Branch² Intelligence
Groww faces technical glitch, client withdrawals hit
Key takeaway
Groww's cloud provider glitch temporarily blocked fund withdrawals, resolved same day.
- Step 1Google Cloud Platform glitch disrupts Groww's withdrawal service.
- Step 2User trust temporarily dented; some users may explore alternatives like Zerodha.
- Step 3Regulators (SEBI) may tighten cloud outsourcing norms for fintechs, raising compliance costs.
Source: IN:Economic Times
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