My dear friend Vaghul was a rare diamond of splendorous colours. I was privileged to be on the Board of ICICI when it transformed itself from a development financial institution to a ‘universal bank’ in the late 1990s. Kamath, Kalpana Morparia, Shikha Sharma, Nachiket Mor and many others, went on to not only lead institutions, but also to transform the landscape of the financial sector. Vaghul cut the shrubs and cleared many a new path in the financial sector, which have become busy highways now. ‘Faith in research’His genius could not be contained within the financial sector, although that was his principal calling.

Source: The Hindu May 19, 2024 05:51 UTC