Purple Finance Sells ₹5.38 Cr Loan Portfolio

Purple Finance Ltd announced that its Finance Committee has approved the sale of a portion of its loan portfolio, amounting to up to ₹5.38 crores, through the Direct Assignment route. This move aligns with RBI's Master Directions on Credit Risk Transfer. The transactions are anticipated to be income accretive, underscoring the company's capability in originating and managing a quality loan book. Purple Finance will retain a 10% participation in the assigned loans and will continue to act as the servicer for these portfolios.