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The Latest Breaking News from the State Bank of India

After SC verdict, why were over 8,000 electoral bonds still printed?

In February 2024, the Ministry of Finance ordered the State Bank of India to stop the printing of electoral bonds. This was 12 days after the Supreme Court declared the scheme unconstitutional.

Newslaundry

Electoral bonds linked to project clearances by BRS government in Telangana

Electoral bonds purchase and encashment by then ruling Bharat Rashtra Samithi in Telangana seemed to be closely linked to award of contracts and opening of new units by donor companies

The Hindu

Electoral bonds vs Electoral Trusts | What are they and how do they differ?

Supreme Court directive reveals electoral bond scheme details, exposing massive BJP funding edge via trusts and bonds.

The Hindu

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Electoral Bonds data | Firms from Telangana, A.P. loosened purse strings for multiple political parties

Companies in Hyderabad purchased electoral bonds for various political parties, revealing significant donations and recipients in Telangana and Andhra Pradesh.

The Hindu

EC publishes electoral bond details, including alpha-numeric bond numbers

The Election Commission on March 21 made public a fresh data set of electoral bonds, including their alpha-numeric numbers that can help match their purchasers with the political parties that received the funds.

The Hindu

Provided all details of electoral bonds to Election Commission: SBI tells SC

The State Bank of India told the Supreme Court on Thursday it has provided all details of the electoral bonds in its possession to the Election Commission. Read further on Dynamite News:

Dynamite News

SBI can't be selective, has to disclose electoral bond numbers: SC

The Supreme Court on Monday said the State Bank of India (SBI) can't be selective and has to disclose all "conceivable" electoral bond details in its possession, including unique bond numbers that would disclose the link between the buyer and the recipient political party. Read further on Dynamite News:

Dynamite News

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As some parties do not disclose donors, SC had sought their ‘detailed particulars’ in April 2019 order

Election Commission data reveals political parties failed to disclose donor identities in electoral bonds, sparking Supreme Court debate.

The Hindu

Electoral bonds | Congress demands SC monitored probe into donations to BJP by companies raided by I-T and ED

Data the electoral bonds was released by the State Bank of India and published by the Election Commission of India on March 14 following an order by the Supreme Court.

The Hindu

"Na khaunga, na khane dunga'": Kipal Sibal takes dig at PM over electoral bonds data

Rajya Sabha MP Kapil Sibal Friday launched a veiled attack on Prime Minister Narendra Modi a day after the Election Commission published the electoral bonds data shared by the State Bank of India on the orders of the Supreme Court. Read further on Dynamite News:

Dynamite News

Electoral bonds: SC issues notice to SBI, says bond numbers not disclosed

The Supreme Court said on Friday that the State Bank of India (SBI) should have disclosed the unique alpha-numeric numbers of the electoral bonds received by political parties and sought the bank's response. Read further on Dynamite News:

Dynamite News

"SIT should be constituted to probe the matter," Kapil Sibal on electoral bonds

A day after the Election Commission published the electoral bonds data shared by the State Bank of India, Rajya Sabha MP Kapil Sibal on Friday said that the court should constitute a Special Investigation Team (SIT) to probe the matter. Read further on Dynamite News:

Dynamite News

Why did SBI not give ECI electoral bonds’ numbers to be made public, SC asks

Future Gaming and Hotel Services PR, whose managing director is the well known lottery magnate Santiago Martin, was the single largest donor to political parties between April 12, 2019 and January 24, 2024, according to the electoral bonds data released by the State Bank of India

The Hindu

Electoral bonds data | Future Gaming and Hotel Services purchased ₹1,368 crore worth electoral bonds, most among firms

Future Gaming and Hotel Services PR, led by Santiago Martin, tops political party donations with Rs 1,368 crore in electoral bonds.

The Hindu

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The Hindu

Electoral bonds data | 22 companies donated over ₹100 crore, BJP got highest share

Election Commission of India releases electoral bond data from SBI as per Supreme Court order.

The Hindu

SBI sends electoral bonds details to Election Commission

SBI complies with Supreme Court order, submits electoral bond details to EC for transparency in political funding.

The Hindu

Names and bonds: On electoral bonds scheme, the Supreme Court, and the State Bank of India

In rejecting the State Bank of India’s application for time in data on the electoral bonds scheme, the Supreme Court has sent a message that it will not brook any further delay

The Hindu

Letters to The Editor — March 9, 2024

Readers’ letters to The Hindu’s Letters to The Editor

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The Hindu

Dubious response: On the State Bank of India and the Electoral Bond scheme

The Supreme Court must compel the State Bank of India to furnish the information on the Electoral Bond scheme well before the general election

The Hindu

Electoral bonds: Congress protests against SBI’s plea for more time

Condemning the extension sought by the State Bank of India in the Supreme Court for submitting details of the electoral bonds issued, the Congress members staged a protest at various places across the district on Thursday

Newslaundry

‘Wilfully disobeyed’ SC directions: Contempt plea against SBI over electoral bonds

A contempt petition has been filed in the Supreme Court against the State Bank of India after it reportedly missed the March 6 deadline to disclose information about electoral bonds purchased and encashed since 2019, LiveLaw reported.

The Hindu

Electoral bonds scheme | Modi government using SBI as a “shield” to hide dubious deals: Kharge

The Congress on March 5 attacked the Centre over the State Bank of India (SBI) moving the Supreme Court to seek more time to disclose electoral bond details, alleging that the Modi government is using the largest bank of the country as a shield to hide its “dubious dealings”.

Newslaundry

From quid pro quo to proportionality: 5 takeaways from the electoral bonds verdict

The Supreme Court has struck down the Narendra Modi government’s electoral bonds scheme as “unconstitutional” in two separate judgments. It has asked the State Bank of India to submit the details of these bonds to the Election Commission of India which should publish it on its website by March 31.

Al Jazeera

What are India’s electoral bonds, the secret donations powering Modi’s BJP?

India’s top court has declared them illegal. The decision could shape the world’s biggest election.

Dynamite News

Delhi court rejects bank's suit for recovery against a dead man

A Delhi court rejected the suit for recovery filed by the State Bank of India (SBI) against a person who had already passed away two years prior to filing the suit. Read further on Dynamite News:

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