Kamarhati is a city and a municipality in the Indian state of West Bengal. It is located in the Barrackpore subdivision of the North 24 Parganas district. The place was initially a refugee colony soon after the partition of Bengal as many squatters from East Pakistan flocked to this area and encroached upon the public as well as private land. Within a very short time, these refugees initiated all the amenities required for a comfortable lifestyle and developed a proper society. Kamarhati belongs to the Kolkata Urban Agglomerate and houses around 3.5 lakh residents. There are several industrial units in Kamarhati like Texmaco Rail and Engineering Ltd, Kamarhatty Company Ltd (jute mill), Agarpara Jute Mills, Prabartak Jute Mills Ltd, National Tobacco Company Industries Ltd, WIMCO (a Swedish match company), Allied Ceramics Private Limited, Emami Paper Mills Ltd, etc. The Dakshineshwar Temple is located in this area and it draws thousands of devotees every day.
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.