Guna is a small city in the Indian state of Madhya Pradesh. It functions as the administrative headquarter of the eponymous district. The city lies on the north-eastern regions of Malwa Plateau and is defined by the Parbati river in the west. Guna is an acronym for Gwalior United Nation Army. It was founded by Chand Pradyota Mahesena and was a part of the ancient Avanti Kingdom. It was later added to the growing empire of Magadha. It passed on to the Marathas and to the Kingdom of Gwalior till it was made a part of Madhya Pradesh in 1956. Although Guna is very small and nondescript town, it still functions as an important industrial center with major industries such as National Fertilizers Limited, Gas Authority of India Limited, Deepak Spinners Limited, KS Oil Ltd, Spice park at Mavan, etc. The first private state university of the state is at Guna. The Jaypee University of Engineering & Technology has a sprawling campus in Guna which offers facilities like hostel, mess, laundry, shopping center, medical center, etc. to the 1500+ students. A few places worth visiting in and around Guna are Shri Shanti Nath Digambar Jain temple at Bajrangarh, Bees Bhuja Devi, Kedarnath, Hanuman Tekri, Christ The King Church and Panchmukhi Hanuman Ashram.
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.