The Reserve Bank of India has imposed a penalty of Rs.10 lakh (Rupees Ten Lakh only) on Credit Agricole – Corporate & Investment Bank and a penalty of Rs. Five lakh (Rupees five lakh only) on Karnataka Bank Limited for non-compliance with its directives on derivatives.

The Government of West Bengal has announced the sale of their 10-year State Development Loan (SDL) for an aggregate amount of `1500.000 crore (face value) through yield based auction using multiple price auction method.

The Reserve Bank of India has announced the auction of 182-day Government of India Treasury Bills for notified amount of ` 3,000 crore. The auction will be conducted on September 14, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the Bank. The sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W & M/97 dated 31st March, 1998 issued by Government of India and as amended from time to time.

The Reserve Bank of India has announced the auction of 91-day Government of India Treasury Bills for notified amount of ` 7,000 crore. The auction will be conducted on September 14, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the Bank. The sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W & M/97 dated 31st March, 1998 issued by Government of India and as amended from time to time.

The result of the RBI Reverse Repo auction held today is as under: