Intense competition from banks
Banks are becoming aggressive in bidding for AAA-rated assets, leading to IRFC losing some bids despite its low-cost advantage.
IRFC / Q3-FY26 / risks
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Indian Railway Finance Corporation · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
medium
Execution risk in new loan book
Scaling up disbursements to new clients (targeting 20 entities at ₹15,000 crore each) may face delays or asset quality issues.
Provisioning impact on reported profit
New RBI guidelines require standard asset provisions, which increased significantly in Q3 and may compress reported PAT.