Mysore city is officially named as Mysuru. It is the third among the largest cities in the south Indian state of Karnataka. It is located at the foothills of the Chamundi hills and has an enormous historical and cultural background. The rule of different dynasties dominates its history which reflects through the various palaces and other landmarks in the city. The city lies close to the state capital Bangalore and provides an investment option for companies, away from the hustle and bustle of the capital city. Tourism, Sandalwood products and textiles drive the economy of the city. Mysore silk sarees are favorite among Indian women. The city has seen a lot of development in recent days with the rise of the software sector when Infosys set up a huge campus in Mysore. Other MNCs like Larsen & Toubro Infotech and Excelsoft Technologies followed suit. Mysore hosts many central government organizations such as RBI Paper Printing Press, RBI Note printing Press and several others that provide a considerable employment opportunity to the residents. Mysore has many educational institutions which nurture the talent of the youth and shape them up for the various industries in the city. Few of the esteemed institutes in Mysore are the University of Mysore, Visvesvaraya Technological University, Mysore medical college, etc. The city is a haven for tourism with splendid attractions such as the Mysore Palace, Nagarhole national park, Mysore zoo, Chamundeshwari temple, St. Philomenas church, etc.
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.