ICICI Bank 2011 Annual Report Download - page 108

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20. Provision on standard assets
The Bank makes provision on standard assets as per applicable RBI guidelines.
The Bank has not written back any standard asset provision pursuant to the RBI circular no. DBOD.BP.BC.83/21.01.002/2008-09
dated November 15, 2008. The provision on standard assets held by the Bank at March 31, 2011 (including ` 435.4 million
on account of amalgamation of Bank of Rajasthan) was ` 14,796.0 million (March 31, 2010: ` 14,360.6 million).
21. Provision Coverage Ratio
The provision coverage ratio of the Bank at March 31, 2011 computed as per the RBI circular dated December 1, 2009 is
76.0% (March 31, 2010: 59.5%).
22. 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 ` 2,763.3 million (March 31, 2010: ` 2,758.1 million) has been waived which
is recoverable from Government of India. Of the above, an amount of ` 2,757.5 million has been received by March 31, 2011
(March 31, 2010: ` 1,220.8 million) and balance ` 5.8 million (March 31, 2010: ` 1,537.3 million) is receivable in future.
At August 12, 2010, erstwhile Bank of Rajasthan had an aggregate amount of ` 32.0 million which was recoverable from
Government of India. Of the above, an amount of ` 31.4 million has been received by March 31, 2011 and balance ` 0.6
million is receivable in future.
23. Securitisation
The Bank sells loans through securitisation and direct assignment. The following tables set forth, for the periods indicated,
the information on securitisation and direct assignment activity of the Bank as an originator.
` in million, except number of loans securitised
Year ended
March 31, 2011
Year ended
March 31, 2010
Total number of loan assets securitised ............................................................. —33
Total book value of loan assets securitised ........................................................ —81,309.4
Sale consideration received for the securitised assets ..................................... —81,493.7
Net gain/(loss) on account of securitisation1 ...................................................... (5,492.7) (5,093.8)
1. Includes loss booked upfront on sales during the year, gain/(loss) on deal closures, gain amortised during the year and expenses
relating to utilisation of credit enhancement.
` in million
At
March 31, 2011
At
March 31, 2010
Outstanding credit enhancement (funded) ........................................................ 5,266.2 9,987.3
Outstanding liquidity facility ............................................................................... 1,246.6 3,196.9
Net outstanding servicing asset/(liability) .......................................................... (17.4) 225.7
Outstanding subordinate contributions ............................................................. 6,017.0 7,424.3
The outstanding credit enhancement in the form of guarantees amounted to ` 16,006.0 million at March 31, 2011
(March 31, 2010: ` 19,920.0 million).
Outstanding credit enhancement in the form of guarantees for third party originated securitisation transactions amounted
to ` 8,639.0 million at March 31, 2011 (March 31, 2010: ` 6,442.0 million) and outstanding liquidity facility for third party
originated securitisation transactions amounted to Nil at March 31, 2011 (March 31, 2010: ` 0.2 million).
The following table sets forth, for the periods indicated, the details of provision for securitisation and direct assignment
transactions. ` in million
Particulars Year ended March
31, 2011
Year ended March
31, 2010
Opening balance ..................................................................................................................... 2,253.8 5,567.2
Add: Additions during the year .......................................................................... 2,277.1 1,038.4
Less: Deductions during the year ....................................................................... (2,167.1) (4,351.8)
Closing balance ................................................................................................... 2,363.8 2,253.8
forming part of the Accounts (Contd.)
schedules