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India's banking sector on cusp of transformation amid growing interest from the Japanese and Middle East financial services and private equities, the BCG's global leader, financial institutions, tells Monyecontrol

Indian firms allocate up to 20 percent of tech budgets to AI, says BCG

Nearly 70-80 percent of AI proofs of concept will move into production in 2025 compared to 10-15 percent earlier.

India is the only market with falling bank employee productivity and decreasing operating leverage: BCG’s Saurabh Tripathi

While Indian banks are benefitting from emerging trends like mutual fund distribution and insurance sales, much of the fee income is volume-driven and not rooted in differentiated, high-value services, he said.

AI transforms retail pricing with real-time discounts, says BCG

Unlike traditional promotional strategies that were planned months in advance, AI enables real-time adjustments.

Despite 80% developers recognising Gen AI’s benefits, adoption below 40%: BCG Report

Moreover, Indian ITes cannot succeed in implementing use cases of Agentic AI without a strong foundation in Gen AI.

Only 7% of global executives think AI adoption will lead to job losses: BCG report

One in three companies say they will invest more than $25 million on AI in 2025. India leads the pack, with 80% firms identifying and adopting AI as a core strategic priority against the global average of 75%

India commands 60% of scaled banking workforce in GCCs, says report

Globally, only a small group of countries including the US and China, have achieved high readiness for AI, driven by investments and better R&D ecosystem.

India leads in carbon emissions reporting and target setting: BCG study

The study, prepared by study by BCG and CO2 AI, highlighted that at 24 percent, Indian companies are also ahead in target setting as compared to 16 percent global average, and in reducing emissions along a 1.5ºC Paris Agreement pathway, with an average of 15 percent as compared to 11 percent globally.

Fintech NBFCs are the new hotspot for large cheques, says Vikram Vaidyanathan of Z47

In an exclusive interaction, Vaidyanathan, managing director of what was earlier Matrix Partners India, and Vivek Mandhata, MD and partner, BCG India, highlight the growing appeal of fintech NBFCs and wealth management startups.

MC Exclusive: Role of banks may diminish in all economies given heightened regulatory pressure: Saurabh Tripathi of BCG

In an exclusive conversation with Moneycontrol, the global leader, financial institutions, at the consultancy cautions that with regulatory oversight increasing across the globe and in India, it might lead to an existential crisis for the banking industry.

Tech must drive cost efficiency in banking, moving beyond subsidies, says Sukand Ramachandran of BCG

In an exclusive interview to Moneyconytrol, Sukand Ramachandran, Managing Director and Senior Partner, BCG explains why payments need to be self-sustaining business not dependent on incentives.

Karnataka minister MB Patil backs move to hire BCG; says BJP should first question PM Modi

BJP criticised the state government's decision to hire BCG for six months at a cost of Rs 9.5 crore.

Congress' Praveen Chakravarty apologises for remarks slamming Karnataka govt's decision to hire BCG

On June 20, moneycontrol had reported that Karnataka state government has roped in Boston Consultancy Group as a consultant to help with suggestions to boost its revenue.

MC Impact | Congress divided over Karnataka move to hire BCG, senior leader Praveen Chakravarty fumes

All India Professionals' Congress Karnataka distances itself from its national chairman's stance.

Rs 9.5 crore fee for 6 months: Inside the terms of Karnataka govt’s deal with Boston Consulting Group

Some of BCG’s proposals are likely to be included in the next budget. It has also started working with the finance department to streamline expenditure in tenders across major departments.

Only 10% of the companies have moved to GenAI production amidst high costs of technology: BCG X's Sylvain Duranton

BCG remains bullish on companies increasing spends on experimenting with generative AI use cases in 2024.

LIC working on a new mobile app, ropes in BCG as consultant, says chairperson

The chairperson highlighted that the company has worked on a total transformation of its digital services.

A ‘techtonic’ shift: Why India is becoming a hub for GCCs

From providing support, employees of global firms in India are now at the forefront of operations, and this has seen even companies that had previously shuttered their captives in India return to the country

Corporate Crossings | Rahul Jain to lead India office of Boston Consulting Group

Jain who steers BCG's Industrial Goods practice across the Asia Pacific region is set to replace Alpesh Shah who has led BCG's India office since September 2018.

BCG can prevent severe TB in children, but efficacy wanes over time: MoS Health

The risk of tuberculosis even after vaccination if exposed to the bacteria remains at all ages.

More lateral entry from private sector, new trade promotion body planned for Commerce Department: Piyush Goyal

The government plans to implement a Boston Consulting Group report which calls for significant restructuring of the department to help hit $2 trillion in exports by 2030.

JSW Steel ropes in BCG to work on decarbonisation goals

According to a ministry document, the iron and steel industry globally accounts for around 8 per cent of total carbon dioxide (CO2) emissions on an annual basis, whereas in India, it contributes 12 per cent to the total CO2 emissions.

'I didn’t abuse paid leave': Indra Nooyi recalls returning to work days after father's death

Indra Nooyi said she did not “abuse” her paid leave and went back exactly after three months and two days as her father died at the end of three months of her paid leave.

IIM-B placement: Entire batch hired in two days; Accenture, Amazon and BCG top recruiters

The B-School saw a 37 percent growth in the number of offers this year as against last year, driven primarily by consulting, and product management roles.

IIM-A placements: BCG, Accenture top recruiters as final campus hiring begins

BCG made 47 offers and Accenture Strategy 32 on Day 1, indicating a strong hiring season. The next round of placements will be held on February 11