- Important
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- Nov 07, 2020
Chanda Kochhar Quotes
Most Famous Chanda Kochhar Quotes of All Time!
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- Last Updated on May 30, 2021
- Business
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- Nov 07, 2020
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.
- Quality
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- Nov 07, 2020
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.
- Car
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- Nov 07, 2020
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.
- Growth
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- Nov 07, 2020
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.
- Need
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- Nov 07, 2020
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.
- Follow
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- Nov 07, 2020
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.
- Quality
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- Nov 07, 2020
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?
- Daily
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- Nov 07, 2020
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.
- Life
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- Nov 07, 2020
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.
- Look
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- Nov 07, 2020
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.
- Consolidation
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- Nov 07, 2020
The consolidation that we started in 2009 was clearly the requirement of that time.
- Grow
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- Nov 07, 2020
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.
- Banking
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- Nov 07, 2020
The growth that we are targeting for our bank is in line with the banking industry.
- Doing
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- Nov 07, 2020
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.
- Efficiencies
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- Nov 07, 2020
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.
- Forward
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- Nov 07, 2020