Durg is small a city in the Indian state of Chhattisgarh. It functions as the headquarters of the Durg District. The city is a part of the Durg-Bhilai urban agglomeration. The Shivnath River flows through this city. The city of Durg has a population of more than 2 lakh residents and Hindi is the most commonly used language in the area. It is a hub for Chhattisgarh?s industrial development by meaningfully using its resources. Durg is known for its cultural competency and social harmony. The is a Jain shrine in the Nagpura area, the Chandi Mandir and Maitri Garden are places worth visiting in this city.
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.