ICICI Bank 2009 Annual Report Download - page 10

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8
Directors’ Report
Believing in every drop
that makes the ocean.
Every rupee saved is a promise for a brighter future.
Our 'Savings & Deposits' services attempt to
nurture the savings of millions of Indians.
Sandeep Bakhshi
Deputy Managing Director
“We continue to expand
our branch network
across rural and urban
India, with the branch as
an integrated sales and
service point for our wide
range of retail products
and services. This is
complemented by our
continuing innovation
in technology-driven
channels like internet
and mobile banking,
to enhance choice and
convenience for our
customers. Meeting
customer needs
effectively through
improved efficiency and
service quality is our
core focus.”
SUBSIDIARY COMPANIES
At March 31, 2009, ICICI Bank had 17 subsidiaries as listed below:
Domestic Subsidiaries International Subsidiaries
ICICI Prudential Life Insurance
Company Limited ICICI Bank UK PLC
ICICI Lombard General Insurance
Company Limited ICICI Bank Canada
ICICI Prudential Asset Management
Company Limited ICICI Wealth Management Inc.1
ICICI Prudential Trust Limited ICICI Bank Eurasia Limited
Liability Company
ICICI Securities Limited ICICI Securities Holdings Inc.2
ICICI Securities Primary Dealership Limited ICICI Securities Inc.3
ICICI Venture Funds Management
Company Limited
ICICI International Limited
ICICI Home Finance Company Limited
ICICI Investment Management
Company Limited
ICICI Trusteeship Services Limited
1. Subsidiary of ICICI Bank Canada.
2. Subsidiary of ICICI Securities Limited.
3. Subsidiary of ICICI Securities Holdings Inc.
ICICI Prudential Pension Funds Management Company Limited has been
incorporated on April 22, 2009 as a 100% subsidiary of ICICI Prudential Life
Insurance Company Limited.
As approved by the Central Government vide letter dated April 20, 2009 under
Section 212(8) of the Companies Act, 1956, copies of the balance sheet, profit &
loss account, report of the board of directors and report of the auditors of each of
the subsidiary companies have not been attached to the accounts of the Bank for
fiscal 2009. The Bank will make available these documents/details upon request