YES Bank releases Rs 397 crore of SJTA, Rs 156 crore to release on March 30

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By Our Correspondent

PURI/BHUBANESWAR: Yes Bank Senior Vice-President Jaydev Das was on Thursday in a letter addressed to Dr Krishna Kumar , Chief Administrator, Shree Jagannath Temple Administration however informed that  an amount of Rs 397 crore (Principal amount of Rs 389 crore and interest Rs 8,23,27,636) has been transferred to the designated SBI account of Jagannath Temple Corpus Fund at Puri main branch through e-transfer.

The remaining Rs 156 crore will be returned after maturity on March 30. Das Ajay Kumar Jena, Development Administrator of Sri Jagannath Temple Administration (SJTA) had earlier informed that there were two separate fixed deposits of Rs 389 crore and Rs 156 crore parked in Yes Bank.

Notably, 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 in February 2020, suddenly blown out of proportions after Reserve Bank Of India placed the cash strapped bank under Central Government’s Moratorium.

Earlier, a team of BJD MPs led by Prasanna Acharya met Union Finance Minister Nirmala Sitharaman to discuss the funds belonging to Puri Srimandir deposited in crisis-hit Yes Bank. In response, the Union Minister had assured that Srimandir funds were safe.

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