Bank of India classified the non-performing asset account of Future Enterprises, involving dues of Rs 575.40 crore, as fraud and said it has made provisions of Rs 575.40 crore against the account.

Bank of India has raised its home loan interest rates by 25 basis points after the Reserve Bank of India raised the repo rate to 5.5% on 7 October, with other banks expected to follow as quarterly rate resets take effect.