Devotees of Lord Jagannath and clergymen on the centuries-old temple in Puri are anxious following Reserve Financial institution of India restrictions on Sure Financial institution the place Rs 545 crore is deposited within the deity’s title.
The RBI has capped withdrawals from Sure Financial institution at Rs 50,000 for the following one month and imposed strict limits on operations after the cash-starved lender confronted “common outflow of liquidity” following an effort to lift new capital failed.
The RBI restrictions on Sure Financial institution have led to panic a number of the devotees, mentioned senior ”Daitapati” (servitor) Binayak Dasmohaopatra.
“We call for a radical probe and motion towards the individuals accountable for depositing the sort of large quantity in a non-public financial institution for a bit extra passion,” he mentioned.
“It’s unlawful in addition to unethical to deposit the lord’s price range in a non-public financial institution. Shree Jagannath Temple Management (SJTA) and the Temple’s Managing Committee will have to be held accountable for the uncertainty,” mentioned Jagannath Sena convenor Priyadarshi Patnaik.
He mentioned a criticism was once filed at a police station in Puri challenging probe over depositing the cash in a non-public financial institution, however no motion was once taken.
Allaying considerations, Legislation Minister Pratap Jena mentioned the cash is with the financial institution as fastened deposits and no longer in a financial savings account.
“The federal government has already made up our minds to switch the price range from Sure Financial institution to a nationalised financial institution after tenures of the fastened deposits finish this month,” he mentioned.
Requested whether or not the federal government has taken up the subject with the RBI, the minister mentioned, “I’ve no longer talked to the financial institution government thus far. I’m positive, we can switch the cash from Sure Financial institution with none downside.”
Former legislation minister and ex-Puri MLA Maheswar Mohanty mentioned it was once no longer right kind to stay the cash with a non-public financial institution for extra passion.
“The SJTA will have to instantly take in the subject with the RBI and be sure that the cash is protected,” Mohanty mentioned.
The legislation minister ultimate month advised the meeting that of the lord”s overall Rs 626.44 crore, Rs 592 crore was once stored in Sure Financial institution. Whilst Rs 545 crore was once within the financial institution as fastened deposits, the remainder Rs 47 crore was once in a flexi account.
The cash stored within the flexi account has been withdrawn and the remainder Rs 545 crore can be transferred to a nationalised financial institution in two stages after their maturities on March 16 and March 29, the minister had mentioned.
Congress MLA Suresh Routray sought a explanation from the state executive as to why it allowed the SJTA to deposit the lord’s cash in a non-public financial institution.
“We will be able to no longer tolerate wrong utilisation of Lord Jagannath”s cash. The Congress will release a statewide agitation challenging early restoration of the price range,” he mentioned.
The BJP mentioned the state executive will have to take rapid steps to get well the cash.
“No one together with the federal government and the SJTA has rights to meddle with the lord’s price range,” mentioned BJP chief Bhrugu Buxipatra.