--- title: "Meaning & Key Takeaway of: As far as the banking industry is…" description: "\"As far as the banking industry is concerned - and I am sure it must be true for various industries as well - is that the only thing that is constant is..." image: "https://sms4smile.com/quotes/i/016/chanda-kochhar-2727_business_as-far-as-the-banking-industry-is-concer_2020338.png" --- # As far as the banking industry is concerned - and I am… ![“As far as the banking industry is concerned - and I am sure it must be true for various industries as well - is that the only thing that is constant is change. Your business models are changing, the customer demands are changing and the regulations are changing constantly.” quote by Chanda Kochhar](https://sms4smile.com/quotes/i/016/chanda-kochhar-2727_business_as-far-as-the-banking-industry-is-concer_2020338.png) [Download](https://sms4smile.com/quotes/i/016/chanda-kochhar-2727_business_as-far-as-the-banking-industry-is-concer_2020338.png) [Open image](https://sms4smile.com/quotes/i/016/chanda-kochhar-2727_business_as-far-as-the-banking-industry-is-concer_2020338.png) > “As far as the banking industry is concerned - and I am sure it must be true for various industries as well - is that the only thing that is constant is change. Your business models are changing, the customer demands are changing and the regulations are changing constantly.” [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Change is the only constant in business, affecting models, customer demands, and regulations. **In simple terms:** Change is constant in business. Key Takeaway Adapt continuously. Themes change business regulation customer behavior industry dynamics Mood cautious forward‑looking realistic Type advisory strategic When to use this quote - strategic planning - product development - compliance - customer experience - organizational culture Key Concepts strategic agility risk management innovation leadership continuous improvement Questions to Reflect On - How can firms build resilience against constant change? - What processes ensure timely adaptation? A Different Perspective Rapid change can outpace an organization’s ability to adapt, leading to disruption. ★ ★ ★ ★ ★ No ratings yet [Banking Industry](https://sms4smile.com/quotes/about/banking-industry/) [Business](https://sms4smile.com/quotes/about/business/) [Change](https://sms4smile.com/quotes/about/change/) ## Related quotes > [The growth that we are targeting for our bank is in line with the banking industry.](https://sms4smile.com/quotes/chanda-kochhar/the-growth-that-we-are-targeting-for-our-bank-is-in-line-with-the/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [My belief is India's banking industry will continue to grow at two and a half times the GDP growth rate.](https://sms4smile.com/quotes/chanda-kochhar/my-belief-is-india-s-banking-industry-will-continue-to-grow-at-two/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [The Indian banking industry has always been full of competition, and there is enough room for growth.](https://sms4smile.com/quotes/chanda-kochhar/the-indian-banking-industry-has-always-been-full-of-competition-and/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [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…](https://sms4smile.com/quotes/chanda-kochhar/it-s-not-that-the-regulator-doesn-t-want-the-banking-industry-to-grow/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [Technology for technology's sake is not innovation. What we in the industry have to be concerned about is what products do, as opposed to…](https://sms4smile.com/quotes/ted-waitt/technology-for-technology-s-sake-is-not-innovation-what-we-in-the/) [Ted Waitt](https://sms4smile.com/quotes/author/ted-waitt/) > [I don't know how it is in other industries, but as far as our industry is concerned, everybody takes their energy from the director.…](https://sms4smile.com/quotes/s-s-rajamouli/i-don-t-know-how-it-is-in-other-industries-but-as-far-as-our-industry/) [S. S. Rajamouli](https://sms4smile.com/quotes/author/s-s-rajamouli/) > [The big-ego temper tantrums of Wall Street's titans must be a concern for everyone on Wall Street. 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Any entrepreneur who can demonstrate a credible business model and plan would…](https://sms4smile.com/quotes/chanda-kochhar/the-issue-of-access-to-growth-capital-is-common-to-all-entrepreneurs/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [Any of our businesses will not exist in the form that is today, will not exist in the same form one year later, two…](https://sms4smile.com/quotes/chanda-kochhar/any-of-our-businesses-will-not-exist-in-the-form-that-is-today-will/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [Every business has to re-think their own business model and say does it meet this DSM test and do their products and services meet…](https://sms4smile.com/quotes/chanda-kochhar/every-business-has-to-re-think-their-own-business-model-and-say-does/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [Business models that are relevant today are not relevant tomorrow and were not in existence yesterday.](https://sms4smile.com/quotes/chanda-kochhar/business-models-that-are-relevant-today-are-not-relevant-tomorrow-and/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [If you take existing ideas and make them affordable and scalable, you substantially change business models. India lacks an education system that is research-…](https://sms4smile.com/quotes/chanda-kochhar/if-you-take-existing-ideas-and-make-them-affordable-and-scalable-you-2/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [If you take existing ideas and make them affordable and scalable, you substantially change business models.](https://sms4smile.com/quotes/chanda-kochhar/if-you-take-existing-ideas-and-make-them-affordable-and-scalable-you/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) ## More by Chanda Kochhar > [Two eyes are given for a reason. One eye to always look at the opportunity. 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Why should I compromise on either?](https://sms4smile.com/quotes/chanda-kochhar/i-chose-to-be-a-working-wife-and-mother-why-should-i-compromise-on/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [Resolution can be in any form - S4A, SDR or restructuring - but we need an enabling environment where bankers feel comfortable to take…](https://sms4smile.com/quotes/chanda-kochhar/resolution-can-be-in-any-form-s4a-sdr-or-restructuring-but-we-need-an/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [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…](https://sms4smile.com/quotes/chanda-kochhar/i-believe-indian-banks-have-a-strong-funding-profile-with-largely/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [Remember to be sensitive to the feelings of people around you.](https://sms4smile.com/quotes/chanda-kochhar/remember-to-be-sensitive-to-the-feelings-of-people-around-you/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [It is always impossible to expect things getting done in 90 days.](https://sms4smile.com/quotes/chanda-kochhar/it-is-always-impossible-to-expect-things-getting-done-in-90-days/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [We have always said that over the medium and long term, we will disinvest some part of our holding in our major subsidiary companies,…](https://sms4smile.com/quotes/chanda-kochhar/we-have-always-said-that-over-the-medium-and-long-term-we-will/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [It is important always to make full use of opportunities that come your way, and at the same time, it is important to not…](https://sms4smile.com/quotes/chanda-kochhar/it-is-important-always-to-make-full-use-of-opportunities-that-come/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [I believe in fate, but I also believe that hard work and diligence plays a very important role in our lives.](https://sms4smile.com/quotes/chanda-kochhar/i-believe-in-fate-but-i-also-believe-that-hard-work-and-diligence/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [Over the years, we have gone beyond our businesses to take up philanthropic projects in diverse areas - from education to health care to…](https://sms4smile.com/quotes/chanda-kochhar/over-the-years-we-have-gone-beyond-our-businesses-to-take-up/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [Power projects are differently placed to road projects. There's difference stress across different companies across different groups based on their leverage levels.](https://sms4smile.com/quotes/chanda-kochhar/power-projects-are-differently-placed-to-road-projects-there-s/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [I remember the reactions I got when we first visited factories to inspect the projects that we were funding. It was not easy for…](https://sms4smile.com/quotes/chanda-kochhar/i-remember-the-reactions-i-got-when-we-first-visited-factories-to/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [Innovation is a necessity.](https://sms4smile.com/quotes/chanda-kochhar/innovation-is-a-necessity/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [India's growth drivers are actually two growth drivers. One is consumption, which arises out of our demographic advantage. And the other is the investments.…](https://sms4smile.com/quotes/chanda-kochhar/india-s-growth-drivers-are-actually-two-growth-drivers-one-is/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) [Explore all 152 Chanda Kochhar quotes ](https://sms4smile.com/quotes/author/chanda-kochhar/) ## More Business quotes > [Companies with cultures that celebrate diverse opinions and encourage the exchange of ideas have an advantage when solving difficult problems. 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