Priests and devotees of Lord Jagannath Temple have turn into apprehensive as a result of disaster at Yes Bank. Actually, the temple has greater than Rs 592 crore deposited within the financial institution.
Explain that the Reserve Bank of India (rbi) on Thursday imposed many restrictions on Yes Bank, which was in disaster. Under this, account holders will now not be capable to withdraw greater than Rs 50 thousand from Yes Bank. This withdrawal restrict will stay in drive until 3 April 2020.
In addition, the Reserve Bank of India has additionally appointed Prashant Kumar, former DMD and CFO of SBI, as Administrator for a month, withholding the rights of the board of administrators of Yes Bank. <! –
The financial institution has to date given Rs 52 crore in two phases. Of these, the financial institution had returned 18 crores within the first part and 34 crores within the second part. The financial institution had requested to pay Rs 371 crore on March 18, Rs 33 crore on March 25, Rs 123 crore on March 28 to the Shri Mandir administration to return the remaining quantity.
Seeing the rising concern of the devotees, State Law Minister Pratap Jena stated that the cash has been stored within the financial institution as a hard and fast deposit, it has not been deposited within the financial savings account. He stated that the federal government has already determined to switch this cash from Yes Bank to a nationalized financial institution. This mounted deposit is ending this month.
Jena stated that she had not spoken to the financial institution officers in regards to the matter but, however hoped that cash can be transferred from Yes Bank with none downside.
The Law Minister informed the Legislative Assembly final month that Lord Jagannath has a complete money of Rs 626.44 crore, out of which Rs 592 crore has been stored in Yes Bank. 545 crores is within the type of mounted deposits with the financial institution whereas the remaining 47 crores is deposited in a flexi account.