Repco Bank Presents ₹22.90 Crore Dividend Cheque to Union Home Minister Amit Shah

New Delhi,  — In a significant milestone for India’s cooperative banking sector, Repco Bank has presented a dividend cheque of ₹22.90 crore for the financial year 2024–25 to the Union Home Minister and Minister of Cooperation,  Amit Shah. The cheque handover ceremony took place in New Delhi and marks a record-setting year for the bank, which posted its highest-ever net profit of ₹140 crore.

Union Home Minister Amit Shah congratulated the entire team of Repco Bank for their exceptional performance and lauded the institution for setting a benchmark in the cooperative sector.

Taking to social media platform ‘X’, Shah wrote that the bank, operating under the jurisdiction of the Ministry of Home Affairs (MHA), has demonstrated a high standard of efficiency, dedication, and professionalism. He expressed confidence that Repco Bank will continue to inspire other cooperative institutions across the country.

The cheque was officially handed over by  E. Santhanam, Chairman of Repco Bank;  C. Thangaraju, Director – Repco Bank and Chairman of Repco Home Finance Ltd.; and O.M. Gokul, Managing Director of the bank. The event was also attended by Union Home Secretary  Govind Mohan and Secretary of Border Management, Dr. Rajendra Kumar.

Repco Bank’s declared dividend of 30% for FY 2024–25 is the highest in its history as a cooperative society. Established as a Government of India enterprise, Repco Bank functions under the administrative control of the Ministry of Home Affairs, with the Government of India holding a 50.08% stake in the institution.

The bank has a long and consistent track record of profitability and dividend distribution, having remained a continuous profit-making institution for over three decades. Its financial performance this year further strengthens its position as a model cooperative bank committed to both fiscal prudence and social responsibility.

As the government continues to push for a stronger and more self-reliant cooperative ecosystem under the Azadi Ka Amrit Mahotsav initiative, Repco Bank’s achievements are being hailed as a testament to the sector’s untapped potential when managed with transparency, discipline, and community-oriented goals.

The recognition of Repco Bank’s accomplishments by the Union Minister highlights the growing importance of the cooperative banking network in India’s financial architecture, especially as the country strives to achieve inclusive growth and rural economic empowerment.