The Union Home Minister Shri Amit Shah received a dividend cheque of ₹22.90 crore from Repco Bank for the financial year FY 2025‑26. The dividend, paid at a 30% rate on the government’s share capital of ₹76.32 crore, reflects the bank’s record net profit of ₹169 crore, the highest ever in its history.
Key Developments
- Union Home Minister Shri Amit Shah received a dividend cheque of ₹22.90 crore from Repco Bank.
- The dividend corresponds to a 30% payout on the government’s share capital of ₹76.32 crore.
- Repco Bank reported a net profit of ₹169 crore for FY 2025‑26, its highest ever.
- The bank’s total business mix crossed ₹26,000 crore as on 30 June 2026.
- Senior officials from the Ministry of Home Affairs, including Union Home Secretary Shri Govind Mohan, were present at the ceremony.
Important Facts
Repco Bank operates under the Ministry of Home Affairs. The bank has a long‑standing practice of paying dividends to its shareholders for more than three decades. The current dividend reflects a healthy dividend payout and underscores the bank’s profitability.
Exam Relevance
Understanding the performance of cooperative banks like Repco is important for GS 3 (Economy) as it illustrates the role of public‑sector financial institutions in financial inclusion and fiscal stability. The involvement of the MHA highlights inter‑ministerial oversight of financial entities, a point relevant for GS 2 (Polity). The data on dividend payout and net profit can be used to assess the health of the cooperative banking sector, a topic often asked in the economy paper.
Way Forward
- Maintain transparent reporting of profits and dividends to build stakeholder confidence.
- Leverage the strong financial position to expand credit to underserved segments, aligning with the government’s financial inclusion agenda.
- Encourage other cooperative banks under various ministries to adopt similar profit‑sharing practices.
- Monitor the impact of such profitable cooperative banks on the broader banking sector and fiscal health.
Overall, the dividend receipt underscores the effective governance of Repco Bank and its contribution to the government’s financial assets.