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FINANCIALS - ICICI Bank

125 FINANCIALSI ndependent Auditors report financial StatementsCONTENTS124681011 Ready For You. Ready For HighlightsMessage from the Managing Director & CEOICICI bank at a GlanceMessage from the ChairmanMessages from the Executive DirectorsBoard and ManagementFEATURE PAGESR eady for BusinessesReady for Retail CustomersReady for Bharat#LeadTheNew2225848597124 Directors ReportBusiness OverviewPromoting Inclusive GrowthAuditor s Certificate on Corporate GovernanceManagement s Discussion & AnalysisKey financial Indicators: Last 10 Years20 AwardsREGISTERED OFFICE - ICICI bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, T +91-265-6722286, CIN L65190GJ1994 PLC021012 CORPORATE OFFICE - ICICI bank Towers, Bandra-Kurla Complex, Mumbai 400 051, T +91-22-33667777, F +91-22-26531122 STATUTORY AUDITORS - B S R & CO.

07 Annual Report 2016-17 READY FOR YOU. READY FOR TOMORROW. The future is happening now. India is transforming and we are living in ‘Digital India’.

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Transcription of FINANCIALS - ICICI Bank

1 125 FINANCIALSI ndependent Auditors report financial StatementsCONTENTS124681011 Ready For You. Ready For HighlightsMessage from the Managing Director & CEOICICI bank at a GlanceMessage from the ChairmanMessages from the Executive DirectorsBoard and ManagementFEATURE PAGESR eady for BusinessesReady for Retail CustomersReady for Bharat#LeadTheNew2225848597124 Directors ReportBusiness OverviewPromoting Inclusive GrowthAuditor s Certificate on Corporate GovernanceManagement s Discussion & AnalysisKey financial Indicators: Last 10 Years20 AwardsREGISTERED OFFICE - ICICI bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, T +91-265-6722286, CIN L65190GJ1994 PLC021012 CORPORATE OFFICE - ICICI bank Towers, Bandra-Kurla Complex, Mumbai 400 051, T +91-22-33667777, F +91-22-26531122 STATUTORY AUDITORS - B S R & CO.

2 LLP, 5th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai 400 011 REGISTRAR AND TRANSFER AGENTS - 3i Infotech Limited, International Infotech Park, Tower 5, 3rd Floor, Vashi Railway Station Complex, Vashi, Navi Mumbai 400 7031212141618217224277279280130 Glossary of TermsENCLOSURESI ndependent Auditors report Consolidated financial StatementsStatement Pursuant to Section 129 ofCompanies Act, 2013 financial Statements of ICICI bank Limited NoticeAttendance Slip and Form of ProxyConsolidated financial Statements of ICICI bank Limited and its SubsidiariesBasel Pillar 3 Disclosures07 annual report 2016 -17 READY FOR YOU. READY FOR future is happening now.

3 India is transforming and we are living in Digital India . At ICICI bank , we have always been at the forefront of leading transformation in the Indian banking industry. We are and have been continuously innovating to serve the needs of our customers and stakeholders - for today and for tomorrow. At ICICI bank , we are Ready For You. Ready For customers have been the inspiration behind everything that we do at ICICI bank . We recognise that every individual, every business, every Indian has different needs and different aspirations. Our innovative products and services across the spectrum leverage technology to serve these different needs and fuel the different aspirations. At the core of this endeavour to constantly innovate and transform is our driving philosophy to be ready not only to embrace but also to shape the FOR RETAIL CUSTOMERSREADY FOR BHARATA new Bharat is emerging and taking charge of the 21st century.

4 With the penetration of internet and mobile devices, rural India is set to grow at an exponential pace. At ICICI bank , we have partnered with the Government and leveraged technology to ensure that digitally enabled banking services reach every nook and corner of our country. Our banking solutions like Mera iMobile are specially designed to empower the citizens of Bharat. For us, the agenda to empower Bharat does not stop at enabling digital banking. We have gone beyond banking and created a self-sustaining ecosystem at 100 ICICI Digital Villages so that Bharat is also ready for a new tomorrow.#LEADTHENEWICICI bank has adopted a new internal motto #LeadTheNew.

5 This motto serves as a reinforcement of our DNA in the context of the environment which is constantly evolving. #LeadTheNew is a transformation journey where we are not only continuously innovating to serve the needs of our customers and stakeholders but also streamlining internal processes further to become even more agile. With this motto, we continue to identify transformational ideas and invest in them to create winning propositions to be ready not just to embrace, but to shape the FOR BUSINESSESICICI bank pioneered the retail banking revolution in India and transformed the way Indians bank . Even today, we continue to invest in products and platforms that leverage technology to provide comprehensive banking solutions that are intuitive, convenient and enhance the overall banking experience for our customers.

6 From introducing Chatbots and SmartKeys on our best-in-class iMobile app to launching over 500 software robotic systems performing over 1 million banking transactions daily, we at ICICI bank are not only maintaining our leadership in digital banking but paving the way for its is one of the fastest growing global economies and is being propelled ahead by a dynamic and entrepreneurial business environment. With a supportive regulatory environment and a sea of opportunities, Indian businesses are poised to flourish and grow. At ICICI bank , we are partnering with businesses across the spectrum: from large corporates to small enterprises and from startups to traders, anticipating their emerging needs and providing solutions that make transactions and payments easy, ubiquitous and RATIO`9,860 BILLION CONSOLIDATED TOTAL ASSETS` BILLION CONSOLIDATED PROFIT AFTER TAX`7,718 BILLIONSTANDALONE ASSETS` BILLION STANDALONE PROFIT TO INCOME RATIOBRANCHES4,850 ATMs13,882 ICICI bank AT A GLANCEICICI bank , the country s largest private sector bank by consolidated assets.

7 Continues to be at the forefront of technological innovations by anticipating customer needs and providing an extensive range of banking solutions through its wide distribution information as on March 31, 20173 annual report 2016 -17 ASIA S FIRST First financial institution to enable payments and banking transactions from a smartphone keyboard through iMobile Smartkeys .INDIA S FIRST Undertook India s first digitised invoice discounting transaction on the Receivables Exchange of India Limited (RXIL).INDUSTRY FIRST First bank in India to offer direct tax payment through phone bank First bank in India to undertake pilot transactions in international trade finance and remittances using blockchain IN MOBILE BANKING Value of mobile banking transactions grew by 168% in fiscal 2017, consolidating the bank s numero uno position among private sector DIGITAL VILLAGES IN 100 DAYS Enabled digitisation of transactions as well as provided vocational training.

8 Credit facility and market linkage to villagers to help them earn a sustainable TRILLION Digital channels recorded over ` 5 trillion worth of transactions in fiscal TRUSTED PRIVATE SECTOR bank ICICI bank ranked first among private sector banks in India as per The Economic Times Brand Equity s Most Trusted Brands of 2016 MILLION+ Cards in 100,000 Only bank in India to cross the milestone of installing 100,000 digital POS within four months of its SOFTWARE ROBOTIC PROCESSES India s first bank to roll-out software robotics; over 500 software robotic processes perform 1 million banking transactions daily. 4 financial HIGHLIGHTS7, ASSETST otal Assets (` in billion)5, , , , ADVANCESR etailDomestic CorporateSmall & Medium EnterprisesOverseasFY2013FY2014FY2015FY2 017FY2016 Total (` in billion)4, , , , , ADEQUACY I1.

9 In accordance with Basel II guidelines of RBI2. In accordance with Basel III guidelines of RBITier IITotal4, , , DEPOSITSC urrent Accounts (` in billion)Savings Accounts (` in billion)Term Deposits (` in billion)Total (` in billion) , , , , , , , , , , report 2016 -17 COST TO INCOME RATIOCONSOLIDATED PAT Consolidated Profit after Tax (PAT) (` in billion) STANDALONE PATNII & NIMCost to Income Interest Margin (NIM)Net Interest Income (NII) (` in billion) Profit after Tax (PAT) (` in billion) their obligations to lenders. This was followed by the withdrawal of legal tender status of currency notes of denominations of ` 500 and ` 1,000 and the introduction of new ` 500 and ` 2,000 currency notes.

10 This led to a sharp increase in financial savings and gave a significant boost to digital payment transactions. It is expected to have a long-term positive impact on both these areas, as well as the country s fiscal health through improved tax compliance. Finally, legislation on the Goods & Services Tax was enacted, paving the way for the implementation of this landmark tax reform in the coming the above developments laid a strong foundation for the country s future growth, the corporate sector experienced continued challenges during the year arising out of global as well as domestic issues, leading to inadequate cashflow generation from investments made in the past.


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