Mumbai: (from L to R): Mr. Ravinder Singh – Managing Director (Interim), SVC Bank; Mr. Sunil Mehta – Chief Executive, IBA; Dr. Ruhin Deb – Chief Economist, Govt. of Assam and Mr. Navin V. Rao – General Manager, Retail Banking, SVC Bank
Recognised at the prestigious platforms of ET BFSI Best Brands 2023 and ET Best Organisation for Women 2023
Mumbai, April 14th, 2023 (GNI): SVC Co-operative Bank Ltd. (SVC Bank – formerly known as The Shamrao Vithal Co-operative Bank Ltd.), one of India’s leading co-operative banks with a heritage of over 116 years, continued to be felicitated at leading platforms for its brand impact and HR initiatives.
Mumbai: In frame (in the centre) Dr. (Smt.) Tamilisai Soundararajan, Hon’ble Governor of Telangana and Lt. Governor of Puducherry & (from L to R) SVC Bank officials: Ms. Jalaja S. Nair – Assistant Manager, HRM; Ms. Nivedita S. Purohit – Manager, Learning & Development; Ms. Ashwini J. Vinekar – Deputy General Manager, HRM, Administration, Procurement and Premises & Development; Ms. Maya S. Sakharkar – Chief Risk Officer & Ms. Karishma S. Kini – Assistant Manager, Learning & Development
SVC Bank was named among the Best BFSI Brands by The Economic Times. The recognition was accepted by Mr. Ravinder Singh, Managing Director (Interim), along with Mr. Navin V. Rao, General Manager – Retail Banking, at a glittering ceremony held in Mumbai. This is the 2nd occasion in the past three years when SVC Bank has been featured in the ET BFSI Best Brand List.
The Bank also featured in the prestigious Economic Times Best Organisation for Women 2023 platform, powered by Femina. SVC Bank was celebrated for its diverse environment offering work-life balance and an empowered career path to its women employees. Ms. Ashwini Vinekar, DGM – HRM, Administration, Procurement and Premises and Development, received the honour along with Ms. Maya Sakharkar, Chief Risk Officer, and other lady colleagues, on behalf of the Bank.
Commenting on the laurels, Mr. Durgesh Chandavarkar, Chairman, SVC Bank, said, “This recognition is an endorsement that our efforts are directed on the right path of excellence. Our ability to remain relevant, improve continuously and offer new-age banking – both as a solution and a workplace, has set us apart within the industry. Being a century-plus-old Bank has taught us that values are immortal, and we have taken sustained initiatives to preserve and further entrench them. We are elated that our efforts to build a trusted brand and offer a rich and equal workplace for women have fetched us credible laurels. I want to thank all our employees – across levels and locations for their efforts, our dear customers, shareholders and well-wishers for their unstinted support in making us walk this path. We at SVC Bank are dedicated to delivering better prospects for all our stakeholders.”
In June 2022, SVC Bank was 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 Co-operation – Shri. Amitbhai Shah in the presence of Hon’ble Minister of State for Co-operation – Shri. B.L. Verma at the National Federation of Urban Cooperative Banks and Credit Societies Ltd. (NAFCUB) Conclave at Vigyaan Bhavan, Delhi. The Bank has also been acknowledged as the Best Co-operative Bank for three years. SVC Bank was also conferred with numerous awards at renowned platforms, including Co-operative Bank of the Year at India Banking Summit and Awards 21-22, ‘Data Centers Award’ & ‘Enterprise Security Award’ at Express BFSI Technology Awards 2022 and Award for Outstanding Response to Covid-19 at Co-operative Banks Ingenious Leadership Summit and Technology Awards 2022, among others, stated in a press release.
About SVC Bank: Set up in 1906, SVC Bank is a 116-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 Bank with its presence across 11 states – Maharashtra, Karnataka, Goa, Gujrat, Rajasthan, Delhi, Haryana, Madhya Pradesh, Andhra Pradesh, Telangana, Tamil Nadu. With a total business of INR 31680.02 crore and a Net Profit of INR 146.86 crore (FY 21-22), it has proven its robust and strong fundamentals. Headquartered in Mumbai, the Bank has a vast spread of 198 branches, 214 ATMs and an employee strength of over 2300. 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 handles more than Rs. 3,000 crore forex business today. Ends GNI SG
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