NPA account declared as fraud; Rs. 575.40 crore outstanding, fully provided

The bank has declared an NPA account as fraud.

Mon 12 Oct 2026

Amount outstanding

Rs. 575.40 crore

Provision held

Rs. 575.40 crore

Action taken

NPA account declared as fraud, reported to the RBI today

What the update says

• The bank has informed the exchanges that a Non Performing Asset (NPA) account has been declared as fraud.
• The account named is Future Enterprise Ltd.
• Amount outstanding: 575.40 (printed in Rs. crore).
• Provision held: 575.40 (printed in Rs. crore).
• The information has been reported to the RBI today, as per regulatory requirement.

The numbers side by side

• Outstanding amount and provision held are the same figure: 575.40 each, shown in Rs. crore.
• In simple terms, the bank has already set aside a provision equal to the entire outstanding amount on this account.

What declaring an account as fraud means

• A bank tags an account as fraud after it identifies irregularity in that account. This is a classification by the bank, not a court verdict.
• Such a classification is reported to the RBI. The update states the reporting was done today.

Why the provision figure matters to a reader

• The provision is the amount the bank has already kept aside in its books against this exposure.
• The update shows the provision held is equal to the full amount outstanding on the account.

What this disclosure is

• It is an update under the exchange disclosure rules, and the bank has shared it under its own policy on material events and information.

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