GUNTUR: Chaitanya Godavari Grameena Bank is holding talks with its parent bank Andhra Bank to introduce automated teller machines at all the possible places so that its depositors could make use of those ATM to begin with, but no final decision has yet been taken, the bank chairman V. Parthasarathi has said.
At a press conference here on Friday, he said that the bank, formed through merger of the Chaitanya Grameena Bank and Godavari Grameena Bank, would celebrate its silver jubilee on Saturday here with Andhra Bank Chairman and Managing Director K. Ramakrishmnan attending as the chief guest.
Those two banks set up on March 25, 1983 and April 11, 1987 became one entity on March 1, 2006 and as on date were continuing the business with Rs. 440 crore business and Rs.487-crore credit. The bank currently has 89 branches in Guntur district, 17 in West Godavari and 16 East Godavari. The bank got best bank award on Sankranti Day on January 15 for disbursing the highest amount of agriculture loans.
The bank had earned a net profit of Rs.12.72 crore for the financial year ending March 31. More than 13,000 self-help groups were given away Rs.66 crore as loan, while 12,000 tenant farmers were disbursed loans through 847 Rythu Mitra Groups. The Vikas Extension counter at Vidyanagar in Guntur would be converted into full-fledged branch on Sunday, he added.