SBI complies with SC order, gives EC alphanumerical data on electoral bonds

The State Bank of India on Thursday filed a compliance affidavit with the Supreme Court, confirming that it has furnished all details regarding electoral bonds to the Election Commission.

CMD Dinesh Khara in the affidavit said that SBI has provided all details of electoral bonds that it has in its possessions to the EC on March 21.

The KYC details of donors have not been made public for security reasons, SBI said. "No other details other than complete account numbers & KYC witheld from disclosure in terms of SC order," the affdiavit read.


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An SC bench comprising Chief Justice of India DY Chandrachud asked SBI to stop being "selective" and make "complete disclosure" of all details related to the electoral bonds scheme by March 21.

The bench, also comprising Justice Sanjiv Khanna, Justice B R Gavai, Justice J B Pardiwala and Justice Manoj Misra, said the Election Commission shall forthwith upload on its website the details received from the SBI.

A five-judge constitution bench through its February 14 judgment had struck down the electoral bonds scheme as it was "unconstitutional". Further, it asked for the disclosure by the Election Commission of donors, the amount donated by them and the recipients by March 13.

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The SBI, which requested an extension until June 30 to reveal electoral bond details, was questioned by the SC on March 11 about the actions taken by SBI to adhere to its directives.

Last Friday, the SC admonished SBI for furnishing incomplete information and issued a notice to the bank to explain the reasons for the non-disclosure of unique alphanumeric numbers.