Thousand separator in MS Excel 2010

I recently upgraded to Microsoft Excel 2010 and I am having an issue in the formatting of my numbers. The thousands separator (comma in my country) is only being applied to the last thousand bucket but all other thousands above that are not being separated.
For example, 1,000,000 (one million) is being displayed as 10,00,000
I have read through hundreds of questions and answers in various forums but no one else seems to be having this issue. At my company, every person who has been transitioned to Excel 2010 is experiencing the same problem. I have tried searching and changing
settings, advanced settings as well, but nothing seems to work. Please help me.
I am a financial controller and my reports are very cumbersome when i cannot read the numbers easily.
Many thanks.
Kind regards,

1. In Windows 7 go to the Control Panel then click on:-
Clock, Language, and Region
In the:-
Region and Language
 - section click on:-
Change the date, time, or number format
Region and Language
 - window should open.
2. In the:-
Region and Language
 - window click on the button called:-
Additional settings . . .
Customize Format
 - window should open.
3. In the:-
Customize Format
 - window click on the:-
 - tab (if it has not already been selected) then make the changes that you want.
On my pc (which is set up the way that you want it) the following are the settings:-
Decimal symbol: .
No. of digits after decimal: 2
Digit grouping symbol: ,
Digit grouping: 123,456,789
Negative sign symbol: -
Negative number format: -1.1
Display leading zeros: 0.7
List separator: ,
Measurement system: Metric
Standard digits: 0123456789
Use native digits: Never
EXCEL should now return to the window called:-
Region and Language

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    Hello danceswithwindows,
    Thank you for your post.
    This is a quick note to let you know that we are performing research on this issue.
    Rex Zhang
    Rex Zhang
    TechNet Community Support

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