Billionaire Urges $15 Billion Haircut for Indian Bad Debt

  • Hinduja says efforts to buy bad loans thwarted by high prices
  • ‘With small haircuts they would not be able to find investors’

Gopichand Hinduja.

Photographer: Simon Dawson/Bloomberg

Billionaire Gopichand Hinduja says India’s banks are placing too high a price on their distressed assets.

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