Pax said its earlier ‘Hall of Shame’ list published in 2014 had 151 financial institutions. Orbital ATK is one of the world’s largest manufacturers of ammunition and a leading supplier of precision systems and electronic warfare. Most financial institutions named in the Pax list are from countries that have not signed this convention. Photo: Pradeep Gaur/MintNew Delhi: State-run banking behemoth SBI has been named in a ‘Hall of Shame’ list of 158 banking and financial institutions globally that have invested billions of dollars in companies making cluster bombs. Of these, 112 financial institutions are still in the 2016 list and 34 have been removed, while 44 new ones have been included.

Source: Mint June 19, 2016 17:15 UTC