SBI caught in controversy as scantily clad women dance at an event in Goa, AIBEA seeks action

The public sector bank SBI was embroiled in a major controversy after a video of scantily clad women dancing at an event of the UCO bank in Goa has gone viral on social media.

The event was organised by the SBI at a Goa hotel, NH has learnt.

All India Insurance Employees Association (AIBEA) – the largest bank employee association of India has taken an exception to the event and has written a letter to the Secretary Department of Financial Services, suggesting that “CBDT may disallow these expenses of SBI Life spent on such entertainment programmes”.

Talking to NH, C H Venkatachalam, General Secretary, AIBEA said, “A life insurance subsidiary of a government owned bank hosting a party where scantily clad group of women dancing to entertain the employees of another government owned bank at a Goa hotel is nothing but atrocious.”

Venkatachalam also opined that the Reserve Bank of India and the Insurance Regulatory Development Authority of India (IRDAI) should take necessary action so that such obscene acts are not repeated thereby bringing down the reputation of bankers.

In the letter that he wrote to the Secretary Department of Financial Services, Venkatachalam expressed his objections, “SBI is the leading PSB and SBI Life is their subsidy. Their giving such entertainment parties to Public Sector Banks is highly objectionable. We strongly feel that the DFS should look into this matter and investigate and issue necessary guidelines to Banks if such things are happening”.

Saying that there is widespread discontent amongst bank staff over bank managements at various levels pressurising Branch Managers to secure business for insurance company products, Venkatachalam added, “SBI is the leading PSB (public sector bank) and SBI Life is their subsidiary. Their giving such entertainment parties to Public Sector Banks is highly objectionable”.