Hall of Shame 2015 – Y

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The following financial institutions beginning with “Y” appear in the 2015 Don’t Bank on the Bomb Hall of Shame. For the full list, or to lookup financial institutions by country, please see here.

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Yes Bank (India) has made an estimated US$ 2 million available to the nuclear weapons companies listed in this report since January 2012.

Yes Bank (India) underwrote bond issuances for an estimated amount of US$ 2 million to the nuclear weapon companies since January 2012 (see table below).

Underwriting of bond issuances by Yes Bank

Company Total value
(US$ mln)		 Est. participation of this bank
(US$ mln)		 Issue date Maturity date
Larsen & Toubro 8 2 20-3-2014 27-3-2024

Source: Thomson ONE Banker, “Bond and share issue underwritings”, viewed in August 2015.
 

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Yes Bank invests your money in nuclear weapon producers. Tell them to divest!

Don’t Bank on the Bomb!

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On www.dontbankonthebomb.com I saw that you invest in nuclear weapons producers. I was shocked to read this, and I object to this, because you also invest my money and I don’t want to be associated in any way with the production of these weapons of mass destruction.

I have also learned that you can choose not to invest in nuclear weapon producers, and that more and more financial institutions already exclude any such company.

So take their good example, and divest!

With kind regards,

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About Maaike Beenes

Maaike Beenes works for the humanitarian disarmament program for PAX in the Netherlands. She researches investments by financial institutions in producers of controversial weapons, notably nuclear weapons and cluster munitions, and is co-author of the reports ‘Don’t Bank on the Bomb’ and ‘Worldwide Investments in Cluster Munitions’. As part of the Don’t Bank on the Bomb campaign of PAX and ICAN, she works together with campaigners around the world to hold banks and other investors accountable for their investments in nuclear and other controversial weapons. She was involved in the negotiations for the Treaty on the Prohibition on Nuclear Weapons on behalf of PAX and ICAN.