Rate action comes on a day P Chidambaram takes charge as finance minister
Experts say terms on IRR, board seats & anti-dilution unsustainable
Segment losing sheen lately with maturing of business
Company sets sight on affordable housing, MSMEs and rural financing
Reserve Bank of India governor says earlier rate cut wasn't hasty, it required government action which didn't come
Dollar's gains against euro in overseas mkts and weak opening in stock mkt put pressure on rupee
Mops up $150 million and Euro 50 million from 14 banks across nine countries
SBI-SAYS-CUTS-INTEREST-RATE-ON-DOMESTIC-TERM:SBI says cuts interest rate on domestic term deposits
PNB, however, increased interest rates on deposits by 0.25% to 9% for maturity of 1 yr
June quarter data shows higher slippages by PSBs agri sector, SMEs account for bulk of defaults
Keeps benchmark rate at 0.75% intervention in bond market may lower borrowing costs