secunderabad is the twin city of Hyderabad. It is located in the Indian state of Telangana. It was named after Sikandar Jah, who was the 3rd Nizam of the Asaf Jahi dynasty. Hence it is sometimes spelled as Sikander-a-bad. Secunderabad was a British cantonment, founded in 1806. Secunderabad and Hyderabad are together referred to as the twin cities but they have very different histories and cultures. Secunderabad had developed directly under the British rule until independence whereas Hyderabad was a princely state and the capital of the Nizams. Secunderabad and Hyderabad were earlier divided by the Hussain Sagar lake. However, Secunderabad has been integrated into Hyderabads GHMC municipality. The two cities are collectively known as Hyderabad, Indias fifth largest metropolis. Secunderabad is one of the largest army and air force cantonments in India. The city hosts prestigious educational institutions like the Nizam College and the Osmania University. ITC, Infosys, Intergraph and Coromandel International are few of the many private companies that have set up their offices in Secunderabad. Secunderabad railway station is the headquarter of South Central Railway and it is a major center for railway activity. The city has several industrial areas such as Bolarum, Nacharam, Moula-Ali, Ghatkesar, etc. The Department of Atomic Energy has several units in the city like Atomic Minerals Directorate for Exploration and Research, Nuclear Fuel Complex, ECIL, etc. located in and around Secunderabad.
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