ICICI Bank 2016 Annual Report Download - page 78
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76
Directors’ Report
Annual Report 2015-2016
S.
No
CSR Project or
activity identied
Sector in which
the project is
covered
Projects or programs
1. Local area or other
2. Specify the state
and district where
projects or programs
was undertaken
Amount
outlay
(budget)
project or
program
wise
(` mn)
Amount spent
on the projects
or programs
Sub-heads
1. Direct
expenditure
on
projects or
programs
2. Overheads
(` mn)
Cumulative
expenditure
upto the
reporting
period
(` mn)
Amount spent
direct or through
implementing
agency*
6. Health sector
related projects
Promoting
preventive
healthcare
Rajasthan –0.9 7.1 Support to
hospitals in
Jaipur towards
maintenance,
cleaning and other
requirements
7. Financial
counsellling
Promoting
education
At multiple centres 15.0 7.7 16.9 Disha Trust set
up to assist
consumers in
nancial distress
and provide
counselling.
8. Others – – 41.0 6.1 12.0 –
6. In case the company has failed to spend the 2% of the average net prots of the last three nancial years or any
part thereof, the company shall provide the reasons for not spending the amount in its Board report.
The amount spent in FY2016 was ` 1.72 billion, 10.3% higher compared to ` 1.56 billion spent towards CSR in
FY2015. The amount spent in FY2016 was 1.6% of the average net prots of the last three nancial years. The lower
spend vis-à-vis the plan was due to lower than anticipated project requirements and delay in implementation of
certain planned spends.
7. A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in
compliance with CSR objectives and Policy of the company.
The CSR Committee hereby conrms that the implementation and monitoring of CSR activities is in compliance with
CSR objectives and the CSR Policy of the company.
Chanda Kochhar M.S. Ramachandran
Managing Director & CEO CSR Committee Chairman
May 13, 2016