Tirupati temple to draw monthly interest on Rs 12,000 crore deposits due to cash crunch
Apparently faced with a severe liquidity crunch due to a sharp fall in cash offerings by devotees to the Shri Venkateshwara temple on Tirumala, the Tirumala Tirupati Devasthanams on 28th August decided to convert its cash deposits worth over Rs 12,000 crore in various banks into the monthly mode.