Chairman of State Bank of India (SBI) files an affidavit in the Supreme Court apprising that in compliance of the top court’s order, date of purchase of each Electoral Bond, the name of the purchaser and the denomination of the Electoral Bond purchased has been furnished to the Election Commission of India.
The bank has also furnished the detail to the Election Commission regarding the date of encashment of the Electoral Bonds, the name of political parties who have received the contributions and the denomination of the said bonds, affidavit states.
SBI says that the data has been furnished in respect of bonds purchased and redeemed between April 12, 2019 to February 15, 2024.
From April 1 to 11, 2019 total number of Electoral Bonds purchased was 3346 and a total number of bonds redeemed was 1609, SBI states in its affidavit. SBI further tells Supreme Court that from April 12, 2019 to February 15, 2024 total number of Electoral Bonds purchased was 18,871 and the total number of bonds redeemed was 20,421.
“The SBI has ready records in which the date of purchase, denomination and name of buyer were recorded, and (in relation to the political parties) the date of encashment and the denomination of the bonds encashed were recorded,” the letter stated.
SC On Electoral Bonds
Supreme Court dismissed SBI’s plea for extension Of time for furnishing electoral bonds details and directed disclosure by March 12.
Supreme Court’s A five-judge Constitution bench dismissed the State Bank of India’s plea seeking extension to disclose Electoral Bond details by June 30. The SC asked SBI to provide details by March 12 in hearing on 11th March.
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