Veteran banker and Padma Bhushan recipient Narayanan Vaghul, who passed away on May 18 at the age of 88, was cremated in Chennai on Sunday. Industry leaders including Ajay Piramal and R Seshasayee paid their respects. Vaghul, former head of ICICI, was remembered for his significant contributions to the banking sector, particularly in mentoring many successful women bankers. Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das also offered condolences.
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.
Underscoring the rapid progress expected over the next two decades, he said, "Let's say in 2047, we'll have - we'll be the third-largest economy, maybe a USD 40 billion economy. Even now, in the next - I think by 2029, we'll be the third-largest economy. So only the U.S. and China will be ahead of us. So that's a big progress the country is making."
Underscoring the rapid progress expected over the next two decades, he said, "Let s say in 2047, we ll have - we ll be the third-largest economy, maybe a USD 40 billion economy. Even now, in the next - I think by 2029, we ll be the third-largest economy. So only the U.S. and China will be ahead of us. So that s a big progress the country is making."