Groww settles SEBI case for Rs.47.85 lakh
Investment platform Groww settled a case with SEBI, paying Rs.47.85 lakh over regulatory lapses. Issues included incorrect client statements, offering non- securities services like UPI, annual instead of half-yearly Business Continuity Plan reviews, and surveillance framework inadequacies. This highlights SEBI's focus on stringent compliance for fintechs.
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