After Yes Bank Crisis, SJTA Says Yes To Union Bank Of India To Park Srimandir Funds
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Bhubaneswar, March 20 -- Puri: A day after Yes Bank remitted Rs 389-crore fixed deposit account of Shree Jagannath Temple Administration in Puri, to State Bank of India, the admin today revealed that Srimandir funds will be kept in Union Bank of India (UBI).
Informing the same, SJTA administrator (development) Ajay Kumar Jena said that both the Lord Jagannath Temple fund & corpus fund of shrine will be kept in Union Bank of India as long-term FD for a period of 3 years.
The decision was made based on a tender process today where UBI emerged as the top bidder promising a 5.75 per cent interest rate in comparison to Indian Bank and Canara Bank which offered 5.4 per cent and 5 per cent, respectively.
#CORRECTION: Lord Jagannath Temple fun...
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