Concern Over Puri Jagannath Temple’s Rs 545 Crore Deposited In Yes Bank

Bhubaneswar:

Devotees of Lord Jagannath and monks on the centuries-old temple in Puri are frightened following Reserve Bank of India restrictions on Yes Bank the place Rs 545 crore is deposited within the deity’s identify.

The RBI has capped withdrawals from Yes Bank at Rs 50,000 for the following one month and imposed strict limits on operations after the cash-starved lender confronted “common outflow of liquidity” following an effort to lift new capital failed.

The RBI restrictions on Yes Bank have brought about panic a number of the devotees, stated senior ”Daitapati” (servitor) Binayak Dasmohaopatra.

“We call for an intensive probe and motion towards the individuals answerable for depositing any such massive quantity in a personal financial institution for a bit extra hobby,” he stated.

“It’s unlawful in addition to unethical to deposit the lord’s price range in a personal financial institution. Shree Jagannath Temple Management (SJTA) and the Temple’s Managing Committee will have to be held answerable for the uncertainty,” stated Jagannath Sena convenor Priyadarshi Patnaik.

He stated a criticism was once filed at a police station in Puri challenging probe over depositing the cash in a personal financial institution, however no motion was once taken.

Allaying issues, Regulation Minister Pratap Jena stated the cash is with the financial institution as fastened deposits and now not in a financial savings account.

“The federal government has already made up our minds to switch the price range from Yes Bank to a nationalised financial institution after tenures of the fastened deposits finish this month,” he stated.

Requested whether or not the federal government has taken up the subject with the RBI, the minister stated, “I’ve now not talked to the financial institution government to this point. I’m positive, we will switch the cash from Yes Bank with none drawback.”

Former legislation minister and ex-Puri MLA Maheswar Mohanty stated it was once now not correct to stay the cash with a personal financial institution for extra hobby.

“The SJTA will have to instantly soak up the subject with the RBI and make sure that the cash is secure,” Mohanty stated.

The legislation minister final month advised the meeting that of the lord”s overall Rs 626.44 crore, Rs 592 crore was once stored in Yes Bank. Whilst Rs 545 crore was once within the financial institution as fastened deposits, the rest Rs 47 crore was once in a flexi account.

The cash stored within the flexi account has been withdrawn and the rest Rs 545 crore might be transferred to a nationalised financial institution in two levels after their maturities on March 16 and March 29, the minister had stated.

Congress MLA Suresh Routray sought a explanation from the state executive as to why it allowed the SJTA to deposit the lord’s cash in a personal financial institution.

“We can now not tolerate wrong utilisation of Lord Jagannath”s cash. The Congress will release a statewide agitation challenging early restoration of the price range,” he stated.

The BJP stated the state executive should take speedy steps to recuperate the cash.

“No one together with the federal government and the SJTA has rights to meddle with the lord’s price range,” stated BJP chief Bhrugu Buxipatra.