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Bank Of India Declares ₹575.40 Crore Future Enterprises Loan Account As Fraud, Full Provision Made
Mumbai: Public sector lender Bank of India has declared the non-performing asset (NPA) account of Future Enterprises Limited as fraud, involving an outstanding amount of Rs 575.40 crore. The bank disclosed the development in a regulatory filing submitted to stock exchanges on Monday. The lender said it has already made provisions covering the entire outstanding amount and has reported the matter…
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