Amit Kumar
Managing Director & Partner
New York
Amit Kumar is a core member of Boston Consulting Group’s Financial Institutions and Insurance practice. He is also a core member of the Marketing, Sales & Pricing practice (MSPA) and has significant expertise in large-scale change management.
Since joining BCG in 2010, Amit has acquired extensive on-the-ground experience working with financial services clients in India and Southeast Asia to craft and execute business transformation programs. Typical efforts undertaken by Amit tend to span several years and require direct accountability for results. His work involves a highly cross-functional approach that cuts across sales, marketing, operations, digital strategy, and HR.
A majority of Amit’s client work also entails developing and delivering digital prototypes to embed new programs in the client companies. He has also led programs for developing and deploying new digital strategy.
Amit is a regular speaker at major industry conferences, and he contributes widely to various media publications.
Prior to joining BCG, Amit founded and ran Grail Research, a $15 million firm with more than 350 associates across five offices. Grail Research won several awards for business innovation and was the subject of a Harvard Business School case study. He previously worked for Monitor's consulting practice as a project manager.
This corporate function does best if it has the right amount of centralization and its role evolves during transformations.
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.
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.
India’s 60 million micro, small and medium enterprises (MSMEs) make an enormous contribution both to India’s employment and its gross domestic product (GDP). However, India has yet to reach its potential, lagging 10 percentage points behind the US and 23 points behind China in GDP contribution.
The role of digital in financial services is rapidly expanding. However, the financial services industry has not fully recognized the rising importance of digital among Indian consumer. Financial institutions need to leverage digital to completely transform the customer experience. They will need to transform themselves in three stages.