Solidifying Banking Structure In Andhra Pradesh With Chaitanya Godavari Grameena Bank
Throughout India, there was an up-liftment in the banking structure with the passing of the 1976 Act of Regional Rural Banks. Most of the villages in different states of India were brought under the jurisdictions of regional rural banks or Gramin banks. By such a means, poorer sections of the villages and the semi urban areas could afford to have bank accounts, deposits and other transactions, apart from availing loan facilities for farming and other small scale enterprises. It was a means to give financial and banking independence to the village people. these RRBs flourished under the lookout of central and state governments and one of the scheduled banks, which sponsored the RRBs.
- Formation of CGGB a landmark in Andhra Pradesh
In the state of Andhra Pradesh, one of such banks was the Chaitanya Godavari Grameena Bank, which was established in the year 2006, when the finance department of India ordered the merger of two RRBs of Andhra Pradesh. These were the Chaitanya Grameena Bank and Godavari Grameena Bank, both of which were sponsored by Andhra Bank. The merger resulted in the formation of CGGB, with its headquarters in Guntur and this was also sponsored by Andhra Bank. Three districts of Andhra Pradesh, namely Guntur, East Godavari and West Godavari, were included under the jurisdiction of CGGB, with a coverage of 1348 villages. People in these villages came to avail advantages of loans for various farming and non-farming activities.
- Variety of jobs on offer – By having a wide reach into thousands of villages in Andhra Pradesh, the Chaitanya Godavari Grameena Bank also had a large number of branches. To have sufficient manpower working in these branches, there are officers and office assistants multipurpose, who could cater to the banking needs of the poorer sections of the villages.
Officers recruited into the CGGB were of three classes such as junior, senior and middle management scale, responsible for managerial works in the banks. Office assistants were having multipurpose roles in the banks. Through promotion facilities, employees were able to move up in positions in the different ranks in the bank.
- IBPS mode of selection gives ample opportunities – It was possible to get into the Chaitanya Godavari Grameena Bank through recruitment process, under the charge of the Institute of Banking Personnel Selection or IBPS. This is an autonomous body in India, which is responsible for carrying out recruitment drives for officers and clerks in different nationalised banks of the country. Interested candidates need to appear in the Common Written Exam or CWE conducted by IBPS for RRB recruitment.
It would give them an opportunity to secure Total Weighted Score or TWS more than the cut off, fixed by the CGGB, whenever there is an advertisement for the officer and office assistant posts. Lots of candidates are able to get into jobs through these recruitment processes and start of a prospective banking career.
By establishment of Chaitanya Godavari Grameena Bank, lot of villages were benefited as people from the poorer sections of these villages could find ways to finance their farming as well as other small scale enterprises. Youths from the region could also get into jobs in different positions in branches of this bank. It was a great benefit for all sections of the villages and had an impact on the banking scenario of the country.