BoI has Rs 215-crore exposure to Maytas Infra

State-run Bank of India (BOI) today said it has a non-fund based exposure of Rs 215 crore to the Raju-family owned Maytas Infra, but has not provisioned it “as it was not needed”. “We have given a bank guarantee to Maytas Infra to the tune of Rs 215 crore.

(However), the bank has not made any provisioning for this exposure... The problem would arise only if the guarantee is invoked,” Bank of India Chairman and Managing Director T S Narayanasami told reporters here.