ICICI Bank 2015 Annual Report Download - page 178

176 Annual Report 2014-2015
Schedules
forming part of the Accounts (Contd.)
Financial Statements of ICICI Bank Limited
The following table sets forth, the maximum balance payable to/receivable from subsidiaries/joint ventures/associates/
other related entities/key management personnel and relatives of key management personnel during the year ended
March 31, 2014.
` in million
Items/Related party
Subsidiaries Associates/joint
ventures/other
related entities
Key
Management
Personnel
Relatives of Key
Management
Personnel
Total
Deposits with ICICI Bank 10,374.0 5,200.5 83.2 30.1 15,687.8
Deposits of ICICI Bank 1,962.3 – – – 1,962.3
Call/term money lent 10,000.0 – – – 10,000.0
Call/term money borrowed 927.1 – – – 927.1
Reverse repurchase 24,970.8 – – – 24,970.8
Advances 21,154.0 331.7 30.7 8.3 21,524.7
Investments of ICICI Bank 134,013.5 4,086.0 – – 138,099.5
Investments of related parties in ICICI Bank1 380.6 15.0 4.2 0.02 399.8
Receivables1 1,749.7 359.31 – – 2,109.0
Payables1 82.7 679.2 – – 761.9
Guarantees/letter of credit/ indemnity 16,227.5 1,689.7 – – 17,917.2
Swaps/forward contracts (notional amount) 174,240.1 – – – 174,240.1
1. Maximum balances are determined based on comparison of the total outstanding balances at each quarter end during the
financial year.
2. Insignificant amount.
44. Small and micro enterprises
Under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 which came into force from October
2, 2006, certain disclosures are required to be made relating to enterprises covered under the Act. During the year
ended March 31, 2015, the amount paid after the due date to vendors registered under the MSMED Act, 2006 was ` 4.7
million (March 31, 2014: ` 0.9 million). An amount of ` 0.06 million (March 31, 2014: ` 0.01 million) has been charged
to profit & loss account towards accrual of interest on these delayed payments.
45. Penalties/fines imposed by RBI and other banking regulatory bodies
The penalty imposed by RBI and other banking regulatory bodies during the year ended March 31, 2015 was ` 10.4
million (March 31, 2014: ` 10.0 million).
On December 17, 2014, RBI imposed a penalty of ` 5.0 million on the Bank in exercise of powers vested with it under
the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 for charges of
non-compliance with the directions/guidelines issued by RBI in connection with Know Your Customer (KYC)/Anti
Money Laundering (AML). The Bank has paid the penalty to RBI.
On July 25, 2014, RBI imposed a penalty of ` 4.0 million on the Bank, in exercise of the powers vested with it under
the provisions of Section 47A (1) of the Banking Regulation Act, 1949 with respect to facilities extended to a corporate
borrower by the Bank. The Bank has paid the penalty to RBI.
A penalty of ` 1.4 million was imposed on the Bank in February 2015 by the Financial Intelligence Unit, India
(FIU-IND). The Bank has filed an appeal against the penalty, which was imposed for failure in reporting of the attempted
suspicious transactions.