--- title: "Meaning & Key Takeaway of: When commercial banking opened up for the…" description: "\"When commercial banking opened up for the private sector, I set up the retail-banking division for ICICI and grew it substantially. I then ran the inte..." image: "https://sms4smile.com/quotes/i/0ce/chanda-kochhar-2727_bank_when-commercial-banking-opened-up-for-th_1704753.png" --- # When commercial banking opened up for the private sector… ![“When commercial banking opened up for the private sector, I set up the retail-banking division for ICICI and grew it substantially. I then ran the international side of the ICICI Bank for a few years.” quote by Chanda Kochhar](https://sms4smile.com/quotes/i/0ce/chanda-kochhar-2727_bank_when-commercial-banking-opened-up-for-th_1704753.png) [Download](https://sms4smile.com/quotes/i/0ce/chanda-kochhar-2727_bank_when-commercial-banking-opened-up-for-th_1704753.png) [Open image](https://sms4smile.com/quotes/i/0ce/chanda-kochhar-2727_bank_when-commercial-banking-opened-up-for-th_1704753.png) > “When commercial banking opened up for the private sector, I set up the retail-banking division for ICICI and grew it substantially. I then ran the international side of the ICICI Bank for a few years.” [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. She describes pioneering retail banking and later international leadership at ICICI, highlighting growth and diversification. **In simple terms:** She built retail and international banking at ICICI. Key Takeaway Leverage expertise to expand new markets. Themes leadership banking growth strategy Mood determined strategic Type business leadership When to use this quote - launching new divisions - entering foreign markets - scaling operations - managing cross‑cultural teams Key Concepts market expansion financial services career development Questions to Reflect On - How did you navigate regulatory differences? - What skills were essential for scaling? A Different Perspective Challenges include regulatory hurdles and cultural adaptation. ★ ★ ★ ★ ★ No ratings yet [Bank](https://sms4smile.com/quotes/about/bank/) [Banking](https://sms4smile.com/quotes/about/banking/) [Commercial Banking](https://sms4smile.com/quotes/about/commercial-banking-338605/) [Division Icici](https://sms4smile.com/quotes/about/division-icici-1186511/) [Icici Bank](https://sms4smile.com/quotes/about/icici-bank-308684/) [Icici Grew](https://sms4smile.com/quotes/about/icici-grew-1186509/) [International](https://sms4smile.com/quotes/about/international/) [Retail Banking](https://sms4smile.com/quotes/about/retail-banking-1186510/) [Side](https://sms4smile.com/quotes/about/side/) [Up](https://sms4smile.com/quotes/about/up/) ## Related quotes > [Moving from corporate banking to retail banking to international banking to supervisory roles has meant completely reinventing myself.](https://sms4smile.com/quotes/chanda-kochhar/moving-from-corporate-banking-to-retail-banking-to-international/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [ICICI Bank was the first bank to recalibrate its ATMs for 2000 and then also for 500 rupee notes, and now we have some…](https://sms4smile.com/quotes/chanda-kochhar/icici-bank-was-the-first-bank-to-recalibrate-its-atms-for-2000-and/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [“Merrill Lynch, on the other hand, was a white-shoe firm with a proud history of elitism. Its investment bank was blue-blooded in temperament and…](https://sms4smile.com/quotes/kevin-roose/merrill-lynch-on-the-other-hand-was-a-white-shoe-firm-with-a-proud/) [Kevin Roose](https://sms4smile.com/quotes/author/kevin-roose/) > [Retail banking in Africa is very weak. You can't go to a village and get money from an ATM or visit a branch of…](https://sms4smile.com/quotes/mo-ibrahim/retail-banking-in-africa-is-very-weak-you-can-t-go-to-a-village-and/) [Mo Ibrahim](https://sms4smile.com/quotes/author/mo-ibrahim/) > [Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.](https://sms4smile.com/quotes/ben-bernanke/investment-banks-manage-to-go-bankrupt-through-their-investment/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [Managing and moving your money should be a right, not a privilege. This isn't about banking the unbanked. It's about re-imagining what consumer retail…](https://sms4smile.com/quotes/dan-schulman/managing-and-moving-your-money-should-be-a-right-not-a-privilege-this/) [Dan Schulman](https://sms4smile.com/quotes/author/dan-schulman/) > [As with so many sectors of the economy, technology is transforming the retail banking sector.](https://sms4smile.com/quotes/jerome-powell/as-with-so-many-sectors-of-the-economy-technology-is-transforming-the/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [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/) > [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/) > [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/) > [When I moved from corporate to consumer banking, I brought a lot of synergy with me.](https://sms4smile.com/quotes/chanda-kochhar/when-i-moved-from-corporate-to-consumer-banking-i-brought-a-lot-of/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [When I moved from consumer banking to international banking, I thought I brought a lot of insights from India we could implement globally.](https://sms4smile.com/quotes/chanda-kochhar/when-i-moved-from-consumer-banking-to-international-banking-i-thought/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) > [I am alive. Up here with the song of the engine and the air whispering on my face as the sunlight and shadows play…](https://sms4smile.com/quotes/stephen-coonts/i-am-alive-up-here-with-the-song-of-the-engine-and-the-air-whispering/) [Stephen Coonts](https://sms4smile.com/quotes/author/stephen-coonts/) > [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 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. 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/) > [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/) > [You can look at the West Bank. 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/) > [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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