Page 30 - BANKING FINANCE November 2015 ONLINE

PRESS RELEASE

SBBJ : FY 15-16 Q-2 Net Profit increases by 52.25% to

Rs. 180.63 crores

The Board of Directors of State Bank of Bikaner & Jaipur approved the financial results of the Bank for the half year
ended 30th Sept 2015 at its meeting held on 20th October 2015 at Jaipur. The accounts have been subjected to limited
review by the Bank's Statutory Central Auditors.

(Rs. in crores)

Parameters Quarter ended Half year ended

Sept. 2014 Sept. 2015 YoY Growth (%) Sept. 2014 Sept. 2015 YoY Growth (%)

Net Interest Income 741.42 818.05 10.34% 1493.10 1639.44 9.80%

Other Income 158.46 209.86 32.44% 341.19 463.54 35.86%

Operating Profit 482.26 510.46 5.85% 1001.56 1136.25 13.45%

Net Profit 118.64 180.63 52.25% 333.23 451.25 35.42%

Return on Assets 0.52% 0.70% + 18 bps 0.73% 0.89% + 16 bps

PCR 58.55% 66.14% +759 bps 58.55% 66.14% +759 bps

Shri Jyoti Ghosh, Managing Director of State Bank of Bikaner & Jaipur announced the highlights of the performance of
the Bank during the 1st Half year of Current FY as under:-
N Total business of the Bank increased to Rs.159100 crores as on 30.09.2015 from Rs.155392 crores as on 31.03.2015.

(YoY growth is 11.62%).

N CASA deposits increased to Rs.34322 crores from Rs.32726 crores as on 31.03.2015. (YoY Growth is 15.32%).

N Net Profit increased by 52.25% from Rs.118.64 crores to Rs.180.63 crores in Q2 FY 16.

N Non Interest Income rose by 32.44% from Rs.158.46 Crores to Rs.209.86 Crores in Q2 FY16.

N NIM was at 3.45% as on 30.09.2015, as against 3.37% as on 31.03.2015.

N Capital Adequacy ratio as per Basel-III was 10.53% as against 11.05% as on 30.09.2014. This is well above the
stipulated minimum requirement of 9%. If quarterly profit was taken into account, the CRAR as on 30.09.2015 would
be 11.14 % vis-à-vis 11.05 % as on 30.09.2014.

N The Net NPA ratio of the bank stood at 2.15% (as against 2.49% as on 30.09.2014 and 2.54% as on 31.03.2015).
Bank improved on its GNPA from 4.45% as on 30.06.2015 to 4.20% as on 30.09.2015.

N The Provision Coverage Ratio (PCR) of the Bank as on 30.09.2015 was at 66.14%, (It was at 58.55% as on 30.09.2014
at 57.05% as on 31.03.2015).

Shri Jyoti Ghosh also stated that while the pressure on the NPA front will remain for a few more quarters, the Bank has
further accelerated the recovery measures and the overall performance of the Bank during the 2nd half of the year is
expected to remain steady. The Bank will continue to focus on the retail segment and improving the efficiency of
operations.

He further added that SBBJ stands committed to meet the banking needs of all segments of customers across the country,
with Rajasthan as its primary service area. As a responsible Corporate Citizen, the Bank has been engaged with the
society at various levels extending assistance to a range of needy sections of the society. During the quarter under
review, Bank has contributed Rs.3 crores under its various Corporate Social Responsibility initiatives which include:-
(a) A donation of Rs.1 crore in Rajasthan Chief Minster's Relief Fund for natural calamities;

(b) Extending financial support for construction of 78 toilets in 39 Govt Girls' Schools;

(c) Financial support for providing drinking water facility in schools of Jhalawar District as well as providing electricity
facility in schools of Ajmer District.

30 | 2015 | NOVEMBER | BANKING FINANCE

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