Indian Banks' Soaring Price-to-Truth Ratio
Pedestrians walk past an advertisement for Punjab National Bank in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Indian Banks' Soaring Price-to-Truth Ratio

(Bloomberg Gadfly) -- Remember the price-to-truth ratio? I coined the term three months ago for a certain kind of overvaluation of India's privately owned lenders, after three of these banks, suppo...
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