Bengaluru, June 25 -- IndusInd Bank's crucial microfinance arm faces escalating turmoil. Significant leadership exits plague Bharat Financial Inclusion Ltd (BFIL). This crisis follows intense scrutiny of its loan portfolio. Discoveries of incorrect balances triggered the probe. Poor loan loss provisioning also sparked concern.

Senior executives are rapidly departing the subsidiary. Officials originally appointed by IndusInd Bank are stepping aside. Vikas Muttoo, Chief Operating Officer, has already resigned. His joint COO, Anujeet Varadkar, also quit BFIL recently. These people possess direct knowledge of the situation.

Indusind Bank Limited's stock, with a market capitalisation of Rs. 64,813 crores, fell to Rs. 828, hitting a low of 0....