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 / Q4-FY26 / risks
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Anand Rathi Share · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
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.