Vizag or Vishakhapatnam is not only a popular tourist destination but also the largest and one of the most popular cities in the Indian state of Andhra Pradesh. Vizag has a natural harbor and the oldest shipyard in the country. The cargo port at Visakhapatnam is one of the busiest in India. This Port city is considered as a jewel on the eastern coast of India and it is a prized territory of the Andhra Pradesh government. The financial capital of the state is located in Vishakhapatnam, thus increasing the importance of the city. Vizag offers a rich and ancient culture and the lip-smacking dishes of authentic Andhra cuisine alongside a feel of a modern developing city. Vishakhapatnam is a harmonious amalgam of the enchanting past and the bustling present, along with a breathtaking panoramic view of beautiful golden beaches, lofty hills with cliffs, lush green fields, verdurous valleys and splendid monuments. Vizag has some of the most beautiful beaches in the country that offer scenic beauty of a picturesque landscape. The Ramakrishna beach and the Rushikonda beach get visitors from all over the nation. This city has witnessed waves of development after the separation of Telangana and Andhra Pradesh as the AP government is working hard to transform the city into a smart city.
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