--------------------------------------------------------------------------- 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 : May 29, 2001 00016 11.40 % 2008 10.00 110.08 9.4432 00016 11.40 % 2008 4.28 110.075 9.4441 99005 12.32 % 2011 10.00 114.10 10.0050 99005 12

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13650.0012480.00 26130.00Lendings19321.001851.004426.0025598.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.856.89 (b) Range of rates6.00-7.154.75-7.502 Term Money Market*Volume(Turnover)Range of RatesBorrowings17.007.05-9.75Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstand

The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on May 4, 2001 the application for certificate of registration submitted by the M/s. Shariah Islamic Finance & Investment Co. (I) Ltd., 7-B/244, Shariah House, petwala Compound, Maulana Azad Road, Mumbai 400 008. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clau

The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on May 28, 2001 the application for certificate of registration submitted by M/s. Crester Global Finance Ltd., having its Registered Office at Plot No.112, 8-3-110/1/A, 1st floor, Srinagar Colony, Hyderabad-500 073, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact th

June 1, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.05 on 01.06.2001. 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 YEN31 May, 2001 46.990066.852740.044939.3901 June, 2001 47.050066.853339.870239.5600Note : 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 June 1, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for three day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 1 7800 Nil NA2. Applications accepted for three day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 7800 6.50 NA NA NA3. Weighted average Cut-off Rate (pe

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings12986.0013092.00 26078.00Lendings17828.002183.004527.0024538.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.917.01 (b) Range of rates6.00-7.154.91-8.252 Term Money Market*Volume(Turnover)Range of RatesBorrowings50.008.55-8.55Lendings8.0011.00-11.003. Standing Liquidity Facility Availed from RBI $ Amo

--------------------------------------------------------------------------- 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 : May 28, 2001 84002 9.50 % 2008 5.00 100.15 9.4638 99004 12.29 % 2010 10.00 113.38 9.9452 99004 12.29 % 2010 10.00 113.435 9.9364 00014 11.3

The Basel Committee on Banking Supervision, which is setting global standards and benchmarks on regulatory/supervisory practices, had released in June 1999, a Consultative Paper on a New Capital Adequacy Framework for comments by market players and Central Banks. Recognising the implications of the new framework for emerging markets, particularly for India, The Reserve Bank of India had forwarded its comments on the new framework to the Basel Committee in March 2000.

May 31, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.99 on 31.05.2001. 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 May, 200146.960066.791240.272939.0231 May, 200146.990066.852740.044939.3900Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai