MUMBAI, May 18: Veteran banker N Vaghul died on Saturday afternoon due to health complications, sources said. He was 88.
Vaghul, who held many leadership positions in the banking industry, is credited with transforming ICICI from a public finance institution to a private sector bank in his 11-year stint as the chairman and managing director, starting in 1985.
He was admitted to a private hospital in Chennai due to some health complications and was on ventilator support, as per the sources. (PTI)
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