Brief by Shorts91 Newsdesk / 05:56am on 12 Mar 2024,Tuesday India
The State Bank of India (SBI) is reportedly prepared with details of electoral bonds as ordered by the Supreme Court, due by close of business today. Chastised by the apex court, SBI faces warnings of "wilful disobedience" if it fails to comply. The bank assures readiness, emphasizing data mapping to prevent discrepancies and highlighting the loss of anonymity for bond purchasers. The court had previously scrapped the electoral bonds scheme, demanding transparency in political funding. SBI's compliance with the deadline and disclosure to the Election Commission awaits verification.
