SBI Seeks Time to Give Details About Electoral Bonds

SBI seeks time to give details about electoral bonds and moves supreme court, seeks more time to furnish electoral bond details : Citing operational difficulty, State Bank of India has moved the Supreme Court for extending the date to submit details of electoral bonds till June 30, 2024. Earlier, the Court had asked the bank to submit the details by March 6, while quashing the scheme.

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In an application, the bank said details of purchases made at the branches are not maintained centrally at any one place. The data related to the issuance of the bond and the data related to the redemption of the bond was kept recorded in two different silos. “No central database was maintained. This was done so as to ensure that donors’ anonymity would be protected,” the bank said.