Electoral bonds info: SBI asks SC for time till June 30
Financial Express Mumbai|March 05, 2024
CALLING IT A "time-consuming exercise", State Bank of India (SBI) has approached the Supreme Court seeking extension till June 30 to submit details of purchase of electoral bonds to the Election Commission of India (ECI).
ANANTHAKRISHNAN G

The state-run lender cited "certain practical difficulties with the decoding exercise due to the stringent measures undertaken to ensure that the identity of the donors was kept anonymous".

In an application to the top court, which had directed it to furnish the details to ECI by March 6, SBI said it "intends to comply in full, with the directions issued" by the SC in its judgment striking down the Electoral Bonds Scheme. SBI is the only bank authorised to sell the bonds.

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