Ujjivan SFB's secured book crosses 50% of advances for the first time

For DSAs and connectors sourcing business for SFBs, this signals where origination volumes are headed: affordable housing, LAP, gold loans, and vehicle finance will increasingly outweigh unsecured microfinance referrals. Connectors who build expertise in secured product documentation and collateral evaluation stand to capture more business as lenders rebalance their books.

For lenders and NBFCs, Ujjivan's trajectory shows that regulatory pressure on unsecured exposure is translating into concrete balance sheet targets, not just compliance language. Institutions still heavily weighted toward unsecured retail risk may face similar pressure to diversify, reshaping which loan products get prioritized for distribution partners.