SVC Co-operative Bank Ltd. (SVC Bank – formerly known as The Shamrao Vithal Co-operative Bank Ltd.), with a rich legacy of 118 years, is delighted to announce the relocation of its Chamrajpet Branch to a more accessible and customer-friendly location. This move is part of the Bank’s ongoing commitment to improving the overall banking experience for its valued customers.
The Chamrajpet Branch, which has been serving customers at its previous location for over 18 years, will now operate from a new state-of-the-art facility. The new address will be:
New Branch Address:Ground Floor, #3, 9th Avenue Business Park,5th Main Road, Chamrajpet, Bangalore – 560 018.
The branch at the old location, situated at 1st Floor, No.1 Central Bank Road, Chamrajpet, will cease operations on 9th February 2025. The new branch will begin functioning from Monday, 10th February 2025. The upgraded premises are designed to offer improved services and facilities, ensuring a more convenient banking experience for customers.
This strategic relocation to a more prominent location at 9th Avenue Business Park aims to provide a modern and accessible environment that reflects SVC Bank’s dedication to continually enhancing customer service and satisfaction. The branch’s new facility is designed with customer comfort in mind, offering easier access, and a better service area to accommodate growing demand.At the Chamrajpet Branch, customers will continue to enjoy the full range of banking services offered by SVC Bank.
Commenting on the relocation, Shri. Ravinder Singh, Managing Director of SVC Co-operative Bank Ltd., said, “The relocation of our Chamrajpet Branch to a more spacious and modern facility underscores our focus on delivering enhanced banking services. This is an important step in our growth strategy and further strengthens our relationship with the customers in the region. We are confident that the new branch will offer a better experience for our valued customers, ensuring that their banking needs are met in the most efficient and comfortable manner possible.”
SVC Co-operative Bank Ltd. invites all its customers and stakeholders to visit the new branch from 10th February 2025 onwards. The Bank remains committed to supporting its customers with the same level of personalized service that has made it a leader in India’s co-operative banking sector for over a century.
About SVC Bank
Set up in 1906, SVC Bank is a 118-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 11 states – Maharashtra, Karnataka, Goa, Gujarat, Rajasthan, Delhi, Haryana, Madhya Pradesh, Andhra Pradesh, Telangana and Tamil Nadu. Total Business of the Bank is at Rs. 35,159 Crores as on March 31, 2024 and Net Profit increased by 23.73% to reach Rs. 218 Crores. Gross NPAs declined to 2.30% while Net NPAs also substantially reduced to 0.27%. The Bank continued to strengthen its Provisioning Coverage Ratio (PCR), which has reached at 88.48%. The Bank’s Return on Asset (RoA) increased to 1.00% and CRAR is at 15.37% as on March 31, 2024. Time and again, the Bank has proven its strong fundamentals and efficiency parameters.
Headquartered in Mumbai, the Bank has a vast network of 198 branches, 214 ATMs and an employee strength of over 2,400. The Bank offers the entire gamut of services across Retail, Corporate and International Banking. SVC Co-operative Bank Ltd. has been honoured with multiple prestigious awards in 2024, including the Banco Blue Ribbon 2024 for excellence in the Urban Co-Operative Bank category (banks with deposits above Rs. 15,000 crore) and the ‘Best Technology Bank – Special Mention’ at the 20th Annual Banking Technology Conference, Expo, and Citations. Also Mr. Durgesh S. Chandavarkar, Chairman of SVC Bank, received the Leadership Award for Visionary Leader in the Corporate Sector at the Connect Future Ready Leaders in India’s Viksit Bharat Vision 2024-25.
SVC Bank was recently awarded at the hands of Shri. Amit Shah – Honourable Union Minister of Home Affairs and Cooperation, GoI, in recognition to SVC Bank’s contribution to the paid-up capital of National Urban Co-operative Finance And Development Corporation Limited (NUCFDC) for the solidarity of the UCB Sector and for the principle of Cooperation among cooperatives by NUCFDC. The Bank was also, in the year 2022, awarded for its 100+ years of service at the hands of Shri. Amit Shah – Honourable Union Minister of Home Affairs and Cooperation, GoI. The Bank has also been acknowledged with many prestigious recognitions, such as, the Best Chairperson of the Year – Mr. Durgesh Chandavarkar, Best Woman Leader of the Year – Ms. Ashwini Vinekar and Best Cybersecurity Initiative of the Year – SVC Bank, by Bharat Ratna Sahakarita Samman 2024, ET Best BFSI Brands 2023 and ET Best Organisation for Women 2023. 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 handles more than Rs. 5,000 Crores Forex business today.
SVC Bank’s Chamrajpet Branch in Bengaluru relocated to a new premises. Shri. Raghunandan Bangalorekar, Director, SVC Bank inaugurated the new premises on 10th February 2025. The ceremony was attended by Shri. Ravinder Singh, Managing Director; Ms. Ashwini Vinekar, General Manager – HRM, Administration, Procurement and Premises & Development; Shri. Shantaprasad Herenjal, Zonal Head – South Region; other Executives and staff of SVC Bank.
We invite you to experience enhanced banking services in a more convenient and customer-friendly environment.
Visit us at our new address: Ground floor, #3, 9th Avenue Business Park, 5th Main road, Chamrajpet, Bangalore – 560018.
