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Tirupati temple trust declares assets worth Rs 2.26 lakh crore, over 10 tonnes of gold,  Rs 15,938 crore in cash

The organisation that manages the Tirumala Tirupati Devasthanams (TTD), released a white paper in which it listed all of its assets, including gold deposits and fixed deposit accounts.

By wasmulhaq 
Updated Date

Tirupati: The organisation that manages the Tirumala Tirupati Devasthanams (TTD), released a white paper in which it listed all of its assets, including gold deposits and fixed deposit accounts. The trust claimed to have assets worth Rs 2.26 lakh crore, including over 10 tonnes of gold and Rs 15,938 crore in cash.

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However, the trust referred to social media claims claiming TTD had chosen to invest excess cash in the bonds and securities of the Andhra Pradesh government as inaccurate and incorrect. It stated that the surplus funds were placed in scheduled banks.

According to TTD guidelines, quotations  were invited from scheduled banks with the highest credit ratings for gold deposits, and banks facing PCA (prompt corrective action) by the RBI were not invited at all.

The government mint received all of Srivari Hundi’s gold donations as part of a 12-year gold depositable monetization plan. And all donations got by a bank are deposited in the same bank. The coins of parakamani collected by any bank were also deposited in the same bank.

 

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