The Reserve Bank of India has announced the auction of 14 day Government of India treasury bills for a notified amount of Rs.100 crore. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank. The sale will be subject to terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated 31 March 1998 issued by Government of India.Tenders should be submitted in the prescribed form on Friday, March

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : February 16, 2001 11.30 % 2010 5.00 106.35 10.2336 Contract Date : February 17, 2001 11.68 % 2006 10.00 107.68 9.7402 11.68 % 2006 5.00 107.48 9.7882

Date of Auction :February 23, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:19 Amount:Rs.189.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.99.71 IV.Competitive bids accepted Number:10 Amount:Rs.100.00 crore V.Partial Allotment Percentage:20.27 (4 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A. VIII.Weighted Average Price:99

Date of Auction :February 23, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:18 Amount:Rs.172.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.97.96 IV.Competitive bids accepted Number:8 Amount:Rs.100.00 crore V.Partial Allotment Percentage:35.00 (1 bid) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A.Ajit Prasad ManagerPress Release

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : February 16, 2001 11.10 % 2003 5.00 103.00 9.5051 12.50 % 2004 5.00 107.50 9.6369 12.50 % 2004 10.00 107.48 9.6442 12.50 % 2004 5.00 107.89 9.4956 12

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : February 15, 2001 10.70 % 2020 1.50 100.20 10.6713 Contract Date : February 16, 2001 13.75 % 2001 1.80 101.18 9.1639 13.75 % 2001 5.20 101.18 9.1639

Date of Auction : February 20, 2001 I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:58 Amount:Rs.1272.75 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.91.74 IV.Competitive bids accepted Number:30 Amount:Rs.750.00 crore V.Partial Allotment Percentage:18.06 (2 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:NA VIII.Weighted Average Price:9

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : February 14, 2001 11.03 % 2012 2.00 103.70 10.4648 10.47 % 2015 15.00 100.29 10.4299 Contract Date : February 15, 2001 12.08 % 2001 0.245 100.172 10.

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : February 05, 2001 11.75 % 2001 5.00 101.30 9.2705 11.55 % 2002 5.00 103.24 9.5056 Contract Date : February 13, 2001 11.40 % 2008 0.32 107.45 9.9700 1

Date of Auction :February 16, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:20 Amount:Rs.222.00 crore (b) Non-competitive bids Number:1 Amount:Rs.75.00 crore III.Cut-off price:Rs.97.92 IV.Competitive bids accepted Number:10 Amount:Rs.100.00 crore V.Partial Allotment Percentage:36.36 (4 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.75.00 crore (b)Partial Allotment Percentage:N.A.P.V. Sada