Ruchin Goyal

Ruchin Goyal is a member of The Boston Consulting Group’s Financial Institutions, Insurance, People & Organization, and Operations practices.

Since joining BCG in 2004, Ruchin has worked extensively with clients in financial services, including banks, financial services companies outside of banking, asset management companies, and insurance companies. His experience has covered topics such as large-scale transformations, growth strategy, operational improvement, and organizational effectiveness.

Ruchin has worked in BCG's New Delhi, San Francisco and Mumbai offices.

Prior to joining BCG, Ruchin worked for three years at A.T. Kearney and for two years with Intergraph India Limited.

AREAS OF EXPERTISE

EDUCATION

MBA, Indian Institute of Management, Calcutta
Bachelor’s degree, mechanical engineering, Indian Institute of Technology, Madras

Publications and Videos

Digital Payments in India: A US$10 Trillion Opportunity

BCG, in association with PhonePe, has released a report providing a detailed outlook on the factors accelerating the growth of digital payments in India. The report highlights critical imperatives and drivers leading to a US$10 trillion digital payments economy in the next 5 years.

India FinTech: A USD 100 Billion Opportunity

The report published in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI) outlines the potential of India’s FinTech industry to reach an estimated valuation of USD 150-160 Bn over the next 5 years – creating an incremental value of USD 100 Bn.

Global Corporate Banking 2018: Unlocking Success Through Digital

Digital disruption has come to corporate banking with a vengeance. Banks need to develop a vision of how the industry will evolve, formulate a comprehensive strategy, and plot their digital initiatives.

Getting Big in Small Business Banking

Banks often regard small businesses as high risk and costly to serve. But incumbents that are looking to boost performance and remain competitive should think again.

Global Corporate Banking 2016: The Next-Generation Corporate Bank

Though top banks are achieving profitable growth, they are also facing profound digital disruption—and most are not ready for it. Institutions must digitize swiftly and aggressively.

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India banks on financial services

The net new demand for modern banking services in India’s rapidly growing market is estimated to be one of the strongest in the world

Fintechs May Be Corporate Banks’ Best “Frenemies”

Corporate banks that engage with fintechs as allies, rather than as a direct threat, can fast-track their innovation processes and create a superior client experience.

India Insurance: Turning 10, Going on 20

The Insurance Practice in India along with The Federation of Indian Chambers of Commerce and Industry (FICCI) released a report titled India Insurance—Turning 10, Going on 20 at the 14th Insurance Conference in New Delhi. The report highlights the importance of insurance in India’s economy, the progress made in the last decade, key challenges associated with the sector and an action agenda for insurance companies and the government.

Indian Banking 2020: Making the Decade’s Promise Come True

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.

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