Advertisement


Advertisement

Thread Rating:
  • 7 Vote(s) - 3.57 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Tirupati temple deposits 1,075 kilograms of gold with SBI
#1
Advertisement
Quote:The Tirupati Temple in Andhra Pradesh has for the first time deposited 1,075 kilograms of gold with the State Bank of India (SBI) owing to security concerns.

The Tirumala Tirupati Devasthanams (TTD) is an independent trust, which manages temples in Tirupati.

TTD officials said they were extremely happy about taking the step due to security reasons, and also for wanting to convert idle gold into a source of income.

"This is a great occasion. This is a win-win situation for both SBI and as far as TTD is concerned, this is the best part of it. When the proposal came and we were looking into it, some one or two other counterproposals came which made the SBI to up its interest rates also," said D. K. Adikesavulu, TTD Board Chairman.

Source
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  Four grams of gold free of cost for girls getting married: Jayalalithaa SRK 0 1,036 05-16-2011, 09:54 PM
Last Post: SRK
  Help: Tips for Purchasing Gold Jewelry in India Mr.AB 2 2,690 03-21-2011, 07:18 PM
Last Post: hallowendesh
  Help: Will gold and share prices stay high? Mr.AB 0 768 12-28-2010, 09:43 PM
Last Post: Mr.AB
  Help: Gold rush fails to hit Home Run Kanwar 0 669 12-23-2010, 03:15 PM
Last Post: Kanwar
Lightbulb A gold mine PinkAngele 1 948 09-09-2009, 05:08 PM
Last Post: Rdev

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement