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| March 5, 2024, 10:45 a.m.
SBI Seeks Extension to Submit Electoral Bond Details to Election Commission
The State Bank of India (SBI) has requested an extension until June 30 from the Supreme Court to provide details of Electoral Bonds to the Election Commission of India. SBI cited practical difficulties in decoding the bonds and matching donors' information due to measures ensuring donor anonymity. The Supreme Court had earlier ordered SBI to furnish details of political parties receiving Electoral Bonds since April 2019 by March 6. SBI emphasized the complex process involved in retrieving and matching data from different sources and requested more time to comply with the court's directive.
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