Back in fashion

Corporate awards normally go to the sultans of success and the purveyors of good news. The cautious CEO who worries about bad times and steers his ship away from choppy waters is rarely rewarded. So, it is not surprising that the same high-profile jury of a media group that rejected the name of former RBI governor YV Reddy for an award two years ago, on the grounds that he was an excessively cautious and conservative governor, has now chosen him for this year’s award for saving the Indian banking sector from the ravages of the global financial crisis.