RBI margin regulation impact
New RBI regulations effective July 2026 will increase working capital and margin requirements, likely causing a short-term impact on broking volumes and costs.
IIFLCAPITAL / bear-case history
Track the concerns that keep returning.
IIFL Capital Services · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Income tax notice of ₹56 crore
The company received an income tax demand of ~₹56 crore for a block period; management believes no material impact but appeals are pending.
Market volatility and FII outflows
Geopolitical tensions and rising oil prices have triggered FII outflows and market volatility, which could pressure broking revenues and MTF book.