DBOD.No.FSC.BC.14/24.91.001/98

February 16, 1998

Magha 27, 1919 (Saka)

All Commercial Banks and other institutions permitted to participate in Call/Notice Money Market and Bills Rediscounting Scheme

Dear Sir,

PERMISSION TO PARTICIPATE IN CALL/NOTICE MONEY MARKET AND BILLS REDISCOUNTING SCHEME – PRIVATE SECTOR MUTUAL FUNDS

Please refer to Serial No.30 Part B of Annexure I to our circular No.DBOD FSC.BC.68/24.91.001-95 dated June 27, 1995j in terms of which CRB Mutual Fund was permitted to participate only as lender in Call/Notice Money Market (overnight call money and short notice money for period upto and including 14 days) and Bills Rediscounting Scheme. It has been decided to withdraw the permission granted to CRB Mutual Fund to operate in Call/Notice money and Bills Rediscounting markets till further notice.

Yours faithfully

(Devaki Muthukrishnan)

General Manager