Narayanan Vaghul, architect of modern banking in India, dies at 88

Daily Current Affairs / Narayanan Vaghul, architect of modern banking in India, dies at 88

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Category : Obituaries Published on: May 24 2024

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N Vaghul, a legendary figure in the Indian banking industry and former chairman of ICICI Bank, passed away in Chennai at the age of 88, leaving behind a significant legacy in the financial sector.
Initially aspiring to become a civil servant, Vaghul joined the State Bank of India (SBI) in 1954 due to delays in taking the civil services examination, which marked the beginning of his illustrious career in banking.
Vaghul's visionary leadership and commitment to excellence had a profound impact on the Indian banking industry, particularly during his tenure at ICICI Bank, where he played a crucial role in shaping its growth and development.

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Narayanan Vaghul, architect of modern banking in India, dies at 88