“Mark-to-market losses are not real loss. It's a notional loss.” — Chanda Kochhar Quote

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

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

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.

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

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.

When you lose something in your life, stop thinking it's a loss for you... it is a gift you have been given so you can get on the right path to where you are meant to go, not to where you think you should have gone.

I never think about losing. That's why it's so hard to accept a loss.

The loss of a child is my greatest nightmare.

You can't operate a business running at a loss, and particularly if you're doing it by paying yourselves. It just doesn't fly.

Every fight and every loss taught me something.