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Difficult phase for microfinance behind us, Q2 to see growth: IndusInd MD

The difficult phase for the microfinance business is now behind us, with risks playing out favourably, and growth in the segment is expected to return from the second quarter onwards, IndusInd Bank MD and CEO Rajiv Anand has said. IndusInd Bank faced a severe governance and accounting crisis in 2025 centred around its microfinance subsidiary, Bharat Financial Inclusion Ltd (BFIL). The bank reversed Rs 674 crore of cumulative interest income recognised incorrectly across FY25. A further Rs 172 c…

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Business StandardCenter·1h ago
Difficult phase for microfinance behind us, Q2 to see growth: IndusInd MD
The difficult phase for the microfinance business is now behind us, with risks playing out favourably, and growth in the segment is expected to return from the second quarter onwards, IndusInd Bank MD and CEO Rajiv Anand has said. IndusInd Bank faced a severe governance and accounting crisis in 2025 centred around its microfinance subsidiary, Bharat Financial Inclusion Ltd (BFIL). The bank reversed Rs 674 crore of cumulative interest income recognised incorrectly across FY25. A further Rs 172 c…
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Difficult phase for microfinance behind us, Q2 to see growth: IndusInd MD

How 1 sources are covering this

Difficult phase for microfinance behind us, Q2 to see growth: IndusInd MD

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