Top 152 Quotes & Sayings by Chanda Kochhar
Explore popular quotes and sayings by an Indian businesswoman Chanda Kochhar.
Last updated on November 3, 2024.
We believe the new banks will complement the existing banking system, and there will be opportunities for players to identify mutually beneficial partnerships.
I think I have it all. But I won't say that the credit for all that goes to me. I think the credit for all that goes to everybody around me. I mean, I have it all because my entire family is so cooperative. I have it all because my children did not whine and cry when I was not there. So, I think it's, you know, in a way, a two-way street.
If you take existing ideas and make them affordable and scalable, you substantially change business models.
Our approach on lending has always been that we will lend to India-linked assets, because that's the risk that we understand, and that is the business that has been doing very well.
It is always impossible to expect things getting done in 90 days.
Adaptability is a great asset to have because life is so unpredictable, and things can change overnight for any of us.
In India, we have the opportunity to give innovation the kind of scale that no other country in the world can. Innovation is a necessity.
Aggression at a time when the economy was growing at substantial rates and the retail lending as an industry was growing at a substantial rate was an appropriate aggression. Caution at a time when the economic environment is so uncertain is an appropriate caution.
I had to work just as hard as my male colleagues.
It's very important to have the comfort of the regulator in every geography where you operate.
Mark-to-market losses are not real loss. It's a notional loss.
I believe in fate, but I also believe that hard work and diligence plays a very important role in our lives.
It is important always to make full use of opportunities that come your way, and at the same time, it is important to not just cope with the challenges but try and convert each challenge into an opportunity.
You have to handle the challenges and emerge stronger from them, rather than allow them to bog you down.
The scope of activities for payments banks mainly includes acceptance of demand deposits, issuance of ATM/debit cards, payment and remittance services, and distribution of third-party products.
Nobody likes high interest rates.
We have always said that over the medium and long term, we will disinvest some part of our holding in our major subsidiary companies, and life insurance is our largest subsidiary company.
The growth that we are targeting for our bank is in line with the banking industry.
It's not that the regulator doesn't want the banking industry to grow. The growth of the industry has always been in relation to the GDP (gross domestic product) growth.
Practise and practise to make your dreams turn into reality.
A demography that is digitising rapidly, and the potential to invest in infrastructure, are the key strengths of India.
What I was told by my parents was that, you know, take this inhibition out whether you're a girl or a boy. Basically, pursue your dream, and as long as you're a capable and hardworking human being, you will be able to follow and fulfill your dream.
To reap this demographic dividend, we need to enable the youth to acquire skills required to get the job or become self-employed.
Rising incomes and positive demographics will provide opportunities for retail financial services in India.
Any of our businesses will not exist in the form that is today, will not exist in the same form one year later, two years later... We have to worry about the disruptions in the business models and the practices.
Thankfully I have an ecosystem of in-laws, parents and husband, who are my rocks.
When I moved from corporate to consumer banking, I brought a lot of synergy with me.
If we look at India and the Indian demographics and the Indian consumer, I think the Indian consumer is going digital, social, and mobile. They want everything in a digital format, everything available on the go, and we socially connected.
I remember the reactions I got when we first visited factories to inspect the projects that we were funding. It was not easy for people to see a woman there. That was a time when most of these workplaces were not even equipped with a loo for women.
Our focus is more on secured retail business like housing and car loans. While we will do some unsecured loans - credit cards and personal loans - we will do it primarily with existing customers.
Only if you aspire for more will you achieve more.
I think we have to pick up some sectors where we can make India the global hub in the entire value chain, and the most important sector to pick up should be electronics.
Power projects are differently placed to road projects. There's difference stress across different companies across different groups based on their leverage levels.
I think everybody wants GST.
We have to understand that India is a complex country. Everything takes time for the real impact to get translated to the economy.
As far as investors and customers are concerned, I make it a point to answer each and every piece of mail that comes to me.
I think India's growth itself will give opportunities for Indian banks to become substantially bigger.
I was good with numbers.
Innovation is a necessity.
The consolidation that we started in 2009 was clearly the requirement of that time.
The increase in coal production and the efficiency in coal movement are all administrative things that can add a lot to the economic growth.
I believe Indian banks have a strong funding profile with largely deposit-funded balance sheets, a large physical presence to cater to the needs of customers, and ability to provide comprehensive solutions to customers.
I have always been saying that while - the legislative reforms are good, but there are so many low-hanging fruits that we have look for by taking executive decisions. I think the government is actually moving in the right direction.
I learnt to always keep my mind open to new ideas and looked at each new assignment as an opportunity to learn and prove myself.
The restructuring theme can be of various kinds. Some amount of debt gets serviced out of cash flows, some gets back-ended and resolved with sale of non-core assets of the company, and some debt gets converted into equity which might today look like a haircut.
As we were growing retail, and it was a huge growth phase, it was very important to keep our quality under control. Therefore, it was not just distribution, not just back-office operations, but also the risk-management practices. And these we learned together, supported by technology.
Our institutional framework needs to be bolstered further. We have to implement laws like the proposed Bankruptcy Code and GST (Goods and Services Tax), which will create efficiencies and strongly support the business environment.
What women need are not benefits and advantages but a merit-based selection process that will allow them to automatically benefit from various opportunities.
If you look at the numbers from 2002 to 2016, we have consistently been market leaders. We have followed a well-articulated strategy, and our focus is to continue that strategy.
My father, in a way, was a mentor in the way he instilled the basic values and ethics in me. My mother was a mentor by showing me an example to say that if women have tenacity, they can achieve whatever they have to.
Business has to be done with both head and heart.
We believe that rural India is going to be the next driver of growth. You cannot make money overnight there, as you have to set up infrastructure there; the value of transactions is lower - you need a few years before you can really make all those businesses profitable.
We have to address impediments that stall implementation of projects and streamline the process to ensure smooth execution going forward. We need to address the leverage levels among corporates to restart investment cycle.
When we in our sector talk of the adoption of Indian consumers to new products and innovative ways of doing banking, they always exceed our expectations.
I believe that India's long-term growth story is strong, and foreign investors are keen to be a part of it.
Aim for the sky, but move slowly, enjoying every step along the way. It is all those little steps that make the journey complete.
Whenever there is a challenge, the key is not to get consumed by the challenge but actually to learn from it.
Every quarter, we need to see the portfolio and follow the accounting practice of mark-to-market that values investments according to the prevailing market prices and at the price at which they are made.
The global market does not understand the India risk as well as we do, and therefore, we have the arbitrage facility of making better margin on the same set of Indian firms than what we would have made by giving rupee loans.
We have to always set an aspiration for ourselves and then strive to get there.
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