For SBI, A Supreme Court Warning Over "Wilful Disobedience" | Read
The Supreme Court on Monday came down strongly on the State Bank of India for "wilful disobedience" of last month's order - that data about donors and recipients of electoral bonds be released by March 6.
In a significant development, the court warned SBI of contempt proceedings if it failed to release this data by close of business tomorrow. The court also directed the Chairman and Managing Director of SBI - India's largest bank, with a 23 per cent market share - to file an affidavit after compliance.
In a significant development, the court warned SBI of contempt proceedings if it failed to release this data by close of business tomorrow. The court also directed the Chairman and Managing Director of SBI - India's largest bank, with a 23 per cent market share - to file an affidavit after compliance.
