On Saturday, Tirumala Tirupati Devasthanams (TTD) launched a white paper and declared the listing of its belongings together with fastened deposits and gold deposits. The TTD declared that the current belief board has strengthened its funding tips since 2019.
The belief additionally denied social media studies that the TTD chairman and the board had determined to speculate surplus funds within the Securities of the Andhra Pradesh authorities. The belief says the excess quantities are invested in scheduled banks. In a press launch, TTD mentioned (when translated from Telugu): “Devotees of Srivari are requested to not imagine such conspiratorial false propaganda. Money and gold deposits made by TTD in numerous banks are completed in a really clear method.”
The temple belief mentioned that it has 10.3 tonnes of gold deposits in nationalised banks price greater than Rs 5,300 crore. It has a money deposit of Rs 15,938 crore.
TTD pegged the overall price of its belongings at Rs 2.26 lakh crore, reported Occasions of India. AV Dharma Reddy, TTD government officer advised the Occasions of India that the online price of the temple belief has gone as much as Rs 2.26 lakh crore. “TTD’s investments within the type of fastened deposits in numerous banks in 2019 was 13,025 crore, which has now elevated to fifteen,938 crores. Within the final three years, the funding elevated by 2,900 crores,” Mr Reddy advised the publication.
In accordance with bank-wise funding shared by the belief, TTD has 7339.74 tons of gold deposit in 2019 and a couple of.9 tons have been added within the final three years.
TOI additionally reported that the temple belongings embrace 960 properties unfold over 7,123 acres throughout India.
In a standing observe the TTD mentioned as per TTD Guidelines, it had invested in Scheduled Banks on the H1 charge of curiosity solely.
The revenue made by the temple comes from donations by the devotees, companies and establishments.
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