It was not only banks in the U.S. that freely loaned money over the last few years, but also those in India, and not surprisingly, many of their debtors have recently run into trouble making payments. Indian banks, inexperienced at collecting from so many defaulting consumers, often prefer to hire “goondas” (thugs) to settle debts the old-fashioned way, according to a January Wall Street Journal report. Though iron-bar beatings are frowned upon, some bankers say it’s their only recourse because of the numbingly slow pace of the Indian legal system.
http://www.metropulse.com/articles/2008/18_07/weird.html
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