ICICI Bank 2013 Annual Report Download - page 122

F44
Sale of investments
During the year ended March 31, 2013, the Bank sold certain investments to its subsidiaries amounting to ` 12,119.1
million (March 31, 2012: ` 9,532.7 million) and to its associates/joint ventures/other related entities amounting to Nil
(March 31, 2012: ` 48.7 million). The material transactions for the year ended March 31, 2013 were with ICICI Securities
Primary Dealership Limited amounting to ` 6,459.7 million (March 31, 2012: ` 2,783.6 million), ICICI Prudential Life
Insurance Company Limited amounting to ` 4,088.0 million (March 31, 2012: ` 5,097.7 million) and with ICICI Lombard
General Insurance Company Limited amounting to ` 1,321.2 million (March 31, 2012: ` 1,560.3 million).
Investment in Certificate of Deposits (CDs)/bonds issued by ICICI Bank
During the year ended March 31, 2013, subsidiaries have invested in CDs/bonds issued by the Bank amounting to
` 1,914.0 million (March 31, 2012: ` 4,622.5 million). The material transactions for the year ended March 31, 2013 were
with ICICI Prudential Life Insurance Company Limited amounting to ` 1,407.2 million (March 31, 2012: ` 3,165.6 million)
and with ICICI Securities Primary Dealership Limited amounting to ` 506.8 million (March 31, 2012: ` 1,002.5 million).
Redemption/buyback of investments
During the year ended March 31, 2013, the Bank received a consideration from ICICI Bank UK PLC amounting to ` 5,428.5
million (equivalent to USD 100.0 million) (March 31, 2012: Nil) on account of buyback of equity/preference shares by ICICI
Bank UK PLC.
During the year ended March 31, 2013, the Bank received a consideration from ICICI Emerging Sectors Fund amounting
to Nil (March 31, 2012: ` 1,396.8 million) on account of redemption of units and distribution of gain/loss on units by ICICI
Emerging Sectors Fund.
Reimbursement of expenses to subsidiaries
During the year ended March 31, 2013, the Bank reimbursed expenses to its subsidiaries amounting to ` 29.6 million
(March 31, 2012: ` 40.6 million). The material transactions for the year ended March 31, 2013 were with ICICI Home
Finance Company Limited amounting to ` 16.5 million (March 31, 2012: Nil), ICICI Bank Canada amounting to ` 7.3 million
(March 31, 2012: ` 6.7 million) and with ICICI Bank UK PLC amounting to ` 5.8 million (March 31, 2012: ` 33.9 million).
Reimbursement of expenses to the Bank
During the year ended March 31, 2013, subsidiaries reimbursed expenses to the Bank amounting to ` 29.1 million
(March 31, 2012: ` 19.0 million). The material transactions for the year ended March 31, 2013 were with ICICI Bank UK
PLC amounting to ` 18.0 million (March 31, 2012: ` 13.4 million), ICICI Home Finance Company Limited amounting to `
6.1 million (March 31, 2012: ` 0.2 million) and with ICICI Bank Canada amounting to ` 5.0 million (March 31, 2012: ` 5.4
million).
Brokerage, fees and other expenses
During the year ended March 31, 2013, the Bank paid brokerage, fees and other expenses to its subsidiaries amounting
to ` 557.3 million (March 31, 2012: ` 491.5 million) and to its associates/joint ventures/other related entities amounting
to ` 2,653.2 million (March 31, 2012: ` 1,832.5 million). The material transactions for the year ended March 31, 2013
were with ICICI Merchant Services Private Limited amounting to ` 1,305.2 million (March 31, 2012: ` 953.9 million),
I-Process Services (India) Private Limited amounting to ` 1,045.2 million (March 31, 2012: ` 606.5 million), ICICI Home
Finance Company Limited amounting to ` 373.7 million (March 31, 2012: ` 349.8 million) and with FINO PayTech Limited
amounting to ` 258.4 million (March 31, 2012: ` 259.0 million).
Income on custodial services
During the year ended March 31, 2013, the Bank recovered custodial charges from its subsidiaries amounting to
` 5.1 million (March 31, 2012: ` 3.5 million) and from its associates/joint ventures/other related entities amounting to
` 0.9 million (March 31, 2012: ` 1.4 million). The material transactions for the year ended March 31, 2013 were with
ICICI Securities Primary Dealership Limited amounting to ` 4.8 million (March 31, 2012: ` 3.3 million) and with ICICI
Strategic Investments Fund amounting to ` 0.3 million (March 31, 2012: ` 0.6 million).
Interest expenses
During the year ended March 31, 2013, the Bank paid interest to its subsidiaries amounting to ` 390.9 million (March 31,
2012: ` 336.4 million), to its associates/joint ventures/other related entities amounting to ` 272.5 million (March 31, 2012:
` 160.5 million), to its key management personnel amounting to ` 2.9 million (March 31, 2012: ` 2.0 million) and to relatives
of key management personnel amounting to ` 1.7 million (March 31, 2012: ` 1.1 million). The material transactions for
the year ended March 31, 2013 were with ICICI Securities Limited amounting to ` 184.5 million (March 31, 2012: ` 111.6
million), Mewar Aanchalik Gramin Bank amounting to ` 162.4 million (March 31, 2012: ` 128.9 million), ICICI Prudential Life
Insurance Company Limited amounting to ` 148.4 million (March 31, 2012: ` 129.1 million) and with India Infradebt Limited
amounting to ` 84.5 million (March 31, 2012: Nil).
forming part of the Accounts (Contd.)
schedules