Khandwa is a city in the Indian state of Madhya Pradesh. It is a Nagar Nigam in the Nimar region of the state. It also functions as the administrative headquarter of the Khandwa District. An ancient city, Khandwa has many places of worship for Hindus and Jains. The city used to be a center of Jainism during the 12th century. During the British era, Khandwa became the main commercial center of the Nimar region. Khandwa is known for the cultivation of local crops such as cotton, wheat and soybean along with an assortment of seasonal vegetables and fruits. The city grows a special variety of wheat known as Khandwa2, which is famous all over the country for its aroma, color and quality. A hydropower project by the name of Indira Sagar Pariyojna is located in the vicinity of Khandwa. A few other industries in the region include Nepa paper mills, Mansingka oil mills and Nimar textiles. The four Kunds, namely Padam Kund, Suraj Kund, Bheem Kund and Rameshwar Kund, located in four corners of the city, adds to the fame of the city. The famous tourist places in Khandwa are Dada Darbar Khandwa, Turja Bhavani Temple and Nagchun Talab. Hanumantiya Island at Khandwa is a an adventurous place for water sports in the backwaters of Indira Sagar Dam.
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