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Subba Reddy's foresight saves TTD funds!


tamu

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Tirumala Tirupati Devasthanams, which manages India’s richest temple, would have lost huge funds to the extent of nearly Rs 1300 crore, had YSR Congress leader and TTD trust board chairman Y V Subba Reddy not acted with foresight three months ago.

The TTD had deposited Rs 1300 crore in Yes Bank, a popular private sector bank, during the previous Telugu Desam Party regime and the deposits got matured by October end. 

The present TTD trust board headed by Subba Reddy could have extended the term of the deposits in Yes Bank, but he took a wise decision: to withdraw the deposits of the TTD in all the private sector banks and transfer them to only nationalised banks.

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48 minutes ago, tamu said:

Tirumala Tirupati Devasthanams, which manages India’s richest temple, would have lost huge funds to the extent of nearly Rs 1300 crore, had YSR Congress leader and TTD trust board chairman Y V Subba Reddy not acted with foresight three months ago.

The TTD had deposited Rs 1300 crore in Yes Bank, a popular private sector bank, during the previous Telugu Desam Party regime and the deposits got matured by October end. 

The present TTD trust board headed by Subba Reddy could have extended the term of the deposits in Yes Bank, but he took a wise decision: to withdraw the deposits of the TTD in all the private sector banks and transfer them to only nationalised banks.

Good move

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2 hours ago, tamu said:

Tirumala Tirupati Devasthanams, which manages India’s richest temple, would have lost huge funds to the extent of nearly Rs 1300 crore, had YSR Congress leader and TTD trust board chairman Y V Subba Reddy not acted with foresight three months ago.

The TTD had deposited Rs 1300 crore in Yes Bank, a popular private sector bank, during the previous Telugu Desam Party regime and the deposits got matured by October end. 

The present TTD trust board headed by Subba Reddy could have extended the term of the deposits in Yes Bank, but he took a wise decision: to withdraw the deposits of the TTD in all the private sector banks and transfer them to only nationalised banks.

Good... Man..

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