Current Affairs - Banking - Discussion

The State Bank of India (SBI) signed an MoU with the Delhi e-Governance Society (DeGS) on May 26, 2026, to integrate the ‘e-Pay’ system into the Delhi Government eProcurement Portal. This collaboration aims to modernise procurement by automating payment processes and enabling transparent, paperless transactions. SBI’s role includes providing secure digital payment infrastructure and Management Information System (MIS) integration, ensuring real-time verification of Earnest Money Deposits (EMD) for bidders. The initiative eliminates manual payment methods like demand drafts and strengthens efficiency, transparency, and accountability in government procurement, aligning with broader goals of improving Ease of Doing Business in digital governance.