Co-lending guideline impact
New RBI co-lending guidelines effective Jan 2026 may cause temporary slowdown in co-lending volumes for a couple of quarters as existing contracts expire and technology integration is completed.
CAPRIGLOBALCAPITAL / bear-case history
Track the concerns that keep returning.
Capri Global Capital · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Gold price volatility
Sharp decline in gold prices could increase LTVs and require margin calls or auctions, though management believes a 10-15% crash in a single day is unlikely.
Interest rate hike risk
Potential rate hikes post-election could limit further reduction in cost of funds, impacting NIM expansion.
Capital adequacy pressure
Capital adequacy declined due to subsidiary investment; management plans to use DA/co-lending and raise Tier-2 capital to maintain buffers.