Letter to BS: Why are honest taxpayers paying for other's crimes?

In the corporate sector, erring officials have been sent to jail and personally paid huge penalties

Apropos your front page story “State Bank of India posts record loss of Rs 77 bn in Q4; stock rises 3.7%” (May 23), there seems to be a race between the public sector banks to come out clean — declare huge losses and erase all their past sins. Punjab National Bank (PNB) took the lead — because of the Nirav Modi scam — and now the big daddy of all SBI discloses a huge amount of over Rs 77 billion for the quarter ending March ‘18. Clearly, the losses were always there and they have an opportunity now to seek