ICICI Bank 2014 Annual Report Download - page 183

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F95
forming part of the Consolidated Accounts (Contd.)
schedules
12. Penalties/fines imposed by banking regulatory bodies
The penalty imposed by banking regulatory bodies during the year ended March 31, 2014 was ` 10.0 million (March
31, 2013: ` 3.1 million). The said penalty was imposed by RBI on the Bank in exercise of powers vested with it under
the provisions of section 47(A)(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949 and subsection (3) of
section 11 of Foreign Exchange Management Act, 1999 (FEMA) on operating matters pertaining to Know Your Customer
(KYC). The Bank has paid the penalty to RBI.
13. Re-classification of investments of ICICI Bank Canada
During the three months ended December 31, 2013, ICICI Bank Canada transferred certain corporate bonds, with a fair
value of CAD 532.09 million (amortised cost of CAD 521.49 million), from the Available-for-Sale category to Loans and
Receivables. A fair value gain of CAD 10.60 million at the date of transfer was accounted in other comprehensive income
(net-off tax) and will be amortised over the life of bonds.
14. Additional disclosure
Additional statutory information disclosed in the separate financial statements of the Bank and subsidiaries having no
material bearing on the true and fair view of the consolidated financial statements and the information pertaining to the
items which are not material have not been disclosed in the consolidated financial statements.
15. Comparative figures
Figures of the previous year have been re-grouped to conform to the current year presentation.
SIGNATURES TO SCHEDULES 1 TO 18
As per our report of even date For and on behalf of the Board of Directors
For S.R. BATLIBOI & CO. LLP
ICAI Firm Registration no.: 301003E
Chartered Accountants
K. V. KAMATH HOMI KHUSROKHAN CHANDA KOCHHAR
Chairman Director Managing Director & CEO
SHRAWAN JALAN
Partner
Membership no.: 102102
N. S. KANNAN K. RAMKUMAR RAJIV SABHARWAL
Executive Director Executive Director Executive Director
P. S ANKER RAKESH JHA AJAY MITTAL
Place : Mumbai Senior General Manager
(Legal) & Company Secretary
Chief Financial
Officer
Chief Accountant
Date : April 25, 2014