ICICI Bank 2008 Annual Report Download - page 34

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Directors’ Report
DIRECTORS’ RESPONSIBILITY STATEMENT
The Directors confirm:
1. that in the preparation of the annual accounts, the applicable accounting standards have been followed,
along with proper explanation relating to material departures;
2. that they have selected such accounting policies and applied them consistently and made judgements
and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs
of the Bank at the end of the financial year and of the profit or loss of the Bank for that period;
3. that they have taken proper and sufficient care for the maintenance of adequate accounting records,
in accordance with the provisions of the Banking Regulation Act, 1949 and the Companies Act, 1956
for safeguarding the assets of the Bank and for preventing and detecting fraud and other irregularities;
and
4. that they have prepared the annual accounts on a going concern basis.
ACKNOWLEDGEMENTS
ICICI Bank is grateful to the Government of India, RBI, SEBI and overseas regulators for their continued
co-operation, support and advice. ICICI Bank wishes to thank its investors, the domestic and international
banking community, investment bankers, rating agencies and stock exchanges for their support.
ICICI Bank would like to take this opportunity to express sincere thanks to its valued clients and customers
for their continued patronage. The Directors express their deep sense of appreciation of all the employees,
whose outstanding professionalism, commitment and initiative has made the organisation’s growth and
success possible and continues to drive its progress. Finally, the Directors wish to express their gratitude
to the Members for their trust and support.
For and on behalf of the Board
Place : Mumbai N. VAGHUL
Date : May 27, 2008 Chairman
Compliance with the Code of Business Conduct and Ethics
I confirm that all Directors and members of the senior management have affirmed compliance with ICICI
Bank Code of Business Conduct and Ethics for the year ended March 31, 2008.
K. V. Kamath
Managing Director & CEO
Place : Mumbai
Date : April 26, 2008
32
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