Mau is a town located in the Mau district of the Indian state of Uttar Pradesh. It is officially known as Maunath Bhanjan and it serves as the headquarter of the district. The city has a population of around 22 lakh people and the city celebrates various festivals like Holi, Diwali, Eid, Muharram, Durga Puja, Vijayadashami, Christmas, Bhaiya Duj, Chhath Puja, etc. with grand pomp and show. Mau is an industrial town. The textile industry of Benares and Mubarakpur saw a gradual decline over the last few decades but Mau still stands as one of the last bastions of textile hubs of UP. There are more than 50000 power-looms in the city and the state government is putting extra effort into modernizing this industry at Mau.
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.