The merger of Bharat Financial Inclusion (BFIL) with IndusInd Bank is expected to be completed within 2-4 weeks. Following the merger, BFIL will become a subsidiary of the bank. The merger will ensure a better presence for the bank in rural areas. BFIL operates in tiny villages and as much as 75-80% of its operations are in rural areas. The merger was announced on 14 October 2018.
