Jamalpur, a part of Munger-Jamalpur twin cities, is situated in the Indian state of Bihar. The name Jamalpur is an amalgam of two words - Jamal which means beautiful and pur which means town. True to its name, Jamalpur is indeed a beautiful town with a scenic landscape and peaceful environment. It is situated 8 kilometers from its twin city of Munger. There are more than 1 lakh residents in this city and they speak in a variety of languages such as Maithili, Hindi, Angika, Bhojpuri, Bengali and Urdu. Jamalpur is recognized for the Jamalpur Locomotive Workshop. It provides employment opportunities to more than 25000 people at its training institution known as The Indian Railways Institute of Mechanical and Electrical Engineering. The town, as well as the railway institute, was established in 1862 during the British Raj. Apart from the railway workshop, the economy of the city is also driven by a foundry, metallurgical lab facilities and machine tool facilities. "Kali Pahar" atop Jamalpur Hill, is a paleolithic site where quartzine from the Early and Middle Stone Ages was found.
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