N vaghul biography
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Remembering Narayanan Vaghul, the institution builder and mentor of modern Indian banking
Narayanan Vaghul, the father of private sector banking is no more. He leaves behind a strong institution in ICICI Bank, whose parent company he headed for 10 transformative years.
He also leaves behind a large number of leaders in corporate India whom he mentored and myriad memories of how government and financial institutions ought to respect the rule of law and serve the public interest.
Vaghul is remembered best for his seminal innings as chairman and managing director of ICICI Ltd, the financial institution from 1985-1995.
He also leaves behind a large number of leaders in corporate India whom he mentored and myriad memories of how government and financial institutions ought to respect the rule of law and serve the public interest.
Vaghul is remembered best for his seminal innings as chairman and managing director of ICICI Ltd, the financial institution from 1985-1995.
But that wasn't his first job nor his biggest contribution to banking.
He cut his teeth in banking at the State Bank of India, where he learnt the rudiments of banking and the fine art of tackling large borrowers and political bigwigs from RK Talwar, State Bank's Chairman from 1969 to 1976.
Talwar was one of independent India's most brilliant bankers an