Narayanan Vaghul

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. 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. 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.

Vaghul served as a director on the board of many companies including Wipro Technologies, Mahindra & Mahindra, Apollo Hospitals and Mittal Steel Company. 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. He won several other awards including Business Man of the Year (1991) from Business India and a lifetime achievement award from The Economic Times.

Personal life Vaghul was married to Padma Vaghul and had two children—a son, Mohan, and a daughter, Sudha.

Vaghul died on 18 May 2024, at the age of 88.