Sustained CV asset quality stress
Commercial vehicle segment stress from monsoon idling may persist if economic recovery or infrastructure spending does not pick up.
HDBFS / Q2-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
high
Elevated credit cost above target
Credit cost at 2.7% remains above the 2.2% medium-term target; normalization may take longer if asset quality pressures continue.
Competitive pressure and irrational pricing
Analyst raised concern about competition; management acknowledged but did not provide specific mitigation, suggesting potential margin pressure.
Climate change impact on asset quality
Analyst questioned if climate change is factored into provisioning; management said it is captured in PD/LGD models, but severity may increase.