Repco Bank
 | |
| Founded | 19 November 1969 in Mylapore, India |
|---|---|
| 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.[1] 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.[1][2] 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%.[3]
Subsidiaries
[edit]- Repco Home Finance limited (RHFL)
- Repco Micro Finance Limited (RMFL)
References
[edit]- 1 2 "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. Archived from the original on 18 September 2014. Retrieved 28 October 2014.
 | This Asian bank-related article is a stub. You can help Wikipedia by adding missing information. |
  | This article about an Indian company is a stub. You can help Wikipedia by adding missing information. |