RBI policy changes on capital market intermediaries
Changes in RBI policy reduced bank funding avenues for working capital, forcing the company to control MTF growth.
ANANDRATHISHAREANDSTOCKB / bear-case history
Track the concerns that keep returning.
Anand Rathi Share · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Market volatility impacting broking revenues
Bearish market conditions and geopolitical tensions could weigh on investor sentiment and broking income.
Competitive pressure on MTF yields
Increasing competition from other brokers in the MTF segment could pressure spreads and yields.
Regulatory changes in derivatives segment
SEBI's increase in STT and other regulations could impact derivative trading volumes and broking revenue mix.