Narayanan Vaghul (Born 1936) is a Philanthropist and an ex banker professional from India. He was awarded

Padma Bhushan The Padma Bhushan is the third-highest civilian award in the Republic of India, preceded by the Bharat Ratna and the Padma Vibhushan and followed by the Padma Shri. Instituted on 2 January 1954, the award is given for "distinguished service ...

in the Trade and Industry category in 2010 by the Government of India.

Early life

Born in a remote village in South India, he was second in a family of eight children. He studied at Ramakrishna School, Chennai and graduated from Loyola College,

Madras University The University of Madras (informally known as Madras University) is a public state university in Chennai, Tamil Nadu, India. Established in 1857, it is one of the oldest and among the most prestigious universities in India, incorporated by an a ...

in the late 1950s.

Career

Narayanan joined the State Bank of India as an officer. He served in State Bank of India's branches in Trichi and Madras (city now renamed as Chennai) before moving to Bombay (city now renamed as Mumbai) in the 1960s. Narayanan Vaghul resigned from the State Bank of India and took up a teaching position at the

National Institute of Bank Management The National Institute of Bank ManagementNIBM is an autonomous institute located in Pune, India. It is an autonomous, apex institution for research, training, education and consultancy in bank management. About the institute NIBM was establis ...

(NIBM). Within two years, he became its director. In 1978, he became the executive director at Central Bank of India and served for two years there. Appointed as chairman and managing director of the

Bank of India Bank of India (BOI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founder member of SWIFT (Society for Worldwide Inter B ...

in 1981, he became one of India's youngest chairman of a nationalised bank at the age of 44. He was the chairman of the Bank of India till 1984. In 1985, he was appointed as chairman and managing director of the then Industrial Credit and Investment Corporation of India (ICICI), the financial institution now known as

ICICI Bank ICICI Bank Limited is an Indian Private bank. It is headquartered at Mumbai. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiari ...

. He transformed ICICI from public financial institution to India's largest private bank. After relinquishing executive powers in 1996, he was its non-executive chairman till 2009. Narayanan was awarded as the Business Man of the Year Award in 1991 by 'Business India’, The lifetime achievement award by the Times publications, The Economic Times Lifetime Achievement Award. Narayanan had also served as a director in many major companies of India including

Wipro Wipro Limited (formerly, Western India Palm Refined Oils Limited) is an Indian multinational corporation that provides information technology, consulting and business process services. Thierry Delaporte is serving as CEO and managing director ...

(since June, 1997),

Mahindra & Mahindra Mahindra & Mahindra Limited (M&M) is an Indian multinational automotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed as Mahindra & Mahindra. Part of the Mahindra Group, ...

Apollo Hospitals Apollo Hospitals Enterprise Limited is an Indian multinational healthcare group headquartered in Chennai. Along with the eponymous hospital chain, the company also operates pharmacies, primary care and diagnostic centres, telehealth clinics, ...

and Mittal steel. Narayan is also the Chairman of Give_India, one of India's NGOs. Narayan received the award of Corporate Catalyst — Forbes Philanthropy award in 2012 for his active involvement and assisting philanthropy causes.

References

External links

*http://www.thesmartceo.in/magazine/cover-story/the-wise-leader.html Living people Loyola College, Chennai alumni Indian bankers 1936 births Recipients of the Padma Bhushan in trade and industry {{India-business-bio-stub