ICICI Bank 2008 Annual Report Download - page 96

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F22
schedules
forming part of the Accounts (Contd.)
b) The maturity pattern of assets and liabilities of the Bank as on March 31, 2007 is given below:
Rupees in million
Maturity buckets Loans &
Advances1
Investment
securities1
Deposits1Borrowings1Total foreign
currency
assets
Total foreign
currency
liabilities
1 to 14 days ........................... 92,885.1 45,292.9 223,743.2 9,453.3 94,285.0 47,662.5
15 to 28 days ......................... 24,562.0 97,922.7 104,126.2 5,694.1 12,626.0 10,878.7
29 days to 3 months ............. 96,063.1 97,022.5 341,989.9 44,171.4 34,763.7 54,592.9
3 to 6 months ........................ 128,770.4 85,208.4 322,724.8 70,423.4 28,473.7 56,766.2
6 months to 1 year ................ 208,006.2 173,803.9 594,972.4 82,016.6 92,005.7 83,910.9
1 to 3 years ............................ 763,016.1 156,450.4 674,036.1 158,216.9 56,812.0 137,945.8
3 to 5 years ............................ 251,094.3 68,280.5 31,354.7 122,375.6 68,987.5 103,222.6
Above 5 years ........................ 394,258.8 188,597.1 12,154.6 20,209.0 105,876.0 71,292.1
Total ...................................... 1,958,656.0 912,578.4 2,305,101.9 512,560.3 493,829.6 566,271.7
1. Includes foreign currency balances.
8. Related party transactions
The Bank has transactions with its related parties comprising of subsidiaries, associates/joint ventures/other related entities
and key management personnel.
Subsidiaries
ICICI Venture Funds Management Company Limited, ICICI Securities Primary Dealership Limited, ICICI Securities Limited,
ICICI International Limited, ICICI Trusteeship Services Limited, ICICI Home Finance Company Limited, ICICI Investment
Management Company Limited, ICICI Securities Holdings Inc., ICICI Securities Inc., ICICI Bank UK PLC, ICICI Bank Canada,
ICICI Prudential Life Insurance Company Limited1, ICICI Lombard General Insurance Company Limited1, ICICI Prudential
Asset Management Company Limited1, ICICI Prudential Trust Limited1, ICICI Bank Eurasia Limited Liability Company and
ICICI Wealth Management Inc.
1. Jointly controlled entities.
Associates/Joint Ventures/other related entities
ICICI Equity Fund1, ICICI Eco-net Internet and Technology Fund1, ICICI Emerging Sectors Fund1, ICICI Strategic Investments
Fund1, ICICI Kinfra Limited1,2, ICICI West Bengal Infrastructure Development Corporation Limited1,2, ICICI Property Trust,
Financial Information Network and Operations Limited2, TCW/ICICI Investment Partners LLC, TSI Ventures (India) Private
Limited, I-Process Services (India) Private Limited2, I-Solutions Providers (India) Private Limited2, NIIT Institute of Finance,
Banking and Insurance Training Limited2, ICICI Venture Value Fund2, Comm Trade Services Limited2, Loyalty Solutions &
Research Limited2, Café Network Limited2, Traveljini.com Limited2 and Firstsource Solutions Limited2 (Bank’s holding is
24.97% as on March 31, 2008).
1. Entities consolidated under Accounting Standard - 21 (AS-21) on “Consolidated Financial Statements”.
2. With respect to entities, which have been identified as related parties from the financial year ended March 31, 2008, previous year’s
comparative figures have not been reported..
The following are the significant transactions between the Bank and its related parties.
Insurance services
During the year ended March 31, 2008, the Bank paid insurance premium to insurance subsidiaries amounting to
Rs. 1,065.3 million (March 31, 2007: Rs. 1,191.1 million). During the year ended March 31, 2008, the Bank received claims
from insurance subsidiaries amounting to Rs. 713.9 million (March 31, 2007: Rs. 725.4 million).
ICICI_BK_AR_2008_(F1_F46).indd 22ICICI_BK_AR_2008_(F1_F46).indd 22 6/20/08 3:25:00 PM6/20/08 3:25:00 PM