SBI shares fall over 2% as it complies with Supreme Court orders; Read to know more
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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