Ujjain is situated in the central Indian state of Madhya Pradesh. It is the administrative headquarters of the Ujjain district and is also known as ?The city of Temples.? It lies on the banks of the eastern river Kshipra. In antiquity, Ujjain was an important center of learning and power in the country. It was ruled by different dynasties and was a pre-eminent seat of power for the most powerful rulers in central India. The city is divided into 54 wards that help in its proper civic governance. Manufacturing and textile industries along with agricultural yields like soybean, wheat, jowar and bajra form the backbone of the citys economy. It has a lengthy history of being a center for learning and that has further developed in recent times through prestigious institutions like Vikram University, Pt. Jawaharlal Nehru Institute of Business Management, Maharshi Panini Sanskrit University, Mahakal Institute of Technology, Ruxmaniben Deepchand Gardi Medical College, Ujjain Engineering College, etc. Ujjain is a city of temples. It holds an important place in the Hindu pilgrim trails in India. Its temples and monuments like Mahakaleshwar Jyotirlinga, Shri Mahakaleshwar Temple, Vikram Kirti Mandir, Bade Ganeshji Ka Mandir, Ram Ghat, Gadkalika Temple, Sandipani Ashram, Iskon temple are well respected and must-visit destinations for Hindu devotees.
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