Repco Bank

Repco Bank
	File:Repco.jpg
Founded	19 November 1969; 54 years ago in Mylapore, India
Headquarters	T. Nagar, Chennai, India
Area served	South India
Website	www.repcobank.com

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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)
Repco Foundation

References[edit]

↑ ^1.0 ^1.1 "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.

[1]

This Asian bank-related article is a stub. You can help Bharatpedia by expanding it.

[business-1] 1.0 ^1.1 "Repco Bank looks at RBI policy to operate as commercial bank". Business Standard. 11 June 2012. Retrieved 28 October 2014.

[2] "Repco bank in expansion mode in State". The Hindu. 25 December 2013. Retrieved 28 October 2014.

[3] "Rs 15.26 crore dividend cheque from REPCO Bank". Economic Times. 15 September 2014. Retrieved 28 October 2014.

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