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Why did RBI impose a penalty of Rs 21 lakh on PhonePeNews

Why did RBI impose a penalty of Rs 21 lakh on PhonePe?

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 21 lakh on Walmart-owned PhonePe Limited for lapses in complying with regulations governing prepaid payment instruments (PPIs).

By ISN Team
Sep 13, 2025 17:09 IST 2 Min read
PhonePe hires Shivnath ThukralNews
PhonePe hires Shivnath Thukral as VP for public policy, govt affairs
By Sumit Vishwakarma
Jul 15, 2025 14:45 IST 2 Min read
PhonePe onboards JPMorgan Chase, Citigroup, Morgan Stanley, Kotak as bankers for IPONews
PhonePe hires JPMorgan Chase, Citigroup, Morgan Stanley and Kotak as IPO bankers: Report
By ISN Team
Jun 24, 2025 22:55 IST 2 Min read
PhonePe-25News
UPI payments giant PhonePe onboards veteran banker Zarin Daruwala to board ahead of planned IPO
By Sumit Vishwakarma
Jun 07, 2025 20:10 IST 2 Min read
PhonePeNews
Paytm rival PhonePe to launch UPI payments for feature phones
By Sumit Vishwakarma
Jun 06, 2025 23:18 IST 1 Min read
PhonePe's Pincode launches 247 medicine deliveryNews
PhonePe's Pincode launches 24/7 medicine delivery in Bengaluru, Mumbai and Pune
By Jaya Vishwakarma
Apr 21, 2025 17:29 IST 2 Min read
phone public News
UPI payments giant PhonePe converts into a public limited company ahead of IPO
By ISN Team
Apr 18, 2025 22:54 IST 2 Min read
upi webNews
UPI services restored after widespread outage; NPCI says, 'faced intermittent technical issues'
By Jaya Vishwakarma
Mar 26, 2025 23:15 IST 2 Min read
PhonePe, 2025News
PhonePe Wealth launches CRISP to help mutual fund investors make smarter choices
By Sumit Vishwakarma
Mar 20, 2025 19:21 IST 2 Min read
PhonePeNews
India's PhonePe partners with Xiaomi India to integrate Indus Appstore on smartphones
By Sumit Vishwakarma
Mar 13, 2025 17:28 IST 2 Min read
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