Question
What monetary penalty did the RBI impose on PhonePe
Limited for non-compliance with PPI guidelines?ÂSolution
The Reserve Bank of India imposed a monetary penalty of ₹21 lakh on PhonePe Limited (formerly PhonePe Pvt Ltd) due to non-compliance with directions related to Prepaid Payment Instruments (PPIs). The issue stemmed from a shortfall in the company’s escrow account which was not promptly reported to RBI. This penalty highlights RBI’s strict regulatory framework for payment systems.Â
 Electronic Supreme Court Reports (e-SCR) project is an initiative of which Asian country?
What campaign was launched by the Ministry of Jal Shakti on World Toilet Day 2025?
India’s foreign exchange reserves declined by $2.16 billion in the week ending October 18 due to:
According to the Worldwide Cost of Living Index 2021 released by the Economist Intelligence Unit (EIU), which is the world’s most expensive cities...
Which implementation mechanism was created under the India–Bhutan agricultural cooperation MoU?
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Which actor, known for portraying Karna in Mahabharat, passed away at the age of 68 in 2025?
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I. To promote culinary talent of Indian youth.
Which organization recently signed an MoU with the Union Education Ministry to train children in classrooms using Adobe Express?
Which award did Rishab Shetty win at the 70th National Film Awards for the year 2022?
