Rising unsecured loan exposure
Personal and consumer loans now constitute 20% of NBFC AUM and 36% of disbursements, with potential asset quality risks if economic conditions weaken.
ABCAPITAL / Q1-FY24 / risks
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Aditya Birla Capital · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
FLDG implementation uncertainty
Management is evaluating FLDG arrangements with digital partners, but current credit costs sit on the balance sheet; any adverse regulatory changes could impact profitability.
Health insurance combined ratio remains high
Health insurance combined ratio stood at 117% in Q1, indicating underwriting losses, though management expects normalization in coming quarters.
Housing finance cost-to-income spike
Housing finance operating expenses rose sharply due to technology investments, with cost-to-asset at peak levels; operating leverage may take time to materialize.