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The country’s largest lender State Bank of India (SBI) has lagged behind other banks such as Canara Bank and Punjab National Bank (PNB) in terms of procurement of goods and services from the government GeM portal in the last financial year 2022-23.
Government data shows that Canara Bank has been at the forefront of purchases from the GeM portal in 2022-23. In the last financial year, Canara Bank has made purchases worth Rs 592.82 crore through this portal.
PNB is at the second position with procurement of Rs 164.57 crore. After this comes the number of Indian Overseas Bank (Rs 159.82 crore), SBI (Rs 158.22 crore), Indian Bank (Rs 111.59 crore), Bank of India (Rs 63.81 crore).
In the last financial year, Bank of Baroda made purchases worth Rs 48.63 crore through the GeM portal. It was 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). Stayed. An e-mail sent to SBI in this regard did not elicit any response.
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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