Shamrao Vithal Co Operative Bank Limited Recruitment

About Shamrao Vithal Co Operative Bank Limited

Founded in 1906, this unique financial institution rests on the pillars of thrift, fellowship, character, accommodation and the selfless service of all individuals and organisations who wish to help themselves progress. We see ourselves as a family of honest, loyal and committed professionals, harmoniously employing technology, innovation and the human touch to achieve customer satisfaction and goodwill-the corner- stones of our success and the focus of all our efforts.

The prosperity of our customers is the engine of our success and they will find in us a fast, timely, flexible, co-operative and competitive partner in their progress. We shall reach out to our customers anywhere and at any time to make their dealings with us a pleasure. We shall warmly welcome them into our aesthetic surroundings or take our services to their doorsteps. We are committed to approachability, simplicity and transparency in our dealings with all our stake holders and shall be a temple of their trust.

We shall use our employee involvement and sense of togetherness to generate high levels of teamwork, efficiency, excellence and profits. We shall mobilize aggressively, invest wisely, disburse prudently, recover assiduously, reduce costs and create a learning organisation that offers products and services in tune with and ahead of the times.

History Of Shamrao Vithal Co-operative Bank

The Shamrao Vithal Co-operative Bank Limited was founded when co-operation was just beginning to gain ground in the country. It was set up with the primary objective of assisting the less fortunate members of the community in its economic enterprises, to encourage savings and to create funds for providing financial aid to deserving members.

Rao Bahadur Shripad Subbarao Talmaki, the Maharshi of Co-operation, was the main architect of the Bank. The Bank was originally registered as a Co-operative Credit Society on 27th December 1906.

Thus inspired by lofty ideals for the betterment of the economic, moral and material well-being of the Community, the Bank was brought into existence with modest beginnings.
 
Milestones
 

•     Fixed Deposits, Savings Bank Deposits and Cumulative Deposits Scheme introduced in 1907.
•     First Co-operative Stores in 1910.
•     Facilities for remittance by Draft made available to Members in 1911.
•     Education Fund in 1911.
•     Cash Credit Loan Scheme in 1913.
•     First Co-operative Housing Society in Bombay in 1915.
•     Fidelity Guarantee Fund in 1927.
•     Distress Relief Fund in 1931.
•     Staff Gratuity Fund in 1954.
•     Facilities thrown open to all communities in 1956.
•     Introduction of Safe Deposit Vaults in 1964.
•     Industrial Financing in 1966.
•     Introduction of Cash Certificates in 1975
•     "Scheduled Bank Status" conferred on the Bank in 1988
•     Deposits cross 1000 crores in 2000
•     Setting up of Corporate Office - SVC Tower at Vakola in 2002
•     Implementation of Genius I Core Banking Solution in 2003 across all the branches
•     SVC Bank is offered AD-I License in
•     SVC Bank is permitted to sell Core Banking software services to smaller co-operative Banks
•     1st Software sale successful in 2006
•     SVC Bank crosses Software sales services to 25 Banks in 2010
•     SVC Bank opened 178th Branch at Faridabad