Brief by Shorts91 Newsdesk / 06:05am on 07 Mar 2024,Thursday India
The State Bank of India (SBI) has requested an extension from the Supreme Court to submit details on electoral bonds to the Election Commission, seeking a deadline extension from March 6 to June 30. The SBI cites the challenge of decoding 44,434 information sets due to the issuance of 22,217 electoral bonds between April 2019 and February 2024. This move raises concerns about the government compromising financial systems for political gains, as it proceeded with electoral bonds despite objections from the Reserve Bank of India, which initially recommended only its Mumbai office issue the bonds.
