Bihar regulatory risk from microfinance ordinance
A new Bihar ordinance on microfinance could impact collections, though management believes business loans are less affected and similar past state regulations had minimal impact.
AYEFINANCE / Q3-FY26 / risks
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Material risks this quarter
medium
Elevated credit cost normalization may be slower than expected
Credit cost at 4.69% remains above the target range of 3.25-3.75%; any delay in normalization could pressure profitability.
Mortgage team costs weighing on opex
The addition of 1,300-1,400 mortgage staff has increased operating expenses; profitability improvement depends on mortgage book scaling to absorb these costs.
Competition in mortgage lending may pressure yields
Increased supply in the mortgage segment could lead to pricing pressure, potentially offsetting benefits from lower credit costs.