Geopolitical tensions (West Asia) impact on customer sentiment
Management acknowledged potential risk but noted no current stress in bounce rates or collections; NRI exposure is minimal.
AADHARHOUSINGFINANCE / bear-case history
Track the concerns that keep returning.
Aadhar Housing Finance · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Interest rate stagnation or reversal
If inflation persists, interest rates may rise, impacting spreads; however, floating book (73% assets, 76% liabilities) provides pass-through ability.
Competitive intensity in urban segments
Banks remain active in urban housing, but management sees limited impact on their low-income focus segment.
LAP growth slowdown due to cautious stance
Deliberate reduction in LAP disbursements (21% in Q4 vs typical 28-29%) could pressure yields if not reversed.