“Historically, in India, the strange fact was that the equity owner was not taking as much hit as the lender. Therefore, if we restore the first principle of economics, that first the equity owner needs to take the hit and then the lender, we will get a good solution.”

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Originally said in English.

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About Uday Kotak

Uday Kotak is quoted here; further biographical details are not publicly available.

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"Historically, in India, the strange fact was that the equity owner wa…" — Uday Kotak | Daily Quotes