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]
Repco Bank
Founded
19 November 1969; 54 years ago (1969-11-19) in Mylapore, India
repco, bank, repatriates, cooperative, finance, development, bank, cooperative, bank, established, government, india, 1969, improve, financial, needs, repatriates, from, neighbouring, countries, mainly, from, lanka, burma, been, controlled, ministry, home, aff. 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 Repco BankFounded19 November 1969 54 years ago 1969 11 19 in Mylapore IndiaHeadquartersT Nagar Chennai IndiaArea servedSouth IndiaWebsitewww wbr repcobank wbr comSubsidiaries editRepco Home Finance limited RHFL Repco Micro Finance Limited RMFL References edit 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 nbsp This Asian bank related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Repco Bank amp oldid 1215051441, wikipedia, wiki, book, books, library,
