RBI requested to transfer Srimandir funds to nationalised bank: Odisha Finance Minister


Bhubaneswar: State Finance Minister Niranjan Pujari in Odisha Assembly on Thursday said that Yes Bank quoted maximum interest rate of 8.61% on deposits of Srimandir.

Pujari also stated that it was not the Odisha government but the Srimandir administration who parked Lord Jagannath’s funds in Yes Bank. “The SJTA had invited quotation from scheduled commercial banks and of the 12 banks, Yes bank’s quotation was low,” he added.

The finance minister told the assembly that Lord Jagannath’s Rs 545 crore has been deposited in the Yes bank and the RBI has been requested to transfer the fund to a nationalised bank at the earliest.

“A letter has been sent to the union finance minister on March 7 in this connection,” he added.

The Odisha finance minister informed that the Yes bank is being regulated under the Banking Regulation Act 1949 and added that the RBI had not given any direction before not to transact with the concerned bank.

The minister said the RBI has imposed a moratorium on the Yes Bank and the depositors are not allowed to withdraw Rs 50000 in a month.

Meanwhile, the BJD MPs again met Union Finance Minister Nirmala Sitharaman on Thursday in New Delhi in this connection. She said she had already spoken to the RBI Governor yesterday on the BJD MP’s request for ensuring the safety of the fixed deposit of temple trust kept in YES bank.

The  BJD MP’s who met the finance minister are Prasanna Acharya, Dr. Amar Patnaik, Sarojini Hembram and Dr. Sasmit Patra.


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