SC :What has to be analysed is whether SBI is justified in seeking an extension of time. SBI seeks an extension of time on the ground that the process of "decoding the electoral bonds and matching the donors to donations" is a complex and time consuming exercise.

To substantiate, SBI has averred that; (a) information is not available in a digital format; (b) Clause 7.1.2 of SOP stipulates that "no details of bond purchaser including KYC and other details will be entered in the core banking system".