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State Bank of India
Industry : Finance - Banks - Public Sector
BSE Code : 500112
Business Group : SBI Group
LTP (Rs.) : 270.80  (1.40) [NSE]
ISIN No : INE062A01020
Face Value/M Lot : 1.00/1
P/E Ratio : 12.06
Market Cap : 204,892.91 Cr
You can view the entire text of Notes to accounts of the company for the latest year.
Year End : 03 / 2014
Note no. 1: Specific Provision for NPAs

During the year, SBI has utilized the specific provisions of Rs.2,056.26 crores made during previous years (2011-12 and 2012-13) against certain non performing domestic advances to provide for estimated loss in the collectible amounts of such advances.

Note no. 2: Counter Cyclical Buffer

RBI vide Circular No. DBOD.No.BP.95/21.04.048/2013-14 dated 7th February, 2014 on 'utilisation of floating Provisions/ Counter Cyclical Provisioning Buffer' has allowed the banks, to utilise up to 33 per cent of Counter Cyclical Provisioning Buffer (CCPB) held by them as on 31st March, 2013, for making specific provisions for Non-Performing Assets (NPAs) as per the policy approved by the Bank's Board of Directors. Accordingly, SBI has utilized the CCPB of Rs.750 crores (as against the maximum permissible limit of Rs.1,132 crores i.e.33% of Rs.3,430 crores, the balance as on 31st March, 2013) for making specific provision for NPAs, in accordance with the board approved policy and approval of the Board.

Note no. 03: Deferred Tax Liability on Special Reserve u/s 36(1)(viii)

RBI vide Circular No. DBOD.No.BP.BC.77/21.04.018/2013-14 dated December 20, 2013 on 'Deferred Tax Liability on Special Reserve created under Section 36(1)(viii) of the Income Tax Act, 1961, has advised that, as a matter of prudence, Deferred Tax Liability (DTL) should be created on Special Reserve. further, it has allowed the banks to adjust the provision for DTL on Special Reserve as at March 31, 2013 against the Reserves and the provision for DTL on Special Reserve created from the year 2013-14 should be charged to the profit and loss account. Accordingly, an amount of Rs.2,052.76 crores has been adjusted from the reserves for creation of DTL on Special Reserve of Rs.6,039.30 crores as on 31st March, 2013. further an amount of Rs.488.30 crores has been charged to Profit and loss Account for creation of DTL on Special Reserve u/s 36(1) (viii) of the Income Tax Act, 1961 for the year.

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