--- title: "Meaning & Key Takeaway of: We believe the new banks will complement…" description: "\"We believe the new banks will complement the existing banking system, and there will be opportunities for players to identify mutually beneficial partn..." image: "https://sms4smile.com/quotes/i/806/chanda-kochhar-2727_banking-system_we-believe-the-new-banks-will-complement_2805185.png" --- # We believe the new banks will complement the existing… ![“We believe the new banks will complement the existing banking system, and there will be opportunities for players to identify mutually beneficial partnerships.” quote by Chanda Kochhar](https://sms4smile.com/quotes/i/806/chanda-kochhar-2727_banking-system_we-believe-the-new-banks-will-complement_2805185.png) [Download](https://sms4smile.com/quotes/i/806/chanda-kochhar-2727_banking-system_we-believe-the-new-banks-will-complement_2805185.png) [Open image](https://sms4smile.com/quotes/i/806/chanda-kochhar-2727_banking-system_we-believe-the-new-banks-will-complement_2805185.png) > “We believe the new banks will complement the existing banking system, and there will be opportunities for players to identify mutually beneficial partnerships.” [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. New banks will complement existing ones, creating partnership opportunities. **In simple terms:** Emerging banks can work with incumbents for mutual benefit. Key Takeaway Explore collaborative ventures in finance. Themes banking partnerships innovation Mood optimistic analytical Type business informative When to use this quote - fintech collaborations - joint ventures - market expansion - regulatory compliance Key Concepts economics strategy technology Questions to Reflect On - How can new banks add value? - What risks exist in partnerships? A Different Perspective Integration challenges may arise. ★ ★ ★ ★ ★ No ratings yet [Banking Opportunities](https://sms4smile.com/quotes/about/banking-opportunities-3479069/) [Banking system](https://sms4smile.com/quotes/about/banking-system/) [Banks Complement](https://sms4smile.com/quotes/about/banks-complement-3479067/) [Believe](https://sms4smile.com/quotes/about/believe/) [Beneficial Partnerships](https://sms4smile.com/quotes/about/beneficial-partnerships-3479070/) [Existing Banking](https://sms4smile.com/quotes/about/existing-banking-3479071/) [New](https://sms4smile.com/quotes/about/new/) [New Banks](https://sms4smile.com/quotes/about/new-banks-3479068/) [Partnerships](https://sms4smile.com/quotes/about/partnerships/) [System](https://sms4smile.com/quotes/about/system/) [Will](https://sms4smile.com/quotes/about/will/) ## Related quotes > [The Financial Services Racial Equity, Inclusion, Economic Justice Act includes my bipartisan bill, the Promoting New and Diverse Depository Institutions Act... 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So, for… ](https://sms4smile.com/quotes/costa-gavras/this-crisis-started-probably-due-to-the-freedom-they-gave-to-the/) [Costa-Gavras](https://sms4smile.com/quotes/author/costa-gavras/) > [“Pick a leader who will keep jobs in your country by offering companies incentives to hire only within their borders, not one who allows…](https://sms4smile.com/quotes/suzy-kassem/pick-a-leader-who-will-keep-jobs-in-your-country-by-offering/) [Suzy Kassem](https://sms4smile.com/quotes/author/suzy-kassem/) > [I confidently predict the collapse of capitalism and the beginning of history. 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So they are…](https://sms4smile.com/quotes/maurice-levy/in-africa-it-s-difficult-to-carry-the-money-it-s-difficult-to-have-a/) [Maurice Levy](https://sms4smile.com/quotes/author/maurice-levy/) > [Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It's worked with…](https://sms4smile.com/quotes/george-friedman/italy-spills-over-to-everything-italy-is-a-huge-banking-system-it-has/) [George Friedman](https://sms4smile.com/quotes/author/george-friedman/) > [Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…](https://sms4smile.com/quotes/gavin-andresen/until-part-of-your-paycheck-is-regularly-paid-in-bitcoin-i-m-not-sure/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [A banking system is an act of faith: it survives only for as long as people believe it will.](https://sms4smile.com/quotes/michael-lewis/a-banking-system-is-an-act-of-faith-it-survives-only-for-as-long-as/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.](https://sms4smile.com/quotes/kenneth-fisher/if-you-ve-taken-econ-101-you-know-that-the-quantity-of-money-rises/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…](https://sms4smile.com/quotes/john-adams/historically-usury-was-defined-as-any-interest-whatever-on-an/) [John Adams](https://sms4smile.com/quotes/author/john-adams/) > [If I could wave a magic wand, I'd break up the banking system.](https://sms4smile.com/quotes/kenneth-c-griffin/if-i-could-wave-a-magic-wand-i-d-break-up-the-banking-system/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) ## More by Chanda Kochhar > [Two eyes are given for a reason. One eye to always look at the opportunity. The second eye to always keep looking at the…](https://sms4smile.com/quotes/chanda-kochhar/two-eyes-are-given-for-a-reason-one-eye-to-always-look-at-the/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [What women need are not benefits and advantages but a merit-based selection process that will allow them to automatically benefit from various opportunities.](https://sms4smile.com/quotes/chanda-kochhar/what-women-need-are-not-benefits-and-advantages-but-a-merit-based/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [I chose to be a working wife and mother. 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 Banking system quotes > [If I could wave a magic wand, I'd break up the banking system.](https://sms4smile.com/quotes/kenneth-c-griffin/if-i-could-wave-a-magic-wand-i-d-break-up-the-banking-system/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…](https://sms4smile.com/quotes/john-adams/historically-usury-was-defined-as-any-interest-whatever-on-an/) [John Adams](https://sms4smile.com/quotes/author/john-adams/) > [If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.](https://sms4smile.com/quotes/kenneth-fisher/if-you-ve-taken-econ-101-you-know-that-the-quantity-of-money-rises/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [A banking system is an act of faith: it survives only for as long as people believe it will.](https://sms4smile.com/quotes/michael-lewis/a-banking-system-is-an-act-of-faith-it-survives-only-for-as-long-as/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…](https://sms4smile.com/quotes/gavin-andresen/until-part-of-your-paycheck-is-regularly-paid-in-bitcoin-i-m-not-sure/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It's worked with…](https://sms4smile.com/quotes/george-friedman/italy-spills-over-to-everything-italy-is-a-huge-banking-system-it-has/) [George Friedman](https://sms4smile.com/quotes/author/george-friedman/) > [In Africa it's difficult to carry the money, it's difficult to have a banking system with tellers, with distribution of cash. So they are…](https://sms4smile.com/quotes/maurice-levy/in-africa-it-s-difficult-to-carry-the-money-it-s-difficult-to-have-a/) [Maurice Levy](https://sms4smile.com/quotes/author/maurice-levy/) > [ Is this complicated, risky \[banking\] system the best we can have? ](https://sms4smile.com/quotes/anat-r-admati/is-this-complicated-risky-banking-system-the-best-we-can-have/) [Anat R. Admati](https://sms4smile.com/quotes/author/anat-r-admati/) > [The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities,…](https://sms4smile.com/quotes/hilaire-belloc/the-smaller-man-approaching-our-modern-banking-system-which-controls/) [Hilaire Belloc](https://sms4smile.com/quotes/author/hilaire-belloc/) > [I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money,…](https://sms4smile.com/quotes/margaret-drabble/i-confidently-predict-the-collapse-of-capitalism-and-the-beginning-of/) [Margaret Drabble](https://sms4smile.com/quotes/author/margaret-drabble/) > [“Pick a leader who will keep jobs in your country by offering companies incentives to hire only within their borders, not one who allows…](https://sms4smile.com/quotes/suzy-kassem/pick-a-leader-who-will-keep-jobs-in-your-country-by-offering/) [Suzy Kassem](https://sms4smile.com/quotes/author/suzy-kassem/) > [ This crisis started probably due to the freedom they gave to the banks. First President \[Ronald\] Reagan and then President \[Bill\] Clinton. So, for… ](https://sms4smile.com/quotes/costa-gavras/this-crisis-started-probably-due-to-the-freedom-they-gave-to-the/) [Costa-Gavras](https://sms4smile.com/quotes/author/costa-gavras/) > [I lost my club through a series of circumstances and bad luck. The whole banking system collapsing and my foolish bravery didn't help.](https://sms4smile.com/quotes/simon-jordan/i-lost-my-club-through-a-series-of-circumstances-and-bad-luck-the/) [Simon Jordan](https://sms4smile.com/quotes/author/simon-jordan/) > [The peculiar essence of our banking system is an unprecedented trust between man and man. And when that trust is much weakened by hidden…](https://sms4smile.com/quotes/walter-bagehot/the-peculiar-essence-of-our-banking-system-is-an-unprecedented-trust/) [Walter Bagehot](https://sms4smile.com/quotes/author/walter-bagehot/) [Browse all 115 Banking system quotes ](https://sms4smile.com/quotes/about/banking-system/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "We believe the new banks will complement the existing banking system, and there will be opportunities for players to identify mutually beneficial partnerships.", "creator": { "@type": "Person", "name": "Chanda Kochhar" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/chanda-kochhar/we-believe-the-new-banks-will-complement-the-existing-banking-system/", "about": { "@type": "Thing", "name": "Banking system" }, "@id": "https://sms4smile.com/quotes/chanda-kochhar/we-believe-the-new-banks-will-complement-the-existing-banking-system/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/806/chanda-kochhar-2727_banking-system_we-believe-the-new-banks-will-complement_2805185.png", "contentUrl": "https://sms4smile.com/quotes/i/806/chanda-kochhar-2727_banking-system_we-believe-the-new-banks-will-complement_2805185.png", "url": "https://sms4smile.com/quotes/i/806/chanda-kochhar-2727_banking-system_we-believe-the-new-banks-will-complement_2805185.png", "width": 1080, "height": 1080, "caption": "“We believe the new banks will complement the existing banking system, and there will be opportunities for…” — Chanda Kochhar", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Chanda Kochhar", "item": "https://sms4smile.com/quotes/author/chanda-kochhar/" }, { "@type": "ListItem", "position": 4, "name": "We believe the new banks will...", "item": "https://sms4smile.com/quotes/chanda-kochhar/we-believe-the-new-banks-will-complement-the-existing-banking-system/" } ], "@id": "https://sms4smile.com/quotes/chanda-kochhar/we-believe-the-new-banks-will-complement-the-existing-banking-system/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```