'Not in our Domain': RBI governor Shaktikanta Das on electoral bond issue

The Reserve Bank of India (RBI) governor Shaktikanta Das declined to comment on the electoral bond data and said that the matter is outside the scope of the central bank. During the post-police press conference, he said, “On electoral bonds, we have no comments. It’s a Supreme Court judgment, which has to be complied with and it’s in pursuance with judgment. State Bank of India has taken the required action. The issue of who has contributed more than its net worth is not in the domain of the RBI."

This comes after a five-judge bench of the Supreme Court together  struck down the electoral bond scheme as “unconstitutional” on February 15 saying that the scheme violated Article 19 of the Constitution by not disclosing details of funding. Following this, the Election Commission published detailed data on the electoral bonds provided by the State Bank of India. This also included alphanumeric number on each bond that links the donor to the recipient political party.

This came after the Supreme Court told SBI- the only bank dealing in the electoral bonds- to stop being selective and make a complete disclosure of all details by March 21 which includes the unique bond numbers which can match buyers with recipient political parties.