HC notices to TTD board on private bank deposits - Tv9
Mon, Apr 23, 2018, 04:08 PM
High Court (HC) has issued notices to Tirumala Tirupati Devasthanams (TTD) Executive Officer (EO), Endownments Commissioner and IndusInd Bank for depositing Rs. 1,000 cr. of devotees offerings in the private bank. HC heard a petition by a Tirumala devotee, Naveen Kumar, who said that it is against the rules for TTD to made deposits in private banks. It is not safe, he said. Also he questioned the TTD's response that they did so only because they would get higher rate of interest.