Shares of SBI fell 2.2% to an intraday low of Rs 743 after it submitted a compliance affidavit with the Supreme Court regarding data shares with the election commission on electoral bonds. The affidavit said that 22,217 electoral bonds were purchased between April 2023 to February 24, out of which the political parties redeemed 22,030 bonds. The bank submitted the affidavit a day after it shared data on electoral bonds with the election commission.
The Supreme Court in its ruling has asked the election commission to collate and publish electoral bonds’ data in a public forum through its website by March 15.
The data on electoral bonds was handed over to the commission in a pen drive with two PDFs protected with passwords, which were given in a separate envelope.
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On February 15, the Supreme Court scrapped the electoral bonds scheme calling it “unconstitutional”.
In the last five days, this large-cap stock has fallen more than 4.5% but has risen 25% in the past six months. The stock gave a return of over 40% in the last year and 150% in the past five years.
To compare, the sectoral index Nifty PSU Bank has fallen over 8% in the last five days and, similarly, has risen around 34% in the past six months. It has risen 79% in the last year and given a return of over 116% in the past five years.