Mumbai, fondly referred to as ?Bombay? by many, is not only the capital city of the Indian state of Maharashtra but is also the financial and commercial capital of the country. It lies on the Konkan coast, along the western border of India. It is probably the most populous city in India and serves as a home to the wealthiest Indians. Mumbai hosts the highest number of billionaires and millionaires amongst all the prime Indian cities. Being an economic hub, the city promises a plethora of opportunities in terms of employment, and thus it is a much-coveted destination for job-seekers from all over the nation. The Indian film industry, popularly known as ?Bollywood?, operates out of Mumbai. Mumbai also serves as a popular tourist destination as its outskirts provide all travelers with a magnificent combination of serene beaches, exotic hill stations on the Western Ghats. The tropical climate of Mumbai has a harmonious blend of warm, chilly and rainy days. The infamous Mumbai rain floods the city every year but doesn?t dampen the quintessential energetic spirit of the city. This Indian city nurtures the passion of dedicated learners and workers; it is often considered as the city that never sleeps.
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