CASA ratio has improved from 39.29% as on March 2009 to 46.67% as on March 2010, a growth of 741 bps.
Can the Bank improve its performance QOQ in future as well? Its next quarterly results need to be watched for this.
SBI has not yet met the 70 percent norm for provisioning and is behind other banks. It now has to make provisioning in coming quarters for this purpose - to reach the norm of 70 percent by September - unless RBI extends the deadline.
ASSET QUALITY:as of Mar 10
Gross NPA : 3.05%
Net NPA: 1.72%
Provision Coverage (Excl.AUCA):44.36%
Provision Coverage (Incl.AUCA) :59.23%
How much additional amount is required to meet the target and how this additional provision will be covered up by growth in Profits needs to be seen in the next 2 quarters.
During Q4FY09, nearly 27,000 new employees came on board in various categories, the full impact of which on staff expenses was felt during FY10. The Bank has recruited 3,350 employees in FY10.
Rs. 627 crores arrears for wage revision pertaining to previous years provided during FY10.
Additional contribution for pension at Rs.1,998 crores against Rs.1,469 crores last year.
Additional expenses of Rs.59 crores on Financial Inclusion.
An expenditure of Rs. 347 crores incurred on opening of 1,049 new branches and installing 7,788 new ATMs during the year.