2005 34 49.9 46.76 - - 38

532660 Vivimed Labs Ltd 17.50 09-Jul-2005 13-Jul-2005 70 115 64.29 - - 30

532655

Shri Ramrupai Balaji Steels Ltd(merged)(Book Built Portion)

44.00 08-Jul-2005 14-Jul-2005 22 29 31.82 - - 9

532276 Syndicate Bank(Book Built Portion)

250.00 07-Jul-2005 13-Jul-2005 50 72.8 45.60 - - 28

532653

HSBC InvestDirect (India) Ltd(Book Built Portion)

142.50 04-Jul-2005 08-Jul-2005 125 183.25 46.60 - - 33

516030 Yash Papers Ltd(Book Built Portion)

23.52 30-Jun-2005 08-Jul-2005 14 16.1 15.00 - - 4

532651 SPL Industries Ltd(Book Built Portion)

63.00 29-Jun-2005 05-Jul-2005 70 90 28.57 - - 28

530323

Era Infra Engineering Ltd(Book Built Portion)

49.20 24-Jun-2005 29-Jun-2005 72 78 8.33 - - 2

532649

Nectar Lifescience Ltd(Book Built Portion)

92.88 22-Jun-2005 28-Jun-2005 240 298.9 24.54 - - 16

532650 MSP Steel & Power Ltd 16.00 20-Jun-2005 24-Jun-2005 10 14 40.00 - - 23

532648 Yes Bank Ltd(Book Built Portion)

315.00 15-Jun-2005 21-Jun-2005 45 65 44.44 - - 29

532647

Provogue (India) Ltd(Book Built Portion)

60.74 10-Jun-2005 16-Jun-2005 150 255 70.00 - - 67

532646 Uniply Industries Ltd 12.00 09-Jun-2005 16-Jun-2005 24 29.6 23.33 - - 12

500227

Jindal Poly Films Ltd(Book Built Portion)

300.00 09-Jun-2005 15-Jun-2005 360 345 -4.17 - - 3

532645 Beeyu Overseas Ltd 10.00 26-May-2005 03-Jun-2005 14 20.5 46.43 - - 12

532643 Shree Ganesh Forgings Ltd 15.00 18-May-2005 24-May-2005 30 43 43.33 - - 19

532641 Nandan Exim Ltd 12.00 12-May-2005 20-May-2005 20 48 140.00 - - 31

532640 Cyber Media (India) Ltd 16.94 04-May-2005 09-May-2005 60 75 25.00 - - 3

532638 Shoppers Stop Ltd(Book Built Portion)

165.32 28-Apr-2005 04-May-2005 238 335.5 40.97 - - 17

500315 Oriental Bank of 1450.00 25-Apr-2005 29-Apr-2005 250 255 2.00 - - 3

Commerce(Book Built Portion)

532636 India Infoline Ltd(Book Built Portion)

90.27 21-Apr-2005 27-Apr-2005 76 87.15 14.67 - - 7

532637 Mangalam Drugs and Organics Ltd 14.30 19-Apr-2005 26-Apr-2005 22 30 36.36 - - 5

532633

Allsec Technologies Ltd(Book Built Portion)

42.41 13-Apr-2005 20-Apr-2005 135 110.55 -18.11 - - 4

532480 Allahabad Bank(Book Built Portion)

820.00 06-Apr-2005 12-Apr-2005 82 82 .00 - - 9

532631 Fame India Ltd(Book Built Portion)

43.20 05-Apr-2005 11-Apr-2005 53 53.9 1.70 - - 59

590051 Saksoft Ltd 7.50 30-Mar-2005 07-Apr-2005 30 57.7 92.33 - - 39

532630

Gokaldas Exports Ltd(Book Built Portion)

132.81 30-Mar-2005 06-Apr-2005 425 566 33.18 - - 47

532628 3i Infotech Ltd(Book Built Portion)

200.00 30-Mar-2005 04-Apr-2005 100 105.15 5.15 - - 5

532627

Jaiprakash Power Ventures Ltd(Book Built Portion)

576.00 22-Mar-2005 29-Mar-2005 32 36.8 15.00 - - 6

530773

IVRCL Infrastructures & Projects Ltd(Book Built Portion)

126.00 18-Mar-2005 23-Mar-2005 395 435 10.13 - - 14

532622

Gateway Distriparks Ltd(Book Built Portion)

151.20 09-Mar-2005 14-Mar-2005 72 90 25.00 - - 28

532461

Punjab National Bank(Book Built Portion)

3120.00 07-Mar-2005 11-Mar-2005 390 405 3.85 - - 15

531162 Emami Ltd(Book Built Portion)

35.00 04-Mar-2005 10-Mar-2005 70 75 7.14 - - 36

532617

Jet Airways (India) Ltd(Book Built Portion)

1899.35 18-Feb-2005 24-Feb-2005 1100 1211 10.09 - - 16

532121 Dena Bank 216.00 24-Jan-2005 29-Jan-2005 27 32.4 20.00 - - 12

532614 Impex Ferro Tech Ltd 8.00 22-Dec-2004 31-Dec-2004 10 17.4 74.00 - - 30

532612

Indoco Remedies Ltd(Book Built Portion)

73.50 17-Dec-2004 23-Dec-2004 245 440 79.59 - - 61

532609

Bharati Shipyard Ltd(Book Built Portion)

82.50 02-Dec-2004 08-Dec-2004 66 130 96.97 - - 72

532608 Deccan Chronicle Holdings Ltd

149.28 25-Nov-2004 02-Dec-2004 162 191.5 18.21 - - 9


532604 S.A.L Steel Ltd(Book Built Portion)

58.80 01-Nov-2004 05-Nov-2004 14 23.5 67.86 - - 19

508976 Spanco Ltd 7.54 01-Nov-2004 08-Nov-2004 25 47.1 88.40 - - 47

532555 NTPC Ltd(Book Built Portion)

5368.15 07-Oct-2004 14-Oct-2004 62 70 12.90 - - 13

532544

Indiabulls Financial Services Ltd(Book Built Portion)

51.66 06-Sep-2004 10-Sep-2004 19 25 31.58 - - 18

532543 Sah Petroleums Ltd 31.78 30-Aug-2004 06-Sep-2004 35 35 .00 - - 1

532542 Crew B.O.S. Products Ltd 14.00 19-Aug-2004 27-Aug-2004 35 39 11.43 - - 2

532540

Tata Consultancy Services Ltd(Book Built Portion)

4713.47 29-Jul-2004 05-Aug-2004 850 1050 23.53 - - 8

532618 Vishal Exports Overseas Ltd 27.00 29-Apr-2004 07-May-2004 45 55 22.22 9.3 9.67 9

532529

New Delhi Television Ltd(Book Built Portion)

109.00 21-Apr-2004 28-Apr-2004 70 100 42.86 - - 37

532527 Ramkrishna Forgings Ltd 12.25 02-Apr-2004 10-Apr-2004 20 30 50.00 - - 5

532526

Dishman Pharmaceuticals and Chemicals Ltd(Book Built Portion)

60.09 29-Mar-2004 07-Apr-2004 175 301.2 72.11 - - 38

532523 Biocon Ltd(Book Built Portion)

315.00 11-Mar-2004 18-Mar-2004 315 400 26.98 - - 32

500312

Oil & Natural Gas Corpn Ltd(Book Built Portion)

10694.50 05-Mar-2004 13-Mar-2004 750 831 10.80 - - 2

532524 PTC India Ltd(Book Built Portion)

93.60 01-Mar-2004 08-Mar-2004 16 31.1 94.38 - - 43

532522 Petronet LNG Ltd(Book Built Portion)

391.47 01-Mar-2004 09-Mar-2004 15 16.5 10.00 - - 3

532155 GAIL (India) Ltd(Book Built Portion)

1649.02 27-Feb-2004 05-Mar-2004 195 205 5.13 - - 7

523618

Dredging Corporation of India Ltd(Book Built Portion)

224.00 26-Feb-2004 04-Mar-2004 400 455 13.75 - - 18

532525 Bank of Maharashtra 230.00 25-Feb-2004 04-Mar-2004 23 35 52.17 - - 10

517326 CMC Ltd(Book Built Portion)

188.88 23-Feb-2004 28-Feb-2004 475 530 11.58 - - 10

500198 IBP Co. Ltd(merged)

357.01 23-Feb-2004 01-Mar-2004 620 588 -5.16 - - 3


500105

Indian Petrochemicals Corporation Ltd(merged)(Book Built Portion)

1221.45 20-Feb-2004 27-Feb-2004 170 198.7 16.88 - - 5

532521 Four Soft Ltd 19.88 16-Feb-2004 23-Feb-2004 25 20.1 -19.60 5.48 6.62 6

532517

Patni Computer Systems Ltd(Book Built Portion)

430.65 27-Jan-2004 05-Feb-2004 230 305 32.61 - - 22

512405 I Power Solutions India Ltd 1.11 12-Jan-2004 21-Jan-2004 10 24.85 148.50 - - 2

532515

T.V. Today Network Ltd(Book Built Portion)

137.75 18-Dec-2003 27-Dec-2003 95 210 121.05 - - 35

532516 Surya Pharmaceutical Ltd

13.50 18-Dec-2003 22-Dec-2003 45 55 22.22 - - 12

532514

Indraprastha Gas Ltd(Book Built Portion)

192.00 28-Nov-2003 05-Dec-2003 48 120 150.00 - - 35

Chandi Steel Industries Ltd 5.50 03-Nov-2003 12-Nov-2003 10 - NA - - -

532976 Jai Balaji Industries Ltd 10.00 21-Oct-2003 31-Oct-2003 10 12 20.00 - - 6

Weal Infotech Ltd 13.90 20-Oct-2003 27-Oct-2003 10 - NA - - -532401 Vijaya Bank 240.00 09-Oct-2003 17-Oct-2003 24 32.9 37.08 - - 17

Lux Hosiery Industries Ltd 10.00 15-Sep-2003 23-Sep-2003 50 - NA 0.89 1.7 1

532507 B A G Films & Media Ltd 14.86 06-Sep-2003 17-Sep-2003 10 16 60.00 2.29 10.14 6

532388 Indian Overseas Bank 240.00 05-Sep-2003 12-Sep-2003 24 28.1 17.08 5.3 8.75 7

532505 UCO Bank 240.00 03-Sep-2003 10-Sep-2003 12 17.9 49.17 11.87 25.7 17

532500

Maruti Suzuki India Ltd(Book Built Portion)

993.35 12-Jun-2003 19-Jun-2003 125 158.4 26.72 - - 9

532488

Divi's Laboratories Ltd(Book Built Portion)

44.87 17-Feb-2003 21-Feb-2003 140 161.1 15.07 7.93 48.07 15

590070 Radaan Mediaworks (I) Ltd 10.85 05-Feb-2003 08-Feb-2003 40 41 2.50 - - -

532483 Canara Bank 385.00 18-Nov-2002 27-Nov-2002 35 43 22.86 - 2.46 2

532480 Allahabad Bank(Fixed Price Portion)

100.00 23-Oct-2002 31-Oct-2002 10 12.05 20.50 1.83 5.64 4

532477

Union Bank of India(Fixed Price Portion)

288.00 20-Aug-2002 28-Aug-2002 16 17 6.25 1.75 8.7 5

532461

Punjab National Bank(Fixed Price Portion)

164.49 21-Mar-2002 28-Mar-2002 31 40.1 29.35 1.45 7.13 4

532454 Bharti Airtel Ltd 834.02 28-Jan-2002 02-Feb-2002 45 55 22.22 - - 3


532452 South Asian Petrochem Ltd(merged)

5.00 20-Dec-2001 29-Dec-2001 10 6.65 -33.50 - - -

City Online Services Ltd 2.75 23-Aug-2001 31-Aug-2001 10 - NA - - -

532435 Asia HR Technologies Ltd 10.00 06-Apr-2001 12-Apr-2001 20 - NA - - -

532422 Sequelsoft India Ltd 6.00 19-Mar-2001 23-Mar-2001 10 10.5 5.00 - - -

532419

Smartlink Network Systems Ltd(Fixed Price Portion)

4.57 14-Mar-2001 19-Mar-2001 300 220 -26.67 - - 0

532416

Mid-Day Multimedia Ltd(Fixed Price Portion)

5.00 03-Mar-2001 12-Mar-2001 70 55 -21.43 - - 1

Datum Technologys (India) Ltd

3.25 22-Feb-2001 27-Feb-2001 10 8 -20.00 0.38 1.04 1

532419

Smartlink Network Systems Ltd(Book Built Portion)

41.14 20-Feb-2001 27-Feb-2001 300 220 -26.67 - - -

532414 IKF Technologies Ltd 4.00 19-Feb-2001 24-Feb-2001 10 12 20.00 - - -

590011 Moving Picture Company (I) Ltd 10.00 19-Feb-2001 26-Feb-2001 40 22 -45.00 - - -

532417 e.star Infotech Ltd 4.00 15-Feb-2001 24-Feb-2001 10 18 80.00 - - -

532418 Andhra Bank(Fixed Price Portion)

150.00 14-Feb-2001 23-Feb-2001 10 9.5 -5.00 - - -

532416

Mid-Day Multimedia Ltd(Book Built Portion)

45.00 12-Feb-2001 16-Feb-2001 70 55 -21.43 - - 1

532421 IQ Infotech Ltd 8.80 05-Feb-2001 12-Feb-2001 16 20 25.00 - - -

Ador Powertron Ltd 0.80 29-Jan-2001 02-Feb-2001 10 - NA - - -

532407

Moschip Semiconductor Technology Ltd(Fixed Price Portion)

0.67 03-Jan-2001 05-Jan-2001 10 18 80.00 - - -

532407

Moschip Semiconductor Technology Ltd(Book Built Portion)

2.01 14-Dec-2000 19-Dec-2000 10 18 80.00 - - -

532399 Reliance MediaWorks Ltd 52.80 11-Dec-2000 16-Dec-2000 120 122 1.67 - - 1

532404 Saven Technologies Ltd 3.60 07-Dec-2000 12-Dec-2000 10 7 -30.00 1.41 4.49 3

532402 V & K Softech Ltd 3.75 29-Nov-2000 04-Dec-2000 10 19 90.00 - - - Hifunda Ltd 5.90 27-Nov-2000 01-Dec-2000 10 24.5 145.00 - - -

590082 Lohia Securities Ltd 2.50 15-Nov-2000 20-Nov-2000 20 200 900.00 - - -

Fortune Infotech Ltd 1.90 10-Nov-2000 16-Nov-2000 10 10.75 7.50 - - -

590090 Octant Interactive 5.50 08-Nov-2000 15-Nov-2000 10 10 .00 1.04 - -

Technologies Ltd

532403 Fourth Generation Information Systems Ltd

4.75 06-Nov-2000 10-Nov-2000 10 10.5 5.00 - - -

532385

Aztecsoft Ltd(merged)(Fixed Price Portion)

5.20 02-Nov-2000 09-Nov-2000 80 99 23.75 - - 2

Synfosys Business Solutions Ltd

2.05 24-Oct-2000 03-Nov-2000 10 8.55 -14.50 - - 1

532383 Vision Organics Ltd 14.50 19-Oct-2000 21-Oct-2000 40 40 .00 - - -

532395 Axis IT&T Ltd 316.71 18-Oct-2000 24-Oct-2000 81 75 -7.41 0.99 0.99 1

Prosoft Systems Ltd 6.16 18-Oct-2000 23-Oct-2000 10 14 40.00 - - -

532385

Aztecsoft Ltd(merged)(Book Built Portion)

46.80 12-Oct-2000 18-Oct-2000 80 99 23.75 - - 1

532382

Balaji Telefilms Ltd(Book Built Portion)

32.76 06-Oct-2000 12-Oct-2000 130 171 31.54 - - -

Oasis Infotech Ltd 2.00 04-Oct-2000 11-Oct-2000 10 12.75 27.50 - - -

Essemm Information Systems Ltd

1.25 03-Oct-2000 10-Oct-2000 10 15 50.00 - - -

532391

Opto Circuits (India) Ltd(Fixed Price Portion)

13.38 29-Sep-2000 06-Oct-2000 50 55 10.00 - - -

Akshay Fiscal Services Ltd 4.10 28-Sep-2000 03-Oct-2000 10 10 .00 - - -

532379 Firstobject Technologies Ltd 4.50 28-Sep-2000 03-Oct-2000 10 19.05 90.50 - - -

Essel Software & Services Ltd 1.60 25-Sep-2000 03-Oct-2000 10 13.1 31.00 - - -

Geekay Imaging Ltd 4.70 25-Sep-2000 29-Sep-2000 20 - NA - - -

532384 Tyche Industries Ltd 2.60 25-Sep-2000 03-Oct-2000 10 17 70.00 - - -

532376 MRO-TEK Ltd(Fixed Price Portion)

4.85 25-Sep-2000 28-Sep-2000 95 96 1.05 - - -

532388 Indian Overseas Bank 111.20 25-Sep-2000 05-Oct-2000 10 10 .00 - - -

532380 Baba Arts Ltd 2.55 22-Sep-2000 27-Sep-2000 10 9.05 -9.50 - - -

532607 Ontrack Systems Ltd 4.70 20-Sep-2000 25-Sep-2000 20 25 25.00 - - -

532371

Tata Teleservices (Maharashtra) Ltd(Fixed Price Portion)

74.92 20-Sep-2000 25-Sep-2000 12 11.5 -4.17 - - -

Twin Cities Infotech Ltd 1.41 14-Sep-2000 20-Sep-2000 10 19 90.00 - - -

Master.com Software Ltd 2.50 11-Sep-2000 15-Sep-2000 10 5 -50.00 - - -

Shine Computech Ltd 7.50 11-Sep-2000 15-Sep-2000 15 - NA - - -

532378 Universal Arts Ltd 4.00 06-Sep-2000 12-Sep-2000 10 12.9 29.00 - - -

532375 Tips Industries Ltd(Book Built Portion)

87.75 05-Sep-2000 12-Sep-2000 325 342 5.23 - - 4

532376 MRO-TEK Ltd(Book Built Portion)

18.98 04-Sep-2000 09-Sep-2000 95 96 1.05 - - 2

532387

Pritish Nandy Communications Ltd(Book Built Portion)

36.51 04-Sep-2000 11-Sep-2000 155 170 9.68 - - 2

590032 Zen Technologies Ltd 1.91 04-Sep-2000 07-Sep-2000 10 18.9 89.00 - - -

532371

Tata Teleservices (Maharashtra) Ltd(Book Built Portion)

674.29 29-Aug-2000 05-Sep-2000 12 11.5 -4.17 - - -

532373 Datanet Systems Ltd 3.15 23-Aug-2000 28-Aug-2000 10 11.75 17.50 - - -

Vikram Software Ltd 1.50 22-Aug-2000 31-Aug-2000 10 11.5 15.00 - - -

Suchinfotech Ltd 1.40 18-Aug-2000 22-Aug-2000 10 15 50.00 - - -

Pragnya Software Systems Ltd 1.70 14-Aug-2000 21-Aug-2000 10 10.5 5.00 - - -

Oceana Software Solutions Ltd 10.00 10-Aug-2000 14-Aug-2000 20 - NA - - -

Netripples.com Software Ltd 3.00 07-Aug-2000 11-Aug-2000 10 6.5 -35.00 0.44 0.93 -

Net Axis Software Services Ltd 7.00 07-Aug-2000 11-Aug-2000 20 - NA 1 0.99 1

Ashika Credit Capital Ltd 1.25 05-Aug-2000 11-Aug-2000 10 20.5 105.00 - - -

532357 Mukta Arts Ltd(Fixed Price Portion)

25.00 28-Jul-2000 01-Aug-2000 165 220 33.33 1.23 - 1

Srico Software India Ltd 1.50 27-Jul-2000 02-Aug-2000 10 9 -10.00 - - -

Daisy Systems Ltd 2.63 21-Jul-2000 25-Jul-2000 20 15.65 -21.75 - - -

532365 Dynacons Systems & Solutions Ltd

21.60 21-Jul-2000 28-Jul-2000 30 50 66.67 - 1.04 1

532368 LGS Global Ltd 2.67 21-Jul-2000 26-Jul-2000 10 13.5 35.00 - - -

532358 Teledata Informatics Ltd 6.25 20-Jul-2000 24-Jul-2000 25 26 4.00 - - -

532351 Aksh Optifibre Ltd(Fixed Price Portion)

8.94 18-Jul-2000 20-Jul-2000 60 65 8.33 - - -

Zenith Global Consultants Ltd 1.80 17-Jul-2000 22-Jul-2000 20 15 -25.00 - - -

532366 PNB Gilts Ltd 105.00 11-Jul-2000 18-Jul-2000 30 25.95 -13.50 - - -

532367 Kanika Infrastructure & Power Ltd

3.60 11-Jul-2000 17-Jul-2000 10 12 20.00 - - -

532357 Mukta Arts Ltd(Book Built Portion)

75.00 10-Jul-2000 15-Jul-2000 165 220 33.33 - 4.65 5

Response Informatics Ltd 1.75 10-Jul-2000 14-Jul-2000 10 15 50.00 - - -

532364 Cyberscape Multimedia Ltd 3.40 10-Jul-2000 15-Jul-2000 10 8 -20.00 2 3.28 3

590020 Tera Software Ltd 2.00 06-Jul-2000 12-Jul-2000 10 15 50.00 - - -

Recursion Software Ltd 1.00 06-Jul-2000 13-Jul-2000 10 30 200.00 - - -

Exquisite Exports Ltd 1.59 05-Jul-2000 11-Jul-2000 10 9.55 -4.50 - - -

532363 Comp-U-Learn Tech India Ltd 2.50 03-Jul-2000 07-Jul-2000 10 11 10.00 6.08 15.6 11

532353 Sibar Media & Entertainment Ltd 5.50 03-Jul-2000 07-Jul-2000 10 10.8 8.00 - - -

Mega Channel Computers Ltd 6.89 03-Jul-2000 07-Jul-2000 18 30 66.67 - - -

Virtual Dynamics Software Ltd 1.50 28-Jun-2000 01-Jul-2000 10 20 100.00 14.7 78.53 47

532351 Aksh Optifibre Ltd(Book Built Portion)

26.82 28-Jun-2000 04-Jul-2000 60 65 8.33 - - -

Orpine Systems Ltd NA 26-Jun-2000 30-Jun-2000 10 12 20.00 - - -

Cyberwave Infrastructure Ltd 1.33 22-Jun-2000 27-Jun-2000 10 10.1 1.00 6.35 15.16 11

590037 Steel Exchange India Ltd 2.06 22-Jun-2000 28-Jun-2000 10 10.05 .50 - - -

KALS Information Systems Ltd 1.32 21-Jun-2000 26-Jun-2000 10 14.05 40.50 25.43 70.02 49

532354 Virgo Global Media Ltd 2.70 19-Jun-2000 26-Jun-2000 10 7.15 -28.50 - - -

532355 Telephoto Entertainment Ltd 2.75 19-Jun-2000 24-Jun-2000 10 17.9 79.00 12.6 60.92 37

533056 Sark Systems India Ltd 1.70 12-Jun-2000 17-Jun-2000 10 11 10.00 2.65 2.66 3

532352 Kirloskar Multimedia Ltd 3.65 12-Jun-2000 19-Jun-2000 10 12 20.00 - - -

FI Sofex Ltd 2.28 05-Jun-2000 09-Jun-2000 30 31 3.33 - - -

532350 Padmalaya Telefilms Ltd 25.00 31-May-2000 06-Jun-2000 100 95 -5.00 - - -

SagarSoft (India) Ltd 2.78 29-May-2000 03-Jun-2000 20 31 55.00 - - -

Zen Soft Solutions Ltd 1.71 29-May-2000 02-Jun-2000 10 20 100.00 - - -

Irmac Services India Ltd 3.65 22-May-2000 26-May-2000 30 23.85 -20.50 - - -

590050 CSS Technergy Ltd 2.52 15-May-2000 18-May-2000 20 23.05 15.25 - - -

Computer Power (India) Ltd 2.00 08-May-2000 11-May-2000 1 5 400.00 - - -

532494 Micro Technologies (India) Ltd

8.25 08-May-2000 13-May-2000 60 100 66.67 - - -

Rajesh Global Solutions Ltd 0.25 08-May-2000 10-May-2000 10 11 10.00 - - -

532669 Southern Online Bio Technologies Ltd

1.34 05-May-2000 09-May-2000 10 17 70.00 - - -

532344 Softsol India Ltd 34.13 03-May-2000 08-May-2000 95 95 .00 - - -

532337

iGate Global Solutions Ltd(Fixed Price Portion)

36.00 02-May-2000 04-May-2000 480 575 19.79 1.23 - 1

Jeevan Softech Ltd 1.52 29-Apr-2000 05-May-2000 10 45 350.00 - - -

Weal Infotech Ltd 1.32 28-Apr-2000 04-May-2000 10 20 100.00 - - -

Krisn Information Technologies Ltd 1.30 24-Apr-2000 27-Apr-2000 10 15.2 52.00 - - -

532340 Astro Bio Systems Ltd 7.13 24-Apr-2000 27-Apr-2000 15 17 13.33 - - -

532330 Biopac India Corporation Ltd 4.03 18-Apr-2000 24-Apr-2000 10 14.45 44.50 - - -

532336 Baron Infotech Ltd 2.55 17-Apr-2000 20-Apr-2000 10 36 260.00 8.16 10.75 9

Bangalore Softsell Ltd 9.75 17-Apr-2000 24-Apr-2000 32.5 32.55 .15 0.9 1.06 1

532338 Valuemart Info Technologies Ltd 2.59 11-Apr-2000 18-Apr-2000 10 18.9 89.00 9.19 9.19 9

Nagpur Foundries Ltd 1.10 10-Apr-2000 15-Apr-2000 10 - NA 1 1.07 1

532337

iGate Global Solutions Ltd(Book Built Portion)

108.00-130.50 10-Apr-2000 18-Apr-2000 480-580 575 19.79 - - -

532413 Cerebra Integrated Technologies Ltd

8.88 06-Apr-2000 10-Apr-2000 60 60 .00 4.89 4.89 5

530565 Archana Software Ltd 6.00 06-Apr-2000 10-Apr-2000 20 33.25 66.25 - - -

532396 Vantel Technologies Ltd 1.58 06-Apr-2000 11-Apr-2000 10 19 90.00 - - -

KCC Software Ltd 4.00 04-Apr-2000 07-Apr-2000 10 11.45 14.50 - - -

Intertec Communications Ltd

7.20 27-Mar-2000 30-Mar-2000 60 80 33.33 26 83.49 55

532331 Ajanta Pharma Ltd 67.81 23-Mar-2000 28-Mar-2000 225 237 5.33 1.2 1.2 1 Frontlinesoft Ltd 2.55 23-Mar-2000 28-Mar-2000 10 18.4 84.00 - - -

532972 Sankhya Infotech Ltd 1.67 23-Mar-2000 27-Mar-2000 10 504 4940.00 - - -

Sharon Pharma Chem Ltd 2.50 22-Mar-2000 27-Mar-2000 10 10.7 7.00 - - -

532332 Cura Technologies Ltd 12.75 20-Mar-2000 24-Mar-2000 85 90 5.88 11.51 11.54 12

Infobahn Technologies Ltd 1.52 17-Mar-2000 23-Mar-2000 10 23.75 137.50 63 165.23 116

Fore C Software Ltd 7.36 13-Mar-2000 17-Mar-2000 16 10 -37.50 15.79 15.79 16

532397 Arms Paper Ltd 9.48 09-Mar-2000 14-Mar-2000 60 40 -33.33 11.66 37.44 25

532321

Cadila Healthcare Ltd(Fixed Price Portion)

37.22 28-Feb-2000 06-Mar-2000 250 196.9 -21.24 - - 3

532324 Cinevistaas Ltd(Fixed Price Portion)

19.01 24-Feb-2000 26-Feb-2000 300 202 -32.67 180.28 180.37 180

532322 Elder Pharmaceuticals Ltd

53.75 16-Feb-2000 22-Feb-2000 110 70 -36.36 9.34 9.44 9

532406 Avantel Ltd 6.69 10-Feb-2000 14-Feb-2000 50 110 120.00 82.52 122.29 106

532315 Telesys Software Ltd 7.50 10-Feb-2000 14-Feb-2000 15 20.65 37.67 - - -

532321

Cadila Healthcare Ltd(Book Built Portion)

401.92-468.91 09-Feb-2000 16-Feb-2000 300-350 196.9 -34.37 - - -

532324 Cinevistaas Ltd(Book Built Portion)

38.00-57.00 07-Feb-2000 11-Feb-2000 200-300 202 1.00 - - -

532312 Geometric Ltd 9.30 28-Jan-2000 02-Feb-2000 300 910 203.33 80.32 130.19 107

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ongoing transformation

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