SVC Bank Honoured with Prestigious Bharat Ratna Sahakarita Samman 2024 in Three Distinguished Categories  

Mumbai, May 27, 2024: SVC Co-operative Bank Ltd. (SVC Bank – formerly known as The Shamrao Vithal Co-operative Bank Ltd.) with a rich history spanning 117 years, is happy to announce that it has been honoured by the esteemed Bharat Ratna Sahakarita Samman 2024, an annual awards ceremony that recognizes the outstanding achievements of individuals and organizations in the Indian cooperative banking sector. The Bank has been lauded in three distinct categories, highlighting its commitment to innovation, leadership, and cybersecurity.

SVC Co-operative Bank Ltd. has been awarded the following accolades:
•       Best Chairperson of the Year: Mr. Durgesh Chandavarkar, the visionary leader steering SVC Bank towards unprecedented growth and success, has been acclaimed as the Best Chairperson of the Year. Under his astute guidance, SVC Bank has consistently achieved milestones and set new benchmarks in the cooperative banking sector.
•       Best Woman Leader of the Year: Ms. Ashwini Vinekar, General Manager - HRM, Administration, Procurement, Premises & Development, has been recognized as the Best Woman Leader of the Year. Her exemplary leadership, dedication, and innovative approach have played a pivotal role in driving organizational excellence and fostering a culture of inclusivity at SVC Bank.
•       Best Cybersecurity Initiative of the Year: SVC Bank’s unwavering commitment to cybersecurity and its proactive measures in safeguarding sensitive financial information and customer data has earned it the prestigious title of the Best Cybersecurity Initiative of the Year. The Bank’s robust cybersecurity framework and continuous efforts towards staying ahead of emerging threats have set a benchmark for the industry.

“Celebrating the receipt of the prestigious Bharat Ratna Sahakarita Samman 2024 in three distinguished categories is a moment of immense pride and gratitude for SVC Bank. This accolade reaffirms our steadfast dedication to fostering financial inclusion, promoting sustainable development, and empowering communities. As we reflect on this achievement, we are inspired to redouble our efforts, innovate tirelessly, and uphold the highest standards of service excellence. With gratitude to our customers, partners, and stakeholders, we pledge to continue our journey of making a meaningful difference in the lives of individuals and the progress of our nation,” said Mr. Ravinder Singh, Managing Director of SVC Co-operative Bank Ltd.

The awards ceremony took place on 22nd May 2024, at The Lalit Hotel, Mumbai. Esteemed dignitaries, industry leaders, and stakeholders from the cooperative banking sector graced the event to celebrate the achievements of SVC Bank and other esteemed awardees. The honours - Best Chairperson of the Year, Best Woman Leader of the Year, and Best Cybersecurity Initiative of the Year, were awarded at the hands of Mr. Sumnesh Joshi, Deputy Director General (Joint Secretary Level) - Ministry of Communications and IT Government of India.