Berhampur is a city near the eastern coastline of the Indian state of Odisha. It is located in the Ganjam district. This east Indian city is also known as Brahmapur. The city has around 4 lakh residents who mostly follow Hinduism. Although Odia is the commonly spoken language in this city, about 40% of the population speak in Telugu owing to the city being located near the state border between Odisha and Andhra Pradesh. The people of Berhampur are quite fond of theatre arts. The notable educational institutions in this city are the Indian Institute of Science Education and Research (IISER), Bhanja Bihar Campus of Berhampur University, Khallikote University, Lingaraj Law College, etc. The city experiences torrid summers and mild winters with heavy rainfall during the monsoon. The city is known for its innumerable temples.
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.