SVC Bank Enters Landmark 120th Year: Blending a Century of Cooperative Trust with Future-Ready Digital Innovation

Business Wire India

SVC Bank, formerly known as The Shamrao Vithal Co-operative Bank Ltd, a multi-state scheduled bank in India, commemorated its Foundation Day, marking the milestone of entering its 120th year of commitment to ethical banking, customer centricity, and inclusive financial growth. Founded in 1906, the Bank has consistently upheld the cooperative spirit while evolving with changing times to meet the financial needs of individuals, businesses, and communities.

On this occasion, the Bank reflected on its history of service while reaffirming its focus on governance, digital initiatives, and customer experience. Over the years, SVC Bank has expanded its footprint and diversified its offerings to support MSMEs, retail customers, and financial inclusion.

reflects the confidence and trust reposed in us by our customers, members, and stakeholders across generations. This long-standing association has shaped our values and guided our approach to cooperative banking. As we honour and reflect on this legacy, we remain firmly focused on strengthening governance, deepening transparency, and responsibly leveraging technology to enhance efficiency and customer experience. Guided by these principles, we are committed to building a resilient, future-ready cooperative bank that continues to support sustainable growth and meet the evolving expectations of our stakeholders.”

SVC Bank launched several digital initiatives to streamline banking and investment processes. The Bank has steadily strengthened its digital footprint over the past few years, launching a range of products to address diverse banking needs.

The Bank continues to align its operations with regulatory best practices while steadily advancing its digital capabilities to deliver efficient, secure, and future-ready banking services. As SVC Bank enters its 120th year, it remains committed to its vision of being a leading co-operative bank that provides a comprehensive banking experience through innovation, quality, and commitment.

As part of the 119th anniversary celebrations, SVC Bank held an event for employees to mark their contribution. The event included activities that encouraged participation among employees. It also featured an Employee Award Distribution Ceremony, where the Bank recognised employees for performance, effort and leadership in FY 2024-25 across bank functions.

About SVC Bank

 

Set up in 1906, SVC Bank is a 119-year-rich institution that has contributed significantly to the development of the co-operative movement in India for over a century. Today, the Bank is one of the oldest and most recognised names in the country’s co-operative banking space. SVC is a Multi-State Scheduled Co-operative Bank with its presence across 10 States & 1 Union Territory – Maharashtra, Karnataka, Goa, Gujarat, Rajasthan, Delhi, Haryana, Madhya Pradesh, Andhra Pradesh, Telangana and Tamil Nadu. Total Business of the Bank is at Rs. 39,353 Crores as on March 31, 2025 and Net Profit increased by 10.52% to reach Rs. 241 Crores. Gross NPAs declined to 1.96% while Net NPAs also substantially reduced to 0.25%. The Bank continued to strengthen its Provisioning Coverage Ratio (PCR), which has reached 87.54%. Time and again, the Bank has proven its strong fundamentals and efficiency parameters.

 

Headquartered in Mumbai, the Bank has a vast network of 203 branches, 220 ATMs and an employee strength of over 2,400. The Bank offers the entire gamut of services across Retail, Corporate and International Banking. The Bank’s performance and innovation have been recognised through several recent industry awards including the Leader Award at the 9th All India UCB Summit & Awards, 2025, the Best HR Transformation and Best Audit Transformation Awards at the FCBA Awards 2025, and the Gold Award for the Bank’s Wall Calendar for 2025. In addition, earlier honours include the Banco Blue Ribbon 2024 Award for excellence in the Urban Co-operative Bank category. The Bank was also felicitated at the Rashtriya Coop Samman Samaroh 2025 with the titles of Best Urban Co-operative Bank, Best Multi-State Urban Co-operative Bank and Best Chairperson of the Year awarded to Shri. Durgesh Chandavarkar. SVC Bank was recently awarded the prestigious 'Most Innovative CFO' Award at the Silver Feather Awards 2025 - 6th Edition and ET Now’s “Best Organisations to Work 2025”. These accolades reflect the Bank’s leadership in co-operative banking, commitment to technology and people, and its role in advancing financial inclusion.

 

SVC Bank website: www.svc.bank.in