When a rich borrower does not pay back a loan, he ceases to be a customer, so there is no issue of confidentiality...

Little-noticed amendment gains significance ...

India's financial sector is dysfunctional, and fixing it will require a revolution...

At the end of 7 months, the fiscal deficit is at 103.9% of the budgeted target for the full year ...

Domestic currency gained a whopping 77 paise to close at 69.85 to the greenback, the first time in three months the unit crossed the 70-mark...

Sparring promoters close to a deal...

The government does not need more money from RBI in the next 6 months, he says...

Hopefully there will be no sound and fury at the next meeting to grapple with liquidity and governance issues...

North Block will have to infuse less capital into government-owned banks...

Post deal, PNB would have held a strategic stake of 19.78% of the paid-up capital of the company...