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Bank of India declares Rs 575 crore exposure to Future Enterprises as fraud
Economic Times Stocks
Published 13 Oct 2026, 01:42 am IST
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AgenciesBank of India has declared its ₹575 crore exposure to Future Enterprises (FEL) as fraud.
The account was already classified as non performing and has been provided for, the bank said. Kishore Biani's FEL was admitted to insolvency in 2022. It used to develop, own and lease retail infrastructure for the Future Group.
It also held the group's investments in subsidiaries and joint ventures including insurance, textile manufacturing, supply chain and logistics.
Originally reported by Economic Times Stocks.Source: economictimes.indiatimes.com
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