Founded | 19 November 1969 in Mylapore, India |
---|---|
Headquarters | T. Nagar, Chennai , India |
Area served | South India |
Website | www |
Repco Bank (Repatriates Cooperative and Finance and Development 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. [1] 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. [1] [2] 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 Karanataka has 0.17%. [3]
Tamil Nadu is the southernmost state of India. The tenth largest Indian state by area and the sixth largest by population, Tamil Nadu is the home of the Tamil people, who speak the Tamil language—the state's official language and one of the longest surviving classical languages of the world. The capital and largest city is Chennai.
South India, also known as Southern India or Peninsular India, is the southern part of the Deccan Peninsula in India encompassing the states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Telangana as well as the union territories of Lakshadweep and Puducherry, occupying 19.31% of India's area and 20% of India's population. It is bound by the Bay of Bengal in the east, the Arabian Sea in the west and the Indian Ocean in the south. The geography of the region is diverse, with two mountain ranges, the Western and Eastern Ghats, bordering the plateau heartland. The Godavari, Krishna, Kaveri, Penna, Tungabhadra and Vaigai rivers are important non-perennial sources of water. Chennai, Bangalore, Hyderabad, Coimbatore and Kochi are the largest urban areas in the region.
A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. In some variations of chit funds, the savings are for a specific purpose. Chit funds are often microfinance organizations.
The administrative divisions of India are subnational administrative units of India; they are composed of a nested hierarchy of administrative divisions.
Tiruttani is a historic temple town situated in the Tiruvallur district and serves as a suburb of Chennai within the Chennai Metropolitan Area in the southern Indian state of Tamil Nadu. The town is famous for the Tiruttani Murugan Temple, an ancient Hindu temple dedicated to Kartikeya, also known as Murugan, the Hindu god of war. This temple is one of the Arupadaiveedu, a group of six significant abodes of Murugan. Tiruttani was officially incorporated into the Chennai Metropolitan Area in October 2022, signifying its growing importance and influence within the region..
The economy of South India after independence in 1947 conformed to a socialist framework, with strict governmental control over private sector participation, foreign trade and foreign direct investment (FDI). Through 1960s–1990s, South Indian economies experienced mixed economic growth. In the 1960s, Kerala achieved above-average economic growth, while Andhra Pradesh's economy declined during this period. Similarly, Kerala experienced an economic decline in the 1970s while the economies of Tamil Nadu, Andhra Pradesh, and Karnataka consistently exceeded national average growth rates after 1970. South India first started to overtake the rest of India economically in the 1980s. Andhra Pradesh, Tamil Nadu and Karnataka were noted by some to be more reform-oriented in terms of economic policy when compared to other Indian states. Over the last decade South India has grown at 8% annually. Future savings may be negatively impacted by a growth in an aging population in South Indian states, as the aging population will require more money for healthcare expenses. However, this will not severely impact state domestic product as India's overall population is also expected to decline. Today, South India has about 20% of India's population, and contributes about 31% of India's GDP; it is projected to contribute 35% by 2030.
Srikalahasti is a town in Tirupati district located in the Indian state of Andhra Pradesh. It is a municipality and the revenue division of Srikalahasti mandal and Srikalahasti revenue division. It is a part of the Tirupati Urban Development Authority, which is located on the banks of the River Swarnamukhi.
The Karnataka Cooperative Milk Producers' Federation Limited (KMF) is a dairy cooperative from Karnataka, India, which sells products such as milk, curds, ghee, butter, ice cream, chocolates, and sweets under the brand name Nandini. It is a federation of milk producers under the ownership of Ministry of Cooperation, Government of Karnataka. Almost every district in Karnataka has milk-producing co-operatives. The milk is collected from farmers who are its members, processed and sold in the market under the Nandini brand. It is the second-largest milk co-operative in India after Amul.
Tamil Nadu has the second largest state economy in India. The state also hosts the highest number of factories in the country. The state is 48.40% urbanised, accounting for around 9.26% of the urban population in the country, while the state as a whole accounted for 5.96% of India's total population in the 2011 census. Services contributes to 54% to the gross domestic product of the state, followed by manufacturing at 33% and agriculture at 13%.
Chodavaram is a town in Anakapalli district in the Indian state of Andhra Pradesh. The town is located on the country's east coast. It falls under Visakhapatnam Metropolitan Region Development Authority. The town has one of the largest cooperative Sugar factories in state.
Sengottai is a town in the Tenkasi district, of Tamil Nadu, India. It is the gateway to southern Tamil Nadu and Kerala. Spread over an area of 2.68 km2 with a population of over 26,823, the economy of the town and Sengottai Taluk revolves around the cultivation of rice,coconut,Mango,clove and pepper. Sengottai is well known in Tamil Nadu as a major market of Dosa kal. This town has lot of Black smith shops.
The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.
The following outline is provided as an overview of, and topical guide to, India:
Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance, Government of India, Sponsored Bank and concerned State Government in the ratio of 50:35:15 respectively. They were created to serve rural areas with basic banking and financial services. However, RRBs also have urban branches.
Konijeti Rosaiah was an Indian politician who served as the 15th chief minister of Andhra Pradesh from 2009 to 2010. He also served as the Governor of Tamil Nadu from 2011 to 2016 and the Governor of Karnataka for two months. He was previously an MLC, MLA and MP from the Indian National Congress numerous times and handled many ministerial posts over his political career spanning over half a century.
Karnataka is a state in the southern part of India. It was created on 1 November 1956, with the passing of the States Reorganisation Act. Karnataka is bordered by the Arabian Sea to the west, Goa to the north-west, Maharashtra to the north, Telangana and Andhra Pradesh to the east, Tamil Nadu to the south-east, and Kerala to the south-west. The state covers an area of 74,122 sq mi (191,976 km2), or 5.83% of the total geographical area of India. It comprises 30 districts. Kannada is the official language of Karnataka and as per the 2011 census is the mother tongue of 66.5% of the population. Various ethnic groups with origins in other parts of India have unique customs and use languages at home other than Kannada, adding to the cultural diversity of the state. Significant linguistic minorities in the state in 2011 included speakers of Urdu (10.8%), Telugu (5.8%), Tamil (3.5%), Marathi (3.4%), Hindi (3.2%), Tulu (2.6%), Konkani (1.3%) and Malayalam (1.3%).
Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges. Their main objective is social welfare.
Lakshmi Vilas Bank was an Indian private sector bank established in 1926 in Karur, Tamil Nadu. As of November 2020, the bank had 566 branches in 19 states and 1 union territory. On 27 November 2020, the bank was merged into the Indian subsidiary of DBS Bank.