201303 - Quarter 4

1. The above financial results have been approved by the Board of
Directors at its meeting held on
April 26, 2013.

2. In accordance with IRDA guidelines, ICICI
General, together with all
other general insurance companies participated in the Indian Motor
Third Party Insurance Pool
('the Pool'), administered by the General Insurance
Corporation of India ('GIC')
covering third party risks of commercial vehicles, from April 01,
2007. As per IRDA direction
effective March 31, 2012, the Pool was dismantled on a clean cut
basis and general insurance
companies were required to recognise the Pool liabilities as per loss
ratios estimated by GAD UK
(GAD Estimates) with the option to recognise the same over a three
year period. ICICI General had
decided to recognise the additional liabilities of the Pool during
the year ended March 31, 2012
and therefore, the loss after tax of ICICI General of Rs.416.33 crore
for the year ended March 31,
2012 and Rs. 613.28 crore for the three months ended March 31,2012
included impact of additional
Pool losses of  Rs.684.96 crore. The Bank's consolidated net
profit after tax for the year
ended March 31, 2012 and three months ended March 31, 2012 included
impact of additional Pool
losses of Rs.503.03 crore in line with the Bank's shareholding in
ICICI General. During the
year ended March 31, 2013, the Appointed Actuary carried out
re-assessment of liabilities relating
to policies underwritten by ICICI General for risks incepted between
April 1, 2007 and March 31,
2012. Based on the re-assessment, ICICI General has recognised
additional provision of Rs. 101.86
crore during the three months and year ended March 31,
2013.

3. The Bank has presented the
mark-to-market (MTM) gain or loss on forex and derivative
transactions on gross basis. Accordingly,
the gross positive MTM amounting to Rs. 11,323.96 crore and Rs.
12,254.23 crore have been included
in Other assets and gross negative MTM amounting to Rs.10,826.32
crore and Rs.10,743.75 crore have
been included in Other liabilities at March 31, 2013 and December 31,
2012 respectively. Consequent
to the change, Other assets and Other liabilities of the Bank have
increased by Rs.15,421.71 crore
at March 31, 2012 and Other assets and Other liabilities of the Group
have increased by Rs.
15,095.48 crore at March 31, 2012.

4. During the three months
ended March 31, 2013, the Bank
has allotted 278,683 equity shares of Rs. 10/- each pursuant to
exercise of employee stock
options.

5. The Board of Directors has recommended a dividend
of  Rs. 20.00 per equity share
for the year ended March 31, 2013 (previous year dividend of Rs.
16.50 per equity share). The
declaration and payment of dividend is subject to requisite
approvals. The Board of Directors has
also recommended a dividend of Rs. 100.00 per preference share on 350
preference shares of the face
value of Rs. 1 crore each for the year ended March 31,
2013.

6. Previous period/year figures
have been re-grouped/re-classified where necessary to conform to
current period
classification.

7. The above unconsolidated and consolidated
financial results for March 31,
2013 and March 31, 2012 are audited by the statutory auditors,
S.R.Batliboi &Co. LLP, Chartered
Accountants.

8. The amounts for three months ended March 31,
2013 are balancing amounts
between the amounts as per the audited accounts for the year ended
March 31, 2013 and nine months
ended December 31, 2012.

N.S. Kannan
Executive & CFO