Results of Underwriting Auctions

In the auctions conducted on December 29, 2011 for Additional Competitive Underwriting (ACU) of the undernoted securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: (` crore)             Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate (paise per ` 100) 7.99% GS 2017 3000 1512 1488 3000 2.80 9.15% GS 2024 6000 3003 2997 6000 0.99 8.28% GS 2027 3000 1512 1488 3000 2.95 8.83% GS 2041 3000 1512 1488 3000 1.97             Auction for the sale of securities will be held on December 30, 2011. Subhash Desai Assistant Manager Press Release : 2011-2012/1029