DelhiDesk: State Bank of India (SBI) has fallen behind other banks in purchasing goods and services from the government GeM portal in the last financial year 2022-23. Canara Bank led the purchases with Rs 592.82 crore, followed by Punjab National Bank (PNB) with Rs 164.57 crore. SBI came in fourth place with purchases worth Rs 158.22 crore. The GeM portal was launched in 2016 for online procurement of goods and services by all Ministries and Departments of the Central Government.
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👉 State Bank of India (SBI) has lagged behind Canara Bank and Punjab National Bank (PNB) in purchasing goods and services from the government GeM portal in the last financial year 2022-23.
👉 Canara Bank has been at the forefront of purchases from the GeM portal in 2022-23, making purchases worth Rs 592.82 crore through this portal.
👉 PNB is at the second position with procurement of Rs 164.57 crore, followed by Indian Overseas Bank (Rs 159.82 crore), SBI (Rs 158.22 crore), Indian Bank (Rs 111.59 crore), and Bank of India (Rs 63.81 crore).
👉 Bank of Baroda made purchases worth Rs 48.63 crore through the GeM portal, followed by Union Bank of India (Rs 37.03 crore), Bank of Maharashtra (Rs 10.26 crore), Punjab and Sind Bank (Rs 9.98 crore), UCO Bank (Rs 5.30 crore), and Central Bank of India (Rs 4.54 crore).
👉 The GeM portal was launched on August 9, 2016 for online procurement of goods and services by all Ministries and Departments of the Central Government.
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