Chanda Kochhar

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. ”

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. ”

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. ”

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. ”

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

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. ”

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. ”

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. ”

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. ”

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. ”