Purple Finance Clears ₹173.17 Crore Loan Pool Sale to IDFC First Bank

Loan Pool Assignment to IDFC First Bank

Purple Finance Limited has informed the stock exchange that its Finance Committee approved a transaction for the sale of a pool of its retail assets to IDFC First Bank amounting to approximately ₹173.17 crore. The deal is structured as a Direct Assignment under the Reserve Bank of India’s Transfer of Loan Exposures Directions, 2021.​

This transaction is expected to release capital, improve liquidity, and reaffirm the company’s ability to originate quality retail assets. Purple Finance will continue to act as servicer for the assigned loans, ensuring continuity for borrowers while strengthening its fee-based income stream and capacity to scale future lending.​

Key highlights

Type of transaction: Direct Assignment of part of retail loan assets.​

Purchaser: IDFC First Bank Limited.​

Size of pool: ₹173,17,17,439 (approx. ₹173.17 crore).​

Regulatory framework: Executed under RBI Transfer of Loan Exposures Directions, 2021.​

Business impact: Frees up capital, supports fresh originations; Purple Finance to act as servicer for all loans sold in this assignment.​

Source: Purple Finance Limited – BSE filing dated December 4, 2025