Awards Ceremony – From LtoR: Shri. Dilip Pendse – CFO, SVC Bank; Shri. V.V Anaskar – Vice President, NAFCUB; Shri Gyanesh Kumar-Secretary, Cooperation, GoI; Shri Jyotindra Mehta – President, NAFCUB; Shri. Amitbhai Shah – Union Minister of Home Affairs and Cooperation, GoI;  Shri. Durgesh S. Chandavarkar – Chairman, SVC Bank; Shri. B.L.Verma – Minister of State for Cooperation, GoI and Shri. Udaykumar. P. Gurkar – Vice Chairman, SVC Bank.

Expressing gratitude to senior leaders – From LtoR: Shri. Udaykumar. P. Gurkar – Vice Chairman, SVC Bank; Shri. Durgesh S. Chandavarkar – Chairman, SVC Bank; Dr. Bhagwat K. Karad – Minister of State for Finance, GoI and Shri. Satish Marathe, Director RBI.

Union Minister Amit Shah presents the award at the NAFCUB Conclave in Delhi 

MUMBAI, JUNE 28th, 2022 (GPN): SVC Co-operative Bank Ltd. (SVC Bank – earlier known as The Shamrao Vithal Co-operative Bank Ltd.) 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. Amitbhai Shah in the presence of Hon’ble Minister of State for Cooperation – Shri. B.L.Verma at the National Federation of Urban Cooperative Banks and Credit Societies Ltd (NAFCUB) Conclave at Vigyaan Bhavan, Delhi. The conclave saw the participation of leaders from Government of India, Co-operative Banks, Credit Societies and the Reserve Bank of India with seminars and panel discussions on the future role of Urban Cooperative Credit Sector.

SVC Bank Chairman, Shri Durgesh Chandavarkar and Vice Chairman, Shri Udaykumar Gurkar received the award. Addressing the conclave Union Minister of Home Affairs and Cooperation Shri. Amit Shah acknowledged the contribution of co-operative banks in the nation’s economy. Shri Amit Shah also highlighted focus areas for the sector and shared encouraging words to go for bigger market shares, assuring of good support from the Government of India.

After receiving the award Mr Durgesh Chandavarkar, Chairman, SVC Bank, said, “It is an honour for SVC Bank to be felicitated by Shri. Amitbhai Shah – Hon’ble Union Minister of Home Affairs and Cooperation, for 100+ years of dedicated service in the co-operative banking sector. This award is an acknowledgement of our efforts to offer the best banking experience to our customers. We are one of the few cooperative banks to invest in technology and become a one-stop shop for our customers’ financial requirements.  As one of the leading banks in this sector, we are committed to its growth and inclusion objectives and draw further inspiration from this recognition to keep delivering excellent personalised banking solutions. We dedicate this award to our customers, shareholders and the entire team at SVC.”

SVC Bank is one of the oldest and most recognized names in the country, one of the leaders in the cooperative Banking space since 1906. The bank has bagged several prestigious awards earlier. The Bank has been acknowledged as the Best Co-operative Bank three years in a row. Recently, SVC Bank was conferred with Co-operative Bank of the Year at India Banking Summit and Awards 21-22. It has also been acknowledged with many prestigious awards, like ‘Data Centers Award’ & ‘Enterprise Security Award’ at Express BFSI Technology Awards 2022, Award for Outstanding Response to Covid 19 at Co-operative Banks Ingenious Leadership Summit and Technology Awards 2022, and Best BFSI Brand Award 2021 at The Economic Times Best BFSI Brands.

About SVC Bank

Set up in 1906, SVC Bank has contributed significantly to the development of the cooperative movement in India for over a century. Today, the Bank is one of the oldest and most recognized names in the country’s co-operative Banking space and remains the country’s only multi-state scheduled Bank with a presence across 11 states – Maharashtra, Karnataka, Goa, Gujrat, Rajasthan, Delhi, Haryana, Madhya Pradesh, Andhra Pradesh, Telangana, Tamil Nadu. With a total business of Rs. 31680.02 Crores and a Net Profit of Rs. 160.20 Crores (FY 21-22), it has proven its robust and strong fundamentals. The Bank offers the entire gamut of services across Retail Banking, Corporate Banking and International Banking. The Bank was among the first few co-operative banks in the country to get the Authorized Dealer Category I License (Independent Forex Operations) from RBI, in December 2007. In July 2008, it launched its International Banking Division, which today handles more than Rs. 3,000 crore forex business. Headquartered in Mumbai, the Bank has a vast spread of 198 branches, 214 ATMs and has an employee strength of over 2300.