Let $V$ and $W$ be two Banach spaces and let $T\in L(V,W)$ be bounded such that $R(T)$ is closed and dim $N(T)<\infty$. Let $|.|$ denote another norm on $V$ with $|x|\leq M\|x\|_V$ for all $\,x\in V$, and $\,M$ being a positive constant.
I'd like to prove that there exists a constant $C$ such that $$\|x\|_V\leq C\big(\|Tx\|_W+|x|\big)\quad\text{for all }x\in V.$$
My effort:
Consider $Id:(V,||.||_V)\rightarrow (V,|.|)$ this map is continuous (as given $|x|\leq M\|x\|_V$) and onto so by open mapping theorem $Id$ is open map so there will be a constant $M'$ such that $||x||_V\leq M'|x|$ that means two norms are equivalent. Also given $R(T)$ is closed in banach space $W$, hence $R(T)$ itself banach.
Now define a new norm on $V$ by $||x||_N:=||Tx||_W+|x|$
I check that under this norm $(V,||.||_N) $ is again Banach space. Now finally consider $Id:(V,||.||_V)\rightarrow (V,||.||_N)$ and we obtain
$||Tx||_W+|x|\leq(M+||T||)||x||_V$ for all $x\in V$ So again by open mapping theorem $(V,||.||_V)$ and $(V,||.||_N)$ are equivalent and we will obtain the require result.
Also I observed that there is no requirement of $N(T)<\infty$, Please verify my approach If it is correct then may I put it as answer? Any help/hint in this regards would be highly appreciated.
The fact that $N(T)$ is finite dimensional space is needed to show that $\|x\|_N$ is complete:
Consider $X=R(T)\times N(T)$ endowed with a product norm. (Take any norm on $N(T)$ since it is finite dimensional). Let $e_1,...,e_n$ be a basis of $N(T)$, consider $b_i$ the form defined on $N(T)$ by $b_i(e_i)=1, b_i(e_j)=0, i\neq j$. Hahn Banach, you can extend it to $a_i$ on $V$, define $U:V\rightarrow X$ by $U(x)=(T(x),a_1(x)e_1,...,a_n(x)e_n)$. $U$ is bijective and continuous. To see this let $L$ be a $\cap_i Ker(a_i)$, $Im(T_{\mid L}=R(T)$.
Let $(x_n)$ be a $\|\|_N$ Cauchy sequence, $(T(x_n))$ is a Cauchy sequence, it implies that $u_n=U^{-1}(T(x_n),0)$ is a Cauchy sequence of $(V,\|\|_V)$, $T(x_n-u_n)=0$, we deduce that it is a $\|\|_N$ Cauchy sequence in a finite dimensional space $(N(T)$) so it converges, since $u_n$ converges for $\|\|_V$ (since $T(x_n)$ converges and $U^{-1}$ is continuous), it converges for $||$ since $|v|\leq M\|v\|_V$, we deduce that $x_n=(x_n-u_n)+u_n$ converges for $\|\|_N$.