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The Economic Times

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Bank of India declares Rs 575 crore exposure to Future Enterprises as fraud

The Bank of India has officially marked its 575 crore exposure to Future Enterprises as fraudulent. Previously categorized as a non-performing asset, this account has been sufficiently provisioned. Future Enterprises, helmed by Kishore Biyani, entered insolvency proceedings back in 2022, focusing on retail infrastructure development and managing a variety of subsidiaries and joint ventures across different sectors.

13 Oct 2026 7:12 am