Tirupati Temple Trust declares assets, says has over 10 tonnes of gold, ₹15,900 cr in cash
2 min read . Updated: 06 Nov 2022, 02:57 PM IST
Premium- TTD pegged the total worth of its assets at ₹2.26 lakh crore
The Tirumala Tirupati Devasthanams (TTD) on Saturday released a white paper and declared the list of its assets including fixed deposits and gold deposits. The temple trust said that it has 10.3 tonnes of gold deposits in nationalised banks worth more than ₹5,300 crore. It has a cash deposit of ₹15,938 crore.
The TTD declared that the present trust board has strengthened its investment guidelines since 2019 and denied social media reports that the TTD chairman and the board had decided to invest surplus funds in the Securities of the Andhra Pradesh government.
The trust said that the surplus amounts are invested in scheduled banks. In a press release, Tirumala Tirupati Devasthanams said, "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,"
TTD pegged the total worth of its assets at ₹2.26 lakh crore, according to report by Times of India. AV Dharma Reddy, TTD executive officer told the Times of India that the net worth of the temple trust has gone up to ₹2.26 lakh crore.
"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," Mr Reddy told the publication.
According to bank-wise investment shared by the trust, TTD has 7339.74 tons of gold deposit in 2019 and 2.9 tons were added in the last three years.
The temple assets include 960 properties spread over 7,123 acres across India, TOI reported.
In a status note the TTD said as per TTD Rules, it had invested in Scheduled Banks at the H1 rate of interest only.
The income made by the temple comes from donations by the devotees, businesses and institutions.
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