ICICI Bank 2016 Annual Report Download - page 65

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63Annual Report 2015-2016
Sr.
No.
Nature of contracts/
transactions Name of the related party Nature of
relationship
Duration of
contracts
Salient terms of contracts/
transactions ` in million
11. Principal amounts of
foreign currencies
transactions including
derivatives such as
swaps and forwards
contracts
ICICI Securities Primary
Dealership Limited
Subsidiary Various
maturities
At market rates 185,500.0
ICICI Bank UK PLC Subsidiary Various
maturities
At market rates 17,103.0
ICICI Prudential Life
Insurance Company Limited
Subsidiary – At market rates 3,065.3
ICICI Securities Limited Subsidiary – At market rates 636.4
12. Commission income
on insurance products
ICICI Prudential Life
Insurance Company Limited
Subsidiary 3 years Commission for corporate
agency services to solicit
and procure the sale and
distribution of the policies
3,312.5
ICICI Lombard General
Insurance Company Limited
Subsidiary 3 years Commission for corporate
agency services to solicit
and procure the sale and
distribution of the policies
727.7
13. Administration,
publicity and
marketing support
income
ICICI Prudential Life
Insurance Company Limited
Subsidiary 6 years Charges for publicity and
advertisements at branches
and ATMs
4,290.7
14. Expenses towards
service provider
arrangements
ICICI Home Finance
Company Limited
Subsidiary 20 years Verication and valuation
services of the borrowers’
properties
600.7
I-Process Services (India)
Private Limited
Associate 1 year Outsourcing of services and
resources
2,830.9
ICICI Merchant Services
Private Limited
Associate 10 years Merchant management fees 2,089.0
15. Interest expenses Life Insurance Corporation
of India
Others – Interest on bonds at
applicable rates
19,411.0
16. Interest income ICICI Home Finance
Company Limited
Subsidiary – Interest on loans and
advances at applicable rates
720.9
May 26, 2016
M. K. Sharma
Chairman