Narayanan Vaghul
Narayanan Vaghul | |
---|---|
Born | 1936 Madras, British India |
Died | 18 May 2024(2024-05-18) (aged 88) Chennai, India |
Occupation | Banker |
Honours | Padma Bhushan (2010) |
Narayanan Vaghul (1936 – 18 May 2024) was an Indian banker and philanthropist, who served as chairman and managing director of ICICI Bank, one of India's largest private sector banks. He was a recipient of the Padma Bhushan, India's third highest civilian honour, in 2010.
Early life
Vaghul was born in Madras (present-day Chennai) in then British India in 1936.[1] He was second in a family of eight children. He studied at Ramakrishna Mission School and graduated from Loyola College, Madras University in the with a Bachelor of Commerce degree with honours in 1956.[1][2] In a later interview, he would say that while he wanted to pursue a career in the Indian civil services, he missed the application due to an age cutoff.[2]
Career
Vaghul started his career with the State Bank of India (SBI), an Indian public sector bank, as a probationary officer.[3] During his time at the bank, he was mentored by then chairman of the bank R. K. Talwar.[4] He later moved to the National Institute of Bank Management, after serving 19 years at SBI. He later became the director there before joining Central Bank of India, another public sector bank, in 1978.[3] In 1981, he was appointed the chairman and managing director of Bank of India.[2]
Vaghul was appointed as the chairman and managing director of the Industrial Credit and Investment Corporation of India, which was then still a government-controlled public finance institution, in 1985 by prime minister Rajiv Gandhi.[5] He led the corporation's transformation into India's largest private-sector bank taking the name ICICI Bank. He retired in 1996, but remained as its non-executive chairman until 2009.[3][2] In addition to driving the transformation at the Bank, his time at ICICI was noted for grooming of leaders, including K. V. Kamath, Kalpana Morparia, Shikha Sharma, and Nachiket Mor, many of whom went on to lead other public and private sector financial institutions.[4]
Vaghul served as a director on the board of many companies including Wipro, Mahindra & Mahindra, Apollo Hospitals and Mittal Steel.[6] He was also the chairman of Mahindra World City, Chennai, when it was set up as one of the first special economic zones in India, and was the first chairman of financial services company CRISIL.[3] He was also chairman of Pratham from 1996-2007 helping the organisation to scale across India.
Vaghul was awarded the Padma Bhushan, India's third highest civilian honour, in the trade and industry category in 2010.[2][7] He won several other awards including Business Man of the Year (1991) from Business India and a lifetime achievement award from The Economic Times.[6] He was also the Chairman of Give India, one of India's NGOs.[6][2]
Vaghul received the award of Corporate Catalyst—Forbes Philanthropy award in 2012 for his active involvement and assisting philanthropic causes.[8]
Personal life
Vaghul was married to Padma Vaghul and had two children—a son, Mohan, and a daughter, Sudha.[3][9]
Vaghul died on 18 May 2024, at the age of 88.[2][3]
References
- ^ a b "Narayanan Vaghul – Creating Emerging Markets – Harvard Business School". www.hbs.edu. Archived from the original on 5 December 2022. Retrieved 18 May 2024.
- ^ a b c d e f g Ramesh, M. (18 May 2024). "N Vaghul, doyen of Indian banking, passes away". BusinessLine. Archived from the original on 18 May 2024. Retrieved 18 May 2024.
- ^ a b c d e f Yadav, Krishna (18 May 2024). "N Vaghul, accidental banker and philanthropist, dies at 88". mint. Archived from the original on 18 May 2024. Retrieved 18 May 2024.
- ^ a b Seshasayee, R. (18 May 2024). "N. Vaghul – A rare diamond". The Hindu. ISSN 0971-751X. Archived from the original on 18 May 2024. Retrieved 18 May 2024.
- ^ "Narayanan Vaghu". Forbes. 18 April 2012. Archived from the original on 6 October 2008. Retrieved 24 October 2013.
- ^ a b c "Narayanan Vaghul". Bloomberg. Archived from the original on 19 December 2014. Retrieved 19 December 2014.
- ^ "Press Information Bureau English Releases". Pib.nic.in. Archived from the original on 6 October 2014. Retrieved 24 October 2013.
- ^ "Narayanan Vaghul: The Corporate Philanthropy Catalyst". Forbes. Archived from the original on 19 December 2014. Retrieved 19 December 2014.
- ^ Mishra, Lalatendu (18 May 2024). "Narayanan Vaghul, legendary banker and former ICICI Bank chairman, passes away at 88". The Hindu. ISSN 0971-751X. Archived from the original on 18 May 2024. Retrieved 18 May 2024.
- v
- t
- e
- Satya Paul Agarwal
- Mohammad Amin
- Sailesh Kumar Bandopadhyay
- M. S. Banga
- Anil Bordia
- Bipan Chandra
- B. K. Chaturvedi
- Sant Singh Chatwal
- G. P. Chopra
- Tan Chung
- Madhusudan Dhaky
- P. R. Dubhashi
- Puttaraj Gawai
- Belle Monappa Hegde
- Ilaiyaraaja
- Jagdish Chandra Kapur
- Shrinivas Khale
- Aamir Khan
- Sultan Khan
- Ram Kumar
- Kumudini Lakhia
- Kuzhur Narayana Marar
- Chhannulal Mishra
- Eledath Thaikkattu Narayanan Mooss
- C. P. Krishnan Nair
- S. P. Oswal
- Akbar Padamsee
- Ramakanta Panda
- Balasaheb Vikhe Patil
- Arogyaswami Paulraj
- A. R. Rahman
- Moosa Raza
- Mallika Sarabhai
- Nookala Chinna Satyanarayana
- Abhijit Sen
- Satya Vrat Shastri
- Noshir M. Shroff
- Kushal Pal Singh
- Bikash Sinha
- Balagangadharanatha Swamiji
- Narayanan Vaghul
- P. K. Warrier
- Fareed Zakaria
- S. P. Balasubrahmanyam
- Rajashree Birla
- M. N. Buch
- C. V. Chandrasekhar
- Ajai Chowdhry
- Yogesh Chander Deveshwar
- Satyadev Dubey
- T. J. S. George
- Shankha Ghosh
- Kris Gopalakrishnan
- Keki Byramjee Grant
- Shashi Kapoor
- Krishen Khanna
- Khayyam
- Chanda Kochhar
- Dwijen Mukhopadhyay
- Madavoor Vasudevan Nair
- Ramdas Pai
- Dashrath Patel
- Rajendra Singh Pawar
- Suryanarayanan Ramachandran
- Shobhana Ranade
- Gunupati Venkata Krishna Reddy
- Kallam Anji Reddy
- Waheeda Rehman
- Shyam Saran
- Analjit Singh
- Arpita Singh
- Surendra Singh
- R. K. Srikantan
- Raghavan Thirumulpad
- Suresh H. Advani
- Shabana Azmi
- Homi K. Bhabha
- Shashikumar Chitre
- Khaled Choudhury
- Jatin Das
- Vidya Dehejia
- Dharmendra
- S. N. Goenka
- M. S. Gopalakrishnan
- T. V. Gopalakrishnan
- Buddhadev Das Gupta
- Sunil Janah
- Anish Kapoor
- S. B. Mujumdar
- B. Muthuraman
- Mira Nair
- Arvind Panagariya
- José Pereira
- Mata Prasad
- M. S. Raghunathan
- P. Chandrasekhara Rao
- Ronen Sen
- Devi Shetty
- M. V. Subbiah
- N. Vittal
- N. H. Wadia
- George Yeo
- Satya N. Atluri
- Maharaj Kishan Bhan
- Jaspal Bhatti
- Rahul Dravid
- Adi Godrej
- Abdul Rashid Khan
- Rajesh Khanna
- Mary Kom
- Nandkishore Shamrao Laud
- Mangesh Padgaonkar
- Hemendra Singh Panwar
- Jogesh Pati
- Shivajirao Girdhar Patil
- A. Sivathanu Pillai
- D. Ramanaidu
- Kanak Rele
- V. K. Saraswat
- Ashoke Sen
- Gayatri Chakravorty Spivak
- B. N. Suresh
- Sharmila Tagore
- Ramamurthy Thyagarajan
- Saroja Vaidyanathan
- Anisuzzaman
- Mrityunjay Athreya
- Padmanabhan Balaram
- Dalveer Bhandari
- Ruskin Bond
- Anita Desai
- Pullela Gopichand
- Kamal Haasan
- Jyeshtharaj Joshi
- V. N. Kaul
- Neelam Kler
- M. Mahadevappa
- Leander Paes
- K. Radhakrishnan
- Anumolu Ramakrishna
- Thirumalachari Ramasami
- Lloyd Rudolph
- Susanne Hoeber Rudolph
- Vinod Prakash Sharma
- Gulam Mohammed Sheikh
- Parveen Sultana
- Dhirubhai Thaker
- Vairamuthu
- J. S. Verma
- T. H. Vinayakram
- Jahnu Barua
- Manjul Bhargava
- Vijay P. Bhatkar
- Swapan Dasgupta
- David Frawley
- Bill Gates
- Melinda French Gates
- Swami Satyamitranand
- N. Gopalaswami
- Subhash C. Kashyap
- Gokulotsavji Maharaj
- Saichiro Misumi
- Ambrish Mithal
- Sudha Ragunathan
- Harish Salve
- Ashok Seth
- Rajat Sharma
- Satpal Singh
- Shivakumara Swami
- Khadg Singh Valdiya
- Ravindra Chandra Bhargava
- Robert D. Blackwill
- Hafeez Contractor
- Indu Jain
- Heisnam Kanhailal
- Anupam Kher
- Sania Mirza
- Pallonji Mistry
- Udit Narayan
- Saina Nehwal
- Yarlagadda Lakshmi Prasad
- Vinod Rai
- N. S. Ramanuja Tatacharya
- A. V. Rama Rao
- D. Nageshwara Reddy
- Dayananda Saraswati
- Barjinder Singh Hamdard
- Ram V. Sutar
- Tejomayananda
- 1954–1959
- 1960–1969
- 1970–1979
- 1980–1989
- 1990–1999
- 2000–2009
- 2010–2019
- 2020–2029