ICICI Bank 2016 Annual Report Download - page 239

Annual Report 2015-2016 237
Schedules
forming part of the Consolidated Accounts (Contd.)
Consolidated Financial Statements
11. Information about business and geographical segments
A. Business segments for the year ended March 31, 2016
The business segments of the Group have been presented as follows:
i. Retail banking includes exposures of the Bank which satisfy the four criteria of orientation, product,
granularity and low value of individual exposures for retail exposures laid down in Basel Committee on
Banking Supervision document “International Convergence of Capital Measurement and Capital Standards:
A Revised Framework”.
ii. Wholesale banking includes all advances to trusts, partnership rms, companies and statutory bodies, by
the Bank which are not included under Retail banking.
iii. Treasury includes the entire investment and derivative portfolio of the Bank, ICICI Equity Fund (upto
September 30, 2015) and ICICI Strategic Investments Fund.
iv. Other banking includes leasing operations and other items not attributable to any particular business
segment of the Bank. Further, it includes the Bank’s banking subsidiaries i.e. ICICI Bank UK PLC, ICICI Bank
Canada and ICICI Bank Eurasia LLC (up to December 31, 2014).
v. Life insurance represents results of ICICI Prudential Life Insurance Company Limited.
vi. General insurance represents results of ICICI Lombard General Insurance Company Limited.
vii. Others includes ICICI Home Finance Company Limited, ICICI Venture Funds Management Company
Limited, ICICI International Limited, ICICI Securities Primary Dealership Limited, ICICI Securities Limited,
ICICI Securities Holdings Inc., ICICI Securities Inc., ICICI Prudential Asset Management Company Limited,
ICICI Prudential Trust Limited, ICICI Investment Management Company Limited, ICICI Trusteeship Services
Limited, ICICI Kinfra Limited (upto September 30, 2014), I-Ven Biotech Limited (upto December 31, 2015) and
ICICI Prudential Pension Funds Management Company Limited.
Income, expenses, assets and liabilities are either specically identied with individual segments or are allocated
to segments on a systematic basis.
The liabilities of the Bank are transfer priced to a central treasury unit, which pools all funds and lends to the
business units at appropriate rates based on the relevant maturity of assets being funded after adjusting for
regulatory reserve requirements.
The transfer pricing mechanism of the Bank is periodically reviewed. The segment results are determined based
on the transfer pricing mechanism prevailing for the respective reporting periods.
The results of reported segments for the year ended March 31, 2016 are not comparable with that of reported
segments for the year ended March 31, 2015 to the extent new entities have been consolidated and entities that
have been discontinued from consolidation.