Annual Report 20092010

INTRODUCTION
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 Limited
2 Its American Depositary Receipts (ADRs) are listed on the New York Stock

TABLE OF CONTENTS
S. NO 1 2 3 4 5 6 7
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PARTICULARS
Message from the Chairman Letter from the Managing Director & CEO Board of Directors & Senior Management Board Committees Directors Report Auditors Certificate on Corporate Governance Managements Discussion and Analysis

TABLE OF CONTENTS
S.NO 8 9 10 11 PARTICULARS Key Financial Indicators Auditors Report Balance Sheet Profit and Loss Account Cash Flow Statement Schedules Consolidated P/L Account Consolidated Balance Sheet

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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.

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.

Managements Discussion & Analysis

The single most partofa company's annual reportwhichdiscusses 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.

TheMD&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, outliningfuture goals and approaches to new projects.

BoardCommittee Audit Committee

Sridar Iyengar, Chairman M. K. Sharma, Alternate Chairman Homi R. Khusrokhan V. Sridar

Board Governance, Remuneration & Nomination Committee

M. K. Sharma, Chairman K. V. Kamath V. Prem Watsa

Corporate Social Responsibility Committee

M. K. Sharma, Chairman Anup K. Pujari Chanda D. Kochhar

Credit Committee
K. V. Kamath, Chairman Narendra Murkumbi Chanda D. Kochhar

Share Transfer & Shareholders/ Investors' Grievance Committee

M. K. Sharma, Chairman Homi R. Khusrokhan N. S. Kannan

Customer Service Committee

K. V. Kamath, Chairman Narendra Murkumbi Anup K. Pujari

Committee of Executive Directors

Chanda D. Kochhar, Chairperson Sandeep Bakhshi N. S. Kannan K. Ramkumar

Fraud Monitoring Committee

M. K. Sharma, Chairman K. V. Kamath Chanda D. Kochhar
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Risk Committee
K. V. Kamath, Chairman Sridar Iyengar Anup K. Pujari

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 the company 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 subsection (1) of Section 274 of the Companies Act, 1956

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Financial of ICICI

Parent company
Profit and loss a/c Balance sheet Cash flow Financial ratios

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

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