Repco Bank

Repco Bank
Founded19 November 1969; 54 years ago (1969-11-19) in Mylapore, India
HeadquartersT. Nagar,
Chennai
,
India
Area served
South India
Websitewww.repcobank.com

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

  • Repco Home Finance limited (RHFL)
  • Repco Micro Finance Limited (RMFL)

References

  1. ^ a b "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.
  • v
  • t
  • e
India Banking in India
Institutes
Central bank
Think tanks
Speciality banks
Other
Public-sector
banksPrivate-sector
banksForeign banks
Wholly owned subsidiary (WOS)
Wound up/closed (or in process)
Small finance banksPayments banks
Surrendered licencees
Wound up
Cooperative
banksRegional Rural
Banks
Andhra
Kerala
Uttar Pradesh
Defunct banks
Merged
PSB
SBI
Rescued
Acquired
PSB
Wound up
Failed
Liquidated
Networks
Interbank networks
  • Cirrus
  • NFS
  • PLUS
ATM networks
CardsOnline transfersPayment service
providers
Digital wallets
Related topics
Protocol and codes
Rates and ratios
Regulators
Insolvency, bankruptcy
and reconstruction
Boards
Legislation
Companies
  • ARCIL
  • Edelweiss ARC
  • IAMCL
Legislation
Tribunals
Measures
Other


Stub icon

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

  • v
  • t
  • e