Repco Bank has achieved a historic milestone, posting a net profit of Rs 140.41 crore for the financial year 2024–25, its highest ever since inception. In recognition of this remarkable performance, the bank has recommended a 30% dividend payout, also the highest in its history.
On Monday, Repco Bank formally handed over a dividend cheque of Rs 22.90 crore to the Union Home Minister and Minister of Cooperation, Amit Shah, at a ceremony held in New Delhi.
The cheque was presented by E. Santhanam, Chairman of Repco Bank; C. Thangaraju, Director – Repco Bank and Chairman of Repco Home Finance Ltd.; and O.M. Gokul, Managing Director of the bank. The event was also attended by Union Home Secretary Govind Mohan and Secretary, Border Management, Dr. Rajendra Kumar.
Based in Tamil Nadu, Repco Bank is a Government of India enterprise functioning under the administrative control of the Ministry of Home Affairs (MHA). The Central Government holds a 50.08% stake in the institution. Despite being a cooperative society, the bank has maintained a track record of profitability and consistent dividend declarations for over three decades.
The current year’s financial results mark a significant leap for the cooperative bank. Alongside the Rs 140 crore net profit, Repco Bank also achieved a business mix exceeding Rs 21,000 crore, reflecting steady growth in its core operations.
Amit Shah took to the social media platform X to acknowledge the bank’s performance. “Heartiest congratulations to Team Repco Bank for posting a profit of Rs 140 crore in the financial year 2024–25, which is the highest in the history of the cooperative society,” he wrote.
Shah further remarked that the bank, under MHA’s jurisdiction, had demonstrated “efficiency, dedication, and professionalism,” setting an example for the broader cooperative sector.
While the appreciation from the Minister of Cooperation is significant, the achievement is largely credited to the leadership of the bank’s current team.
E. Santhanam, Chairman of Repco Bank, has been instrumental in steering the institution through a competitive financial landscape, emphasizing prudent lending, digital integration, and customer-centric policies.
C. Thangaraju, who also serves as Chairman of Repco Home Finance Ltd., has played a dual role in aligning the bank’s housing finance wing with the bank’s broader financial objectives.
Meanwhile, Managing Director O.M. Gokul has been at the helm of day-to-day operations, driving profitability through operational efficiency, strategic partnerships, and risk management practices.
In his comments, Santhanam stated that the bank’s success was the result of collective effort and long-term vision. “This performance reflects the trust of our customers, the hard work of our employees, and our commitment to financial inclusion through cooperative principles,” he said.
The presence of senior bureaucrats such as Union Home Secretary Govind Mohan and Secretary, Border Management, Dr. Rajendra Kumar, at the event also underscored the Centre’s recognition of Repco Bank’s strategic and financial relevance within the MHA framework.
Repco Bank’s consistent profitability and governance model have often been cited as a benchmark within the cooperative banking sector. Its success story adds to the growing narrative around reform and modernization in India’s cooperative institutions, a key focus area for the Ministry of Cooperation.
With the dividend payout for 2024–25 now in place and appreciation from the highest levels of government, Repco Bank looks set to build further on its legacy of growth, stability, and service to its members. The bank’s leadership reiterated their commitment to maintaining momentum and exploring new avenues for expansion, particularly in underserved regions.
As India’s cooperative banking sector undergoes transformation, Repco’s performance stands as both a benchmark and a beacon, showing that professionalism and cooperative values can go hand in hand.