TTD deposits Rs 4,000 crore in two banks

AK Singhal, TTD Executive Officer, told reporters here that several nationalised and private banks took part in the tender process recently, after which about Rs 3,000 crore was deposited with Andhra Bank BSE 3.84 % at 7.32 per cent. Another Rs 1,000 crore was deposited with IndusInd Bank that quoted 7.66 per cent interest, he said. 

Singhal also denied media reports of irregularities in putting the deposits in these two banks. 

It may be recalled that TTD which manages world’s richest temple, had deposited 2,780 kg of gold with State Bank of India under gold monetisation scheme.