--------------------------------------------------------------------------- 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 09, 2001 95006 14.00 % 2005 22.2775 118.60 8.2305 97010 11.19 % 2005 25.00 111.85 7.6976 97010 11.19 % 2005 9.491 111.70 7.7388 9701

Date of Auction :August 14, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:26 Amount:Rs.612.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.31 IV.Competitive bids accepted Number:12 Amount:Rs.250.00 crore V.Partial Allotment Percentage:28.21 (5 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A.N.L. Rao Asst. ManagerPress Relea

--------------------------------------------------------------------------- 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 10, 2001 01005 9.81 % 2013 0.30 102.32 9.5853 Contract Date : August 11, 1901 00015 11.43 % 2015 10.00 111.88 10.2130 Contract Date

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 Andhra Pradesh to be held on August 13, 2001 was 25.00 paise. No bids for underwriting of 10-year Stock of Government of West Bengal have been accepted.P.V. Sadanandan Assistant ManagerPress Release : 2001-02/184

The results of 10-year stock auctions of three State Governments held today are : Auction Results Andhra PradeshMadhya PradeshWest Bengal I.Notified amount (Rs. in crore): 475.00105.00250.00 II.Bids received (i) Number:531831 (ii) Amount (Rs. in crore):873.5015166.252317.001 III.Cut-off Yield (%):9.539.559.72 IV.Bids accepted (i) Number:15624 (ii) Amount (Rs. in crore):475.00105.00250.00 V.Partial Allotment Percentage:90.00 (2 bids)100.00 (3 bids) (Approx)29.99 (1 bid

--------------------------------------------------------------------------- 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 08, 2001 00017 11.50 % 2011 5.00 114.10 9.3342 00012 11.03 % 2012 5.00 110.15 9.5154 00012 11.03 % 2012 10.00 110.185 9.5105 00012 1

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 terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated 31 March 1998 issued by Government of India

--------------------------------------------------------------------------- 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 07, 2001 00017 11.50 % 2011 10.00 113.84 9.3709 00012 11.03 % 2012 5.00 109.80 9.5646 Contract Date : August 08, 2001 87006 11.00 %

--------------------------------------------------------------------------- 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 07, 2001 94009 11.75 % 2001 25.00 100.216 7.1465 94009 11.75 % 2001 45.00 100.20 7.4695 87006 11.00 % 2002 5.00 102.70 7.2562 97011

--------------------------------------------------------------------------- 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 06, 2001 97011 11.15 % 2002 10.00 103.94 7.2433 98004 11.10 % 2003 5.00 105.75 7.3622 98020 11.78 % 2003 1.00 105.75 8.6180 94003 12