Quotes by Chanda Kochhar - Page 3

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.
Chanda Kochhar / Manager
Prevailing
According
Portfolio
Investments
Quarter
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I use my interaction with both my kids to know how the youth today relates to technology, their expectations in terms of mobility and social solutions by customer services-oriented businesses like banking.
Chanda Kochhar / Manager
Banking
Interaction
Mobility
Solutions
Customer
Relates
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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.
Chanda Kochhar / Manager
Time Opportunity Always
Convert
Cope
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India's growth drivers are actually two growth drivers. One is consumption, which arises out of our demographic advantage. And the other is the investments. Because we need a lot of investment in the country.
Chanda Kochhar / Manager
Advantage
Consumption
Drivers
Growth
Investment
Arises
Demographic
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It's not easy to have it all. Frankly, you know, you have to give as much to the career that the career requires and, at the same time, you have to give as much to the family as the attention that's required.
Chanda Kochhar / Manager
Family Time Easy
Frankly
Required
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The MBA entrance exams are so quantitative-oriented that it keeps out more and more women from joining the MBA classes. If we were to make the entrance exams more all-rounded, you could see more participation.
Chanda Kochhar / Manager
Joining
Participation
Classes
Women See More
Entrance
Exams
More And More
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Let me talk about what the banks are doing, and I think the banks have been working to make sure that, as much as possible, we move the currency to the smaller areas and to as many set of customers as possible.
Chanda Kochhar / Manager
Currency
Banks
Smaller
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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.
Chanda Kochhar / Manager
Disruption
Models
Practices
Year Later
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While working hard for my career, I looked after my family and have been there for my mother and in-laws when they needed me around. They reciprocated in kind with their unconditional love and support for my career.
Chanda Kochhar / Manager
Unconditional Love
In-laws
Unconditional
Love Family Me
Reciprocated
Working Hard
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Every business has to re-think their own business model and say does it meet this DSM test and do their products and services meet the test of being digital, social, and mobile? I think the banks are doing the same.
Chanda Kochhar / Manager
Digital
Banks
Business Model
Services
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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.
Chanda Kochhar / Manager
Ethics
Tenacity
Women Father Me
Instilled
Showing
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As far as discom reforms are concerned, they have to be a combination of two parts. One is the existing balance sheet and, therefore, taking care of that. The second important is the reduction in losses going forward.
Chanda Kochhar / Manager
Combination
Reduction
Existing
Losses
Sheet
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We don't understand the equity market well, and so we deploy funds in fixed-income securities, and like any other securities, investment in those securities also need to follow the mark-to-market accounting principle.
Chanda Kochhar / Manager
Accounting
Equity
Investment
Deploy
Follow
Funds
Market
Principle
Securities
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My priorities are going to be to play a very balanced role in the sense that I have to keep an eye on the challenges in the environment. At the same time, I have to keep an eye on the optimism that is there for India.
Chanda Kochhar / Manager
Balanced
Priorities
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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.
Chanda Kochhar / Manager
Balance Sheets
Funding
Profile
Sheets
Solutions
Believe Balance I Believe
Banks
Cater
Largely
Presence
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What we see is that we actually have digital channels through which the customers interact, but we also take the absolute brick channels, which is the branch, and convert that experience into a more digitised experience.
Chanda Kochhar / Manager
Customers
Digital
Absolute
Branch
Brick
Channels
Convert
Interact
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Resolution can be in any form - S4A, SDR or restructuring - but we need an enabling environment where bankers feel comfortable to take decisions and where they also feel obliged to implement decisions in a timely manner.
Chanda Kochhar / Manager
Enabling
Obliged
Resolution
Restructuring
Timely
Implement
Manner
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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.
Chanda Kochhar / Manager
Execution
Implementation
Investment
Levels
Smooth
Address
Cycle
Ensure
Impediment
Stall
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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.
Chanda Kochhar / Manager
Facility
Global Market
Loans
Margin
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I had to create a team of people who had worked in this industry for other banks. What I brought to that team was ICICI's strategic thinking, but when it came to domain knowledge or product nuances, I had to learn from the team.
Chanda Kochhar / Manager
Domain
Strategic
Banks
Brought
Nuances
Product
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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.
Chanda Kochhar / Manager
Bankruptcy
Code
Framework
Goods
Efficiencies
Further
Implement
Institutional
Proposed
Services
Strongly
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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.
Chanda Kochhar / Manager
Right Direction
Good Government Always
Good Government Look
Executive
Fruits
Reforms
Legislative
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It's not easy to have it all. Frankly, you know, you have to give as much to the career that the career requires and, at the same time, you have to give as much to the family as the attention that's required. But it can be done, yes.
Chanda Kochhar / Manager
Family Time Easy
Frankly
Required
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Remember that relationships are important and have to be nurtured and cherished. Also keep in mind that a relationship is a two way street, so be ready to give a relationship just as you would expect the other person to be giving to you.
Chanda Kochhar / Manager
Cherished
Nurtured
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I was only a young girl of 13 when my father passed away from a sudden heart attack, leaving us unprepared to take on life without him. We had been protected from life's challenges so far. But without warning, all that changed overnight.
Chanda Kochhar / Manager
Protected
Unprepared
Warning
Attack
Overnight
Passed
Sudden
Young Girl
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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.
Chanda Kochhar / Manager
Available
Demographics
Digital
Format
Consumer
Socially
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Mark-to-market losses are not real loss. It's a notional loss. What we can monitor is the credit quality of the underlying papers. Are the companies paying interest on time? Is there any deterioration in the credit quality of these companies?
Chanda Kochhar / Manager
Credit
Deterioration
Loss
Papers
Monitor
Paying
Underlying
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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.
Chanda Kochhar / Manager
Capable
Hardworking
Pursue
Fulfill
Inhibition
Your Dream
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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.
Chanda Kochhar / Manager
Factories
Funding
Reactions
Equipped
Visited
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Rather than worrying about entities, we should worry about the trends in technology that may cause disruptions... if we get so paranoid that banking is no longer going to exist and banks are going to get disrupted, I think that is a different worry.
Chanda Kochhar / Manager
Banking
Disruption
Banks
Disrupted
Entities
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One thing I would say about the Indian consumer is that as much change and as much technology, innovation that you offer to the Indian consumer, the Indian consumer is very receptive and actually keep expecting more, and we have had that great experience.
Chanda Kochhar / Manager
Expecting
Innovation
Receptive
Consumer
Great Experience
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The biggest challenge for me, for all of us, was that the consumer-credit market was very, very new for India and for ICICI. I was trying to create something that was not just new for me but absolutely unknown to the organization and the country as a whole.
Chanda Kochhar / Manager
Unknown
Biggest Challenge
Me Country New
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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.
Chanda Kochhar / Manager
Amount
Assets
Cash
Debt
Equity
Restructuring
Theme
Converted
Flows
Haircut
Resolved
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Even if it does not become cashless economy, it will become a less cash economy, and I think that itself is going to be a good and big achievement, and I think we are, as a country, gone through many of large changes, and ICICI has been a leader in many of them.
Chanda Kochhar / Manager
Achievement
Cash
Economy
Large
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Our large size, capital base, robust funding profile, extensive distribution network, diversified portfolio, presence across the financial services sector, and leadership in technology position us very well to leverage the growth opportunities across the economy.
Chanda Kochhar / Manager
Leadership
Technology
Distribution
Economy
Financial
Financial Services
Funding
Growth
Profile
Robust
Size
Very
Across
Base
Portfolio
Capital
Extensive
Large
Leverage
Network
Opportunities
Well
Presence
Sector
Services
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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.
Chanda Kochhar / Manager
Aggression
Appropriate
Caution
Lending
Rate
Retail
Uncertain
Substantial
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There are lots of India-related business which is nourished overseas. I mean India-related business that is done off-shore. There are lot of funds that are invested in India and run by Indians but are being operated from outside, mainly because of the taxation laws.
Chanda Kochhar / Manager
Taxation
Funds
Indians
Invested
Mainly
Nourished
Operated
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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.
Chanda Kochhar / Manager
Growth
Infrastructure
Next
Profitable
Transactions
Businesses
Set
Driver
Few
Lower
Overnight
Rural
Value
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As far as the banking industry is concerned - and I am sure it must be true for various industries as well - is that the only thing that is constant is change. Your business models are changing, the customer demands are changing and the regulations are changing constantly.
Chanda Kochhar / Manager
Banking
Constant
Models
Change Business Your
Be True
Customer
Industries
Regulations
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ICICI has been a meritocracy. So, a huge amount a lot of responsibilities, big roles, challenges, have been given to women, not because they are men or women or so on, but they were just given to people who have - who the organization believes has the capability to perform.
Chanda Kochhar / Manager
Capability
Men Women Challenges
Believes
Huge Amount
Women Men Challenges
Responsibilities
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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.
Chanda Kochhar / Manager
Distribution
Operations
Retail
Phase
Practices
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I always believe that, as you start out, while you should have a big dream - a big goal - but it's also important to move step by step. So, you know, frankly, if you ask me, when I started as a management trainee in 1984, I don't know that I really thought that I would become the CEO.
Chanda Kochhar / Manager
Dream
Believe
Ceo
Management
Moving
Frankly
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Two eyes are given for a reason. One eye to always look at the opportunity. The second eye to always keep looking at the challenges. Because if you don't balance both, it's very easy to get carried away one way or the other. And it's when you balance the two that you find the most sustainable model.
Chanda Kochhar / Manager
Carried
Sustainable
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As far as employees are concerned, clearly I like to communicate with them, since we are more than 40,000 people. I like to communicate either through e-mail or through video conferencing, which we do very often, and stream out videos and interviews. But more than that, I believe in traveling to my branches.
Chanda Kochhar / Manager
Branches
Communicate
Believe People I Believe
Believe I Believe People
Employees
Stream
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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.
Chanda Kochhar / Manager
Family
Credit
Cry
Two Way Street
Family Me Children
Family Me Street
Did
Cooperative
Entire
Street
Goes
Two-Way
Whine
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Chanda Kochhar Quotes - Page 3

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