2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Among the state-owned lenders, which bank emerged as the largest buyer from the GeM portal in 2022-23?
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Bank of Baroda
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State Bank of India
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Canara Bank
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Yes Bank
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Explanation:
Detailed explanation-1: -Among the state-owned lenders, which bank emerged as the largest buyer from the GeM portal in 2022-23? Explanation: Canara Bank emerged as the largest buyer among the state-owned lenders in 2022-23, with total purchases of Rs 592.82 crore from the portal, according to the data.
Detailed explanation-2: -As at March 2023, Canara Bank services over 10.9 crore customers through a network of 9, 706 branches and 12, 130 ATMs/Recycler spread across all Indian states and Union Territories.
Detailed explanation-3: -Amalgamation of erstwhile Syndicate Bank with Canara Bank, thus creating the country’s fourth largest Bank with a strong network of 10391 domestic branches, 13423 ATMs.
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