THE STATE BANK of India (SBI) may be restrained by the banking laws in disclosing the details of the now scrapped electoral bonds, including the names of the purchasers and the value of the subscriptions."As per banking laws, certain customer details can't be revealed (in the interest of privacy of the customers)...(revealing such details) will be a breach of law and trust," a source familiar with the developments said.
On Thursday, the Supreme Court termed the Electoral Bonds Scheme unconstitutional and asked SBI, which issued such bonds to political donors, to submit details of such bonds purchased since the interim order of the court on April 12, 2019, till date to the Election Commission of India (ECI). "The details shall include the date of purchase of each Electoral Bond, the name of the purchaser of the bond and the denomination of the Electoral Bond purchased," the SC said.
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