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Banking industry doyen N Vaghul dies at 88
Veteran banker N Vaghul, who led the transformation of ICICI into a private sector lender, died on Saturday afternoon due to health complications. He was 88. Vaghul took over the reins of ICICI, then a public finance institution, in 1985 and turned it into a universal bank during his 11-year stint at the helm with the help of a young team as the economy liberalised.