Bihar Sharif. located in the Indian state of Bihar, functions as the headquarters of the Nalanda district. It is the fifth-largest sub-metropolitan region in the state. Its name is derived from two words - Bihar which is taken from the name of the state as well as from the word Buddha Vihara; and sharif which refers to the resting place of the Sufi saint Sheikh Sharfuddin Yahya Maneri. The city is a renowned hub of education and trade in the southern regions of Bihar. The economy of this city centers around agriculture, tourism and household manufacturing. Crops such as potato, cauliflower, mustard seed and other vegetables are cultivated and sold to neighboring states. The city serves as a gateway to Nalanda, Rajgir and Pawapuri; thus tourism also boosts the citys economy. The household industries manufacture footwear and garments that add to the revenue generation of the city. Bihar Sharif is currently competing to obtain funds under PM Narendra Modis flagship Smart Cities Mission.
The SVC Bank was initially registered as a Co-operative Credit Society on 27 December 1906. In 1907, cumulative deposit scheme, fixed deposit scheme and saving bank deposit were introduced by the bank. The bank in opened first Co-operative store in 1910. In 1915, the first Co-operative housing society was built in Bombay. In 1927, the Fidelity Guarantee Fund was launched simultaneously with Distress Relief Fund in 1931 and Staff Gratuity Fund in 1954. In 1964, Safe Deposit Vaults were introduced by the bank. In Fiscal 2016, the deposits of the bank crossed 13000 crores. In 2002, the corporate office was opened by the bank at SVC Tower in Vakola. In 2003, Genius I Core banking solution was implemented in all the branches of SVC bank. In 2006, the SVC bank successfully sold the software. In 2007, AD-I license was offered to the Shamrao Vithal Co-operative bank. The SVC bank was also allowed to sell the core banking software services to small co-operative banks. By 2010, the bank sold software services to around 25 other banks. The 193rd branch of the SVC bank was opened at Khmagaon. The Bank is present in 10 States of India. Maharashtra, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Haryana, Goa, Gujarat and Madhya Pradesh