ICICI Bank 2016 Annual Report Download - page 192

Annual Report 2015-2016190
Schedules
forming part of the Accounts (Contd.)
Financial Statements of ICICI Bank Limited
(B) Quantitative disclosures
The following table sets forth, for the period indicated. The details of quantitative disclosure for remuneration of
Wholetime Directors (including MD & CEO) and Presidents
` in million, except numbers
Particulars Year ended
March 31, 2016
Year ended
March 31, 2015
Number of meetings held by the BGRNC 85
Remuneration paid to its members during the nancial year (sitting fees) 0.5 0.3
Number of employees who received a variable remuneration award –6
Number and total amount of sign-on awards made ––
Number and total amount of guaranteed bonuses awarded ––
Details of severance pay, in addition to accrued benets ––
Breakdown of amount of remuneration awards for the nancial year
Fixed1201.7 172.6
Variable –65.0
Deferred ––
Non-deferred –65.0
Share-linked instruments2,3 4,610,000 4,395,000
Total amount of outstanding deferred remuneration
Cash 23.4 54.3
Shares (nos.) ––
Shares-linked instruments416,725,000 13,057,500
Other forms ––
1. Fixed pay includes basic salary, supplementary allowances, superannuation, contribution to provident fund and gratuity
fund by the Bank. The amount contains part year payouts for a WTD and a President for the year ended March 31, 2016.
2. The shares-linked instruments (ESOPs) are at a face value of ` 2.
3. Excludes special grant of stock options approved by RBI in November 2015 aggregating to 5.8 million stock options and
grant of 1.0 million stock options to a WTD.
4. Includes special grants and stock options granted to a WTD during the year ended March 31, 2016.
Payment of compensation in the form of profit related commission to the non-executive directors.
The Board at its Meeting held on September 16, 2015, subject to the approval of shareholders and such other
regulatory approvals as may be applicable and subject to the availability of net prots at the end of each nancial
year approved the payment of prot related commission of ` 1.0 million per annum to be paid to each non-
executive Director of the Bank (excluding government nominee and part-time Chairman). The Board will seek
the approval of shareholders at the forthcoming Annual General Meeting to be held in June 2016. The Bank has
recognized an amount of ` 6.0 million as prot related commission payable to the non-executive Directors during
the year ended March 31, 2016, subject to the same being approved by shareholders.
48. Corporate Social Responsibility
The gross amount required to be spent by the Bank on Corporate Social Responsibility (CSR) related activities during
the year ended March 31, 2016 was ` 2,121.1 million (March 31, 2015: `1,715.8 million).
The following table sets forth, for the periods indicated, the amount spent by the Bank on CSR related activities.
Sr.
No Particulars
Year ended March 31, 2016 Year ended March 31, 2015
In cash Yet to be
paid in cash Total In cash Yet to be
paid in cash Total
(i) Construction/acquisition of any asset – – – – – –
On purposes other than (i) above 1,070.5 644.9 1,715.3 1,144.6 410.7 1,555.3