NBFC yield improvement may take longer
Despite favorable mix shift towards unsecured lending, management indicated it will take a couple of quarters for yields to improve at the portfolio level, potentially delaying NIM expansion.
ABCAPITAL / Q3-FY26 / risks
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Aditya Birla Capital · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
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ECL model reset risk from peers
Analysts raised concerns about potential ECL model changes after a peer increased provisions; management downplayed the need, but regulatory nudges could alter provisioning requirements.
GST impact on insurance margins
Life insurance margins face headwinds from GST changes; only 40% of the impact has been mitigated via commercial arrangements, with the balance to be managed through product strategy.
Housing finance capital infusion timeline uncertainty
The ₹2,750 crore capital infusion from Advent International is subject to CCI approval, expected by end of March 2026, but any delay could slow growth plans.