ICICI Bank 2015 Annual Report Download - page 115

Independent Auditors’ Report
113Annual Report 2014-2015
(v) in our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under
Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014, to the extent they are not inconsistent
with the accounting policies prescribed by the RBI and to the extent of the direction given by the RBI in respect to the
matter dealt with in the Emphasis of Matter paragraph above;
(vi) on the basis of written representations received from the directors as on 31 March 2015 taken on record by the Board
of Directors, none of the directors is disqualified as on 31 March 2015 from being appointed as a director in terms of
Section 164 (2) of the Act.
(vii) with respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies
(Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations
given to us:
a) the Bank has disclosed the impact of pending litigations on its financial position in its financial statements - Refer
note 38 to the standalone financial statements;
b) the Bank has made provision, as required under the applicable law or accounting standards, for material foreseeable
losses, if any, on long-term contracts including derivative contracts - Refer note 38 to the standalone financial
statements;
c) there has been no delay in transferring amounts, required to be transferred, to the Investor Education and
Protection Fund by the Bank.
For B S R & Co. LLP
Chartered Accountants
Firm’s Registration No: 101248W/W-100022
Venkataramanan Vishwanath
Mumbai Partner
27 April 2015 Membership No: 113156