📰 ET Markets ⚪ NEUTRAL 🕒 13 Oct 2026, 07:12 AM IST

Bank of India declares Rs 575 crore exposure to Future Enterprises as fraud

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Core Development: Bank of India declares Rs 575 crore exposure to Future Enterprises as fraud

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Market & Financial Impact: The Bank of India has officially marked its ₹575 crore exposure to Future Enterprises as fraudulent. Previously categorized as a non-performing asset, this account has been sufficiently provisioned. Future Enterprises, helmed by Kishore Biyani, entered insolvency proceedings back in 2022, focusing on retail infrastructure development and managing a variety of subsidiaries and joint ventures across different sectors.

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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Bank of India has declared its ₹575 crore exposure to Future Enterprises (FEL) as fraud.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

Bank of India declares Rs 575 crore exposure to Future Enterprises as fraud

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