High cost of funds
Finance cost at 15% vs industry 11-12% due to low leverage and credit rating; may persist until leverage normalizes.
FINKURVE / Q3-FY26 / risks
Keep the risk register visible.
Finkurve Financial Services · Material risks, their source context, and severity in the latest available quarter.
Research layer active
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Risk intelligence
Material risks this quarter
medium
NIM contraction from low leverage
NIMs contracted sharply as leverage remains low (1.67x); further contraction possible until leverage reaches 3-4x.
Gold price dependency
AUM growth partly driven by gold price rise; if prices stabilize or fall, growth may slow.
Execution risk in branch expansion
Aggressive branch expansion (50-60 new branches) may strain management bandwidth and asset quality.