September 16, 2025
Daily current affairs:September 16, 2025
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Daily News Brief - Sept 16, 2025
Short Description : The RBI penalized PhonePe for non-compliance with Prepaid Payment Instruments regulations.
Long Description : In a compliance drive, the Reserve Bank of India fined digital payment giant PhonePe ₹21 lakh for failing to adhere to several Prepaid Payment Instrument (PPI) norms. The action is part of a broader push to strengthen consumer protection and financial sector robustness. Regulatory and compliance issues are standard in banking, economy, and RBI-related exam questions.