suryapet is the headquarter of the Suryapet district in Telangana. The Government of India had announced Suryapet to be developed under the AMRUT scheme or the Atal Mission for Rejuvenation and Urban Transformation scheme. In Swachh Survekshan 2017, the Ministry of Urban Development awarded the title of the "Cleanest city" in South India to Suryapet. The city has direct connectivity via four-lane express highway to Hyderabad and to Vijayawada. National Highway 65 passes through Suryapet. It is often called the "Gateway of Telangana." The city was earlier known as Bhanupuri but has been modernized into the name Suryapet. The area has been ruled by the Chalukyas, the Kakatiyas and the Nizams of Hyderabad. The city has more than 1 lakh residents. Telugu and Urdu are the most commonly used language in Suryapet. The city has ample government schools to impart primary and secondary school education. The city has quite a few aided and private schools and colleges. It is well connected to the nearby areas through railway and road transport.
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.