Yes Bank remits Puri temple’s Rs 397 crore
Yes Bank on Thursday remitted Rs 397 crore to the Shree Jagannath Temple’s SBI account, Puri.
It made it clear that the rest of the money deposited with the bank will be remitted on March 30.
In a letter to the Shree Jagannath Temple Administration (SJTA) chief administrator Krishan Kumar, senior vice-president of the Yes Bank Jaydev Das, wrote: “We have remitted Rs 397,23,27,636 (principal amount of Rs 389 crore and interest Rs 8,23,27,636 to the designated SBI account number 10913111382 of Jagannath Temple corpus fund, SBI main branch Puri.”
Das said as per the term of condition of the fixed deposit placed with the bank, the Yes Bank Ltd has fully paid all the quarterly interest on time up to December 31, 2019.
“The remaining interest that is accrued till March 19, 2020, has been remitted along with the principal amount of Rs 389 crore to SBI account of the Jagannath Temple Corpus Fund,” he said in his letter.
On the issue of SJTA’s demand to release all its Rs 545-crore fixed deposits, Das said, “Two more FDs of total Rs 156 crore is also under no-premat option which does not allow bank to pay prematurely... we shall remit the principal amount of Rs 156 crore and interest upto date on the date of maturity on March 30, 2020.”