According to a recent news, the State Bank of India was being put in “Hall of Shame” list along with some other banks. The reason for this was A) for not recovering the NPAs in the last 6 months B) for financing a US cluster bomb manufacturer C) for supporting Vijay Malaya D) it listed the worst NPAs ever the last quarter E) None of these

According to a recent news, the State Bank of India was being put in “Hall of Shame” list along with some other banks. The reason for this was A) for not recovering the NPAs in the last 6 months B) for financing a US cluster bomb manufacturer C) for supporting Vijay Malaya D) it listed the worst NPAs ever the last quarter E) None of these
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Answer :

B) for financing a US cluster bomb manufacturer Explanation: The State Bank of India has defended financing a US 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.
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