ICICI Bank 2008 Annual Report Download - page 109

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F35
schedules
forming part of the Accounts (Contd.)
ii) Non-performing investments in securities, other than government and other approved securities
The movement in gross non-performing investments in securities, other than government and other approved securities
for the year ended March 31, 2008 and March 31, 2007 is given below:
Rupees in million
Particulars Year ended
March 31, 2008
Year ended
March 31, 2007
Opening balance ................................................................................................. 3,083.1 2,595.9
Additions during the year .................................................................................... 851.3 916.1
Reduction during the year ................................................................................... (244.8) (428.9)
Closing balance ................................................................................................... 3,689.6 3,083.1
Total provisions held ........................................................................................... 2,276.3 2,045.9
16. Repurchase transactions
The details of securities sold and purchased under repos and reverse repos during the year ended March 31, 2008 and
March 31, 2007 are given below:
Rupees in million
Minimum
outstanding
balance during
the year
Maximum
outstanding
balance during
the year
Daily average
outstanding
balance during
the year
Balance as
on year end
Year ended March 31, 2008
Securities sold under repurchase transaction .................. — 101,463.6 34,644.5 24,496.8
Securities purchased under reverse
repurchase transaction ..................................................... — 23,044.2 1,330.2 —
Year ended March 31, 2007
Securities sold under repurchase transaction .................. — 55,823.8 17,020.1 4,760.6
Securities purchased under reverse
repurchase transaction ..................................................... — 5,100.1 110.1 —
Note: The above figures do not include securities sold and purchased under Liquidity Adjustment Facility (“LAF”) of RBI. The above figures
are for Indian branches only.
17. Lending to sensitive sectors
The Bank has lending to sectors, which are sensitive to asset price fluctuations. The sensitive sectors include capital market
and real estate.
The position of lending to capital market is given below:
Rupees in million
As on
March 31, 2008 As on
March 31, 2007
Capital market sector
i) Direct investment in equity shares, convertible debentures and units of
equity-oriented mutual funds the corpus of which is not exclusively invested
in corporate debt. 29,240.6 12,773.5
ii) Advances against shares/bonds/debentures or other securities or on
clean basis to individuals for investment in shares (including IPOs/ESOPs),
convertible bonds, convertible debentures, and units of equity-oriented
mutual funds. 14,324.2 7,763.8
ICICI_BK_AR_2008_(F1_F46).indd 35ICICI_BK_AR_2008_(F1_F46).indd 35 6/20/08 3:25:43 PM6/20/08 3:25:43 PM