BOI reviews ₹226.84 cr mortgage fraud by Gupta Energy Infrastructure

State-owned Financial institution of India (BOI) on Friday reported a fraud of ₹226.84 crore by Odisha-based Gupta Energy Infrastructure Ltd to the Reserve Financial institution.

The financial institution has knowledgeable that Non Performing Asset (NPA) of Gupta Energy Infrastructure Ltd has been declared as fraud, BoI mentioned in a regulatory submitting.

In opposition to the excellent quantity of ₹226.84 crore, the financial institution has made provisions of ₹212.62 crore in case of Gupta Energy Infrastructure Ltd, it mentioned.

For the third quarter ended December 2024, BoI posted a 35 per cent leap in internet revenue to ₹2,517 crore in opposition to ₹1,870 crore within the year-ago interval.

The lenders’ complete revenue elevated to ₹19,957 crore through the third quarter of the continuing fiscal in opposition to ₹16,411 crore a yr in the past.

The curiosity revenue of the financial institution rose to ₹18,210 crore in opposition to ₹15,218 crore within the third quarter of the previous yr.

Its internet curiosity revenue (NII) elevated to ₹6,070 crore in opposition to ₹5,463 crore for Q3 FY24.