ICICI Bank 2013 Annual Report Download - page 107

F29
The revision in the policy for loan classification and provisioning for non-performing loans held at the overseas branches,
as detailed in Schedule 17 Significant Accounting Policies para 1a, does not have significant impact on the loan loss
provisions made by the Bank at March 31, 2013.
18. Provision on standard assets
The Bank has made provision amounting to ` 1,439.1 million during the year ended March 31, 2013 (March 31, 2012: Nil)
as per applicable RBI guidelines.
The provision on standard assets held by the Bank at March 31, 2013 is ` 16,235.1 million (March 31, 2012: ` 14,796.0
million).
19. Provision Coverage Ratio
The provision coverage ratio of the Bank at March 31, 2013 computed as per the extant RBI guidelines is 76.8%
(March 31, 2012: 80.4%).
20. 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 till May 7, 2012.
` in million, except number of loans securitised
Year ended
March 31, 2013
Year ended
March 31, 2012
Total number of loan assets securitised ............................................................. ——
Total book value of loan assets securitised ........................................................ ——
Sale consideration received for the securitised assets ..................................... ——
Net gain/(loss) on account of securitisation1 ...................................................... (283.7) (2,016.2)
1. Includes gain/(loss) on deal closures, gain amortised during the year and expenses relating to utilisation of credit enhancement.
` in million
At
March 31, 2013
At
March 31, 2012
Outstanding credit enhancement (funded) .............................................................. 4,970.4 5,228.0
Outstanding liquidity facility .................................................................................... —327.1
Net outstanding servicing asset/(liability) ................................................................. (88.9) (92.4)
Outstanding subordinate contributions ................................................................... 3,017.8 2,750.5
The outstanding credit enhancement in the form of guarantees amounted to ` 8,234.1 million at March 31, 2013 (March
31, 2012: ` 11,833.0 million).
Outstanding credit enhancement in the form of guarantees for third party originated securitisation transactions amounted
to ` 8,132.0 million at March 31, 2013 (March 31, 2012: ` 9,161.5 million) and outstanding liquidity facility for third party
originated securitisation transactions amounted to Nil at March 31, 2013 (March 31, 2012: Nil).
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, 2013
Year ended March
31, 2012
Opening balance .................................................................................................... 1,786.7 2,363.8
Additions during the year ................................................................................... 1,688.6 1,696.7
Deductions during the year ................................................................................ (1,422.8) (2,273.8)
Closing balance ................................................................................................... 2,052.5 1,786.7
The information on securitisation and direct assignment activity of the Bank as an originator as per RBI guidelines
“Revisions to the Guidelines on Securitisation Transactions” dated May 7, 2012.
a. The Bank, as an originator, had not sold any loan through securitisation after May 7, 2012.
forming part of the Accounts (Contd.)
schedules