Union Home Minister Amit Shah on Thursday received a dividend cheque of Rs 15.26 crore from the representatives of Repco Bank at New Delhi.
"Union Home Minister Amit Shah on Thursday received a dividend cheque of Rs 15.26 crore from the representatives of Repco Bank at New Delhi," a statement from Home Ministry read.
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 of May 2019, the Centre held 49.15 per cent of the share capital, the four southern state governments held 6.24 per cent and the remaining 45 per cent was held 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 a net profit of Rs 107 crore and declared a dividend of 20 per cent for its stakeholders.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app