--------------------------------------------------------------------------- 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 : August 24, 2001 00014 11.30 % 2010 5.00 114.04 8.9780 00014 11.30 % 2010 5.00 114.10 8.9690 00017 11.50 % 2011 5.00 115.81 9.0915 00017 11.

The Reserve Bank of India has announced that the cut-off rate for underwriting by Primary Dealers for the Yield Based Auction of 10-year Stock of Government of Maharashtra & Tamil Nadu to be held on August 28, 2001 was 15 paise and 14 paise respectively. P.V. Sadanandan Asst. ManagerPress Release : 2001-02/232

The results of 10-year stock auctions of three State Governments held today are : Auction Results Maharashtra Punjab Tamil Nadu I. Notified amount (Rs. in crore) : 290.00 130.00 320.00 II. Bids received (i) Number : 60 48 59 (ii) Amount (Rs. in crore) : 635.60 440.70 799.70 III. Cut-off Yield (%) : 9.40 9.40 9.38 IV. Bids accepted (i) Number : 23 13 16 (ii) Amount (Rs. in crore) : 290.00 130.00 320.00 V. Partial Allotment Percentage : 61.23 (7 bids) 87.28 (5 bids) N.A

--------------------------------------------------------------------------- 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 : August 23, 2001 99005 12.32 % 2011 5.00 116.49 9.6188 99005 12.32 % 2011 5.00 116.50 9.6173 00012 11.03 % 2012 5.00 111.27 9.3560 00015 11.

--------------------------------------------------------------------------- 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 : August 23, 2001 97011 11.15 % 2002 10.00 103.88 7.1424 97011 11.15 % 2002 15.00 103.89 7.1324 97011 11.15 % 2002 100.00 103.889 7.1328 9701

The Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.250 crore. The auction will be conducted using "Uniform Price Auction" method. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank. The sale will be subject to the terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated 31 March 1998 issued by Government of I

--------------------------------------------------------------------------- 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 : August 20, 2001 92005 12.75 % 2002 5.00 105.15 7.0876 92005 12.75 % 2002 10.00 105.15 7.0876 97011 11.15 % 2002 10.00 103.93 7.1216 97011 1

--------------------------------------------------------------------------- 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 : August 17, 2001 97010 11.19 % 2005 5.00 112.15 7.5991 00016 11.40 % 2008 10.00 115.53 8.4284 99006 11.99 % 2009 5.00 116.13 9.0179 01007 9.

The on tap sale of 9.56 per cent Kerala State Development Loan, 2011 received good response and was, therefore, closed at 12.10 hrs. today. The sale received approximately Rs.290 crore. The on tap sale of 9.56 per cent Kerala State Development Loan, 2011 opened for subscription on August 23, 2001 at the Reserve Bank of India, Mumbai and Thiruvananthapuram. Ajit Prasad ManagerPress Release : 2001-02/218

Three State Governments have announced the sale of 10-year stock to the public by auction for an aggregate amount of Rs.740 crore as detailed below :StateAmount (Rs.crore)Maharashtra290Punjab130Tamil Nadu320 740The auction will be conducted by Mumbai (Fort) office of the Reserve Bank of India on Tuesday, August 28, 2001. Tenders should be submitted in the prescribed form on Tuesday, August 28, 2001 before 14.30 hrs. Results will be announced the same evening. Payment