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SVC Cooperative Bank Limited

Company type	Co-operative Bank
Industry	Banking Financial services
Founded	1906
Founder	Late Shamrao Vithal Kaikini (1842-1905) Late Rao Bahadur Shripad Subbarao Talmaki (1868-1948)
Headquarters	Mumbai, India
Key people	Durgesh S Chandavarkar (Chairman) Ravinder Singh (Managing Director)
Products	Commercial banking Retail banking Private banking Trade Finance Asset management Mortgages Foreign Exchange
Revenue	Rs 33,480.61 crore
Net income	Rs 176.31 crore
Number of employees	2302 (2023)
Website	www.svcbank.com

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.

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: Maharashtra, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Haryana, Goa, Gujarat and Madhya Pradesh.

See also

• Banking in India

References

1. "UCBs in focus: Shah recognizes SVC, NKGSB & Bassein banks". Indian Cooperative.
2. "SVC Bank gets new MD". Economic Times. 4 May 2023.
3. ^ "SVC Bank Annual Report 2023 filed under financials section". SVC Bank.
4. "History".
5. "SVC Co-operative Bank launches loan festival; to offer credit at attractive rates". Economic Times. 15 December 2021.

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