Yes Bank Crisis: Odisha urges FM to release Jagannath temple funds

Odisha Finance Minister Niranjan Pujari has requested Union Finance Minister Nirmala Sitharaman to instruct the Reserve Bank of India (RBI) to allow release of Rs 545 crore deposited by Shree Jagannath Temple Administration (SJTA) in Yes Bank. Since the RBI imposed a moratorium on the cash-starved Yes Bank and capped withdrawals at Rs 50,000, the opposition parties in the state have been targeting the state government over its decision to park the huge sum of money in a private bank instead of a nationalised bank.