New Delhi: The State Bank of India (SBI) announced on Thursday that it has shared all pertinent information regarding the electoral bond scheme with the Election Commission of India (ECI).
This step was taken in adherence to a directive issued by the Supreme Court earlier in the week, mandating the SBI to furnish this information.
Each electoral bond is assigned a unique number, establishing a link between the purchaser and the party that ultimately cashed it.
However, the SBI has made a decision not to reveal the Know Your Customer (KYC) details of political parties and donors due to cybersecurity concerns. Likewise, complete account numbers have not been shared for security reasons.
Aside from these specific exclusions, all other pertinent information has been made available by the SBI as outlined in their compliance affidavit released on Thursday.
The affidavit confirms that the SBI has adhered to the court’s directives from February 15 and March 18, 2024, ensuring the provision of all necessary details except for complete account numbers and KYC details.
During a special hearing earlier this week, Chief Justice of India D.Y. Chandrachud, leading a five-judge Constitution Bench, raised questions regarding the non-disclosure of unique bond numbers.
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