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Bank of India declares Rs 575 crore exposure to Future Enterprises as fraud
Bank of India flags Rs 575 crore Future Enterprises exposure as fraud.
Context
What happened: Bank of India declared its Rs 575 crore exposure to Future Enterprises (FEL) as fraud. The account was already classified as non performing and has been provided for.
Key numbers: Rs 575 crore exposure. FEL was admitted to insolvency in 2022.
Why it matters: The bank said the account was already classified as non performing and provided for. FEL developed, owned and leased retail infrastructure for the Future Group.
What changed
Bank of India declared its Rs 575 crore exposure to Future Enterprises (FEL) as fraud. The account was already classified as non performing and has been provided for.
Why it matters
The bank said the account was already classified as non performing and provided for. FEL developed, owned and leased retail infrastructure for the Future Group.
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Oct 13, 2026 03:52 AM ET