ICICI Bank 2015 Annual Report Download - page 199

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forming part of the Consolidated Accounts (Contd.)
Schedules
197Annual Report 2014-2015
Consolidated Financial Statements
The consolidated financial statements include the results of the following entities in addition to the Bank.
Sr. no. Name of the entity Country of
incorporation
Nature of
relationship Nature of business Ownership
intwerest
1. ICICI Bank UK PLC United Kingdom Subsidiary Banking 100.00%
2. ICICI Bank Canada Canada Subsidiary Banking 100.00%
3. ICICI Securities Limited India Subsidiary Securities broking and
merchant banking
100.00%
4. ICICI Securities Holdings Inc. USA Subsidiary Holding company 100.00%
5. ICICI Securities Inc. USA Subsidiary Securities broking 100.00%
6. ICICI Securities Primary Dealership
Limited
India Subsidiary Securities investment, trading
and underwriting
100.00%
7. ICICI Venture Funds
Management Company Limited
India Subsidiary Private equity/venture capital
fund management
100.00%
8. ICICI Home Finance Company
Limited
India Subsidiary Housing finance 100.00%
9. ICICI Trusteeship Services Limited India Subsidiary Trusteeship services 100.00%
10. ICICI Investment Management
Company Limited
India Subsidiary Asset management 100.00%
11. ICICI International Limited Mauritius Subsidiary Asset management 100.00%
12. ICICI Prudential Pension Funds
Management Company Limited1
India Subsidiary Pension fund management 100.00%
13. ICICI Prudential Life Insurance
Company Limited
India Subsidiary Life insurance 73.71%
14. ICICI Lombard General Insurance
Company Limited
India Subsidiary General insurance 72.97%
15. ICICI Prudential Asset
Management Company Limited
India Subsidiary Asset management company 51.00%
16. ICICI Prudential Trust Limited India Subsidiary Trustee company 50.80%
17. ICICI Equity Fund India Consolidated
as per AS 21
Unregistered venture capital fund 100.00%
18. ICICI Strategic Investments Fund India Consolidated
as per AS 21
Unregistered venture capital fund 100.00%
19. I-Ven Biotech Limited India Consolidated
as per AS 21
Investment in research and
development of biotechnology
100.00%
20. FINO PayTech Limited2India Associate Support services for financial inclusion 27.05%
21. I-Process Services (India)
Private Limited2
India Associate Services related to back end operations 19.00%
22. NIIT Institute of Finance Banking
and Insurance Training Limited2
India Associate Education and
training in banking and finance
18.79%
23. ICICI Merchant Services Private
Limited2
India Associate Merchant servicing 19.00%
24. India Infradebt Limited2India Associate Infrastructure finance 31.00%
25. India Advantage Fund-III2,3 India Associate Venture capital fund 24.10%
26. India Advantage Fund-IV2,4 India Associate Venture capital fund 47.14%
1. ICICI Prudential Pension Funds Management Company Limited is a wholly owned subsidiary of ICICI Prudential Life Insurance
Company Limited.
2. These entities have been accounted as per the equity method as prescribed by AS 23 on ‘Accounting for Investments in Associates
in Consolidated Financial Statements’.
3. The entity has been accounted as per the equity method from the three months ended June 30, 2014.
4. The entity has been accounted as per the equity method from the three months ended September 30, 2014.
5. Effective April 1, 2014, Mewar Aanchalik Gramin Bank (MAGB) and another Regional Rural Bank (RRB) were amalgamated into a
single RRB. ICICI Bank will not have any shareholding in the new RRB. Accordingly, from the three months ended June 30, 2014,
MAGB is no longer accounted as per the equity method.