The Reserve Bank of India has appointed Shri S. G. Kale, I.A.S. (Retd.) as Banking Ombudsman at Mumbai from August 1, 2001. As Banking Ombudsman, Shri Kale would have his office at Garment House, Dr. Annie Besant Road, Worli, Mumbai 400 018 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the States of Maharashtra and Goa.P.V. Sadanandan Asst. ManagerPress Release: 2001-02/132

The results of the RBI Repo/Reverse Repo auctions held on August 1, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for one day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 1 4000 Nil NA2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 4000 6.50 NA NA NA3. Weighted average Cut-off Rate (per

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced one day repo auction and reverse repo auction in Government of India dated securities and treasury bills of all maturities of 91, 182 and 364 day Treasury Bills on August 2, 2001 (Thursday) for scheduled commercial banks and Primary Dealers holding SGLAccount and Current Account with it at Mumbai. The eligible banks/institutions may submit separate applications before 10.30 a.m.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14390.0010495.00 24885.00Lendings15157.002112.005656.0222925.02(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.007.01 (b) Range of rates6.00- 7.805.03- 7.802 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings35.008.75- 9.753. Standing Liquidity Facility Availed from RBI $ Amount (outst

--------------------------------------------------------------------------- Loan Nomenclature Amount Price * YTM % Code (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : July 27, 2001 00016 11.40 % 2008 5.00 114.84 8.5623 99006 11.99 % 2009 25.00 115.48 9.1389 99006 11.99 % 2009 10.00 115.47 9.1406 99004 12.

Smt. K. J. Udeshi, Chief General Manager-in-Charge, Exchange Control Department, Reserve Bank of India, Central Office, Mumbai has been appointed as Executive Director with effect from August 1, 2001.Alpana Killawala General ManagerPress Release: 2001-02/126

The Reserve Bank of India has reiterated that non-banking non-financial companies need not submit the return of deposits to the Reserve Bank. There is, however, no change in the instructions in relation to non-banking financial companies. It may be recalled that in terms of the provisions contained in the Companies Act, 1956, the non-banking non-financial companies are required to submit the return on deposits mobilised by them to the Registrar of Companies. Copies of

July 31, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.16 on 31.07.2001. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : DateCURRENCY 1 USD1 GBP1 EURO100 YEN30 July, 200147.140067.068441.195637.8131 July, 200147.160067.337441.293337.7600Note : The reference rate is based on 12 noon rates of a few select banks in Mum

The results of the RBI Repo/Reverse Repo auctions held on July 31, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for one day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 2 3850 Nil NA2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 2 (Partial 1925 Allotment) 6.50 NA NA NA3. Weighted average

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced one day repo auction and reverse repo auction in Government of India dated securities and treasury bills of all maturities of 91, 182 and 364 day Treasury Bills on August 1, 2001 (Wednesday) for scheduled commercial banks and Primary Dealers holding SGLAccount and Current Account with it at Mumbai. The eligible banks/institutions may submit separate applications before 10.30 a.m