ICICI Bank 2016 Annual Report Download - page 214

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Annual Report 2015-2016212
Schedules
forming part of the Consolidated Accounts (Contd.)
Consolidated Financial Statements
The consolidated nancial 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
interest
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 nance 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 67.66%
14. ICICI Lombard General Insurance
Company Limited
India Subsidiary General insurance 63.82%
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 Strategic Investments Fund India Consolidated as
per AS 21
Unregistered venture capital fund 100.00%
18. FINO PayTech Limited2India Associate Support services for nancial
inclusion
27.05%
19. I-Process Services (India) Private Limited2India Associate Services related to back end
operations
19.00%
20. NIIT Institute of Finance Banking and
Insurance Training Limited2
India Associate Education and training in banking
and nance
18.79%
21. ICICI Merchant Services Private Limited2India Associate Merchant servicing 19.00%
22. India Infradebt Limited2India Associate Infrastructure nance 31.00%
23. India Advantage Fund-III2India Associate Venture capital fund 24.10%
24. India Advantage Fund-IV2India 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. During the three months ended December 31, 2015, ICICI Equity Fund redeemed its units held by the Group and accordingly, ICICI
Equity Fund has not been consolidated.
4. During the three months ended March 31, 2016, the Group sold its equity shareholding in I-Ven Biotech Limited and accordingly,
I-Ven Biotech Limited has not been consolidated.