RBI didn’t object to electoral bonds through SBI: FM

Finance Minister Nirmala Sitharaman here on Tuesday said the Reserve Bank of India (RBI) didn”t have any objections to the issuance of electoral bonds through the State Bank of India (SBI).

Replying to a supplementary during the Question Hour in the Rajya Sabha, the Finance Minister said the RBI being a stakeholder was involved in extensive consultations with the government, starting from the stage of its conceptualisation.

“During the consultation process, it had questions about the particular platform for its issuance,” Sitharaman said. The RBI”s committee of the central board (CCB) at its October 11, 2017 meeting had indirectly agreed to issue of electoral bonds, if it was to be done by the SBI, she added.

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