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Repco Micro Finance Limited (RMFL) incorporated in the year 2007 as Repco MSME Development & Finance Ltd and registered as NBFC with Reserve Bank of India in year 2010. Later it was classified as NBFC-MFI in December 2013.The company is promoted by Repatriates Cooperative Finance & Development Bank Ltd.,(Repco Bank) which is a Govt. of India Enterprise.RMFL is engaged in the activity of extending loan to economically backward women through Women Self Help Group for income generation purposes.The main objective of the company is to assist the poor women for their upliftment, promoting entrepreneurship and providing micro credit/ finance in different loan cycle at reasonable rates of interest.Up scaling under privileged through financial inclusion and creation of first generation entrepreneurs’.
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Conveniently located customer touch points – Branches, Business Correspondents and ATM network
Less crowded branches and prompt service
Agents network which delivers banking services to the doorstep of the customer – instant credit to the account/ issue of receipts through online devices
Extended banking hours up to 6.00 p.m.- convenient to transact business in the late hours also;Young and energetic workforce with average age of 36 years
Service with local flavour – close to the heart of the customers through personalised service and Relationship Management.
Capital Adequacy ratio of 21.25% (as at March 2019)
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The Enhanced Mobile Banking App From Repco Bank
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