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State Bank of Bikaner and Jaipur

BSE: 501061 | NSE: SBBJ ISIN: INE648A01026
Market Cap: [Rs.Cr.] 3,769.15 Face Value: [Rs.] 10
Industry: Banks - Public Sector

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Management Discussions


2014-15 had been a year of greater volatility and uncertainty. The decline in oilprices, adjustments in exchange rate, quantitative easing program of ECB, concerns overGreece, geo-political tension in Middle east etc., as well as concern over economic andpolitical future of Euro area and European Union are some of the factors which were atplay. The global growth in 2014 was lower than initially expected and picked up onlymarginally in 2014, to 2.6%, from 2.5% in 2013. The global economy is struggling to gainmomentum as many high-income countries continue to grapple with legacies of the globalfinancial crisis, while emerging economies are less dynamic than in the past.

World GDP is expected to grow by 3% in 2015 and 3.3% in 2016, supported by gradualrecovery in high-income countries, low oil prices, and receding domestic headwinds indeveloping countries. Developing economies are expected to see an increase in growth from4.4% in 2014 to 4.8% in 2015 and 5.3% in 2016. Lower oil prices will lead to sizeable realincome shifts to oil-importing countries from oil-exporting ones.

While economic activity in the United States and the United Kingdom has gatheredmomentum as labor markets heal and monetary policy remains accommodative, the recovery hasbeen limited in the Euro Area and Japan as legacies of the financial crisis linger,intertwined with structural bottlenecks. China is also undergoing a deceleration. Slowergrowth in other developing countries in 2014 reflected weak external demand, domesticpolicy tightening, political uncertainties and supply-side constraints. The impact of meekexternal demand was faced by emerging economies such as India where exports took most ofthe hit.

Some major forces driving the global outlook are soft commodity prices, persistentlylow interest rates, increasingly divergent monetary policies across major economies andweak world trade. The sharp decline in oil prices since mid-2014 also acted as a supportto global activity and indirectly supported the growth initiatives in oil-importingdeveloping economies.

Overall, global growth is expected to rise moderately through 2017. High-incomecountries are likely to see growth of 2.2% in 2015-17, up from 1.8% in 2014, on the backof gradually recovering labor markets, ebbing fiscal consolidation, and still lowfinancing costs. In developing countries, growth is projected to gradually accelerate,rising from 4.4% in 2014 to 4.8% in 2015 and 5.4% by 2017.


The year 2014 can be construed as the year of hope and positive sentiments for theeconomy as the government in the centre was formed with a huge majority riding on thepromises of turnaround in the overall development of the country. FIIs pumped in Rs.2.72lakh crore into the country in 2014-15 in the form of equity and debt taking the Sensex toits record high of 30000. The overall economic scenario seemed to change from distress toa hopeful one. India’s forex reserves on the other hand touched an all time high of$339.99 billion in the week ended 20th March 2015. The improved reserves haveput the country in a much better position to tackle the probable Rupee weakness when theU.S. Fed actually starts increasing the rates, although the market seems to have alreadydiscounted this factor.

The Indian Economy is expected to grow at a rate of 7.4% in the just concludedfinancial year i.e., 2014-15. While the economy registered a growth of 5.7% in Q1, 5.3% inQ2 and 7.5% in Q3, the growth numbers for first two quarters were revised later to 6.5%and 8.2% respectively on account of change in the base year to 2011-12. The change in baseyear calculation changed the growth figures for 2013-14 to 6.9% and improved theexpectations for 2014-15. The migration to 6% plus levels from the sub 5% growth has giventhe necessary push to the overall business sentiment.

On the inflation front, country got some respite from the soaring wholesale price indexfalling from 6% in Mar’14 to a negative inflation of 2.06% in February 2015. CombinedCPI also saw a big fall as it came down from 8.31% in Mar’14 to 4.38% in Nov’14,however, it inched up slightly to 5.37% in Feb’15, which was way below RBI’s CPIinflation target of 8% by Jan’15 and comfortably below 6% target by Jan’16.


Current year saw low credit offtake and increasing stressed assets for the banks.Credit growth in the current fiscal could not reach double digit levels due to lower thanexpected demand from the industry on the backdrop of low economic growth and lowerconsumption. One of the reasons for muted credit growth may be attributed to the overalllow business sentiment and further, the corporate opted for raising funds from thecommercial paper market and overseas sources where rates are lower than base rate ofIndian banks. India’s non-government external debt, as a result increased by 12% inSept’14 over the same period previous year to touch a total of $367.48 billion. Outof the total debt ECB has a share of 35.4%.

Aggregate deposits of the SCBs showed growth of 10.9% in the current fiscal as againstprevious year growth of 14.1%, while advances growth stood at 9.2 against 13.9% previousfiscal. The asset quality concerns continued to build up, because of the overall trade anddemand slowdown. The Gross NPAs of the SCBs increased from 4.1% in Mar’14 to 4.5% inSept’14. The stressed assets touched a high of 10.7% in Sept’14 from 10% inMarch, 2014, while PSBs stressed assets stood at 12.9%.

RBI in its surprise move cut the Repo rate twice by 25 basis points each, first inJanuary and second in March, 2015 giving cheers to the market and the industry. The SLRalso stands reduced to 21.5% now, giving more liquidity cushion to banks and also to helpthem maintain a healthy Liquidity Coverage Ratio as per the regulatory norms. The cut wasfueled by lower than expected increase in inflation in December and falling crude oilprices along with government’s commitment to adhering to its fiscal deficit target.


RBI has, in its first bi-monthly monetary policy statement, raised its forecast forgrowth in 2015-16 to 7.8% as against 7.5% for 2014-15, but with a downward bias so as toreflect that the overall economic sentiment still continues to remain lukewarm andsomewhat muted. On the other hand, while the Government had, in its budget, predicted agrowth of 8 to 8.5% in the current fiscal, the International Monetary Fund (IMF) hasprojected the same to remain at 7.5%, with emphasis on reducing subsidies, implementationof comprehensive tax reforms and maintaining a tight monetary policy towards sustaining asalso accelerating the growth momentum.

The FY 2014-15 witnessed a muted credit demand resulting in a single digit creditgrowth for the year. The deposit growth also remained relatively low. The current year maywitness some revival in demand, thus leading to credit pick-up.


Indian economy is one of the fastest growing economies in the world. The revival ofgrowth in the current year is expected to give rise to increased demand thereby pushing upthe credit growth in the system.

The advantages emanating out of a young, vibrant population and a burgeoning middleclass with increasing aspirations for housing and other social amenities , coupled withmore and more people joining the income earning bracket , all translate into a vastpotential for the banks, which still remains partially untapped. Of late, the agriculturesector, too, has, owing to increased farm mechanisation and better remunerative prices foragricultural produce as also compensation in lieu of land acquisition, seen an upsurge intheir income levels and have emerged as a big consumer class.

The rise in the infrastructure projects in the country have the ability to spur thegrowth cycle by way of the multiplier effect they have on overall business growth in theeconomy. The "Make in India" campaign being aggressively pursued by theGovernment is likely to bring in further domestic and overseas investment in this sector.

While there are many opportunities for the banks, especially the public sector ones,there are some inherent threats as well in the form of pressure on profitability, declinein asset quality, and increasing competition, which is driving down the margins. The bankshave not only to brace themselves up and try to make the best out of the availableresources, but to consistently improvise, invent and innovate for staying ahead.


Rajasthan is one of the emerging states in the Indian eco-system. Rajasthan economy,though primarily agricultural and pastoral, is rising fast on the industrial map of thecountry. Government is initiating a variety of measures to make Rajasthan the mostpreferred State for investment in identified sectors and to ultimately achieve globalcompetitiveness. The State has laid special emphasis on accelerating the overall pace ofindustrial growth, increasing employment opportunities, improving productivity, ensuringsustainable development and strengthening small, medium and large industries.

On an average, the state has grown at a robust 8.5% rate in the last five years (FY2008-09 to FY 2013-14). Rajasthan is well known for its mineral endowment and touristlocations that are important contributors to its GSDP. Rajasthan accounts for acontribution of around 4.7% to India’s GDP, largely through the primary sector. Thesecondary and tertiary sectors are crucial for Rajasthan’s economy; together theyaccount for around 80% of the state’s GSDP. Cement, ceramics, minerals and mining,handicrafts and tourism are key industries.

With growing industries in the state, Rajasthan is on the road to become majorindustrial hub in the country. Pitching for faster industrial development, government hasannounced some new industrial areas in the state. Rajasthan is pre-eminent in quarryingand mining in India. The state is the second largest source of cement. It is rich in saltdeposits, copper and zinc. The Oil discovery in Rajasthan by Cairn India has alreadybrought Rajasthan on the world map of Oil and Gas exploration.

In the current budget, more thrust has been given on infrastructure development of thestate. Development of 14000 MW of solar energy and 26000 MW of solar park in the state andconstruction and renewal of 10000 km of road were some of the key points. The budget gavea number of tax sops for the consumer goods industry and the new start ups. It also gaveexemption in the registration and stamp duty for sale and purchase of immovable propertyto the public individuals.



The Bank crossed a milestone business figure of Rs 1.50 lac crores and reached a levelof Rs 155392 crore as at end of March, 2015 as against Rs 139208 crore as at end of March,2014, registering a growth of Rs 16184 crore (11.62 %). The total deposit increased by Rs10364 crore (14.02 %) to reach a level of Rs 84239 crore while advances increased by Rs5820 crore (8.91%) to reach a level of Rs 71153 crore as at end of March, 2015. The costof deposits of the Bank decreased from 7.04% in 2013-14 to 7.01% in 2014-15, while yieldon advances also decreased from 11.27% to 10.98%.


A stable government at the centre saw the 10 year yield in the range of 8.50% to 8.80%till the announcement of new 10 year benchmark, which came at 8.40% in July, 2014.Downward trend of yield started from September, 2014 in anticipation of rate cut by theRBI on the backdrop of easing inflation, declining IIP numbers and fiscal consolidation.The 10 year benchmark yield touched an intraday low of 7.64% due to rate cut by the RBI by25 bps each in January, 2015 and March, 2015. However, due to global factors the yieldmoved upwards to 7.80% apprehending a rate hike in the US.

As a result of various reform measures taken by the new government at the centre,continued FII inflows and back to back rate cuts by the RBI of 25 bps each, the marketscaled to new highs as positive sentiment was created on expectations from the newgovernment and favorable inflation figures. The Sensex and the Nifty touched thehistorical high of 30024.74 and 9119.20 on March 04, 2015 respectively.

The Bank’s net investment increased from Rs 17750.27 crore as on 31stMarch, 2014 to Rs 22465.42 Crore on 31st March, 2015 registering a growth of26.57%. Profit from sale of investment for the year 2014-15 rose to Rs 154.01 crore asagainst Rs .138.63 crore for the year 2013-14 which is an increase of 11.09%. Return oninvestment stood at 7.75% for 2014-15.



The Bank's total interest income increased from Rs .8168.56 crore during 2013-14 to Rs.9005.45 crore during 2014-15, recording a growth of 10.24%. Interest expenditureincreased by 13.45% to Rs .5344.78 crore, as against Rs 6064.02 crore in the previousyear. The net interest income recorded a growth of 4.16% to Rs 2941.43 crore, as againstRs 2823.78 crore in 2013-14. The net interest margin (NIM) stood at 3.37% at the end ofMarch 2015.


The non-interest income of the Bank has increased by 5.71% from Rs .876.34 crore in2013-14 to Rs 926.39 crore during 2014-15. The increase during the year as compared to thelast year is mainly on account of increase in profit on Sale of Investment of Rs 15.38crore and recovery in Written-off accounts to the tune of Rs 16.19 crore.


The operating expenses declined by 12.05% from Rs 2005.46 crore in 2013-14 to Rs1763.71 crore during 2014-15. This is due to decrease in staff provisions from Rs 543.69crore in 2013-14 to Rs 254.90 crores during 2014-15.


During 2014-15, the operating profit increased to Rs 2104.11 crore, recording a growthof 24.16% as against Rs 1694.66 crore in the previous year. The net profit recorded agrowth of Rs 45.18 crores (6.17%) from Rs 731.69 crore in 2013-14 to Rs 776.87 crore in2014-15.


During the year 2014-15, the Bank declared an Interim Dividend of 143% i.e. Rs 14.30per equity share (face value of share Rs .10/- per share) which is same as the dividend of143% i.e. Rs 14.30 per share declared in the previous year. Record date for ascertainmentof entitlement of shareholders for Interim Dividend was 31.03.2015. Interim dividend maybe treated as final dividend.


The Return on Assets of the Bank stood at 0.84% during 2014-15 as against 0.87% in theprevious year. The return on equity (ROE) stood at 12.92% at the end of March, 2015. Theearnings per share increased from Rs 104.53 in 2013-14 to Rs 110.98 in 2014-15, while thebook value per share improved from Rs 765.13 in 2013-14 to Rs 858.95 in 2014-15. As at theend of March, 2015. The capital adequacy ratio of the Bank stood at 11.69% and 11.57% asper Basel II and III norms respectively, as against 11.71% and 11.55% as per Basel II andIII norms respectively, as at the end of March, 2014. This was well above the RBIbenchmark of 9%. The Bank's Gross NPA ratio and Net NPA ratio decreased from 4.18% and2.76% respectively as at the end of March 2014 to 4.14% and 2.54% respectively, at the endof March, 2015. The average business per employee increased to Rs 11.00 crores during2014-15, as against Rs 9.77 crores in the previous year. The net profit per employeeremained same at Rs 6.00 lacs during 2014-15. The average business per branch increased toRs 123.22 crore during 2014-15, as against Rs 121.26 crore in the previous year.


The overall credit demand remained muted during the FY 2014-15 due to overall slowdownin the economy leading to lower level of investment activity. However, the Bank continuedto focus on qualitative credit growth and faster credit delivery.

Total advances of the Bank grew by 8.90% during 2014-15, as against growth of 11.72%during 2013-14.

The Bank’s Commercial & Institutional (C&I) segment advances (other thanfood credit) during the FY 2014-15 marginally grew by 0.38% with an increase of Rs 139crore over FY 2013-14, whereas non C&I segment comprising personal, small business andagricultural advances grew by Rs 5765 crore (20.51%).

In the backdrop of stress in the various segments of the industry, the impetus offinancing remained mainly towards top rated PSUs and other sectors such as Real Estate(RH), textiles and NBFCs etc.

In view of the prevailing competitive and stressed market scenario, closer interactionand regular meetings by the Top Management with high value customers at major centers inthe country resulted in booking of several good quality advances.


Personal Banking Segment continued to be the thrust area. The Bank’s retailoperations recorded robust growth during the year 2014-15.

Personal Segment deposits recorded a growth of 16.60%, and increased to Rs 57462 croresas at end of March, 2015. Acquisition of new customers remained one of the focus areaconsequently resulting in increase of customer base by 26% with opening of 34 lac new CASAaccounts during the year. The Bank’s savings account deposits also grew by 13.90%during the year to Rs 28536 Crores.


In Personal Segment lending, Bank was committed to fine tune the products and servicedelivery to the market expectations. Most of the prime P Segment products have undergonefine tuning in its features.

The Bank’s Home loan and Personal loan disbursements recorded a robust growth of24.23% and 22.53%, respectively. The overall P Segment loan portfolio has grown by 18.36%to Rs 12187 Crores during the year.

Online approvals: Online in-principal approval for Home loans and Car loans haveattracted good number of new customers to our fold. In-principal approvals of Rs 598.50crores and Rs 382.70 Crore were accorded during the year for Home loans and Car loansrespectively.


Bank gives utmost importance to lending to Priority Sector and during the FY 2014-15,more than 60% of the total growth in advances is registered under priority sector. ThePriority Sector Advances of Bank is 42.54% of ANBC at the end of 31st March2015, as against the RBI stipulation of 40%. In value terms priority sector advances grewRs 5127 crore from

Rs 22733 crore to Rs 27860 crore during 2014-15. To meet the specific need of thissector Bank is sensitizing the operating functionaries at the branch level to give specialattention to Agriculture, MSE, Education, Housing, Export Credit etc. Special thrust isalso given on increasing awareness among operative staff about targets/ sub-targets andproducts/schemes for lending to Priority Sector.


Lending to agriculture remained one of the major thrust areas of the bank. Theoutstanding level of agriculture advances increased from Rs 10962 crore as at the end ofMarch 2014 to Rs 11927crore as at the end of March 2015.

The flow of credit in agriculture stood at Rs 9672 crore during the current financialyear as against Rs 7669 crore during the last financial year. Agriculture advancesconstitute 18.21% of the Adjusted Net bank Credit (ANBC).

The Bank has issued 71046 Kisan Credit Cards (KCC) with sanctioned limit of Rs 1928crore during the financial year 2014-15. The Total number of KCCs stood at 628428 at endof March, 2015.


As per RBI FIP Plan (2013-16), the Bank was required to cover 3144 villages by BCs upto March, 2015. As against this, the Bank has covered 7048 villages. Bank’s BranchNetwork has also crossed the milestone of 1250 branches to touch 1261 branches by opening117 branches during the year. 935299 accounts have been opened through BC channel againstthe target of 6,00,000.


The Bank took the PMJDY Scheme announced by the Hon'ble Prime Minister in true spiritand 24.61 lac accounts have been opened under PMJDY, out of which 11.24 lac accounts arein rural areas and 13.37 lac accounts are in urban areas. Deposit of Rs 599.66 crore hasbeen mobilized and 21.52 lac Rupay Debit Cards have been issued under PMJDY up to31.03.2015.

The Bank completed the task of opening of one account per household in its allocatedSSAs (Sub Service Areas) before 31.12.2014.

Rupay debit card having inbuilt accidental insurance cover of Rs. one lac and LifeCover (LIC Scheme) of Rs. 30,000/- is also available to the beneficiaries who opened theiraccounts for the first time from 15.08.2014 to 26.01.2015.


The Bank has been allotted 1948 SSAs (Sub Service Areas) in our Service Area inRajasthan and in other States. Out of this, 1935 SSAs are in Rajasthan. The Bank coveredall these SSAs either by opening of branches or by engagement of Corporate/ IndividualBCs.


The Bank has 9 FLCCs in its Lead Districts and till 31.03.2015, 1298 counseling campshave been organized and 91511 people counseled in such programs. Out of these, 39422people are linked to Banking system and 1529 people have benefited with credit linkage.After launch of PMJDY, SBBJ has organised 312 Financial Literacy camps, where 16182persons have been counseled. Our rural branches regularly meet the villagers and holdFinancial Literacy Camps. Wide publicity is ensured and financial literacy material isdistributed in those camps.


All our branches are enabled for individual & bulk seeding of Aadhaar numbers inaccounts. Our nodal branch for DBT is uploading the seeded data on NPCI mapper on dailybasis. We have issued newspaper advertisements in leading newspapers to improve ourAadhaar Seeding position.


Bank is shouldering Lead Bank responsibility in nine Districts in the State ofRajasthan viz. Bikaner, Barmer, Hanumangarh, Jaisalmer, Jalore, Pali, Sirohi, Rajsamandand Udaipur. The Bank has been implementing and monitoring the Annual Credit Plan andother developmental and poverty eradication schemes launched by the Govt. of India, Govt.of Rajasthan and NABARD. Against target of Rs 4564 crore in 9 Lead Districts for AnnualCredit Plan for the year 2014-15, we have disbursed Rs 6342Crore, achieving 139% % of theannual targets.


At the end of March, 2015, the Bank has credit linked a total of 44624 Self Help Groupswith outstanding amount of Rs 535.70 crore, out of which 35654 accounts are of womenbeneficiaries with outstanding amount of Rs 467.29crore

Ministry of Finance, Govt. of India launched a project for financing to Women Self HelpGroups with the support of Anchor NGO as SHPI in 24 backward Districts of 24 Statesin the country, later on it was extended to 150 back ward Districts, including 109 LeftWing Extremism (LWE) districts. In Barmer District, NGO has Linked 1269 SHGs by SB Linkageand 1090 SHGs by Credit Linkage during the year against the targets of 1000 up to March,2015.


In order to impart job- oriented skills to rural unemployed youth, the Bank has set-upeight RSETIs at Bikaner, Hanumangarh, Barmer Jaisalmer, Jalore, Pali, Sirohi and Nathdwara(Distt. Rajsamand).

By the end of March, 2015, 39911 candidates have been imparted training for variouslocal demand jobs in these institutions and by imparting skill trainings, 4795 candidateshave been engaged in various jobs and 18180 candidates have started their own ventures.9666 persons have been credit linked amounting to Rs 6589.75 lac. All our RSETIs havesecured AA+/AB rating indicating overall good position.


The Bank continued to play a pioneering role in financing entrepreneurs under variousgovernments sponsored schemes. Under National Rural Livelihood Mission (NRLM scheme) theBank sanctioned amount of Rs 100.53 lacs to 114 beneficiaries. Similarly, under PrimeMinisters Employment Generation Programme (PMEGP) an amount of Rs 3028.99 lacs wassanctioned to 690 beneficiaries and Rs 1365.89 lacs to 4511 beneficiaries under POP.


Rajasthan Marudhara Gramin Bank (RMGB) has come into existence on 01.04.2014 with theamalgamation of the erstwhile Marudhara Gramin Bank (MGB), sponsored by SBBJ and MewarAnchalik Gramin Bank (MAGB), sponsored by ICICI Bank). The Bank is playing vital role inthe economy of the 15 districts of their area of operation by extending financialassistance to both priority and non priority sectors.

SBBJ continues to provide managerial support and financial assistance by way ofrefinance etc. to RMGB. All branches of RMGB are on CBS platform and provide ElectronicFund Transfer facility. RMGB has installed its five on site ATMs and one mobile ATM. RMGBhas a deposit of Rs 6332 crore and advances of Rs 4572 crore as on 31.03.2015. RMGBrecorded a net profit of Rs 90 crore.


The Micro, Small and Medium enterprises(MSME) sector contributes in a big way to thegrowth of Indian Economy with a vast network of over 5.77 crore units, creating employmentfor more than 8 crore people, manufacturing more than 6000 products, contributing about45% of manufacturing output and about 40% of exports. As on 31st March, 2015,Bank's total exposure to Micro, Small and Medium Enterprises (MSME) sector was Rs 11719crore in more than 144000 MSME units. MSME Segment is one of the key growth areasidentified by the Bank and constitutes more than 15% of Bank’s total advances. Duringthe year, Bank has sanctioned credit facilities to more than 25804 new MSME unitsamounting to Rs 2555 crore. The loans upto Rs.10 lacs in SME is Rs 1424 crore.

Bank is extending collateral free loans up to Rs 1.00 crore to MSE sector under CGTMSEScheme of Credit Guarantee Trust, which provides 50 to 85% guarantee cover on eligible MSEaccounts for limit up to Rs 100 lacs. Bank has covered 3149 fresh accounts amounting to Rs122 crore during the FY 2014-15 under CGTMSE.


The Bank conducts Government Business on behalf of State/Central Government through 985Authorized Branches. Income Tax, Central Excise, Service Tax, Value Added Tax (VAT) etc.are collected through physical chalans and also through the electronic mode. The Bank hasestablished a Centralized Pension Processing Centre (CPPC) which calculates as well ascredits pension to the accounts of pensioners across all the branches. Bank also has anonline treasury Branch for online payment of salary of Rajasthan Govt. employees on behalfof the State Govt. Presently our online Treasury Branch is processing 9.75 lakh StateGovt. transactions received through 18000 digitally signed files in a month. During2014-15, the Bank has earned Rs 96.18 crore commission income from Government business.


The Bank provides Foreign Exchange related services to exporters/ importers, otherresident and non-resident customers through a network of 69 Authorized Category"B" and 184 category ‘C’ branches and 4 Trade Finance CentralProcessing Centres (TFCPC).

Bank's forex dealing room at Mumbai and all the authorized category ‘B’branches are equipped with latest technology for real-time communication and are connectedthrough SWIFT network with more than 750 offices of foreign banks throughout the world.The Bank maintains 21 NOSTRO accounts in all major currencies and non-accountcorrespondent banking relationship with all major banking groups in the world. Tofacilitate NRI customers for inward remittances, there is online remittance facility andtie-up with 4 Gulf based Exchange Houses.

The Bank also undertakes proprietary Forex trading to increase profit by takingadvantage of market movements. Our Merchant forex turnover stood at Rs 31186 crore at theend of March 2015, as against Rs 31678 crore for the same period in last financial yearrepresenting a marginal decrease of Rs 492 crore (1.56 %) during the year.

Our NRI deposits stood at Rs 1630 crore at the end of March 2015 as against the base ofRs 1384 crore in March 2014, registering a growth of Rs 246 crore (17.77%).

Our export credit stood at Rs 2544 crore at the end of March, 2015 as against Rs 2740crore at the end of March, 2014, recording a marginal decrease of Rs 196 crore (7.15 %)during the financial year.


As at end of 31st March, 2015, the Bank had 19 large sick /weak units on its books withaggregate outstanding of Rs 278.55 crore. There are 47 Corporate Debt Restructuring caseswith aggregate exposure of Rs 3038.36 crore and 18 BIFR cases with exposure of Rs 343.27crore. The Bank has been acting as BIFR's Operating Agency in 4 cases. During the yearunder review 8 accounts with aggregate exposure of Rs 996.28 crore have been restructuredunder CDR mechanism as warranted basically by the tight economic scenario.


The Bank continues with its multipronged strategy of controlling Non-Performing Assets(NPAs) through intensive monitoring of large value accounts, close follow-up withDRT/BIFR, restructuring of viable accounts and effectively utilizing the remediesavailable under the SARFAESI and RODA Acts. GMs, DGMs and AGMs posted at Head Office havebeen assigned the role of mentors of Zones / Regions and Branches to provide support andmonitor the NPA level. Due emphasis has been given to follow-up with the Courts and filingof Execution Petitions. During the year, Recovery Camps, Bank Adalats and Lok Adalats wereorganized for NPA recovery, the results of which were quite encouraging. Recovery campsare being held in every village, every week. The progress in NPA / AUC recovery is beingdiscussed / reviewed by the Management Committee over Video conferencing with all theZones and DGM headed branches. The accounts in SMA / Probable NPA category are alsodiscussed through video conferencing in addition to various foray available at the Bank toregularize the position and to avoid any account slipping into NPA. The "LoanTracking Centers" monitor / track the irregular standard accounts from Head Office aswell as Zones. Pre-emptive measures such as restructuring etc. are also under taken, asper RBI guidelines. By adopting the above measures and utilizing the provision of SARFAESIAct effectively, Bank has also received a number of acceptable compromise proposals whichhas resulted in good recovery in NPA. There has been an addition of Rs 1687.45 crore inNPA during 2014-15. However, there has been recovery / up-gradation to the tune of Rs1475.09 Crore. The recovery in AUC accounts have particularly been impressive during theyear under review, aggregating Rs 92.38 crore. At the end of March 2015, gross NPA ratioof the Bank stood at 4.14% and Net NPA ratio stood at 2.54%.


The Bank has an independent Risk Management Framework in place. At the apex level,there is a Risk Management Committee of the Board (RMCB), which oversees the policies andstrategies for Risk Management in the Bank. Asset Liability Management Committee (ALCO),Market Risk Management Committee (MRMC), Credit Risk Management Committee (CRMC) andOperational Risk Management Committee (ORMC) provide support to RMCB. These sub-committeesplace all critical issues/ development in their respective areas before the RMCB. The Bankhas Policies for identifica

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Key Information

Key Executives:

Arundhati Bhattacharya , Chairman

B Sriram , Managing Director

Malvika Sinha , Nominee (RBI)

Rajesh T Manubarwala , Director

Company Head Office / Quarters:

Tilak Marg,
Phone : Rajasthan-91-141-5101539 / Rajasthan-
Fax : Rajasthan-91-141-5101176 / Rajasthan-
E-mail : cmshare@sbbj.co.in
Web : http://www.sbbjbank.com


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