The Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, launched a book called “Reflections” in Mumbai. The author of the book is Narayanan Vaghul, a well-known banker, and it provides a detailed account of his experiences in the financial landscape of India over several decades. Sitharaman praised Vaghul for his leadership qualities and extensive experience in banking, as well as his contributions to mentoring leaders. She particularly highlighted his ideas and vision for women empowerment, which she believes will continue to be relevant and valuable as more women take on leadership roles in financial services in India.
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Widely considered as the architect of modern banking in India, Shri Vaghul’s book recounts the dramatic, humorous, and often momentous events throughout his illustrious career. Packed with fascinating anecdotes, the book touches upon various initiatives that he was privileged to have been part of.
“Mr. Vaghul is regarded as the Bhishma pitamah of banking in India and the journey of her life epitomizes selfless service, nation building, mentoring and empowerment of women.” The processes established by Shri Vaghul went on to become strong and sustainable practices in the Indian financial ecosystem. He has been instrumental in mentoring several powerhouses of banking talent and actively groomed more women CEOs in banking, thereby fostering a culture of gender-neutral meritocracy.
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