The
Repco Bank, which has been accumulating losses
for over 19 years, turned corner within three
years of the present incumbent assuming charge
as Managing Director. Entire loss wiped out and
the Bank has been consistently paying maximum
dividend since 1992-93, thanks to the valuable
support from Govt. of India, Southern State Govts.,
stake holders and zealous staff of the Bank. Among
several other accomplishments during 1987-2006
a few major ones are highlighted below:
Number
of Branches increased from 2 to 43 covering
five States.
Business
per employee raised from a mere few thousands
to Rs.3.28 crore.
Bank’s
networth grew from Rs.0.22 crores in 1991-92
to Rs.41.08 Crore as on 31.03.06.
Consistently
maintaining high level of recovery percentage
(90%) and negligible NPAs.
All
Branches computerised / Consistently paying
highest permissible dividend since 1992-93.
Acquired
own building for Head Office, Staff College
and Several Branches
Deposits
increased from Rs.5.23 Crores in 1991-92 to
Rs.668.42 Crore as on 31.03.06.
Advances also grew from Rs.7.55 Crores in
1991-92 to Rs.522.58 Crore as on 31.03.06.
Entry
into Microfinance and Insurance sectors./Bank
has been rated “A” grade continuously.
Successful
launching of a wholly owned subsidiary ‘Repco
Home Finance Ltd.’ for home
finance activities covering the entire country
in May 2000.
Micro
finance through Self-Help Group is being extended
since 2001-2002. An exclusive Foundation,
Repco Foundation for Micro Credit to add further
momentum has been set up.
