A Quarterly Magazine for the Welfare of SBI Pensioners | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18.

Index of contents

Retirement Program
at SBIM, Kolkata ...................... 02
Chairman’s message................ 03
Photographs of Pensioners...... 11
MF Education Series................ 12
Sustainability –
Initiatives by SBI....................... 16
Group Mediclaim Policy............ 17
Assistance to Retirees
in critical illness........................ 20
Transition to Retirement Programme was conducted at State Bank Institute of
You Only Need One (YONO).... 22 Management, Kolkata from 16th January,2018 to 18th January, 2018. 22 participants
comprising of General Managers and Dy. General Manages retiring shortly
Dearness Relief attended the same. The presentations on financial planning, health and life style
for Bank’s pensioners............... 24 and retirement planning were organized for the benefits of the participants. We give
below some of the highlights of the presentations for the benefits of the readers.
Living with diabetes.................. 27
Financial Planning
Leading a disease-free Life...... 32 • It’s a process for development & implementation of comprehensive plans
Remembering my best friend... 34 • Its aim is to help individuals in achieving financial & personal objectives
• Its aim is to achieve the objectives in a systematic & prudent manner
Sanjeevani – • Its aim is to increase financial stability during life and targets a beneficial
Sbi Hr Helpline....................... 36 legacy
• It’s a not a destination nor its one or more financial products
Mail to us at - Why there is a need for Financial Planning
• Individuals have various financial & personal goals
The Editor. ‘ Second Innings’
• Some families have objectives which are more complex than others
State Bank of India, PPG Department,
• For meeting goals, a bewildering array of investment products in piecemeal
16th Floor, State Bank Bhavan,
• Buying financial products in piecemeal won’t help
Madam Cama Road, Mumbai - 400021.
• Need for developing a comprehensive financial plan
OR
• Comprehensive financial plan for achieving personal and financial objectives
E-mail at : [email protected] • Comprehensive financial plan for ensuring financial stability
In another presentation on Health and lifestyle how one should manage the
Advisory Board health was discussed. What is a good lifestyle?
Good lifestyle A lifestyle can be termed as good, only if it is giving maximum
Shri K.T.Ajit
satisfaction to life, by way of establishing all round harmony, with forces that
Chief General Manager (HR) govern life, which in turn provide good physical & mental health, growth potential
Shri A. T. Thorat and joy of living. We take Health for granted and not enough emphasis is given
General Manager (Law) to the management of Chronic illnesses. Emphasis was given on educating and
motivating people on mere Dietary discipline, Regular exercise to suit the age
and health status of the individuals and Life Style changes will go a long way in
Editorial Board improving the quality of Life.
Shri Somnath Adhya In another session Retirement Planning and investment in mutual funds was
Dy. General Manager (PM & PPG), discussed. To ensure financial stability, all that you need to do to secure yourself
Editor is to solve for key pain points that you will face in your retirement phase. How one
should select the investment pattern as per ones need. The components of risk,
Shri C. P. Mulye return on investment and liquidity were discussed.
Chief Manager (S) (Sub Editor)

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 The Chairman’s Message
Dear Shareholders, It gives me great pleasure to place before you
the highlights of your Bank’s performance during the financial year
2017-18. Details of the achievements and initiatives taken by your
Bank are provided in the enclosed Annual Report for the year 2017-
18.
ECONOMIC OVERVIEW Global economy experienced broad
based growth in 2017. In particular, economic activity gained
momentum in the US and the Euro area. Meanwhile, emerging market and developing
economies have also performed better with growth pick-up in emerging Europe and
emerging Asia being the major contributors to growth. Levying of tariffs by the US and
fears of trade war between the US and China increased the financial volatility in 2018.
However, with the US suspending the tariffs against China after some negotiations
between the two countries, fear of fullfledged trade war has now abated. Overall, global
GDP is expected to grow at 3.9% in 2018 with the advanced and emerging economies
to post 2.5% and 4.9% growth respectively. Having said that, increase in protectionist
policies, geo-political uncertainty and the escalation of US sanctions on Iran with the
consequent impact on oil price represent the key risks to global growth. Indian economy
is expected to grow at 7.4% in FY2019 from 6.7% in FY2018 against the backdrop
of improved global demand, better monsoon prospects, credit uptick and continued
reforms undertaken by the Government. Furthermore, speeding up of the resolution
process of distressed assets under the Insolvency and Bankruptcy Code is likely to
improve confidence in the economy. Increasing oil prices though remains a major risk
to the country’s external balance.
YOUR BANK’S PERFORMANCE Sustained CASA growth Driving Deposits Growth
Due to higher base led by demonetisation, the aggregate deposits of your Bank grew at
a modest rate of 4.68% to ` 27,06,343 crore from the previous year level of ` 25,85,320
crore. The growth in aggregate deposits is mainly due to the increase in savings bank
deposits, which grew by 7.88% YoY and deposits from the foreign offices (grew by
17.07%). Your Bank has improved its CASA ratio to 45.68%, an improvement of 128
bps from 44.40% last year. Retail Loans Drives Credit Growth The gross advances of
your Bank crossed the ` 20,00,000 crore mark, and grew at 4.91% to the level of `
20,48,387 crore by March 2018 from the previous year level of ` 19,52,507 crore. Retail
segments (Per, SME & Agri) now constitute 57.5% of the domestic loan book
(` 17,46,389 crore). Much of the growth in advances came from Per Retail segments,

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including home loans and auto loans. Overall, Per Retail loans grew by 13.55% in
FY2018, which is in line with the Bank’s strategy of growing more aggressively in this
segment. Within retail, home loans grew by 13.26% to ` 3,13,106 crore in FY2018 from
` 2,76,454 crore in FY2017. Your Bank’s home loan portfolio now constitutes more than
57% of Per Retail loans. Additionally, your Bank continues to be the largest home loan
provider in the banking sector, with a market share of over 32% as on 31st March 2018
amongst ASCB. Channel Strategy With a view to building and sustaining the momentum
for Transforming India, your Bank has created the largest number of touch points in
terms of number of branches and other modes, reaching out to public at large. Today,
we have 22,414 branches, 59,541 ATMs, CDMs, Recyclers, 6.10 lakh PoS machines
and 58,274 Business Correspondent outlets. The Customer Experience Excellence
Project (CEEP) has been rolled out in more than five thousand branches across the
country which are equipped with Self Service machines such as ATM, CDM/ Recycler,
SWAYAM for Passbook Printing, Electronic Cheque Drop Box and Internet enabled
PCs. Your Bank has been an epitome of trust across the length and breadth of the
country. It has extended its wings across the globe with financial products for the NRI
community, Indian corporates, exporters and importers as well as the local populace
and corporates. The number of foreign offices of your Bank is currently 206, spread
across 35 countries in all the continents. During FY2018, Your Bank opened one new
branch in Maldives. Nepal SBI Bank Limited, a subsidiary of SBI opened seven
branches. During the same period, Sylhet branch (Bangladesh) and Doha branch
(Qatar) were closed. Further, two Managed Exchange companies and two Representative
Offices (Dubai and Abu Dhabi) came within the ambit of SBI on account of merger with
Associate Banks. Technology & Digital Banking Your Bank is a strong proponent of
leveraging information technology to deliver convenience to its customers. Your Bank
has been offering innovative and cutting-edge products to its customers with the
objective of enabling banking transactions at anytime and from anywhere. With
approximately 27.83 crore Debit Cards as of March 2018, your Bank continues to lead
in Debit Card issuance in the country, with a market share of 32.3%. In August 2017,
your Bank has also launched, the facility of instant issuance of personalised Photo
Debit Card – ‘Quick Photo Debit Card’ within five minutes to Saving Bank (SB) account
holder of any branch of SBI. Your Bank has one of the largest ATM networks in the world
with 59,541 ATMs including Cash Deposit Machines (CDMs) and Recyclers as on 31st
March, 2018. Your Bank has a 28.8% market share in ATM network in India. SBI ATM
network transacts 47.2% of the country’s total ATM transactions. On an average, over 1
crore transactions per day are routed through our ATM network. The Mobile Banking
channel now has over 305 lakh registered users and has processed transactions

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amounting to ` 6,00,000 crore in FY2018. Your Bank has also retained its prime numero
uno position among Banks, both in terms of volume of transactions (21.2%) and value
of transactions (19.8%). SBI Online is the 5th most popular online global financial
website with 4.79 crore users and 159 crore transactions during the year. India is
undergoing a digital transformation and witnessing an accelerated pace of innovation
and technology adoption. As the digital economy is flourishing, your Bank is also
progressing with its technological advancements and growing its presence in multi-
channel platforms, keeping itself ahead of the curve. Consequent to our digital initiatives,
we have improved the share of digital transactions as a percentage of total transactions
by over 600 bps during the year. On 24th November, 2017, State Bank of India launched
India’s first comprehensive digital service platform “YONO”, an acronym for ‘You Only
Need One’. An integrated omnichannel digital platform, YONO offers banking and other
financial products along with access to India’s largest B2C marketplace for its customers
to meet their lifestyle needs across 16 categories. As of 31st March, 2018, there were
more than 4 million downloads with nearly 15 lakh registered users and 1.36 lakh Digital
and Insta Savings Accounts opened. We are also committed towards transforming
ourselves into a digitalised organisation, supported by technology enabled backend
operations. Along with the digitalisation of consumer facing operations, we continue to
invest in the automation of our internal processes to improve efficiency, risk management,
reduce cost of operations and re-deploy employees in revenue accretive roles. Further,
such consistent initiative towards digitising payment transactions, not only reduces cost
of transactions but also helps in reducing carbon footprint through lesser use of paper.
Profitability The year 2017-18 was a difficult year as far as net profits are concerned.
The main contributing factors being increase in loan loss provisions, mark to market
losses on Government securities and provisions and payments to employees. The
Operating Profit and Net Interest Income of the Bank remained flat at ` 59,511 crore and
` 74,854 crore respectively in FY2018 on the back of reduction in MCLR and Base rate
and continued Asset Quality stress. The Non-interest and fee income registered a
growth of 4.61% and 10.51% respectively in FY2018. Recovery in Written-Off Accounts
registered a robust growth of 34.56% and the trend is expected to continue. The staff
expenses declined by 2.34% during FY2018. While we did have 3,211 new employees
who joined the Bank, due to retirement etc. of 18,973 employees, the overall staff
strength declined by 15,762 during the year. Similarly, due to strong awareness created
across the organisation and various cost optimisation measures put in place, the
increase in overheads was contained to below 10%. On the trading side, Q4 was an
exceptional quarter with domestic bond yields rising rapidly on the back of rise in crude
oil prices, hardening of US interest rates and rise of geopolitical risks in Middle East

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region. As a result, trading income declined and significant MTM losses occurred. RBI
had since then permitted banks to amortise losses on the trading book over four
quarters, however, we have not availed the benefit of RBI dispensation. Asset Quality
Gross NPAs of the Bank increased from ` 1,77,866 crore as on March 2017 to `
2,23,427 crore as on March 2018, whereas Net NPA increased from ` 96,978 crore to `
1,10,855 crore during the same period. Material changes in the method of recognising
corporate stressed assets occurred after the RBI’s February 2018 notification. Despite
this, the slippage ratio in FY2018 has declined to 4.85% from 5.78% in the previous
year. Overall the Gross NPA Ratio stood at 10.91% and the Net NPA ratio at 5.73% at
the end of FY2018. Provision Coverage Ratio (PCR) improved by 464 bps from 61.53%
as on March 2017 to 66.17% as on March 2018. The Bank has approached the National
Company Law Tribunal (NCLT) after the RBI issued directives under the Banking
Regulation Act 1949. As on March 2018, the Bank has ` 77,626 crore of funds tied in
accounts listed before NCLT for resolution. The PCR for these accounts is 63%, which
we believe is adequate for resolution of these accounts. We expect bulk of the resolutions
in NCLT List 1 to go through in H1FY19 and NCLT List 2 is likely to be resolved by end
of FY2019. The retail asset quality has held up well during this period and I do believe
that the corporate credit cycle is also nearing the end. From FY2019 onwards we should
see a significant improvement. Capital Structure Despite the drag on profitability due to
higher provisioning, the Bank remained well capitalised. Through portfolio reordering,
Credit Risk Weighted Assets (CRWA) to gross Advances ratio declined by 780 bps to
71.14% as on 31st March 2018. During the year, the Bank raised ` 15,000 crore of
equity through a very successful QIP, which was the largest ever in India and the third
largest in Asia-Pacific. The Government in turn has infused ` 8,800 crore. ` 5,436 crore
was also raised through disinvestment of 8% stake in SBI Life through IPO route. As a
result, CET 1 Ratio of the Bank improved by 27 bps to 9.68% as on March 2018. Overall
CAR remained at 12.60%, well above the regulatory requirements. New Initiatives
During FY2018, your Bank has undertaken several innovative and new initiatives to
give additional thrust to each and every business segment of the Bank. Some of the
important initiatives taken are as under: • Your Bank completed the historic merger of
SBI with its five Associate Banks and Bhartiya Mahila Bank Ltd. on 1st April, 2017. Due
to the tireless efforts of our team, the whole process went through seamlessly, with no
hiccups either on the technology front or the HR front. Customer onboarding was very
smooth and we are now reaping the synergies of merger on multiple fronts. • In line with
Government of India’s priorities, your Bank has taken multiple initiatives to boost the
affordable housing sector. To meet customer expectations of better and faster delivery
in the home loan segment, your Bank undertook Assured Turn-Around- Time Drive

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which resulted in reduction of average turn-around time (TAT) of Home Loan Sanction
to 9 days by March 2018. This TAT is comparable to the best in the industry. • Your
Bank has come up with two new websites, one exclusively for SBI Home Loans (https://
homeloans.sbi). It updates customers with the latest information regarding Bank’s
home loan products. The other is SBI Realty Website (www.sbirealty. in). This website
showcases your Bank’s approved projects across India to prospective home buyers. It
helps to bring together developers and buyers on a single platform, giving buyers
access to the deals on SBI approved projects. • Specific to the area of affordable
housing, “SBI Grih Nirman Affordable Housing Project Finance Scheme” has been
launched to tap the emerging potential for financing affordable Housing Projects and is
especially geared towards first-time home buyers. Also, your Bank has partnered with
CREDAI in an event where 375 affordable housing projects were launched by builders
across India. • Your Bank has integrated Bank’s Loan Origination System with Vidya
Lakshmi Portal (VLP) of Government of India to ensure better tracking of Education
loan applications and faster sanctioning of loans. • Wealth Management and Transaction
Banking have now become sustainable levers for fee income. Under the Wealth
Management Services, your Bank added 5 new centres and 55 dedicated new Wealth
Hubs during the financial year. The number of customers has increased to 24,168 in
March 2018 from 3,772 in March 2017 and AUM reached ` 14,284 crore in March 2018
from ` 2,996 crore in March 2017. Your Bank has also launched Wealth Management
Services for Non- Resident Indians. • Transaction Banking Unit (TBU), a technology
driven platform, offers comprehensive transaction related products and solutions to
clients. Fee income from TBU was up by 33.6% YoY and Turnover went up by 67.3%
during FY2018. By keeping a track on market developments, your Bank provides
technology based futuristic solutions to clients. • Your Bank launched India’s first
comprehensive digital service platform “YONO” (You Only Need One) which offers
banking and other financial products along with access to India’s largest B2C
marketplace for its customers to meet their lifestyle needs. • With a vision to ‘Be the
Bank of Choice for a Transforming India’, your Bank has successfully implemented the
ambitious project of NHAI - National Electronic Toll Collection (NETC). Your Bank is
issuing SBI FASTag, working on Radio Frequency Identification technology (RFID)
which enables the customers to pay the toll electronically across all the National
Highway Toll plazas. Using SBI FASTag customers can pay their toll electronically and
can top up/recharge their SBI FASTag wallet online through a dedicated portal using
cards or net banking of any bank. SUBSIDIARIES Through its subsidiaries SBI provides
a wide gamut of financial services to its customers. The growth exhibited by the
subsidiaries has been healthy in this financial year. SBI Capital Markets Limited posted

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a PAT of ` 327 crore during FY2018 vis-à-vis ` 252 crore in FY2017. SBI Life Insurance
has proven its market leadership in FY2018 with number 1 position in Individual New
Business Premium among private insurers. The Company recorded PAT of ` 1,150
crore in FY2018 against ` 955 crore in FY2017. SBI Cards’ Credit Card base has grown
by 37% YoY and Spends on card witnessed a YoY growth of 73%. The company
delivered PAT of ` 363 crore for FY2018 vis-à-vis ` 390 crore in FY2017. SBI Funds
Management Private Limited, with an investor base of over 7.8 million posted a PAT of
` 331 crore during FY2018 against ` 224 crore during FY2017. Also, during the current
year SBI Mutual Funds crossed the historic milestone of ` 2 Trillion Assets under
Management (AUM) mark. SBI Global Factors Private Limited, a leading provider of
factoring services for domestic and international trade, displayed turnover of ` 3,555
crore for FY2018 as compared to turnover of ` 3,047 crore in FY2017. The total AUM of
SBI Pension Funds Private Limited as on 31st March, 2018 was ` 89,283 crore,
displaying annual growth of 34% against ` 66,723 crore on 31st March, 2017. Its overall
AUM market share in Private Sector was 58%, while in the Government Sector it was
35%. SBI General Insurance Company Limited recorded 36.1% YoY growth in Gross
Written Premium (` 3,553 crore for FY2018) against an industry growth of 17.5%. The
PAT was ` 396 crore for FY2018 vis-à-vis ` 153 crore in FY2017. The company has
grown by 124.8% in Crop Insurance in FY2018 by actively participating in the PMFBY
schemes and extending geographies. RECOGNITION & AWARDS I am enthused to
share with you the details of some of the awards won by your Bank. We were awarded
the National Award for ‘Highest SHG bank linkages’ for FY2018 by Ministry of Rural
Development. Your Bank has been declared as the Winner of ‘Golden Peacock Award
for Risk Management’ for 2017. SBI has been awarded as The Best Trade Finance
Bank for the South Asia region by Global Trade review, London for the second
consecutive year. For the constant efforts put in by your Bank through the SBI Foundation
to increase its Corporate Social Responsibility footprint, we have been awarded Golden
Globe Tiger Award for Excellence & Leadership in CSR and ET Now CSR Leadership
Awards in various categories. In the area of Information Technology, we won Best Bank
Award for Use of Technology for Financial Inclusion and Best Bank Award for Electronic
Payment Systems among Large Banks in the IDRBT Banking Technology Excellence
Awards. Your Bank’s Hindi House magazine PRAYAS was also accredited with the ‘1st
Prize’ in Rajbhasha Kirti Awards, 2017. Among the Subsidiaries, SBI Life was awarded
India’s Leading insurance Company – Life (Private sector) at the Dun & Bradstreet BFSI
Summit 2018. It was also adjudged as one of the Most Trusted Brand, 2017 for the
Seventh consecutive year by The Economic Times Brand Equity - Nielsen survey. SBI
Pension Funds was adjudged winner in the Pension Fund House Category by Outlook

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Money for FY17. SBI General won the ET Best BFSI Brands Award 2018 and
Bancassurance Leader award in the Insurance awards organised by Fintelekt.
CORPORATE SOCIAL RESPONSIBILITY Your Bank believes that it has a solemn duty
to make sustainable social change in the lives of the less fortunate and underprivileged
members of the society. Your Bank always places the interest of the common man,
especially the most marginalised, at its core. Your Bank earmarked 1% of the previous
year’s net profit as the budget for CSR spend for the year. Its CSR activities are
widespread and deep-rooted and have made a true difference in the lives of thousands
from the underserved and downtrodden communities. CSR is a continuing commitment
of your Bank for developing the quality of life of the community and society as a whole.
During the year, your Bank conducted 23,007 training programs, training 6,13,020
youngsters from rural areas with settlement rate of 68% through its 151 Rural Self
Employment Training Institutes. The CSR spend of the Bank for FY2018 stood at
` 112.96 crore. This is the sixth successive year, where your Bank’s CSR spend has
crossed the milestone of ` 100.00 crore. ENVIRONMENT AND SUSTAINABILITY Your
Bank is committed to environment protection and contributes positively to reduce the
carbon footprint. Major initiatives in this area are, (i) Waste to gold: A project that aims
to motivate and develop the skills of youth to address waste management in the city;
and develop small sustainable businesses for their livelihood as well, and (ii) SBI
Corbett: Under this project, SBI Foundation is providing villages with a sustainable
waste management system and conducting trainings of SHG Workers to provide
awareness in nearby schools and hotels. Responsible interaction with environment to
avoid depletion and degeneration of natural resources and maintaining long term quality
of the environment is a priority for your Bank. Your Bank has contributed ` 2.05 crore
towards the following: (a) Acquiring solar power plant, solar water heater and solar
street lamps, (b) Tree plantations and maintenance of parks and gardens, and (c)
Donating battery operated vehicles. Your Bank has shown its commitment in the
renewable energy space not only by taking up renewable financing but also by building
its own captive renewable capacity through wind energy and solar roof tops. Your Bank
has so far installed 151 solar roof top sites with a capacity of 6.23 MW. WAY FORWARD
The bygone financial year was an exceptional year in many ways. Additionally, the
operating environment of the Banks became more challenging as the year progressed
due to hardening of bond yields. Financial sector volatility also increased and macro
challenges in terms of higher crude prices and trade wars have again gained prominence.
It is in this backdrop, the future strategy of the Bank has to be clearly articulated and
executed. In the next two years the Bank will adopt a strategy that will achieve a healthy
credit growth of 10-12% by 2020. Growth in business will be achieved by a two pronged

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9
strategy comprising of portfolio reordering that will reduce the CRWA to Total advances
ratio and internal reorganisation of the corporate banking. Revamping of corporate credit
structure and system within the Bank will proceed on such lines that will widen the
universe of clients and focus on new segments. The Corporate Accounts Group (CAG)
will focus on high priority and quality individual & group relationships and the concept of
Group relationship coordinators will be introduced. CAG will offer an end-to-end solution
to high quality large corporates focusing on fee income, project finance and supply
chains around large corporates. The credit risk management function will also be
strengthened by on-boarding sector specialists and improving due diligence. Drawing
lessons from the experiences in the banking industry during the last year, the Bank has
further strengthened the overall internal audit and control process. The threat of
competition from market competitors cannot be taken lightly and the Bank will leverage
its balance sheet strength and pricing power to optimise the risk return matrix. HR issues
need a fresh look as usage of advanced digital technology such as Artificial Intelligence
(AI) and big data increases within the Bank. The skill set of the employees needs to be
upgraded in line with the changing operating environment. Given the pace of retirements
in the next five years, it is important to put in place a robust plan of succession. Potential
leaders will be identified and mentored through customised training programmes to
create a strong leadership pipeline. Some of these works are already in progress and
concrete action plan will be implemented in the next two years. The contours of banking
sector are changing in line with the aspirations of young India who is becoming
increasingly technology oriented. The Bank already has a dominant presence in digital
space and we shall strive to further improve our position across all digital channels. The
Bank is actively exploring the use of AI, Cloud Platforms and collaboration with FinTechs
to improve systems and processes. The investments in digital banking by your Bank will
pay rich dividends as issues of asset quality are sorted out. I have no doubt in my mind
that financial year 2019 will be the year of hope and financial year 2020 will be the year
of happiness. In the words of an unknown “The past cannot be changed. The future is
yet in your power”. I thank all our shareholders for their continued faith in our strength
and capabilities, our customers for their valuable support and trust and our employees
for their tireless efforts towards achieving our goals.

Yours Sincerely,

Rajnish Kumar

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 Photographs of Pensioner’s Meet at Bulandshahar, U.P. Meeting held at Main Branch on 16/12/2017

Bhavnagar (Gujarat) based pensioner Shri Mohanbhai P. Chauhan, at the age of 86 won gold Medal in
Javelin throw, silver medal in short put and bronze medal in 4 x 100 relay race in 20th Asian Master Athletics
Tournament held in Sept., 2017 at Rugao in China

Meeting of Pensioner’s Association, Surat Zone was held at Surat on 23/09/2017. The meeting was attended
by around 200 pensioners, including family pensioners. During the meeting 65 pensioners who are above the
age of 74 years and who have completed the golden jubilee of their marriage, were felicitated.

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 MF Education Series: Systematic Withdrawal Plan as
a tool for Retiring / Retired people
A tax effective way to invest in fixed income mutual fund is to invest and then opt for a
Systematic Withdrawal Plan (SWP). Before we start to understand how a SWP works,
here are a few basic aspects and the rationale around the same:
1) Tenor of investments: Investments in Fixed Income Mutual Funds (FIMF) need to
be held for 36 months for them to be eligible for Long Term Capital Gains Tax (LTCG)
2) Type of investment: Investments in FIMFs need to be made in the ‘Growth’ option.
As a result, there will be no income in-flow (as the dividend will be re-invested).
Investment in the Dividend option would result in Dividend Distribution Tax (DDT)
being deducted at source at 25% + 12% Surcharge + 4% education cess = 29.12%
for individuals / HUFs. For Partnership firms and companies, the DDT is at 30% +
+ = 34.94%
3) Taxation: Long Term Capital Gain (LTCG) is payable at 20% after adjusting for
indexation – ie. after adding the inflation cost of 3 years to the purchase price, and
hence bringing down the tax rate substantially when compared to the DDT as seen
in point 2 above
4) Accounting: The withdrawal will be made on a First In First Out (FIFO) accounting
method and hence units purchased first will be considered to be sold when a
withdrawal transaction is made. This is applicable where multiple purchases have
been made in the same scheme. An investor can make systematic investments and
start withdrawals after 3 years, starting from the first investment.
Systematic Withdrawal Plan (SWP) option is offered by all mutual fund schemes. SWP
allows an investor to withdraw any amount on monthly, quarterly or annual dates (some
funds also offer weekly withdrawal options) from existing investments. Given the LTCG
benefit, it is important to stay invested for 36 months prior to starting SWP. So, it is for
investors who can forego income in the first 36 months. Alternatively, SWP can be opted
for investments made 3 years ago. Under SWP, the investor also holds the potential to
clock returns on the remaining investments over a period.
Retired or about to retire people, can take advantage of SWP as a tax effective way of
earning income. As can be seen from Table 2 below, even after 25 years into retirement
(investors age will be 85 years) and adjusting for expense inflation, a decent residual
amount of principal is available to an investor.

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Assumptions – for Illustration
Assumptions
Principal Amount 50 Rs. Lacs
Earnings Rate 7 % p.a.
Withdrawal 25000 Rs. / month
Inflation Adjustment 20 % increase every 5 Yrs
Table 1: Without Inflation – An Illustration
Year Opening Bal Earnings SWP - Rs. p.a. Closing Bal
1 50,00,000 3,00,000 3,00,000 50,00,000
5 51,60,745 3,61,252 3,00,000 52,21,997
10 55,12,990 3,85,909 3,00,000 55,98,899
15 60,07,032 4,20,492 3,00,000 61,27,524
20 66,99,952 4,68,997 3,00,000 68,68,948
25 76,71,807 5,37,026 3,00,000 79,08,834
Table 2: With Inflation – An Illustration
Year Opening Bal Earnings SWP - Rs. p.a. Closing Bal
1 50,00,000 3,50,000 3,00,000 50,50,000
5 52,21,997 3,65,540 3,00,000 52,87,537
10 53,32,503 3,73,275 3,60,000 53,45,778
15 50,89,169 3,56,242 4,32,000 50,13,411
20 42,69,893 2,98,892 5,18,400 40,50,385
25 25,47,229 1,78,306 6,22,080 21,03,455
Investing in Conservative Hybrid Funds can be beneficial as the equity component of 10-
15% will add to the returns. All you need to do is to talk to your wealth manager who
will arrange for setting up a Systematic Withdrawal Plan for you. Some investment
options in the Conservative Hybrid Fund category and their returns are as below:
Investment Options – Conservative Hybrid Mutual Funds – Regular Scheme, Growth option
Scheme Name Month-end Point to point returns (%)
AUM Annualized
(Rs Cr) - 3yr 4yr 5yr 10yr Inception
May 2018
Aditya Birla Sun Life Regular Savings Fund-Growth 2321 9.47 11.59 12.98 11.05 10.00
HDFC Hybrid Debt Fund -Growth 3564 7.32 7.94 10.06 10.55 10.54
ICICI Prudential Regular Saving Fund-Growth 1652 9.61 10.66 11.68 10.43 10.22
Reliance Hybrid Bond Fund - Growth 2039 7.23 8.97 9.71 11.14 10.24
SBI Debt Hybrid Fund - Growth 1550 7.85 9.41 9.16 7.85 8.00
UTI Regular Savings Fund - Growth 2605 8.71 9.87 11.15 10.13 9.97
CRISIL Hybrid 85-45-Conservative Index 8.28 9.16 9.26 8.69 NA
*Returns as on 25Jun2018 and AUM as on 30May18
Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

13
Author: Nimish Shah, Head-Investments, Research & Products, SBI Exclusif.
Disclaimer: The views expressed herein are the personal views of the Author
and not of State Bank of India. The examples and assumptions used are for
illustration purposes only.
The report and information contained herein is of confidential nature and meant only for
the selected recipient and should not be altered in any way, transmitted to, copied or
distributed, in any manner and form, to any other person or to the media or reproduced
in any form, without prior written approval of State Bank of India. The material in this
document/report is based on facts, figures and information that are obtained from
publicly available media or other sources believed to be reliable and hence considered
true, correct, reliable and accurate but State Bank of India does not guarantee or
represent (expressly or impliedly) that the same are true, correct, reliable and accurate,
not misleading or as to its genuineness, fitness for the purpose intended and it should
not be relied upon as such. State Bank of India does not in any way through this
material solicit any offer for purchase, sale or entering into any financial transaction/
commodities/products of any financial instrument dealt in this material. All recipients of
this material should before dealing and or transacting in any of the products referred to
in this material make their own investigation, and seek appropriate professional advice
Prospective investors and others are cautioned and should be alert that any forward-
looking statements are not predictions and may be subject to change without providing
any notice. Actual results may differ materially from those suggested by the forward
looking statements due to risks or uncertainties associated with our expectations with
respect to, but not limited to, exposure to market risks, general economic and political
conditions in India and other countries globally, which have an impact on our services
and / or investments, the monetary and interest policies of India, inflation, deflation,
unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other
rates or prices, the performance of the financial markets in India and globally, changes
in domestic and foreign laws, regulations and taxes and changes in competition in the
industry. By their nature, certain market risk disclosures are only estimates and could
be materially different from what actually occurs in the future. As a result, actual future
gains or losses could materially differ from those that have been estimated.
State Bank of India (including its subsidiaries) and any of its officers directors, personnel
and employees, shall not liable for any loss, damage of any nature, including but not
limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss
of profit in any way arising from the use of this material in any manner and any action
on decision taking to buy, sale, invest, subscribe or entering into any contract for any
financial product or services.
Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

14
The recipient alone shall be fully responsible/ is liable for any decision taken on the
basis of this material. The investments discussed in this material may not be suitable for
all investors. Any person subscribing to or investing in any product/financial instruments
should do so on the basis of and after verifying the terms attached to such product/
financial instrument. Financial products and instruments, are subject to market risks
and yields may fluctuate depending on various factors affecting capital/debt markets.
Please note that past performance of the financial products and instruments does
not necessarily indicate the future prospects and performance thereof. Such past
performance may or may not be sustained in future. State Bank of India (including
its subsidiaries) or its officers, directors, personnel and employees, including persons
involved in the preparation or issuance of this material may; (a) from time to time, have
long or short positions in, and buy or sell the securities mentioned herein or (b) be
engaged in any other transaction involving such securities and earn brokerage or other
compensation in the financial instruments/products/commodities discussed herein or
act as advisor or lender / borrower in respect of such securities/financial instruments/
products/commodities or have other potential conflict of interest with respect to any
recommendation and related information and opinions. The said persons may have
acted upon and/or in a manner which is in conflict with the information contained here.
Mutual Fund and all Financial investments are subject to market risks. Please read the
offer document and scheme related information carefully before investing.

*************

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

15
 SUSTAINABILITY INITIATIVE BY SBI
As a commitment to sustainable cause, like previous years this year too our Bank
observed World Environment Day at it’s branches and offices all through the country.
Many activities were conducted to observe the day in it’s true spirit aiming at protecting
and conserving the environment. The major activities undertaken included:
1. Tree plantation drive and distribution of saplings to staff and public
2. Cleaning of Sea Beach at Mumbai and Chennai by our Staff members.
3. Quiz/Essay/Slogan competition and awareness program on Environment protection
at schools and also among our staff members.
4. Talks by eminent personalities in the Environment field
5. Engaging NGOs and NCC cadets in the drive towards Environment protection.
6. At our Corporate Office, State Bank Bhawan in Mumbai, we introduced eco-friendly
cutlery declaring our Mess and Canteen Area as Plastic free.
7. A “Sustainability Pledge” was taken by all SBI Staff members in the entire country.
Some of the photographs of the same are as under :

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

16
 highlights
GROUP MEDICLAIM POLICY for sbi retirees (POLICY – ‘B’)
RENEWAL OF POLICY on MODIFIED TERMS &
CONDITIONS SUBSIDIZATION OF PREMIUM
With a view to bringing long term sustainability to the policy, it was decided to bring
certain modifications in the policy in consultation with the Insurance Company and the
Insurance Brokers. Based on their suggestions and feedbacks, it has been decided to
implement the following modifications in Policy ‘B’ for the next policy term with effect
from 16.01.2018.
(i) Separate policies for ‘With Domiciliary Cover’ and ‘Without Domiciliary Cover’
under each Plan (Sum Insured) to enable retirees to choose plans as per their
requirement.
(ii) Under the ‘With Domiciliary Cover’ option, domiciliary treatment cover would be
available upto 10% of the Basic Sum Insured.
(iii) Discontinuation of Plans I & J i.e. Sum Insured of Rs. 1.00 lacs & 2.00 lacs, which
were introduced last year, as these are basic plans with limited benefits and
membership under these plans has been very poor.
(iv) Rationalization of ceiling on room rents and ceiling on expenditures for certain
common diseases / ailments on the basis of categorization of centres where
treatment is taken, as already implemented in Policy ‘A’.
(v) There shall be restrictions on free entry / exit from the policy and also restrictions
on free movement between plans on renewal.
Policy ‘B’, the Insurance Company (UIICL) has proposed the following premium
for renewal:
Without Domiciliary Cover With Domiciliary Cover
Sum
Plan Premium GST @ Actual Premium GST @ Actual
Insured
Rate 18% Premium Rate 18% Premium
A 3,00,000 16,524 2,974 19,498 28,110 5,060 33,170
B 4,00,000 26,088 4,696 30,784 42,480 7,646 50,126
C 5,00,000 37,175 6,692 43,867 59,293 10,673 69,966
D 7,50,000 73,062 13,151 86,213 1,03,099 18,558 1,21,657
E 10,00,000 1,10,996 19,979 1,30,975 1,50,702 27,126 1,77,828
F 15,00,000 2,17,790 39,202 2,56,992 2,76,084 49,695 3,25,779
H 25,00,000 2,33,055 41,950 2,75,005 2,89,275 52,070 3,41,345

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

17
Eligibility for Membership:
Eligible new retirees / spouses of deceased employees may join the Policy ‘B’ within 60
days from the date of retirement / death by paying the premium from their own sources.
Other Terms & Conditions:
a) New retirees / other prospective members can choose any one of the plans from
Rs. 3.00 lacs to Rs. 15.00 lacs by paying the premium from their own sources. Pro-
rata premium will be paid in such cases.
b) Coverage for dental treatment / dental surgery will now be available only in case of
hospitalization arising out of accidents.
Subsidization of Premium
With a view to providing some relief to the pensioners in obtaining a reasonable medical
insurance coverage, it has been decided by the Bank to provide subsidy in premium to
all members joining the policy.
The guiding principle for providing subsidy is to enable a pensioner to obtain basic
health insurance coverage i.e. to at least secure a Rs. 3.00 lacs (non-domiciliary) plan.
Accordingly, the scale of subsidy for each category of pensioner on the basis of gross
monthly pension has been worked out as under:
Pensioner Category
Sl Basis of Calculation
(including Family Pensioners)

75% of Gross Premium ‘or’ Rs. 15000 whichever

1. Pension upto Rs. 20000
is lower

60% of Gross Premium ‘or’ Rs. 12000 whichever

3. Pension Rs. 20000 - 30000
is lower

50% of Gross Premium ‘or’ Rs. 12000 whichever

4. Pension Rs. 30000 - 40000
is lower

25% of Gross Premium ‘or’ Rs. 10000 whichever

5. Pension above Rs. 40000
is lower

a) While a member would be free to choose from any of the plans either under
‘domiciliary’ or non-domiciliary’ cover, subsidy would be provided only to the extent
of maximum amount indicated in table above and remaining amount of premium
would have to be borne by the member.
b) For the purpose of determination of pensioner category, gross monthly pension
would be taken as Basic pension + Dearness Relief (uncommuted basic pension).

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c) Subsidy would be administered upfront and the member renewing his / her plan
or enrolling afresh will be required to pay the differential amount of premium after
deducting the admissible subsidy.
Procedure for Membership
a) New retirees, willing to enroll for the policy, will be required to fill up the revised
application form manually by obtaining from branches and submitting to the pension
paying branch along with cheque/debit authority for applicable premium amount.
b) In respect of renewal applications, the net premium to be collected from the
member would be the applicable premium (incl. GST) for the plan selected less the
admissible subsidy amount. The subsidy component for each member enrolled will
be met by Corporate Centre and full premium for each member will be remitted to
the Insurance Company.
c) In respect of new enrolments by members who retire/have retired on or after
16.01.2018, the premium is to be collected on pro-rata basis as per the extant
guidelines. Accordingly, for such members, subsidy amount would also be
admissible on pro-rata basis.

*************

An Invitation
We look forward to your contributions both in English and Hindi for the
next issue of “Second Innings” please write to us if…..

• You have your story of conquering any serious health problem, which can motivate
others to stay fit.
• You have a flair for writing short stories, poems or any other article or you pursue some
unique hobby which you want to share with others.
• You are an ardent traveler and wish to share your experience through your travelogue.
• You or anyone you know has re-defined his “second innings” by doing something
exceptional in personal and social field.
• You reminisce about old “golden days” times and have funny and insightful anecdotes
about your experiences.
• You have managed your money in some unique way and want to share your insights with
others.
….. and we will publish the selected items.

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

19
 Assistance to Retired Employees
in case of Critical Illness
Bank has issued e-Circular No. CDO/P&HRD-IR/107/2017-18 dated 21/03/2018.
The Bank has undertaken various welfare activities related to employees. The endeavour
is to extend the maximum benefits to each employee of the Bank. Currently, the Staff
Welfare Fund is being utilized for benefit of serving employees. It has been decided
to introduce a welfare measure for the retired employees of the Bank in the form of
assistance to them in meeting their medical expenses to a certain extent in respect of
specified diseases.
Coverage
All employees of State bank of India on superannuation from the Bank or those who
have taken VRS after attaining 58 years of age, their spouses and disabled children, if
any, shall be covered under the scheme. The coverage shall also be extended to family
pensioners. The employees who were discharged/ dismissed/ removed/ compulsorily
retired/ terminated from service will not be covered. The scheme will cover medical
expenses incurred by the retired employees/ family pensioners on or after 1st April of the
financial year for critical diseases.
Diseases Covered
Medical expenses incurred on critical illness in respect of specified diseases as
mentioned below shall be covered-
Sr No. Name of Disease
1 Cancer
2 Cardiac Surgery/ Serious Heart Ailments
3 Kidney/ Liver Transplant
4 Dialysis
5 Illness/ Accidents of serious nature involving major surgeries/ life support
system
Expenses covered
i) In case of retired employees / family pensioners covered under ‘Retired Employees
Medical Benefit Scheme’ / ‘Mediclaim Policy for Retired Employees’, the Bank Shall
provide assistance to the extent of 50% of the medical expenses incurred above
the amount payable under the medical scheme / insurance policy. The maximum
amount of assistance shall be restricted to Rs. 5.00 lacs.

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20
ii) In case of retired employees / family pensioners not covered under ‘Retired
Employees Medical Benefit Scheme’ / ‘Mediclaim Policy for Retired Employees’,
the Bank shall provide assistance to the extent of 50 % of the medical expenses
incurred above Rs. 3.00 lacs. The maximum amount of assistance shall be restricted
to Rs. 5.00 lacs.
iii) The assistance shall be provided on first come first serve basis, subject to availability
of fund.
iv) The facility can be availed for only one instance per retired employee / family
pensioner in a year in respect of specified diseases, post facto.
v) Any query / clarification shall be issued by the Chief General Manager (HR).

APPLICATION PROCEDURE
i) The retired employees / family pensioners shall submit their application for
assistance regarding their medical expenses for critical illness at their respective
Administrative Offices, under whose control they are getting pension. The doctor’s
prescription along with discharge summary of hospitalisation and other original bills
/ receipts should be attached to the application.
ii) The Chief Manager (HR) shall arrange to enter the details of application immediately
in the portal opened for the purpose.
iii) The bills shall be scrutinized by the Bank Medical Officer at Administrative Office
before submission.
iv) The Industrial Relations Department at Corporate Centre shall be responsible for
processing of applications.

*************

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

21
 You Only Need One (YONO)
State Bank of India (SBI) launched India’s first comprehensive digital service platform
YONO, acronym for ‘You Only Need One’ on 24th November 2017. It is an integrated
Omni-channel digital platform that offers just about everything related to financial
services and lifestyle products / services. In addition to an array of banking & financial
services, YONO allows customers to meet their lifestyle needs across 16 categories
including booking & renting cabs, entertainment, dining experience, travel & stay,
medical needs and so on. The bank has partnered with over 70 e-commerce players to
provide customized offers and discounts to customers. Some of the key e-commerce
partners include Amazon, Uber, Ola, Myntra, Jabong, Shoppers Stop, Cox & Kings,
Thomas Cook, Yatra, Airbnb, Swiggy, Sonyliv and Byjus, among others.
YONO is a path breaking comprehensive digital offering from SBI, developed using the
world’s latest digital technologies such as Artificial Intelligence, Predictive Analytics and
Machine Learning and can be accessed through a mobile application and web portal.
YONO follows a design thinking approach, keeping delightful customer experience at
the center.
YONO provides best-in-class features available on Mobile App, Tablet and portal
enlisted below:
 Insta Savings Bank Account: Open an account sitting at home with zero
paperwork in less than 5 minutes without leaving your home
• Paperless
• Personalized Platinum debit card
• Concession on bank service charges
 Financial Superstore: Avail financial products
services of 5 State Bank Group companies (SBI
Cards, SBI Mutual Fund, SBI Life Insurance, SBI
General Insurance and SBI Cap Sec).
 Marketplace & Deals: 70+ leading e-commerce
merchants onboard offering exclusive YONO deals,
most of which are better than the best deals.
 Banking simplified - Easy to understand and jargon-
free interface, simple and intuitive navigation.
 Quick pay - Intelligent funds transfer with UPI
enabled payments
 One view - Link and view all State Bank group
relationships (Bank and all JVs) in one app
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22
 Smart spending - Intelligent spending analysis
using smart auto-tagging and categorisation of the
transactions
 Your friend in need - Pre-approved personal loans
on the go (no documentation up to 1 Lac) within 2
minutes without any documentation
 Liquidity on the go - One click facility to avail
overdraft against Fixed Deposit
 Live your dreams - A goal based deposit product
to fulfil your dreams through regular savings
 Non-financial requests executed digitally
How to get started on YONO:
 Download & Browse: Customer can download
the YONO APP from Google Playstore for Android
devices and Apple app store for IOS devices by
searching YONO by SBI in the search bar for their
mobile devices and tablets. Customers can also
access the YONO portal by typing www.yonosbi.com in the browser.
 New customer registration: If you are not an SBI customer and want to open
SBI Insta Account, all you need is your Aadhar and PAN details and complete your
digital account opening on the YONO application itself. You can also avail a Digital
Savings Account with all facilities by applying online and completing the process of
bio-metric authentication with just one visit to a nearby branch.
 Existing customer login: If you are an existing customer of SBI bank, use your
internet banking credentials for first time log in and registration on YONO and you
are set to go. If you do not have internet banking credentials, you can generate
temporary internet banking password using your debit card. After log in YONO is at
your fingertips.
Feedback & Support: A YONO customer can give feedbacks to the team by mailing
at [email protected] or log in to the ‘Support’ section of the App to raise a
complaint, know more about YONO, interact with chatbot SIA and to discover more
features.
YONO is equipped with state of the art technology that is both secure and reliable. The
current offering on YONO is just a beginning and many more journeys will follow to keep
our customers delighted.

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

23
 DEARNESS RELIEF PAYABLE TO BANK’S PENSIONERS FOR
THE MONTHS FEBRUARY 2018 TO JULY 2018
DEARNESS RELIEF PAYABLE TO FAMILY PENSIONERS FOR
THE MONTHS FEBRUARY 2018 TO JULY 2018

ANNEXURE I
RATES OF DEARNESS RELIEF PAYABLE TO PENSIONERS WHO RETIRED A)
PRIOR TO 1.11.1987 AND
B) BETWEEN 1.11.1987 AND 31.10.1992 / 30.06.1993
Sr. Basic Pension + F.D.R. Dearness Relief for the months February 2018 to July
No. (as applicable) 2018 (Average Index – 6551) (Slabs – 1487)
i) Upto Rs. 1250.00 996.29% of aggregate of Basic Pension & F.D.R.
ii) Rs. 1251.00 to Rs. 12,453.62 + 817.85% of aggregate of Basic Pension &
Rs. 2000.00 F.D.R in excess of Rs. 1250.00.
iii) Rs. 2001.00 to Rs 18,587.49 + 490.71% of aggregate of Basic Pension &
Rs. 2130.00 F.D.R in excess of Rs. 2000.00.
iv) Above Rs. 2130.00 Rs. 19,225.41 + 252.79% of aggregate of Basic Pension &
F.D.R in excess of Rs. 2130.00.

DEARNESS RELIEF PAYABLE TO PENSIONERS

WHO RETIRED ON OR AFTER 1.11.1992 / 1.7.1993 UP TO 31.10.1997 / 31.03.1998
Sr. Basic Pension Dearness Relief for the months February 2018 to July
No. 2018
(Average Index – 6551) (Slabs – 1350)
i) Upto Rs. 2400.00 472.50% of Basic Pension.
ii) Rs. 2401.00 to Rs. 11,340.00 + 391.50% of Basic Pension in excess of
Rs. 3850.00 Rs. 2400.00
iii) Rs. 3851.00 to Rs.17,016.75 + 229.50% of Basic Pension in excess of
Rs. 4100.00 Rs. 3850.00
iv) Above Rs. 4100.00 Rs. 17,590.50 + 121.50% of Basic Pension in excess of
Rs. 4100.00

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

24
 DEARNESS RELIEF PAYABLE TO PENSIONERS WHO RETIRED
ON OR AFTER 1.11.1997 / 1.4.1998 UPTO 31.10.2002
Sr. Basic Pension Dearness Relief for the months February 2018 to July
No. 2018
(Average Index – 6551) (Slabs – 1216)

i) Upto Rs. 3550.00 291.84%

ii) Rs. 3551.00 to Rs. 10,360.32 + 243.20% of Basic Pension in excess of

Rs. 5650.00 Rs. 3550.00

iii) Rs. 5651.00 to Rs. 15,467.52 + 145.92% of Basic Pension in excess of

Rs. 6010.00 Rs. 5650.00

iv) Above Rs. 6010.00 Rs. 15,992.83 + 72.96% of Basic Pension in excess of Rs.
6010.00

DEARNESS RELIEF TO PENSIONERS WHO RETIRED

ON OR AFTER 1.11.2002 UP TO 31.10.2007
Average Index (CPI) for quarter ended December 2017 6551

No. of Slabs 1065

Rate of dearness relief on pension for the months February 2018 to 191.70%
July 2018

(ignore decimals from 3rd place onwards)

DEARNESS RELIEF TO PENSIONERS WHO RETIRED

ON OR AFTER 1.11.2007 UPTO 31.10.2012
Average Index (CPI) for quarter ended December 2017 6551

No. of Slabs 928

Rate of dearness relief on pension for the months February 2018 to 139.20%
July 2018

(ignore decimals from 3rd place onwards)

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

25
 DEARNESS RELIEF TO PENSIONERS WHO RETIRED
ON OR AFTER 1.11.2012
Average Index (CPI) for quarter ended December 2017 6551

No. of Slabs 527

Rate of dearness relief on pension for the months February 2018 to 52.70%
July 2018

(ignore decimals from 3rd place onwards)

ANNEXURE II
DEARNESS RELIEF PAYABLE ON FAMILY PENSION
FOR THE MONTHS FEBRUARY 2018 TO JULY 2018
Dearness Relief for Family Pensioners who died or retired
(a) before 1.11.1992 / 1.7.1993
(b) on or after 1.11.1992 / 1.7.1993 but before 1.11.1997 / 1.4.1998
(c) on or after 1.11.1997 / 1.4.1998 but before 01.11.2002
(d) on or after 1.11.2002 but before 1.11.2007 and
(e) on or after 1.11.2007 but before 1.11.2012
(f) on or after 1.11.2012
will be paid as per the tables given for the pensioners in Annexure I.

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

26
 Living with Diabetes
Dr. Vaibhav P. Shirwadkar
Senior Medical Officer
Corporate Centre, Mumbai

There is an epidemic of Diabetes worldwide among which Type 2 diabetes is

commonest worldwide. There are more than 40 million diabetics in India today. By
2025 it is estimated that 300 million will be diabetics in the world among which 25% will
be in India -a dubious distinction.

What is Diabetes?
 Madhu Meh = sweet urine.
 High blood sugars; Insulin absent or not effective.
Types of Diabetes
 Type 1 usually seen in younger age group (less common)
 Type 2 -older age group
 Secondary diabetes-after infection/stress
 Gestational diabetes-in pregnancy
Diabetes is an expensive disease; but is seen in both the
rich and the poor. Despite the advent of newer modalities
of treatment, prevention still remains the best approach to
reduce this burden.
Non-modifiable factors are:
 Age  Family history  Ethnicity
Modifiable factors are:
 Obesity  Sedentary life  Hypertension
 High cholesterol  Smoking  Stress precipitates diabetes in the presence of
these risk factors.
Symptoms of Diabetes:
 Increased thirst, urination and hunger with weight loss
 Recurrent infections/ non-healing wounds

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27
 Genital infections

 Giddiness, abnormal sensations, blurring of vision
Q: Which is the most common symptom of diabetes?
50% patients have no symptoms and are detected on routine blood tests
Who should be tested for diabetes?
 > 35 yrs  Family history  Obesity  Hypertension
 High cholesterol  Sedentary lifestyle
 Past history of high blood sugars  History of delivering a big or large weight
baby or diabetes in pregnancy.
Myths and Facts
 Temporary problem - Life-long disease
 Can be cured - Only controlled
 Develops in a few weeks - Over a period of 8-10 years
 Eating excess sugars causes DM - Total caloric intake is more important
 Good control important when complications develop - Good control essential
from time of detection of diabetes.
 Diabetes has acute and long term complications unlike heart ailments.
 Acute Complications are: Sudden severe increase or decrease in blood sugar
levels, Life threatening if not treated urgently.
 Leading cause of new cases of blindness; diabetics are 25 times more prone to eye
problems.
 20 times more prone to lower limb amputation. Nerve damage causes loss of

sensation.
 6 times higher risk for Paralysis (stroke); 2-3 times higher risk for heart attack.
 5 times more prone to Kidney failure.
Principles of treatment
 To Maintain ideal body weight
 To Control blood sugars
 To Control blood pressure
 To Control cholesterol levels

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28
 Prevention / early treatment of complications

 Stop addictions
 Regular blood sugars measurement as advised by doctor, follow up consultations
with appropriate medicines.
Diet and Exercise
Diet
Diet is one of the most important behavioural aspects of diabetes management. The
nutritional goals for people with type 2 diabetes are to:
 Maintain blood glucose levels as near-normal as possible by balancing food intake
with activity and medications or insulin
 Achieve optimal blood pressure and lipid levels
 Provide appropriate calories for achieving and maintaining a healthy, desirable
body weight
 Manage risk factors and prevent complications of diabetes
 Address individual nutrition needs, incorporating personal and cultural preferences,
willingness to change, and maintenance of the pleasure of eating by restricting
choice only when clearly appropriate
Exercise
 1 hr exercise everyday  Start gradually
 Mild sweating  Protective shoes
 Cardiac and eye check up  Target weight loss: 2-3 kg per month
Intensive lifestyle modification - In people with established type 2 diabetes, intensive
behavioural modification interventions focusing on weight reduction and increasing
activity levels are successful in reducing weight and improving glycemic control (high
blood sugars).
Instructions
Diabetics should not omit any of their meals. They should plan their own meal timings
and make sure that they abide by them. They may consume all types of green leafy
vegetables liberally. Cut down on maida, rawa, rice & its products. Incorporate variety
of cereals such as jowar, bajra, ragi, oats, and barley daily.
Foods such as pasta, spaghetti, noodles, potatoes, yam, beetroot, may be consumed
but specifically in measured quantities. They should consume whole wheat bread

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29
instead of white bread. Salads should be essentially included as part of the meals.
Have early and light dinner.
Thin vegetable soups are recommended as fillers especially for obese patients who need
to lose weight. Thick soups however may be avoided. They should consume whole cut
fruits instead of fruit juices. Restrict to 2 fruits per day. Include 5-6 servings of vegetables
daily and 2-3 servings of fruits daily (apple/papaya/ watermelon/pomegranate) fruits like
chickoo, banana, custard apple, grapes and mango should be taken in moderation.
Non-veg food that is lean meats like chicken, fish need not be restricted but red meats,
prawns, crabs, lobsters, sausages are best avoided.
Sweetened drinks, sugarcane juice, aerated drinks colas, beverages, cakes, pastries,
and mithais, sweet biscuits are to be avoided. If suffering from high blood pressure
take salt as prescribed. Avoid all tinned & canned products. Limit trans-fatty acids.
Trans-fatty acids are found in foods containing partially hydrogenated vegetable oils
such as packaged cookies, chocolates, wafers, crackers, fried foods and other baked
goods; commercially prepared fried foods and some margarine. Avoid Fried foods, puri,
bhajias, farsan, pickles, papads, chutneys, salted biscuits, commercial salad dressings,
products with ajinomoto, processed cheese, soup cubes, buffalo’s milk, cheese,
cream, dalda, butter, margarine, ready-made soups, canned products. Avoid fasting
and feasting. A diet that includes carbohydrates from fruits, vegetables, whole grains,
legumes, and low-fat milk is encouraged.
Spicy foods and rich gravies made of cashewnuts, coconut and groundnut should be
kept in moderation. Limit intake of stimulants like tea or coffee to 2 cups /day. Have
regular consumption of green tea/herbal tea.
Stick to regular meal times: The best tip for a diabetes diet is to eat at regular intervals.
Regular eating habits help your body regulate blood sugar levels. Avoid temptation:
Keep your kitchen free of the food items which you have the cravings for, substitute
them with fresh fruits and diet snacks. Carry a sweet while going for walk or exercise:
It is always advised to carry a sweet along with you while going for walk or exercise in
case you have giddiness, perspiration (hypoglycemia). Limit consumption of alcohol:
Alcoholic drinks have no nutritional value, but contain a lot of calories. Measuring cups
and spoons: Make use of measuring cups and spoons to ensure that your food servings
or portions are of the right size.

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30
Healthy Food Choices
Instead of Consume
Refined cereals (maida, rawa), white bread Whole wheat roti, Mix atta roti, broken wheat
(dalia), wheat bread
Whole Fat Dairy Products (cheese, milk, Low fat Diary Products like (skimmed milk,
yogurt, ice cream, etc) Cow’s skimmed milk curd, paneer)
Red Meats (mutton, beef, pork), organ White Meats (chicken breast or leg piece) fish
meats, shell fish like (prawns, crabs), (pomphret, rawas, surmai), egg white
whole egg
Butter or ghee for cooking Olive oil or Rice bran oil for cooking
Fried foods Baked, Grilled or Roasted foods
Eating Out Eating at Home (where you can control portion
sizes and ingredients)
Exercise - Adults with diabetes are encouraged to perform 30 to 60 minutes of moderate-
intensity aerobic activity (40 to 60 percent V02 max) on most days of the week (at
least 150 minutes of moderate intensity aerobic exercise per week). In the absence
of contraindication (eg, moderate to severe proliferative retinopathy, severe coronary
artery disease). People with type 2 diabetes should also be encouraged to perform
resistance training (exercise with free weights or weight machines) at least twice per
week. Regular exercise is beneficial in type 2 diabetes, independent of weight loss. It
leads to improved glycemic control due to increased responsiveness to insulin.
Benefits of the lifestyle intervention lead to reductions in urinary incontinence, sleep
apnea, depression, and improvements in quality of life, physical functioning, sexual
functioning, and mobility.
Remember “your body is your temple” so you only can take the best care of it.

*************

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

31
 Leading a disease-free Life at 72 years age
with Yoga & Proper Diet
Name : Venkata Rao KKBP
Age : 72 years
Academic Qualifications : B.Com, CAIIB
Yoga Qualifications : National Yoga Teacher
Ayush Ministry, Govt. of India.
Based at : Hyderabad. Ph.9581412305
[email protected]
Work Experience: 30 years in State Bank of India. Retired as AGM in 2001. After
retirement, worked for 3 years as a Banking Consultant in a World Bank project for
Poverty Alleviation in Andhra Pradesh, 12 years in a Corporate Group at Hyderabad as
a Banking Consultant & Training Advisor.
Yoga Background: Learnt Yoga from Bihar School of Yoga, Munger in the year 1997.
Practicing Yoga from that time. Was conducting yoga classes in the Bank Training
Colleges at Hyderabad. Learnt nature cure methods from Govt. Nature Cure Hospital,
Hyderabad in the year 2001. Undergone a 7-day Atma Parisodhana (Self Enquiry)
Programme by Yogi Protoplasm, an intensive Spiritual Practice which helps to learn
achieve control over Body, Breath & Mind. This programme transformed my Life.
Present Work: Based at Hyderabad. Conducting lectures on “Back to Health through
Healing Foods & Yoga”. Inspired by Dr. Khader Vali, a Food Scientist & Homeopath
from Mysore, who offers a solution to all health problems from Constipation to Cancer.
Healing of all diseases (including cancer) can be done through Miracle Millets, Yoga
and associated Healthy life style. I am planning my lectures gradually all over India, to
spread this awareness especially among SBI Family.
My present Life Style : Get up at 3 a.m. Drink 1 ltr. Of Water. Practice Yoga asanas,
Pranayama, Meditation upto 5 a.m. Go for a walk for 1 hour in the National Park. Drink
one glass of coconut milk after the walk. Eat Millet based food at 9 a.m. with veg. curries
and curd. Conduct health lectures from 10 to 1 p.m. depending on the schedule. Eat
only seasonal fruits in the afternoon. Take dinner with millet grains at 7 pm. Drink only

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32
Tamra Jal (water stored overnight in the copper vessel). Use only organic cold pressed
cooking oil in curries. Away from all health- damaging foods like sugar, maida, all bakery
products, coffee, tea etc.
Able to keep disease-free life, without visiting hospitals, doctors, medical shops etc. at
the age of 72 years. Have the energy to work an 18-hours schedule in a day. This has
become possible only because of my Food Habits and Yoga. It is possible for anybody
also by :
1. Eating Millets ( grains with sufficient fibre) . (No Rice, Wheat etc.- grains with least
fibre).
2. Avoid Health damaging foods like Sugar, Maida, Coffee, Tea etc.
3. Keep away from Plastic Water, Plastic Milk, Plastic Oil. (packed in plastic bottles,
sachets, bags etc.)
4. Yogic exercises for 1 hour in the morning.
5. Brisk walk for 75 minutes in the evening.

*************

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

33
 REMEMBERING MY BEST FRIEND
P. Mangalachandran,
Kerala
After I finished working on my Malayalam novel, the first thing I did was to have it read by
my wife. The novel has been an important post-retirement project for me. After a cursory
reading, she returned the spiral bound volume to me. I expected the autobiographic
storyline, woven around the pathetic downfall of janmis in the wake of land reforms and
the leftist uprising in Kerala, would come in for some appreciation from her. Instead, she
was mum. I didn’t dare ask her either.
But after a while, she broke her silence. ‘Do you regret your marriage?’, was her poser.
I was taken aback. Our relationship has been sailing smooth.
She got hold of the book once again and turned the pages. ‘You are writing here’, she
read out, ‘For some, life’s happiness is lost with marriage’, and looked at me inquisitively.
I told her that my observation was with reference to my friend. Then I narrated the story.
I met my friend at Accountant General’s office, Bangalore in1976. Fair, tall, and heavy
built, he would stride up and down the three kilometer distance between home and
office daily carrying his lunch bag. A pair of rubber slippers would last him only a month
by which time it would have worn out to the point of perforation. When Emergency was
declared, I was told, he stopped shaving and having haircut in protest. Many of his
friends followed suit. The vow ended when the Janata party came to power in 1977.
Curiously for me, he wore black glasses inside the office also. He later disclosed that
a severe viral infection left him blind in his left eye which had to be surgically removed.
He had a prosthetic eye in its place. The trauma of losing an eye was also a story of the
deep realization that dawned in him not to be short-tempered in life.
We were in the same Pension Audit cell. We became regular visitors to the public library
at Cubbon Park. My reading habit thus got a shot in the arm. On our way to and from
library , we would discuss many topics of common interest. Exchange of ideas between
a village-bred novice that was me and a smart and superbly communicative urban
youth! I could discuss any general matter with him. In the process, I learnt a lot. He
became my best friend. Our intimacy lasted six years.

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34
It was then that I had to leave Bangalore to join SBI in Northeast. STD facility was
scarce and expensive those days. Still I called him once in a while. After some time, I
lost contact with him completely.
Three long decades elapsed. I was in Bangalore attending a conference. Driven by
old memories, I ventured out to locate my friend’s house near Shivajinagar bus station
where he had taken me one day to meet his father and mother. My excitement knew
no bounds when I found the topography of the street unchanged. The only change was
there were a variety of cars parked on both sides.
A man directed me to the door. The door opened. And I could not believe my eyes!
My friend had turned frail and old beyond recognition. I could not readily connect with
him though he wore dark glasses. He told me his story. As fate would have it, he got
married. As days went by, his wife was diagnosed for infertility. The conundrum of long
drawn infertility treatment involving abortions and re-attempts gave them hell of a life for
six long years! Finally a daughter was born. The daughter grew up smart and brilliant.
She was studying in final year degree class. The couple got the shock of their life, as
one morning they woke up to see their daughter missing. She had eloped with a boy
from a different caste! Caught under the trauma, the friend became severely diabetic.
Light started fading this time in his right eye. His wife became a psychiatric patient.
‘Did you see your daughter?’ – I queried. His eyes welled up. ‘Only two phone calls in
six months. She is pregnant now…’
That was five years back. The girl still lives alienated. Poor health is haunting my friend
and his wife.
Incidentally, let me also recall a veteran’s words. For the heck of it. On our way to the
library, my friend and I used to eat plantain and peanut chikki at one Aboobacker’s kiosk
situated near AG’s office. Once, incidentally, the sexagenarian Aboobacker was heard
muttering in Tamil - ‘kalyanam pannathungo, life ruinayidum…’ He meant – ‘Don’t ever
get married. For, life will get ruined.’ Our only response was a big guffaw!

*************

Second Innings | Volume 10 | Issue 3 & 4 | Oct.17 To Dec.17 & Jan.18 To Mar.18

35
 SANJEEVANI – SBI HR HELPLINE
ONE STOP SOLUTION TO ALL YOUR QUERIES
Bank has introduced IVRS - Interactive Voice Response System, e-mail and SMS system
as a single spot solution for all the queries of pensioners by introducing SANJEEVANI. The
purpose is to clearly understand the query and for further analysis and quick resolution.

Name of the office Sanjeevani- SBI HR Helpline

Purpose Pension related queries/grievances
Who can contact All SBI Pensioners
How to contact: (i) Voice Call (at 022-22858130) on
Pensioners can reach to any working day between 10:30 hrs.
SANJEEVANI- HR HELPLINE through 18:00 hrs.
any of the modes written alongside.
For voice calls – please follow the
Interactive Voice Response System
(IVRS)
(ii) e-mail (Using Pensioner’s registered e-mail-ID with HRMS domain) to:
[email protected]

(Please register your mobile and e-mail ID in HRMS, if not done so far. Calls/
Mails received from registered numbers will only be entertained.)

Pensioners should mention her/his PF ID in the subject line. The other

details viz. contact number, nature of query/ grievance etc. can be given in the
body of the mail.
(iii) SMS “HELPHR followed by space and PF ID of pensioner concerned)
(HeLPHR xxxxxxx) to 567676
The SMS will be responded on the next working day by a call from
SANJEEVANI Team on the registered mobile.
Nature of Grievances All kind of SBI Pension related
grievances which are unresolved at
pension paying branch/LHO PPG
Deptt.
Who will be available for staff at Officials in Senior Management Grade.
Sanjeevani-SBI Helpline
How will the pensioner know that the If the query is not resolved immediately
query is recorded/ registered on call, a ticket number will be
generated by the system and that ticket
number will be sent to the concerned
pensioner via SBI e-mail. In addition, an
SMS giving details of its ticket will also
be sent to the registered mobile number
of the concerned pensioner.
Resolution of the Complaint/Query/ SMS and e-mail will be received by the
Grievance raised through the ticket pensioner concerned informing him that
number. the grievance has been resolved.
In order to clearly understand the query and for further analysis, it has been
decided to record all the conversations with SAnJeeVAnI-HR HeLPLIne

The viewsInnings
Second expressed in this
| Volume 10 magazine
| Issue 3 &are
4 |not necessarily
Oct.17 To Dec.17those of the
& Jan.18 ToState
Mar.18Bank of India. It is not a priced publication.
Printed, published and edited by State Bank of India, Corporate Centre, PPG Dept., 16th Floor, Madam Cama Road,
Mumbai - 400 021. Tel. No. : 022-2274 1663 and printed at WESTERN PRESS PRIVATE LIMITED 1st Floor, ‘B’ Wing, Todi
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