Sale of electoral bonds skyrockets by 62% ahead of Lok Sabha Elections 2019
SBI says sold electoral bonds worth ₹1,716.05 crore so far in 2019, as against ₹1,056 crore in 2018
The sale of electoral bonds opens in SBI branches when finance ministry issues notification for the same
New Delhi: The sale of electoral bonds has skyrocketed ahead of Lok Sabha Elections 2019 by 62% as compared to last year with State Bank of India (SBI) selling bonds worth more than ₹1,700 crore, an RTI reply shows. In an RTI response to Pune-based Vihar Durve, SBI said that in 2018, it had sold bonds worth ₹1,056.73 crore in March, April, May, July, October and November. This year, in January and March, the bank has sold electoral bonds worth ₹1,716.05 crore.