ICICI Bank 2015 Annual Report Download - page 47

45Annual Report 2014-2015
4. Attention is invited to note no. 25 in schedule – 18 of the financial statements relating to utilisation of reserves
for provision towards outstanding funded interest term loans (FITLs). In 2008, RBI issued guidelines on debt
restructuring, which also covered the treatment of funded interest in cases of debt restructuring, that is, instances
where interest for a certain period is funded by a FITL which is then repaid based on a contracted maturity schedule.
In line with these guidelines, the Bank has been providing fully for any interest income which is funded through
a FITL for cases restructured subsequent to the issuance of the guideline. However, RBI has now required similar
treatment of outstanding FITL pertaining to cases restructured prior to the 2008 guidelines which have not yet been
repaid. In view of the above, and since this item relates to prior years, the Bank has with the approval of RBI debited
its reserves by ` 9.29 billion to fully provide outstanding FITLs pertaining to restructurings prior to the issuance of
the guideline. These FITLs relate to pre-2008 restructurings where the borrowers have since been upgraded and this
impact would get reversed as FITLs are repaid as per their contractual maturities.
XV. Means of Communication
It is ICICI Bank’s belief that all stakeholders should have access to complete information regarding its position to enable
them to accurately assess its future potential. ICICI Bank disseminates information on its operations and initiatives on a
regular basis. ICICI Bank‘s website (www.icicibank.com) serves as a key awareness facility for all its stakeholders, allowing
them to access information at their convenience. It provides comprehensive information on ICICI Bank’s strategy, financial
performance, operational performance and the latest press releases.
ICICI Bank’s investor relations personnel respond to specific queries and play a proactive role in disseminating information
to both analysts and investors. In accordance with SEBI and Securities Exchange Commission (SEC) guidelines, all
information which could have a material bearing on ICICI Bank’s share price is released through leading domestic and
global wire agencies. The information is also disseminated to the National Stock Exchange of India Limited (NSE), the
Bombay Stock Exchange Limited (BSE), New York Stock Exchange (NYSE), Singapore Stock Exchange, Japan Securities
Dealers Association and SIX Swiss Exchange AG from time to time.
The financial and other information filed by the Bank from time to time is also available on the Corporate Filing and
Dissemination System maintained by BSE and NSE and can be accessed on the URL www.corpfiling.co.in. NSE has
introduced a NSE Electronic Application Processing (NEAP) System and as intimated by NSE from time to time, various
compliances as required/prescribed under the Listing Agreement are also filed through this system in addition to
dissemination of information by email or fax. The filing is also done through BSE Listing Centre, an electronic platform
introduced by BSE, in addition to dissemination of information by email or fax.
ICICI Bank’s quarterly financial results are published either in the Financial Express (Mumbai, Pune, Ahmedabad, New
Delhi, Lucknow, Chandigarh, Kolkata, Chennai, Bengaluru, Hyderabad and Kochi editions) or the Business Standard
(Ahmedabad, Bengaluru, Bhubaneshwar, Chandigarh, Chennai, Hyderabad, Kochi, Kolkata, Lucknow, Mumbai, New Delhi
and Pune editions) and Vadodara Samachar (Vadodara). The financial results, official news releases, analyst call transcripts
and presentations are also available on the Bank’s website.
The Management’s Discussion & Analysis forms part of the Annual Report.
General Shareholder Information
General Body Meeting Day, Date & Time Venue
Twenty First AGM Monday,
June 29, 2015
12.00 noon
Sir Sayajirao Nagargruh, Vadodara Mahanagar Seva Sadan,
Near GEB Colony, Old Padra Road, Akota, Vadodara 390 020
Financial Calendar : April 1 to March 31
Book Closure : June 6, 2015 to June 29, 2015
Dividend Payment Date : June 30, 2015