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Annual Report 2009-2010
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ICICI Bank is India's second-largest bank with total assets of Rs. 3,634.00
billion at March 31, 2010 .
The Bank has a network of 2,016 branches and about 5,219 ATMs in India
and presence in 18 countries.
It offers a wide range of banking products and financial services to
corporate and retail customers through a variety of delivery channels and
through its specialised subsidiaries .
Its specialised subsidiaries in the areas of investment banking, life and
non-life insurance, venture capital and asset management.
The Bank currently has subsidiaries in the United Kingdom, Russia and
Canada, branches in United States, Singapore, Bahrain, Hong Kong, Sri
Lanka, Dubai, China , South Africa.
ICICI Bank's equity shares are listed in India on Bombay Stock Exchange
and the National Stock Exchange of India LimitedIts American Depositary Receipts (ADRs) are listed on the New York Stock
INTRODUCTION
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S. NO PARTICULARS
1 Message from the Chairman
2 Letter from the ManagingDirector & CEO
3 Board of Directors & SeniorManagement
4 Board Committees
5 Directors Report
6 Auditors Certificate onCorporate Governance
7 Managements Discussion andAnalysis
TABLE OF CONTENTS
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S.NO PARTICULARS
8 Key Financial Indicators
9 Auditors Report
10 Balance Sheet
11 Profit and Loss AccountCash Flow StatementSchedules
12 Consolidated P/L AccountConsolidated Balance Sheet
TABLE OF CONTENTS
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MESSAGE
CHAIRMAN
Regulatory changes such as increase in capital requirement,
improvement in quality of capital, macro prudential supervision
etc has helped in navigation of global financial crisis and in
sustaining double digit growth.
MANAGING DIRECTOR
Anticipated economic and market trends and developed
appropriate strategies has benefited the business as well as
the stakeholders.
It has served customer better and capitalised on diverse
opportunities of Indian market and global linkages.
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Directors Report
Its principal objective is to supplement the financial information
with other information consider necessary for a full appreciation
of the companies activities. It includes:
A description of the principal activities of the company.
A fair review of the current and future prospects of the
business.
Information on the sale, purchase or valuation of assets.
Recommended dividends.
Employee statistics.
Names of directors and their interests.
Details of political or charitable donations.
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Managements Discussion &Analysis
The single most part of a company's annual
report which discusses numerous aspects of the company,
including both past and present.
Also called MD&A
Its goal is to discuss the important changes in the firms
financial result.
The MD&A provides an overview of the previous year of
operations and how the company fared in that time period.
MD&A also touch on the upcoming year, outlining future goals
and approaches to new projects.
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Audit CommitteeSridar Iyengar, Chairman
M. K. Sharma, Alternate ChairmanHomi R. KhusrokhanV. Sridar
Board Governance,
Remuneration &Nomination CommitteeM. K. Sharma, ChairmanK. V. KamathV. Prem Watsa
Corporate Social ResponsibilityCommitteeM. K. Sharma, ChairmanAnup K. Pujari
Chanda D. Kochhar
BoardCommittee
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Credit CommitteeK. V. Kamath, Chairman
Narendra MurkumbiChanda D. Kochhar
Customer ServiceCommitteeK. V. Kamath, ChairmanNarendra MurkumbiAnup K. Pujari
Fraud MonitoringCommitteeM. K. Sharma, ChairmanK. V. KamathChanda D. Kochhar
Share Transfer & Shareholders/Investors' Grievance CommitteeM. K. Sharma, Chairman
Homi R. KhusrokhanN. S. Kannan
Committee of ExecutiveDirectorsChanda D. Kochhar, ChairpersonSandeep BakhshiN. S. KannanK. Ramkumar
Risk CommitteeK. V. Kamath, ChairmanSridar IyengarAnup K. Pujari
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AUDITORS CERTIFICATE
Its a statement signed by an independent public accountant.
It describes the scope of the examination of an organizations
books and records.
Auditor evaluate whether the financial statement of thecompany are in accordance with the accepted accounting
principles or not
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AUDITORS REPORT
Auditors report is made : To examine if the accounts are drawn up in accordance with
the requirements of the Companies Act.
The accounts give a true and fair view of the firms financial
position.
To obtain reasonable assurance about whether the financial
statements are free of material misstatements
To access the accounting principles used and significant
estimates made by the management
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Cont.
ICICI AUDITORS Reported that:
We have obtained all the information and explanations which,
to the best of our knowledge and belief, were necessary for the
purpose of our audit.
The transactions of the Bank, which have come to our notice,have been within the powers of the Bank.
Further reported that:
The Balance Sheet, the Profit and Loss Account and the Cash
Flow Statement dealt with by this report are in agreement with
the books of account and the returns
None of the directors is disqualified as on 31 March 2010 from
being appointed as a director in terms of clause (g) of sub-
section (1) of Section 274 of the Companies Act, 195612
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Financial of ICICI
Parent company
Subsidiary companies work under the parent company, where
following are made:
Consolidated profit and loss a/c
Consolidated Balance sheet Consolidated Cash flow
Consolidated Financial ratios
Profit andloss a/c
Balancesheet
Cash flow Financialratios
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