RBL Bank has acquired 8.51% stake in Open Network for Digital Commerce (ONDC) for Rs 40 crore at par on December 13, 2023. The bank has been allotted 40,00,000 Equity Shares of Rs 100 each by Open Network for Digital Commerce.
ONDC is engaged in creating an open public digital infrastructure to develop and transform the Indian digital commerce ecosystem for both goods and services and to expand alternatives for both buyers and sellers to engage in the digital commerce space.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the various business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.
