--------------------------------------------------------------------------- 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 26, 2001 98023 12.25 % 2008 5.00 112.60 9.7838 99006 11.99 % 2009 5.00 111.70 9.8151 99004 12.29 % 2010 10.00 112.76 10.0458 99004 12.2

Date of Auction :May 30, 2001I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:66 Amount:Rs.2149.57 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.92.55 IV.Competitive bids accepted Number:22 Amount:Rs.750.00 crore V.Partial Allotment Percentage:64.58 (6 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:92.59A

Date of Auction :May 30, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:31 Amount:Rs.583.75 crore (b) Non-competitive bids Number:1 Amount:Rs.100.00 crore III.Cut-off price:Rs.98.19 IV.Competitive bids accepted Number:12 Amount:Rs.250.00 crore V.Partial Allotment Percentage:83.33 (2 bids) VI .Devolvement on RBI:NIL VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.100.00 crore (b)Partial Allotment Percentage:N.A.Ajit Prasad

--------------------------------------------------------------------------- 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 25, 2001 98009 11.90 % 2007 5.00 111.65 9.3233 98007 12.00 % 2008 5.00 110.95 9.7853 98007 12.00 % 2008 5.00 110.94 9.7872 00016 11.40

The results of the auction of 20 Year Government Stock Auction held on May 29, 2001 are : Auction Results I.Notified amount: Rs.2,000.00 crore II.Bids received (i) Number:196 (ii) Amount:Rs. 7440.509 crore III.Cut-off Yield (Coupon rate):Rs.10.25 IV.Bids accepted (i) Number:27 (ii) Amount:Rs. 2000.00 crore V.Partial Allotment Percentage:51.20 (14 bids) VI.Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Devolvement on RBI:Nil VIII.Wei

The results of the auction of 12 Year Government Stock Auction held on May 29, 2001 are : Auction Results I.Notified amount: Rs.3,000.00 crore II.Bids received (i) Number:243 (ii) Amount:Rs. 7064.767 crore III.Cut-off Yield (Coupon rate):Rs.9.81 IV.Bids accepted (i) Number:82 (ii) Amount:Rs. 3000.00 crore V.Partial Allotment Percentage:12.85 (22 bids) VI.Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Devolvement on RBI:Nil VIII.Weig

--------------------------------------------------------------------------- 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 24, 2001 00016 11.40 % 2008 10.00 109.58 9.5366 01001 10.47 % 2015 10.00 101.93 10.2012 Contract Date : May 25, 2001 98013 11.55 % 2001

RBI has announced that the cut-off rate for underwriting by Primary Dealers for the Yield Based Auctions of 12 Year Govt. Stock and 20 Year Govt. Stock to be held on May 29, 2001 was 1.00 paise and 2.00 paise respectively.

--------------------------------------------------------------------------- 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 23, 2001 00011 10.20 % 2005 5.00 103.85 9.0567 99004 12.29 % 2010 15.00 111.50 10.2519 00010 10.95 % 2011 10.00 106.64 9.8898 00017 11.

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