Bhopal, the capital of Madhya Pradesh, is known for its scenic beauty and old historic structures. The city has many natural as well as artificial lakes and is often referred to as the City of Lakes. The city is divided into two - old and new Bhopal. The old city is marked by its marketplaces, mosques and palaces, whereas the new city has modern buildings, broad avenues as well as many verdant parks and gardens. Folklore says that the city was founded by Raja Bhoja of the Paramara dynasty in the 11th century. The modern city of Bhopal was established by a Pashtun soldier in the Mughal army by the name of Dost Mohammad Khan soon after the death of King Aurangzeb. Bhopals delectable cuisine and splendid architecture was a gift from the Muslim rulers. During the British rule, Bhopal became a princely state and was ruled by four Muslim women who are popularly known as the Begums. These Begums gifted the city with its railways, waterworks, the postal system and even a municipality. Hindus and Muslims harmoniously coexist in this city that celebrates Diwali and Eid with equal passion and devotion. Bhopal, in recent times, serves as a trade center of electrical goods, and chemicals, cotton clothes and jewelry. The city also has various institutes of national importance. AIIMS, IISER and ISRO?s Master Control Facility are a few among them. Bhopal is known for its gas tragedy on 3rd December 1984, when methyl isocyanate gas escaped from the Union Carbide Insecticide plant and affected the lives of lakhs of people, killing thousands. It was one of the gravest industrial disasters in the history of mankind.
The Shamrao Vithal Co-op. Bank Ltd. or SVC Cooperative Bank Limited, is a banking company incorporated under the Companies Act, 1956 a scheduled bank, and one of the oldest Urban Co-operative Bank in India built in 1906. The bank was set up when co-operation was just started in the country. 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 the Bank. The Bank was initially registered as a Co-operative Credit Society on 27 December 1906. The Bank is present in 10 States of India. Maharashtra, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Haryana, Goa, Gujarat and Madhya Pradesh. In 1907, cumulative deposit scheme, fixed deposit scheme and saving bank deposit were introduced by the bank. After that in 1911, the facilities for remittance were made available to the members by the draft. In 1913, the cash credit scheme was introduced by the bank. In 1956, facilities were thrown open to all communities. In 1988, the Shamrao Vithal bank was conferred the scheduled bank status.