Further rate cuts could delay growth recovery
Additional repo rate cuts beyond the current 100 bps could prolong competitive pricing pressure and portfolio attrition, delaying the expected normalization by Q3 FY26.
BAJAJHFL / Q1-FY26 / risks
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Bajaj Housing Finance · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
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Sustained aggressive pricing by banks
Analysts questioned whether continued pricing wars from PSU and private banks could lead to mispricing and further pressure on growth and margins.
Higher credit cost from lower assignment
Planned lower portfolio assignment in FY26 will result in higher stage-1 provisioning, potentially increasing reported credit costs.
Softness in real estate demand
Management acknowledged moderation in the real estate market, which could further dampen loan demand and intensify competition.