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The sooner bad bank is set up, the better it is for India: Henry Kravis

There are plenty of opportunities in India, said Henry Kravis

Henry Kravis,  Co-founder, KKR
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Henry Kravis, Co-founder, KKR

BS Reporter
Henry Kravis, the co-founder of global private equity firm Kohlberg Kravis Roberts & Co (KKR), thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO Sanjay Nayar.

Edited excerpts:

You have invested $8 billion, or 6 per cent of your global assets under management (AUM) of $132 billion, in India. Since you are bullish on India, how do you see that increasing?

Kravis: We are very high on India. I