Puri Jagarnath Temple Withdraws Funds From Yes Bank



Union Finance Minister Nirmala sitaraman received a letter from Odisha finance minister Niranjan Pujari . he mentioned in the letter requesting her to allow puri Jagannath temple administration to withdraw the fund of rs545 crore from the yes bank.

ODISHA Finance minister mentioned in the letter: “The administration, governance, and management of the Jagannath Temple in Puri and its properties are vested in a committee called Shree Jagannath Temple Managing Committee (MC) by virtue of provisions contained in the Shree Jagannath Temple Act, 1954. On the basis of discussion of the Managing Committee, Shree Jagannath Temple Administration (SJTA) manages the day-to-day affairs of the shrine,”.

He also wrote that, "Various funds related to the temple - Foundation Fund, Corpus Fund and Temple Fund - are being managed by the Managing Committee. Out of these funds, an amount of Rs 545 crore has been deposited with Yes Bank, Puri. These deposits are maturing in the month of March of 2020 itself,".Previously, “a prohibition has been exploited on Yes Bank” mentioned by RBI. During the prohibition period, Yes bank Ltd has no right, without the permission in writing of RBI, to make payment to a creditor of a sum exceptionally Rs. 50,000 lying to his deposit in any savings, present, or any credit account.




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