Tag: Srimandir Funds

Puri: Going by Odisha government’s own guidelines, shifting of funds from one bank to another without valid reasons & approval will tantamount to financial irregularity and it is no surprise that the opposition parties are up in arms over reported transfer of Lord Jagannath’s funds to a private bank. As per a letter dated 04-10-2019 […]

Puri: The controversy surrounding Srimandir funds being parked with Yes Bank which was gradually subsiding after the Odisha government announced to transfer the deposits to a nationalised bank suddenly erupted out of proportion following a recent press release by the Reserve Bank Of India placing the cash strapped bank under Central Government’s Moratorium. As per […]

Bhubaneswar: A team of BJD MPs led by Prasanna Acharya today met Union Finance Minister Nirmala Sitharaman to discuss about the funds belonging to Puri Srimandir deposited in crisis-hit Yes Bank. During the meeting, the BJD MPs discussed the issue and urged Sitharaman to take steps to resolve it. In response, the Union Minister assured […]

Bhubaneswar: Hours after Yes Bank resumed its operations, the private sector lender remitted Rs 397 crore to designated SBI account of Jagannath Temple Corpus Fund at Puri Main Branch. Earlier, restrictions on withdrawal of funds from Yes Bank had kicked off a political storm in Odisha. Informing about the development in a letter to Krishan […]

Puri: A day after Yes Bank remitted Rs 389-crore fixed deposit account of Shree Jagannath Temple Administration in Puri, to State Bank of India, the admin today revealed that Srimandir funds will be kept in Union Bank of India (UBI). Informing the same, SJTA administrator (development) Ajay Kumar Jena said that both the Lord Jagannath […]

Puri: The Shree Jagannath Temple Administration (SJTA) on Tuesday cancelled its tender with Union Bank of India for depositing Rs 545 crore of Srimandir funds in the nationalised bank which had quoted an interest rate of 5.75%. The temple authorities have now issued fresh quotations from interested public sector lenders by March 26. The SJTA […]

Puri: The Shree Jagannath Temple Administration (SJTA) has decided to keep Lord Jagannath temple fund and the corpus fund of the shrine amounting to Rs 287 crore in two nationalised banks- Bank Of Baroda and Union Bank of India. The funds will be kept in equal shares as fixed deposits in the two banks at […]