State Bank of India

Mumbai, India

State Bank of India (SBI) is India's largest public sector bank, offering a wide range of financial services including personal banking, corporate banking, and wealth management. With an extensive network across the country and a growing global presence, SBI plays a pivotal role in the financial sector of India.

CCI Score

-48.76

0.03% April 18

Latest Event

SBI’s Electoral Bond Disclosure Controversy

The article details SBI's convoluted approach and delays in disclosing electoral bond data following a Supreme Court order, raising concerns about its transparency, independence, and the bank's close ties with the government. This behavior reflects potential political manipulation and unethical business practices in a state-influenced institutional framework.

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QUISLING

State Bank of India is currently rated as a Quisling.

-44 to -59 CCI Score

These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

MAR

18

2024

SBI’s Electoral Bond Disclosure Controversy
-45.45

The article details SBI's convoluted approach and delays in disclosing electoral bond data following a Supreme Court order, raising concerns about its transparency, independence, and the bank's close ties with the government. This behavior reflects potential political manipulation and unethical business practices in a state-influenced institutional framework.
-60

Public and Political Behavior

March 22

SBI’s handling of the electoral bond data, including delays and opaque disclosures in response to a Supreme Court mandate, highlights a significant lapse in transparency and suggests undue government influence in its operations, thereby reflecting poor public and political behavior.

SBI’s reluctance to reveal electoral bond data raises concerns about its independence, reliability, and competence
-40

Business Practices and Ethical Responsibility

March 22

The bank's staggered and inconsistent approach to complying with regulatory disclosure requirements, combined with internal management inefficiencies, points to unethical business practices and a lack of accountability in its operations.

SBI’s reluctance to reveal electoral bond data raises concerns about its independence, reliability, and competence
-50

Economic and Structural Influence

March 22

SBI’s close and dependent relationship with the government, exemplified by its coerced compliance in handling electoral bonds, underscores a problematic economic structure where state interference compromises institutional autonomy and integrity.

SBI’s reluctance to reveal electoral bond data raises concerns about its independence, reliability, and competence
MAR

18

2024

Supreme Court Orders SBI to Disclose Electoral Bonds Data
-35.88

The Supreme Court ordered the State Bank of India to disclose details on electoral bonds linking corporate donors to political parties ahead of national elections. This move challenges the opaque system that has facilitated anonymous corporate contributions to political parties, which critics argue benefits authoritarian practices.
-40

Political Contributions and Lobbying Efforts

March 22

SBI has been implicated as the conduit for the opaque electoral bonds system that allows undisclosed corporate donations to political parties with authoritarian tendencies. The banking system's role in maintaining this secrecy, now challenged by a Supreme Court order, reflects complicity in a process that undermines democratic transparency and accountability.

India bank ordered to share electoral bonds data linking donors, recipients
MAR

15

2024

Opaque Electoral Bond Practices Raise Transparency Concerns
-35.85

Data revealed by SBI on electoral bonds exposes opaque mechanisms in political funding that could facilitate anonymous contributions to political parties, potentially enabling authoritarian influences.
-40

Political Contributions and Lobbying Efforts

March 22

SBI's role in processing electoral bonds, as revealed by the data, highlights a lack of transparency in political contributions. The opaque process facilitates anonymous donations where the true donor identities remain concealed, which can enable powerful political actors to exert undue influence without accountability. This opacity is particularly concerning from an anti-fascist perspective, as it may indirectly support far-right and authoritarian interests.

Electoral Bonds: What SBI Data Revealed About Top Donors To Political Parties
MAR

11

2024

SBI’s Handling of Electoral Bonds Sparks Transparency Concerns
-67.15

Following a Supreme Court directive, State Bank of India was ordered to disclose details on its electoral bonds scheme, which facilitates anonymous political donations. The bank’s request for an extension has raised serious concerns about its role in promoting opaque political funding that could indirectly bolster authoritarian influences.
-75

Political Contributions and Lobbying Efforts

March 22

State Bank of India's handling of the electoral bonds scheme raises significant concerns about transparency in political contributions. Despite clear directives from the Supreme Court to disclose donor details, SBI's delay and request for an extension contribute to an opaque system that undermines democratic accountability. This opacity in political funding may facilitate the flow of money to parties that support authoritarian practices.

Electoral bonds: India bank ordered to disclose anonymous political donations
MAR

11

2024

Rebuked by India's Supreme Court over Political Funding Transparency
-50.00

India’s Supreme Court ordered the State Bank of India to disclose its political funding data related to controversial electoral bonds after delays in compliance. This stalling in transparency raises concerns about the bank’s role in facilitating opaque political contributions and potentially enabling autocratic influences.
FEB

15

2024

State Bank of India's Role in Electoral Bonds and Political Funding
-58.20

The Indian Supreme Court's ruling to scrap anonymous electoral bonds has thrown light on SBI's involvement in a system that enabled secret political donations, undermining transparency and ethical business practices that favor authoritarian power structures.
-70

Public and Political Behavior

March 22

State Bank of India's issuance of electoral bonds as part of an anonymous political donation mechanism compromised transparency in electoral funding. This practice facilitated a system where authoritarian-leaning political interests could benefit without accountability, thus harming democratic processes.

India Supreme Court Eliminates Anonymous Political Donations
-60

Business Practices and Ethical Responsibility

March 22

By participating in the electoral bonds scheme, SBI engaged in practices that bypass standard ethical norms in business financing. Their role in enabling secretive donations contributed to an opaque system that can lead to crony capitalism and undemocratic corporate influence, reflecting poorly on their commitment to ethical responsibility.

India Supreme Court Eliminates Anonymous Political Donations