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Bank of India Flags Future Enterprises’ ₹575.40 Crore Account as Fraud

Bank of India said it declared an outstanding account belonging to Future Enterprises fraudulent and reported the matter to the RBI.

BANKINDIA

40 crore account as fraudulent and informed the Reserve Bank of India (RBI). The bank made the disclosure under the applicable provisions of SEBI (LODR) Regulations, 2015.