Repco Bank
In today's world, Repco Bank has become a topic of great relevance and interest to a large number of people. Its impact extends to different aspects of daily life, from politics to entertainment. Without a doubt, Repco Bank has captured the attention of society as a whole and has generated an intense debate in different areas. In this article, we will explore in detail the various aspects related to Repco Bank, in order to provide a broad and complete overview of this fascinating topic.
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| Founded | 19 November 1969 in Mylapore, India |
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| Headquarters | T. Nagar, Chennai , India |
Area served | South India |
| Website | www |
Repco Bank (Repatriates Cooperative and Finance and Development Bank) is a cooperative bank established by the Government of India in 1969 to improve financial needs of repatriates from neighbouring countries mainly from Sri Lanka and Burma. It has been controlled by the Ministry of Home Affairs and operated only in the South Indian states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu. As of 2014, the shares of the bank are Government of India has 73.33%, repatriates has 21.28% and state governments Tamil Nadu has 2.91%, Andhra Pradesh has 1.73%, Kerala has 0.59% and Karanataka has 0.17%.
Subsidiaries
- Repco Home Finance limited (RHFL)
- Repco Micro Finance Limited (RMFL)
References
- ^ a b "Repco Bank looks at RBI policy to operate as commercial bank". Business Standard. 11 June 2012. Retrieved 28 October 2014.
- ^ "Repco bank in expansion mode in State". The Hindu. 25 December 2013. Retrieved 28 October 2014.
- ^ "Rs 15.26 crore dividend cheque from REPCO Bank". Economic Times. 15 September 2014. Retrieved 28 October 2014.
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