Shamrao Vithal Co-operative Bank

The Shamrao Vithal Co-op. Bank Ltd. (SVC Bank) known as SVC Cooperative Bank Limited, is a scheduled bank in India that was established in 1906, being registered as a Co-operative Credit Society on 27 December 1906. Its main goals when it was established were to encourage saving, help the less fortunate people of the community with their economic endeavours, and to raise money to help deserving members.[3]

SVC Cooperative Bank Limited
TypeCo-operative Bank
IndustryBanking
Financial services
Founded1906
FounderLate Shamrao Vithal Kaikini (1842-1905)
Late Rao Bahadur Shripad Subbarao Talmaki (1868-1948)
HeadquartersMumbai, India
Key people
Durgesh S Chandavarkar (Chairman)[1]
Ashish Singhal (Managing Director)[2]
ProductsInvestment banking
Commercial banking
Retail banking
Private banking
Asset management
Mortgages
Credit Cards
RevenueRs 31,680.02 crore[1]
Rs 160.20 crore[1]
Number of employees
2400 (2018)
Websitewww.svcbank.com

History

Late Rao Bahadur Shripad Subbarao Talmaki, the Maharshi of Co-operation, was the main architect of the Bank and he named it after Late Shamrao Vithal Kaikini, who was his main guiding force and Guru. The Bank was originally registered as a Co-operative Credit Society on 27 December 1906.

Branches

The bank has 198 branches and is present in 11 States of India:[4] Maharashtra, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Haryana, Goa, Gujarat and Madhya Pradesh.

See also

References
  1. "UCBs in focus: Shah recognizes SVC, NKGSB & Bassein banks". Indian Cooperative.
  2. "SVC Bank gets new MD". Hindu Business Lines. 2 August 2021.
  3. "History".
  4. "SVC Co-operative Bank launches loan festival; to offer credit at attractive rates". Economic Times. 15 December 2021.


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