Nirmala Sitharaman, the Union Minister of Finance and Corporate Affairs, presented the book "Reflections" in Mumbai. The book`s well-known banking author, Narayanan Vaghul, presents a thorough description of his experiences in India`s financial scene over a number of decades. Sitharaman commended Vaghul for his leadership skills, depth of banking knowledge, and commitment to mentoring leaders. She focused on his ideas and vision for empowering women in particular because she thinks they will be useful and relevant as more Indian women assume senior positions in the financial services industry.

 

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.