Bank of India Classifies Future Enterprises Account as Fraud
Bank of India said in a regulatory filing that it classified Future Enterprises’ account as fraud. The company owes the bank Rs 575.40 crore, and the bank has fully provisioned for the exposure.
Bank of India (BoI) has designated the Future Enterprise Ltd (FEL) account in its books as fraudulent. The account is currently classified as a non-performing asset (NPA). 40 crore, according to BoI’s regulatory filing. The bank has fully provisioned for this expos…