sbi-submits-elecotral-bond-data-to-election-commission-of-india

On Tuesday, the State Bank of India (SBI) submitted comprehensive information about Electoral Bonds to the Election Commission of India.

 

The Supreme Court, on March 12, reprimanded the SBI and mandated the disclosure of details regarding electoral bonds redeemed by political parties to the Election Commission by the end of business hours on the same day.

 

The court cautioned the largest public sector lender in the country that it could face consequences for "wilful disobedience" if it failed to adhere to the specified directions and deadlines.

 

Chief Justice D Y Chandrachud, leading a five-judge constitution bench, dismissed the SBI's plea for an extension until June 30 to reveal the details. Additionally, the court directed the Election Commission to publish the information provided by the bank on its official website by 5 p.m. on March 15.