Guru with the keys to the kingdom

In a recent interview with The Banker magazine, Dr YV Reddy, governor of the Reserve Bank of India, says he is "not necessarily looking for a dramatic shift" in the "dynamic mix" that currently makes up the banking sector in India.

"Financial sector reforms in India, Dr Reddy notes, have been carefully designed and implemented by the civil servants at the central bank and government. They did not arise haphazardly on the back of a financial crisis, as in other Asian or Latin American countries