IndusInd Bank on October 18 said it does not expect any further material financial loss arising from the governance and accounting issues under review, as the impact of these matters has already been captured in previous financial statements.

In an exchange filing, the lender said its subsidiary, Bharat Financial Inclusion Ltd (BFIL), continues to investigate instances of operational and credit losses, unapproved practices, and inappropriate invoices raised by a service provider. These issues, according to the Bank, may indicate lapses in governance and management override of controls.

“This has got to do with a couple of practices which is specific to that business line. It's a small ticket loan business, which can happen in that business. That's really what they're talking about wher

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