SBI wants time till June 30 to 'decode' and disclose electoral bond details
The plea argued that "decoding" the electoral bonds and matching donors to the donations made would be a difficult process because of the strict measures put in place to guarantee that the donors' identities remained anonymous
The Supreme Court received a motion from State Bank of India Monday, requesting an extension until June 30 for the disclosure of information regarding each electoral bond that political parties have cashed.
State Bank of India (SBI) argued in an application before the top court that it would take a lot of time to retrieve information from “each silo” and match the information from one silo to the other.
The plea argued that “decoding” the electoral bonds and matching donors to the donations made would be a difficult process because of the strict measures put in place to guarantee that the donors’ identities remained anonymous.