Government of India, Ministry of Finance has announced the amalgamation of Chaitanya Grameena Bank and Godavari Grameena Bank sponsored by Union Bank of India into a single Regional Rural Bank with its Head Office at Guntur,Andhra Pradesh, vide Notification bearing F.No 1/26/2005-RRB,Dated 01.03.2006. The Chaitanya Godavari Grameena Bank has emerged as a new entity effctive from 01.03.2006. The Head Office of the new Bank is situated at Guntur, Andhra Pradesh.
Share holders :
Government of India - 50%
Sponsor bank - 35%
Govt of Andhra Pradesh - 15%
Chaitanya Godavari Grameena Bank is committed to usher in prosperity & plenty by care concern to the financial needs of cross section of rural populace in Guntur, East Godavari & West Godavari Districts.
To leverage technology for according utmost customer satisfaction & providing credit & credit plus financial services to the rural people.
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