Repco bank presented a cheque of Rs. 22.90 crore towards dividend for 2024-25 to Union Home Minister and Minister of Cooperation, Shri Amit Shah in New Delhi. Union Home Minister Congratulated Team Repco Bank for posting a profit of Rs.140 crore in the financial year 2024-25, which is the highest in the history of the cooperative bank.
Shri Amit Shah in a post on ‘X’ said the bank under the jurisdiction of the Ministry of Home affairs (MHA) has set an example of efficiency, dedication, and professionalism that will serve as an inspiration for the cooperative sector. All my best wishes to the team on their future journey.
The cheque was handed over by the Chairman of Repco Bank, Shri E. Santhanam, Director– Repco Bank & Chairman of Repco Home Finance Ltd., Shri C. Thangaraju, and Managing Director, Shri O.M. Gokul. Union Home Secretary, Shri Govind Mohan and Secretary, Border Management, Dr. Rajendra Kumar were also present on the occasion.
Repco Bank has posted a net profit of Rs.140 crore during the FY 2024-25 and paid 30% dividend, which is the highest in the history of the cooperative society. Repco Bank, is a Government of India Enterprise. The Government of India has 50.08% shares in Repco Bank and it comes under the administrative control of MHA. It is a continuous profit-making institution declaring dividend consistently for more than three decades.
