ICICI Bank 2010 Annual Report Download - page 124

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39. Farm loan waiver
The Ministry of Finance, Government of India had issued guidelines for the implementation of the Agriculture debt waiver
and relief scheme for farmers on May 23, 2008. The Bank has implemented the scheme as per guidelines issued by RBI
circular DBOD No. BP.BC.26/21.04.048/2008-09 dated July 30, 2008 on “Agricultural Debt Waiver and Debt Relief Scheme,
2008 – Prudential norms on income recognition, asset classification and provisioning and Capital Adequacy”.
Pursuant to the scheme an aggregate amount of Rs. 2,758.1 million (March 31, 2009: Rs. 2,666.7 million) has been waived
which is recoverable from Government of India. Of the above, an amount of Rs. 1,220.8 million has been received by
March 31, 2010 (March 31, 2009: Rs. 773.0 million) and balance of Rs. 1,537.3 million (March 31, 2009: Rs. 1,893.7 million)
is receivable in future.
40. Transfer of merchant acquiring operations
During the year ended March 31, 2010, the Bank and First Data, a global company engaged in electronic commerce and
payment services, formed a merchant acquiring alliance and a new entity, 81.0% owned by First Data, was formed, which
has acquired ICICI Bank’s merchant acquiring operations through transfer of assets, primarily comprising fixed assets and
receivables, and assumption of liabilities, for a total consideration of Rs. 3,744.0 million. This transfer of assets and liabilities
to the new entity would be considered a ‘slump sale’ for tax purposes. The Bank realised a profit of Rs. 2,029.0 million from
this transaction, which is included in Schedule 14 - “Other income”.
41. Provision Coverage Ratio
The provision coverage ratio of the Bank at March 31, 2010 computed as per the RBI circular dated December 1, 2009
is 59.5%. The Bank has been permitted by RBI to achieve the stipulated level of 70.0% in a phased manner by
March 31, 2011.
42. Bancassurance
During the year March 31, 2010, the Bank earned fees/remuneration of Rs. 2,955.9 million in respect of the bancassurance
business.
43. Concentration of Deposits, Advances, Exposures and NPAs
RBI has recently issued new guidelines for additional disclosures by Banks vide its circular reference DBOD.BP.BC.
No.79/21.04.018/2009-10. The following tables set forth, for the periods indicated, the additional disclosures.
(I) Concentration of deposits, advances, exposures and NPAs
Rupees in million
Concentration of Deposits Year ended
March 31, 2010 Year ended March 31, 2009
Total deposits of twenty largest depositors ................................................. 304,189.2 424,751.8
Deposits of twenty largest depositors as a percentage of total deposits
of the Bank .................................................................................................... 15.06% 19.45%
Rupees in million
Concentration of advances1Year ended
March 31, 2010 Year ended March 31, 2009
Total advances to twenty largest non-bank borrowers ................................ 881,190.5 817,692.1
Advances to twenty largest borrowers as percentage of total advances
of the Bank .................................................................................................... 18.09% 15.24%
1. Represents credit exposure as per RBI guidelines on exposure norms. Total advances do not include the exposure to consolidated
entities which are deducted from capital funds of the Bank.
Rupees in million
Concentration of exposures1Year ended
March 31, 2010 Year ended March 31, 2009
Total exposure to twenty largest non-bank borrowers ................................ 904,426.8 860,515.8
Exposures to twenty largest non-bank borrowers as percentage of total
exposure of the Bank on borrowers. ............................................................ 17.50% 15.42%
1. Represents credit and investment exposures as per RBI guidelines on exposure norms. Total exposure does not include the
exposure to consolidated entities which are deducted from capital funds of the Bank. It also does not include SLR investments
and mandatory contributions towards shortfall in advances to priority sector.
schedules
forming part of the Accounts (Contd.)