Daijiworld Media Network - Mumbai (SP)
Mumbai, Oct 21: N N Pai (86), retired chairman of Corporation Bank and retired chairman and executive director of Industrial Development Bank of India (IDBI), breathed his last at his residence in Cuffe Parade here on Friday October 17. His wife Vijayalakshmi (83) had passed away on October 16. He is survived by three daughters and two sons.
Narayan Pai from Nileshwar in Kerala, who later rose to fame in the name of N N Pai, functioned as Corporation Bank chairman from 1975-80 and as chairman and executive director of IDBI from 1980 to 83. He also served as a member of the board of directors of more than 20 companies in India. He was the gold medalist in the first-ever chartered accountancy examination held in the country.