Geopolitical tensions and macro instability
Management explicitly conditioned guidance on easing geopolitical tensions and macro stability; any escalation could impact growth and credit costs.
BAJFINANCE / Q4-FY26 / risks
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Bajaj Finance · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
MSME portfolio recovery may be slower than expected
MSME growth was muted at 6% due to proactive risk actions; management expects double-digit growth only by Q2-Q3 FY27, but uncertainty remains.
Interest rate sensitivity from geopolitical tensions
Management noted that AUM growth guidance is contingent on interest rate trajectory, which could be impacted by geopolitical developments.