Tirupati
Tirupati Temple declares assets, says it has Rs 15,900 crore in cash and 10 tonnes of gold: Report
Tirumala Tirupati Devasthanams (TTD) has released a white paper declaring the list of assets, including gold deposits and fixed deposits, media reports said.
The report, released on Saturday, underscored that the TTD has strengthened its investment guidelines since 2019, NDTV reported.
The trust also dismissed social media reports that the TTD chairman and the board have decided to invest surplus funds in the Securities of the Andhra Pradesh government.
The trust says the surplus amounts are invested in scheduled banks.
In a press release, TTD said (when translated from Telugu): "Devotees of Srivari are requested not to believe such conspiratorial false propaganda. Cash and gold deposits made by TTD in various banks are done in a very transparent manner."
It has 10.3 tonnes of gold deposits in nationalised banks worth more than Rs 5,300 crore, the trust said, according to the report.
It has a cash deposit of Rs 15,938 crore, it added.
TTD pegged the total worth of its assets at Rs 2.26 lakh crore, reported Times of India.
"TTD's investments in the form of fixed deposits in various banks in 2019 was 13,025 crore, which has now increased to 15,938 crores. In the last three years, the investment increased by 2,900 crores," Reddy told the publication.
TOI also reported that the temple assets include 960 properties spread over 7,123 acres across India.
Donations by the devotees, businesses, and institutions comprise TTD's sources of income.
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