US banking ‘broken’: Zerodha CEO Nithin Kamath claims; cites stock withdrawal fees

Zerodha CEO Nithin Kamath criticizes the US banking system, highlighting Robinhood’s $100 million profit from instant withdrawal fees. He contrasts this with India’s UPI, which enables free instant transactions for Zerodha clients. Kamath’s remarks come as Zerodha prepares to launch US stock investments for its users next quarter.

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