BANKING SUBSIDIARIES

ASSOCIATE BANKS

State Bank of India has the following five Associate Banks (ABs) with controlling interest ranging from 75.07% to 100%.

  • State Bank of Bikaner and Jaipur (SBBJ)

  • State Bank of Hyderabad (SBH)

  • State Bank of Mysore (SBM)

  • State Bank of Patiala (SBP)

  • State Bank of Travancore (SBT)

As on 31st March 2014, the five ABs have a combined network of 6108 branches in India which are on core banking and 7613 ATMs networked with SBI ATMs, providing value added services to clientele.

The combined Net profit of these banks was Rs.2777 Crores for the year ended 31st March 2014. Deposits and advances grew by 3.70% and 6.78%, respectively, over 31st March 2013. The Net NPA ratio of all ABs together was at 3.02% as on 31st March 2014. The highlights of performance of the five ABs (combined) for the year ended 31st March 2014 are as follows:

  (Rs. In crores)
Deposits 433091
Loans 363402
Investments 125236
Total Assets 518255
Return on Assets 0.54%
No. of Branches 6108