Government of India had launched REPCO BANK Ltd. in 1969 with main objective of rehabilitating repatriates from Burma and Sri Lanka. Repco Bank Ltd, whose operation is confined in South India is governed by the Ministry of Home Affairs, Govt. of India. Its shareholders are Govt. of India, State governments of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala & individual Repatriate members. The bank operates in Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, and the Union Territory of Pondicherry.