ICICI Bank 2010 Annual Report Download - page 161

F81
schedules
forming part of the Consolidated Accounts (Contd.)
10. Information about business and geographical segments
A. Business segments for the year ended March 31, 2010
During the quarter ended June 30, 2008, a new business segment viz. ‘Venture fund management’ had been identified for
the purpose of consolidated segment reporting as the result of this segment exceeded the threshold limits for identifying
reportable segment as set out in AS 17 on ‘segment reporting’ issued by ICAI. Though the results of this segment does
not exceed the threshold for identifying reportable segment for the year ended March 31, 2010, the segment has been
disclosed as a reportable segment in accordance with AS 17 on ‘segment reporting’ issued by ICAI.
The primary segment for the Group has been presented as follows:
1. Retail banking includes exposures of the Bank which satisfy the four criteria of orientation, product, granularity and low
value of individual exposures for retail exposures laid down in the Basel Committee on Banking Supervision document
‘International Convergence of Capital Measurement and Capital Standards’, as per the RBI guidelines for the Bank.
2. Wholesale banking includes all advances to trusts, partnership firms, companies and statutory bodies, by the Bank
which are not included under Retail Banking segment, as per the RBI guidelines for the Bank.
3. Treasury includes the entire investment portfolio of the Bank, ICICI Eco-net Internet and Technology Fund, ICICI Equity
Fund, ICICI Emerging Sectors Fund, ICICI Strategic Investments Fund and ICICI Venture Value Fund (with effect from
June 30, 2009).
4. Other banking business includes hire purchase and leasing operations and other items not attributable to any
particular business segment of the Bank. Further, it includes the Bank’s banking subsidiaries i.e. ICICI Bank UK
PLC, ICICI Bank Canada and its subsidiary, namely, ICICI Wealth Management Inc. (up to December 31, 2009) and
ICICI Bank Eurasia LLC.
5. Life insurance represents results of ICICI Prudential Life Insurance Company Limited.
6. General insurance represents results of ICICI Lombard General Insurance Company Limited.
7. Venture fund management represents results of ICICI Venture Funds Management Company Limited.
8. Others includes ICICI Home Finance Company Limited, ICICI International Limited, ICICI Securities Primary Dealership
Limited, ICICI Securities Limited, ICICI Securities Holdings Inc., ICICI Securities Inc., ICICI Prudential Asset Management
Company Limited, ICICI Prudential Trust Limited, ICICI Investment Management Company Limited, ICICI Trusteeship
Services Limited, TCW/ICICI Investment Partners LLC., ICICI Kinfra Limited, ICICI West Bengal Infrastructure Development
Corporation Limited, Loyalty Solutions & Research Limited, I-Ven Biotech Limited and ICICI Prudential Pension Funds
Management Company Limited (with effect from June 30, 2009).
Income, expenses, assets and liabilities are either specifically identified with individual segments or are allocated to
segments on a systematic basis.
All liabilities are transfer priced to a central treasury unit, which pools all funds and lends to the business units
at appropriate rates based on the relevant maturity of assets being funded after adjusting for regulatory reserve
requirements.
The results of reported segments for the year ended March 31, 2010 are not comparable with that of reported segments
for the year ended March 31, 2009, to the extent additional entities have been consolidated.