ICICI Bank 2014 Annual Report Download - page 134

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F46
with ICICI Securities Primary Dealership Limited amounting to ` 7,189.3 million (March 31, 2013: ` 17,330.7 million), ICICI
Prudential Life Insurance Company Limited amounting to ` 2,448.4 million (March 31, 2013: ` 3,056.9 million) and with
ICICI Lombard General Insurance Company Limited amounting to ` 392.5 million (March 31, 2013: ` 3,314.5 million).
During the year ended March 31, 2014, the Bank invested in the equity shares of India Infradebt Limited amounting to Nil
(March 31, 2013: ` 900.0 million), ICICI Lombard General Insurance Company Limited amounting to Nil (March 31, 2013:
` 740.0 million) and Mewar Aanchalik Gramin Bank amounting to Nil (March 31, 2013: ` 18.6 million).
Sale of investments
During the year ended March 31, 2014, the Bank sold certain investments to its subsidiaries amounting to ` 9,061.8
million (March 31, 2013: ` 12,119.1 million) and to its associates/joint ventures/other related entities amounting to ` 147.8
million (March 31, 2013: Nil). The material transactions for the year ended March 31, 2014 were with ICICI Prudential Life
Insurance Company Limited amounting to ` 4,898.3 million (March 31, 2013: ` 4,088.0 million), ICICI Lombard General
Insurance Company Limited amounting to ` 2,497.8 million (March 31, 2013: ` 1,321.2 million) and with ICICI Securities
Primary Dealership Limited amounting to ` 1,649.4 million (March 31, 2013: ` 6,459.7 million).
Investment in Certificate of Deposits (CDs)/bonds issued by ICICI Bank
During the year ended March 31, 2014, subsidiaries have invested in CDs/bonds issued by the Bank amounting to
Nil (March 31, 2013: ` 1,914.0 million). The material transactions for the year ended March 31, 2014 were with ICICI
Prudential Life Insurance Company Limited amounting to Nil (March 31, 2013: ` 1,407.2 million) and with ICICI Securities
Primary Dealership Limited amounting to Nil (March 31, 2013: ` 506.8 million).
During the year ended March 31, 2014, the Bank received a consideration from ICICI Bank Canada amounting to ` 4,070.4
million (equivalent to CAD 75.0 million) (March 31, 2013: Nil) on account of buyback of equity shares by ICICI Bank
Canada.
During the year ended March 31, 2014, the Bank received a consideration from ICICI Bank UK PLC amounting to ` 2,995.8
million (equivalent to USD 50 million) (March 31, 2013: Nil) on account of redemption of bonds by ICICI Bank UK PLC.
During the year ended March 31, 2014, the Bank received a consideration from ICICI Bank UK PLC amounting to Nil
[March 31, 2013: ` 5,428.5 million (equivalent to USD 100.0 million)] on account of buyback of equity/preference shares
by ICICI Bank UK PLC.
During the year ended March 31, 2014, the Bank received a consideration from ICICI Emerging Sectors Fund amounting
to ` 358.0 million (March 31, 2013: Nil) and from ICICI Eco-net Internet and Technology Fund amounting to ` 126.7 million
(March 31, 2013: Nil) on account of redemption of units and distribution of gain/loss on units.
Reimbursement of expenses to subsidiaries
During the year ended March 31, 2014, the Bank reimbursed expenses to its subsidiaries amounting to ` 46.6 million
(March 31, 2013: ` 29.6 million). The material transactions for the year ended March 31, 2014 were with ICICI Bank UK PLC
amounting to ` 33.7 million (March 31, 2013: ` 5.8 million), ICICI Bank Canada amounting to ` 12.9 million (March 31, 2013:
` 7.3 million) and with ICICI Home Finance Company Limited amounting to Nil (March 31, 2013: ` 16.5 million).
Reimbursement of expenses to the Bank
During the year ended March 31, 2014, subsidiaries reimbursed expenses to the Bank amounting to ` 19.9 million (March
31, 2013: ` 29.1 million). The material transactions for the year ended March 31, 2014 were with ICICI Bank UK PLC
amounting to ` 14.7 million (March 31, 2013: ` 18.0 million), ICICI Bank Canada amounting to ` 5.2 million (March 31,
2013: ` 5.0 million) and with ICICI Home Finance Company Limited amounting to Nil (March 31, 2013: ` 6.1 million).
Brokerage, fees and other expenses
During the year ended March 31, 2014, the Bank paid brokerage, fees and other expenses to its subsidiaries amounting
to ` 671.8 million (March 31, 2013: ` 557.3 million) and to its associates/joint ventures/other related entities amounting to
` 3,179.4 million (March 31, 2013: ` 2,653.2 million). The material transactions for the year ended March 31, 2014 were
with I-Process Services (India) Private Limited amounting to ` 1,664.2 million (March 31, 2013: ` 1,045.2 million), ICICI
Merchant Services Private Limited amounting to ` 1,353.3 million (March 31, 2013: ` 1,305.2 million) and with ICICI Home
Finance Company Limited amounting to ` 549.8 million (March 31, 2013: ` 373.7 million).
Income on custodial services
During the year ended March 31, 2014, the Bank recovered custodial charges from its subsidiaries amounting to ` 3.7
million (March 31, 2013: ` 5.1 million) and from its associates/joint ventures/other related entities amounting to ` 0.5
million (March 31, 2013: ` 0.9 million). The material transactions for the year ended March 31, 2014 were with ICICI
Securities Primary Dealership Limited amounting to ` 3.6 million (March 31, 2013: ` 4.8 million).
forming part of the Accounts (Contd.)
schedules