Bally is a town in the Indian state of West Bengal. It is situated in the Howrah District and falls under the Howrah Municipal Corporation. The town is located on the banks of the Hooghly River and strategically stands in between two famous tourist spots - the Dakshineswar Kali Temple and the Belur Math. Bally is very well connected by road, rail as well as water. Three major railway lines pass through Bally - the Howrah-Barddhaman Chord Line, the Howrah?Bardhaman main line and the Sealdah-Dankuni Line. The town of Bally has five railway stations - Bally junction, Bally Ghat, Bally Halt, Rajchandrapur and Belanagar. The Grand Trunk Road passes through this town. Two bridges across the Hooghly river connects Bally with the metro city of Kolkata - the Vivekananda Setu (also known as Bally Bridge) and the Nivedita Setu. Bally also has a ferry pier called Bally Ghat which runs ferry services on the river. Bally is a residential suburb of Kolkata and most of its residents travel to the city for work.
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.