Letters to Editor - The HinduBusinessLineSENSEX 78,639.03+ 544.39NIFTY 24,774.30+ 390.70CRUDEOIL 7,598.00 -515.00GOLD 141,091.00 -420.00SILVER 215,746.00 -1,452.00SENSEX 78,639.03+ 544.39NIFTY 24,774.30+ 390.70NIFTY 24,774.30+ 390.70CRUDEOIL 7,598.00 -515.00CRUDEOIL 7,598.00 -515.00GOLD 141,091.00 -420.00'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth();]]>Updated - August 03, 2026 at 08:49 PM.Thrust on bank depositsThis refers to ‘The vanishing deposit base’ (August 1). In today’s rapidly evolving banking landscape, all banks — whether public or private — must remain relevant by adapting to the changing financial needs of their customers. However, in their pursuit of relevance, they should not compromise the very foundations of conventional banking — deposit mobilisation and prudent lending.The article rightly highlights the importance of expanding bank deposits in order to enable banks to lend at reasonable interest rates without resorting to high-cost sources of funding.Recommending mutual funds to one customer while encouraging another to remain in fixed deposits solely to achieve sales targets or protect deposit mobilisation would certainly dampen public trust.S LakshminarayananKo-Puvanur, TNHDFC Bank probeThe ongoing investigation into HDFC Bank regarding the alleged ₹45-crore differential interest paid to MSRDC under the appearance of vendor sponsorship raises critical systemic concerns regarding governance, regulatory compliance, and ethical standards in the private banking sector.Two decades ago, HDFC Bank’s liability strategy was anchored in building a low-cost CASA deposit base while minimising reliance on high-cost fixed deposits. Today, amidst an elevated credit-deposit ratio, the bank appears to be aggressively chasing bulk liabilities from corporates, state agencies, educational institutions, and temple trusts. Supplying indirect interest or compensatory payouts under the umbrella of sponsorships constitutes an explicit violation of RBI guidelines and an unethical business practice. Characterising such a breach merely as business overreach or outplay, rather than a fundamental failure of governance, reflects an unacceptable institutional dilution.K NagarajanAndankovil Post, Karur, TNImporting doctorsThis refers to ‘The economics of medical education’ ( August 3). Given that supply of expert doctors is less than the demand for them, the idea of importing doctors will definitely work for some time. However, it is imperative that the nation produces quality doctors and sound infrastructural facilities in the health sector in the long run. Dependence on other nations for goods and services is always dangerous.S RamakrishnasayeeChennaiPublished on August 3, 2026Sign into Unlock benefits!Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers${ ind + 1 } ${ device }Last active - ${ la }