ICICI Bank 2012 Annual Report Download - page 11
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N. S. KANNAN
Executive Director and
Chief Financial Officer
SUBSIDIARY COMPANIES
At March 31, 2012, ICICI Bank had 17 subsidiaries as listed in the
following table:
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 Bank Eurasia Limited
Liability Company
ICICI Prudential Trust Limited ICICI Securities Holdings Inc.2
ICICI Securities Limited ICICI Securities Inc.3
ICICI Securities Primary
Dealership Limited
ICICI International Limited
ICICI Venture Funds Management
Company Limited
ICICI Home Finance
Company Limited
ICICI Investment Management
Company Limited
ICICI Trusteeship Services Limited
ICICI Prudential Pension Funds
Management Company Limited1
1. Subsidiary of ICICI Prudential Life Insurance Company Limited.
2. Subsidiary of ICICI Securities Limited.
3. Subsidiary of ICICI Securities Holdings Inc.
The Ministry of Corporate Affairs (MCA) vide its Circular
No.51/12/2007-CL-III dated February 8, 2011 has granted general
exemption under Section 212(8) of the Companies Act, 1956 to
companies from attaching the accounts of their subsidiaries in
their annual reports subject to fulfilment of certain conditions
prescribed. The Board of Directors of the Bank at its Meeting held
on April 27, 2012 noted the provisions of the circular of MCA and
passed the necessary resolution granting the requisite approvals
for not attaching the balance sheet, profit & loss account, report
of the board of directors and report of the auditors of each of
the subsidiary companies to the accounts of the Bank. The Bank
will make available these documents/details upon request by any
Member of the Bank. These documents/details will be available on
the Bank’s website (www.icicibank.com) and will also be available
for inspection by any Member of the Bank at its Registered Office
and Corporate Office and also at the registered offices of the
concerned subsidiaries. As required by Accounting Standard-21
(AS-21) issued by the Institute of Chartered Accountants of India,
the Bank’s consolidated financial statements included in this
“We have a diversified
financial services franchise,
extensive physical
distribution, strong
technology capabilities and a
healthy financial profile. We
will leverage these strengths
for growth, while continuing
our focus on profitability and
risk management to achieve
sustainable value creation.”
Annual Report 2011-2012 9