Kozhikode is a thriving city in the Indian state of Kerala. Nestling peacefully along the Malabar Coast, this city is popularly known as Calicut. The Kozhikode metropolitan area happens to be the second largest urban agglomeration in the state with a population of over 2 million. This city was earlier a major trading point of eastern spices and was hence called the "City of Spices." Kozhikode received the tag of the "City of Sculptures" or "Shilpa Nagaram" on 7th June 2012 because of the magnificent architectural sculptures around the city. Kozhikode has a strong mercantile aspect and business drives the economy of the city. One can find shops selling everything from saris to cosmetics in the Mittai Theruvu area which is undoubtedly a shoppers paradise. There are innumerable restaurants and sweetmeat shops in Kozhikode. Shopping malls are plentiful in and around Calicut. The city is home to some prestigious educational institutions like the Indian Institute of Management (IIM) Kozhikode and the famous Calicut Medical College.
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.