Elevated GNPA in NBFC
GNPA remains at 3% due to large secured accounts under recovery; legal processes may delay resolution.
SMCGLOBALSECURITIES / bear-case history
Track the concerns that keep returning.
SMC Global Securities · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
RBI circular on proprietary trading leverage
New RBI restrictions on leverage for proprietary trading could impact arbitrage profits, though management claims minimal impact.
Market volatility and regulatory headwinds
Equity market correction in March and regulatory measures on derivatives continue to pressure broking volumes.