Shah receives dividend cheque for 2018-19 from Repco Bank representatives

Speed Post News Network

New Delhi : Union Home Minister Amit Shah received a dividend cheque of Rs. 15.26 crore from the representatives of Repco Bank in New Delhi on July 25, 2019.

Repco Bank is a multi state cooperative society established in 1969 by the Government of India for the rehabilitation of repatriates from Burma and Sri Lanka and is under the administrative control of Ministry of Home Affairs. As on March 31, 2019, the Government of India held 49.15% of the share capital, the four southern State Governments held 6.24%, and the remaining 45% by individual repatriates.

For the last financial year 2018-19, the total business mix of the Bank was Rs 15,230 crore. The Bank posted Net Profit of Rs 107 crore and declared a dividend of 20% for its stakeholders. Dr  P Senthilkumar, Chairman, Repco Bank, and R S Isabella, Managing Director, Repco Bank, presented the dividend cheque for FY 2018-19 to Union Home Minister Amit Shah in the presence of Krishna Bahadur Singh, Joint Secretary (Freedom Fighters & Rehabilitation Division), Ministry of Home Affairs, according to a PIB release.