![[Electoral Bond Data] SBI Refuses to Disclose Data Under RTI Act](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/04/MicrosoftTeams-image-23.png?resize=447%2C269&ssl=1)
On Wednesday (10th April): The State Bank of India (SBI) refused to disclose electoral bond data under the RTI Act, citing exemptions related to fiduciary capacity and public interest. This refusal, including the denial of information about the payment to lawyer Harish Salve, has raised concerns about transparency and accountability, undermining democratic principles and public interest. The case may reflect future changes in RTI Act exemptions under the upcoming Digital Personal Data Protection Act, 2023.
Today (27th March): Former Finance Secretary Subhash Garg criticized the State Bank of India for compromising the anonymity of electoral bond purchases. He highlighted that the recording of alphanumeric codes goes against the scheme’s intent. The Supreme Court’s involvement revealed connections between bond buyers and political parties, leading to doubts about transparency. Garg urges the Election Commission of India to ensure complete transparency.