Chanda Kochhar Thoughts

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

I think everybody wants GST.

Innovation is a necessity.

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

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

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

Nobody likes high interest rates.

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.

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.

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.