SVC Co-operative Bank Ltd. (SVC Bank – formerly known as The Shamrao Vithal Co-operative Bank Ltd.) proudly celebrates its 118th Foundation Day, a testament to over a century of unwavering service, trust, and innovation. Founded in 1906, SVC Bank was born from a vision of empowering communities through co-operative banking principles and has since grown into a leading financial institution committed to fostering growth and financial inclusivity.
Commenting on the achievement, Shri. Ravinder Singh, Managing Director of SVC Co-operative Bank Ltd., said, “As we celebrate 118 years of our journey, we look back with pride at the trust we have built with our members and customers. SVC Bank’s legacy is one of resilience and adaptation, where we have consistently evolved to meet the changing needs of our stakeholders. Our commitment to co-operative principles remains steadfast, and we now look forward to leveraging technological advancements to enhance our offerings and drive financial inclusion further.”
As part of 118th anniversary celebrations SVC Bank hosted an in-house event to celebrate and recognise the dedication of its employees. This event featured a variety of engaging activities, fostering camaraderie and team spirit among its employees. The highlight of the occasion was the Employee Award Distribution Ceremony, where the Bank honoured its staff who had demonstrated exceptional performance, commitment, and leadership in F.Y. 2023-24 across various domains within the Bank.
With a presence spanning 198 branches across 11 states, SVC Bank has consistently served a broad spectrum of customers, from individuals and small enterprises to larger corporates, adapting to the evolving financial landscape while upholding its core values of integrity, community, and customer service. Over its remarkable journey, the Bank has been at the forefront of innovation, blending cutting-edge technology with its deep-rooted co-operative ethos.
Earlier, SVC Bank has been conferred with the award for 100+ years of dedicated service in the co-operative banking sector by the Hon'ble Union Minister of Home Affairs and Cooperation – Shri. Amit Shah. It has remained a stronghold of reliability in the banking sector, having weathered numerous financial cycles, while maintaining customer-centric operations. The Bank’s consistent growth has been fuelled by a strategy focused on the seamless integration of digital banking services, enabling a superior customer experience. The introduction of various digital initiatives, such as enhanced mobile banking, online financial products, and payment solutions, underscores SVC Bank’s ambition to be at the forefront of digital transformation while ensuring its services remain accessible to all.
