Udupi city is the administrative headquarter of the Udupi District of Karnataka. Udupi is a prime tourist attraction in Karnataka. It is known for the famous Krishna Temple and the delectable Udupi cuisine which is famous all over South India. Udipi is often referred to as Lord Parashurama Kshetra and it is famous for Kanakana Kindi. It is an important center of pilgrimage and is known as Rajata Peetha and Shivalli. It is also known as the temple city. Udupi has more than 1.5 lakh residents who mostly speak in the Tulu language. The other languages spoken in the area are Konkani, Kannada, Hindi and English. Muslims living in Udupi speak in Urdu, Nawayathi and Beary. Udupi is slowly developing into a major town in Karnataka. Udupis economy is largely dependent on agriculture and fishing. The city has quite a few small-scale industries such as cashew industry and milk cooperatives. Udupi is of-late making its mark in the real estate industry as well. Udupi also has a local handloom sari industry, made of pure cotton. These lightweight sarees have art silk design and small motifs of art silk dotting. Manipal is a suburb of Udupi and hosts a number of famous educational institutions.
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