New Delhi: Rigid SBI refuses to disclose details under RTI

New Delhi : The State Bank of India (SBI) has refused to disclose under the RTI Act the details of the electoral bonds furnished to the Election Commission (EC), claiming that it is personal information held in a fiduciary capacity, even though the records are in the public domain on the poll panel's website.

Holding that the electoral bonds scheme was "unconstitutional and manifestly arbitrary", the Supreme Court directed the SBI on February 15 to furnish the complete details of the bonds purchased since April 12, 2019 to the EC, which would publish the information on its website by March 13.

On March 11, the court dismissed the SBI's petition seeking an extension of the deadline and ordered it to disclose the details of the electoral bonds to the EC by the close of business hours on March 12. RTI activist Commodore Lokesh Batra (retired) approached the SBI on March 13 seeking the complete data of the electoral bonds in the digital form, as provided to the EC after the Supreme Court's order.

Batra had also sought the details of the fees paid by the SBI to senior advocate Harish Salve to defend its case against the disclosure of the electoral bonds' records, citing that the records are held in a fiduciary capacity and the information is personal in nature.

A five-judge bench headed by Chief Justice D Y Chandrachud said it had directed the disclosure of all the details of the bonds, including the names of the purchasers, amounts and dates of purchase. All details have to be furnished by the SBI, the CJI observed, as the court admonished the bank for furnishing incomplete information, a day after the EC put out the entire list of entities that purchased the bonds for making political donations. The SBI had said a total of 22,217 electoral bonds of varying denominations were purchased by the donors between April 1, 2019 and February 15 this year, of which 22,030 were redeemed by political parties.