Election 2019

At Rs 670 crore, BSP has biggest bank balance among parties

The Bahujan Samaj Party (BSP) has the biggest bank balance among all parties, according to official records. The expenditure report submitted by BSP to the Election Commission on February 25 states that it has Rs 669 crore deposited in eight accounts in branches of public sector banks in the national capital region.

The party, which scored a blank in the 2014 Lok Sabha polls, has also declared Rs 95.54 lakh as cash in hand. The expenditure report is based on the details of the central kitties of parties. Samajwadi Party occupies the second slot with Rs 471 crore in its bank accounts. The party’s cash deposits dipped modestly after the recent assembly polls in Madhya Pradesh, Chhattisgarh, Rajasthan, and Telangana, coming down by Rs 11 crore.At ₹670cr, BSP has biggest bank balance among parties _TOI Congress takes the third spot with Rs 196 crore in the bank balance. However, this is based on the details the party submitted to the EC on November 2 last year after the conclusion of assembly polls in Karnataka. The party has not updated the details about its reserves after it won the state elections in Madhya Pradesh, Rajasthan, and Chhattisgarh.

BJP occupies the fifth position with a bank balance of Rs 82 crore3 and lags another regional outfit, Telugu Desam Party which has shown a deposit of Rs 107 crore.

The amount shown by BJP looks rather small considering that it is way ahead in mopping up contributions, including through electoral bonds. A possible explanation comes from the details it has submitted. The party has claimed to have spent Rs 758 crore — the largest expenditure by any party — of the Rs 1,027 crore it had raised in 2017-18.

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