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58 Annual Report 2014-2015
Directors’ Report
ANNEXURE C
Details of material related party transactions at an aggregate level for year ended March 31, 2015
Sr.
No.
Nature of contracts/
transactions
Name of the
related party
Nature of
relationship
Duration of
contracts
Salient terms of contracts/
transactions ` in million
1. Term deposits
placed with the
Bank
ICICI Lombard General
Insurance Company
Limited
Subsidiary Various
maturities
Interest at applicable
coupon rate
1,900.0
India Infradebt Limited Associate Various
maturities
Interest at applicable
coupon rate
19,579.0
Life Insurance
Corporation of India
Others Various
maturities
Interest at applicable
coupon rate
10,000.0
2. Subscription to
bonds issued by
the Bank
ICICI Prudential Life
Insurance Company
Limited
Subsidiary 10 years Interest at applicable
coupon rate
1,500.0
ICICI Securities Primary
Dealership Limited
Subsidiary 10 years Interest at applicable
coupon rate
1,100.0
Life Insurance
Corporation of India
Others 10 years Interest at applicable
coupon rate
29,500.0
3. Short-term borrowing
by the Bank
ICICI Bank Eurasia LLC Subsidiary 1 day Interest at market rate 1,257.7
4. Short-term
lending
by the Bank
ICICI Securities Primary
Dealership Limited
Subsidiary Various
maturities
Interest at market rate 136,800.0
ICICI Bank Eurasia LLC Subsidiary 183 days Interest at market rate 902.6
5. Loans and
advances given
ICICI Venture Funds
Management Company
Limited
Subsidiary 5 years Term loan facility at
contractual interest rate
1,844.6
ICICI Prudential Asset
Management Company
Limited
Subsidiary – Outstanding overdraft
amount at March 31, 2015 at
contractual interest rate
1,311.9
6. Purchases of
investment
securities of
third parties
ICICI Securities Primary
Dealership Limited
Subsidiary – At market price 4,801.5
ICICI Prudential Life
Insurance Company
Limited
Subsidiary – At market price 1,180.0
7. Sale of investment
securities of third
parties
ICICI Lombard General
Insurance Company
Limited
Subsidiary – At market price 697.5
ICICI Securities Primary
Dealership Limited
Subsidiary – At market price 600.7
Life Insurance
Corporation of India
Others – At market price 4,004.7
8. Purchase of bank
guarantees
ICICI Bank UK PLC Subsidiary 1 year Purchase of bank guarantee
issued to a customer by
ICICI Bank UK PLC
1,329.4
9. Purchase of loan ICICI Bank Eurasia LLC Subsidiary 1.05 year Purchase of a loan given
to a customer at market
comparative rate
766.7
10. Risk participation ICICI Bank UK PLC Subsidiary Various
maturities
Funded risk participation in
underlying loans given to
customers by ICICI Bank UK
PLC at market competitive
rates
3,632.9