Repco Bank

Repco Bank is a cooperative bank established by the Government of India in 1969 to improve financial needs of repatriates from neighbouring countries mainly from Sri Lanka and Burma. It has been controlled by the Ministry of Home Affairs and operated only in the South Indian states of Andhra Pradesh, Karnataka, Kerala, and Tamil Nadu. As of 2014, the shares of the bank are Government of India has 73.33%, repatriates has 21.28% and state governments Tamil Nadu has 2.91%, Andhra Pradesh has 1.73%, Kerala has 0.59%, and Karnataka has 0.17%.

Repco Bank operates in the finance, financial services, and banking industries. However, further details such as the headquarters, last investment, and last investment investors are not available at the moment. Nevertheless, given its long history and focus on a specific niche, Repco Bank presents an interesting opportunity for potential investors in the financial sector given its unique positioning and government backing.