Chanda Kochhar Quotes

Powerful Chanda Kochhar for Daily Growth

About Chanda Kochhar

Chanda Kochhar, born on November 17, 1961, in Jodhpur, India, is a prominent businesswoman known for her significant contributions to the banking industry. After completing her Bachelor's degree in Electrical Engineering from Jai Hind College in Mumbai, she started her career with ICICI Bank in 1984 as a management trainee. Throughout her tenure at ICICI Bank, Kochhar rose through the ranks, becoming the first woman to head the bank's retail banking business in 2003. In 2009, she was appointed as the CEO and Managing Director of the bank, making her one of the few women to lead a major Indian bank. During her leadership, Kochhar played a crucial role in transforming ICICI Bank into a global financial institution. She focused on digitalization, expanding the bank's presence overseas, and enhancing customer service. Under her guidance, ICICI Bank became one of India's largest private sector banks in terms of assets. Kochhar is known for her inspiring leadership style and commitment to corporate governance. In 2017, she was awarded the Padma Bhushan, one of India's highest civilian honors, for her services to the banking industry. In 2019, she stepped down as CEO due to allegations of irregularities in a loan given to the Videocon group, an issue that is currently under investigation. Despite this, her impact on Indian banking and business remains significant. Kochhar continues to serve as a role model for women in leadership positions, inspiring many with her determination, resilience, and strategic vision.

Interpretations of Popular Quotes

"Believe in yourself and take calculated risks."

This quote emphasizes the importance of self-confidence and strategic decision-making, particularly when facing challenges or opportunities that require action beyond one's comfort zone. Believing in oneself fosters the courage to pursue aspirations and embrace new experiences, while taking calculated risks involves evaluating potential outcomes and making informed decisions about whether to proceed. This dynamic duo of self-belief and strategic risk-taking is a powerful combination for achieving personal and professional growth.

"I don't believe in glass ceilings – they are social constructs."

Chanda Kochhar, former CEO of ICICI Bank, is expressing her disbelief in the concept of "glass ceilings," which are unseen barriers that limit women or minorities from advancing in their careers. She views these barriers as being socially constructed, meaning they have been created by societal norms and beliefs rather than practical or logical reasons. Kochhar is advocating for breaking down these artificial obstacles and promoting equal opportunities for all individuals regardless of gender or ethnicity.

"Success is not a destination, it's a journey."

This quote by Chanda Kochhar emphasizes that success is not a fixed point to be achieved but an ongoing process or journey. It suggests that the pursuit of success should be valued more than the attainment itself, implying that personal growth, learning, and experiences along the way are crucial aspects of what it means to be successful. This perspective encourages individuals to maintain a positive, persistent attitude towards their goals, focusing on progress rather than a final destination.

"The more you challenge yourself, the more empowered you feel."

This quote by Chanda Kochhar suggests that taking on challenges can lead to a feeling of empowerment. Essentially, it implies that pushing oneself beyond comfort zones fosters personal growth, self-efficacy, and confidence. When we confront and overcome obstacles, we develop a stronger sense of control over our lives and abilities, thereby enhancing our sense of empowerment.

"Never give up on your dreams and always strive for excellence."

Chanda Kochhar's quote underscores resilience and relentless pursuit of quality in realizing one's aspirations. It encourages individuals to never abandon their goals, instead pushing forward tenaciously as they aim for exceptional results. This message emphasizes the importance of perseverance, self-improvement, and the transformative power of dreams when combined with diligence and dedication to excellence.

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

Business, Worry, Models, Year Later

You have to handle the challenges and emerge stronger from them, rather than allow them to bog you down.

- Chanda Kochhar

Challenges, Rather, Allow, Handle

Thankfully I have an ecosystem of in-laws, parents and husband, who are my rocks.

- Chanda Kochhar

Husband, Rocks, Ecosystem, In-Laws

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

Love, Career, Been, In-Laws

To reap this demographic dividend, we need to enable the youth to acquire skills required to get the job or become self-employed.

- Chanda Kochhar

Youth, Need, Acquire, Dividend

What women need are not benefits and advantages but a merit-based selection process that will allow them to automatically benefit from various opportunities.

- Chanda Kochhar

Process, Benefits, Allow, Automatically

The growth that we are targeting for our bank is in line with the banking industry.

- Chanda Kochhar

Bank, Line, Targeting, Banking

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

Digital, Through, Which, Convert

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

Challenges, Always, Use, Convert

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

Other, Like, Principle, Funds

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

Run, India, Operated, Funds

Over the years, we have financed projects in core industrial sectors like steel, cement, aluminium and petrochemicals, and in manufacturing sectors like automobiles and textiles.

- Chanda Kochhar

Steel, Over, Sectors, Cement

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

Everybody, I Think, Entire, Cooperative

It is crucial to bridge the critical gap between manpower availability and employability by providing sustainable livelihood opportunities for all to grow and prosper.

- Chanda Kochhar

Grow, Prosper, Providing, Livelihood

Aim for the sky, but move slowly, enjoying every step along the way. It is all those little steps that make the journey complete.

- Chanda Kochhar

Sky, Aim, Move, Slowly

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.

- Chanda Kochhar

Think, Some, Sectors, Hub

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.

- Chanda Kochhar

Doing, New, Always, New Products

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

Making, Margin, Set, Global Market

We will leverage technology to collaborate with the government in its e-governance initiatives.

- Chanda Kochhar

Government, Will, Leverage, Collaborate

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

Leverage, Very, Capital, Extensive

I believe in fate, but I also believe that hard work and diligence plays a very important role in our lives.

- Chanda Kochhar

Fate, Very, Plays, Diligence

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

Equity, Some, Kinds, Converted

Successful strategic vision lay in the fact that we visualized the retail business to be much bigger, ahead of what others thought it to be.

- Chanda Kochhar

Business, Fact, Strategic, Visualized

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

Country, Other, Which, Arises

When we look at the credit growth, we should look at it in its totality. Let us not only look at the non-food bank credit growth but also look at the growth across all the instruments of financing.

- Chanda Kochhar

Look, Also, Across, Financing

We believe the new banks will complement the existing banking system, and there will be opportunities for players to identify mutually beneficial partnerships.

- Chanda Kochhar

New, Identify, Banks, Banking System

I have always said that a bank's lending rates do not only depend on rate cuts - it is just one signal.

- Chanda Kochhar

Depend, Lending, Always, Signal

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.

- Chanda Kochhar

Mind, New, Always, New Ideas

We need to take the country in the right direction, whether it is around administrative policy decisions or legislative changes or ensuring the macroeconomic stability.

- Chanda Kochhar

Changes, Country, Need, Legislative

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

Been, I Think, While, Legislative

The whole thing of moving the currency through currency sorting and detection machines and so on that was the whole process actually encouraging electronic transactions.

- Chanda Kochhar

Through, Encouraging, Transactions

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

Next, Rural, Before, Transactions

India did not innovate with the ATMs. But when we brought ATMs into India and made the machines talk in 15 regional languages to the people in rural India, we got millions of transactions on the ATM.

- Chanda Kochhar

Brought, Languages, Regional, Transactions

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

Strong, Needs, Funding, Sheets

Over the years, we have gone beyond our businesses to take up philanthropic projects in diverse areas - from education to health care to skilling.

- Chanda Kochhar

Education, Over, Projects, Philanthropic

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

Laws, Needs, Which, Proposed

It's about maintaining balance. Plan better, be organised. I chose to be a working wife and mother. Why should I compromise on either?

- Chanda Kochhar

Wife, About, Organised, Maintaining

Normally, we define banks as being either retail or corporate, but ICICI transformed itself from a corporate bank into a retail bank and, now, a universal bank.

- Chanda Kochhar

Retail, Being, Banks, Transformed

When I moved from corporate to consumer banking, I brought a lot of synergy with me.

- Chanda Kochhar

Synergy, Lot, Brought, Consumer

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

Think, Digital, I Think, Consumer

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

Very, About, Had, Consumer

When I moved from consumer banking to international banking, I thought I brought a lot of insights from India we could implement globally.

- Chanda Kochhar

Thought, Brought, Insights, Consumer

ICICI Group has always been a catalyst in India's growth and continues to support the country in every sphere.

- Chanda Kochhar

Country, Always, Been, Sphere

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

Capable, Your, Fulfill, Inhibition

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

Mobility, Social, Relates, Businesses

Getting small things like Visa or driving licence should be made easier as we, in financial service sectors, are dealing with financial regulations and tax constraints.

- Chanda Kochhar

Small, Licence, Sectors, Visa

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

Communicate, Through, Very, E-Mail

We have to always set an aspiration for ourselves and then strive to get there.

- Chanda Kochhar

Strive, Always, Set, Aspiration

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

Lending, Appropriate, Rates, Uncertain

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

Woman, I Remember, Projects, Reactions

When commercial banking opened up for the private sector, I set up the retail-banking division for ICICI and grew it substantially. I then ran the international side of the ICICI Bank for a few years.

- Chanda Kochhar

Commercial, Private, Side, Ran

Moving from corporate banking to retail banking to international banking to supervisory roles has meant completely reinventing myself.

- Chanda Kochhar

Meant, Reinventing, Roles, International

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

Constant, Concerned, Industries

An entrepreneur, whether man or woman, has to be willing to take help, whether financial or technical, to grow his or her business.

- Chanda Kochhar

Woman, Grow, Technical, Entrepreneur

The Indian banking industry has always been full of competition, and there is enough room for growth.

- Chanda Kochhar

Always, Been, Industry, Indian

I think India's growth itself will give opportunities for Indian banks to become substantially bigger.

- Chanda Kochhar

Think, Give, I Think, Indian

The issue of access to growth capital is common to all entrepreneurs. Any entrepreneur who can demonstrate a credible business model and plan would be able to access to capital.

- Chanda Kochhar

Access, Capital, Issue, Entrepreneur

Every entrepreneur, whether man or woman, should start with a robust business structure.

- Chanda Kochhar

Business, Woman, Robust, Entrepreneur

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

Father, Mentor, Achieve, Instilled

Lending has come back in retail; it has come back in working capital. It has also come back in other forms, like government contract being given out to companies.

- Chanda Kochhar

Other, Capital, Given, Forms

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

Away, Been, Young Girl, Changed

The real underlying value comes if you can put a company back into a running state and it becomes a successful viable entity if it continues to repay loans.

- Chanda Kochhar

Back, Repay, Loans, Viable

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.

- Chanda Kochhar

Cards, Banks, Payments, Payment

There were so many occasions when I wasn't around for my kids or my husband. But we learnt to work around it.

- Chanda Kochhar

Work, Husband, Many, Learnt

Remember to be sensitive to the feelings of people around you.

- Chanda Kochhar

Remember, People, Sensitive, Feelings

I thought work and family complete life. Aarti's enthusiasm and energy levels made me realise that life can be even more wholesome and fuller.

- Chanda Kochhar

Work, Thought, Wholesome, Levels

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

Process, Execution, Leverage, Levels

Power projects are differently placed to road projects. There's difference stress across different companies across different groups based on their leverage levels.

- Chanda Kochhar

Stress, Leverage, Based, Levels

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

Practice, Prevailing, Which, Accounting

Punjab is central to our business strategy, and we are an active partner in the state's growth.

- Chanda Kochhar

Business, Partner, Central, Strategy

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.

- Chanda Kochhar

Focus, Numbers, Been, Strategy

My belief is India's banking industry will continue to grow at two and a half times the GDP growth rate.

- Chanda Kochhar

Grow, Will, Half, Growth Rate

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

Retail, Very, Our, Distribution

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

Real, Losses, Underlying, Monitor

What my parents believed was that, you know, the best wealth they could give to us children was to educate us and, you know - give us that foundation.

- Chanda Kochhar

Wealth, Give, Could, Educate

Our parents treated all three of us - two sisters and a brother - equally. When it came to education, or our future plans, there was no discrimination between us based on our gender.

- Chanda Kochhar

Education, Treated, Based, Discrimination

Whenever there is a challenge, the key is not to get consumed by the challenge but actually to learn from it.

- Chanda Kochhar

Consumed, Actually, Whenever, Key

A demography that is digitising rapidly, and the potential to invest in infrastructure, are the key strengths of India.

- Chanda Kochhar

Strengths, Infrastructure, Key

Adaptability is a great asset to have because life is so unpredictable, and things can change overnight for any of us.

- Chanda Kochhar

Unpredictable, Overnight, Adaptability

We are monitoring the global companies on a daily basis, and their rating continues to be investment grade. We will take immediate action if anything goes wrong.

- Chanda Kochhar

Will, Goes, Daily Basis, Monitoring

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

Big, Country, Through, Cash

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

More, Participation, Joining, Exams

What is important for a leader is that you walk in a stable manner in your own shoes and do not trip.

- Chanda Kochhar

Leader, Important, Trip, Stable

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

Doing, Think, Been, Customers

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.

- Chanda Kochhar

Business, Cards, Some, Customers

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.

- Chanda Kochhar

Mail, Concerned, Investors, Customers

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.

- Chanda Kochhar

Insurance, Always, Over, Long Term

If there is a course that is quant-oriented, you need to focus on that, but if it is a course that is more general management-oriented, do you not need entrance examinations which are more all round?

- Chanda Kochhar

More, Need, Which, Entrance

The consolidation that we started in 2009 was clearly the requirement of that time.

- Chanda Kochhar

Time, Clearly, Started, Consolidation

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

Need, Enabling, Bankers, Decisions

The increase in coal production and the efficiency in coal movement are all administrative things that can add a lot to the economic growth.

- Chanda Kochhar

Efficiency, Production, Add, Increase

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

Forward, Going, Concerned, As Far As

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.

- Chanda Kochhar

Always, Been, Very, Assets

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

Challenges, Big, Been, Capability

When people come and invest in India, they invest on a certain premise, and the fact that the very premise can change worries them a lot.

- Chanda Kochhar

Fact, Invest, Very, Premise

We have to understand that India is a complex country. Everything takes time for the real impact to get translated to the economy.

- Chanda Kochhar

Impact, Country, Complex, Translated

I chose to be a working wife and mother. Why should I compromise on either?

- Chanda Kochhar

Mother, Wife, Either, Chose

Mark-to-market losses are not real loss. It's a notional loss.

- Chanda Kochhar

Loss, Real, Losses

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

Career, Give, Same Time, Requires

- Chanda Kochhar

Career, Give, Yes, Requires

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

I Think, Rather, Disrupted, Entities

Rising incomes and positive demographics will provide opportunities for retail financial services in India.

- Chanda Kochhar

Rising, Provide, Incomes, Retail

I think competition is good. It finally delivers the best value to the customer, and I think it keeps all the players on their toes.

- Chanda Kochhar

Think, Players, I Think, Customer

We have no exposure in Europe and not made any finances to the companies there. So the question of Greek debt crisis impacting the bank does not arise.

- Chanda Kochhar

Question, Crisis, Greek, Europe

Don't cut corners or compromise to achieve your dreams.

- Chanda Kochhar

Achieve, Cut, Corners, Compromise

Practise and practise to make your dreams turn into reality.

- Chanda Kochhar

Dreams, Reality, Your, Practise

We have a vision of a strong and prosperous India and an equally strong belief that this vision is achievable.

- Chanda Kochhar

Strong, Vision, Equally, Prosperous

I believe that India's long-term growth story is strong, and foreign investors are keen to be a part of it.

- Chanda Kochhar

Strong, Part, I Believe That, Long-Term

All three of us - two sisters and a brother - were brought up with an emphasis on academics.

- Chanda Kochhar

Academics, Brought, Were, Emphasis

It's very important to have the comfort of the regulator in every geography where you operate.

- Chanda Kochhar

Important, Geography, Very, Operate

Only if you aspire for more will you achieve more.

- Chanda Kochhar

Will, More, Achieve, Aspire

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

New, Country, Very, Unknown

If you take existing ideas and make them affordable and scalable, you substantially change business models. India lacks an education system that is research- and creativity-oriented.

- Chanda Kochhar

Business, Affordable, Models, Lacks

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.

- Chanda Kochhar

Product, Always, Been, Banking

I have it all because my children did not whine and cry when I was not there.

- Chanda Kochhar

Children, Cry, Because, Whine

Clearly, for an organization to move on, it is the job of the leader to be that sponge that takes the stress from inside and the outside.

- Chanda Kochhar

Stress, Leader, Sponge, Move On

What's important is that we see each year what the opportunities are, and make use of the opportunity.

- Chanda Kochhar

Important, Year, See, Opportunities

A leader has to find opportunities in any environment.

- Chanda Kochhar

Leader, Environment, Find, Opportunities

All my challenges have become opportunities.

- Chanda Kochhar

Challenges, Become, Opportunities

Life comprises of both: opportunities as well as challenges.

- Chanda Kochhar

Life, Challenges, Well, Opportunities

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

Product, Other, Brought, Domain

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

Doing, Own, I Think, Model

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

Reason, Other, Very, Model

Nobody likes high interest rates.

- Chanda Kochhar

High, Interest Rates, Rates, Likes

No one thing can change the face of any sector.

- Chanda Kochhar

Change, Face, One Thing, Sector

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

Mind, Give, Other, Ready

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

Believe, Thought, Big, Step

The important source of finance is now commercial papers, bonds, and so on.

- Chanda Kochhar

Important, Now, Commercial, Bonds

We actually probably do nothing very special for women. But what we do in a very special manner is to remain an absolute gender-neutral, merit-based organization.

- Chanda Kochhar

Special, Very, Actually, Organization

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.

- Chanda Kochhar

Innovation, Country, Give, Necessity

Innovation is a necessity.

- Chanda Kochhar

Innovation, Necessity

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

Play, Role, Very, Balanced

I think it's important to celebrate your successes. It's important to feel happy about them, but it's equally important to look forward to the next big move.

- Chanda Kochhar

Think, Big, Next, Successes

In India, we have the opportunity to give innovation the kind of scale that no other country in the world can.

- Chanda Kochhar

Innovation, Country, Give, India

I had to work just as hard as my male colleagues.

- Chanda Kochhar

Work, Colleagues, Had, Male

Business models that are relevant today are not relevant tomorrow and were not in existence yesterday.

- Chanda Kochhar

Business, Yesterday, Models, Relevant

Make sure you have that conviction to do what you know is right, and once you have it, don't let skeptics distract you from your path.

- Chanda Kochhar

Right, Sure, Your, Conviction

You can maintain work-life balance even while pursuing careers.

- Chanda Kochhar

Balance, Pursuing, Even, Careers

If you take existing ideas and make them affordable and scalable, you substantially change business models.

- Chanda Kochhar

Change, Business, Affordable, Models

She worked hard till she saw all of us through college and we became independent. I never knew that my mother had such a wealth of self-assurance and belief within her.

- Chanda Kochhar

Wealth, College, Through, Till

ICICI Bank was the first bank to recalibrate its ATMs for 2000 and then also for 500 rupee notes, and now we have some ATMs which give out 2000, 500, 100 - all of them.

- Chanda Kochhar

Give, Some, Which, Notes

Payments banks can also act as business correspondents of other banks.

- Chanda Kochhar

Business, Other, Act, Payments

I take all the stress on myself so everyone else can work without stress.

- Chanda Kochhar

Stress, Everyone, Take, Everyone Else

It is always impossible to expect things getting done in 90 days.

- Chanda Kochhar

Impossible, Always, Getting, Expect

In a larger sense, we all write our own destiny.

- Chanda Kochhar

Destiny, Own, Sense, Larger

I was good with numbers.

- Chanda Kochhar

Good, Numbers

Take destiny in your own hands.

- Chanda Kochhar

Destiny, Own, Take, Hands

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