Electoral bonds case: 5 things SBI said in its compliance affidavit to Supreme Court

Electoral bonds case: SBI shared details of electoral bonds purchased and redeemed between April 12, 2019 to February 15, 2024.

Published on: Mar 13, 2024, 13:09:36 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

The State Bank of India on Tuesday had shared all details of electoral bonds with the Election Commission, which is set to publish them anytime before March 15, i.e Friday.

On Wednesday, India's biggest public lender submitted a compliance affidavit before the apex court, sharing details of the bonds purchased and redeemed between April 1, 2019 and February 15 this year.

The Supreme Court submitted all details of electoral bond data as directed by the Election Commission. (PTI)

Here are 5 things that SBI stated in its compliance affidavit:

The SBI said that as per the directions of the Supreme Court, it had prepared records in which the date of purchasem denomination and name of buyer were recorded, and (in relation to the political parties) the date of encashment and the denominations of the bonds encashed were recorded. This record was made available to the Election Commission of India (ECI) by hand delivering in digital form (password protected).

2. The lender said that the data was furnished on the electoral bonds purchased and redeemed between April 12, 2019 to February 15, 2024.

3. A total of 22,217 bonds were purchased during the period April 1, 2019 till February 15, 2024. On the other hand, 22,030 bonds were redeemed during this period.

4. Out of these 22,217 electoral bonds, as many as 3,346 bonds were bought between April 1, 2019 and April 11, 2019. A total of 1,609 bonds were redeemed during this period.

5. Between April 12, 2019 to February 15, 2024, a total of 18,871 bonds were purchased and 20,421 bonds were redeemed.

What made SBI share details of electoral bonds with ECI?

On February 15, the Supreme Court had struck down electoral bonds as ‘unconstitutional’, asking SBI to stop issuing them immediately. “SBI shall submit details of electoral bonds purchased since April 12, 2019 till date to Election Commission," the top court bench headed by Chief Justice DY Chandrachud had ruled.

The SBI had sought extension till June 30, but the apex court on March 11 rejected its plea and asked it to furnish the details by Tuesday, which the lender complied with.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.