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SBI slow in procurement from GeM portal; lags behind smaller counterparts in 2022-23

Project-Your-State-sbi-slow-in-procurement-from-gem-portal-lags-behind-smaller-counterparts-in-2022-23

Published 06 Jun, 2023

By Staff Reporter

India's largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara Bank and Punjab National Bank, according to the government data.

Canara Bank emerged as the largest buyer among the state-owned lenders in 2022-23, making total purchases of Rs 592.82 crore from the portal, the data showed.



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