88% Credit Demand Comes From Bharat

Yubi’s Partnership Lending Report FY26

L to R: Gaurav Kumar (Founder & CEO, Yubi Group), Nitin Chugh (Dy. MD and Head of Digital Banking and Transformation, SBI) and Vipul Mahajan (CBO, Yubi)

FinTech BizNews Service

Mumbai, January 28, 2026 - Yubi, the world’s only AI-powered operating system (OS) for financial services, has announced the release of its Partnership Lending Report, offering a data-backed view into how collaborative lending models are reshaping India’s credit ecosystem. The report was unveiled at Yubi’s Partnership Conclave in Mumbai by Nitin Chugh, Deputy Managing Director and Head of Digital Banking and Transformation, State Bank of India, alongside Gaurav Kumar, Founder & CEO, Yubi Group, and Vipul Mahajan, Chief Business Officer, Yubi.

Drawing on anonymised and aggregated platform-level data from April to December 2025, the report captures real lending activity across banks, NBFCs, and digital originators operating on Yubi’s partnership lending infrastructure.

Key highlights from the report:

• Rs25,000+ crore in credit enabled through partnership lending and securitisation
• 10+ lakh loans disbursed across retail and MSME segments in just nine months
• 2 crore + transactions processed end-to-end across the lending lifecycle
• <5 hours average turnaround time from application to disbursement. 
• While 88% of credit demand originated from non-metro markets, select metros continue to act as strong urban anchors. Among metros, Bengaluru (28.4%), Mumbai (17.3%), and Delhi NCR (16.1%) led disbursements, reflecting dense concentrations of salaried professionals, MSMEs, and digitally native borrowers.
• At a state level, disbursement activity remains concentrated in a few high-adoption regions, led by Maharashtra (12.9%), Tamil Nadu (12.4%), Karnataka (10.0%), Uttar Pradesh (9.4%), and Kerala (8.4%), which together account for approximately 53% of total disbursement volume. This indicates that partnership models are currently scaling fastest where digital reach and distributor networks are already well established.
• From an asset-mix perspective, Credit Lines (29.3%), Consumer Loans (24.6%), and SME credit (18.9%) together account for nearly 73% of total disbursed value, underscoring the growing role of partnership lending in mass-market consumption credit, short-tenor liquidity, and MSME financing.

The report also highlights a structural shift in how credit is being distributed with Priority Sector Lending (PSL) emerging as a key growth engine, NBFC–fintech partnerships accelerating faster than traditional models, and mass-market products such as consumer loans, credit lines, and MSME credit accounting for a majority of disbursal value.

Reflecting on the shift underway, Gaurav Kumar, Founder & CEO, Yubi Group, said, “Partnership lending only scales when technology stops sitting between institutions and starts operating beneath them. As volumes grow, the challenge is no longer integration, it is orchestration. Lenders need systems that can synchronise origination, underwriting, disbursement, servicing, and reporting across multiple partners in real time, with policy enforcement built in by design. The next phase of growth will belong to ecosystems that invest in shared operating infrastructure, where compliance, speed, and reliability reinforce each other rather than compete.”

Echoing the importance of operating infrastructure and governance-led scale, Ajay Kumar Choudhary, Ex-Executive Director, Reserve Bank of India (RBI), Independent Director, Yubi, commented at the launch, “Partnership lending only scales when technology stops sitting between institutions and starts operating beneath them. As volumes grow, the challenge is no longer integration, it is orchestration. Lenders need systems that can synchronise origination, underwriting, disbursement, servicing, and reporting across multiple partners in real time, with policy enforcement built in by design. The next phase of growth will belong to ecosystems that invest in shared operating infrastructure, where compliance, speed, and reliability reinforce each other rather than compete.”

The full report offers a deeper view into how partnership-led lending is evolving in practice, covering month-on-month disbursement trends, turnaround time improvements across the lending lifecycle, and shifts in asset-class, geographic, and borrower-profile mix. It also examines how banks, NBFCs, and digital originators are structuring partnerships to balance scale, risk, and regulatory alignment, alongside an outlook on how recent regulatory developments may shape collaboration models in the year ahead.