Government of  India, Ministry of Finance has announced the amalgamation of Chaitanya Grameena Bank and Godavari Grameena Bank sponsored by Andhra Bank 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 Idia                                           50%
Sponsor bank                                                   35%
Government of Andhra Pradesh                         15%