Officially known as the NCT or the National Capital Territory, Delhi is a union territory and also the capital city and of India. Hence, it is the center of the National Capital Region (NCR). Although it is a union territory, the administration of Delhi closely resembles that of any Indian state as it has its own high court, legislature and an executive council headed by a Chief Minister. Delhi gives a tough competition to Mumbai in terms of population and wealth. It is the second wealthiest city in India, closely following Mumbai. It is also a tourism hub for its famous ancient historical relics. Heritage sites like the Qutub Minar, Humayun?s Tomb, Jama Masjid are hotspots for active tourism. Moreover, Delhi connects travelers to exciting destinations in the northern Himalayan Mountains. The city experiences a sub-tropical semi-arid climate ? the summer and winter months starkly contrast each other and are marked by temperatures at extreme ends. The city has an excellent infrastructure in terms of transport and connectivity. However, the pollution levels in the city have reached alarming levels of late. The people of Delhi, commonly known as ?Delhiites,? lovingly call their city ?Dilli? according to the Hindi pronunciation. Home to people from different parts of India, Delhi is indeed a melting pot of various cultures.
The SVC Cooperative Bank Limited is a banking company incorporated and one of the oldest Urban Co-operative Bank in India built in 1906. It was established with the primary aim of helping the less fortunate members of the community under the ambit of its economic enterprises. It was also to encourage savings and to create funds for providing financial aid to deserving members.Mr. Rao Bahadur Shripad Subbarao Talmaki was the chief architect of theShamrao Vithal Co-op. Bank Ltd. Bank. The Bank was initially registered as a Co-operative Credit Society on 27 December 1906. In 1907, cumulative deposit scheme, fixed deposit scheme and saving bank deposit were introduced by the bank. The bank in opened first Co-operative store in 1910. In 1915, the first Co-operative housing society was built in Bombay. In 1927, the Fidelity Guarantee Fund was launched simultaneously with Distress Relief Fund in 1931 and Staff Gratuity Fund in 1954. In 1964, Safe Deposit Vaults were introduced by the bank. In Fiscal 2016, the deposits of the bank crossed 13000 crores. In 2002, the corporate office was opened by the bank at SVC Tower in Vakola. In 2003, Genius I Core banking solution was implemented in all the branches of SVC bank.