ICICI Bank 2013 Annual Report Download - page 121

F43
Insurance services
During the year ended March 31, 2013, the Bank paid insurance premium to insurance subsidiaries amounting to ` 969.6
million (March 31, 2012: ` 957.9 million). The material transactions for the year ended March 31, 2013 were payment of
insurance premium to ICICI Lombard General Insurance Company Limited amounting to ` 871.8 million (March 31, 2012:
` 775.8 million) and to ICICI Prudential Life Insurance Company Limited amounting to ` 97.8 million (March 31, 2012: `
182.1 million).
During the year ended March 31, 2013, the Bank’s insurance claims (including the claims received by the Bank on
behalf of key management personnel) from the insurance subsidiaries amounted to ` 503.6 million (March 31, 2012: `
411.5 million). The material transactions for the year ended March 31, 2013 were with ICICI Lombard General Insurance
Company Limited amounting to ` 444.3 million (March 31, 2012: ` 355.2 million) and with ICICI Prudential Life Insurance
Company Limited amounting to ` 59.3 million (March 31, 2012: ` 56.3 million).
Fees and commission income
During the year ended March 31, 2013, the Bank received fees from its subsidiaries amounting to ` 4,726.6 million (March
31, 2012: ` 3,841.2 million), from its associates/joint ventures/other related entities amounting to ` 13.9 million (March
31, 2012: ` 19.9 million) and from relatives of key management personnel amounting to ` 0.1 million (March 31, 2012:
Nil). The material transactions for the year ended March 31, 2013 were with ICICI Prudential Life Insurance Company
Limited amounting to ` 3,860.1 million (March 31, 2012: ` 3,077.0 million) and with ICICI Lombard General Insurance
Company Limited amounting to ` 516.6 million (March 31, 2012: ` 421.0 million).
During the year ended March 31, 2013, the Bank received commission on bank guarantees from its subsidiaries
amounting to ` 41.8 million (March 31, 2012: ` 32.4 million). The material transactions for the year ended March 31, 2013
were with ICICI Bank UK PLC amounting to ` 35.1 million (March 31, 2012: ` 24.8 million) and with ICICI Bank Eurasia
Limited Liability Company amounting to ` 5.6 million (March 31, 2012: ` 5.6 million).
Lease of premises, common corporate and facilities expenses
During the year ended March 31, 2013, the Bank recovered from its subsidiaries an amount of ` 1,099.3 million (March
31, 2012: ` 1,112.1 million), from its associates/joint ventures/other related entities an amount of ` 147.9 million (March
31, 2012: ` 38.4 million) and from its key management personnel an amount of ` 0.1 million (March 31, 2012: Nil) for
lease of premises, common corporate and facilities expenses. The material transactions for the year ended March 31,
2013 were with ICICI Home Finance Company Limited amounting to ` 273.3 million (March 31, 2012: ` 258.6 million),
ICICI Securities Limited amounting to ` 229.1 million (March 31, 2012: ` 272.0 million), ICICI Prudential Life Insurance
Company Limited amounting to ` 164.0 million (March 31, 2012: ` 162.6 million), ICICI Bank UK PLC amounting to ` 151.2
million (March 31, 2012: ` 125.1 million), ICICI Merchant Services Private Limited amounting to ` 147.9 million (March 31,
2012: ` 38.4 million) and with ICICI Lombard General Insurance Company Limited amounting to ` 143.6 million (March
31, 2012: ` 138.4 million).
Secondment of employees
During the year ended March 31, 2013, the Bank recovered towards deputation of employees from its subsidiaries an
amount of ` 52.2 million (March 31, 2012: ` 37.9 million) and from its associates/joint ventures/other related entities an
amount of ` 6.6 million (March 31, 2012: ` 7.0 million). The material transactions for the year ended March 31, 2013 were
with ICICI Investment Management Company Limited amounting to ` 35.6 million (March 31, 2012: ` 28.2 million), ICICI
Securities Limited amounting to ` 14.5 million (March 31, 2012: ` 11.4 million) and with I-Process Services (India) Private
Limited amounting to ` 6.6 million (March 31, 2012: ` 7.0 million).
Purchase of investments
During the year ended March 31, 2013, the Bank purchased certain investments from its subsidiaries amounting to
` 23,702.1 million (March 31, 2012: ` 5,757.0 million). The material transactions for the year ended March 31, 2013 were
with ICICI Securities Primary Dealership Limited amounting to ` 17,330.7 million (March 31, 2012: ` 3,927.5 million), ICICI
Lombard General Insurance Company Limited amounting to ` 3,314.5 million (March 31, 2012: ` 154.1 million) and with
ICICI Prudential Life Insurance Company Limited amounting to ` 3,056.9 million (March 31, 2012: ` 1,675.4 million).
During the year ended March 31, 2013, the Bank invested in the equity shares of India Infradebt Limited amounting to
` 900.0 million (March 31, 2012: Nil), in the share application money for equity shares of ICICI Lombard General Insurance
Company Limited amounting to ` 740.0 million (March 31, 2012: Nil), in the share application money for equity shares of
Mewar Aanchalik Gramin Bank amounting to ` 18.6 million (March 31, 2012: Nil) and in equity warrants of FINO PayTech
Limited amounting to Nil (March 31, 2012: ` 40.0 million).
forming part of the Accounts (Contd.)
schedules