largest shareholders
Government of India (56.9%)
SBI Funds Management Ltd (3.3%)
HDFC Asset Management Co Ltd (1.8%)
publicly traded
YES
subsidiaries
State Bank of India (UK) Ltd
Commercial Indo Bank LLC, Moscow
Nepal SBI Bank Ltd
State Bank of India (California)
SBI Canada Bank
PT Bank SBI Indonesia
SBI (Mauritius) Ltd
operations
Global
total assets
£543.82 billion (61,79,694 INR)
HEADQUARTERS
Mumbai, India
financing overview
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climate crisis
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gaza genocide
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controversial weapons
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Migrant abuse
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£8,497,240,000
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£346,000,000
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£466,400,000
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£66,000,000
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Ranked 47 globally for fossil fuel finance.
The bank is financing a new coalmine in Queensland that violates Indigenous rights |
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Company highlights and involvement
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company involved
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funding
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climate crisis
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gaza genocide
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cont. weapons
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migrant abuse
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ADANI
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£737m
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BOEING
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£346m
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LEIDOS
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£66m
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PERATON
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£54m
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Fossil fuel companies bankrolling the climate crisis
Funded: £737m
Climate Crisis
gaza genocide
Adani Enterprises is the largest private coal company in the world, a conglomerate built on environmental destruction, political corruption, and militarised violence. Led by billionaire Gautam Adani, the company’s reach extends from coal fields in Australia to the war zone in Gaza, profiting at every turn.
Adani’s ethical bankruptcy extends beyond environmental concerns. Through a joint venture with Israeli weapons manufacturer Elbit Systems, the company produces Hermes 900 drones—the same drones used in the genocide of Palestinians in Gaza. These so-called “battle-tested” drones also patrol India’s borders with Pakistan.
Gautam Adani’s close ties to Prime Minister Narendra Modi have drawn allegations of cronyism, with his firms frequently winning state energy and infrastructure tenders. Publicly, he has praised Donald Trump as an “embodiment of unbreakable tenacity”, reflecting alliances with authoritarian leaders.
Communities in India, Indonesia, and Australia suffer the consequences of Adani’s profits, while the company accelerates climate change.
Weapons Companies bankrolling the Gaza Genocide and Cont. Weapons
Funded: £346m
controversial weapons
gaza genocide
Boeing is not only a global aerospace giant but also a pivotal enabler of the Israeli genocide of Palestinians. The company has supplied Israel with vast quantities of advanced weaponry, notably its Joint Direct Attack Munition kits, which convert unguided bombs into precision-guided munitions. These Boeing-manufactured weapons have been linked to numerous deadly attacks on densely populated civilian areas, in what Amnesty International and other human rights organisations have condemned as potential war crimes. Boeing’s Apache attack helicopters and F-15 fighter jets have also played a central role in Israeli military campaigns, further amplifying the scale and lethality of operations in Gaza.
Beyond its role in conventional warfare, Boeing is a key contractor in the U.S. nuclear weapons program, maintaining and supporting the guidance systems for Minuteman III intercontinental ballistic missiles, which are central to the U.S. nuclear arsenal. This dual role—supplying both conventional and nuclear arsenals—places Boeing at the heart of global military-industrial power, with its products implicated in both genocide and the ongoing threat of nuclear escalation.
Case study: Joint Direct Attack Munitions used on Palestinians
- Deir al-Balah, Gaza
- Owner: Boeing
On 10 and 22 October 2023, two Israeli air strikes—using Boeing-manufactured Joint Direct Attack Munitions —killed 43 civilians, including 19 children, in Deir al-Balah, Gaza. Amnesty International’s forensic analysis confirmed Boeing’s JDAM fragments and manufacturing codes in the rubble of destroyed homes, where survivors reported no prior warning. The attacks, lacking any apparent military objective, obliterated families and left survivors in shock.
US-made weapons facilitated the mass killings of extended families
Funded: £66m
migrant abuse
controversial weapons
From nuclear weapons labs to migrant detention camps, Leidos operates at the sinister intersection of mass surveillance and militarised violence. The US defence giant co-manages the Y-12 National Security Complex—birthplace of the Hiroshima bomb’s uranium core—while simultaneously profiting from Britain’s escalating border regime. Its technologies power a dystopian vision of control: drones patrol coastlines, biometric databases track migrants indefinitely, and telecoms surveillance systems monitor entire communities under the guise of counterterrorism. In the UK, Leidos’ data collection and facial recognition systems turn borders into automated checkpoints, where human rights yield to algorithmic policing. Its central role in the UK’s Biometric Programme creates a permanent digital leash for migrants, enabling round-the-clock tracking under the guise of “efficiency.”
Funded: £54m
controversial weapons
Peraton is a U.S.-based national security and technology company, and in previous reports listed on the watchlist. By acquiring Northrop Grumman’s IT and Mission Support Services Business in February 2021, Peraton is now the recipient of a contract for Missile Applications Software Support to the Minuteman III systems and has replaced Northrop Grumman as one of the subcontractors in the management and operation of Sandia National Laboratory.
As a result of its acquisition of Northrop Grumman’s IT and Mission Support Services Business, Peraton is now the recipient of a $6.7 million contract for Missile Applications Software Support to the Minuteman III system, previously held by Northrop Grumman, and has replaced Northrop Grumman as one of the subcontractors in the management and operation of Sandia National Laboratory, with National Technology and Engineering Solutions of Sandia (NTESS) as primary contractor. Sandia National Laboratory is directly involved in the nuclear weapon modernisation programmes of at least the W88 Alt 37 warhead and the new W39/Mk7 program ((both used for arming the submarine launched Trident II (D5) missiles)), the W87-1 warhead for the U.S. Ground Based Strategic Deterrent, the W80-4 warheads for the Long Range Standoff missiles, and the new B61-12 gravity bomb. Peraton also holds a $360 million contract running until 2039 to provide Nuclear Safety Cross-Check Analysis (NSCCA) and Nuclear Safety Analysis and Technical Evaluation (NSATE) support for the Minuteman III.