The city of Rourkela is a planned city located in the northern part of the Indian state of Odisha. Rourkela is often referred to as Ispat Nagar and sometimes as the Steel City of Odisha. Rourkela has one of the largest steel plants of SAIL, which is also known as Rourkela Steel Plant. The city has been selected to be further developed into a smart city in the third phase of the Smart Cities Mission. The city celebrates Rourkela Day on 3rd March every year. The name of Rourkela originates from the native tribal language of Sadri. It is an amalgam of two words - "rour" means "our" and "Kela" means "village" which adds up to "Our Village." The city is situated in the Sundergarh district of Odisha. The Rourkela Township is segregated into two townships known as Steel Township and Civil Township. The Steel Township comprises of the Residential quarters of Rourkela Steel Plant and the other part is known as the Civil Township. The steel plants drive the economy of Rourkela and most of the residents are employed in the Steel industry. With several places of tourist attraction nearby, reputed educational institutions like the NIT Rourkela and all the modern amenities needed for a comfortable living, this thriving city is a great place to settle in.
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.