IndusInd Bank: No New Financial Loss from BFIL Issue, Investigation Continues

• IndusInd Bank expects no additional financial impact from issues related to its microfinance subsidiary, Bharat Financial Inclusion Limited (BFIL).
• BFIL's statutory auditor maintained a qualified conclusion in its Limited Review Report for Q3 FY25, pending investigation completion.
• The bank re-examined BFIL matters during its December quarter results, confirming no change in its previous assessment of financial impact.
• Management clarified that the audit qualification is not new and does not affect IndusInd Bank's standalone or consolidated financial results.
• Previous financial impacts related to these matters have been fully covered through provisions; current focus is on staff accountability and closing the investigation.

Why It Matters: IndusInd Bank assures no further financial loss from BFIL issues, though the investigation and audit qualification persist.