**Repco Bank Achieves Record Profits in FY 2024-25**
Union Home Minister Amit Shah, who also oversees the Co-operation portfolio, has extended his heartfelt congratulations to Repco Bank for achieving record profits in the financial year 2024-25. The bank reported a profit of ₹140 crore, marking the highest earnings in its history as a cooperative society. Shah shared this news on X, praising Team Repco Bank for their efficiency, dedication, and professionalism, which he believes will inspire the cooperative sector.
Established on November 19, 1969, Repatriates Cooperative Finance and Development Bank Ltd. (REPCO BANK) operates under the Madras Cooperative Societies Act, 1961, and serves the states of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, and the Union Territory of Puducherry. The bank has set a benchmark for excellence within the cooperative framework.
On the same day, the Union Minister received a dividend check of ₹22.90 crore from the bank’s top officials, including Chairman Shri E. Santhanam, Director Shri C. Thangaraju, and Managing Director Shri O.M. Gokul. This transaction underscores the bank’s robust financial health and commitment to its stakeholders.
The Ministry of Cooperation, established on July 6, 2021, reflects India’s dedication to strengthening the cooperative sector. With over 8.44 lakh cooperatives across the country, including 2 lakh credit cooperatives and 6 lakh non-credit cooperatives in various sectors such as housing, dairy, and fisheries, the cooperative movement plays a vital role in India’s economic landscape.
A cooperative is defined as an autonomous association of individuals who voluntarily unite to fulfill their common economic, social, and cultural needs through a jointly owned and democratically controlled enterprise.
In conclusion, Repco Bank’s impressive financial performance not only highlights its operational success but also serves as a model for other cooperatives in India, reinforcing the importance of professionalism and dedication in the sector.
**FAQ**
**What is Repco Bank’s recent financial achievement?**
Repco Bank reported a record profit of ₹140 crore for the financial year 2024-25, the highest in its history as a cooperative society.
