Overview

SVC Co-operative Bank Ltd., formerly The Shamrao Vithal Co-operative Bank Ltd., convened its 120th Annual General Meeting (AGM) on 18 July 2026 at the NMIMS Mukesh Patel Auditorium in Vile Parle (West), Mumbai. The meeting was chaired by Chairman Mr. Durgesh S. Chandavarkar and attended by shareholders, board members and senior management.

Financial Performance FY 2025‑26 (year ended 31 March 2026)

The bank presented audited financials showing total business of Rs 43,693 crore, representing an 11.03% year‑on‑year increase. Deposits grew to Rs 24,956 crore, up 11.51% from Rs 22,380 crore in the prior year. Advances rose to Rs 18,737 crore, a 10.40% increase over Rs 16,973 crore. Net profit for the year was Rs 205 crore.

Asset quality remained stable with gross NPA at 2.69% and net NPA at 0.96%. The bank’s capital adequacy ratio (CRAR) stood at 15.48%, and the provisioning coverage ratio (PCR) was 65.16%.

Operational Highlights

  • The bank emphasized continued digital transformation, strengthening of risk‑management practices and selective expansion of its branch network.
  • It reaffirmed its strategic focus on retail and priority‑sector lending, specifically targeting MSMEs, affordable housing and institutional deposits.
  • The institution operates a network of 203 branches and 220 ATMs across ten states and one union territory, employing over 2,500 staff.

Awards and Recognitions 2026

SVC Bank received multiple industry accolades during 2026, including:

  • Best Urban Co‑operative Bank, Best Multi‑State Urban Co‑operative Bank and Best CTO/IT Head of the Year at the Bharat Ratna Sahakarita Samman Ceremony (6 June, Lucknow).
  • Leading Bank Award – Category Tier IV at the 10th All India Co‑operative Banking Summit & Awards (8‑9 May, Pune).
  • Best Urban Co‑operative Bank, Best Cyber Security Initiative and Digital Banking Innovation of the Year at the 3rd Rashtriya Urban Cooperative Banking Summit & Awards.
  • Three awards at IBA’s Annual Banking Technology Conference, Expo & Citations 2024‑25 (9 January, Mumbai): Best Fintech & DPI Adoption, Best Tech Talent and Best Technology Bank (Special Mention) in the Co‑operative Sector Banks category.

Earlier recognitions cited include the Banco Blue Ribbon 2024 Award, Leader Award at the 9th All India UCB Summit & Awards 2025, Best HR Transformation and Best Audit Transformation at the FCBA Awards 2025, and several honors for its annual report and wall calendar.

Customer Felicitation

During the AGM, Chairman Mr. Chandavarkar and Vice‑Chairman Mr. Arun D. Mavinkurve honoured long‑time customer Mr. Dinkar Bhavanishankar Burde, a centenarian who has been associated with the bank since 1958, acknowledging his seven‑decade relationship as a symbol of customer trust.

Outlook

Chairman Mr. Chandavarkar stated that the bank will continue to pursue sustainable growth, strengthen governance, and create long‑term value for members and customers while expanding its presence nationwide.

About SVC Co‑operative Bank

Founded in 1906, SVC Bank is a multi‑state scheduled co‑operative bank with operations in Maharashtra, Karnataka, Goa, Gujarat, Rajasthan, Delhi, Haryana, Madhya Pradesh, Andhra Pradesh, Telangana and Tamil Nadu. The bank’s website is www.svc.bank.in.