Narayanan Vaghul, a prominent figure in India’s business community, passed away, leaving behind a profound legacy of leadership and social impact. As a long-time board member, Vaghul guided companies with his clear thinking and unwavering integrity. His deep knowledge of scriptures and unwavering adherence to Sanatana Dharma shaped his character and actions, leading him to live a humble and selfless life. Vaghul’s commitment to uplifting others extended beyond his professional realm, as he actively supported organizations such as GiveIndia and Pratham. He played a pivotal role in shaping the Piramal Foundation and imparted valuable counsel during challenging times. Vaghul’s legacy, marked by groundbreaking achievements in banking and a profound humanitarian spirit, will continue to inspire and guide future generations.
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Narayanan Vaghul, the former chairman of ICICI Bank and a renowned figure in the Indian banking industry, passed away at the age of 88. Cremated in Chennai on Sunday, Vaghul left behind a legacy of transformative contributions to the country’s financial landscape. Known as the “Bhishma Pitamaha” of banking, he played a pivotal role in shaping the modern banking system in India.
Narayanan Vaghul, an illustrious figure in the Indian banking industry, passed away in Chennai on Saturday at the age of 88. The Padma Bhushan awardee contributed significantly to the development of ICICI Bank and served as the chairman of Bank of India at the age of 44. Vaghul is survived by his family, including his wife, daughter, and son.
Narayanan Vaghul, the highly acclaimed Indian banker who played a pivotal role in the development of ICICI Bank, is currently in a critical condition and receiving ventilator support. Vaghul’s illustrious career includes accolades such as the prestigious Padma Bhushan award, which he received in 2009. Notably, he holds the record for becoming the youngest head of a bank when he assumed the chairmanship of Bank of India at the remarkable age of 44.