Supreme Court Pulls Up SBI for Non-disclosure of Electoral Bond Donor Details

The Supreme Court criticized the State Bank of India (SBI) for non-compliance with its order to disclose electoral bond donor details to the Election Commission of India (EC) by March 6. The court expressed displeasure, emphasizing that the SBI only needed to open sealed covers, compile details, and provide the information to the Election Commission. The issue of transparency and disclosure regarding electoral bonds has been a subject of legal scrutiny, with concerns raised about potential misuse of the system. The court’s directive emphasizes the importance of adhering to transparency norms in political funding and electoral processes.