Repco Bank Declares Record Rs. 22.90 Crore Dividend For FY 2024-25 to Amit Shah

Repco Bank’s Rs. 140 crore profit for 2024-25 marks an unprecedented financial performance for the cooperative bank, reaffirming its status as a robust and efficient financial institution.

In a significant milestone for India’s cooperative banking sector, Repco Bank presented a cheque of Rs. 22.90 crore towards dividend for the financial year 2024-25 to Union Home Minister and Minister of Cooperation, Shri Amit Shah, at a ceremony in New Delhi. The bank’s remarkable achievement of posting a net profit of Rs. 140 crore for FY 2024-25 — the highest in its history — was lauded by the Union Home Minister, who congratulated the entire Repco Bank team for their dedication and professionalism.

Record-Breaking Profit and Dividend Declare a New Benchmark

Repco Bank’s Rs. 140 crore profit for 2024-25 marks an unprecedented financial performance for the cooperative bank, reaffirming its status as a robust and efficient financial institution. The bank declared a 30% dividend, reflecting consistent growth and sustained profitability, making it one of the most reliable dividend-paying cooperative banks in India.

This achievement underscores Repco Bank’s commitment to sound governance, prudent financial management, and customer-centric service, which have helped it maintain continuous profit-making for over three decades. The cooperative society’s ability to generate stable returns is a testament to its operational excellence and resilience in a competitive banking landscape.

Government of India’s Strategic Stake and Administrative Oversight

Repco Bank operates as a Government of India Enterprise, with the central government holding a majority shareholding of 50.08%. The bank functions under the administrative control of the Ministry of Home Affairs (MHA), highlighting the government’s focus on promoting cooperative banking as a pillar of inclusive economic growth.

The bank’s leadership structure, featuring experienced professionals and directors, has played a vital role in driving the institution’s strategic vision. At the cheque presentation ceremony, the cheque was handed over by:

• Shri E. Santhanam, Chairman of Repco Bank

• Shri C. Thangaraju, Director – Repco Bank and Chairman of Repco Home Finance Ltd.

• Shri O.M. Gokul, Managing Director of Repco Bank

The event was also graced by senior officials including Union Home Secretary Shri Govind Mohan and Secretary, Border Management, Dr. Rajendra Kumar, further underscoring the importance of Repco Bank’s contributions within the cooperative and banking sectors.

Union Home Minister Commends Repco Bank’s Performance and Professionalism

In his remarks, Shri Amit Shah praised Repco Bank as a shining example of efficiency and professionalism within the cooperative banking space. In a post on the social media platform ‘X’, the Union Home Minister stated:

"Repco Bank under the jurisdiction of the Ministry of Home Affairs has set an example of efficiency, dedication, and professionalism that will serve as an inspiration for the cooperative sector. All my best wishes to the team on their future journey."

He emphasized that the bank’s stellar performance is a beacon for other cooperative banks aiming to strengthen their financial health and contribute to India’s broader economic development.

Repco Bank’s Role in India’s Cooperative Banking Landscape

Established as a cooperative bank, Repco Bank has consistently contributed to financial inclusion and rural development by providing accessible banking and credit services to underserved segments. Over the decades, the bank has built a strong reputation for delivering sustainable returns to its members and stakeholders.

The bank’s consistent dividend payouts and robust profitability have strengthened the cooperative movement, encouraging greater participation and trust among depositors and borrowers alike.

Future Outlook and Strategic Vision

With the historic Rs. 140 crore profit and Rs. 22.90 crore dividend as a foundation, Repco Bank is well-positioned to expand its services and deepen its impact across India. The bank aims to leverage technology, enhance customer experience, and strengthen governance frameworks to maintain growth momentum.

The government’s continuing support and the bank’s professional management team will be crucial in navigating emerging challenges and opportunities in India’s dynamic financial ecosystem.

Repco Bank’s record financial performance and substantial dividend declaration for FY 2024-25 highlight its pivotal role in India’s cooperative banking sector. The bank’s journey of sustained profitability, efficient management, and commitment to stakeholders sets a benchmark for cooperative institutions nationwide.

As Repco Bank looks forward, it continues to exemplify the potential of cooperative banking to drive inclusive growth and contribute meaningfully to India’s economic progress.