Chhapra or Chapra is located in the Saran district of the Indian state of Bihar. This city is located near the confluence of the Ghaghara and the Ganges River. Dr. Rajendra Prasad, a freedom fighter and the first president of India was from Chhapra. Chhapra gained attention and prominence as a river-based market during the 18th century when the French, Dutch, Portuguese and English established saltpeter refineries in the region. It became a municipality in 1864. The city has good rail and road connections with the rest of the country and it is very close to the neighboring state of Uttar Pradesh. Ambika Bhavani in Chhapra is a well-known shakti peeth temple.
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