Business News
Sad news: N Vaghul, a change maker in the banking world, is no more.
Vaghul had collapsed at his Chennai home a few days ago and was put on ventilator support at a private hospital, where he breathed his last.
Banking game changer N Vaghul, who transformed ICICI Bank from a private sector lender to the top, passed away on Saturday afternoon due to health complications. He was 88.
Vaghul took over the reins of ICICI, which was once a public finance institution, in 1985 and in his 11-year tenure, with the help of a young team, ICICI became a leading bank with the liberalization of the economy.
Vaghul had collapsed at his Chennai home a few days ago and was put on ventilator support at a private hospital, where he breathed his last.
According to the information, Vaghul’s family consists of his wife Padma, son Mohan and daughter Sudha and both the children are settled abroad.
