Emerging-nation banks are doing better for two simple reasons. They are benefiting from the enormous numbers of customers and businesses that, for the first time in their lives, are starting to open bank accounts, take out loans, and participate in other banking interactions. Second, there’s a growing class of affluent and wealthy customers in those populations who help boost banking revenues.
Ranu Dayal became a Fellow at The Boston Consulting Group in 2011. His research examines the distinct sets of challenges facing banks in different parts of the world. In particular, he is focused on the evolution of emerging-market institutions.
Ranu believes that financial companies in emerging markets must change as they face increasing demand for credit and transaction services from consumers, companies, and the state in their home markets. Ranu is studying the transformational opportunities and impact that this demand will deliver.
Since his start at BCG in 2000, Ranu has worked with a range of financial institutions and agencies in Asia, Europe, and the Americas, including Global Dow 30 institutions, Asian national champions, leading sovereign wealth funds, and ministries of finance. He has also worked with many of the world’s largest universal banks, as well as specialist entities on the complex interplay of capital allocation, growth, and value creation.
Prior to his consulting career, Ranu taught economics at universities in India, Japan, and the UK.