Punjab National Bank (PNB) has acquired nearly 6 per cent stake in public digital e-commerce platform Open Network for Digital Commerce (ONDC) for Rs 10 crore. ONDC is an initiative of the Ministry of Commerce and Industry to promote open networks for all aspects of the exchange of goods and services over digital networks. It is based on open-source methodology, using open specifications and open network protocols, independent of any specific platform.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
