ICICI Bank 2014 Annual Report Download - page 167

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F79
forming part of the Consolidated Accounts (Contd.)
schedules
During the year ended March 31, 2014, the Group paid insurance claims to associates/other related entities amounting
to ` 0.5 million (March 31, 2013: ` 0.12 million). The material transactions for the year ended March 31, 2014 were with
I-Process Services (India) Private Limited amounting to ` 0.4 million (March 31, 2013: ` 0.07 million) and with FINO
PayTech Limited amounting to ` 0.1 million (March 31, 2013: ` 0.05 million).
Fees, commission and other income
During the year ended March 31, 2014, the Group received fees from its associates/other related entities amounting
to ` 9.7 million (March 31, 2013: ` 13.9 million), from key management personnel of the Bank amounting to ` 0.0*
million (March 31, 2013: ` 0.3 million) and from relatives of key management personnel of the Bank amounting to
` 0.1 million (March 31, 2013: ` 0.1 million). The material transactions for the year ended March 31, 2014 were with
ICICI Merchant Services Private Limited amounting to ` 8.2 million (March 31, 2013: ` 13.1 million) and with NIIT
Institute of Finance Banking and Insurance Training Limited amounting to ` 1.5 million (March 31, 2013: ` 0.8 million).
* Insignificant amount.
Lease of premises, common corporate and facilities expenses
During the year ended March 31, 2014, the Group recovered from its associates/other related entities an amount of
` 91.3 million (March 31, 2013: ` 167.8 million) and from key management personnel of the Bank an amount of
Nil (March 31, 2013: ` 0.1 million) for lease of premises, common corporate and facilities expenses. The material
transactions for the year ended March 31, 2014 were with ICICI Foundation for Inclusive Growth amounting to ` 67.8
million (March 31, 2013: Nil), with FINO PayTech Limited amounting to ` 19.4 million (March 31, 2013: ` 19.9 million)
and with ICICI Merchant Services Private Limited amounting to ` 0.7 million (March 31, 2013: ` 147.9 million).
Secondment of employees
During the year ended March 31, 2014, the Group recovered towards deputation of employees from I-Process
Services (India) Private Limited amounting to ` 6.6 million (March 31, 2013: ` 6.6 million).
Brokerage, fees and other expenses
During the year ended March 31, 2014, the Group paid brokerage/fees and other expenses to its associates/other
related entities amounting to ` 3,585.2 million (March 31, 2013: ` 3,357.3 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 FINO PayTech Limited amounting to ` 473.9 million (March 31, 2013: ` 962.6 million).
Purchase of investments
During the year ended March 31, 2014, the Group invested in the equity shares of India Infradebt Limited amounting
to Nil (March 31, 2013: ` 930.0 million) and applied for equity shares of Mewar Aanchalik Gramin Bank amounting to
Nil (March 31, 2013: ` 18.6 million).
Sale of investments
During the year ended March 31, 2014, the Group sold certain investments to Mewar Aanchalik Gramin Bank
amounting to ` 147.8 million (March 31, 2013: Nil).
Interest expenses
During the year ended March 31, 2014, the Group paid interest to its associates/other related entities amounting to
` 345.0 million (March 31, 2013: ` 265.1 million), to its key management personnel amounting to ` 4.2 million (March
31, 2013: ` 2.9 million) and to relatives of key management personnel amounting to ` 1.7 million (March 31, 2013:
` 1.7 million). The material transactions for the year ended March 31, 2014 were with India Infradebt Limited amounting
to ` 268.6 million (March 31, 2013: ` 84.5 million) and with Mewar Aanchalik Gramin Bank amounting to ` 70.0 million
(March 31, 2013: ` 162.4 million).
Interest income
During the year ended March 31, 2014, the Group received interest from its associates/other related entities
amounting to ` 55.8 million (March 31, 2013: ` 97.7 million), from its key management personnel amounting to ` 0.9
million (March 31, 2013: ` 0.4 million) and from relatives of key management personnel amounting to ` 0.6 million
(March 31, 2013: ` 0.7 million). The material transactions for the year ended March 31, 2014 were with ICICI Merchant
Services Private Limited amounting to ` 48.0 million (March 31, 2013: ` 47.5 million) and with Mewar Aanchalik