Mira-Bhayander is a part of the Mumbai Metropolitan Region, around 35 kilometers away from the state capital Mumbai. It is located in the northern side of Salsette Island in the Thane district of Maharashtra. The Mira-Bhayander Municipal Corporation runs the administration of the city which reportedly has more than 8 lakh residents. The residents of this area speak mostly in Marathi, but Gujarati and Hindi are quite prevalent. Mira-Bhayandar consists of residential as well as industrial areas. While most of the residents travel to the city for work, quite a few are employed in the several manufacturing units located in some parts of Mira and the eastern parts of Bhayandar. There are a few government-owned Salt Pans in this city. The city offers plenty of scope for development as it has the potential to become a large industrial complex.
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.