Important StoriesRetail inflation jumps to 21 months high of 5.54% in SeptemberIRDAI may extend consultation, implementation timelines for distribution reformsPowered by AI, HCLTech net profit rises 21% y-o-y to ₹5,132 crore in Q2FY27GE Aerospace to nearly double India sourcing spend by 2030No higher bid: Tata Motors’ final price faces crucial test as Iveco shareholders hold the keyFollow UsFOLLOW US ON WHATSAPPHomeGO BACK TO HOME THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. Bank of India classifies Kishore Biyani-promoted Future Enterprises account as fraud The public sector lender disclosed the classification in a regulatory filing, citing its policy on determining and disclosing material events and information By BL Mumbai Bureau Updated - October 12, 2026 at 09:38 PM.×ShareWhatsAppXFacebookLinkedInMessengerRedditMailhttps://www.thehindubusinessline.com/money-and-banking/bank-of-india-classifies-kishore-biyani-promoted-future-enterprises-account-as-fraud/article71576395.eceCopy Bank of India has classified Kishore Biyani-promoted Future Enterprises Ltd’s ₹575.40-crore non-performing asset account as fraud and fully provisioned for the exposure.

Bank of India (BoI) has classified the Future Enterprise Ltd (FEL) account, currently listed as a Non-Performing Asset (NPA) in its books, as fraud.

Kishore Biyani-promoted FEL owes the public sector bank Rs 575.40 crore, per the BoI’s regulatory filing. The Bank has fully provisioned for this exposure.

The filing said the fraud classification follows the Bank’s “Policy on determination and disclosure of Material events / information”.

An account is classified as fraud by a Bank if there is misappropriation of funds and criminal breach of trust; fraudulent encashment through forged instruments; manipulation of books of accounts or through fictitious accounts, and conversion of property; forgery with the intention to commit fraud by making any false documents / electronic records; among others.

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