November 30, 2012

Press Release No. 1

News about ICICI Bank Limited, Kotak Mahindra Bank Limited and The Karnataka Bank Limited

The media had reports that ICICI Bank Limited or Kotak Mahindra Bank Limited is looking to acquire The Karnataka Bank Limited.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the banks.

ICICI Bank Limited has vide its letter inter-alia stated, "This is to inform you that ICICI Bank is currently not considering merger or acquisition of any bank".

Kotak Mahindra Bank Limited has vide its letter inter-alia stated, "We deny the rumor".

The Karnataka Bank Limited has vide its letter inter-alia stated, "We deny merger rumor with any Bank as reported in the media".

Press Release No. 2

Market-wide Position Limit in KTKBANK & SUZLON

The derivative contracts in the underlying KTKBANK & SUZLON have crossed 95% of the market-wide position limit on November 30, 2012. It is hereby informed that all clients/ members shall trade in derivative contracts of KTKBANK & SUZLON by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.