Mumbai, Maharashtra, 24th of January, 2026 : SVC Bank, formerly known as The Shamrao Vithal Co-operative Bank Ltd., a multi-state scheduled bank in India, on 9th January 2026, won three prestigious national awards at the Indian Banks’ Association (IBA) platform, presented by Shri. T. Rabi Sankar, Deputy Governor – Reserve Bank of India; Shri. Deepak Phatak, Professor Emeritus – Indian Institute of Technology, Mumbai and Shri. Atul Kumar Goel, Chief Executive – Indian Banks’ Association. The Bank was awarded Best Fintech & DPI Adoption (Winner) in the Co-operative Sector Banks category, Best Tech Talent (Winner) in the Co-operative Sector Banks category and Best Technology Bank (Special Mention) in the Co-operative Sector Banks category, reaffirming its sustained focus on digital capability building, technology resilience and talent development.
Held as part of the 21st Annual Banking Technology Conference, Expo & Citations organised by IBA at Mumbai, the awards were conferred during a ceremony attended by senior leaders from across the banking sector, policymakers and delegates. The IBA platform, this year, focused on key themes around technology adoption, digital transformation, cybersecurity, fintech collaborations and operational resilience, with sessions and discussions highlighting industry best practices and future trends in technology-led banking. SVC Bank’s recognition for Best Fintech and DPI (Digital Public Infrastructure) Adoption, Best Technology and Best Tech Talent underscores its contributions and commitment to these focus areas in the rapidly evolving banking landscape.
Speaking on the achievement, Ravinder Singh, Managing Director, SVC Bank, said, “These awards validate the collective efforts of our teams in building strong technology foundations while keeping customer trust, operational stability and regulatory discipline at the centre. Fintech adoption, integration with digital public infrastructure and talent development are integral to our long term strategy. As we enter our 120th year, we remain focused on deploying technology responsibly, strengthening governance and continuously improving service delivery for our customers and stakeholders.”
In the backdrop of the Bank’s 120th year of operations, these recognitions reflect its long standing role in India’s cooperative banking landscape. Over more than a century, the Bank has progressed through multiple phases of regulatory change, market evolution and technology adoption while maintaining excellence in governance and customer service. The awards reflect the Bank’s ongoing efforts to align its institutional legacy with contemporary banking practices and its focus on building sustainable capabilities that support customers, employees and stakeholders over the long term.
About SVC Bank
Set up in 1906, SVC Bank is a 119-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 10 States & 1 Union Territory – Maharashtra, Karnataka, Goa, Gujarat, Rajasthan, Delhi, Haryana, Madhya Pradesh, Andhra Pradesh, Telangana and Tamil Nadu. Total Business of the Bank is at Rs. 39,353 Crores as on March 31, 2025 and Net Profit increased by 10.52% to reach Rs. 241 Crores. Gross NPAs declined to 1.96% while Net NPAs also substantially reduced to 0.25%. The Bank continued to strengthen its Provisioning Coverage Ratio (PCR), which has reached 87.54%. Time and again, the Bank has proven its strong fundamentals and efficiency parameters.
Headquartered in Mumbai, the Bank has a vast network of 203 branches, 220 ATMs and an employee strength of over 2,400. The Bank offers the entire gamut of services across Retail, Corporate and International Banking. The Bank’s performance and innovation have been recognised through several recent industry awards. SVC Bank received three distinguished recognitions at IBA’s Annual Banking Technology Conference, Expo & Citations 2024-25, conducted on January 9th, 2026 in Mumbai: Best Fintech & DPI Adoption (Winner) in the Co-operative Sector Banks category, Best Tech Talent (Winner) in the Co-operative Sector Banks category and Best Technology Bank (Special Mention) in the Co-operative Sector Banks category. The Bank was awarded the Leader Award at the 9th All India UCB Summit & Awards, 2025, the Best HR Transformation and Best Audit Transformation Awards at the FCBA Awards 2025, and the Gold Award for the Bank’s Wall Calendar for 2025. In addition, earlier honours include the Banco Blue Ribbon 2024 Award for excellence in the Urban Co-operative Bank category. The Bank was also felicitated at the Rashtriya Coop Samman Samaroh 2025 with the titles of Best Urban Co-operative Bank, Best Multi-State Urban Co-operative Bank and Best Chairperson of the Year awarded to Shri. Durgesh Chandavarkar. SVC Bank was recently awarded the prestigious ‘Most Innovative CFO’ Award at the Silver Feather Awards 2025 – 6th Edition and ET Now’s “Best Organisations to Work 2025”. These accolades reflect the Bank’s leadership in co-operative banking, commitment to technology and people, and its role in advancing financial inclusion.
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