RBI stalls NPCI’s bid to acquire stake in ONDC: Report
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RBI has reportedly stalled the National Payments Corporation of India’s (NPCI’s) plans to acquire a stake in the Open Network for Digital Commerce (ONDC) citing potential conflict of interest. "NPCI has run into a regulatory issue. While it wants to develop a payments and settlement system for ONDC, RBI feels that if it acquires a stake in the ONDC, then it will cease to become a neutral party.