West Asia conflict impact on CV and MSME
The ongoing West Asia conflict could disrupt supply chains and impact commercial vehicle and MSME customers, though no material impact seen yet.
HDBFINANCIAL / bear-case history
Track the concerns that keep returning.
HDB Financial Services · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
K-shaped recovery in asset finance
Recovery in asset finance is K-shaped: older stressed accounts are recovering slowly, while newer slips recover faster, posing residual risk.
Rising borrowing costs
Borrowing costs have increased over the last month; management expects to sustain current levels for the near term but faces uncertainty.
Unsecured business loan growth risk
Unsecured business loan disbursements have not grown as much; management expects growth to resume but asset quality remains a monitorable.