ICICI Bank 2013 Annual Report Download - page 11

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SUBSIDIARY COMPANIES
At March 31, 2013, 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. Pursuant to the
requirements of the above Circular, the Board of Directors of the Bank
at its Meeting held on April 26, 2013 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
N. S. KANNAN
Executive Director and
Chief Financial Officer
Directors’ Report
“During fiscal 2013, we
continued to focus on
enhancing our financial
performance through
an improvement in net
interest margins, better
treasury performance,
reduction in cost ratios
and stability in asset
quality trends. We
leveraged opportunities
for growth in the
domestic market with
increasing growth
momentum in retail
lending, while maintaining
our low cost funding
profile. We have
continued to invest in
expanding our network
and customer offerings
& servicing capabilities,
which combined with
our strong capital base,
position us well for future
growth and for delivering
improved returns to our
shareholders.”
Annual Report 2012-2013 9