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SBI submits compliance affidavit in Electoral Bonds case

  • SBI files compliance affidavit in electoral bonds case 
  • Data reveals 3,346 electoral bonds purchased and 1,609 redeemed between April 1-11, 2019
  • From April 12, 2019, to February 15, 2024, 18,871 electoral bonds purchased and 20,421 redeemed, as per SBI data

13 Mar 2024

SBI submits compliance affidavit in Electoral Bonds case

The State Bank of India (SBI) has filed a compliance affidavit in the electoral bonds case before the Supreme Court, following the submission of electoral bonds data to the Election Commission as per the court's directive. In the affidavit filed on Wednesday, SBI disclosed details of electoral bonds purchased and redeemed until February 15, 2024, as per the court's instructions.

According to the data provided by SBI, a total of 3,346 electoral bonds were purchased between April 1, 2019, and April 11, 2019, with 1,609 bonds being redeemed during the same period. Additionally, from April 12, 2019, to February 15, 2024, a total of 18,871 electoral bonds were purchased, with 20,421 bonds being redeemed, as per the SBI data. The electoral bonds data, submitted to the Election Commission in a pen drive with password-protected PDF files, came after the Supreme Court dismissed SBI's plea for an extension till June 30 and emphasized prompt compliance.

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