DIGITAL EDGE

STATE BANK OF India (SBI), the country’s largest lender, has transformed the way the government handles transactions with SBI DigiGOV. Through this platform, SBI in FY24 processed over 10 million transactions totalling ₹43,000 crore. The bank has onboarded more than 650 schemes, including education and welfare programmes, across 28 states. With a 39% market share in central/state nodal agency accounts, SBI has established itself as a leader in the space. SBI DigiGOV aims to streamline and digitise government financial transactions, making processes more efficient and transparent. The platform caters to government bodies, public sector firms, and other organisations, offering a solution for fund allocation, management, and monitoring. Its real-time dashboards and management information systems offer a clear view of fund positions and utilisation. SBI DigiGOV distinguishes itself by effectively tackling…