Bank of India Classifies ₹575.40 Crore Future Enterprises Loan As Fraud: What It Means For Investors
Bank of India (BoI) has classified its ₹575.40 crore loan account linked to Kishore Biyani-promoted Future Enterprises Ltd (FEL) as fraud. The key point for investors is that the public sector lender has already set aside provisions for the entire outstanding amount. In an exchange filing dated October 12, the bank said the account was already a non-performing asset (NPA) and that the fraud classification was reported to the Reserve Bank of India (RBI) on the same day, in line with regulatory requirements.
What Did Bank of India Disclose In Its Filing? The disclosure, made under SEBI’s…
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Story file
- Section
- Tech
- Topics
- Stock market, Economy & RBI, Courts & law, Crime & safety
- Places
- Maharashtra
- First reported by
- Stackumbrella
- Reporter
- raj chouhan
- Published
- Wednesday, 14 October 2026, 12:26 pm IST
- Coverage
- One outlet so far
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