Loan & Debt12 Oct 2026, 06:40 pm
Bank of India declares ₹575.40 Cr NPA as fraud
AI Summary
Bank of India has disclosed that a Non-Performing Asset (NPA) amounting to ₹575.40 crore, associated with Future Enterprise Ltd., has been declared as fraud. The bank has fully provisioned the entire amount. This information has been reported to the Reserve Bank of India (RBI) as per regulatory requirements.
Key Highlights
- ₹575.40 crore NPA declared as fraud.
- Future Enterprise Ltd. account is affected.
- Full provision of ₹575.40 crore held.
- Information reported to RBI.
Price Impact
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