All branches of State Bank of India Commercial and International Bank Limited started functioning as branches of State Bank of India from July 29, 2011. Customers, including depositors, of State Bank of India Commercial and International Bank Limited are able to operate their accounts as customers of State Bank of India.

The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on The Kalupur Commercial Co-operative Bank Ltd., Ahmedabad, District Ahmedabad in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of provisions of Banking Regulation Act/Reserve Bank of India directives/instructions relating to Know Your Bank (KYC) norms, membership to co-operative credit societies, displaying short name of the bank, using the word 'bank' in its related entities and extension of credit facilities to units outside the area of operations.

Data on sectoral deployment of credit collected on a monthly basis from select 47 scheduled commercial banks accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks for the month of June 2011 are set out in Statements I (rbidocs.rbi.org.in/rdocs/content/DOCs/PR290711AI.xls) and II (rbidocs.rbi.org.in/rdocs/content/DOCs/PR290711AII.xls) .  These data are also available in the Real-Time Handbook of Statistics on the Indian Economy (dbie.rbi.org.in (dbie.rbi.org.in/) ).

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 August 3, 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.