Chanda Kochhar Quotes

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.

Regulation is necessary, particularly in a sector, like the banking sector, which exposes countries and people to a risk.

If there wasn't any business and it was just strictly basketball, then there would be no issue, it would probably be done by now. But the team has to protect.

The idea that somebody is going to come in and make your debt go away and all be well for the future is really a fantasy.

The way you continue to be a successful business is you don't wait for the car to go off the cliff. You have to manage yourself. And make sure you do it in the right way so you are not making decisions in crisis.

I got told so many times I needed a manager. For a long time I resisted, and I finally got one so I can pay my mortgage, and it helped me from becoming a homeless person.

The day I'm able to be debt-free is the day I'm going to be the happiest guy around.

What Africa needs to do is to grow, to grow out of debt.

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.

I can tell you that when you're counting every penny, knowing that you are a single bad decision away from bankruptcy, you inevitably lose focus on what really matters for your business.

Leverage is great when it works, and when it doesn't work, it creates a lot of issues. So I think if you limit the amount of leverage that people can borrow, or that banks can borrow, I think you'll find that you'll have a lot less issues going forward.

We need to keep investing in economic and homeland security. We need to bank on the right kind of economic development. We need to embrace opportunities, but with the right kind of safeguards.

Today, certain people file for bankruptcy, businesses and individuals, and it no longer has the stigma it once had. Now it's almost considered wise, a way to regroup and come back again.

You can't be in debt and win. It doesn't work.

If you have a debt issue or credit card issue, start dealing with it. If you have a tax issue, don't just say, 'I'm not going to file.' There are ways to deal with these things, but you must communicate with your creditors, whether it's a credit card company or tax department.

You cannot establish sound security on borrowed money.

Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon.

Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.

I call on the Australian Government to set out the conditions upon which they will provide a taxpayer funded backing for wholesale term funding for Australian deposit taking institutions. I call on the Government it make clear the conditions upon which taxpayer funds will be used in this way.

Fannie Mae may have conformed to the rules but the rules didn’t conform to reality. A major bank or financial institution could meet every single regulatory requirement yet still be at the risk of collapse.

Don't react with fear and panic in the face of debt collector threats. Talk to them and explain your situation. See if you can work out a compromise.

Actions aimed at supporting deleveraging and balance-sheet repair - such as recognizing losses, writing down assets, and recapitalizing banks - carry longer-term benefits but short-term costs.

The real underlying value comes if you can put a company back into a running state and it becomes a successful viable entity if it continues to repay loans.

Despite PAL's troubles in the late 1990s, we were fortunate to have steered the company to clearer skies.

We need to have a goal of becoming debt-free as soon as possible.