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 Read Quote
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 Read Quote
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 Read Quote
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 Read Quote
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 Read Quote
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 Read Quote
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 Read Quote
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 Read Quote
