Yamunanagar is a municipal corporation in the eponymous district of the Indian state of Haryana. The river Yamuna runs through the city and thats how the city has got its name. The town is popular for its cluster of plywood units, which provides Indias finest timber to even larger industries. The old town of Yamunanagar is called Jagadhri. The Jagadhri railway station is situated in Yamunanagar and it services the city. Yamunanagar used to be a green, clean and prosperous industrial city which has recently developed severe pollution problems. The city is rapidly developing, with the inauguration of many multiplexes and various high-end brand stores. The city has nearly 4 lakh residents who speak in Hindi, Pwadhi, Punjabi and Haryanvi. The Ballarpur Industries Limited at Yamunanagar is the countrys largest manufacturer of writing and printing paper. The city manufactures paper and sugar machinery and other equipment for petrochemical plants, that are shipped to various other refineries across the country. The city is known for its plywood industry, which runs on the easily accessible raw material ? poplar tree. Yamunanagar has one of Indias biggest railway carriage and wagon repair workshops. Reliance has recently installed a Thermal Power Station in the town.
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