Jhansi is a famous and historic city in the Indian state of Uttar Pradesh. It is located in Bundelkhand, between River Pahuj and Betwa, towards the extreme south of the state. The city of Jhansi serves as the administrative headquarters of both the Jhansi district and the Jhansi division. The city of Jhansi was earlier a walled town known by the name of Balwantnagar. It was ruled by the Marathas for a long time and Rani Lakshmi Bai was the celebrated empress of Jhansi who brought the region into the limelight. The city is known for its offerings to tourism - the historical Jhansi Fort attracts a lot of visitors apart from the Government Museum of Jhansi, the Rani Mahal, and several other temples. The city is well connected to all the major neighboring cities through railway and road. Apart from some prestigious colleges and universities like Bundelkhand University, Rani Lakshmi Bai Central Agricultural University, Government Polytechnic Jhansi, etc., Jhansi also has two well-acclaimed research institutes - Indian Grassland & Fodder Research Institute and Central Agro-Forestry Research Institute.
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.