India's got areas that need improvement. You have no capital market here. Yeah, you have a stock market, but you have no bond market. That puts the entire onus on banks. That makes it tough for mid-size and small companies to find capital, Henry Kravis, co-founder of KKR said in a press conference.

Key highlights of the conversation:

• GST, IBC are very positive steps that India has taken.
• If you have NPAs in banks you need to take the tough medicine and go to the bad bank solution.
• The drip test of putting good money after bad money never pays off.
• I would encourage banks to go ahead and take the tough medicine.
• It could be a government created bad bank or some banks (in the world) have created it on their own.
• I laugh about when I see India putting pressure on RBI. We have the same situation in the U.S.
• This has been historical. There's nothing new about the government trying to jawbone central banks. But central banks must be independent.
• If all of a sudden, they woke up and closed the spigots (credit controls) then yes. I don't see that here. Today's excitement about the new RBI governor. Tomorrow it will be just news. The more fundamental issues here is that you have a govt that is pro-business. And over the next 5-6months there will be large amount of liquidity in the system due to elections.
• The best private equity company in the world is Berkshire Hathaway. Warren Buffett has permanent capital, his power of compounding is huge, he never has to sell a company.
• We've taken a lot of minority positions in India that didn't always give us the influence we'd want. Some have us a guaranteed return. But we haven't had the same control that we'd have in control situations.

Shares of the country's largest two-wheeler maker rose as much as 5.27 percent, the most since Nov. 26, to Rs 3,199.

Trading volume was five times its 20-day average, according to data compiled by Bloomberg.

Shares of the Bengaluru-based airport developer rose as much as 6.44 percent, the most since Sept. 24, to Rs 15.70.

Trading volume was nearly three times its 20-day average, according to data compiled by Bloomberg.

Over 1.14 crore shares changed hands on the National Stock Exchange, according to information on NSE's website.

Nifty's 10,500 put option contract was among the most active option contracts on the National Stock Exchange.

Premium on the contract plunged 43 percent to Rs 67.20. Over 7.52 lakh shares were added to the open interest which stood at over 42.18 lakh shares.

Shares of the film production and distribution company rose as much as 4.91 percent to Rs 273.50.

UFO Moviez’s non-promoter investors have agreed to sell their shares in Qube Digital Cinema Pvt. Ltd. to UFO Moviez and ICICI Ventures at Rs 264.88 per share as against an earlier decided price of Rs 302.65, according to an exchange filing.