ICICI Bank 2011 Annual Report Download - page 155
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F77
The following table sets forth, for the periods indicated, the balance payable to/receivable from key management personnel.
forming part of the Consolidated Accounts (Contd.)
` in million
Items At
March 31, 2011
At
March 31, 2010
Deposits ............................................................................................................... 13.3 16.9
Advances ............................................................................................................. 7.7 8.1
The following table sets forth, for the periods indicated, the maximum balance payable to/receivable from key
management personnel. ` in million
Items Year ended
March 31, 2011
Year ended
March 31, 2010
Deposits ............................................................................................................... 45.4 66.1
Advances ............................................................................................................ 11.1 26.1
Investments ......................................................................................................... 3.5 9.1
The following table sets forth, for the periods indicated, the maximum balance payable to/receivable from relatives of
key management personnel.
Items Year ended
March 31, 2011
Year ended
March 31, 2010
Deposits ............................................................................................................... 22.3 23.2
Advances ............................................................................................................. 9.1 12.2
Investments ......................................................................................................... –0.3
` in million
4. Employee stock option scheme (ESOS)
ICICI Bank:
In terms of the ESOS, as amended, the maximum number of options granted to any eligible employee in a financial year
shall not exceed 0.05% of the issued equity shares of the Bank at the time of grant of the options and aggregate of all
such options granted to the eligible employees shall not exceed 5.00% of the aggregate number of the issued equity
shares of the Bank on the date(s) of the grant of options. Under the stock option scheme, eligible employees are entitled
to apply for equity shares. Options granted for fiscal 2003 and earlier years vest in a graded manner over a three-year
period, with 20.00%, 30.00% and 50.00% of the grants vesting in each year commencing from the end of 12 months
from the date of grant. Options granted for fiscal 2004 to 2008 vest in a graded manner over a four-year period, with
20.00%, 20.00%, 30.00% and 30.00% of the grants vesting in each year commencing from the end of 12 months from
the date of grant. Options granted in April 2009 vest in a graded manner over a five year period with 20.00%, 20.00%,
30.00% and 30.00% of grant vesting each year, commencing from the end of 24 months from the date of grant. Options
granted in March 2010 onwards would vest in a graded manner over a four year period with 20.00%, 20.00%, 30.00%
and 30.00% of grant vesting each year, commencing from the end of 12 months from the date of grant. The options can
be exercised within 10 years from the date of grant or five years from the date of vesting, whichever is later. As per the
scheme, the exercise price of the Bank’s options is the last closing price on the stock exchange, which recorded highest
trading volume preceding the date of grant of options. Hence, there was no compensation cost based on intrinsic value
of options.
Items At
March 31, 2011
At
March 31, 2010
Deposits ................................................................................................................ 35.8 38.5
Advances .............................................................................................................. 10.6 6.7
Investments .......................................................................................................... 3.5 3.6
Employee Stock Options Outstanding1 (Nos.) .................................................... 2,263,000 1,254,250
Employee Stock Options Exercised1 ................................................................... –46.3
1. During the year ended March 31, 2011, no employee stock options were exercised by the key management personnel of the Bank
(March 31, 2010: 121,875).
The following table sets forth, for the periods indicated, the balance payable to/receivable from relatives of key
management personnel.
` in million, except number of shares
schedules