22,217 electoral bonds were bought from 2019-24, of which 22,030 were redeemed, according to SBI
Electoral bonds: SBI has issued electoral bonds worth Rs 16,518 crore in 30 tranches since the inception of the scheme in 2018
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SBI shared the data with the EC on March 12, following a Supreme Court directive, which allowed the EC until 5 PM on March 15 to upload the information on its website
The Supreme Court granted the EC's request for the unique identification numbers that will help link donors to the donations made to political parties under the now-scrapped electoral bond scheme
The ruling party received Rs 6,060 crore in electoral bonds, constituting 47% of the total donations, followed by TMC Rs 1,609.50 crore (12.6%) and Congress Rs 1,421.9 crore (11.1%)
Electoral bonds: Santiago Martin's company, Future Gaming and Hotel Services, purchased electoral bonds worth Rs 1,368 crore between April 2019 and January 2024
UPI payments on the Paytm app will likely redirected to SBI, HDFC Bank, Axis Bank, and Yes Bank for settlement, if Paytm Payments Bank operations cease after March 15
'22,217 electoral bonds purchased, 22,030 redeemed between April 1, 2019, and February 15, 2024'
The Election Commission has received details from the State Bank of India (SBI) related to the electoral bonds and will share all relevant information in time, Chief Election Commissioner Rajiv Kumar said here on Wednesday. The assertion comes in the wake of the Supreme Court directing the SBI to submit the details of the electoral bonds purchased since April 12, 2019 to the EC. SBI is the authorised financial institution to issue the electoral bonds. "The SBI was supposed to submit the data by March 12. They have given to us the details in time. I will go back and look at the data (and) would definitely disclose it in time," Kumar told reporters here. Kumar reached here on Wednesday to review preparations for the upcoming Lok Sabha elections in the Union Territory of Jammu and Kashmir. "We are ready for the 2024 Lok Sabha election. We will ensure free and fair elections across the country. We request voters across the country including Jammu and Kashmir to enthusiastically take p
State Bank of India (SBI) on Tuesday evening submitted details of electoral bonds to the Election Commission of India in compliance with the Supreme Court order. The Supreme Court on Monday ordered SBI to disclose the details of electoral bonds to the Election Commission by close of business hours on March 12. As per the order, the Election Commission will have to publish the details shared by the bank on its official website by 5 pm on March 15. According to sources, SBI has complied with the orders of the apex court and submitted the details of the electoral bonds to the Election Commission. The SBI has issued Electoral Bonds worth Rs 16,518 crore in 30 tranches since the inception of the scheme in 2018. The Supreme Court, however, in a landmark verdict on February 15 scrapped the Centre's electoral bonds scheme that allowed anonymous political funding, calling it "unconstitutional" and ordered disclosure by the EC of donors, the amount donated by them and recipients. SBI had s
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Directs ECI to publish details shared by bank on website on March 15
SC rightly denies SBI an extension on electoral bonds
The bank has been asked to divulge the details of electoral bonds by March 12
SBI was asked to disclose details of electoral bonds encashed by political parties by the Supreme Court from April 2019, by March 13. The bank sought an extension till June 30
'The government in power does not want the names to be declared before the election is over. It is as simple as that,' Sibal said
The Supreme Court will on Monday hear the application filed by the State Bank of India (SBI) seeking extension till June 30 to disclose details of each electoral bond encashed by political parties before the scheme was scrapped last month. A five-judge Constitution bench headed by Chief Justice DY Chandrachud will also hear a separate plea, which has sought initiation of contempt action against the SBI alleging, it "wilfully and deliberately" disobeyed the apex court's direction to submit details of the contributions made to political parties through electoral bonds to the Election Commission by March 6. The apex court bench, also comprising justices Sanjiv Khanna, B R Gavai, J B Pardiwala, and Manoj Misra, will assemble at 10.30 am to hear the two petitions. In a landmark verdict delivered on February 15, a five-judge constitution bench scrapped the Centre's electoral bonds scheme that allowed anonymous political funding, calling it "unconstitutional" and ordered disclosure by the
The Association for Democratic Reforms (ADR) has filed a contempt petition in the Supreme Court against the State Bank of India for not complying with the top court's direction
While analysts do not see a specific tailwind that can cause a re-rating in the short term, they see headroom for outperformance in long-term