This refers to Shyamal Majumdar's column "Bribery, bad loans and banks" (Human Factor, August 15). The writer has been less than fair when he insinuated that the public sector bank executives were corruption-prone owing to inadequate compensation packages. You always get black sheep in a crowd. There are many honest managers in public sector banks, otherwise the country would not have run properly. High compensation packages do not necessarily ensure honesty. Don't we come across major cases of corruptions in private sector banks as well? Have we forgotten the involvement of leading private sector banks in the London Interbank Offered Rate (LIBOR) scams?
Nirupam Haldar, Kolkata
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