Top Qs
Timeline
Chat
Perspective
Repco Bank
Cooperative bank in India From Wikipedia, the free encyclopedia
Remove ads
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]
Remove ads
Subsidiaries
- Repco Home Finance limited (RHFL)
- Repco Micro Finance Limited (RMFL)
References
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads