SBI Gives Entire Electoral Bonds Data To ECI, Submits Compliance Affidavit In Supreme Court

The State Bank Of India on Thursday furnished the entire electoral bonds data to the Election Commission Of India (ECI) as directed by the Supreme Court. The SBI chairman Dinesh Kumar Khara has also submitted a compliance affidavit in the top court saying that it has furnished all the required details by the court.

According to his submission the prefix and bond number are alpha-numeric numbers. The SBI chairman in his compliance affidavit has said that the details furnished to the ECI includes details of purchaser including there name, date of purchase and denomination of the bond and issue branch code.

He further said that complete KYC and bank account numbers are not being made public as it may compromise the security of the account.

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Except for bank account details of political parties and purchasers, all data has been submitted to the Election Commission Of India (ECI). He submitted in the court that these details are not necessary for identifying the political parties. The SBI chairman said that a pendrive containing two PDFs has been handed over to the ECI.

One PDF contains details of purchase of EBs and seconds contains details of political parties who have encashed these bonds.The Supreme Court on Monday directed SBI to disclose all details of electoral bonds purchased and redeemed after the April 2019 interim order by the top court.It further asked SBI to file a compliance affidavit by Thursday.

A five-judge constitution bench was again constituted to hear the case pertaining to complete disclosure of details of Electoral Bonds by SBI.

"There is no manner of doubt that SBI is required to give complete disclosure. This includes alpha-numeric numbers and serial numbers of the bonds purchased," the bench said in its order.

The bench had directed the SBI Chairman to file a compliance affidavit by 5 PM On Thursday stating that SBI has disclosed all details. And the ECI has to upload all details on communication by the SBI.