Key Points
The State Bank of India (SBI) has submitted the details of electoral bonds to Election Commission of India, PTI reported citing sources..
After the scheme was closed, apex court had directed SBI to submit the docs by March 6 with all the details of the electoral bonds purchased since April 12, 2019 till date to the Election Commission...
On Monday, the apex court dismissed SBI's request to extend the March 6 deadline to submit the data and ordered it to divulge all the details of bonds with the Election Commission by close of business hours on March 12...
While dismissing SBI's plea, the top court had ruled, in view of the above discussion, the miscellaneous application filed by SBI seeking an extension of time for the disclosure of details of the purchase and redemption of electoral bonds until June 30, 2024, is dismissed...
Electoral bonds were to be redeemed exclusively by an eligible political party through an authorised bank account, and the State Bank of India (SBI) is the sole authorised bank for issuing these bonds...
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