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62
Directors’ Report
Annual Report 2015-2016
ANNEXURE C
Details of material related party transactions at an aggregate level for the year ended March 31, 2016
Sr.
No.
Nature of contracts/
transactions Name of the related party Nature of
relationship
Duration of
contracts
Salient terms of contracts/
transactions ` in million
1. Term deposits placed
with the Bank
ICICI Lombard General
Insurance Company Limited
Subsidiary Various
maturities
Interest at applicable
coupon rate
4,990.0
India Infradebt Limited Associate Various
maturities
Interest at applicable
coupon rate
8,605.0
2. Short-term lending by
the Bank
ICICI Securities Primary
Dealership Limited
Subsidiary Various
maturities
Interest at market rate 149,110.0
3. Guarantee given by
the Bank
ICICI Bank UK PLC Subsidiary 1.04 years Commission on guarantee
at negotiated rate
1,025.0
4. Standby letters of
credit given by the
Bank
ICICI Bank UK PLC Subsidiary 2.99 years Commission on guarantee
at negotiated rate
607.8
5. Purchases of
investment securities
of third parties
ICICI Bank UK PLC Subsidiary – At market price 4,237.6
ICICI Securities Primary
Dealership Limited
Subsidiary – At market price 2,409.0
ICICI Prudential Life
Insurance Company Limited
Subsidiary – At market price 712.9
6. Sale of investment
securities of third
parties
ICICI Lombard General
Insurance Company Limited
Subsidiary – At market price 2,475.3
ICICI Securities Limited Subsidiary – At market price 1,355.8
ICICI Prudential Life
Insurance Company Limited
Subsidiary – At market price 529.5
Life Insurance Corporation
of India
Others – At market price 995.6
7. Purchase of loans ICICI Bank UK PLC Subsidiary Various
maturities
Purchase of loans given
to customers at market
competitive rate
5,650.3
8. Sale of loans ICICI Bank UK PLC Subsidiary Various
maturities
Sale of loans given to
customers at market
competitive rate
2,091.2
9. Risk participation ICICI Bank UK PLC Subsidiary Various
maturities
Funded risk participation in
underlying loans given to
customers by ICICI Bank UK
PLC at market competitive
rates
6,876.2
ICICI Bank Canada Subsidiary 1.55 years Unfunded risk participation
in underlying standby
letters of credit given to
a customer at market
competitive rate
588.0
10. Current account
deposits
ICICI Prudential Life
Insurance Company Limited
Subsidiary –Outstanding balance
at March 31, 2016 in
current account deposits
maintained for normal
banking transactions
1,003.6
ICICI Lombard General
Insurance Company Limited
Subsidiary –784.7
Life Insurance Corporation
of India
Others – 5,634.1