Repco Bank Presents Record Dividend Cheque to HM Shah
Union Home Minister Amit Shah praises cooperative bank for its highest-ever profit, setting a new benchmark for the sector.
GG News Bureau
New Delhi, 4th Aug: Repco Bank, a Government of India enterprise under the administrative control of the Ministry of Home Affairs (MHA), today presented a cheque of ₹22.90 crore towards its dividend for the financial year 2024-25 to Union Home Minister and Minister of Cooperation, Shri Amit Shah.
The presentation follows a historic year for the cooperative bank, which posted its highest-ever net profit of ₹140 crore in FY 2024-25. The ₹22.90 crore cheque represents a 30% dividend payout, which is also the highest in the institution’s history.
In a post on the social media platform ‘X,’ Shri Shah congratulated the bank’s team for their performance. He lauded the bank, which falls under the MHA’s jurisdiction, for setting “an example of efficiency, dedication, and professionalism that will serve as an inspiration for the cooperative sector.” He also extended his best wishes for the bank’s future endeavors.
The dividend cheque was handed over to the Union Minister by Repco Bank’s Chairman, Shri E. Santhanam, Director & Chairman of Repco Home Finance Ltd., Shri C. Thangaraju, and Managing Director, Shri O.M. Gokul. Also present at the event were Union Home Secretary, Shri Govind Mohan, and Secretary, Border Management, Dr. Rajendra Kumar.
Repco Bank, in which the Government of India holds a 50.08% stake, has maintained a continuous record of profitability and consistent dividend declaration for over three decades, according to the bank’s officials.
