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Election 2024

SBI submits compliance affidavit in Electoral Bonds case, reveals unique codes

The Election Commission is expected to promptly release the data details, fulfilling the court's directive on the official EC website.

- New Delhi - UPDATED: March 21, 2024, 06:38 PM - 2 min read

Image for representative use.

SBI submits compliance affidavit in Electoral Bonds case, reveals unique codes

Image for representative use.


The State Bank of India (SBI) has reportedly filed a compliance affidavit in the electoral bonds case, disclosing all details linked to the bonds, including alpha-numeric numbers, as directed by the Supreme Court.

 

The Election Commission is expected to promptly release the data details, fulfilling the court's directive on the official EC website.

 

The apex court, headed by Chief Justice of India D Y Chandrachud, had demanded complete disclosure of details, including unique bond numbers revealing the connection between buyers and recipient political parties.

 

In response, SBI has submitted all pertinent information as mandated by the court, addressing concerns over transparency in electoral funding.

 

Previously, on March 11, SBI faced scrutiny from the court for seeking an extension until June 30 to disclose electoral bond details. However, the court demanded immediate compliance.

 

Following a reprimand from the Supreme Court last Friday for incomplete information disclosure, SBI has acted swiftly to rectify the situation. 

 

Senior advocate Harish Salve, representing SBI, assured the court of the bank's full cooperation in revealing all pertinent details.

 

In response to Salve's assurances, the court directed the chairman and managing director of SBI to file an affidavit by Thursday, March 21, confirming the complete disclosure of all electoral bond details in the bank's possession.

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