--- title: "Meaning & Key Takeaway of: Normally, we define banks as being either…" description: "\"Normally, we define banks as being either retail or corporate, but ICICI transformed itself from a corporate bank into a retail bank and, now, a univer..." image: "https://sms4smile.com/quotes/i/3e6/chanda-kochhar-2727_bank_normally-we-define-banks-as-being-either_2921039.png" --- # Normally, we define banks as being either retail or… ![“Normally, we define banks as being either retail or corporate, but ICICI transformed itself from a corporate bank into a retail bank and, now, a universal bank.” quote by Chanda Kochhar](https://sms4smile.com/quotes/i/3e6/chanda-kochhar-2727_bank_normally-we-define-banks-as-being-either_2921039.png) [Download](https://sms4smile.com/quotes/i/3e6/chanda-kochhar-2727_bank_normally-we-define-banks-as-being-either_2921039.png) [Open image](https://sms4smile.com/quotes/i/3e6/chanda-kochhar-2727_bank_normally-we-define-banks-as-being-either_2921039.png) > “Normally, we define banks as being either retail or corporate, but ICICI transformed itself from a corporate bank into a retail bank and, now, a universal bank.” [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. ICICI shifted from corporate banking to retail, then to a universal model, expanding services across sectors. **In simple terms:** ICICI changed from corporate to retail to universal banking. Key Takeaway Adapt business models to market demands. Themes banking strategy transformation Mood strategic analytical Type case study business When to use this quote - financial planning - corporate strategy - customer diversification - regulatory compliance Key Concepts universal banking market expansion Questions to Reflect On - What challenges arise when expanding services? - How to maintain quality across segments? A Different Perspective Transition may strain resources and require cultural change. ★ ★ ★ ★ ★ No ratings yet [Bank](https://sms4smile.com/quotes/about/bank/) [Bank Universal](https://sms4smile.com/quotes/about/bank-universal-4257083/) [Being](https://sms4smile.com/quotes/about/being/) [Corporate Icici](https://sms4smile.com/quotes/about/corporate-icici-4257084/) [Either](https://sms4smile.com/quotes/about/either/) [Icici Transformed](https://sms4smile.com/quotes/about/icici-transformed-4257080/) [Now](https://sms4smile.com/quotes/about/now/) [Retail Bank](https://sms4smile.com/quotes/about/retail-bank-4257081/) [Universal](https://sms4smile.com/quotes/about/universal/) [Universal Bank](https://sms4smile.com/quotes/about/universal-bank-4257082/) ## Related quotes > [I don't like the term "universal bank." The Chinese government legitimately wants to have a very strong economy. 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Cities are like prisons. They can be closed quickly by the Israeli forces, and everything stops in…](https://sms4smile.com/quotes/hassan-nasrallah/you-can-look-at-the-west-bank-cities-are-like-prisons-they-can-be/) [Hassan Nasrallah](https://sms4smile.com/quotes/author/hassan-nasrallah/) > [I earnestly feel terrible for any mistakes at the bank.](https://sms4smile.com/quotes/steve-mnuchin/i-earnestly-feel-terrible-for-any-mistakes-at-the-bank/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [My aim was to make money for the bank. You lose track of the amounts involved when you are engaged in this kind of…](https://sms4smile.com/quotes/jerome-kerviel/my-aim-was-to-make-money-for-the-bank-you-lose-track-of-the-amounts/) [Jerome Kerviel](https://sms4smile.com/quotes/author/jerome-kerviel/) > [It isn't what a man's got in the bank, but what he's got in his head, that makes him a great merchant.](https://sms4smile.com/quotes/george-horace-lorimer/it-isn-t-what-a-man-s-got-in-the-bank-but-what-he-s-got-in-his-head/) [George Horace Lorimer](https://sms4smile.com/quotes/author/george-horace-lorimer/) ## 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 Bank quotes > [It isn't what a man's got in the bank, but what he's got in his head, that makes him a great merchant.](https://sms4smile.com/quotes/george-horace-lorimer/it-isn-t-what-a-man-s-got-in-the-bank-but-what-he-s-got-in-his-head/) [George Horace Lorimer](https://sms4smile.com/quotes/author/george-horace-lorimer/) > [My aim was to make money for the bank. 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They can be closed quickly by the Israeli forces, and everything stops in…](https://sms4smile.com/quotes/hassan-nasrallah/you-can-look-at-the-west-bank-cities-are-like-prisons-they-can-be/) [Hassan Nasrallah](https://sms4smile.com/quotes/author/hassan-nasrallah/) > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) > [The situation in the West Bank and Gaza involves a military occupation amid urban guerrilla warfare, analogous to the British security measures in Northern…](https://sms4smile.com/quotes/jack-schwartz/the-situation-in-the-west-bank-and-gaza-involves-a-military/) [Jack Schwartz](https://sms4smile.com/quotes/author/jack-schwartz/) > [Remember, your bank will never call and ask you to hand over account numbers or say you must swap money from one account to…](https://sms4smile.com/quotes/angela-rippon/remember-your-bank-will-never-call-and-ask-you-to-hand-over-account/) [Angela Rippon](https://sms4smile.com/quotes/author/angela-rippon/) > [I couldn't be working in a bank and launch a clothing line. It's only because cinema gave me a lot of access that I…](https://sms4smile.com/quotes/vijay-deverakonda/i-couldn-t-be-working-in-a-bank-and-launch-a-clothing-line-it-s-only/) [Vijay Deverakonda](https://sms4smile.com/quotes/author/vijay-deverakonda/) > [If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about…](https://sms4smile.com/quotes/jeroen-dijsselbloem/if-there-is-a-risk-in-a-bank-our-first-question-should-be-okay-what/) [Jeroen Dijsselbloem](https://sms4smile.com/quotes/author/jeroen-dijsselbloem/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [True wealth is not measured by how much money you've got in the bank or how many toys you've got. 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