Rajnath Singh receives a dividend of Rs. 15.26 crore from REPCO Bank
Rajnath Singh receiving a dividend cheque of Rs. 15.26 crore for the year 2012 - 13 from the Managing Director of Repatriates Cooperative Finance and Development Bank Limited
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5 Dariya News
New Delhi , 15 Sep 2014
Union Home Minister Rajnath Singh received an amount of Rs.15.26 crore as pidend to the Government of India from the Managing Director of Repatriates Cooperative Finance and Development Bank Ltd. (REPCO Bank) Shri R. Vardarajan here today.REPCO Bank was set up in the year 1969 as a Society to help and promote the rehabilitation of repatriates from Sri Lanka, Myanmar, Vietnam and other countries. The total authorised capital of the Bank stood at Rs.500 crore against which the amount of subscribed capital is Rs.104 crore. The Government of India has 73.33% share, Government of Tamil Nadu 2.91%, Andhra Pradesh 1.73%, Kerala 0.59%, Karnataka 0.17% and repatriates have 21.28%.The Bank is under the administrative control of the Ministry of Home Affairs, Govt. of India and functions as a Multi State Cooperative Society.