This course explains Waiver Expectation Behaviour Risk and how the risk of repeated waivers creating borrower expectations and influencing repayment behaviour is identified, assessed, and governed within Agri & Rural Commercial Credit. It covers the key dimensions of sector risk, collateral evaluation, sustainability of rural and agri-enterprise lending, and cash-flow analysis, emphasizing the need for structured assessment, clear boundary definition, and independent validation before credit decisions are finalized. The course also distinguishes Waiver Expectation Behaviour Risk from portfolio diversification strategies, and highlights its role within Restructuring & Stress Decisioning, including limit setting, exception handling, and escalation to credit committees.