Ashish Garg
Managing Director & Senior Partner
New Delhi
Ashish Garg is a member of Boston Consulting Group’s Center for Digital Government, and a core member of the Financial Institutions and Public Sector practices. He leads BCG’s work in skilling, capital markets, and wealth management in India.
Ashish has deep experience in new operating models, channels, organization structure, people strategies, and operations. He has been involved in numerous long-tenure transformation programs, as well as having led and delivered on very large programs. Recently, he led a complex three-way bank post-merger integration to realize the overall vision of the merger. The success of the PMI led to further mergers in the sector. In addition, Ashish is supporting an in-depth reforms agenda program for all public sector banks, covering a variety of facets, including building new-age digital capabilities. In the past, Ashish has been associated with many marquee clients as they enable digital government. In addition to his Indian clients—private sector, public sector, and multi-national corporations— Ashish has served clients in Europe, the US, Hong Kong, and mainland China.
Ashish is experienced in skilling development and has been experimenting with many ideas including digital ecosystems, to solve complicated skilling issues through public-private partnerships. He currently serves on the Board of Governors of the Indian Institute of Management in Sambalpur.
The Asset Management industry in India has the potential to cross INR 100 trillion in AuM in the twenties. Reaching the INR 100 trillion vision during the mid-twenties can help the industry become the 11-13th largest asset management industry in the world from its current standing of 17th largest asset management industry.
Public sector banks are the mainstay of the Indian Banking industry. They have dominant market presence and play an important role in fueling investment needed for the country's economic development. In the post-financial crisis period, PSBs faced multiple challenges. The Government launched a comprehensive reforms strategy for the financial ecosystem and Public Sector Banks. The 'EASE Reforms for Public Sector Banks- CLEAN & SMART Banking for Aspiring India' is the 1st ever Annual Report on the EASE Reforms Index- measuring the performance of Public Sector Banks on PSB Reforms EASE Agenda. It highlights the achievements of the PSBs and the strong progress they have made across the 6 themes of Reform- Customer Responsiveness, Responsible Banking, Credit Off-Take, UdyamiMitra for MSMEs, Deepening FInancial inclusion & Digitalisation and Developing Personnel for Brand PSBs. The Report is also an encapsulation of the 'State of the Banking Industry' and highlights the important developments in the banking industry which are contributing to continuous growth and progress of PSBs in India.
The Indian Railways Station Redevelopment program is one of India’s largest infrastructure programs. The Indian Railways has over 8,000 stations on its network and the first 400 stations have been identified for analysis and further investigation. 23 stations out of these 400 stations are under tendering process.
Investment drives growth—but infrastructure owners face challenges that constrain transportation’s economic power. Building five capabilities can help overcome them.
The IT infrastructures of Asian banks have become too complex. Here are five steps these banks can take to simplify and improve their approach to IT.
The Financial Services Practice released this report along with The Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Bank's Association (IBA) titled From 5 Star to 7 Star in Productivity—Excellence in Banking with Customer and Employee Centricity.
The report was released in partnership with Federation of Indian Chambers of Commerce and Industries (FICCI) and Indian Banks’ Association (IBA), highlights ten major trends that will shape the Indian banking industry in the coming decade, identifies two critical challenges the industry faces and outlines key recommendations for the industry, stakeholders and the Government.