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

Ujjivan Small Finance Bank's secured loan portfolio has crossed 50% of total advances for the first time in its history, as of Q1 FY27.

The secured book grew 43% year-on-year to reach ₹21,638 crore, driven by affordable housing loans, micro-MSME property loans (loan against property), gold loans, and vehicle financing.

This marks a departure from the traditional Small Finance Bank model, where institutions originated as microfinance lenders extending uncollateralized cash to low-income borrowers — a segment prone to local credit shocks, political loan write-offs, and macroeconomic stress.