A bank statement reported that Repco bank will be establishing fresh 12 news branches. The bank is aiming to expand its network by launching these additional banking outlets. With these branches bank will have nearly 100 branches by this fiscal year. A bunch of banking products like Repco Mahila deposit scheme- specila scheme for women which will provide mahila customers with an interest rate of 10.3% for tenure of 18 months.
Secondly the bank introduced Repco first which fill provide an interest rate of 10.25% for normal depositors and 10.75% for senior citizens.
With these schemes and branches bank is aiming to facilitate its customers with banking facilities at good interest rates. It is expected that with these offers bank will earn nearly a profit of 200 – 300 crore this fiscal year.