Repco Bank Submits ₹22.90 Crore Dividend Cheque to Union Minister After Record Profit in FY25

Repco Bank, under the Ministry of Home Affairs, achieved a record profit of ₹140 crore in FY2024-25 and presented a ₹22.90 crore dividend cheque to Union Minister Amit Shah. This marks a milestone in the cooperative banking sector.

₹140 Crore Profit Drives ₹22.90 Crore Dividend for FY25

Repco Bank, a Government of India Enterprise, posted a net profit of ₹140 crore for the financial year 2024-25, its highest ever. In recognition of this achievement, the bank declared a 30% dividend, amounting to ₹22.90 crore, which was handed over to Union Home Minister and Minister of Cooperation, Shri Amit Shah, in New Delhi.

Officials Present at the Dividend Ceremony

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

Continued Profitability of Repco Bank

Repco Bank has maintained a consistent track record of profitability for over three decades. The bank has continued to declare dividends regularly, solidifying its reputation within the cooperative sector. Its affiliation with the Ministry of Home Affairs further highlights the operational excellence and sectoral leadership it offers.

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A Model of Cooperative Banking Efficiency

Union Minister Amit Shah lauded Repco Bank’s performance via a post on ‘X,’ citing it as a model of efficiency, dedication, and professionalism. With over 50.08% government ownership, the bank serves as an example of how cooperative institutions can function profitably and serve public interest.

Conclusion

Repco Bank’s ₹140 crore net profit and ₹22.90 crore dividend distribution for FY2024 25 showcase its operational success and commitment to excellence. With strong government backing and a legacy of performance, it continues to be a beacon in the cooperative banking arena.

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