Technology helps CGGB unlock future possibilities
Banking Frontiers|August 2021
Chaitanya Godavari Grameena Bank is also communicating with the customers on Facebook about its product offerings and services:

For FY2020-21, despite the negative sentiment created by the pandemic, Chaitanya Godavari Grameena Bank, with the network of 222 branches spanning across 3 districts of Andhra Pradesh, has registered a considerable overall business growth of 23% over the previous FY with deposits of ₹65.39 billion and advances of ₹68.77 billion.

One example of the bank leveraging the technology is the deployment of Android-based micro-ATMs with BCs at the field level during the testing times of covid. T. Kameshwar Rao, the Chairman, says a seamless availability of the technological solution deployed in micro-ATMs made it possible that BCs are reachable to the customers at any point in time. “That has led to the volume of transactions ticking around 2.9 million, amounting to ₹11.31 billion,” he adds.

Having seen the least turn-around time for transactions with the micro-ATMs, all the branches of the bank are equipped with at least one micro-ATM. Rao says customers can just approach the counter with their Aadhaar and get serviced for basic banking transactions like account opening, opening deposit accounts, withdrawal of funds from our bank, or any other bank.

The bank has Finacle from Infosys as the core banking solution, while Wipro is the system integrator.

CGGB MONEY APP

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM BANKING FRONTIERSView All

How WFH Challenge Driving Family Focus!

While many felt the ‘work-from-home’ norm could be beneficial in terms of time and effort, it is actually taking a toll on the mental health of several people who find loneliness, lack of social interactions and pressures at home front impacting their wellbeing. Corporates are actively putting solutions in place:

10+ mins read
Banking Frontiers
September 2021

Aggressive on Digital, Conservative on Social

Abhinav Angirish points out that his clients can also transact through WhatsApp or email by a simple approval system

3 mins read
Banking Frontiers
September 2021

Dawn of New Strategies

Multi-pronged asset strategy, diversified liability approach, and a fresh technology design and blueprint in place, NBFCs have redefined their strategy to take on the competitions concluded the panel discussion held as part of the NBFC’s TOMORROW series by Banking Frontiers.

6 mins read
Banking Frontiers
September 2021

Cloud tech fuels NBFC growth

As part of the NBFC’s TOMORROW conference, Banking Frontiers hosted a high powered panel discussion titled ‘Extracting the real Value from Cloud to Drive Digital Transformation and Business Growth’.

6 mins read
Banking Frontiers
September 2021

MPGB: Business up, NPA down

Sushil Sharma resolves to continue the flagship financial inclusion program with focus on opening accounts from every household to every adult

3 mins read
Banking Frontiers
September 2021

AP StCB's Record Business Growth in Covid FY

The southern apex level bank is planning expansion in its branches and ATMs in the current FY:

3 mins read
Banking Frontiers
September 2021

LMS rising to the next level

Industry experts discuss the approaches & actions required to modernise LMS software:

7 mins read
Banking Frontiers
September 2021

PSBs, RRBs excel in opening APY accounts

Now the government employees will have the facility to register online in NPS and generate PRAN through eNPS:

7 mins read
Banking Frontiers
September 2021

VFS emphasizes digital at the field level

Kuldip Maity says the digital loan origination system has almost halved the turnaround time in sanctioning and disbursement of loans

5 mins read
Banking Frontiers
September 2021

One-page Banking Experience

Kotak Mahindra Bank acquires about half a million customers digitally every month, powered by extensive use of AI and internet:

5 mins read
Banking Frontiers
September 2021
RELATED STORIES

FOOD FOR THOUGHT

Queens is known for its gastronomy as much as its tennis. Daniil Medvedev, equal parts sugar and spice, hopes to add a unique flavor to the borough as he vies for his first major

9 mins read
Tennis
September - October 2021

Dinner: The Movie

Amid the rise in instructional cooking videos, the ability to entertain still rules.

3 mins read
Bloomberg Businessweek
March 29 - April 05, 2021

THE SEED MAN

Prabhakar Rao, landscape architect of the Central Vista project, is on a mission to preserve heirloom seeds and wants native trees for our avenues

8 mins read
THE WEEK
October 10, 2021

Meet - Hadey Motani And Raoul Motani

Directors of Wallroom

2 mins read
SA Home Owner
October 2021

Bengaluru-Bred 17-Year-Old Guitarist Manou Rao on His Multicultural Upbringing

The Franco-Indian artist has set his sights on going professional, even as he balances school and the behemoth that is social media

4 mins read
RollingStone India
July 2021

High Court suggests oxygen banks be set up across town

11 CYLINDER BANKS SET UP; EMPTY ONES CAN BE EXCHANGED FOR FILLED ONES

2 mins read
Millennium Post Delhi
May 05, 2021

Need For Political Power For Depressed Classes

The following is the text of the presentation, made by Babasaheb Dr. B.R.Ambedkar in the 5th sitting of the plenary session of the Round Table Conference held on 20th November 1930 in London

8 mins read
The Modern Rationalist
February 2021

When Aditi met Sabyasachi

Fashion and film have always been a winning combination. Here, the old-world charm of award-winning actor Aditi Rao Hydari meets the timeless creations of the country’s leading couturier, Sabyasachi Mukherjee—an apt homage to the classic Indian bride.

6 mins read
Khush Wedding
Issue 28

NO FILTER

Rajkummar Rao delivered two superlative back-to-back performances last year – as a diffident school PE teacher in Hansal Mehta’s Chhalaang and an endearing small-town lover in Ludo, reminding us that few actors can do what he does. Arun Janardhan spoke to the versatile actor who stars in this month’s much anticipated Netflix release The White Tiger, about his craft and what’s next for him

7 mins read
GQ India
January 2021

PEOPLE LIKE UNDERDOG STORIES IN LIFE AND CINEMA:RAJKUMMAR RAO

The actor, who plays an unmotivated PT teacher finally rising to the challenge in the upcoming movie, believes people like to see characters that they can root for or relate to.

5 mins read
GLOBAL MOVIE MAGAZINE
December 2020