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

India’s largest lender SBI was fairly sluggish in procuring items and providers from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, together with Canara Financial institution and Punjab Nationwide Financial institution, in keeping with the federal government knowledge. Canara Financial institution emerged as the most important purchaser among the many state-owned lenders in 2022-23, making complete purchases of Rs 592.82 crore from the portal, the information confirmed.

Punjab Nationwide Financial institution (Rs 164.57 crore) was the second largest, adopted by Indian Abroad Financial institution (Rs 159.82 crore), State Financial institution of India (Rs 158.22 crore), Indian Financial institution (Rs 111.59 crore), Financial institution of India (Rs 63.81 crore), Financial institution of Baroda (Rs 48.63 crore), Union Financial institution of India (Rs 37.03 crore), Financial institution of Maharashtra (Rs 10.26 crore), Punjab and Sind Financial institution (Rs 9.98 crore), UCO Financial institution (Rs 5.30 crore) and Central Financial institution of India (Rs 4.54 crore) in 2022-23.

The SBI didn’t reply to an electronic mail question on the topic.

The GeM portal was launched on August 9, 2016, for on-line buying of products and providers by all of the central authorities ministries and departments.

GeM has over 63,000 authorities purchaser organisations, over 6 crore sellers and repair suppliers providing a variety of services.

Presently, authorities departments, ministries, public sector items, state governments, and central armed police forces are allowed to hold out transactions by means of this portal. The portal offers a variety of merchandise from workplace stationery to autos.

Cars, computer systems and workplace furnishings are a number of the main product classes. Providers, together with transportation, logistics, waste administration, net casting and analytical, are additionally listed on the portal.