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State Bank of India (SBI.BO)

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  • Reuters8 months ago

    SBI says no law broken in funding cluster bomb maker

    The State Bank of India (SBI) has defended financing a U.S. cluster bomb manufacturer, saying its investments were legal, after being put in a "Hall of Shame" along with several other major banks by a Dutch campaign group. A report by PAX last week listed the government-owned bank as one of 158 lenders - including JP Morgan Chase, Barclays, Bank of America and Credit Suisse - that violated an international ban for investing in cluster bomb firms.

  • India Today Group9 months ago

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