Monday, November 18, 2024
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Union Home Minister Amit Shah Receives Rs 19.08 Crore Dividend From Repco Bank|Economy News


New Delhi: Repco Bank provided a cheque ofRs 19.08 crore in the direction of returns to Union Home Minister and Minister of Cooperation Shri Amit Shah in New Delhi.

“The cheque of Rs.19.08 crore towards dividend @ 25% on the share capital of 76.32 crore held by Government of India for the Financial Year 2023-24 was handed over by the Chairman Repco Bank, Shri E. Santhanam and Managing Director, Shri O. M. Gokul. Union Home Secretary Shri Ajay Kumar Bhalla, and Officer on Special Duty (OSD), MHA Shri Govind Mohan were also present on the occasion,” stated a main launch.

“Congratulations to Repco Bank on achieving the remarkable feat of registering a stellar growth rate of 11% in FY 2023-24. Today, on behalf of the MHA, received a cheque for ₹19.08 crore from the Chairman of Repco Bank, Shri E. Santhanam, and the Managing Director, Shri O. M. Gokul, as a dividend on the Government of India’s share capital. The bank, under the administrative jurisdiction of the MHA, has proven what commitment to serving the nation can achieve,” tweeted Shah.

Repco Bank is a Government of India Enterprise, under the management control of the Ministry ofHome Affairs The Bank uploaded 11% development in Business Mix throughout the FY 2023-24. As an exceptional accomplishment, today the Bank has actually gone across Business Mix of Rs.20,000 crore.





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