The historic city of Panipat is located in the Indian state of Haryana. The three huge battles were fought near this city in 1526, 1556 and 1761, which were all major turning points in the Indian history. The city is well-known in the area by its nickname the "City of Weavers" and "Textile City." It is the global center for recycling textiles. According to the Hindu epic Mahabharata, Panipat was one of the five cities or prasthas that were founded by the Pandavas and was named Pandavaprastha in the ancient time. The city houses the Panipat Refinery and the Panipat Thermal plant. It has a population of around 9 lakh people with an average literacy rate of 87%. Few places of tourist interest in the city are the Panipat Museum, Hemus Samadhi Sthal, Ibrahim Lodhis Tomb, Baburs Kabuli Bagh Mosque, Salar Ganj Gate, Kala Amb, etc. The city is well connected to all the nearby regions through roads and railway.
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.