DSP ML named best pvt banking service by Euromoney

Mumbai: DSP Merrill Lynch Limited has been named as Best Private Banking Services Overall according to Euromoney's 2008 India private banking poll for the fourth consecutive year.

The categories in which DSP Merrill Global Private Lynch has been rated No. 1 are:

* Best private banking services overall

* High Net Worth (HMW) - (US$1m to 10m)

* High Net Worth II ($10m to 30m)

* Ultra HNW (greater than $30m)

"2007 has been significant in terms of investors becoming increasingly aware of the benefits of financial advice and disciplined asset allocation. We firmly believe that with the expanded DSPML product platform such as trust services, lending, etc., and a strategic solutions based private banking services will add value to our high net worth clients," said Mr. Pradeep Dokania, head of Global Private Client Group, DSP Merrill Lynch.

"It is an honour to receive the award and we would like to thank our clients and associates who have reiterated their confidence in us, year after year," said Mr. Shitin Desai, Executive Vice Chairman, and DSP Merrill Lynch. "We remain committed to building long term relationships with our clients."

About DSP Merrill Lynch

DSP Merrill Lynch Limited ("DSPML") is one of India's leading, capital riaisng, financial management and advisory companies. Merrill Lynch holds 90% stake in DSPML. DSPML has been ranked highly by several respected international publications including Asiamoney, Institutional Investor & The Asset magazine. Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies, with offices in 38 countries and territories and total client assets of almost $2.0 trillion.

About Global Private Client

In India, the Global Private Client group ("GPC") provides access to quality investment advice and a variety of financial products and services to both resident and non-resident clients. Through the world-wide presence of Merrill Lynch, Global Private Client offers truly global capabilities, market intelligence and dedicated resources to help clients build and preserve their wealth.