Notes to the consolidated financial statements

2. Notes to the consolidated financial statements

2.1 Cash and cash equivalents

Cash and cash equivalents consist of the following :

in Rupee Symbolcrore

As of March 31,

2011

2010

Cash and bank deposits

15,095

10,556

Deposits with corporations

1,571

1,555

16,666

12,111

Cash and cash equivalents as of March 31, 2011 and March 31, 2010 include restricted cash and bank balances of Rupee Symbol108 crore and Rupee Symbol71 crore respectively. The restrictions are primarily on account of cash and bank balances held by irrevocable trusts controlled by the Company and unclaimed dividends.

The deposits maintained by the Group with banks and corporations comprise of time deposits, which can be withdrawn by the Group at any point without prior notice or penalty on the principal.

The following table provides details of cash and cash equivalents :

in Rupee Symbolcrore

As of March 31,

2011
2010

Current Accounts

ABN Amro Bank, China

17

33

ABN Amro Bank, China (U.S. dollar account)

24

14

ABN Amro Bank, Taiwan

3

2

Bank of America, Mexico

4

18

Bank of America, U.S.

296

686

Banamex, Mexico

2

2

China Merchants Bank, China

1

Citibank NA, Australia

61

25

Citibank NA, Brazil

5

9

Citibank NA, China (U.S. dollar account)

11

Citibank NA, Czech Republic (Euro account)

2

Citibank NA, Czech Republic (U.S. dollar account)

Citibank NA., Czech Republic

1

Citibank NA, New Zealand

2

1

Citibank NA, Japan

17

2

Citibank NA, India

2

2

Citibank NA, India, Unclaimed dividend account

1

Citibank NA, Thailand

1

1

Deustche Bank, India

12

13

Deutsche Bank, Czech Republic

1

Deutsche Bank, Belgium

5

18

Deutsche Bank, Poland

2

Deutsche Bank, France

3

1

Deutsche Bank, Germany

5

12

Deutsche Bank, Moscow (U.S. dollar account)

1

Deutsche Bank, Netherlands

2

7

Deustche Bank, Philippines

1

Deustche Bank, Philippines (U.S. dollar account)

1

3

Deutsche Bank, Poland

1

Deustche Bank, Poland (Euro account)

2

1

Deutsche Bank, Spain

1

1

Deutsche Bank, Singapore

3

1

Deutsche Bank, Switzerland

1

10

Deutsche Bank, Switzerland (U.S. dollar account)

1

Deustche Bank, Thailand

3

Deustche Bank, Thailand (U.S. dollar account)

1

Deutsche Bank, United Kingdom

40

29

Deustche Bank – EEFC (Euro account)

8

3

Deutsche Bank – EEFC (United Kingdom Pound Sterling account)

1

Deustche Bank – EEFC (Swiss Franc account)

2

Deustche Bank – EEFC (U.S. dollar account)

143

8

HSBC Bank, U.K.

10

2

HDFC Bank – Unclaimed dividend account

1

1

ICICI Bank, India

32

133

ICICI Bank, U.K.

1

1

ICICI Bank – EEFC (Euro account)

1

ICICI Bank – EEFC (United Kingdom Pound Sterling account)

1

2

ICICI Bank – EEFC (U.S. dollar account)

22

10

ICICI bank – Unclaimed dividend account

1

1

National Australia Bank Limited, Australia

1

21

National Australia Bank Limited, Australia (U.S. dollar account)

14

Nordbanken, Sweden

5

1

Royal Bank of Canada, Canada

23

20

Shanghai Pudong Development Bank, China

2

Wachovia Bank, U.S.

7

777

1,128

Deposit Accounts

ABN Amro Bank, China

14

Andhra Bank

399

99

Allahabad Bank

561

150

Axis Bank

536

Bank of America

82

Bank of America, Mexico

17

Bank of Baroda

1,100

299

Bank of India

1,197

881

Bank of Maharashtra

506

500

Barclays Bank

100

Canara Bank

1,329

963

Central Bank of India

354

100

Corporation Bank

295

276

Citibank NA, Czech Republic

5

9

Citibank NA, Czech Republic,
U.S. dollar

1

Citibank (Euro account)

3

Citibank (U.S. dollar account)

4

Citibank Brazil

3

Deustche Bank, Poland

21

8

DBS Bank

49

HDFC Bank

646

HSBC Bank

483

HSBC Bank, U.K.

18

ICICI Bank

788

1,435

IDBI Bank

770

909

ING Vysya Bank

25

Indian Overseas Bank

518

140

Jammu and Kashmir Bank

12

10

Kotak Mahindra Bank

25

61

National Australia Bank Limited, Australia

546

312

Nordbanken, Sweden

1

Oriental Bank of Commerce

653

100

Punjab National Bank

1,493

994

South Indian Bank

50

State Bank of Hyderabad

255

233

State Bank of India

457

126

State Bank of Mysore

354

496

Syndicate Bank

504

475

Union Bank of India

631

93

Vijaya Bank

144

95

Yes Bank

33

14,318

9,428

Deposits with corporations

HDFC Limited

1,571

1,551

Sundaram BNP Paribas Home Finance Limited

4

1,571

1,555

Total

16,666

12,111