Elevated GNPA in NBFC
GNPA remains at 3% due to large secured accounts under recovery; legal processes may delay resolution.
SMCGLOBALSECURITIES / Q4-FY26 / risks
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SMC Global Securities · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
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.