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HC dismisses plea against TTD for depositing in pvt. bank - Maha Tv

Fri, Jul 27, 2018, 11:59 AM
High Court (HC) dismissed a petition by one Naveen Kumar of Tirupati, against Tirumala Tirupati Devasthanams (TTD), for deposititng huge cash in the private IndusInd Bank. The petitioner said this against rules. The TTD action was only to earn to more interest on deposits, Naveen Kumar said. Dismissing the petition, a two-judge bench of HC said that IndusInd is a scheduled bank and there is no harm in depositing money in it. As for nationalised banks, the court showed the example of Punjab National Bank, from which many customers withdrew their accounts.
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