Geopolitical tensions in West Asia
Management flagged potential impact on MSME portfolio from West Asia conflict, though current exposure is <2%.
NORTHERNARCCAPITAL / bear-case history
Track the concerns that keep returning.
Northern ARC Capital · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Interest rate reversal risk
Rising rates could increase cost of funds; management has shifted to fixed-rate borrowings to mitigate.
Concentration in consumer finance partners
Analyst raised concern about partner concentration; management noted 28 partners but did not disclose top share.