Loan & Debt12 Oct 2026, 06:11 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 made a full provision of ₹575.40 crore against this account. This information has been reported to the Reserve Bank of India (RBI) as per regulatory requirements.
Key Highlights
- NPA of ₹575.40 crore declared as fraud.
- Future Enterprise Ltd. is the account in question.
- Full provision of ₹575.40 crore made by the bank.
- Information reported to RBI as per regulations.
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