Raiganj is a small city as well as a municipality in the Indian state of West Bengal. It functions as the headquarters of the Uttar Dinajpur district. Raiganj was established 200 years ago. Some believe that the name of the place has come from the word "Rai" which refers to the character of Radha in Mahabharata. Some others say that the name is associated with the royal family of Dinajpur as their surname was Rai. However, the widely accepted opinion is that the name of the city originated from the excess of rai sorshe cultivated in the place, which is a special type of mustard. The city has around 2 lakh Bengali speaking residents. Raiganj is famous for the Raiganj Wildlife Sanctuary, or the Kulik bird sanctuary. It is a home to many Asian Openbills as well as other waterbirds. It is the largest bird sanctuary in Asia. Hence tourism is a huge source of the economy here. Raiganj doesnt have many industries, but it is a very important trading center. Daily business transactions in Raiganj shoots up to at least six crores on an average. A few places worth visiting in and around the city are the Raiganj Church, the Jain Temples, several Hindu temples, Terracotta pottery at Malgaon, etc.
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