Competitive intensity and bond yield hardening
Rising competition and hardening bond yields could pressure borrowing costs and growth, though management expects cost of funds to remain stable near-term.
HDBFS / Q3-FY26 / risks
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HDB Financial Services · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Labor code recurring cost uncertainty
The one-time ₹61 crore provision for new labor codes may have ongoing BAU cost implications; management awaits final rules.
CV/CE asset quality normalization pace
While early bucket delinquencies improved, gross stage 3 remains elevated at 2.81%; full recovery may take 2-3 quarters.