singrauli, in the Indian state of Madhya Pradesh, is popularly known as the Energy capital of India. The area used to be covered in dense forests earlier that was not navigable and inhabited by wild animals. It was earlier known as Shringavali. It was named after a sage known as Shringi. The kings of the Rewa State ruled the area till 1947. They used the area as an open-air prison to detain errant civilians and officers. Singrauli has five tehsils now - Singrauli, Chitrangi, Deosar, Mada and Sarai. Singrauli has a group of rock-cut caves called Mada Caves made in the 7th and 8th century. All major companies operating in this area belongs to the Indian energy industry, which entirely drives the economy of the city. The companies focus on mining of coal and subsequent power generation. NTPC, Coal India Limited, Essar, Hindalco, Reliance and several other established companies have set up their plants at Singrauli. The industrial belt has also resulted in a critical condition of air pollution which is a serious concern.
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