NPA of Rs. 575.40 crore declared as fraud; provision held stands at Rs. 575.40 crore

Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.

Mon 12 Oct 2026

Amount Outstanding

Rs. 575.40 crore

Provision Held

Rs. 575.40 crore

Account Name

FUTURE ENTERPRISE LTD.

Bank of India has informed the stock exchanges that a Non Performing Asset (NPA) account has been declared as fraud. The intimation was made under Regulation 30 of SEBI (LODR) Regulations, 2015 and the bank's own policy on material events, and the information has been reported to the RBI today as per regulatory requirement.

What the update states

• Account / company name: FUTURE ENTERPRISE LTD.
• Amount outstanding: Rs. 575.40 crore
• Provision held: Rs. 575.40 crore
• The bank has reported this to the RBI today.

What these terms mean

An NPA, or Non Performing Asset, is a loan account where the borrower has stopped repaying as per the agreed terms. When such an account is declared as fraud, it is a formal classification that usually follows a review of the account, and it typically brings the account under a stricter recovery and monitoring process.

The amount outstanding is what the borrower still owes the bank on that account. The provision held is the money the bank has already set aside in its books for that account.

Reading the numbers together

For this account, the amount outstanding and the provision held are the same figure, Rs. 575.40 crore each. In simple terms, the bank has already provided for the full amount outstanding on this account as stated in the disclosure.

Why this kind of disclosure is made

Fraud classification is a material event for a lender, so it is disclosed to the exchanges so that shareholders and other market participants are aware of it. The disclosure also states that the matter has been reported to the RBI.

What shareholders may track going ahead

• Any further exchange disclosure by the bank relating to this account.
• The bank's asset quality and provisioning figures in its periodic results.

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