SBI submits electoral bond details to Election Commission following SC dismissal

On Tuesday, the State Bank of India (SBI) submitted comprehensive data about electoral bonds in accordance with the Election Commission’s directives. This move follows the Supreme Court’s denial of the bank’s request for an extension on the disclosure of electoral bond details.

Chief Justice D Y Chandrachud’s top court denied SBI’s plea for an extension until June 30th to release election bond details. The Election Commission was also ordered by the court to immediately post the supplied material on its official website by March 15 at 5 p.m.

The court’s decision to deny SBI’s plea was based on its earlier ruling on February 15th, which deemed the electoral bonds scheme as a violation of freedom of speech and expression under Article 19(1)(a) of the Constitution. Consequently, the court directed SBI to halt issuing electoral bonds and mandated the submission of details to the poll panel by March 6th.