Brief India: Primer: Ujjivan Small Finance Bank (UJJIVANS IN) - May 2026 and moreIn this briefing: Primer: Ujjivan Small Finance Bank (UJJIVANS IN) - May 2026 Strong Order Books, Squeezed Margins: What India's Transformer Industry Is Actually Saying? Primer: Nephrocare Health Services Limited (0542669D IN) - May 2026 What China's Anti-Involution Drive Means for India's Chemical Sector? Primer: International Paper Appm (IPAP IN) - May 2026 1. Primer: Ujjivan Small Finance Bank (UJJIVANS IN) - May 2026 Strategic Shift to Secured Lending: Ujjivan is aggressively diversifying its loan book, aiming to increase its secured lending portfolio from 46% to 65-70% by FY30. This strategic pivot towards products like affordable housing and MSME loans is designed to de-risk the business from the inherent volatility of its legacy microfinance segment and improve earnings quality. Ambitious Growth and Expansion Plans: The bank has laid out a five-year roadmap targeting a gross loan book of ₹1 lakh crore and deposits of ₹1.2 lakh crore by FY30, representing a CAGR of over 25%. This growth is expected to be supported by an expansion of its branch network from 752 to 1,150 and significant investments in digital infrastructure.