• REPCO Bank presented a cheque of Rs 22.90 crore towards dividend for 2024-25 to Union Home Minister Amit Shah in New Delhi on August 4. 

• REPCO Bank is a government of India enterprise under the administrative control of the Ministry of Home Affairs.

• The bank has posted a net profit of Rs 140 crore in the financial year 2024-25 and paid 30 per cent dividend. 

REPCO Bank

• Repatriates Cooperative Finance and Development Bank Ltd. (REPCO BANK) was registered on November 19, 1969, as a cooperative society under the relevant provisions of the Madras Cooperative Societies Act, 1961, with jurisdiction over the State of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala and the Union Territory of Puducherry.

• It was established to promote rehabilitation activities for repatriates from neighbouring countries, mainly from Sri Lanka and Burma (Myanmar).

• Though originally registered under the Madras Cooperative Societies Act, of 1961, the bank is deemed to be registered under the Multi-State Cooperative Societies Act, 2002.

• The bank is under the administrative control of the Freedom Fighters & Rehabilitation Division, the Ministry of Home Affairs.

• The total authorised share capital of the bank is Rs 500.25 crore.

• The government of India has 50.08 per cent shares in Repco Bank. 

• The management of the Bank vests in a Board of Directors. 

• The Board of Directors consists of senior-level IAS officers from central and state governments, elected directors among the elected delegates, and a managing director.

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