NSE: BANKINDIA · 13 October 2026 · Pre-market update
- Bank of India has officially declared the non-performing asset account of Future Enterprise Ltd. as a fraud, involving an outstanding amount and provision held of Rs. 575.40 crore. The development places the lender in focus as markets open for the session, prompting investor scrutiny regarding asset quality and provisioning.
- Bank of India announced under Regulation 30 of SEBI LODR Regulations that the NPA account of Future Enterprise Ltd. has been classified as fraud and reported to the RBI. The account carries an outstanding amount of Rs. 575.40 crore, which is fully backed by an equivalent provision held of Rs. 575.40 crore.
- Trading volume was 1.26 times the 20-day average daily volume.
Bank Of India Company News Before Market Open
Bank of India has officially declared the non-performing asset account of Future Enterprise Ltd. as a fraud, involving an outstanding amount and provision held of Rs. 575.40 crore. The development places the lender in focus as markets open for the session, prompting investor scrutiny regarding asset quality and provisioning.
The classification of Future Enterprise Ltd. as a fraud brings transparency regarding a large legacy bad loan worth Rs. 575.40 crore. Because the account is already 100% provided for with Rs. 575.40 crore in provisions, additional credit cost impact is neutralized. Updates regarding fraud classification in large-exposure accounts routinely influence investor sentiment surrounding PSU bank asset quality.
74.01 lakh shares traded on 9 October 2026. This compares with a 20-day average daily volume of 58.64 lakh shares (1.26 times). The five-day average daily volume was 77.17 lakh shares.
The classification of Future Enterprise Ltd. as a fraud brings transparency regarding a large legacy bad loan worth Rs. 575.40 crore. Because the account is already 100% provided for with Rs. 575.40 crore in provisions, additional credit cost impact is neutralized. Updates regarding fraud classification in large-exposure accounts routinely influence investor sentiment surrounding PSU bank asset quality.
Latest Company Developments
Bank of India announced under Regulation 30 of SEBI LODR Regulations that the NPA account of Future Enterprise Ltd. has been classified as fraud and reported to the RBI. The account carries an outstanding amount of Rs. 575.40 crore, which is fully backed by an equivalent provision held of Rs. 575.40 crore.
Fully provisioned legacy stress limits direct profit-and-loss volatility, though final recoveries and regulatory scrutiny remain key factors to watch.
'Disclosure under Regulation 30 of SEBI(LODR) Regulations, 2015''.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 4.12% on 30 September 2026. This compares with 4.13% on 30 June 2026, a change of -0.01 percentage points.
The filing reported 35 MF/UTI holders.
Historical Bulk / Block Deals
What to Watch Next
- Market reaction and trading volumes in Bank of India shares after the opening bell following the disclosure.
- Management commentary or further disclosures regarding potential recovery actions or legal proceedings concerning the Future Enterprise account.
- Broader movement in public sector banking indices and peer bank performance during the trading session.
Other Dated Coverage
- Bank of India in Focus After Raising Repo Based Lending Rate to 8.35% | 8 October 2026 — 8 October 2026
- Bank Of India Share Price Today: Why BANKINDIA Is Rising 1.05% | 7 October 2026 — 7 October 2026
- Why Bank of India Shares Rose 3.10% Today: Volume & Recovery | 5 October 2026 — 5 October 2026
More Bank Of India news and dated analysis →
Frequently Asked Questions
What is the latest Bank Of India company news?
Bank of India announced under Regulation 30 of SEBI LODR Regulations that the NPA account of Future Enterprise Ltd. has been classified as fraud and reported to the RBI. The account carries an outstanding amount of Rs. 575.40 crore, which is fully backed by an equivalent provision held of Rs. 575.40 crore.
How strong was Bank Of India’s trading volume?
74.01 lakh shares traded, 1.26 times the 20-day average daily volume. The price and volume data are dated 9 October 2026.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.