Regulatory13 Oct 2026 · Tue
BANKINDIABank of India
Bank of India declares a ₹575.40 crore Future Enterprise account a fraud
Bank of India has classified its exposure to Future Enterprise Ltd, ₹575.40 crore, as a fraud account. The bank says the full amount is already provided for.
Price, Monday's close₹133.40▼ 0.79%
Last 5 days
52-week low ₹118.3352-week high ₹172.72
- Sector
- Banking
What happened
- The bank disclosed that the Future Enterprise Ltd account, with ₹575.40 crore outstanding, has been declared a fraud, according to Sahi and ScanX.
- Full provision of ₹575.40 crore is already held against the loan, per both outlets. Sahi said the reclassification was reported to the Reserve Bank of India.
- The shares closed at ₹133.40 on Monday, down 0.79%.
Why it matters
Good to know: Declaring an account a fraud is a separate step from provisioning for it. Banks report such accounts to the RBI, and a loan can be fully provided for well before it is classed as a fraud.
Key facts
- Borrower
- Future Enterprise Ltd
- Amount
- ₹575.40 crore
- Provision held
- ₹575.40 crore (full)
Read the source
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