The Tirumala Tirupati Devasthanams is yet to take a decision on joining the Central government’s Gold Monetisation Scheme.
The famous hill temple of Lord Venkateswara has huge gold reserves of over 5.5 tonnes.
TTD Executive Officer D. Sambasiva Rao told The Hindu that he had ad already asked all concerned to call for a meeting of the investment committee.
The TTD has a high-level investment committee with the likes of retired deputy governor of RBI, and retired Chairman of State Bank of India (SBI) K. Narasimha murthy, as its members. In all probability, the committee is likely to meet in a fortnight or before the month-end.
Dr. Sambasiva Rao said that “the gold is not lying idle with us. It has already been deposited with various nationalised banks.” He said several bankers had already approached the TTD. “We will definitely prefer the better option. Ultimately it is the higher returns that matter the most.”
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