Chennai, May 19 (PTI) Veteran banker and Padma Bhushan recipient Narayanan Vaghul, who died in the city on May 18, was cremated here on Sunday, family sources said.
Vaghul was cremated at a city crematorium, after industry titans including Ajay Piramal and R Seshasayee paid their respects to the departed veteran here.
Admitted to a corporate hospital in the city due to health-related ailments, Vaghul (88) breathed his last on Saturday. He is survived by his wife Padma, son Mohan, and daughter Sudha.
Union Finance Minister Nirmala Sitharaman, Reserve Bank of India Governor Shaktikanta Das, Mahindra and Mahindra Group Chairman Anand Mahindra had condoled his demise.
On Sunday, former Union Minister and senior Congress leader P Chidambaram mourned Vaghul's demise and credited him with creating many legendary women bankers.
"He was a legendary banker who turned ICICI into a financial powerhouse, but he was more than that. He was the one who spotted talent among men and women, mentored them, promoted them and entrusted them with high responsibilities," Chidambaram said.
"Dozens of them, especially women, became legendary bankers themselves. May his example guide the banking industry and may his soul rest in peace !", he wrote in a social media post.
