SVC Full Form: Know All About SVC Here!

By Ritesh|Updated : October 28th, 2021

SVC Full Form: Many people question what is the full form of SVC when studying for banking exams. The SVC full form is Shamrao Vithal Co-operative BankSVC Co-operative Bank Limited (previously The Shamrao Vithal Co-operative Bank Ltd.) was founded in India when cooperative banking was just getting started. It was founded with the primary objective of assisting the community's less fortunate members in their economic endeavours, encouraging savings, and earning income to provide financial aid to those who qualify.

Table of Content

Late Rao Bahadur Shripad Subbarao Tamaki, the Maharshi of Cooperation, was the principal architect of SVC, which he named after Late Shamrao Vithal Kaikini, his key guiding force, and teacher. The Bank was founded as a Co-operative Credit Society on December 27, 1906. The Bank began with humble beginnings, motivated by ambitious ideas to improve the Community's economic, material, and ethical well-being. 

Organizational Structure Of SVC

The Bank's Board of Directors comprises accomplished individuals who provide direction and leadership to a well-rounded management team. 

From October 2017, Mr Ajit E. Venugopalan, B.Com, Chartered Accountant, has been the Managing Director. He is a long-serving member of the SVC Bank family, having dedicated himself to the bank for 32 years. He started as an officer with SVC Bank in 1989 and has worked his way up through the ranks by working in numerous branches and departments. He was the Head of Corporate Banking before taking on this new position.

Name

Position

Mr Ajit E. Venugopalan

Managing Director

Mr Durgesh S. Chandavarkar

Chairman

Mr Udaykumar P. Gurkar

Vice-Chairman

Mr R U Bangalorekar

Director

Mr Prakash A. Bijoor

Director

Mr Sunil S. Gokarn

Director

Mr Girish R. Karnad

Director

Mr Ravindra K. Kulkarni

Director

Ms Smita P. Mavinkurve

Director

Ms Maitreyi S. Sanadi

Director

Mr Pramod D. Shedde

Director

Mr Rubab N. Tadvi

Director

Headquarters of SVC

Maharashtra, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Haryana, Goa, Gujarat, and Madhya Pradesh are ten Indian states where SVC operates. The bank’s headquarters are located in Mumbai, Maharashtra.

Products And Functions of SVC

SVC’s operations are broad because it offers a wide range of personal, business, and international banking products. 

  • Its deposit account and loan options include the Star savings account, current account, privilege banking, housing loan, mortgage loan, education loan, gold loan, and shares loan, to name a few.
  • NRE / NRO / FCNR Deposits, NOSTRO Accounts, Import & Export Finance, Money Transfer Services, and Foreign Exchange are the bank's Forex services. 
  • Customers can use their mobile phones to access their bank accounts and conduct all important transactions using SVC's Mobile Banking service.
  • SVC net banking allows customers to check account balances, transfer funds, pay bills online, and recharge mobile phones, among other things. 
  • Account-holders can also call the SVC customer care number for immediate assistance with their problems and complaints, as well as answers to their questions.

Vacancies in SVC

Since 1906, SVC Co-operative Bank Ltd. has been known for providing personalized banking services. They are proud of their people-first culture and work hard to maintain it by assisting their employees in striking the correct work-life balance. So, if you're searching for a fun work environment with room for advancement, you might want to check out some of the openings on their official website.

SVC Full Form, SVC History, SVC Functions, and SVC Vacancies were all discussed in this article. We hope this would be extremely beneficial for a banking exam. Please contact us if you have any questions, and we will be more than happy to assist you.

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FAQs

  • The full form of SVC is the Shamrao Vithal Co-operative Bank.

  • In 1906, the Shamrao Vithal Co-operative Bank was established. Mumbai, Maharashtra, India, is the financial institution’s headquarters.

  • Shamrao Vithal Co-operative Bank's Swift code is SVCBINBB.

  • Shamrao Vithal Co-operative Bank's Managing Director is Mr Ajit E. Venugopalan.

PO, Clerk, SO, Insurance

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tags :PO, Clerk, SO, InsuranceGeneral AwarenessUnion Bank SO ExamNRA CET Nainital BankUnion Bank of India SOOdisha State Cooperative Bank

PO, Clerk, SO, Insurance

BankingIBPS POIBPS ClerkSBI POIBPS SOSBI ClerkRBIRRBLICESICNainital BankOtherQuick LinkMock Test
tags :PO, Clerk, SO, InsuranceGeneral AwarenessUnion Bank SO ExamNRA CET Nainital BankUnion Bank of India SOOdisha State Cooperative Bank

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