Supreme Court Orders Closure of Electoral Bond Scheme
State Bank of India complies with the Supreme Court's directive by submitting electoral bonds data to the Election Commission.
- SBI has submitted all data on Electoral Bonds to the Election Commission of India following the Supreme Court's directive.
- The Supreme Court of India had previously declared the electoral bond scheme unconstitutional and ordered the closure of the scheme.
- SBI was the only authorized financial institution under the electoral bond scheme, which allowed anonymous donations to political parties.
- The Supreme Court had directed SBI to disclose details of electoral bonds by March 12, rejecting SBI's request for an extension.
- The Election Commission of India is ordered to publish details of electoral bonds on its website by March 15.
NDTV 